PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC).

Currencies 56

Currencies Banking eCommerce Technology 56

PYMNTS

JUNE 16, 2020

Using Remitr’s Global Business Accounts (GBA), small- to medium-sized businesses (SMBs) in Canada can access unique accounts in U.S. The idea is for those SMBs to get paid “like a local business,” even when doing business around the world and in other currencies, according to the release.

Accounting 64

Accounting Currencies eCommerce Banking 64

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . Customizing The Accounts. .

B2B 98

B2B Currencies eCommerce Compliance 98

PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. Merchants, quite logically, want to keep transaction conversion rates high.

eCommerce 124

eCommerce Currencies Securities Accounting 124

PYMNTS

JANUARY 10, 2019

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. Chinese companies have to work with banks and regulators, increasingly on a daily basis, as they pursue outbound eCommerce.

eCommerce 63

eCommerce Compliance Currencies Accounting 63

PYMNTS

FEBRUARY 5, 2020

The traditional holiday shopping season , which lasts from Black Friday onward, still accounts for roughly a quarter of annual sales for retailers in general, and for certain verticals, such as jewelers, a much bigger chunk of the annual top line. Redefining Peak Season. percent versus 1.4 Looking at Points of Failure.

eCommerce 67

eCommerce Retail Manufacturing Sales 67

PYMNTS

MARCH 29, 2019

Russia-based electronic payments company Yandex.Money is rolling out new multi-currency services with an eye on freelancers. In a press release issued Thursday (March 28), the company announced the launch of accounts and cards that support payments and transactions in multiple currencies, including U.S.

Currencies 49

Currencies B2C B2B eCommerce 49

PYMNTS

AUGUST 5, 2020

To that end, as Coinstar CEO Jim Gaherity told PYMNTS, the stage is becoming increasingly set for currency — the literal cold, hard stuff of bills and coins — to be rendered in bits and bytes. If consumers have accounts with a particular bank, they can pour coins into the kiosk and conduct a direct-to-account bank deposit.

Currencies 135

Currencies Advertising Numbers Accounting 135

CFO News

MAY 18, 2023

The Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count towards an individual's Liberalized Remittance Scheme (LRS) account and attract 20% tax collected at source (TCS).

Currencies 52

Currencies eCommerce Finance Accounting 52

PYMNTS

AUGUST 3, 2020

The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail. Social media platforms such as Instagram account for one-third to one-half of all eCommerce transactions in Thailand.

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

MAY 9, 2019

So it is with accounts payable (AP), as Chen Amit, CEO of Tipalti , told PYMNTS in a recent interview. Accounts payable is the ‘lost child’ hidden in business workflows,” said the executive. “I Of accounts payable in general, he said, “it’s a cumbersome process. Cash management becomes less art than science.

Accounts Payable 70

Accounts Payable Accounting Finance Cash Management 70

PYMNTS

JUNE 30, 2019

June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. The FX market is efficient for “larger” or dominant currencies such as the euro or the U.S. into the Philippines, money must be “pre-deployed” in the Philippines in a bank account located there.

B2B 109

B2B Currencies Foreign Exchange Transportation 109

Global Finance

OCTOBER 16, 2024

Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. A modern financial institution (FI) faces a challenging environment but a beguiling opportunity in Asia. But it is also challenging to navigate.

Currencies 105

Currencies Economics Leadership Banking 105

PYMNTS

MARCH 31, 2017

Cross-border B2B payments company eNett International is expanding its reach by adding support for more currencies. The company said Thursday (March 30) that it will add the Mexican peso, Russian ruble and Turkish Lira to its currency suite in support of cross-border B2B payments for the travel industry.

Currencies 44

Currencies B2B eCommerce Numbers 44

PYMNTS

APRIL 29, 2020

Crafting streamlined eCommerce checkouts for international customers requires merchants to tailor their payments experiences to the needs and preferences of each market. That means enabling customers to pay with their preferred, trusted payment methods and currencies. Around The eCommerce Payments World.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

PYMNTS

APRIL 22, 2019

Bitcoin, through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites, according to reports. Moon previously allowed about 250 beta users to use crypto on eCommerce sites by connecting them through exchange accounts like Coinbase.

eCommerce 87

eCommerce Invoicing Currencies Investments 87

PYMNTS

MAY 4, 2017

Cross-border payments company Transpay is expanding with new global currencies supported by its platform. The company announced Wednesday (May 3) that it supports 11 settlement currencies that can be used to fund companies’ Transpay accounts, negating the need to convert funds before a transaction is initiated.

Currencies 40

Currencies Valuation CFO eCommerce 40

PYMNTS

AUGUST 19, 2016

Russia’s love-hate relationship with digital currency continues. Now, Russia has overcome its fears and has opened the first digital currency exchange. The new exchange will provide 24/7 currency exchange services and, according to News BTC , the Russian exchange is an actual office. Try Synthetic Currency.

Currencies 44

Currencies eCommerce Technology Startups 44

PYMNTS

NOVEMBER 10, 2020

To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

Currencies 129

Currencies Leverage Securities Banking 129

PYMNTS

NOVEMBER 4, 2020

Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. The ledger, tied to blockchain, allows banks to exchange data about payments, resolve compliance inquiries and validate accounts. The conversation took place against the backdrop where, late last month, J.P. Liink, J.P.

Healthcare 131

Healthcare Compliance Currencies Banking 131

PYMNTS

JULY 28, 2020

Many shoppers who make purchases online rely on eCommerce marketplaces to discover items and connect with trusted sellers. Fifty-eight percent of worldwide eCommerce transactions were made using these platforms in 2018, for example, and consumers have since become even more accustomed to them. Domestic Seller Currencies.

Marketing 63

Marketing Currencies eCommerce Compliance 63

PYMNTS

AUGUST 1, 2019

PayPal is introducing an electronic invoicing application programming interface (API) for online sellers in an effort to promote PayPal’s presence on eCommerce and other digital platforms. Invoices can be sent in 25 currencies in more than 200 markets around the globe, with PayPal managing foreign currency conversion.

Invoicing 63

Invoicing eCommerce Currencies Accounting 63

PYMNTS

JANUARY 14, 2019

Africa as next great eCommerce frontier? There’s also a technology boom, which comes as the continent, in Nazir’s words, “leapfrogged over the landline and over the computer, and straight to the smartphone and, now, into mobile money over bank accounts. Consider the fact that eCommerce generated $16.5

eCommerce 85

eCommerce Foreign Exchange Accounting Banking 85

PYMNTS

NOVEMBER 2, 2018

1) — and trained a spotlight on the lures of eCommerce done cross-border. Looking at the largest business segment known as consumer-to-consumer (C2C), which is 80 percent of the company’s top line, revenues were up 2 percent on a constant currency basis, outpaced by transaction growth of 4 percent. billion were just shy of the $1.42

Currencies 74

Currencies CFO eCommerce B2B 74

PYMNTS

SEPTEMBER 14, 2018

13) that its Global Currency Account is now available to importers and exporters in the U.K. The service targets businesses trading online across borders, providing a platform to manage multiple currencies in a single solution. eCommerce customers,” Malcolm continued. “We Reports in Tamebay said Thursday (Sept.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40

PYMNTS

JANUARY 19, 2021

Western Union enables cross-currency, cross-border transfers in 200 countries and territories. Customers can receive funds in cash or have them transferred directly into a designated bank account. Walmart has about 11,400 stores under 55 banners in 26 countries and eCommerce websites, according to the release. and abroad.

Healthcare 87

Healthcare Currencies Retail eCommerce 87

PYMNTS

OCTOBER 7, 2016

Other key takeaways from the Q3 2016 Index include: Only 23 percent of merchants accept six or more currencies on average, but in the top 10, 80 percent accept six or more currencies. Ninety percent of bottom 10 merchants always ask customers to sign up for an account to make a purchase. The verdict: The U.S.

Currencies 73

Currencies eCommerce Retail Accounting 73

PYMNTS

MAY 19, 2017

The eye-popper: a big jump in eCommerce sales — a jump that came in at 63 percent — which overshadowed the mixed headline numbers that showed the commerce juggernaut inched past analyst expectations on the bottom line, posting $1 in net income vs. the $0.96 expected, and slightly missed the projections for the top line, at $117.5

eCommerce 52

eCommerce Banking Investments Sales 52

PYMNTS

MAY 3, 2018

billion, up 31 percent year on year and 27 percent in constant currency terms, was better than the $3.3 Of particular note was cross-border volume, which gained 21 percent as measured in local currency, and driven by Europe. Hund-Mejean said the company’s eCommerce business grew 25 percent year on year. billion consensus.

Currencies 48

Currencies Numbers CFO Retail 48

PYMNTS

APRIL 30, 2020

The international eCommerce market grew to $412 billion by the end of 2019 — a 4 percent improvement over the previous year. Buyers used local payment methods for 77 percent of worldwide eCommerce in 2019, and that figure is projected to reach 82 percent by 2024. Cards can be critical to serving the U.K.

eCommerce 52

eCommerce Invoicing Compliance Currencies 52

PYMNTS

FEBRUARY 17, 2020

Small business (SMB) import and export volume between Europe and China hit $323 billion in 2018, and eCommerce — Amazon, Shopify and France’s Cdiscount — exceeded $100 billion in the same year. . The businesses hailed from more than 12 European countries, requiring numerous cross-currency money transfers.

Startups 70

Startups Currencies Banking eCommerce 70

PYMNTS

JUNE 19, 2020

It’s not a change easily accomplished, but thanks to eCommerce-as-a-Service solutions, launching an online webstore today is easier than ever. That’s not only because eCommerce opens up a potential buyer pool to customers outside of one’s home market, creating the need for companies to accept payment in different currencies.

Foreign Exchange 56

Foreign Exchange B2B Currencies Accounting 56

PYMNTS

FEBRUARY 28, 2020

The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. The company has also teamed up with Amazon to allow shoppers with eCommerce points to redeem cash back and miles through Amazon. according to a report by Yahoo Finance.

Currencies 83

Currencies Banking eCommerce Finance 83

PYMNTS

MAY 22, 2018

For example, the rocky launch of the eCommerce chatbot over the last year has proven this problem. Peeks was born about six months ago as a live-streaming platform that gives users — with the app download and quick set up — access to an eCommerce-enabled live-streaming platform. Making It Better With Money. Why It Works.

eCommerce 47

eCommerce Advertising Currencies Sales 47

PYMNTS

DECEMBER 27, 2018

Although the ex-CEO isn’t facing accusations over the losses from hacking, prosecutors contend that he moved 340 million yen to a personal account from an account at the exchange in 2013. Still, the company plans to roll out a CHIMP Academy to help owners of small businesses make their own storefronts for digital currency eCommerce.

Currencies 57

Currencies eCommerce Accounting Technology 57

PYMNTS

OCTOBER 7, 2016

And bitcoin purveyors and exchangers are eyeing an emerging eCommerce market in India that might offer the right components for traction. India’s eCommerce leader, Amazon, is also vying for the top spot ahead of the Diwali shopping season. Bloomberg stated that Amazon is spending $5 billion to gain dominance in Indian eCommerce.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

MAY 6, 2019

The interview comes at a time when financial institutions (FIs), payment service providers and eCommerce operators are putting more focus and money into building infrastructures for real-time payments — and as regulators and consumers are coming to better understand the appeal and need for such services. Credit Cards. The Role Of Trust.

eCommerce 80

eCommerce B2B Invoicing Accounting 80