Paying a global workforce can be a major challenge for businesses because of the various currencies, complex tax and labor laws, and reimbursing business expenses. According to a PYMNTS Intelligence report, “Cross-Border Payroll and Contractor Payments,” 47% of firms surveyed said that managing taxes is...
Payments network MoneyGram says it has launched a partnership with Plaid. The collaboration, announced Thursday (April 17), lets MoneyGram customers in the U.S. use Plaid’s technology to help authenticate their bank accounts, allowing for faster and more secure funding for both domestic and cross-border payments. “The MoneyGram network moves money...
Western Union is looking to grow its new Media Network business by partnering with Magnite, an independent sell-side advertising company. The financial services company will use Magnite’s technology to buy media as an advertiser and to monetize its owned media, the companies said in a...
PayPal and TerraPay are teaming to promote cross-border payments in the Middle East and Africa (MENA). The partnership, announced Tuesday (April 15), is designed to speed cross-border money movement, while making payments more accessible by connecting banks, mobile wallets and financial institutions. “The Middle East and Africa are at the...
Velera and Early Warning Services, the company behind Zelle, are partnering to broaden real-time payment offerings for small financial institutions. The agreement is designed to bring Zelle’s peer-to-peer (P2P) services to minority depository institution (MDI) credit unions, expanding their access to cutting-edge payment solutions and...
HSBC is reportedly considering getting into the private credit market. The global bank has discussed potential partnerships with private credit firms, although the talks are at various stages and may not result in formal collaborations, Reuters reported Friday (April 11), citing unnamed sources. HSBC did...
Uber Advertising launched a partnership with Instacart’s Carrot Ads. Via the collaboration, Uber will use Carrot Ads in the United States to extend the reach of Uber Eats’ Sponsored Items formats to consumer packaged goods (CPG) advertisers, according to a Thursday (April 10) press release....
Spend management solution provider Mynt launched a new partnership with Visa. The collaboration will allow the Stockholm-based company to address the rising demand from small- to medium-sized businesses (SMBs) for efficient spend management tools, according to a Thursday (April 10) press release. “The partnership will...
Financial services company Synchrony has launched a new integration with Adobe Commerce. The collaboration, announced Tuesday (April 8), is designed to give merchants more flexibility and choice in offering financing to their customers. “In today’s competitive market, the ability to provide customers with longer-duration, convenient...
