Tue.Jan 21, 2025

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AI promises 2025 advances for payments industry

Payments Dive

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.

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dtcpay and BNB Chain Bolster Ecosystem for Real-World Stablecoin Use

Fintech News

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.

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Trending Sources

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FIS entangled in Capital One outage over days

Payments Dive

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.

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Stripe is laying off 300 people, but says it still plans to hire in 2025

TechCrunch Fintech

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.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

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

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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

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

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More Trending

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Techcombank’s Digital Channels Propel Growth to 15 Million Users in 2024

Fintech News

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.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

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.

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

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

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UK Government preps digital wallet

Finextra

The UK government is launching a GOV.UK Wallet and App to simplify access to services and documents like digital drivers licences, alongside reforms to public sector technology to save 45 billion and drive efficiency and growth.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Top 10 Largest Fintech Acquisitions in Southeast Asia

Fintech News

Despite a significant year-on-year (YoY) decline, fintech retained its position as the most active tech sector in mergers and acquisitions (M&A) activity across Southeast Asia in 2023. This performance, shared in the SE Asia Tech M&A Review June 2024 report by DealStreetAsia, reflects the sectors resilience and continuous innovation. The report, released in June 2024, highlights a sharp decline in M&A activity across the region in 2023.

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The Role of Artificial Intelligence in Cybersecurity within Fintech

Fintech Review

The fintech sector has revolutionised financial services, offering convenience, speed, and innovation. However, with these benefits comes the heightened risk of cyber threats. Cybersecurity has become a critical challenge, and artificial intelligence (AI) is emerging as a transformative solution. We explore the role of AI in enhancing cybersecurity within fintech, highlighting its capabilities, limitations, and potential future applications.

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Revolut Launches Robo-Advisor in Singapore

Fintech News

Revolut, a global neobank with over 50 million users, has introduced a robo-advisor service in Singapore. This new feature automates investing for Revolut customers by creating and managing a diversified portfolio customised to their individual needs, financial goals, and risk tolerance. The robo-advisor requires a minimum investment of US$ 100 and charges an annual portfolio management fee of 0.75% of the portfolio value, charged each month.

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Payments trends report 2024

The Payments Association

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.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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5 Top Fintech Trends That Will Shake Up Singapore In 2025

Fintech News

Over the past decade, Singapore has emerged as a global powerhouse in fintech innovation, not just in Southeast Asia but across the broader Asian region. The city-state has undergone a transformative journey, evolving from a budding ecosystem to a world-class hub for financial technology. Singapores rise can be attributed to its strategic embrace of digitalisation, proactive government policies, and a thriving startup culture.

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EPC Selects Swift for the EPC Directory Service

Fintech Finance

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.

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Fasanara launches tokenized money market fund on Polygon

Finextra

Fasanara Capital Ltd (Fasanara), a London-based institutional investment manager and global leader in digital finance with over $4 billion in assets under management, has launched its first tokenized Money Market Fund, the Fasanara MMF Token (FAST), held on the Polygon PoS (Proof of Stake) public blockchain.

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Gala Technology Unveils SOTpay Connect, Transforming the Future of Secure Payments

Fintech Finance

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.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

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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Ovoro launches AI-powered crypto trading platform

Finextra

The current state of the cryptocurrency investing market is overwhelming and complicated, with tens of thousands of crypto assets. As the market is fast-paced and running 24/7, keeping up with market development can take time and effort for regular investors.

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Why Stax is a Leading Solution for Merchants That Need Credit Card Payment Processing in Canada

Stax

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

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FiRa adds support for hands-free mobile payments, transit ticketing and access control applications

NFCW

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

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XPP and Oxivo Group Form Strategic Alliance to Transform Public Transport Payment Solutions

Fintech Finance

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.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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A Detailed Guide on Point Of Sale Systems (POS Systems): Everything You Need To Know

Stax

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?

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Worldline and Wix Partner to Expand Commerce & Payments Solutions Online for Businesses in Europe and Asia Pacific

Fintech Finance

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

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Understanding Payment Links: What They Are, How They Work, and Their Use Cases

Stax

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.

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Mastercard Collaborates With Foodpanda to Fuel the Growth of Pakistan’s Digital Economy

Fintech Finance

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.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Indonesia’s OJK Issues New Regulation on Alternative Credit Scoring

Fintech News

The Financial Services Authority ( OJK ) of Indonesia has issued a new regulation to govern Alternative Credit Ratings (PKA), also known as Innovative Credit Scoring (ICS). This move aims to promote financial innovation and inclusion in the country while ensuring the OJK maintains a strong supervisory role over these new providers. The new regulation responds to the growing use of technology in financial services.

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Wearable Paytech Provider MuchBetter Partners with Peoples Group to Expand Services into Canada

Fintech Finance

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.

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Qomodo raises $13.9M to expand BNPL for Italy’s main-street retailers

TechCrunch Fintech

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.

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