Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry. Denmark's A.P.
By Nikolaj Skydsgaard COPENHAGEN, Oct 25 (Reuters) – Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry. Show More Summary
Payments used to be a simple one-on-one transaction. You'd hand cash to a clerk in exchange for whatever goods you needed, and that was that. But today, the payments ecosystem has evolved into a complex global machine. This world ofShow More Summary
Buy global, pay local -- companies like Uber use Adyen to make payments easy from around the world.
The US payments ecosystem is in the midst of a shift toward mobile, and countless new and old stakeholders are attempting to accelerate this migration, which is moving at a glacial pace relative to other markets globally. But mobile payments can rise to the mainstream. Show More Summary
He vowed to “cancel the Paris Climate Agreement and stop all payments... to U.N. global warming programs.”
In truth, the global electronic payment market is far thornier than its products would make it seem.
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Despite widespread global awareness of digital financial services such as mobile payments and personal finance...Show More Summary
In Part V, we noted that since we discussed Basware last in 2014 — where we covered their invoice and payment plan capability, their Basware Commerce Network (BCN), supplier/buyer portal, and their analytics offering — Basware has continued development in each of these areas and their invoice, spend analytics, and payment plan capabilities are quite […]
When we last discussed Basware two years ago, we did a deep dive into their solution, particularly with respect to their invoice and payment plan capability, their Basware Commerce Network (BCN) and supplier/buyer portal, and their analytics offering. You can review this coverage in our four part series: Part I, Part II, Part III, and […]
JERUSALEM, Oct 5 (Reuters) – Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it had agreed to defer $115 million of upcoming payments to creditors until 2018. Zim said in its...Show More Summary
Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it was planning to defer $115 million of upcoming payments to creditors until 2018. Zim said in its second quarter report that it had…
Remitware Payments Inc. announced completion of it’s seed round with a fund raise of US$ 1mn. The investor pool is a mix
SAN FRANCISCO — Align Commerce says it can offer small business owners the ability to make international payments as easy as sending an email and at half the price of traditional banks. Founder and CEO Marwan Forzley says the San Francisco-based startup's payment volume is doubling every month, based largely on customer referrals. Show More Summary
The global payments landscape is rapidly evolving and growing thanks to the world becoming more and more composed of "global citizens." For example, a customer in Nigeria using their smartphone can purchase clothing from an e Commerce...Show More Summary
The U.S. is objectively behind countries like Australia in digital banking "by whatever metric you choose," according to Stripe cofounder John Collison, but that head start may not last forever. As president of a global payment company,...Show More Summary
Capgemini, a global leader in consulting, technology and outsourcing, in association with it’s banking partner BNP Paribas published it’s 12th edition of “WORLD PAYMENTS REPORT”. The report brings out some very interesting findings about...Show More Summary
BANGKOK (Reuters) - The Thai capital of Bangkok has beaten London to be crowned the world's most popular travel destination this year, according to an annual ranking by global payments and technology company Mastercard released on Thursday.
Global payment technology company First Data announced on Monday that it has launched what it describes as the “first fully integrated Bluetooth payment card reader.” With its very own contactless reader, the Clover point-of-sale system will now have a single device from which participating merchants can accept payments through card swipes, EMV, and NFC transactions — […]
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. The Society for Worldwide Interbank Financial Transfer (SWIFT), which is used by global banks and large companies...Show More Summary