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A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
This approach allows them to quickly respond to changing market demands and consumer preferences, rolling out new features and enhancements on a much shorter timescale than the traditional waterfall development models used by legacy payment processors.” The demands of modern payments have created challenges for outdated systems.
The acquisition strengthens Mambu’s position as an industry leader, in a move that underscores market confidence and growing demand for modern financial experiences. Mambu, a leading cloud banking platform, has announced the acquisition of Numeral , a French payment technology provider for banks and fintechs.
A growing young and middle-class The second driver Southeast Asia’s fintech boom is the regions growing tech-driven youth and middle class, two demographics that are fueling demand for digital-first financial services. Southeast Asia’s youth, aged 15 to 34, account for over a third of the population.
Dojo is a payment technology provider from the UK launched in 2021. Demand for such platforms has driven software providers to broaden their offerings through partnerships and acquisitions, a trend that is exemplified by Xero’s recent acquisition of Melio, a fast-growing B2B AP/AR payment platforms for SMEs. million hours.
Core banking technology of incumbent Southeast Asian banks, Source: Core Banking System (CBS) Modernization, Part I, June 2025 These findings align with a 2021 BCG survey of 80 banks in Southeast Asia, which found that core banking modernization was not the top priority for digital transformation programs.
Founded in 2021 by Ife Johnson and Justin Ziegler , Juicyway enables individuals and businesses to send, receive, and process payments globally. Our growth in a short period of time reflects the underlying demand for better global payments. The old systems werent built to support this. In 2023, Africa received an estimated $90.2
trillion, growing by more than 55% since 2021. Consumers are shopping smarter, demanding convenience, security, and speed like never before. growth since 2021. Consumers are embracing the convenience of online shopping, and businesses are rapidly expanding their digital presence to meet this demand. 35% 4 Japan 0.5
With growing demand for embedded payments and real-time payment experiences, this acquisition will help Mambu better serve its clients. Founded in 2021, Numeral has raised $13.8 For Mambu, enhancing its payments capabilities is a strategic move that aligns with the growing demand for embedded payments. million (13 million).
Instead, open finance development is being driven by market forces, including consumer demand, fintech innovation, and competitive pressures among financial institutions. Another driver of open finance in Southeast Asia is the emergence of innovative business models. These include embedded finance, a market thats projected to reach US$7.85
Affirm has been publicly traded on NASDAQ since 2021 and has processed more than $75 billion over the last five years. Consumers demand payment choice, flexibility and transparency at checkout, and Affirm delivers all three. In the UK, Affirm will initially offer its interest-free and interest-bearing monthly payment options.
“Adyen customers all over the globe are demanding best-in-class payment experiences to boost business and drive customer engagement, which is why we are expanding our partnership with Affirm into the U.K.,” ” said Nicole Olbe, Adyen’s U.K. We’re excited to unlock greater opportunities for U.K. and U.K. .”
Founded in 2021, Highnote made its Finovate debut at FinovateSpring 2022. “By embedding on-demand disbursements directly into our issuing stack, we are helping businesses move money faster and more intelligently, all within a single, unified product experience.” John MacIlwaine is Co-Founder and CEO.
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. trillion 2021 $4.2 This report provides a comprehensive analysis of the U.S. Market Size and Growth The U.S. trillion 2019 $4.0
Visa’s value-added services business logged annualized revenue growth of 20% in the years since 2021, ballooning into a $9 billion global business, according to the release announcing Torre’s appointment. Meanwhile, value added services have also been a driver of growth for Mastercard. Sign up A valid email address is required.
By 2025, they are projected to handle 39% of global POS transactions, up from 29% in 2021. We are seeing strong adoption and demands for wallets like PayPal, Alipay, and WeChat Pay as they have evolved from basic payment tools to comprehensive financial ecosystems. Digital wallets are on an unstoppable trajectory.
Conversely, slowdowns in GDP can signal tighter consumer spending, lower business investment, and reduced demand for financial services. Business payment activity expanded, with 43% of firms increasing investment in digital payment tools—responding to stronger demand and economic stability.
billion in 2021 alone , according to the FBI’s Internet Crime Complaint Center. Customer communication demands careful balance. Real-time payment systems similarly reduce recovery windows, demanding stronger preventive controls. Business email compromise attacks cost organizations $2.4
Shopify launched its BNPL offering, Shop Pay Installments, in June 2021. Prior to Shopify starting its own BNPL product, Sezzle said the total value of its transactions on Shopify stores rose 1200% from January 2019 to June 2021, with the number of Shopify merchants using Sezzle tripling.
This momentum accelerated when we joined Y Combinator in the winter of 2021, which validated our vision and execution. At the start of 2021, we were a team of 10; by years end, after closing our Series A with Atomico, we had nearly 60 employees. Abacum was founded to change that. Their happiness is our priority.
With global demand for digital assets reaching new heights, clearer regulatory frameworks and the entry of major global custodians and asset managers drive projections that the market value for tokenised assets could hit trillions by 2030.
The Klarna Card marks a shift from BNPL-only into mainstream payments, which supports consumers’ demand for flexible, app-connected spending tools. California-based Affirm launched its own debit+ card in 2021 and just recently surpassed two million debit cards.
Levine’s new role Levine, who joined Checkout.com in 2021 to lead US sales and later served as general manager for Israel, will now oversee commercial teams across North America. The company says this will help improve performance on key metrics like authorisation rates and checkout conversion.
The two companies also worked together in 2021 to foster the adoption of network tokenization through Spreedly’s Payment Orchestration solution throughout Latin America. Integrating Just-In-Time Card Updates aims to provide merchants with up-to-date card credentials when they are required.
Reshaping the future of how immigrants move money globally Founded in 2021, LemFi was built to be the trusted financial services platform for immigrants worldwide. Having started with payments and remittances, LemFi enables users to open multi-currency accounts and send and receive money globally, reliably and at a low cost.
Shopify rolled out Shop Pay Installments in 2021 through a partnership with BNPL provider Affirm. Home News Payments Sezzle files antitrust suit against Shopify Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Pismo , the cloud tech solutions provider, announces that Vishal Dalal , who served as the company’s CEO for North America, Europe, and Asia since 2021, has been appointed as the companys global CEO. The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 17 April 2025.
Cybersecurity and Trust The fintech sector’s growth brings heightened cybersecurity risks, demanding robust defensive strategies. Simultaneously, regulatory frameworks will evolve, demanding fintech firms adapt to stringent standards without compromising innovation. It expresses the views and opinions of the author.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Balance, Alibaba team on BNPL for biz clients Small and mid-sized businesses can now use Balance’s buy now, pay later financing on the global e-commerce marketplace.
McKinsey research shows that banks implementing personalization strategies see revenue increases of 10-15% (McKinsey & Company, 2021). The Competitive Landscape Demands Change Traditional product-centric banking models no longer work. Customer acquisition costs drop by up to 50% when institutions deliver personalized experiences.
The company opened a new San Francisco office earlier this year, reflecting a growing demand for serving merchants across the region. Originally joining Checkout.com in 2021 to lead the US sales team, Levine later took the reins as the company’s General Manager for Israel in 2024. Across the border, 48% of U.S.
Legacy systems prevalent in many traditional banking institutions often result in fragmented, inconsistent, and often poor-quality data housed in isolated silos (Accenture, 2021). Governance demands that AI models are not opaque "black boxes."
billion in 2021. “Fintechs are building banking layers focused on consumer experience and are innovating to meet the demands for 24/7 access to financial services, including lending, investing, and cross-border payments. This isn’t due to lack of demand. billion in 2011 to 1.4
Offering an integrated suite of traditional and digital asset banking and custody services, this new expansion builds on FV Bank’s integration of Circle ‘s USDC in September 2021 and Tether ‘s USDT in December 2024.
The partnership announcement also adds to Traveltek’s recent momentum, following its acquisition by Juniper Group last year, its expansion into the United States in 2021 along with the £1.3m in funding that was secured in the same year to further develop its technology. Platform downtime is not an option.
For payments firms, integrating tailored insurance at checkout or as part of transaction flows presents a new value proposition and customer engagement lever, but also demands new risk management capabilities. Insurers now assess policyholders’ financial behaviouralongside payment patternsto adjust coverage dynamically. reached $1.1
San Francisco-based Affirm introduced the debit cards in 2021. "Its an important part of our long-term strategy," Linford said. "We We acquire users at the point of sale and were compensated." In April of 2023, the company disclosed that 300,000 people had signed up for the cards. And in January a spokesperson said Affirm had 1.4
Her hire reflects Paymentology’s focus on scaling card programmes across Europe as fintech and digital banking demand continues to grow. Rain , a US-based earned wage access provider, has launched a fully embedded on-demand pay solution within Workday. Efficacy was founded in 2016 and gained DCSP status in 2021. Used by over 3.5
In fact, new research from Checkout.com has revealed that account funding transactions, a core enabler of Pay to Card have surged 388 per cent year-on-year in the UAE, highlighting rising demand for real-time payout infrastructure. The feature comes at an important time as digital financial services are seeing a lot of adoption.
Launched in 2021, Bilt is the pioneering payments and commerce network that transforms housing and neighborhood spending into rewards and benefits for everyone involved. With Premium Payback, customers can see their money work more effectively, allowing them to unlock savings at checkout.
This product diversification did not happen overnight – it was a deliberate expansion, year by year, often driven by customer demand and experimentation. Launched in 2015 as a scrappy startup, Monzo set out to “build a current account that lives on your smartphone and gives you control of your money”.
Equally, payment providers are struggling with the inefficiencies of legacy tech stacks that cant adapt to new digital demands. Weve also grown our team from just 25 people at the start to more than 100 today, and weve more recently expanded into the Asia-Pacific region as demand for our services picks up globally.
billion in 2021. “I still remember when banks hired fake shoppers who were ready to spend — but only with a payment card — in a bid to simulate demand and encourage merchants to adopt POS terminals. According to the World Bank , the number of adults without access to financial services has dropped from 2.5 billion in 2011 to 1.4
UK payments firms are grappling with a critical question: What level of risk is acceptable in a market that demands both innovation and resilience? Industry stakeholders and regulators must collaborate to refine risk-based policies that enable innovation while safeguarding financial integrity.
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