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April 12, 2024

On the wires

HighRadius Launches B2B Payments To Reduce Payment Processing Fees By Up to 90%

Business Wire

"HighRadius, a provider of Autonomous Finance software for Order-to-Cash, Treasury, and Record-to-Report, announced the launch of their B2B payments platform to improve payment processes across 100+ payment methods globally encompassing a trio of essential products: Payment Gateway, Surcharge Management, and Interchange Fee Optimizer, all seamlessly integrated to elevate financial efficiency."

May 9, 2022

On the web

Google Cloud Assembles Web3 Team to Leverage Emerging Metaverse

“Google Cloud Platform is putting together a Web3 specialist team to take advantage of cryptocurrency and blockchain technology. The cloud computing services suite says its new Web3 team will focus on building services for developers running blockchain applications. In addition, the team will also provide blockchain services to enterprises and customers looking to leverage the technology. The new Google Cloud Web3 division, to be helmed by former Citigroup executive James Tromans, already has a descriptive agenda set out. This reportedly includes better management of blockchain nodes as well as software for exploring blockchain data in third-party applications. Back in January, Google already hinted at this specialist division with pre-existing and established partnerships with blockchain projects. The company believes that the emerging metaverse and all its trappings offer so many untapped opportunities to exploit.”

November 12, 2019

On the web

September 27, 2018

On the web

Alibaba enters Banking Circle for shapely payments

Banking Technology

“Anders la Cour, co-founder and CEO of Banking Circle, says: “Payment providers who join Banking Circle can offer ‘local’ cross-border payments, with low fees, good FX rates and fast transfer times. It’s a cohesive solution – there’s no differentiation between local and cross-border payments. All payments occur quickly, at low cost. Payments are simply payments.””

June 29, 2018

On the web

Alibaba Seeks To Eliminate Middlemen In Blockchain Payments Patent


“The patent application – “A System and Method That Adjusts Account Balance on a Blockchain” – was filed with the China State Intellectual Property Office in January of this year and was revealed on Friday. Aimed to tackle the broad concept of adjusting account balances over a blockchain, the company explained how the system could be used to facilitate cross-border transactions that specifically involve a third-party payment vendor. For instance, the document said that third-party payment services and their banking partners in different regions will all function as nodes to form the envisioned blockchain. Subsequently each node will maintain a ledger of user balances, reflecting accounts in third-party payment vendors’ mobile wallets.”

May 4, 2018

On the web

March 1, 2018

On the web

Baidu, Alibaba, Tencent to disrupt Facebook, Amazon, Netflix, Google in Asia

Financial Review

“China’s tech giants are investing heavily across the region, upending a long-held assumption their US rivals – Facebook and Amazon – would dominate the global digital economy. Armed with strong backing from the Chinese government and a huge, digital-savvy market at home, companies like Alibaba and Tencent are catching up with – and in some cases overtaking – their US rivals, according to Jonathan Woetzel, director of the McKinsey Global Institute.”

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