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.
Read MoreIn 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.
Read MoreTackling 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.
Read MoreVisa’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.
Read MoreSingapore’s largest telecommunications carrier Singtel has expanded its Via cross-border payments alliance to Japan.
Read MoreConsumers may secure the majority of payments innovation efforts, but when it comes to cross-border payments, the opportunity undoubtedly lies in corporate transactions.
Read MoreAs 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 […]
Read MoreThe 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 […]
Read MoreAs 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.
Read MoreThe 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.
Read MoreWhen 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).
Read MoreWestern 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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