Catch the latest and essential topics in cross border payments

Demystifying FEMA: What Enterprises Need to Know About Cross-Border Compliance

Demystifying FEMA: What Enterprises Need to Know About Cross-Border Compliance

If you're an Indian business eyeing global markets, or a fintech enthusiast trying to decode the maze of cross-border payments, you've probably heard of FEMA. But what exactly is it, and why does it matter so much? We will break it down in our step by

India Outward Flow & LRS: Your Guide to Sending Money Abroad

India Outward Flow & LRS: Your Guide to Sending Money Abroad

Sending money abroad doesn’t have to be a headache. Thanks to India’s Liberalised Remittance Scheme (LRS), residents can now easily transfer funds overseas for education, travel, investments, and more. This guide breaks down everything you need to know about LRS what it is, who it helps, the rules,

Nostro Accounts: Operations, Compliance & Global Insights

Nostro Accounts: Operations, Compliance & Global Insights

Nostro accounts are vital for cross-border payments, enabling banks and PSPs to hold foreign currencies abroad for smoother settlements. This blog explores their workings, global regulations, and the operational and compliance challenges involved.

Tokenization: Strategic Considerations for Global Enterprises

Tokenization: Strategic Considerations for Global Enterprises

The Enterprise-Scale Case for Tokenization Global enterprises today operate in an environment where payment data security, regulatory complexity, and customer experience expectations intersect with enormous operational scale. Tokenization addresses all three. Tokenization replaces sensitive information—like card numbers or account details—with algorithmically generated tokens. These tokens can traverse networks,

GIFT City: India’s FinTech Frontier

GIFT City: India’s FinTech Frontier

India’s bold experiment in global finance—Gujarat International Finance Tec-City (GIFT City)—has evolved from vision to a thriving reality. With its futuristic infrastructure, a unified regulatory body, and FinTech-first incentives, GIFT IFSC (International Financial Services Centre) is now one of the fastest-growing FinTech hubs globally, attracting major players

How Money Moves: A Beginner’s Guide to Payment Methods

How Money Moves: A Beginner’s Guide to Payment Methods

In a world where a transaction can happen in seconds, the systems that move money behind the scenes often go unnoticed. But for businesses—especially those expanding across borders—understanding how payments work is not optional. It’s essential. This guide is for anyone who wants to make sense of

Tokenization in Payments: Enhancing Security and Streamlining Compliance

Tokenization in Payments: Enhancing Security and Streamlining Compliance

In today's digital economy, securing payment data is paramount. As enterprises scale and expand across borders, the complexity of managing and protecting sensitive information grows exponentially. Tokenization has emerged as a critical solution, offering enhanced security and simplified compliance for businesses navigating the intricate landscape of global payments.

The Impact of Real-Time Payments on Global Commerce: A New Era for Cross-Border Transactions

The Impact of Real-Time Payments on Global Commerce: A New Era for Cross-Border Transactions

In a world where digital interactions are instant, why should payments lag behind? Real-time payments (RTP) are no longer just a domestic convenience, they’re rapidly becoming the standard businesses expect across borders. For enterprises involved in global commerce, the shift to instant settlement is more than a technological upgrade:

How the Mid-Market Rate Impacts Cross-Border Transactions: A Guide for Global Businesses

How the Mid-Market Rate Impacts Cross-Border Transactions: A Guide for Global Businesses

Introduction In today’s global economy, cross-border transactions are a routine part of doing business. From international vendor payments to remote employee salaries and global subscription billing, businesses are moving money across currencies more than ever before. But there’s a hidden detail in these money transfers that can make

Mastering Cross-border Payments: Key to Global Business Success

Mastering Cross-border Payments: Key to Global Business Success

In today's interconnected global economy, boundaries are fading, and the flow of international trade has never been stronger. As businesses expand their reach globally, efficient and seamless cross-border payments become crucial. Yet, despite their growing importance, international transactions remain complex, costly, and often frustrating. Let’s unpack what

Payment Service Providers (PSPs): Simplifying B2B Payments in a Digital World

Payment Service Providers (PSPs): Simplifying B2B Payments in a Digital World

In today’s hyper-connected marketplace, businesses need efficient, secure, and scalable ways to handle payments. Yet, managing multiple payment options, compliance requirements, and integrations can quickly become overwhelming. Enter Payment Service Providers (PSPs) a one-stop solution that streamlines your financial transactions while ensuring you meet industry standards. Why it matters?

Understanding SWIFT Payments: The Global Messaging Network That Moves Money

Understanding SWIFT Payments: The Global Messaging Network That Moves Money

What is SWIFT? SWIFT, short for the Society for Worldwide Interbank Financial Telecommunication, is the backbone of international financial messaging. Founded in Brussels, Belgium in 1973, SWIFT was established to bring consistency and security to the way financial institutions communicate across borders. Think of it as the global "language&

Understanding PCI-DSS Compliance: How Glomo Ensures Secure Payments

Understanding PCI-DSS Compliance: How Glomo Ensures Secure Payments

Introduction With rising cyber threats, ensuring payment security is crucial. PCI-DSS (Payment Card Industry Data Security Standard) sets global security benchmarks for handling cardholder data. It covers a wide range of payment types, including credit and debit card transactions, mobile wallet payments, e-commerce transactions, and in-person payments. This comprehensive framework

How Interoperability Works in Fintech: Bridging Financial Ecosystems

How Interoperability Works in Fintech: Bridging Financial Ecosystems

What is Interoperability? Facilitating seamless transactions across different payment systems and financial institutions requires managing certain complexities within international payments. Staying compliant while offering seamless transactions is one of them. Interoperability refers to the seamless exchange of data and transactions across different financial systems, platforms, and institutions. This enables a

The Anatomy of Payment Security: Decoding the Foundations of Payment Compliance

The Anatomy of Payment Security: Decoding the Foundations of Payment Compliance

In an increasingly interconnected world, cross-border payments drive global commerce, making payment compliance essential for trust and security. Beyond regulatory obligations, payment compliance safeguards against financial crimes like money laundering and terrorist financing while protecting businesses from hefty fines and reputational damage. As businesses navigate these complexities, understanding the foundational

Glomo collaborates with GIFT City: The Evolution and Strategic Leap into the Future of Finance

Glomo collaborates with GIFT City: The Evolution and Strategic Leap into the Future of Finance

In the last decade, GIFT City (Gujarat International Finance Tech-City) has quickly risen to prominence in the global financial landscape. Positioned strategically between Ahmedabad and Gandhinagar, this ambitious project stands as a testament to India’s aspirations of becoming a global financial powerhouse, rivalling established centers like Singapore, Hong Kong,

Understanding Compliance in Cross-Border Payments: AML and CFT Measures

Understanding Compliance in Cross-Border Payments: AML and CFT Measures

In the ever-evolving landscape of cross-border payments, compliance with Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations is crucial. These regulatory frameworks are designed to prevent financial crimes, ensure transparency, and uphold the integrity of the global financial system. For Payment Service Providers (PSPs) like Glomo, understanding and