foreign exchange

Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.

The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.

Source: investopedia.com

Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
Bridge Raises $40 Million for Global Stablecoin-Based Payments Platform
August 30, 2024  |  Investments

Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the...

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Visa and Crown Agents Bank Launch ‘Last-Mile’ Payments Partnership
Visa and Crown Agents Bank Launch ‘Last-Mile’ Payments Partnership
August 29, 2024  |  Partnerships

Visa and Crown Agents Bank (CAB) are targeting the “last mile” of the payments process. The two firms were already working together, with Visa relying...

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Corpay Teams With Finzly to Streamline Foreign Exchange Payments
Corpay Teams With Finzly to Streamline Foreign Exchange Payments
August 14, 2024  |  Cross-border Payments

Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange...

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Corpay to Acquire Cross-Border Payments Company GPS Capital Markets
Corpay to Acquire Cross-Border Payments Company GPS Capital Markets
June 19, 2024  |  Acquisitions

Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’...

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Foreign Card Use Brings US Dollars Back to Venezuela
Foreign Card Use Brings US Dollars Back to Venezuela
June 13, 2024  |  International

Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector...

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Fiserv and Monex USA Collaborate on International Wire Transfers
Fiserv and Monex USA Collaborate on International Wire Transfers
June 05, 2024  |  Partnerships

Fiserv and Monex USA will work together to help financial institutions complete international wire transfers. The companies said in a Wednesday (June 5) press release...

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Airwallex and BILL Partner to Enable Faster International Payments
Airwallex and BILL Partner to Enable Faster International Payments
April 30, 2024  |  Partnerships

Airwallex and BILL partnered to help BILL customers make faster international payments. With this collaboration, BILL’s financial operations platform for small– to medium-sized businesses (SMBs) will add the local...

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Airwallex Teams With Bird for Streamlined International Payments
Airwallex Teams With Bird for Streamlined International Payments
April 22, 2024  |  Partnerships

Payments platform Airwallex has launched a partnership with global communications platform Bird, formerly known as MessageBird. The collaboration, announced Monday (April 22), is designed to power Bird’s international payments...

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Airwallex Debuts Borderless Visa Card for Canadian Businesses
Airwallex Debuts Borderless Visa Card for Canadian Businesses
April 10, 2024  |  Cross-border Payments

Airwallex has launched the Borderless Visa Card for businesses in Canada. The virtual card, announced Wednesday (April 10), is issued by Peoples Trust Company and lets Canadian businesses make...

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