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Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. This collaboration will enable businesses using dtcpay to accept payments in stablecoins like USDT and USDC via the BNB Chain network , including BNB Smart Chain and opBNB.
Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are largely in product, engineering, and operations roles, the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% to land at […] 2024 TechCrunch.
The National Payments Corporation of India (NPCI) has recently announced significant regulatory changes aimed at reducing the dominance of existing players in the Unified Payments Interface (UPI) ecosystem and increasing competition. These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digital payment landscape in India, and ensuring equal opportunities for all pa
If youre like many people, its been a while since you last made a payment exclusively with cash. According to Forrester, 69% of adults in the U.S. said theyve used electronic payment methods to make a transaction in the past three months. This also applies to your customers. They no longer handle cash and checks. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Southeast Asia is on the brink of a rapid expansion in open banking, with financial institutions leveraging open banking to enhance customer experiences, and fintech companies utilizing application programming interfaces (APIs) to revolutionising payments, lending, and more. A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving
The FiRa Consortium has published an update to its technical specifications for Ultra-Wideband (UWB) technology that add support for “advanced UWB applications that require various combinations of FiRa features to work together deterministically”, such as mobile payments and transit ticketing. The updated Core 3.0 Specifications “enhance UWBs capabilities, enabling seamless interoperability and unlocking new possibilities for precise and secure ranging and positioning in divers
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour. The payments landscape has seen accelerated growth across both traditional and alternative channels, driven by rising digital adoption, technological advancements, and an increasing focus on seamless user experiences.
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour. The payments landscape has seen accelerated growth across both traditional and alternative channels, driven by rising digital adoption, technological advancements, and an increasing focus on seamless user experiences.
The European Payments Council (EPC) is pleased to announce the start of the delivery project for the EPC Directory Service (EDS), after selecting Swift as supplier for the development and operations of the EDS and after signing an agreement at the end of 2024. Swift has been selected as EDS provider after a Request for Proposal (RFP) process running in the second and third quarters of 2024 and the subsequent approval by the EPC Board in September 2024.
Much like in the United States (and practically the rest of the world, for that matter), Canadian consumers have widely adopted credit cards and digital payments. Research shows that Canada has the world’s highest credit card ownership rate, with 82.7% of consumers owning at least one credit card. With payment methods like credit cards and mobile payments being table stakes these days, the Canadian payment processing landscape has gotten quite crowded with numerous processors and merchant
In a groundbreaking leap for secure payments, Gala Technology proudly announces the launch of SOTpay Connect, a revolutionary new system designed to meet the evolving needs of businesses and consumers. Building on the success of their award-winning SOTpay platform, this latest innovation offers businesses an all-in-one payment solution that is both robust and versatile, catering to a multitude of payment channels while eliminating fraud-related chargebacks.
Any merchant who transacts in the offline world (like brick-and-mortar stores or even mobile businesses) needs a modern point-of-sale (POS) system. The right solution will enable you to ring up sales with ease, as well as manage the various components of your business. But what exactly is a POS system and how do you select the right solution for your business?
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
XPP , the leading omnichannel payment service provider in frictionless payments for public transport and Oxivo Group , a multinational Dutch / Turkish conglomerate expert in unattended electronic payments, signed a groundbreaking partnership agreement. Together, they will introduce a new, revolutionary seamless payment service to the Turkish market that will fundamentally change how public transport payments are processed and experienced.
Accepting payments always comes with processes and fees, particularly when it comes to online or digital payments. From payment gateways to API plugins, there’s a certain amount of IT work required to facilitate the payment process. Now, if youre a small business managing all of that can be time-consuming and difficult. This is where payment links come in.
Worldline (Euronext: WLN), a global leader in payment services, today announced a joint strategic partnership with Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally 1. This collaboration will bring Worldline small and medium enterprises (SMEs) a best-in-class platform to create, manage and grow their online presence, and ultimately increase revenues, while enabling Wix users access to Worldline’s local payments and banking solutions to better meet customer expe
Payments and financial solutions are two-a-penny at this point, but mostly for online e-commerce. What about physical stores? In 2023 Qomodo, a Milan-based “all-in-one” payment methods aggregator for physical merchants, came out with a 34.5 million ($36.9 million) pre-seed round (mostly debt), which we covered, to expand the BNPL model into other categories.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nations transition toward a cashless economy. This collaboration with one of Pakistans leading delivery platforms underscores Mastercards commitment to advancing financial inclusion and strengthening the countrys digital ecosystem.
The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.
MuchBetter , the wearable payments tech pioneer, has made its services available to customers in Canada as part of its rapid growth and expansion plans, helping to break down the many barriers of wearable technology for everyday people. The expansion has been made possible thanks to MuchBetters new payment partner Peoples Group , the Canadian financial services provider, which has approved MuchBetter to be able to offer cards and wearable technology in the Canadian market under its own EMI.
As much as three-quarters (72 per cent) of regulated companies feel overwhelmed by current anti-financial crime compliance demands; according to the latest study by digital compliance and anti-money laundering (AML) solution provider SmartSearch. In the study, ‘ The Compliance Forecast ‘, SmartSearch reveals thatwhile regulations play a critical role in combating increasingly sophisticated criminal activity, many businesses are finding it challenging to navigate the growing complexit
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Standard Chartered today announced the launch of SC PrismFX, its cross-currency Transactional foreign exchange (FX) solutions suite. SC PrismFX is available for Financial Institution (FI), Non-Banking Financial Institution (NBFI), PayTech, and Corporate clients globally. SC PrismFX integrates Standard Chartereds suite of digital, integrated Transaction Banking, Financial Markets, and Digital Platforms capabilities under one brand name to deliver robust FX payment services to its clients across o
Government agencies face mounting pressure to provide efficient, secure, and accessible payment options for their services, agencies, and constituents. The shift from traditional payment methods to modern digital solutions is no longer optional; it is essential for delivering public services effectively and meeting citizen expectations. Challenges in Government Payment Processing Government agencies manage a diverse range of payment types, including tax payments, permit fees, licensing, utility
Today, The Walt Disney Company and Visa , a world leader in digital payments, announced a strategic alliance that will bring a host of benefits and offers to millions of Disney fans across Europe, Middle East and Africa (EMEA). The multi-year relationship will make Visa the Official Payment Partner of Disneyland Paris, as well as Disney Store and Disney Theatrical Group in EMEA.
Sage Intacct is a cloud-based ERP with financial management software that allows customers to consolidate data, provide multidimensional reporting and simplify compliance. When you combine Sage Intacct with BlueSnap AR Automation, businesses can automate their billing, collection and payment processes, while also having access to global payment capabilities all from a single integration.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Business communications innovator LeapXpert has raised $20 million in new funding this week. The Series B round was led by Portage, and featured participation from existing investors, including Rockefeller Asset Management, Uncorrelated Ventures, and the Partnership Fund for New York City. “At LeapXpert, we’re seeing greater and greater demand for our platform, driven in part by the three-year crackdown by global regulators on off-channel communications,” LeapXpert Founder and
The Consumer Financial Protection Bureau (CFPB), the consumer protection agency in the US, has hit Equifax with a $15million fine, after it found that the nationwide consumer reporting agency failed to conduct proper investigations of consumer disputes. The CFPB found Equifax ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted into credit reports, provided confusing and conflicting letters to consumers about the results of its
Fidelity National Information Services blamed a local power loss and hardware failure for the issue, which Bank of Oklahoma said affected more than two dozen financial institutions.
Maybank Islamic , the Islamic banking arm of the Maybank Group , has appointed audax Financial Technolog y, a digital banking technology solutions provider, to spearhead the digital transformation of its banking services. By collaborating with Standard Chartered-backed audax, Maybank Islamic aims to deliver customer-centric digital banking solutions built on Amazon Web Services (AWS), the worlds most broadly adopted cloud, with its first product to launch later this year.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Virtual terminals are revolutionizing how companies manage transactions, eliminating the need for physical systems or point-of-sale (POS) systems. Understanding this functionality is crucial for businesses looking to adapt to customer preferences and improve financial transactions. This article will explore what virtual terminals are, their key features, and how they can benefit businesses.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 21 January 2025. Partnerships and collaborations Barclays has partnered with FinTech Wales , the independent membership association dedicated to supporting the fintech and financial services industry in Wales.Barclays joins a group of 11 partners that provide substantial support to FinTech Wales mission to empower Wales as a globally recognised hub of fintech excellence.
As the tools and strategies available to merchants evolve, one area thats gained significant attention recently is credit card surcharging. Surcharging is a practice that allows businesses to pass on most of the cost of credit card processing fees directly to their customers. If implemented correctly, surcharging can be a valuable way to manage rising operational costs.
Vietnam’s Techcombank has announced strong financial results for the fiscal year 2024, with notable growth in profits, customer deposits, and digital innovations. The bank reported a pre-tax profit of VND 27.5 trillion, representing a 20.3% increase year-on-year. Total operating income reached VND 47.0 trillion, up 17.3% compared to the previous year.
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
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