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Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-borderpayment volumes have taken a hit. Providing Payer Certainty. The need to purchase goods and services remains as high as ever, and increasingly, spend is occurring on an international scale.
China paymentcardissuer UnionPay is stepping into the market with prepaid cards for corporates and consumers, the company announced this week. 9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K. and broader into Europe.
Traditional bank transfers remain, by and large, the most common way businesses pay each other internationally, according to the latest research from global payments firm Saxo Payments. Credit cardissuers, too, are frustrated with cross-borderpayments. What can be deduced from all of this data?
For businesses looking at paying with a credit card, there are often reward schemes and low-interest rates designed to attract businesses with special B2B credit card solutions offered by Visa, Mastercard, and most other cardissuers. Payments work by giving the payer a link to complete the transaction.
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. Direct Competition.
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