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FinTech Firms Combine KYB With KYC For Identity Verification

PYMNTS

Forex companies, in particular, move money as they change it from different currency types. 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.

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Why Africa Is eCommerce’s Next Great Frontier

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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.

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How Western Union Is Taking Global P2P Omnichannel

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Senders have 12 hours to settle their accounts at a Dollar General store, he said, adding that 99 percent of consumers do so within that time limit, which is governed by compliance issues. It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

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PingPong Global: Serving Up China’s Sellers For Global E-Commerce Marketplaces

PYMNTS

Enter PingPong Global , which makes it easier for SMBs, manufacturers and global brands to collect cross-border payments from customers across eCommerce marketplaces as ubiquitous as Amazon, Wish and NewEgg. PingPong Global maintains that it has solved that complex part of the SMB business for its marketplace partners in the Chinese economy.

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Hyperwallet CEO: Supporting Payments For Amazon Sellers Down Under

PYMNTS

Today, that fuels a $23 billion USD eCommerce market: roughly 8 percent of all retail spending. Amazon has long been recognized as a pioneer in the world of eCommerce usability,” said Simon Banks, Hyperwallet’s Asia Pacific managing director, in a press release. Be the regulatory and compliance safety net.

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Taking Cross-Border Payments From Telegraph To API

PYMNTS

An estimated 94 million online shoppers are expected to spend $1 trillion on cross-border eCommerce by 2020. Western Union’s RESTful API enables users to send up to 10,000 payments in multiple currencies using a single API call and offers users real-time payment tracking to keep tabs on the status of their transactions.

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