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PingPong Secures Payment License From Luxembourg Government

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Through the EU’s passporting system, the new license enables PingPong to operate throughout the continent, thus better facilitating eCommerce transactions between China and Europe through PingPong’s cross-border eCommerce payments services. It is the sole payment platform to focus exclusively on repatriating eCommerce revenue to China.

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

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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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eBay’s Head Of Payments On Localizing Buyer-Seller Experiences

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A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more. At the same time, eCommerce purchasing volumes are surging, with the month of April seeing a 23.5

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GE’s FX Payments Chief On Optimizing FX And Supply Chain Efficiencies

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At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. The average multinational firm works with six separate banks and six currencies. Cross-border online sales in the U.S.

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i2c President Says Blockchain Will Unlock Cryptocurrency

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To get a sense of just how hard it is for cryptocurrencies to gain, well, currency in everyday life, consider bitcoin, perhaps the granddaddy of cryptocurrencies — and still the 900-pound gorilla in the space, with roughly two-thirds of the market cap across the entire sector. Back in May, i2c Inc. The Demographics — And Digital Fiat .

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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

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Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites. Amazon itself does not handle the bitcoin, and it was not clear which financial institutions are converting it from crypto to fiat (real currency) so merchants can receive actual money. Fun, Odd and Edgy.

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Onyx CEO On Blockchain, The JPM Coin And Simplifying Payments

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Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. The ledger, tied to blockchain, allows banks to exchange data about payments, resolve compliance inquiries and validate accounts. The conversation took place against the backdrop where, late last month, J.P. Liink, J.P.