Share info on banks offering rupee trade: Fieo to RBI
CFO News
MAY 4, 2025
This enables exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
CFO News
MAY 4, 2025
This enables exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market.
PYMNTS
JULY 10, 2019
FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. The service automatically extracts data from invoices, PDFs and other trade documents and automates accounts payable while storing payables information for reconciliation and accounting.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
AI In Accounting: A Practical Roadmap For Smarter AP
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026
Your Accounting Expertise Will Only Get You So Far: What Really Matters
PYMNTS
MAY 20, 2019
TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect platform for U.S. In a press release , TransferMate said its Global Invoice Connect Platform enables U.S. based international businesses.
PYMNTS
DECEMBER 20, 2017
Along with its parent company, Cambridge Global Payments, Global Exchange is introducing Invoice Automation Solutions, a new service for businesses across industries that will be added into the Cambridge Global Payments offering.
PYMNTS
JANUARY 16, 2019
based challenger bank, is expanding its existing partnership with digital payments company PrePay Solutions (PPS) to add corporate accounting and invoicing to its platform. 15), Coconut pointed to sole traders making the shift to become limited companies as a use case that could particularly gain from the new account and invoicing tool.
PYMNTS
DECEMBER 15, 2017
Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. He stated that breadth only emphasizes the magnitude of the challenge that businesses looking to conduct commerce outside their own domestic market encounter.
Global Finance
OCTOBER 11, 2024
million small-business clients, the bank broadened its suite of payment acceptance offerings, including invoicing and a tap-to-pay option allowing merchants to accept card payments via their mobile devices. Throughout 2023, JPMorgan Chase raised $2.3 A Rocky Road The world dodged a global recession in 2023 as global output growth shrank to 3.3%
PYMNTS
JANUARY 9, 2018
UnionPay International is expanding its support for cross-border B2B payments through an integration with wholesale eCommerce market Yiwu Market, based in China. Yiwu Market is the largest commodities wholesale market in the world. Yiwu Market is the largest commodities wholesale market in the world.
PYMNTS
NOVEMBER 20, 2020
Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. Cross-Border Headaches. But at the end of the day, it always goes up to the parent entity.".
Global Finance
OCTOBER 31, 2024
million in pretax profits in 2023, and a presence in 20 markets on the continent and four global centers—empowering SMEs means fueling Africa’s economic development. Its home market of Nigeria is a poster case. billion, giving Banreservas a 28% market share. For UBA—boasting $20 billion in assets, $454.2
PYMNTS
NOVEMBER 6, 2018
In an interview with Karen Webster of PYMNTS, Karl Schamotta, who serves as chief market strategist at Cambridge Global Payments, said we’re living in a new age. Fluctuating foreign exchange rates are a relatively new phenomenon,” he told Webster. “It In other words, more businesses are doing more business across borders.
PYMNTS
OCTOBER 28, 2020
OpenEnvoy Launches To Provide B2B Invoice Auditing. To help businesses only pay for what they have agreed to buy, OpenEnvoy has been established to offer invoice auditing without intervention. OpenEnvoy contrasts invoices to originating proposals, purchase orders, estimates or bids. 27) announcement.
PYMNTS
NOVEMBER 16, 2020
The global trading markets are in flux, and it's not only the COVID-19 crisis influencing international supply chains. Ongoing trade wars and rising costs of doing business in certain markets have manufacturers and other businesses adjusting where they operate and with whom. A Shifting Market. Currency Conversion Headache.
PYMNTS
DECEMBER 17, 2019
As open banking frameworks take root in more markets around the globe, the model of data integration continues to also take shape in the business financial services market, particularly impacting micro- and small businesses (and the FinTechs that service them). “FX is a complicated area,” added Cran.
PYMNTS
OCTOBER 26, 2018
Targeting China’s SMB community, XTransfer provides cross-border payments, collection and foreign exchange solutions, with its eye fixed on exporters. million to eight local FinTech startups, including Nisa Finance , an invoice financing platform. The company — which has offices in Hong Kong, Japan, Canada, the U.S.
PYMNTS
DECEMBER 24, 2020
Companies must smoothly manage everything from initial orders and invoicing to product delivery and the notification of payment receipts to complete it, making it a long and cumbersome procedure with a great deal of room for error. The order-to-cash (O2C) process is inherently complex.
PYMNTS
DECEMBER 1, 2020
FinTech firms Cobase and Ebury are now working together to roll out Ebury's foreign exchange services on Cobase's multi-banking platform, according to a press release. Cobase Head of Financial Markets and Risk Solutions Joost Kevelam said the companies' aim "is to make multi banking simple.". "By
PYMNTS
JANUARY 8, 2018
Half of SMBs said they plan to increase investment in marketing, and 39 percent said they are gearing up to release new products or services this year. A third said they plan to expand into new markets. 62 percent of invoices sent by U.K. Those invoices were worth a collective $28.5 s Federation of Small Business (FSB).
PYMNTS
AUGUST 7, 2020
You need to do regulatory monitoring on it for anti-money laundering and, depending on [the country in which] you’re making the payments, you need to ask if there are any foreign exchange transaction fees. There is more talent than ever in the market right now.
PYMNTS
SEPTEMBER 17, 2020
Customers will be able to move funds "seamlessly" according to the release, and the foreign exchange pricing will be based on interbank rates. According to Coates, Oxbury's platform works as both a banking platform and an invoice management portal. ClearBank's capabilities make it doable for Oxbury Bank to loop into U.K.-based
Simply Treasury
SEPTEMBER 9, 2020
Today, not being of " investment grade " quality is an enormous handicap in the bank lending market. The bond market would appear to compensate for this lack, as do stock-market issues, although these are on the decline or still at an exceptionally low level, after a financial earthquake unique in the history of modern finance.
PYMNTS
DECEMBER 4, 2019
The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually embraced the new market entrants with partnerships and acquisitions to bolster their own small business lending activity. The Right Service Combination.
PYMNTS
MARCH 6, 2019
Much of the operations are limited by the time zone/region and cutoff times for various markets,” he said. Arm’s length transactions for intercompany loans, for example, can be proved by time stamping the [foreign exchange (FX)] rate from a trusted third party, and then via smart contracts auto-settling at maturity,” he said.
PYMNTS
JUNE 28, 2016
The Brexit vote has tossed the small business community into the headwinds of foreign exchange volatility, and U.K. According to Western Union Business Solutions head for APAC, Middle East and India operations Simon Glendenning, Hong Kong deserves some attention when it comes to corporate foreign exchange management.
PYMNTS
FEBRUARY 6, 2019
SMBs can receive protection in case their corporate customers become insolvent or file for bankruptcy, or are unable to pay their invoices, according to Waldorf Trade Risk. Insuring against the risk of non-payment of outstanding invoices can support small businesses’ access to financing, the company noted. ” .
PYMNTS
MARCH 23, 2020
Work may be global, but payments are personal, and the divide between the two can cause frictions for freelancers who live and pay bills in one market but work for companies that operate and process payrolls in another. These workers will likely still expect fast payments regardless of the markets in which their employers are based.
PYMNTS
JUNE 11, 2020
To help middle-market firms automate each of their accounts payable (AP) procedures on one platform, MineralTree has unveiled “end-to-end” multi-currency functions. Foreign exchange (FX) rates are set into place at the time the payments are set into motion, and MineralTree said users save on wire fees compared to historical methods.
PYMNTS
MAY 13, 2020
While the pandemic has created unique circumstances of immeasurable strain and pressure on the global market, it’s also emboldened many to rise to the occasion and ensure business continues to flow with as little disruption as possible.
PYMNTS
MARCH 16, 2016
Foreign currency payments firm Midpoint got a bit closer to its small business accounting partner, Xero, this month when it revealed that not only had they extended their collaborative ties but that Midpoint would also be adding a “Pay Now” button to invoices sent through Xero. Collaboration.
PYMNTS
JULY 8, 2020
The combined technologies of the two companies let clients quickly put virtual accounts, collections, foreign exchange (FX) services and payments into place, the announcement states. It is an exciting partnership as we develop our offering and continue to innovate together.”
Global Finance
JULY 26, 2024
Despite a generally positive outlook, foreign exchange risks remain. Clients in Brazil and Mexico can optimize working capital with Intelligent Receivables—powered by artificial intelligence—a collections tool and invoice matching tool that achieves straight-through processing metrics into the 80-90 percentile range.
PYMNTS
JANUARY 19, 2021
Britain’s government is planning to shore up the Prompt Payment Code to make it so that 95 percent of invoices for SMBs need to be paid within 30 days. If the firm decides to go ahead, the public offering could be the biggest market debut ever made by a Southeast Asian firm on a foreign exchange.
PYMNTS
FEBRUARY 5, 2020
As the traditional payroll functions recede into the background, handling huge volumes of invoices — for platforms, that can mean thousands of invoices — becomes unwieldy. For the companies that pay these workers, sometimes globally and across currencies, managing accounts payable (AP) processes is quickly becoming a complex endeavor.
PYMNTS
JULY 9, 2020
With its solution designed to address friction in supplier commercial card acceptance, Nium ‘s InstaReM brand announced the expansion of BizPay into a new market: Australia. dollar to move funds across borders without bank intervention — and thus, without foreign exchange (FX) fees and other markups.
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. Only 4 percent of India’s 1 billion population regularly shops online, which leaves an enormous untapped market for bitcoin purveyors. From Lights To Lightning.
PYMNTS
MARCH 30, 2017
formally began its exit from the European Union by triggering Article 50, which is likely to have widespread impact across markets. Many small British businesses make invoice payments, pay salaries and manage their treasury accounts overseas.”. On Wednesday (March 29), the U.K. small businesses.
PYMNTS
JULY 26, 2016
Invoice mistakes are costly. For many organizations, errors across the accounts payable and accounts receivable processes can range from mismatched data between invoice and purchase order to misstated prices, often attributed to manual data entry. Misinvoicing can occur anywhere, but UNCTAD focused on a few particular markets.
PYMNTS
NOVEMBER 16, 2018
The star of this week’s roundup is undoubtedly data: Two Robotics Process Automation (RPA) companies focusing on enterprise data analytics and automation landed a combined $565 million, while other high-value rounds were closed in the workspace sharing and asset-based lending markets. Automation Anywhere.
PYMNTS
AUGUST 18, 2016
The world market may no longer be in panic mode following the U.K.’s Earlier this week, for instance, Hitachi Capital Invoice Finance pointed to threats within global supply chains stemming from the economic uncertainty over Brexit. Foreign exchange payments and hedging company Global Reach Partners (GRP) might be one of them.
PYMNTS
AUGUST 25, 2016
PayPal has only recently launched its B2B payments services through a few partnerships aimed at facilitating invoice payments. The service enters the market the same day that PayPal announced another offering to SMEs dealing with cross-border transactions. Reports on Wednesday (Aug.
PYMNTS
NOVEMBER 3, 2020
He added that “higher quality” companies are likely to tap the equity markets. FLEETCOR is also looking at areas “adjacent” to payments, Greene said, such as technologies that can help customers figure out how much to pay suppliers or check to make sure invoices get approved. People want to wait until the recovery happens.”.
PYMNTS
MAY 5, 2016
The service providers negotiate foreign exchange rates with other cross-border payment service providers, reports added. CSI globalVCard Managing Director Jason Kolbenheyer said CSI globalVCard’s corporate clients can see up to a 10 percent reduction in their FX spend by using this exchange rate negotiation service. “As
PYMNTS
JUNE 26, 2020
The company, formed in 2018, calls itself the “Payment Hub of the New Economy,” and wants to provide “comprehensive functionality, improved economics and quicker time to market” during the increasingly complex payments world of today, the release says. CEO Patricia Montesi said the structure is “holistic.”.
PYMNTS
JULY 10, 2019
Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Plus, those back office platforms aren’t always integrated with each other, either.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content