Ndcu India s Cashfree Payments Helps Speed Zepto s Grocery Deliveries
鈥擟ross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails.But there still exist a host of international payment frustrations and reconciliation frictions due to ongoing and historical round-peg, square-hole operational bottlenecks between those businesses transacting across borders with each other.Not the least of which is how long it takes for international transactions to settle.Fortunately, many industry leaders tell PYMNTS this situation is about change 鈥?for the better.Thats because several future-fit efforts to improve cross-border payment systems are well u
stanley mugs nderway, including next generation real-time payment RTP initiatives from SWIFT, ongoing development and experimentation of blockchain-based solutions that include international central bank digital currencies CBDCs , and more digital-first platforms and solutions that aim to remove historical cross-border frictions while streamlining and expediting the payment journey.Still, moving from an international payment landscape made up of two- or three-day cycles to a 24/7/365, always-on envir
stanley polska onment may seem daunting to many businesses who have structured their working capital and cash flow forecasting strategies around th
stanley cup e persistent inefficiencies of cross-border money movement.With so many new options on the horizon, interoperability between emergent and historical payment platforms and systems will be crucial to smoothing out and streamlining payment flo Soke Rent The Runway Takes Rental Business Model To Home Goods
Logistics, and the last mile, depend on documentation. The processes of finding where things are, where theyre headed and when they
stanley usa arrive are mired in paper.Inefficient handling of goods as theyre shipped, regardless of modality, can boost costs, lead to disputes between trading partners and even delay delivery.The movement toward digitization can solve the paper chase and may get a boost from blockchain.One firm, OpenPort, headquartered in Hong Kong and focused on supply chains based in Asia, has targeted the roughly $150 billion spent annually on road transport in the region that helps move $6 trillion of goods. Last week, OpenPort entered into a Letter of Intent for a reverse takeover with Canoe Mining Ventures, based in Canada. OpenPort confirmed with PYMNTS that the merged entity will be branded OpenPort and will continue the operations of OpenPort Limited. Proof of delivery POD is key, and yet it remains tied to manual and paper-based re
stanley quencher cordkeeping. OpenPort offers ePOD, or POD delivered electronically, where truck drivers can use their phones as a conduit to documentation via image capture.The company leverages smart contracts and the OpenPort token to connect payment to the actual movement of goods.OpenPort said earlier this month that it had launched a joi
gourde stanley nt venture with XVC Logistics, which is based in the Philippines.Through that partnership, the duo debuted OpenPort Solutions through which shipping payments were conducted in bitcoin and service payments in Et
