PYMNTS

DECEMBER 13, 2018

Foreign exchange (FX) volatility can be detrimental to businesses with heavy reliance on cross-border operations. That concern is growing for financial decision-makers in the retail, wholesale, and food and beverage industries, researchers noted. Trade tensions between the U.S. trade war with China, for example.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

CFO Talks

AUGUST 29, 2024

For example, a retail business might invest in low-risk options like government bonds, which are safe and can be easily converted back into cash. Managing Risks Good treasury management also means protecting the business from risks like currency fluctuations or changes in interest rates.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

NOVEMBER 26, 2020

Although the Chinese calendar is different, the fourth quarter is filled with consequential retail events – such as Golden Week, New Year and the newest entrant, Singles’ Day , which has become so popular in the past decade that it was doubled this year. If the overall price comes out to be lower than the local pricing, that's a good deal.

eCommerce 113

eCommerce Foreign Exchange Entertainment Sales 113

PYMNTS

APRIL 22, 2020

Travelex , the British foreign exchange company, is seeking a buyer, the Financial Times (FT) reported. “As Travelex, which calls itself the world’s largest retail currency dealer, has had its own troubles. Travelex shares fell by nearly 10 percent on March 16, the morning before the FCA took its action.

Sales 78

Sales Foreign Exchange Currencies Communication 78

PYMNTS

SEPTEMBER 18, 2019

The company said that the API-led platform will let partners — including banks, retailers, credit unions and others — access payment and foreign exchange services through a single place. Services include cash management and cross-border payment and currency conversion across APIs.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

Future CFO

FEBRUARY 24, 2021

China, Hong Kong, Thailand, and the UAE will test central bank digital currencies in cross-border payments, according to a recent statement by the Hong Kong Monetary Authority (HKMA). The post China, HK, Thailand and UAE to test digital currency transactions appeared first on FutureCFO.

Currencies 40

Currencies Foreign Exchange Compliance Banking 40

PYMNTS

SEPTEMBER 18, 2020

She said that the “draft mode” of Stem’s platform allows for songs, as they are completed, to be uploaded into a dashboard that also delineates the collaborators and their splits (across currencies and international markets, too; Stem’s payments take into account foreign exchange or FX rates).

Foreign Exchange 125

Foreign Exchange Accounting Investments Manufacturing 125

PYMNTS

JULY 17, 2018

So-called stable coins, which are pegged to an asset, be it gold or currency, have been growing in popularity as companies try to expand the uses for cryptocurrencies. The tokens could be made available to retail investors in the next few months. Buyers of the digital token deposit U.S. ”

Foreign Exchange 73

Foreign Exchange Currencies Securities Retail 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. What are the signals saying when it comes to such areas as trade, currency risk and emerging market stability? China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

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. Retail inflation eased to 3.54% in July from 5.08% in June, versus a market consensus of 3.65%.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

SEPTEMBER 17, 2019

The new platform will feature an API-led platform to offer customers cash management , cross-border payments and retail currency conversion. Finablr launched a London initial public offering (IPO) in May under the ticker “FIN LN” after having a hard time finding investors.

B2B 60

B2B Foreign Exchange Currencies Cash Management 60

PYMNTS

SEPTEMBER 17, 2020

The retailer, which is largely owned by Walmart, Inc., Flywire will work with Mastercard to offer discounted foreign exchange rates for educational international tuition payments. Students will have the capacity to use their own currencies for payments via Mastercard debit or credit cards.

Foreign Exchange 61

Foreign Exchange Education Valuation Currencies 61

PYMNTS

JUNE 4, 2019

Under the agreement, Visa’s customers and banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform to provide in-demand services, including multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 55

Foreign Exchange Currencies eCommerce Banking 55

PYMNTS

JANUARY 8, 2018

Retailers and construction businesses are among the most pessimistic, the FSB found. —67 SMBs with foreign exchange (FX) requirements have been adversely impacted by FX volatility in the last year , found Bibby Financial Services (BFS) in its latest report. 67 percent of U.K. firms with 300 employees or fewer.

Foreign Exchange 51

Foreign Exchange Invoicing Currencies Construction 51

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. There’s at least some anticipation that foreign exchange (FX) remains a wild card that needs attention. and GBP/EUR could rise [toward] €1.15 [$1.30 USD] or higher.”.

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

JANUARY 10, 2020

News came this week that several banks based in the United Kingdom – including HSBC, Lloyds and Barclays – were essentially hobbled in their foreign exchange operations , rendered unable to take orders from end users (such as travelers) for foreign currencies. Ransomware , to be exact.

Foreign Exchange 52

Foreign Exchange Currencies Banking Sales 52

PYMNTS

APRIL 3, 2019

That idea doesn’t just apply to products like clothes, consumer electronics or toys, but to money, as demonstrated by the launch of an exclusive partnership , announced on Tuesday (April 2), between Western Union and discount retail chain Dollar General. We need to fight in the retail space. Our customers become more loyal.”

Foreign Exchange 61

Foreign Exchange Compliance Retail Currencies 61

PYMNTS

AUGUST 4, 2016

billion, just slightly above consensus and at 3 percent gains when measured by constant currency. Foreign exchange revenues were up mid-single digits, to 5 percent gains. The global B2B business, via the Business Solutions unit, was up 6 percent year over year in constant currency, and now, the segment is 7 percent of sales.

Foreign Exchange 40

Foreign Exchange Currencies B2B Sales 40

PYMNTS

MARCH 16, 2016

Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration.

Foreign Exchange 42

Foreign Exchange Banking Invoicing B2B 42

PYMNTS

AUGUST 2, 2019

The greenback and the hard currencies of developed economies (think Great Britain, Germany or Japan) take center stage and the lion’s share of headlines about currency movements. The bank will take that currency swap request, bundle it with scores of others from other business clients and send them to the central bank.

B2B 41

B2B Marketing Foreign Exchange Currencies 41

PYMNTS

JUNE 21, 2019

In the latest edition of the PYMNTS weekender, coverage includes the latest about PayPal and Google’s views about bank charters, a deep, analytical dive into Facebook’s new payments idea, a look at the new rise of pet retail and other stories you might have missed or simply want to review. Why Pets Are Pulling Retail Innovation’s Leash.

Foreign Exchange 40

Foreign Exchange Currencies Healthcare Forecasting 40

Future CFO

NOVEMBER 7, 2019

Retail investors will be allowed to invest up to $200,000 a year in foreign securities, without being required to invest via a Thai intermediary institution. Thai investors can trade gold in foreign currencies. There is no restriction on outward transfers, with the exception for a few specific purposes.

Benchmarking 52

Benchmarking Currencies Investments Securities 52

PYMNTS

JUNE 28, 2019

dollar, and currencies from more than 50 countries, through a local funds transfer. The Smarter Payments Tracker , a PYMNTS and InstaReM collaboration, is the go-to monthly resource for staying up to date on the development of a new global payments landscape in which the transmission of data is as valuable as the currency it accompanies.

Foreign Exchange 44

Foreign Exchange B2B Invoicing Nonprofit 44

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Adopting real-time business processes has led them to embrace real-time FX management.

Foreign Exchange 40

Foreign Exchange Risk Management Currencies B2B 40

PYMNTS

JULY 22, 2019

The company recently invested in the crypto storage company Anchorage , which safeguards investors’ digital currency and gives them more control over their assets. Their services include multi-currency wallets and real-time notifications on foreign exchange transactions.

Foreign Exchange 43

Foreign Exchange Currencies Transportation Securities 43

PYMNTS

DECEMBER 11, 2017

Today, that fuels a $23 billion USD eCommerce market: roughly 8 percent of all retail spending. ” Ensuring fair, timely payments in the local currency will be key to Amazon’s success in foreign markets, and that’s where Warrington believes Hyperwallet can help. Now, job number one for the Hyperwallet team Down Under.

Foreign Exchange 42

Foreign Exchange Currencies Problem Solving eCommerce 42

PYMNTS

JANUARY 31, 2020

Consumers win when they get to pay in their preferred currencies, and merchants win as they see higher conversion rates, he said. After all, hotels must pay suppliers, commissions to travel agents and other types of fees, which can well be international in scope — and, thus, become complex across currencies and conversion rates.

Foreign Exchange 44

Foreign Exchange Currencies Leverage B2B 44

Future CFO

SEPTEMBER 23, 2019

“Through a combination of gpi and domestic real-time payments networks, we together with gpi banks, will facilitate instant international payments with up-front fee and Foreign Exchange transparency for senders, while also ensuring ubiquitous availability of instant cross-border payments globally,” SWIFT said in a statement.

Foreign Exchange 40

Foreign Exchange Banking Currencies Technology 40

PYMNTS

JULY 8, 2016

With $3 million in new venture capital, Australia-based Airwallex is helping businesses pay and issue cross-border invoices in the currency of their choice. “It can take days for the money to reach its destination, and the transfer and foreign exchange fees are excessive and often prohibitive to SMEs.”

B2B 40

B2B Startups Foreign Exchange Invoicing 40

Barry Ritholtz

AUGUST 16, 2022

If you’re all interested in macro investing, trend following, commodities, currencies, fixed income, various types of quantitative strategies, and most important of all, risk management, you’re going to find this conversation to be absolutely fascinating. That’s the foreign exchange markets, and to some extent, commodities.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

PYMNTS

AUGUST 24, 2018

That means retailers and other companies need to up their risk management and hedging games — and do so before one crisis or another (a currency collapse in Turkey one week, who knows what next?) These long-term trends can derail a business irrespective [of] how they are performing in the local currency.”. Quantify Risk.

Risk Management 40

Risk Management Currencies Manufacturing Forecasting 40

PYMNTS

SEPTEMBER 13, 2017

We all know the lure of China’s consumers for retailers and merchants of all stripes and sizes operating across the globe. Real or imagined, some Chinese retailers are known to sell counterfeit goods, agreed Chen. That is a battle that we work together with the marketplaces to fight,” he told Webster.

Foreign Exchange 40

Foreign Exchange eCommerce Compliance Manufacturing 40

PYMNTS

JULY 20, 2016

“The entire foreign exchange market is based on monetizing the sending of currency,” he explained. Massaro also couldn’t help but touch on every retailer’s favorite app of the summer: Pokémon Go. “It’s only when you go to send money when the FX rates and fees get applied.

Foreign Exchange 40

Foreign Exchange Education Currencies Leverage 40

Global Finance

OCTOBER 31, 2024

Official media in July reported China Merchants Bank Chairman Miao Jianmin’s announcement of a strategic shift for his institution from “retail bank” to “value bank.” The institutional giant is accelerating its transformation into a new retail bank featuring efficient, data-driven interactions between its wholesale and retail operations.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Risk Management Manufacturing Banking 52

PYMNTS

JANUARY 6, 2017

But even while the merits of cryptocurrency get debated on exchanges, where buyers and sellers vote with their bids and asks, be thankful you’re not trading department stores — a retail currency that may be all but broken. One day, there may be a museum devoted to the retail concepts of yesteryear, now extinct.

Currencies 40

Currencies Foreign Exchange Sales Retail 40

PYMNTS

JULY 13, 2018

Bloomberg reports that currency fluctuations are likely, as the U.S. If the goal — at least from the Trump administration’s point of view — is to boost exports and reduce imports, the attendant wild card is foreign exchange rates. The currency seesaw. Thus, eventually, a retailer in the Heartland of the U.S.,

Currencies 40

Currencies Foreign Exchange Marketing Economics 40