Today in Global Small Business: Rebranding DEI

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What's affecting me, my clients, my colleagues and other global small business owners:

• In the US, DEI is under attack. But under a different name, it might live on.  Let's hope so.  Further, the speed at which some large corporations have shed their DEI policies raises the question of how genuine their commitment to diversifying their workforces was in the first place [Laurel Delaney agrees].
• Trump's The State of Chaos address on Tuesday, March 5, 2025.  What will he say?  
• Quote of the week:  Jamie Dimon, CEO of JPMorgan Chase, has said that he would cut "stupid" DEI costs even without Donald Trump. However, he has also reaffirmed the bank's commitment to diversity, equity, and inclusion (DEI). 
• The White House is making clear it views President Donald Trump’s Friday Oval Office showdown with Ukrainian President Volodymyr Zelensky as an overwhelming failure that underscores Trump’s “America last” leadership, dispatching top officials and allies to muzzle Trump’s handling of the situation even as European leaders are expressing zero support for Ukraine and its leader.  That my fellow readers is fake news.  Here's the real messaging the White House crafted here.
• Goodbye Skype.
• How facilitating cross-border payments is helping build businesses and communities worldwide, while fostering a new generation of global small business owners.

Startup in Shanghai Poised to Solve Cross-border Payment Problems and Boost International Trade

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XTransfer, based in Shanghai, China, aims to solve cross-border payment problems for over 100,000 of China’s smaller importers and exporters playing important roles in the national economy in spite of challenges posed by the pandemic and trade disputes.

XTransfer was founded in 2017 by several Alibaba employees and works with banks to set up a globally unified B2B (business to business) financial network and intelligent risk management system. 

Learn more here.

Trends and Players Driving Cross-Border Payments

©iStock/Askold Romanov

Judging by the level of merger activity in the global payments space of late, the pendulum is swinging much more towards the buy than the build (source:  Cross-Border Commerce Drives Global Acquisition Agenda).

For more information, visit:  Cross-Border Payments Ecosystem Trends, Players

Read related article by James Gagliardi:  Cross-Border Merchants Win with Added Functionality, More Languages

Tip:  The most successful retailers are using increasingly simplified checkout functionality and allowing users to choose to experience sites in a variety of multiple languages.