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Deutsche Bank To Help Sri Lanka With Digital FX

PYMNTS

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. Like the others, it will be a location where two Asian clients can pay one another in local currency, and reduce the foreign exchange cost to one conversion, according to Deutsche Bank.

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How Treasurers Are Guiding Firms Through The eCommerce Revolution

PYMNTS

Disruption is hitting both the B2C and B2B arenas, and while it would seem they are two opposite ends of the spectrum, these ecosystems share commonalities in the kinds of trends that force sellers to modernize their market strategies. Treasury is very well-positioned to handle all of these activities,” added Sinha. trillion by 2021.

eCommerce 118
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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S. and abroad.

B2B 56
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BitPesa Restructures, Secures $15M For Expansion

PYMNTS

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company focuses on global currency trading solutions and financial services in both the B2B and B2C frontier.

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Western Union Rolls Out Full API Access For International Payments

PYMNTS

API integration offers a way to streamline payments processing while providing access to transparent foreign exchange rates and associated fees. Receivers will have funds available to spend within minutes, enabling real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases.

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Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA).

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How Subscriptions Complicate Cross-Border B2B Payments

PYMNTS

However, with cloud storage and computing a requirement for many businesses, with the surge of Software-as-a-Service (SaaS) and with B2C services like Amazon Prime embracing the B2B opportunity, recurring B2B electronic payments are an increasingly complex challenge for these service providers and the businesses paying them.

B2B 40