Sovos’ Sales and Use Tax (SUT) platform will integrate into Shopify Tax to streamline the preparation, filing, and remittance of sales tax returns. The two said that automating Shopify Tax can save merchants hours prepping tax returns and decrease their audit risk. Shopify partnerships: Shopify is all-in on using new technologies and other automation tools to create greater efficiencies.
Article
| Jun 17, 2025
It’s offering savings accounts with 5% APY on up to $100,000 and comprehensive remittance services through its Money Center. If OnePay’s role in the co-brand portfolio is successful, Klarna should take caution. OnePay test-drove its own BNPL product before outsourcing to the Swedish fintech. Walmart is not shy about breaking off partnerships to better position itself in the market.
Article
| Jun 10, 2025
Crypto use cases: Proponents of stablecoins say they can speed up transactions through tokenization, lower merchant interchange fees, minimize friction for FX transactions (which is great for customers issuing frequent remittances), and turn traditionally static financial instruments into dynamic, programmable assets.
Article
| Jun 24, 2025
Chart
| Nov 1, 2024
Source: Ä¢¹½AV
Chart
| Nov 1, 2024
Source: Ä¢¹½AV
Remittances inflows will total a whopping $901.30 billion worldwide this year, according to our forecast, presenting a massive volume stream for wallets to capture.
Article
| Mar 14, 2025
Cryptocurrency volatility has tempered expectations for crypto payments. But it hasn’t erased them: Retail, remittance, and cross-border B2B payments remain in growth mode.
Report
| May 18, 2023
Digitization has reduced consumers’ remittances costs worldwide, reshaping the competitive battlefield. Money transfer operators must follow new playbooks to monetize this $800 billion market.
Report
| Apr 14, 2023
Digital transformation has upended the global remittance market, thereby pressuring consumer pricing, reshaping the competitive battlefield, and creating new playbooks for traditional money transfer operators.
Article
| Apr 17, 2023
Ecuador's Banco Pichincha began using Visa Direct for remittances in Q1. Visa also partnered with X Money. In addition to offering peer-to-peer (P2P) payments, Visa CEO Ryan McInerney also said the solution will help X creators get paid faster. The companies are also working on other use cases. What’s next? Visa is preparing to launch account-to-account (A2A) payments in Europe early this year.
Article
| Jan 31, 2025
The payment network also pushed crypto payments, remittances, and consumer bill payments during the quarter to boost network volume, Miebach said. The bigger picture: Mastercard’s volume could suffer if the Capital One-Discover merger goes through. Capital One’s debit volume is primarily on the Mastercard network. Some of that volume may instead start to get sent over Discover’s network instead.
Article
| Jan 30, 2025
The digital bank’s customers will be able to use the stablecoin for direct deposits and outbound payments like remittances. The feature will also offer automatic, real-time conversion to and from USD. FV Bank also offers Circle’s USDC and Tether’s USDT as payment options. The bigger picture: PayPal launched PYUSD in August 2023.
Article
| Jan 9, 2025
Payment provider innovation and regulatory changes are setting a long-term growth runway for cryptocurrency payments. But providers will still need to overcome low merchant acceptance and a sense of mistrust before crypto can go mainstream.
Report
| Feb 11, 2025
It’s working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
Article
| Mar 13, 2023
Chart
| Sep 12, 2024
Source: Atomik Research; MoneyGram
Investments in crypto-enabled card programs, wallets, and remittances are helping them do just that. Crypto payers will make up 19.4% of crypto owners in 2026, versus 13.4% in 2024. But we think most investors—especially higher-income consumers who have other ready funds to make purchases—will remain wary of paying with crypto to avoid the burdensome tax consequences.
Article
| Jan 10, 2025
Chart
| Jun 12, 2024
Source: Visa; Morning Consult
And it expanded its tie-up with DailyPay in the US, enabling customers to send earned wages as international remittances. Our take: Enabling US transfers in one minute or less is a major milestone for Visa Direct. It makes it a true real-time payments competitor. And if Visa can bring this capability globally, it could become a major game changer in the RTP space.
Article
| Dec 12, 2024
Chart
| Mar 29, 2023
Source: The World Bank
Investments in crypto-enabled card programs, wallets, and remittances are helping to reduce crypto checkout friction. Crypto payers will make up 19.4% of crypto owners in 2026, versus 13.4% in 2024. But we think most investors—especially higher-income consumers who have other ready funds to make purchases—will remain wary of paying with crypto to avoid paying capital gains taxes on every transaction.
Article
| Jan 16, 2025
It still has strong potential to disrupt some payments like remittances, but gyrating prices will limit widespread adoption. Instead, incumbents are investing in crypto on-ramps and off-ramps. Cash will not follow checks into disuse. It’s still the most widely—though not most frequently—used payment method.
Report
| Mar 25, 2024
Their remittance information enables straightforward reconciliation, and the payments can be easily integrated into AP and AR automation solutions. For example, AvidXchange’s ACH product AvidPay Direct includes enhanced remittance notes with every payment and uses the company’s accounting systems as the system of record. Card payments are inching up.
Report
| Feb 26, 2024
It tried to encourage a number of consumer uses—from P2P payments on Venmo to remittances on PayPal-owned Xoom—but adoption has been slow. While it has grown to become the seventh-largest stablecoin by market cap ($694.6 million), according to CoinMarketCap, it is dwarfed by industry leaders Tether ($119.62 billion), USDC ($35.56 billion), and Dai ($5.36 billion).
Article
| Oct 4, 2024
Revolut is also uniquely positioned to capture part of India’s huge remittance market. India’s remittance inflows will reach $123.08 billion this year, up 6.2% YoY, per our forecasts. And outflows will total $12.34 billion in 2024, growing 9.2% YoY. Our take: Despite the large growth opportunity India presents, Revolut will face steep competition.
Article
| Sep 17, 2024
Visa’s new partnership to enable remittances in WeChat Pay wallets is a case in point. In one swoop, it connects Visa Direct to more than 1 billion users in China within a hard-to-penetrate market. Networks will innovate to monetize data.
Report
| Feb 23, 2024