Cross-border Payments

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Facebook Launches Accounts Center to Better Connect Its Cross-Data and Payment Systems

As it looks to make a bigger shift into eCommerce, Facebook is also working to streamline its payments processes, in order to make it as easy as possible for users on both Facebook and Instagram to quickly make purchases based on posts and ads in each app.

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Mastercard VP: Removal of Cross-border Frictions Will Improve Forecasting

Mastercard VP: Removal of Cross-border Frictions Will Improve Forecasting

In its latest report, the Committee on Payments and Market Infrastructures (CPMI) identified key frictions to cross-border payments – including funding costs, weak competition, and the complex processing of compliance checks.

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Innovating Cross Border B2B Payments: It Takes an Ecosystem

Innovating Cross Border B2B Payments: It Takes an Ecosystem

Tackling B2B payments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2B payments is a much more complicated process. The current climate of innovators appears to be up for the challenge, however.

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Small Cross-border Deals Play a Big Role for Visa, Mastercard

Small Cross-border Deals Play a Big Role for Visa, Mastercard

Visa’s recent green light from U.K. regulators to complete its Earthport acquisition was more than just the clearing of a regulatory hurdle – it was a revealing look at how important it has become for the card networks to diversify.

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Singtel’s Cross-border Payments System Expands to Japan

Singtel’s Cross-border Payments System Expands to Japan

Singapore’s largest telecommunications carrier Singtel has expanded its Via cross-border payments alliance to Japan.

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High Revenues, Low Margins an Opportunity in Cross-Border Corporate Payments

High Revenues, Low Margins an Opportunity in Cross-Border Corporate Payments

Consumers may secure the majority of payments innovation efforts, but when it comes to cross-border payments, the opportunity undoubtedly lies in corporate transactions.

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The Future of Cross-Border Transfers Could Be Central Bank-Backed Digital Currency

The Future of Cross-Border Transfers Could Be Central Bank-Backed Digital Currency

As we slowly but surely move towards a global village into a reality, the overall value of cross-border payments is also expected to rise by 5.5 yearly, increasing from US22 trillion in 2016 to US30 trillion in 2022. Yet, according to a report published by KPMG , active correspondent bank numbers are at a slow […]

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Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments. The report by the Monetary Authority of Singapore, Bank of England and Bank of Canada notes that CBDCs, which can either be retail […]

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Cross-border Payments Is One of the Hottest Issues in Blockchain Banking

Cross-border Payments Is One of the Hottest Issues in Blockchain Banking

As shown by the proliferation of Bitcoin and the wave of innovation that followed, blockchain technology can be applied to many different industries to make processes more efficient. But, among the most important to the needs of a global population, is banking.

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Singapore, UK and Canada Central Banks Issue Joint Report on Cross-border Payments

Singapore, UK and Canada Central Banks Issue Joint Report on Cross-border Payments

The central banks of Canada, Britain and Singapore on Thursday jointly released a report on cross-border payments and settlements, which provides a framework for assessing transactions in greater depth and discusses how alternative payment models can be implemented.

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Banks Struggle With Global Payments That Look Easy for Venmo

Banks Struggle With Global Payments That Look Easy for Venmo

When one quickly reads the title of this particular article posting in Bloomberg, you might reach a hasty conclusion that Venmo has launched a global corporate payments app, which is not the case (although everyone wants ‘in’ on the massive B2B market so keep your eye out).

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Cross-Border, In-Person Payment Pact for Amazon and Western Union

Cross-Border, In-Person Payment Pact for Amazon and Western Union

Western Union and Amazon announced a partnership Wednesday (October 31) that will offer a new payment option for international customers of the eCommerce giant.

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