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Ant International, a leading global digitalpayment and financial technology provider headquartered in Singapore, has been intensifying its integration of Artificial Intelligence (AI) technologies to enhance and secure millions of daily cross-border transactions for merchants across over 200 global markets.
The two parties to the deal are EPI , the European Payments Initiative, and the European Payments Alliance (EuroPA). EPI is the bank-led organisation responsible for building Wero , a unified mobilepayments service for Europe.
From Jakarta to Singapore, mobile wallet providers have built one-stop shops for payments, enabled by high smartphone penetration combined with limited innovation from traditional institutions, creating the perfect conditions for digitalpayment solutions to flourish. billion in 2023 to US$25.2 billion in just two years.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. billion user accounts.
Emerging trends such as cross-borderpayment systems and open banking initiatives are breaking down traditional barriers, fostering greater connectivity and efficiency in Asias financial landscape. In Southeast Asia, digitalpayment transactions are projected to exceed US$1 trillion by 2025. billion in 2022 to 96.2
Adoption Rate : Cryptocurrency payment usage remains niche but is growing, with over 420 million crypto wallet users worldwide in 2023. Cross-Border Appeal : Cryptocurrency payments are especially advantageous for cross-border transactions, with lower fees than traditional international bank transfers.
Fintechs are revolutionising payment solutions, offering SMEs accessible, secure, and flexible payment options that help them streamline transactions and expand their customer reach. MobilePayment Platforms Mobilepayment solutions like M-Pesa in Kenya have been transformative for SMEs in emerging markets.
. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”
According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digitalpayments. Singapores Fluid DigitalPayment Landscape Singapores digital wallet scene presents an interesting mix.
Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Its goal is to help grow Indonesias digital economy by enabling seamless transactions for everyone.
In Cambodia, booming adoption of digitalpayments is driving a surge in e-commerce activity, with QR code payments and more broadly the Bakong real-time payment system gaining significant traction, according to a new report by Profitence, a corporate finance firm-based in Cambodia. million transactions in 2023, up 28.7%
Together with our local strategic partners Telr, our combined solution ensures access to popular payment methods, improved performance through local acquiring, and flexible remittance solutions, making their expansion into the UAE both seamless and successful.
Jeff Parker, CEO, says, “Digitalpayments will continue to grow rapidly, with mobile wallets expected to reach 4.8 Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. billion users by 2025, nearly 60% of the global population.
. – Laurent Zahles CEO of Banque Raiffeisen Luxembourgish consumers will have access to EPI’s services via the Wero standalone app, allowing them to make instant account-to-account payments, both within Luxembourg and across borders with Belgium, France, Germany and subsequently the Netherlands.
With mobile wallet adoption expected to reach 63% in 2025 and the prepaid card and e-wallet market projected to grow, the country stands as a digitalpayments leader in Southeast Asia. Backed by government stimulus, booming e-commerce, and a digitally savvy population, Thailand’s e-wallet ecosystem is maturing rapidly.
Bancomat , Bizum and SIBS are bringing European payments to the next level through EuroPA, the European Payments Alliance, by achieving a significant milestone in cross-borderpayments in Europe.
The European Payments Alliance , the initiative aiming to build a pan-European payment service, has taken another step towards achieving its goal, as five firms have agreed to explore a shared cross-borderpayments solution.
Bancomat , Bizum and SIBS are bringing European payments to the next level through EuroPA, the European Payments Alliance, by achieving a significant milestone in cross-borderpayments in Europe.
And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digitalpayments have far and away become the most popular payment method. Cash has dropped to less than 20% of all US payments in recent years.
MobilePayments and Contactless Transactions Consumer payment preferences are shifting: 72% of consumers now prefer digitalpayments over cash. Contactless payments grew by 150% between 2020 and 2023. Mobile wallet usage (Apple Pay, Google Pay) has increased by 80% since 2019. While legal in most U.S.
LankaPay – Sri Lankas National Payment Network – announced their partnership with Ant International , a leading global digitalpayment, digitisation and financial technology provider, to launch Alipay+ acceptance in Sri Lanka at a press conference held on 25 th March 2025 at the Shangri-La Hotel, Colombo.
This guide provides an overview of popular Alternative Payment Methods, their impact, and why theyre becoming critical for businesses worldwide. What Are Alternative Payment Methods? APMs refer to any payment methods outside traditional credit or debit cards. Popular Examples : Bitcoin, Ethereum, USDC (stablecoins).
Nikkei Asia projects that the ASEAN digitalpayments market could reach US$2 trillion by 2030 , underscoring the massive opportunity. As cross-borderpayments become easier, platforms will need to walk a careful line between pushing innovation forward and keeping regulators onside.
non-cash payments increased 6%, with card-based transactions accounting for the vast majority of monthly spending as GDP-supported confidence returned. Business payment activity expanded, with 43% of firms increasing investment in digitalpayment tools—responding to stronger demand and economic stability.
At the Singapore FinTech Festival 2024 , PayPay , Japan’s top QR payment operator, today announced an expanded partnership with Alipay+ , Ant International’s cross-bordermobilepayment and digitalisation technology solution, broadening its merchant coverage network across Japan.
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digitalpayment methods to make a purchase. They also require physical presence for payment. billion transactions and $9.76 trillion in value.
With a comprehensive suite of offerings—including digitalpayments, data and insights, small business lending, and advanced fraud and security solutions, the merged organization is committed to enabling businesses.
Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products. As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration.
Yape is a popular digital wallet and mobilepayment app in Peru, developed by Banco de Crédito del Perú (BCP). ” The collaboration will cover all regions of Peru, allowing users to benefit from cross-border remittances originating from TerraPay’s extensive sender network, which encompasses nearly all countries.
Colombia’s digitalpayments industry is booming, with the country’s leading mobile transactions platform Nequi at the forefront. EBANX , a global technology company specializing in payment services for rising markets, has reported a significant increase in Nequi’s cross-border transaction volume.
The launch comes as Iraq undergoes economic diversification and digital transformation. Digital banking initiatives, mobilepayments, fintech innovation, and economic reforms, have all had a hand in increasing financial inclusion and digital adoption across the country.
They let buyers initiate payments by placing their mobile phone near a compatible payment terminal. The payment method is facilitated by digital wallets like Apple Pay, Google Pay, and Samsung Pay. ACH payments are also reversible, while wire transfers cant be reversed once completed.
With digital banking, mobilepayments, and fintech regulation at the forefront, this event connects 500+ financial leaders, policymakers, and innovators. Discussions will focus on realigning tech infrastructure to support digital growth, making this event a must-attend for those eyeing Vietnams fintech boom.
The expansion of Exactly.com Spain Coverage enhances local payment performance and fortifies cross-border capabilities. Bizum has emerged as a well-established mobilepayment solution in Spain, offering instant transfers directly between bank accounts via users’ mobile numbers.
The findings come from Thunes’ ‘ Complete Guide to Mobile Wallets 2025 ‘, the second edition of an extensive study diving into the acceleration of mobile wallet adoption and the evolution of digitalpayments. “With mobile wallet users expected to reach 5.8
The initiative, which began in late 2022, aims to make cross-borderpayments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based and fast payment modalities to improve payment connectivity across the region. A report by Google, Temasek, and Bain & Co.
Alipay+ , Ant International’s cross-bordermobilepayment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. By using Alipay+, cross-border travelers can experience a new country or market and pay like a local.
FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s top cross-borderpayment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide.
Cross-border e-commerce is seeing explosive growth, driving a race among payment providers and acquirers to equip online sellers with the technology to accept any kind of payment in virtually any region.
The European Union’s leading bank, BNP Paribas and Ant International , a digitalpayment and financial technology leader, have formed a strategic partnership to enhance cross-borderpayment solutions for merchants and consumers in Europe.
In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. An estimated $10 trillion in B2B payment flows move across border every year, yet only a small fraction of that volume is digital. Marrying Payments With Data.
According to the new Simplifying Cross-BorderPayments Playbook , there are five key criteria that an ideal cross-borderpayment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-BorderPayments Are Made. So, what’s the problem? What’s Changing?
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