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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. The company now operates in the U.K.,

eCommerce 142
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Yandex.Money Targets Freelancers With Multi-Currency Solution

PYMNTS

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.

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Virtual Account Numbers Facilitate International Digital Banking

PYMNTS

The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Beyond solely collecting payment, she added, digital banking can be customized as firms pay their expenses, perhaps across a range of currencies. to name just a few.

Numbers 115
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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card. With the expansion, Mastercard is exploring a mix of payment rails by supporting FinTechs that allow cryptocurrency payments via card.

B2B 129
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Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’

PYMNTS

Most of the examples we know of today are on the B2C side. That’s no surprise, given the pace of innovation in B2C versus B2B payments over the years. This enables overseas customers to be invoiced and to pay in their local currency while allowing the biller to reconcile those receivables in its financial system of record and currency.

B2C 70
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Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices. The paper also looks at specific use cases, such as distributed KYC registries and low-value P2P/B2C payments.

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Deutsche Bank To Help Sri Lanka With Digital FX

PYMNTS

As the world’s supply chains move into settlements in local currency, Deutsche Bank wanted to make sure it offered that service for clients in Sri Lanka. eCommerce customization has been transforming payments currency. dollars — as the custom has been for years.