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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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More Than Half Of Cards Issued Globally Were EMV-Enabled

PYMNTS

percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 Regionally, the EMV chip card adoption rate is highest in Canada, Latin America and the Caribbean (85.7

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Alternative Payments, In A United State, For US Merchants

PYMNTS

Understanding the preferred, locally sourced alternative payment methods (APMs) can make or break a merchant’s eCommerce initiative, and credit cards do not always pass muster. -based firm looking to do business in those far-flung markets. To that end, PPRO Group , which focuses on cross-border ePayments, has opened an Atlanta-based office.

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Commercial Cards Take The Global B2B Payments Stage

PYMNTS

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. He offered an example in which a U.S. in such adoption.

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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Too Much Cash.

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Mastercard Q4 Continues Contactless, B2B Growth ‘Marathon’

PYMNTS

Going a bit further, the United States saw 10 percent growth to $466 billion, outpaced by the rest of the world at 16 percent to just over $1 trillion. billion cards issued, with 7 percent growth, the bulk of which — at more than 2 billion — were Mastercard cards. The remaining 496 million were Maestro cards.

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COVID-19 Breathes New Life Into QR Codes

PYMNTS

In the United States, anyway. Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted.

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