Insight
Local currency payouts versus international correspondent banking payouts
Time is money and moving money takes time. But what if there was a way to send international payments as quickly and easily as a domestic bank transfer?
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Insight
Why transparency matters in cross-border payments
Operating in a way that’s easy for others to see what actions are performed is critical for non-governmental organizations (NGOs). However, it’s just as important for businesses needing an international B2B payment solution, as Sarah Louise Teschl, Head of NGO Sales at Inpay explains.
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Guide
The ultimate guide to Open Banking payments for PSPs
Open Banking is delivering better banking transfers, done faster. So, whether it’s increasing cross-border payment acceptance rates and customer satisfaction. Or improving conversion through providing more choice and a seamless UX. Or cutting costs by minimising fraud and chargeback risks, the Open Banking proposition is compelling.
Insight
B2B cross-border payments rebooted
Every business needs to buy goods and services from other businesses. With the globalisation of labour and supply chains as well as digitisation of commerce, these transactions have increased across national borders. This makes having an efficient and effective international B2B payment solution more important than ever.
Insight
Why are international payments so complex?
‘Complex’ according to its dictionary definition means made up of interconnected parts or intricate. That’s an apt summary of international payments as we explain…
Everyone has their favourite ways to pay and be paid. Often these payment habits are strongly national. For example, the Germans love cash, the French cheques and the Swedes Swish, a bank account-funded payment triggered from a mobile phone.
Insight
How do open banking payments work?
When it comes to making purchases online, today’s consumers have access to a plethora of payment options that can vary across the globe. However, one method that is seeing an increase in demand globally is open banking. It has revolutionized the banking payments system by meeting consumer demand for better, faster and more personalized customer experiences.
Insight
What are the main methods of payment in international business?
Businesses send money overseas for many reasons. They may be for ordering goods, giving employees their salary, or even paying customers if they are in sectors like pensions or insurance, for example. However, there are multiple ways in which they can make these international payments. Here we will outline the main methods.
Insight
International Money Transfer Regulations Explained
Countries across the world have strict regulations in place to ensure international money transfers are safe and secure. We explain why these regulations are so important, how regulations differ between countries, and what rules apply to various nations around the world.
Insight
Fintech 2:0 and what’s next for the banking industry
Over the last few decades, the continued evolution of fintech has disrupted traditional financial services with no sign of dying down. In fact, a new report from Money2020 highlights the emergence of Fintech 2:0 – the post Covid-19 developments of fintech.
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Guide
How to make receiving international bank cheques easier for your recipients
Despite incredible progress and developments in financial services over the years, clearing an international cheque still involves many problems. For several reasons, making international cash payments via cheque is a complex experience for both you and customers. Here’s a deep dive into the challenges and how to overcome them.
Advice
How to overcome the challenges of cross-border payments
We live in a global economy where the ability to make international transactions is essential to businesses and consumers alike, as well as the banks and other financial institutions that serve them. Yet, when cross-border payment systems are so important for financial inclusion and growth, why are there still so many challenges to their efficiency?
Advice
How long do international bank transfers take?
Today, a domestic bank transfers can almost be instant. But why is it not the same for overseas transactions? Here, we’ll explore how long international bank transfers normally take, and outline how innovative banks are collaborating with fintechs to speed up the process.
Insight
How to make international pension payments more convenient for your beneficiaries
Pension companies that still send cross-border payments by bank cheque, must do more to satisfy their customers with faster, more convenient services. Here's what you need to know in order to maintain customer satisfaction.
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Guide
International bank transfer fees: What are they and how much do they cost?
Whether it’s a global business payment or a personal remittance, money is sent abroad for a variety of reasons. However, unlike a domestic bank transfer, this process isn’t free for the customer. We explain why international bank transfer fees are charged and what factors impact the cost.
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