PYMNTS

MARCH 26, 2020

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. The company plans to launch the service to more countries in the near future. Users can also check exchange rates and monitor transfers at westernunion.com.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

JANUARY 15, 2019

HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. Now, the bank is reportedly planning to allow its own corporate customers to use its blockchain tool.

Foreign Exchange 76

Foreign Exchange Currencies Treasury Banking 76

PYMNTS

NOVEMBER 2, 2016

.” SBI Ripple Asia said in the report the banking consortium will look at both technical and operational activities required in domestic and foreign exchange services “to utilize blockchain and other new technologies, consolidate domestic and foreign exchange services and build 24-hour and real-time remittance infrastructure.”

Foreign Exchange 77

Foreign Exchange Banking Currencies Technology 77

The Finance Weekly

OCTOBER 30, 2024

Datarails Datarails Cash Management is an all-in-one financial planning platform designed to make cash management easy for businesses of all sizes. Why It Stands Out Datarails is designed specifically for financial planning and analysis, making it a highly specialized tool for cash management.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

SEPTEMBER 22, 2020

Enterprise resource planning (ERP) technology provider Acumatica is embracing bank connectivity with the launch of its newest offering, Acumatica Advanced Expense Management and Electronic Bank Feeds. clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time.

Banking 110

Banking B2B Foreign Exchange Currencies 110

PYMNTS

NOVEMBER 21, 2018

businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. The vast majority, however, say their companies are planning to deploy some active strategy to ensure success in a business environment of rising interest rates and U.S. dollar valuations.

Foreign Exchange 67

Foreign Exchange Banking Valuation Currencies 67

CFO Talks

AUGUST 29, 2024

This helps you see potential cash shortfalls early and make plans, like talking to suppliers about extending payment terms or arranging a short-term loan. Managing Risks Good treasury management also means protecting the business from risks like currency fluctuations or changes in interest rates. Update it regularly.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

PYMNTS

SEPTEMBER 1, 2020

The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported. Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse , the idea was started last year but expedited due to its newfound importance after the pandemic hit.

Foreign Exchange 82

Foreign Exchange Construction Currencies Startups 82

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. Necessary Planning.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

Global Finance

OCTOBER 11, 2024

trillion in extended credit and new capital for its consumer and institutional clients while moving $10 trillion in over 120 currencies daily. Many corporates have limited experience dealing with uncertainty, especially when combined with very high interest rates, and are unsure how to plan or adjust,” says Monaco.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JUNE 30, 2019

June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking.

B2B 109

B2B Currencies Foreign Exchange Transportation 109

Global Finance

JUNE 4, 2024

The latest such episode started in 2019 with the ongoing debt crisis, followed by a currency collapse and, in 2022, the fall of the scandal-ridden government of Rajapaksa. With the next presidential and parliamentary elections planned for 2024, the approval ratings of the incumbent president and his government are weak. billion. .):

Economics 105

Economics Currencies Restructuring Foreign Exchange 105

PYMNTS

AUGUST 13, 2019

12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. importer told the publication of its reliance on surcharges to mitigate the risk of currency fluctuations. With machine [technology] imbedded in their [enterprise resource planning] ERP, it’s fully automated.

Foreign Exchange 72

Foreign Exchange Accounts Payable Risk Management Reconciliations 72

PYMNTS

NOVEMBER 20, 2020

Gulati discussed what this trend means for the way that multi-entity SMBs manage a range of financial workflows across borders, and how technology can ease the biggest friction pain points like foreign exchange volatility and domestic compliance. Cross-Border Headaches. All of this is really manual," noted Gulati. "If

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

PYMNTS

AUGUST 21, 2020

Widespread disruption throughout the world’s supply chains earlier this year had businesses’ continuity plans threatened and, for some, even forced operations to grind to a screeching halt. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify.

Finance 69

Finance Foreign Exchange Currencies Banking 69

PYMNTS

SEPTEMBER 27, 2018

The sources said a deal could give Western Union a $500 million boost, and that the institution plans to start discussing a sale with potential buyers in a few weeks. They noted, however, that Western Union has not definitively decided to sell its business payments unit and that its plans remain confidential.

Sales 79

Sales B2B Foreign Exchange Valuation 79

PYMNTS

DECEMBER 4, 2020

Revolut Business customers using paid plans will receive monthly allowances for free U.K. Businesses should also be able to save money on currency conversions, as the product will be able to accept payments in 14 currencies. The product will feature a 1.3 percent fee for U.K. and EEA consumer cards and a 2.8

Foreign Exchange 73

Foreign Exchange Currencies Banking Securities 73

PYMNTS

SEPTEMBER 18, 2018

Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. That said, optimism without a firm plan in place is just another form of hot air. Two Types Of Normal. China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MARCH 19, 2019

Proceeds from the funding round are slated for expansion into Latin America, where the firm plans to open an office. The report noted the company is also nearing the launch of a prepaid debit card that it plans to issue to consumers in 25 countries. The funds will also go to expand in Asia by going after Japan and Indonesia.

Foreign Exchange 64

Foreign Exchange Startups Currencies Banking 64

PYMNTS

MARCH 23, 2020

planning to find work outside the country this year due to tax code changes, for example. Many freelancers still receive their payments via traditional wire transfers — despite the fact that they can receive payments from friends in an instant — and a large number of firms do not accept or send payments in alternative currencies.

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

NOVEMBER 3, 2020

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. China Touts Proprietary Digital Currency. and abroad.

B2B 56

B2B Foreign Exchange Currencies Accounts Payable 56

PYMNTS

JANUARY 31, 2018

In one of the bigger back-and-forth stories in digital currency, South Korea has announced that it is definitely for real this time sure that it does not plan to ban crypto-currency exchanges. Illegal foreign currency trading of 472.3 Annual overseas transfers of more than $50,000 must also be reported.

Foreign Exchange 48

Foreign Exchange Currencies Finance Banking 48

Global Finance

MAY 10, 2024

President Javier Milei’s currency moves give markets room for planning, but his ambitious economic restructuring faces roadblocks. Capital controls and import restrictions due to the lack of confidence in public policies and the low level of foreign exchange reserves.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

PYMNTS

NOVEMBER 16, 2018

In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

NOVEMBER 22, 2016

According to the report, a Goldman Sachs spokeswoman confirmed the membership lapse but that Goldman Sachs plans to continue to work with blockchain technology. Blockchain is the technology behind bitcoin, the popular alternative digital currency.

Foreign Exchange 59

Foreign Exchange Currencies Startups Technology 59

Global Finance

OCTOBER 10, 2024

Azerbaijan Taleh Kazimov: B+ Central bank Governor Taleh Kazimov, in office since 2022, had a boost in July when Fitch Ratings upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. Mansur to be central bank governor. The economy grew 5.6%

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

APRIL 7, 2020

The Tracker also investigates how FIs are adopting APIs to support everything from currency conversions to loan disbursements. Deutsche Bank recently released an API that Sri Lankan businesses can use to connect their eCommerce direct sales platforms with the bank’s foreign exchange (FX) offering. Around The B2B API World.

eCommerce 63

eCommerce Banking Foreign Exchange B2B 63

PYMNTS

JANUARY 8, 2018

Half of SMBs said they plan to increase investment in marketing, and 39 percent said they are gearing up to release new products or services this year. A third said they plan to expand into new markets. One in seven entrepreneurs plan to shrink or close their businesses in the coming quarter , according to the U.K.’s

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

JANUARY 29, 2018

To that end, MoneyGram and Ripple are joining forces to pilot a real-time settlement system and protocol that incorporating XRP, Ripple’s digital currency, into MoneyGram’s payment flows. Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S. Operating as a U.S.

Planning 48

Planning Currencies Foreign Exchange Valuation 48

PYMNTS

SEPTEMBER 26, 2016

Those potentials and threats, however, expand beyond foreign exchange challenges. A 29% decline in foreign currency purchase value by U.K. Larger corporates landed increases in both the number of foreign currency purchases made in July, as well as an increase in the value of those purchases, suggesting larger U.K.

Foreign Exchange 59

Foreign Exchange Currencies Transportation B2B 59

PYMNTS

SEPTEMBER 17, 2018

percent for foreign exchange transactions. percent for foreign currency ones. It is an 18 basis point increase on the foreign exchange limits, noted Reuters. The country’s finance minister Berat Albayrak is expected to offer a medium-term economic plan this week, reported CNBC.

Foreign Exchange 51

Foreign Exchange Banking Budgeting Currencies 51

CFO News

JANUARY 14, 2025

Rupee fall: India's central bank plans to use foreign exchange reserves judiciously to handle currency market volatility amid global challenges.

Foreign Exchange 40

Foreign Exchange Currencies Planning Banking 40

PYMNTS

DECEMBER 1, 2019

Foreign currency transactions cost 2 percent in foreign exchange. Pixpay plans to tackle the European market as early as 2021 and target two million customers within five years, according to DutchyCorp Tech News. Pixpay costs €2.99 per month per card; payments and ATM withdrawals in the Eurozone are free.

Banking 60

Banking Foreign Exchange Startups Education 60

PYMNTS

OCTOBER 7, 2016

million in a pre-Series A round, the largest amount raised for a digital currency company in India. ” Decker plans to “set up a small ecosystem” on the bitcoin testnet for micropayment channels. Or, it could be that bitcoin as a viable currency, like Baumgartner’s stunt, is a giant leap for mankind.

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

AUGUST 6, 2018

‘s Manchester United is teaming up with mobile betting and gaming brand MoPlay , and Iran is relaxing currency rules. With the tie-up, the football club and MoPlay plans to create co-branded activations as well as exclusive collaborative content for fans. “We Plus, the bank would allow currency markets to open again. “We

Foreign Exchange 40

Foreign Exchange Pharmaceutical Currencies Reconciliations 40