Consumer, Merchant Appetite For Efficiency Drives 2nd Wave Of Payment Orchestration

Payments regulation can feel like a new entrant on to the global scene, given the sheer number of headlines it has suddenly started turning up in over the last few years. But the truth of the matter, Payoneer Chief Operating Officer Keren Levy told Karen Webster in a recent conversation, is that what we are actually seeing is the second phase of payment orchestration taking off worldwide. Orchestration itself has been around for quite a while, but phase one was mostly invisible to most people, she noted. That’s because it was defined entirely by the in-house construction efforts of a handful of truly global industries, like airlines, that need to be able to smoothly move money through many jurisdictions. The second phase going on now, said Levy, is defined by the growing number of merchants that have gone global and digital over the last 18 or so months. They are now realizing they need more sophisticated global payment solutions and are looking for partners to help build it for them i...