Insights Category: Blog

In a small village in Bangladesh, Ayesha, a mother of two, waits eagerly each month for the remittance her husband sends from overseas. This money is vital, helping to pay for her children’s education, medical bills, and daily living expenses. Yet, traditional ways to send money are slow and expensive, eating into the precious funds… Continue reading Profit with purpose: How TerraPay is enabling gender equality and poverty alleviation 

Flagship Advisory Partners’ Executive Interview Series provides readers with exclusive insights from thought leaders in the payments and fintech industry. This edition puts the spotlight on TerraPay, a leading fintech that serves businesses and fintechs in the B2B cross-border payments space. Flagship Advisory Partners met with Ram Sundaram, Co-Founder and COO of TerraPay to learn… Continue reading Flagship Advisory Partners’ Executive Interview Series

The last three years have revealed the resilience and need for travel companies to evolve from the antiquated processes that have hindered their capabilities to expand. More importantly, it has exposed the need to implement a payment strategy that will leverage revenue diversification. We have all learned throughout this period that the travel industry has… Continue reading Emerging markets transforming the global travel payment landscape

While hardly a new technology, virtual cards are poised to become a much more dominant force in the payment sphere in the coming years. It’s projected that there will be 32 billion virtual card transactions around the world this year, and by 2027 that volume will be more than 121 billion. By then, the United… Continue reading Leveraging innovation to solve pain points in B2B travel payments

The World Bank and KNOMAD (Global Knowledge Partnership on Migration and Development) published their latest report in June 2023, ‘Remittances Remain Resilient but Are Slowing; Migration and Development Brief 38’. The Migration and Development report captures key developments in remittance flows that have occurred since the previous brief in November 2022. Projections have been made… Continue reading Migration and remittances: Unveiling some key drivers of global development

As the travel and hospitality industries across the world recover from the impact of the pandemic, online travel agents (OTAs) are playing a pivotal part in the revival. Their efforts directly benefit millions of SMEs in the global travel and tourism trade. The rapid rise of OTAs presents a striking picture of the era of… Continue reading Optimizing payments for online travel agents (OTAs) to boost their business

As our society becomes more globalized, there will soon be no borders for capital. Globally, the amount of money being sent as remittances has seen significant growth as a direct result of increased migration as well as expanded business activity on a worldwide scale. As we know, this has a direct and positive impact on… Continue reading Why partnerships between fintech & traditional Banks are a winning proposition for cross-border payments

For decades, money transfers received from people working abroad have acted as lifelines of development for many emerging nations. Given their impact, the socioeconomic benefits of MSBs (money service businesses) have been widely acknowledged. Typically, MSBs permit their customers to transfer money, and exchange currencies or cash cheques without needing to rely on bank accounts.… Continue reading Shaping the evolution of MSBs in APAC: Lessons learned and the best practices for success

Increasing globalisation has expanded huge economic opportunities for people residing in South Asia. Many economies here are driven by remittances which also form a sizable portion of their GDPs. People working in different parts of the world send money back to their families residing here. And thus, the importance of seamless, transparent, and secure cross-border… Continue reading Increasing globalisation has presented huge economic opportunities for the people of South Asia with the digitalisation of cross-border payments

In today’s increasingly digital world, a strong payment infrastructure is critical, especially for businesses looking to offer seamless and secure payment experiences to their customers. From accepting online payments to managing transactions and payment processing, a robust payment infrastructure is key to ensuring smooth financial operations. With the rise in digital adoption, cyber security threats… Continue reading How to build a secure payments infrastructure?