Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
by Jack Large
Payments review: Faster Payment and Digital Wallets booming; Best at cards; batches of payments
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International Bill Payments
Background
The cost of collecting cross-currency payments - setting up currency accounts, FX conversion costs (can be as high as 200 bps or more) and the processing charges - can be 3-5% + of the value of the actual transaction. To cut the costs of international collections: first, make it as easy and… Read more about International Bill Payments
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