crossborder

Microsoft announced a new feature to simplify cross-border advertising for retailers. The tech giant’s latest tool, Feed Labels, is set to launch in mid-March and is anticipated to be fully rolled outl by the end of the month. What are Feed Labels? With Feed Labels, you can organize products from different feeds by using common traits like language or product category. For example, if you sell products in the UK, France, and Germany, you can create a label for all three feeds. This label helps you run ads showing…

Florida, US-headquartered instant payments company ACI Worldwide is looking to tap into the emerging cross-border payments market in India with its instant payment software, said chief executive Thomas Warsop.“The regulator needs to think about making cross border payments easier, faster and less expensive. Use cases for instant payments will explode when you start to think about cross border,” Warsop said in an interaction with ET in Mumbai.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Thunes, a Singapore and London-based fintech that has built a payments platform for businesses to send money to each other internationally by tapping into the growing network of mobile wallets and other alternatives to bank accounts, has closed its Series C round of funding to expand its business. The startup has raised $72 million, money that it will be using to continue adding more providers to its network, and to bring more customers onto its platform. We’ve confirmed that Thunes now has a valuation of over $900…

Foo Yun Chee / Reuters: The EU announces new rules to help privacy regulators work on cross-border cases faster and give companies more rights, after criticism of slow investigations — Stung by criticism of tardy privacy investigations and the Irish privacy regulator's outsized role in overseeing Big Tech … Foo Yun Chee / Reuters: The EU announces new rules to help privacy regulators work on cross-border cases faster and give companies more rights, after criticism of slow…

China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its borders in a national security drive.Last July, China unveiled cross-border data review measures that require a security review for "important" offshore data transfers - a move that triggered confusion and concern among foreign financial firms operating in the country. Foreign interest could be curbed if the country's data…

Global digital payments company Worldpay from FIS is looking to expand its cross-border payment offerings in India, with the aim of taking Indian merchants global, a senior executive said.In an interaction with ET, Yvonne Szeto, vice president, commercial, for Worldpay from FIS’s Asia-Pacific business, said she is looking to work with domestic merchants who are selling goods and services abroad. Given that Worldpay operates in multiple geographies, it can help these businesses offer unique payment solutions for…

Invoice discounting startup KredX has gone live on International Trade Financing Services, a cross-border trade financing platform. This will enable KredX GTX, run by its wholly owned subsidiary KredX Ventures IFSC, to start invoice discounting for both Indian exporters and importers.The Sequoia Capital and Tiger Global-backed company has successfully conducted live transactions during sandbox testing and has received a final approval to go ahead with its commercial operations from International Financial Services Centres…

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In the backdrop of an investigation by India's federal financial probe agency Directorate of Enforcement (ED), edtech startup Byju's founder and chief executive Byju Raveendran wrote to the company's employees saying all of its cross-border transactions have been duly vetted by professional advisors and counsels.ET has reviewed a copy of the email sent to Byju's employees late Saturday.The ED has conducted search and seizure actions on several premises linked to the company in Bengaluru. ED had conducted these searches as…

A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced a partnership with PayNow, the online payment system of the city state, for cross-border payments.The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will allow fund transfers from India to Singapore through registered mobile numbers, and from Singapore to India using the UPI ID, the bank said in a…