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Cross-borderpayment firm XTransfer and OCBC Bank have announced a partnership to provide small and medium-sized enterprises (SMEs) with enhanced financial services for international trade. The collaboration focuses on payment processing, foreign exchange, risk management, and wealth management solutions tailored to SMEs.
Morgan Stanley is teaming up with Wise to bring faster and smoother cross-borderpayments to its corporate clients, making it the first investment bank to integrate Wises globalpayments platform.
Among the global merchants accepting QR code payments via Alipay+, over 90% are SMEs, reflecting Ant Internationals focus on inclusive digital transformation. Alipay+ builds a broader digital payment and digitalisation ecosystem for other pillar businesses of Ant International.
Wise, the global technology company building the best way to move and manage the worlds money, today announced that it has been selected by Morgan Stanley , a leading global financial services firm, to facilitate Morgan Stanleys foreign exchange international settlement capabilities for its corporate customers.
Digital payment solutions company Thredd announced a partnership with globalpayments company LianLian Global to help the Singapore-based company launch its virtual card program in the APAC market. Luxembourg, Thailand, and Indonesia.
“Last month, we announced that MoneyGram began using On-Demand Liquidity for payments to the Philippines, and we’re excited to support MoneyGram’s further expansion into Europe and Australia,” said Brad Garlinghouse, Ripple’s CEO. Ripple provides enterprise blockchain solutions for globalpayments.
The wall that many new cross-border eCommerce entrants are running into at top speed is the failure to realize upfront what a massive undertaking it is to build global scale for seamless, secure, cross-bordersettlement.
The move into cross-border can be both an opportunity and a challenge for cross-border companies. As noted recently in this space during interviews with executives from Ingenico and Avalara, companies often need help with processing, cross-bordersettlement and tax collection services as they enter new markets.
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