PYMNTS

FEBRUARY 13, 2019

Western Union has rolled out a new payment option that will let international Amazon.com customers pay in their respective country’s currency, the company announced in a press release. It will automatically process “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 65

Foreign Exchange Currencies eCommerce Leverage 65

PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. Hedging — as in preparing for currency fluctuations and other factors — is something that eCommerce firms need to embrace, too, as another PYMNTS story demonstrates.

Risk Management 40

Risk Management Currencies Foreign Exchange eCommerce 40

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). Currency Conversion Headache. Across Asia, Theaud explained, invoices are often issued in U.S.

Foreign Exchange 56

Foreign Exchange Currencies B2B Manufacturing 56

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

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

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

JANUARY 30, 2019

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.

Foreign Exchange 74

Foreign Exchange Compliance Startups Currencies 74

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 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

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

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

SEPTEMBER 14, 2018

Foreign exchange solutions company OFX is expanding its services in the U.K. 13) that its Global Currency Account is now available to importers and exporters in the U.K. The service targets businesses trading online across borders, providing a platform to manage multiple currencies in a single solution.

Accounting 40

Accounting Foreign Exchange Currencies eCommerce 40

PYMNTS

SEPTEMBER 17, 2019

Consumers and corporate clients want to pay for services in their local currencies, and neither think twice about the processing companies’ difficulties. We [currently] have an eCommerce environment that’s fairly basic,” Schramm said. “By Money may be a universal language, but it has its local quirks. Going Local in the Global Economy.

Currencies 43

Currencies Foreign Exchange eCommerce Marketing 43

PYMNTS

APRIL 3, 2019

The deal with Western Union follows another program, announced last month, that enables international Amazon customers to pay in their respective country’s currency. It automatically processes “foreign exchange, settlement and money movement requirements for international eCommerce transactions,” the company said.

Foreign Exchange 61

Foreign Exchange Retail Compliance Currencies 61

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 2, 2018

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. But for about for about one-third o f the world’s adult population ( 1.7 percent per year.

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

DECEMBER 11, 2017

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.

Foreign Exchange 42

Foreign Exchange Currencies Problem Solving eCommerce 42

PYMNTS

APRIL 27, 2016

Foreign exchange takes its place as a central concern among SMEs looking to work in a cross-border environment. On the supplier side,” he said, “it is transport and manufacturing” where there is desire and opportunity “to expand across multiple currencies … but margin is critical. “On

Foreign Exchange 40

Foreign Exchange B2B Currencies Transportation 40

PYMNTS

NOVEMBER 7, 2019

“The bar these days is to have a full complement of local payment methods, and the relevant currency in each market,” he told PYMNTS of the challenge in cross-border recurring payments. . “There is a huge amount of growth in the recurring business model globally,” he told PYMNTS’ Karen Webster.

B2B 40

B2B B2C Foreign Exchange Invoicing 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

PYMNTS

JULY 30, 2018

dollar was not good for Netflix in the second quarter, and the company’s experience (or lack thereof) with currency hedging holds lessons for other participants in the digital economy. What’s good for the U.S. Volatility is inherent in business,” he said during the interview, “and as soon as you are selling outside the U.S.,

Currencies 40

Currencies Foreign Exchange Risk Management Treasury 40

PYMNTS

JUNE 15, 2017

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.

B2B 70

B2B Foreign Exchange Compliance Leverage 70

PYMNTS

AUGUST 17, 2018

Markets and currencies can fluctuate in seemingly strange ways, sucking profit from the season’s labor. That said, unlike most manufacturers — and, apparently, most eCommerce operators, including Netflix — the seafood industry is not yet up to speed on hedging against currency fluctuation, he said. “A Hedging Laggards.

Risk Management 40

Risk Management Foreign Exchange Manufacturing Currencies 40

PYMNTS

SEPTEMBER 13, 2017

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.

Foreign Exchange 40

Foreign Exchange eCommerce Compliance Manufacturing 40

PYMNTS

SEPTEMBER 19, 2019

Knowing where and how much cash there is across various legal entities, countries and currencies is crucial. The growth in eCommerce transcends all industry verticals. Cash management becomes a continuous process, throughout the business day. And now we are verging toward a fully real-time world.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

JULY 2, 2018

The new card partnership, however, is not Amex and Amazon’s first collaboration — they had previously worked together on an earlier initiative to enhance small businesses’ access to spend data when making purchases on Amazon Business, Amazon’s B2B eCommerce unit.

Foreign Exchange 41

Foreign Exchange Banking Reconciliations Technology 41