PayPal Holdings Inc.’s latest financial-institution collaboration emerged Monday with news that institutional clients of Citigroup Inc. will be able to make payments directly into PayPal digital wallets globally starting in the first quarter. The arrangement opens up for PayPal Citi’s WorldLink cross-border payments network, which will be used to connect …
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Visa Inc. is working fast to expand its foothold in cross-border remittances, a relatively new market for the card network. On Wednesday, MoneyGram International Inc. announced it is the first remittance service to allow international transfers that rely on Visa Direct, a push-payment service that enables real-time transfers to holders …
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Adoption of mobile-payment apps in the United States has been tepid, so the so-called “Pays”—Apple Pay, Google Pay, and Samsung Pay—have sought new features to spike consumer interest. The latest gambit comes from Samsung Pay, which on Thursday announced an integration that will allow U.S. users to send payments to …
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Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …
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Visa Inc. on Tuesday furthered its ambitions to expand beyond card payments with the commercial launch of a cross-border network that leverages blockchain technology to help manage business-to-business transfers. The network, called Visa B2B Connect, starts out with coverage of more than 30 so-called global trade corridors and plans to …
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Blockchain startup Bleumi Inc. announced Tuesday it has launched two services, Bleumi Pay and Bleumi Invoice, for cross-border remittances. Bleumi Pay, a gateway that works with so-called stablecoins to avoid the price volatility afflicting cryptocurrencies like Bitcoin. The gateway will allow businesses and merchants to receive payments via Web site, …
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