Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in revenue and customer numbers. “We moved £118.5bn around the world for 12.8m customers, 29% more...
Ripple and Clear Junction have partnered to facilitate instant payout coverage in British pounds and euros for Ripple’s payments customers. This collaboration will bring together Clear Junction’s cross-border payments solutions and Ripple’s enterprise blockchain and crypto solutions, the companies said in a Wednesday (June 5)...
In a landscape defined by unprecedented digitization and global connectivity, cross-border payments remain a paradox. That’s because, despite the size of the total addressable market — which is projected to reach a staggering 290 trillion by 2030 — cross-border payments are fraught with inefficiencies, high...
There are over 19,000 tax jurisdictions worldwide — any of which can change in an instant. With new and emerging payment rails, such as instant payments, helping to transform the cross-border space, regulators are increasingly cracking down on businesses in the payment chain to ensure that new technologies...
Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the...
Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and you’ll see companies like the Solana Foundation advancing real-world assets on cross-border blockchains. You’ll see Swift continuing to accelerate the usage of the ISO 20022 messaging format. And...
Swap has raised $9 million in a Series A round to launch its global eCommerce platform designed to facilitate cross-border shipments. The new Swap Global will enable the company to help direct-to-consumer (DTC) brands unlock new markets with delivered duty paid (DDP) shipping, automated tax remittance and express...
Airwallex has expanded its payment acceptance solution to the United States. With this service, U.S.-based merchants can accept payments from both domestic and international customers, and foreign merchants with U.S. entities can provide a localized payment experience to their U.S.-based customers, the global financial platform said in a...
Brightwell has launched a platform designed to let businesses deliver cross-border payments to their customers. The new Latitude platform does so based on the customer’s currency, location and payment method, the global payments technology company said in a Tuesday (April 23) press release. “Businesses across a variety of industries have...
