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How Fashion eCommerce Payments Can Be Designed For Cross-Border Appeal

PYMNTS

The international eCommerce market grew to $412 billion by the end of 2019 — a 4 percent improvement over the previous year. Buyers used local payment methods for 77 percent of worldwide eCommerce in 2019, and that figure is projected to reach 82 percent by 2024. Cards can be critical to serving the U.K.

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Today In Payments Around The World: JD.com Works With China’s Central Bank On Cryptocurrency; US Users Rush To Get WeChat App

PYMNTS

JD.com Joins China’s Central Bank To Advance Digital Currency. JD.com has teamed with China’s central bank as the country gets ready to introduce digital currency. The eCommerce retailer has reportedly entered into a relationship with the People’s Bank of China (PBoC)’s Digital Currency Research Institute.

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UK’s Checkout.com Is Newest Member Of Libra Association

PYMNTS

In the past few years, we have witnessed from afar the birth of various digitally native currencies,” Checkout.com CEO and Co-founder Guillaume Pousaz said in a statement on Tuesday (April 28). “We The Libra Association recently overhauled the project and said it would launch several stablecoins, each linked to a country’s currency.

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How Airbnb, Lime, Turo, Fiverr And Newegg Are Using Instant Payments

PYMNTS

To better gauge the demand for instant payments PYMNTS interviewed five executives from various industries, ranging from gig economy to eCommerce, on how they are working to meet their customers’ and partners’ shifting payment needs. But offering payouts in real time and in different currencies is often easier said than done.

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Treasurers Beware: FX Risk Is Not What It Used To Be

PYMNTS

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs. The scope became very large.”.

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Main Street, Disbursements And QR Codes Top This Week's News

PYMNTS

The new way of paying would reportedly not necessitate near-field communication (NFC). Mastercard Leads New Central Bank Digital Currency Test Platform. Mastercard has unveiled a new Central Bank Digital Currency (CBDC) test platform. Berkshire Hathaway Sells $2.5B Stake In Wells Fargo. Trackers and Reports.

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Paytm Eyes Insurance Marketplace Coverfox

PYMNTS

It would mark the biggest acquisition for the Indian digital payments company that has emerged as a leader ever since India’s government took high-denominated currency out of the system and shifted to digital payments. The company counts Alibaba , the Chinese eCommerce giant, as a backer as well.