Connect with us

Press Release

When Pain Points in Cross-Border Payment Brings Payment Changes, How Can Hypercard Lead the Trend

Published

5 years ago

on

Throughout the evolving history of global cross-border payment, cross-border payment is rising with the continuous development of the international division of labor and international exchanges. In the early days, people use precious metals for cross-border payment and clearing, then followed by paper money, and today’s modern electronic transfer and clearing. Cross-border payment is developing gradually towards a  rapid, safe and economical trend as the entire international community is engaging in the activities more frequently and science and technology are changing and progressing.

The change of cross-border payment

According to the data, the total amount of global cross-border payment reached $125 trillion in 2018 and is expected to reach $218 trillion in 2022, promising huge profits.

In the existing transfer and remittance system, the transaction is slow and the cost is high with much margin for error; institutions have to coordinate the value transfer between different internal databases, which makes it extremely difficult to settle transactions quickly. This process not only slows down the transaction progress but also requires large working capital, which has a negative impact on the balance sheet of the institution.

As cryptoassets are gradually accepted by traditional finance, digital currency payment is also implementing and applying quickly. The competition around digital currency has just begun across the globe. In 2019, the emergence of Libra has triggered the catfish effect, and legal currency is discussed more enthusiastically all over the world. Countries have taken precautions and speeded up the research on sovereign digital currency. Even the European Central Bank, which did not seem interested before, recently began to discuss the necessity of developing a unified digital currency. According to a report released by the International Monetary Fund in July of the same year, nearly 70% of the world’s central banks are studying sovereign digital currency.

Some fear that Libra may become a strong currency once in circulation. It can be exchanged with the currencies of countries and erodes the fiat currency. If the weak countries make mistakes in regulation, hyperinflation or even de-monetization will likely happen. In the past, a typical example is Zimbabwe who abolished its local currency and was forced to use the US dollar and other currencies.

Traditional payment giants are  fostering digital currency payment

Bitcoin was born to destroy the existing monetary system, which many people think is too expensive and exclusive. Given this, it has a much broader value proposition than a deflationary policy and a hard cap of 21 million coins. The new application of blockchain technology also allows anyone to remit money to counterparties around the world in minutes at a low cost.

This function makes bitcoin directly target the existing payment platforms (such as credit card networks and inter-bank messaging systems). While some companies shrug off these concerns, others see the potential and are looking for ways to create value for partners and shareholders.

According to news on February 20, Visa, an international payment giant, has cooperated with 35 leading digital currency platforms or digital wallets.

These institutions are digital currency platforms licensed by the state or regulated by relevant departments, such as the digital payment platform WireX, the digital currency trading platform Coinbase and Fold, cryptoasset lending platform BlockFi, Austria encryption trading platform Bitpanda, Encrypted debit card platform Crypto.com, etc.

Industry insiders said that the cooperation between Visa and digital currency service providers enables consumers to exchange digital currency more quickly and easily. Users can also deposit this money into their Visa certificates in real-time.

When asked why Visa chose the cryptoasset payment, Visa’s executives clearly expressed their optimism about the payment method in his talks with Forbes: “we saw significant innovation in new financial services for consumers holding digital currency. One example is the growth in demand for digital money lending. We are delighted to work with fintech companies like Cred. The company develops new products in this ecosystem and finds new ways for Visa to improve the entrance of fiat currency associated with these products. “

At present, in addition to Visa, MasterCard, Paypal and other international payment tycoons are also fostering digital currency.

Recently, MasterCard stated that it has cooperated with the Central Bank of The Bahamas to launch the world’s first Bahamas prepaid card. The prepaid card allows people to immediately exchange digital currency into traditional Bahamas dollars and pay for goods and services anywhere MasterCard supports. PayPal also claimed to provide cryptocurrency services to the UK market in the coming months.

Cryptoasset service providers speed up the participation in payment

Not only the traditional payment giants are paying attention to cryptoassets payment, but also the asset service providers in the encryption industry are exploring the possibility of payment. HyperBC, a well-known encrypted asset service provider, has launched a comprehensive consumer card HyperCard. After being deposited with digital currency, the card is available in more than 176 countries and more than 50 million merchants worldwide.

As a global standard credit card, HyperCard supports the binding consumption with third-party payment companies by users

Every payment made by HyperCard is secure and consumer privacy is protected by law. HyperCard can transfer money beyond the geographical limit in a second at a low commission, yet with  24/7 service. It is traceable with clear information of all parties. No matter which city you are in, you can use it at all merchants accepting Visa, Master and UnionPay.

In fact, in addition to payment, the most intuitive appealing of digital currency credit cards is it makes encrypted assets purchasing easy and cash out of cryptoassets. In this context, digital currency payment is still a very new track, and the choice of such products is still limited. The main problems are as follows:

1. Only single-currency payment is supported, such as bitcoin

2. Only available in a small number of areas

3. Users have to buy cryptocurrency issued by the card providers before paying

4. Charge a certain percentage of the annual fee

HyperBC also takes this situation into consideration. It is convenient to apply for HyperCard.  The digital currency, deposited into HyperCard, can be exchanged into fiat currency in real-time, eliminating the tedious process and the trouble of cash payment, and significantly improving the user-friendliness of digital currency. HyperCard does not charge for KYC verification and only charges a very low commission for each deposit.

How to apply for HyperCard?

a Download the HyperPay App（https://www.hyperpay.tech/app_down） and register
b Apply for HyperCard

c Submit KYC documents and pass the certification

d HyperCard received

Conclusion

With the rapid development of digital currency and the increasing global acceptance of digital currency, the boundary between fiat currency and digital currency will become narrower. At the same time, digital currency credit card reduces the threshold for traditional users to access digital currency. The selective digital currency assets also avoid their risk in holding digital currency to a certain extent, Whether for investment, quick cash-out, or regular consumption, HyperCard, as a mature digital currency credit card, can enable cardholders to enjoy more convenient services.

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Related Topics:
Continue Reading

Press Release

SAP Fioneer Launches Cloud Accounting Subledger to Simplify Multi-GAAP Accounting for Financial Institutions

Published

4 hours ago

on

July 30, 2026

By

Walldorf, Germany, July 30th, 2026, FinanceWire

SAP Fioneer, a leading provider of software solutions for financial services, today announced the launch of its Cloud Accounting Subledger (CAS), a cloud-based solution designed to help financial institutions manage complex accounting requirements and modernize finance operations. 

As financial institutions continue to advance their cloud transformation strategies, many finance organizations remain challenged by fragmented accounting landscapes and increasing regulatory complexity. Multiple accounting systems, disparate processes, and parallel reporting requirements across entities and accounting standards often result in significant reconciliation effort, limited transparency, and higher operational costs. 

“Financial institutions across North America have already made significant progress in cloud adoption, with the vast majority investing heavily in cloud-based architectures. At the same time, many core finance and accounting processes remain fragmented and difficult to modernize,” said Sascha Maric, Managing Director at SAP Fioneer USA. “With Cloud Accounting Subledger, we help institutions address this challenge by providing a unified foundation for managing complex, multi-GAAP accounting in the cloud.” 

SAP Fioneer’s Cloud Accounting Subledger enables financial institutions to manage accounting standards such as IFRS and US GAAP within a single, unified subledger. Purpose-built for AI and by consolidating accounting processes in one environment, the solution helps reduce reconciliation complexity while improving transparency, consistency and auditability across finance and reporting functions. 

Built for SAP S/4HANA Public Cloud, Cloud Accounting Subledger applies a consistent, rule-based accounting approach across portfolios, products and legal entities. This creates a single source of truth for finance, risk and reporting, while enabling closer integration between accounting processes and core finance operations. 

“The launch of Cloud Accounting Subledger marks an important step in the continued expansion of SAP Fioneer’s public cloud portfolio for financial services,” said Frank Hammann, Co-CEO Finance at SAP Fioneer. “By bringing multi-GAAP accounting into a single, SAP-native environment, we help financial institutions to reduce operational complexity and establish a scalable foundation for modern finance operations.” 

About SAP Fioneer  

SAP Fioneer was launched in 2021 as a strategic partnership between entrepreneurial investor Dediq and global technology leader SAP SE to become the leading international digital transformation partner and provider of software solutions and platforms to the financial services industry. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,500 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific. 

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class enterprise-grade software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end. 

Contact

Julia Schwendner
press@sapfioneer.com

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Mercury Publishes Global Cold Chain Logistics Performance Benchmarks

Published

13 hours ago

on

July 30, 2026

By

Mercury publishes global cold chain logistics performance benchmarks for healthcare and life sciences shippers, covering transit times, reach, and reliability.

Boston, MA, 30th Jul 2026 – Mercury Business Services, a specialty logistics provider serving the healthcare and life sciences sector since 1984, today released performance benchmarks from its cold chain and parcel operations, reporting a 99.6% success rate on temperature-controlled shipments and a median cold chain transit time of 2.77 days.

The company also reported that customers using the Mercury Portal — its booking, tracking, and proactive monitoring platform — experienced a 39.7% reduction in parcel incidents compared to shipments managed outside the platform.

For laboratories, clinical trial sponsors, and diagnostics companies, a single compromised shipment can mean lost patient samples, delayed study timelines, and irreplaceable research material. Biological specimens, cell and gene therapy products, and diagnostic kits often have narrow stability windows and no second chance at collection.

Benchmark Highlights

  • 99.6% successful cold chain shipments
  • 2.77 days median cold chain transit time
  • 39.7% reduction in parcel incidents for Mercury Portal users
  • 236+ countries and territories served
  • 1,500+ customers served since 2020
  • 40+ years of continuous operation

Mercury attributes the results to a combination of proactive shipment monitoring, healthcare-specific customs brokerage that anticipates country-level documentation requirements before goods move, and 24/7 support teams assigned to individual accounts.

The company’s services span specialty cold chain, discounted parcel, same-day and onboard courier, next flight out, air freight and charter, GMP warehousing and controlled room temperature storage, and customs brokerage. Mercury supports biological specimens, clinical trial materials, pre-clinical research, diagnostic testing kits, pharmaceuticals, medical devices, and regulated documents and records.

About Mercury Business Services

Founded in 1984, Mercury is a logistics provider built specifically for healthcare and life sciences shippers. Mercury delivers hundreds of thousands of shipments each year across 236+ countries and territories, combining a proprietary shipment management portal with dedicated client support teams. The company operates on three principles: Customers First, Relentless Improvement, and Extreme Ownership.

Media Contact

Organization: Mercury Business Services

Contact Person: Christian Gladwell

Website: https://www.shipmercury.com/

Email:
support@shipmercury.com

Address:61 Batterymarch St 1st Floor

City: Boston

State: MA

Country:United States

Release id:47719

The post Mercury Publishes Global Cold Chain Logistics Performance Benchmarks appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries

Published

13 hours ago

on

July 30, 2026

By

Simplicity Legal has recorded a rise in divorce and separation enquiries in the weeks since Scotland supporters returned from the 2026 FIFA World Cup. The increase is based on the firm’s own enquiry data, and the firm notes that most enquiries do not lead to divorce proceedings.

Glasgow, United Kingdom, 30th Jul 2026 – Simplicity Legal, a law firm based in Glasgow, has recorded an increase in divorce and separation enquiries during July 2026. The increase is based on the firm’s own enquiry data and is measured against the enquiry levels the firm would normally expect at this time of year. The firm has not identified a single cause for the rise, and notes that enquiry volumes fluctuate throughout the year.

The period covered by the data follows the return of Scotland supporters from the 2026 FIFA World Cup in the United States. Scotland qualified for the tournament for the first time since 1998. The team played two of its three group matches at Gillette Stadium near Boston, and a third-place finish in Group C was not enough to reach the knockout rounds. Thousands of Scotland supporters travelled to the United States for the group stage in June.

Billy Smith, director at Simplicity Legal, said: “Our enquiry data shows a clear increase in divorce and separation enquiries in recent weeks compared with what we would normally expect during the summer. We are not in a position to attribute the increase to any single cause. Family law firms are used to enquiry levels changing through the year, and January, following the Christmas period, is the best-known example of a seasonal rise.”

He added: “It is worth saying clearly that an enquiry is not a divorce. Most people who contact us at this stage are simply looking for information, and a great many of them never take matters any further. Our advice is always the same. Talk to each other first, and if you want to understand where you stand, seek advice before making any decisions. In Scotland, the rules on finances, property and cohabitation are not always what people assume, and good advice early on saves a great deal of stress later.”

Simplicity Legal offers an initial consultation for anyone seeking advice on separation, divorce or other family law matters. The firm does not provide legal aid.

Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR Telephone: 0141 471 9166 Website: www.simplicitylegal.co.uk

Notes to editors

  • Simplicity Legal is a Scottish law firm and a trading name of Clarity Simplicity Ltd, which also trades as Complete Clarity Solicitors. The firm has offices in Glasgow, Edinburgh and Dumfries.
  • The firm advises on family law, divorce and separation, conveyancing, wills and estate planning, executry, dispute resolution and commercial matters.
  • The enquiry data referred to in this release is drawn from the firm’s own records for June and July 2026. Supporting figures are available on request.
  • For interviews, further comment or supporting figures, please contact Billy Smith, Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR. Telephone: 0141 471 9166.

Media Contact

Organization: Simplicity Legal

Contact Person: Billy Smith

Website: https://www.simplicitylegal.co.uk/

Email: Send Email

Contact Number: +441416738305

Address:34 Woodlands Road

City: Glasgow

Country:United Kingdom

Release id:47623

The post Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us