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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. .”
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.
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.
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 paymentsolutions.
It will also help fuel Fiserv’s delivery of new paymentssolutions such as Pinch’s cloud-based SaaS business operating platform for merchants across Asia Pacific. This shift is being driven by the rise of open banking and a push for lower-cost, real-time payment options.
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.
Businesses in Singapore are now benefiting from Nuvei’s cutting-edge, agile technology that’s built to accelerate their growth, as well as Nuvei’s global reach and expertise in local markets across Asia-Pacific (APAC). The post Nuvei Secures MPI License in Singapore to Accelerate APAC Expansion appeared first on Fintech Finance.
EBANX, renowned for its robust paymentsolutions and deep market expertise, is at the forefront of this evolution, poised to transform B2B payments in the region. Together, we can offer unparalleled paymentsolutions that cater to the unique needs of exporters and importers in this dynamic region.”
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.
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. Together, we can offer unparalleled paymentsolutions that cater to the unique needs of exporters and importers in this dynamic region.”
Unlimit will provide VTEX’s merchants with more domestic and international payment services to support growing cross-border commerce. This will include processing payments in local currencies, via alternativepaymentmethods (APMs) Pix and Boleto, and a further 15 APMs in the coming months.
EBANX , the paymentssolutions provider, has published a study on digital markets and payments in rising economies as it finds both the digital markets of Latin America (LatAm) and Africa are set to surpass $1trillion in total value by 2026.
According to Fintech Australia , small businesses have been among the biggest beneficiaries of the transition to fintech-powered modern payments systems, with the average benefits across all fintech solutions totaling $9 billion because of their adoption.
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.
As part of its European expansion strategy, Fabrick acquired AlternativePayments Ltd in May 2023 to drive the development of new open paymentsolutions. Anant Patel, CEO of Judopay, commented: “Im absolutely thrilled to be joining Judopay, a true leader in open finance payments.
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