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Thai merchants will be able to settle card payments locally and access four widely used alternativepaymentmethods: LINE Pay, TrueMoney, PromptPay, and online banking. The company is also offering fraud protection, dispute management, and consultative expertise backed by global data insights.
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. .”
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternativepaymentmethods and the rise of digital currencies. APAC leads the world in digital wallet adoption.
Credit cards are practically a relic of the past in China, with QR code payments via AliPay and WeChat Pay now already accounting for a collective 92% share in Chinas massive payments market. Its clear that APAC isnt just embracing the future of digital payments its defining it.
Yuno , the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. SheueChee is actively involved in community-based initiatives across the APAC region and is also a recipient of Money2020’s prestigious RiseUp leadership program.
With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.
By leveraging dLocal’s platform, global customers of PayPal Enterprise Payments , previously known as Braintree, can now easily accept cards and process local and alternativepaymentmethods across Latin America, EMEA, and APAC markets without needing to establish local entities.
dLocal , the leading cross-border payment platform specializing in emerging markets, today announced its partnership with Juspay , a leading payments orchestration and infrastructure provider powering global enterprises and banks.
Nuvei’s modular payments platform enables clients to securely connect with customers in over 200 markets worldwide through a single integration, accepting 680 alternativepaymentmethods and offering acquiring in over 50 markets. The company that it will continue to invest in building its presence across APAC.
Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major Payment Institution license in Singapore. The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternativepaymentmethods and offering acquiring in over 50 markets.
Notably, North America saw a 30% rise in attack rates, in contrast to declines in Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA), where rates dropped by 15% and 24%, respectively. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).
Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore.
JCB International , Japan’s international payment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.
The offer is completely aligned with the preferences in Latin America: internal data of EBANX show that more than 75% of B2B transactions in the EBANX platform are paid with alternativepayments (other than cards). This enables businesses worldwide to engage in cross-border trade with confidence in the LatAm region. “We
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. In APAC, affluent consumers use even more paymentmethods, with an average of 7.5 per person.
Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 30 April 2024, bringing you the latest updates from across the world. Most recently, Bronwyn served as CISO at fintech Mambu and led security transformation and AI enablement initiatives for TSB Bank. He was most recently head of APAC at Duco.
It’s The Fintech Times Bi-Weekly News Roundup on Thursday 25 April 2024. Appointments myPOS, a provider of payments, accounts and card solutions for small merchants and sole traders, has appointed Mario Shiliashki as CEO. The post This Week in Fintech: TFT Bi-Weekly News Roundup 23/04 appeared first on The Fintech Times.
Typical B2B payments can still take up to 14 days to be confirmed and involve up to six intermediaries, often with low visibility and high fees, according to EBANX’s annual study, Beyond Borders 2024. Internal EBANX data also shows that APMs power over 75 per cent of B2B transactions in the EBANX platform.
Unlimit , the global fintech company, announced today a global partnership with VTEX (NYSE: VTEX), the composable and complete commerce platform for premier brands and retailers to further succeed with integrated global and agile payment service solutions. Merchants in the UK, U.S.
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. What is Yuno doing to improve the payments sector in Brazil and LatAm? However, more can still be done.
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.
Australias digital payments and e-commerce market is experiencing an unprecedented boom. Driven by shifting consumer preferences and innovative fintech solutions, online shopping has never been more convenient and accessible. with roughly 33% reporting revenue growth after adopting account-to-account (A2A) payment solutions.
Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry.
With more than 20 years of experience in the payments industry across the payments ecosystem, Anant Patel has led both fintech startups and corporate payment businesses in Europe and internationally.
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