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dLocal , the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world’s leading Open Payments Platform. “By streamlining payment processes, we enable Spreedly’s customers to offer local payment options with minimal effort.
Japan’s JCB International has expanded its partnership with Canadian payments firm Nuvei. This enables businesses in Singapore and Hong Kong to accept JCB credit and debitcardpayments through Nuvei’s platform.
Peeking inside their wallets, those of affluent consumers contain more credit cards (2.1 and more paymentmethods overall (average of six vs five) than that of mass consumers’, demonstrating their willingness to do more to maximise the incentives from each transaction. per person.
The appointment underscores Xceptor’s continued investment and penetration into the APAC region. He was most recently head of APAC at Duco. Partnerships dLocal, a cross-border payment platform, has forged a partnership with Open English , an online English-learning platform.
The introduction of Pix in 2020, managed by the Central Bank of Brazil to provide instant settlements and zero transaction fees for peer-to-peer transfers, has significantly impacted the payments landscape.
Africa heavily embraced digital payments causing a jump from a 23 per cent to a 46 per cent penetration rate in many of its countries in less than eight years. “Cards and alternatives are learning from one another, absorbing features from one another, paying attention to the needs of merchants and consumers,” Bellizia noted. .
It is interesting to observe how the innovation brought by alternativepayments is improving the whole ecosystem, and impacting cards as well – including debit ones – which remain steady and keep playing an important role in the digital economy as account ownership surges in rising markets.
Preferred Digital PaymentMethods If we have a closer look at shoppers preferred paymentmethods, credit and debitcardpayments, PayPal and other e-Wallets stand out. Credit and DebitCards are still used in a third of online eCommerce and POS purchases.
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