Financial services companies, including some in the cross-border space, are working to close the financial gap between men and women worldwide.

Block's move to support payments to ecommerce merchants beyond its Square network suggests Cash App could be looking to compete with mobile rivals

The US Federal Reserve has announced that its FedNow instant payment system is expected to launch in mid-2023

Leading remittance players once again saw slowing growth across their consumer money transfer revenues in Q2 2022.

European banking services provider Banking Circle has made interoperability a key focus, and this will only continue as it gears up to launch in the US.

Despite posting a net revenue increase of 37% YoY payments processor Adyen saw its share price fall by as much as 11% after releasing its H1 22 earnings.

Uruguayan payment processor dLocal is reaping the benefits of expansion, reporting revenue growth of 72%, to $101.2m, in Q2 22.

Paysafe felt the effects of European headwinds in Q2 22, with a 1% decline to $379m, as well as a 13% decrease in adjusted EBITDA.

Digital remittance major Remitly has announced that it is acquiring Rewire, an Israeli financial services provider for migrants.