The world of business and commerce has experienced tremendous change over the past five years — from the rise of the digital nomad, international online selling, increased cross-border trade, the sheer scale of migrant working, and the birth of the gig economy. With this change, payments have had to follow suit becoming "border agnostic" as businesses increasingly rely on country-to-country transactions.
Even through the pandemic, the global cross-border economy has continued operating efficiently behind the scenes. Despite physical borders closing, people have continued to move money without friction. Indeed, Mastercard's cross-border platforms have seen growth over 150% since January 2020.
This new normal would demand a pan-global supporting infrastructure to facilitate an improved, better way of doing business, which is acutely important when it comes to cross-border payments. The scale of the cross-border payments prize is considerable. Because of the sheer pace of innovation and the scale of global expertise required, collaboration with partners with global reach and proven ability in operating cross-border connectivity is advised — whether remittances, trade flows, or disbursements.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended August 11 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
TikTok launched a TV app for Amazon Fire TV - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a 27-year-old freelancer makes over $350,000 a year on Fiverr - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. hellodyuti But first, you must pay to read the article hellodyuti u should post her photo only not others hellodyuti TARDE POETICAMENTE LINDA, AMIZADE AMAVELMENTE INFINDA!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jeff Bezos' advice for making a big decision: decide in the morning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »