Published Jun 24, 2020 Global payments are at an all-time high with revenues expected to hit $2 trillion by the end of 2020, according to McKinsey [1]. Per capita international transactions have risen to 0.7 annually from 0.5 in 2014. However, large enterprises, mid-sized corporations and financial institutions face several challenges when it comes to cross-border payments. … Continued
Published Aug 24, 2020 Picture this: a beautiful, cosy house, in a great neighbourhood — trimmed lawns, neighbours that mind their business, peace and quiet, but no roofing above the house. Sounds absurd, right? Now imagine again: an active, global-reaching marketplace with quality sellers and buyers, but no inclusive, accessible or reliable payout options. Sounds absurd … Continued
Published Aug 24, 2021 Online travel agents (OTAs) face many challenges – economic uncertainty, geopolitical fluctuations, airline strikes and climate issues are just some of the things that can hit their profit margins. Needless to say, the impact of Covid-19 is the biggest risk at the moment. While these challenges are not within the control of … Continued
Published Aug 25, 2021 Company Pelikin is a Travel Fintech start-up based in Melbourne, Australia. It’s committed to helping young travelers manage their money overseas, easily and transparently. Challenge Pelikin launched in December 2019 with a local bank handling their card issuance. When the pandemic hit, the start-up paused operations to “focus on the product, find some … Continued
Published Sep 1, 2021 Payment systems are often described as ‘rails’, which means platforms or networks that facilitate the movement of money between payers and payees. When a payment is initiated, and it’s not a simple cash transfer, the transaction will be completed via a complex flow of information between different payment parties. Rapid advances in … Continued
Published Sep 8, 2021 Most valuable feature of the gig economy is the short-term commitment to employer and employee relationship – but this feature also creates challenges for employers/businesses. It can hurt businesses by eroding company culture, removing valuable experience, and delivering inconsistent experiences to customers. To stay competitive, businesses need to do everything they can … Continued
The growth of online payments and digital commerce has led to the widespread adoption of virtual cards, a trend accelerated by COVID-19 and the increase in card-not-present payments. As a convenient and secure form of digital payment, virtual cards have much to offer both private users and businesses, and research suggests that total virtual card transaction value … Continued
Published Sep 13, 2021 Online travel agents (OTAs) operate on thin profit margins and must optimise their operations to protect and grow their businesses. One way is through payments, as inefficient payments systems can be costly and jeopardise customer experience – both of which will damage the bottom line. Below are five payment challenges for OTAs … Continued
Published Sep 27, 2021 Payment networks are going through a transformation; the growth in cross-border sales is driving a surge in global payments to keep up with the demands of the modern economy. A global payment footprint not only helps businesses unlock new revenue opportunities but also delivers improved customer experiences. Meanwhile, buyers get to enjoy an … Continued
Published Oct 1, 2021 Company TransferGo is a UK-based Fintech startup on a mission to shake-up the international money transfer sector. Frustrated by poor customer service, large fees and no online service options, its founders launched the firm in 2012 with the goal of making global money transfers as simple as sending a text. They now … Continued