Remove Currencies Remove eCommerce Remove Foreign Exchange Remove Numbers
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Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce

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While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Visa recently announced a new policy to help shoppers alleviate this pain point.

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

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Globalization and easing barriers to international expansion aren’t simply changing the way corporates manage foreign exchange exposure. This is especially true for SMEs who cannot run the risk of losing 30 percent of revenue on a currency depreciation.”. A recent controversy at American Express highlighted that risk for SMBs.

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TRENDING: The Uberization Of X-Border Receivables

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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.

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Sizzle Fizzle: Amazon And Western Union Sizzle, Phone Upgrades Fizzle

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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.

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Hyperwallet CEO: Supporting Payments For Amazon Sellers Down Under

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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.

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A Global Payments Study Guide For SMEs

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The movement toward globalization, for B2B and for SMEs, has a number of benefits. Foreign exchange takes its place as a central concern among SMEs looking to work in a cross-border environment. There’s the entrance into new markets and the ability to reach new customers.

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Netflix’s Failure With Hedging Provides Lessons For Digital Players

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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. They will start looking for those smaller advantages they can pick up as opposed to targeting the big numbers as they are used to doing.”.