PYMNTS

JUNE 22, 2020

It would also have to find a way to ensure that its payments processes are compliant with the country’s regulatory requirements and that the process accounts for the cost of foreign exchange (FX) rates. This is a set of logistical difficulties with which eCommerce marketplaces like eBay are all too familiar.

Foreign Exchange 92

Foreign Exchange eCommerce Accounting Marketing 92

PYMNTS

FEBRUARY 18, 2020

18) that it would improve its Sri Lanka operation with the launch of a new digital foreign exchange (FX) program, reports said. eCommerce customization has been transforming payments currency. Deutsche Bank announced on Tuesday (Feb. dollars — as the custom has been for years.

Foreign Exchange 60

Foreign Exchange Banking Currencies B2C 60

PYMNTS

NOVEMBER 12, 2020

The bank will implement kACE Treasury's foreign exchange pricing and distribution capabilities through its own eCommerce platform, noting that the technology will integrate directly into mBank's existing treasury systems. ThinCats Links Up With Open Banking FinTech Salt Edge. In the U.K.,

Banking 88

Banking Treasury Foreign Exchange Risk Analysis 88

PYMNTS

MARCH 26, 2019

Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. What all of these challenges mean is that even when an organization decides to implement a foreign exchange management strategy, unexpected problems can still arise.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

DECEMBER 20, 2020

and European markets, has adjusted its platform to fit with the unique regulations, customs and practices of Indian banks and the country's foreign exchange control regime, the report says. He said Jumbotail's effort included a new digital eCommerce portal which the businesses can use to digitize operations.

Foreign Exchange 64

Foreign Exchange B2B eCommerce Manufacturing 64

PYMNTS

FEBRUARY 13, 2019

It will automatically process “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said. Cross-border shopping will represent 20 percent of eCommerce by 2022, according to a study by Forrester Research , and sales will reach $630 billion.

Foreign Exchange 65

Foreign Exchange Currencies eCommerce Leverage 65

PYMNTS

JULY 30, 2019

One of the three licenses was granted to Rakuten International Commercial Bank, which is operated by Japanese eCommerce firm Rakuten Inc and Taiwan’s IBF Financial Holdings. A license was also granted to LINE Financial Taiwan, led by Japanese app operator LINE Group.

Banking 69

Banking Foreign Exchange eCommerce Marketing 69

PYMNTS

JANUARY 14, 2019

Africa as next great eCommerce frontier? You can imagine how all of these factors will come together to drive eCommerce across the region.”. The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates.

eCommerce 85

eCommerce Foreign Exchange Accounting Banking 85

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

NOVEMBER 16, 2020

Across Asia, an ongoing boom in global eCommerce volume, coupled with a convergence of market conditions, has made cross-border B2B trade a booming business — and a potentially lucrative one for small and medium-sized enterprises (SMEs). One of the biggest challenges in cross-border trade for any kind of business relates to foreign exchange.

Foreign Exchange 56

Foreign Exchange Currencies B2B Manufacturing 56

PYMNTS

JANUARY 30, 2019

GDC, for instance, started out with a solution set for know your customer (KYC) in an eCommerce use case where the company was conducting high-velocity ID verification. Then the first money laundering directives came out, which started to mandate more and more in the realm of customer due diligence, so the company added a compliance check.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

PYMNTS

MAY 22, 2019

WeChat Pay is a unit of Tencent’s popular WeChat mobile messaging platform, while Alipay is operated by Ant Financial, an affiliate of Chinese eCommerce giant Alibaba. Any digital transaction made with unregistered foreign payment systems like WeChat Pay and Alipay is illegal,” Niroula told Reuters. “Any

Foreign Exchange 63

Foreign Exchange eCommerce Banking Accounting 63

PYMNTS

JUNE 30, 2019

And also in June, one day before the Libra news broke, MoneyGram and Ripple struck a two-year strategic partnership to use Ripple’s xRapid product and leverage the XRP cryptocurrency for foreign exchange settlements in MoneyGram’s cross-border payments.

B2B 109

B2B Currencies Foreign Exchange Transportation 109

PYMNTS

OCTOBER 6, 2016

. “Business uptake of mobile payments is gathering significant pace, as the functionality and flexibility of this channel gains trust and acceptance in finance and treasury departments globally,” said HSBC Global Head of eCommerce, Global Liquidity and Cash Management Nadya Hijazi.

Foreign Exchange 63

Foreign Exchange Cash Management Reconciliations B2B 63

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

JANUARY 9, 2018

UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. The eCommerce market exports to the Middle East, Europe, Central and South America and Africa. According to a press release issued on Monday (Jan.

B2B 47

B2B Marketing Foreign Exchange eCommerce 47

PYMNTS

AUGUST 24, 2018

Consider it one of the main lessons to come out of the second quarter earnings season: Hedging — as in preparing for currency fluctuations and other factors — is something that eCommerce firms need to embrace, too. Cross-border operations can expose companies to an array of risks, including foreign exchange risk.

Risk Management 40

Risk Management Foreign Exchange Currencies eCommerce 40

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. But on a more commercial note, Indians are expected to spend as much as $1.7

Currencies 99

Currencies Foreign Exchange eCommerce Banking 99

PYMNTS

DECEMBER 9, 2020

With B2B eCommerce now a booming segment thanks to accelerated digitization in the last year, cross-border trade volume is expected to rise. Small- to medium-sized business ( SMB ) buyers and sellers are facing fewer barriers to enter the market thanks to the rise of digital marketplaces and eCommerce-as-a-Service technology solutions.

B2B 64

B2B Foreign Exchange eCommerce Finance 64

PYMNTS

NOVEMBER 2, 2020

The PBOC, the China Banking and Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange said in a brief statement, per FT, that they had “conducted regulatory interviews with Ant Group’s actual controller Jack Ma, Chairman Eric Jing and Chief Executive Simon Hu.”.

Foreign Exchange 52

Foreign Exchange Investments eCommerce Banking 52

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. We've suffered losses with the company.

Healthcare 98

Healthcare Treasury Foreign Exchange Economics 98

PYMNTS

DECEMBER 27, 2019

Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. China is in the midst of planning the development of its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE). percent from last year.

Sales 52

Sales Retail Accounts Payable Foreign Exchange 52

PYMNTS

FEBRUARY 26, 2020

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).

Foreign Exchange 52

Foreign Exchange B2C Leadership B2B 52

PYMNTS

JANUARY 23, 2020

Benefits include stock trading without commission fees, unlimited foreign exchange, worldwide travel and medical insurance and no-fee ATM withdrawals up to £600 per month. Disposable virtual cards are also offered as another weapon to fight eCommerce card fraud.

Foreign Exchange 53

Foreign Exchange Startups eCommerce Accounting 53

PYMNTS

OCTOBER 22, 2020

This could lead to more buyers to start using B2B eCommerce sites to secure items, and these marketplaces are expected to facilitate $3.6 trillion worth of sales by 2024. Find more about these and all the rest of the latest headlines in the Playbook.

Invoicing 63

Invoicing B2B Foreign Exchange Accounts Payable 63

PYMNTS

SEPTEMBER 14, 2018

Foreign exchange solutions company OFX is expanding its services in the U.K. eCommerce customers,” Malcolm continued. “We Reports in Tamebay said Thursday (Sept. 13) that its Global Currency Account is now available to importers and exporters in the U.K.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40

PYMNTS

SEPTEMBER 13, 2018

In a new PYMNTS interview , Karl Schamotta, regional director of risk management solutions at Cambridge Global , which sells currency hedging and related services — tasks that have recently assumed greater importance in eCommerce and other industries because of the stronger U.S. The environment is a lot more unpredictable.”.

Risk Management 40

Risk Management Currencies Foreign Exchange eCommerce 40

PYMNTS

OCTOBER 26, 2017

Understanding the preferred, locally sourced alternative payment methods (APMs) can make or break a merchant’s eCommerce initiative, and credit cards do not always pass muster. acquirers to help eCommerce sites brand well beyond their companies’ domestic stomping grounds. The company is partnering with U.S. Of that, U.S.

Reconciliations 40

Reconciliations Foreign Exchange eCommerce Sales 40

PYMNTS

AUGUST 29, 2018

company holding foreign currency is at constant risk of losing money: If the foreign exchange (FX) rate between the currency and the greenback falls, so does that company’s profits. Hedging Rise. As the new PYMNTS International Payments Playbook discusses in depth, a U.S.

Currencies 46

Currencies Foreign Exchange Profit and Loss Banking 46

PYMNTS

FEBRUARY 18, 2020

eCommerce fraud losses, including those experienced by banking services, are projected to reach $48 billion annually by 2023, with synthetic identity theft representing a major source of loss for FIs.

Foreign Exchange 52

Foreign Exchange Reconciliations Compliance Banking 52

PYMNTS

NOVEMBER 8, 2017

What lessons can foreign exchange (FX) service providers take from the Uber playbook? The service is aimed at promoting eCommerce by providing multi-currency contactless payment options, making it simpler for travelers to make payments and for local businesses to accept them. Foreign exchange providers are no different.

Foreign Exchange 40

Foreign Exchange Healthcare Currencies eCommerce 40

PYMNTS

NOVEMBER 11, 2019

a month, customers will have access to 10 percent off two big shops up to £200 each; 10 percent off customers’ favorite Tesco brands at all times; double data on a monthly contract for new and existing Tesco Mobile customers; and exclusive access to apply for a Tesco Bank credit card with no foreign exchange fees. percent) of U.S.

Foreign Exchange 48

Foreign Exchange Retail eCommerce Banking 48

PYMNTS

DECEMBER 31, 2020

Add in the current climate of heightened geopolitical uncertainty, trade disputes, foreign exchange volatility and regulatory complexities, and corporate treasurers have their work cut out for them, often with reduced budgets and slim staffing. The other is technological innovation. Purchases, events and trips are being canceled. “We

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

PYMNTS

AUGUST 14, 2018

Its AxCore technology is being used in a variety of markets, including complex derivatives and high-volume foreign exchange. H&M Brings Visual Search To Upgraded eCommerce Site. Shoppers at H&M can search for an item by using an image.

Foreign Exchange 40

Foreign Exchange Numbers Banking Retail 40

PYMNTS

OCTOBER 10, 2017

IBSFINtech provides software to support companies’ treasury and foreign exchange management. eCommerce marketplace Snapdeal and news platform Times of India are among some of IBSFINtech’s current users, according to VCCircle. IBSFINtech noted it plans to use the funds for research and development.

Treasury 40

Treasury Startups Foreign Exchange Management Consulting 40

PYMNTS

APRIL 3, 2019

It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said. The Western Union service works in conjunction with Amazon’s cross-border payment option, Amazon PayCode. Digital Expansion.

Foreign Exchange 61

Foreign Exchange Retail Compliance Currencies 61

PYMNTS

SEPTEMBER 17, 2019

Mike Schramm, director of global eCommerce for California-based SaaS video conferencing provider BlueJeans , noted that this can be an arduous task for many firms, especially since customers have both preferred payment methods and currencies. We [currently] have an eCommerce environment that’s fairly basic,” Schramm said. “By

Currencies 43

Currencies Foreign Exchange eCommerce Marketing 43