Black Friday is here and while there are signs that overall purchasing will be down, there is potential for cross-border ecommerce to perform well.

Uruguay-based payments company dLocal has maintained its growth run in Q3 2022, reporting revenue growth of 63% YoY and a 51% increase in total payment volume.

With Black Friday on the horizon, we are surprised to see so few merchants leverage opportunities to offer home currency solutions for cross-border sales.

Singles Day has been the biggest ecommerce festival in China since 2009. However, 2022 has probably been the most difficult year since launch.

PayPal came in ahead of revenue expectations for Q3, recording an 11% increase to $6.85bn YoY.

B2B payments platform Paysafe reported a 4% revenue rise to $366m and a 5% increase in total payment volume to $32.5bn in Q3 22.

Software and payments provider Ebix’s revenues increased 35% YoY to $257.9m in Q3 2022, with the key driver being its EbixCash platform.

Western Union’s Q3 2022 results saw revenues decline 15% YoY to $1.09bn, while C2C revenues dropped 11% and transactions dipped 12% YoY

Coinbase has had another difficult quarter, with the crypto downturn and macroeconomic conditions leading to a 53% YoY drop in revenues