One of the biggest misconceptions about international payments is that money travels across...
One of the biggest misconceptions about international payments is that money travels across borders.
It usually doesn't.
When someone sends $100 from the United States to Nigeria, most people imagine those exact dollars making the journey across the Atlantic before magically turning into naira.
That's rarely what happens.
What moves first—and what matters most—is information.
The gap between how people move money internationally and how they manage it every day is becoming more apparent. It's this gap…
Finance spent centuries trying to separate value from physical transport, but eliminating friction constantly opens brand-new…
When a supplier receives a payment from a customer, the assumption is that the job is done. The money has
Nigeria's external capital strategy has repeatedly leaned on foreign portfolio investment in fixed-income securities.
The New York-based correspondent banking system is a relic. Both the city and the global economy would be better without it.
A few years ago, receiving a payment from overseas felt surprisingly complicated for something that...
