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HitPay , a payments solution provider for businesses, has partnered with NPCI International Payments Limited (NIPL) to integrate Indias Unified Payments Interface ( UPI ) into its platform, This move will enable Singapore merchants to accept UPI payments for both in-store and e-commerce transactions. The integration gives businesses access to over 450 million UPI users in India, offering a cost-effective alternative that can save merchants up to 50% on fees compared to traditional credit cards.
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government. The report follows on from recent news1 that building levels are falling and companies do not have the confidence to invest.
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 billion transactions and $9.76 trillion in value. On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward.
Mswipe , the business paytech headquartered in India with a network of 800,000 merchants, has completed the next step in its global expansion plan as it announces a new partnership with Cashflows , another paytech focusing on business payments, which will enable it to enter the UK market and offer efficient and cost-effective payment solutions. The partnership has enabled Mswipe to acquire a BIN sponsorship model which will allow the firm to focus on merchant acquisition and management and tailo
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.
From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important? Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.
Indian fintech firm Pine Labs is gearing up for a domestic initial public offering (IPO) in the second half of 2025, CEO Amrish Rau told Reuters. Indias equity markets have seen over US$1 trillion wiped off in market capitalisation amid weak investor sentiment. Amrish Rau However, Rau indicated that Pine Labs remains committed to its IPO timeline and is focused on long-term growth rather than short-term market fluctuations.
Savings and purchase fulfillment platform SaveAway has introduced a suite of new features. The new functionality includes Custom Plans and Friends & Family Comments and Voting, which move beyond traditional anonymous reviews and blind gift-giving. SaveAway made its Finovate debut at FinovateFall 2016 in New York. Om Kundu is Founder and CEO. Goal-based savings and purchase fulfillment platform SaveAway introduced a range of new features.
Savings and purchase fulfillment platform SaveAway has introduced a suite of new features. The new functionality includes Custom Plans and Friends & Family Comments and Voting, which move beyond traditional anonymous reviews and blind gift-giving. SaveAway made its Finovate debut at FinovateFall 2016 in New York. Om Kundu is Founder and CEO. Goal-based savings and purchase fulfillment platform SaveAway introduced a range of new features.
ORLANDO, Fla. AI agents could soon be moving money from one bank account to another without being queued by the accountholders. I think the agentic world, where agents are actually acting on consumers behalf, is probably going to happen in the next two to three years, Zach Perret, co-founder and chief executive at data […] The post Plaid CEO: AI Agents could soon represent customers appeared first on Bank Automation News.
The UK’s Financial Conduct Authority (FCA) has begun a public consultation on proposed plans to either significantly increase or remove altogether the current 100 (US$129.83) limit on contactless card transactions. The FCA has set out its thinking in an engagement paper on contactless payment limits. The associated call for feedback is open until 9 May 2025. “The FCA is looking at whether removing or increasing the contactless limit could benefit consumers, merchants and economic gro
Payments giant Mastercard is expanding its collaboration with Paymentology , the global issuer processor, to facilitate card issuance for fintech companies in South Africa. While the fintech sector in South Africa enjoys rapid growth, contributing around 40 per cent of the total fintech revenue in Africa, Mastercard and Paymentology say they have recognised that many fintech struggle to scale their payment solutions.
NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced the release of a groundbreaking paper that explores how financial institutions can optimize their ATM operations through various management models, with a particular focus on ATM as a Service (ATMaaS).
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
To develop tokenised investment products and services in Dubai, the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), is inviting firms to express their interest in participating in the DFSAs Tokenisation Regulatory Sandbox. The Tokenisation Regulatory Sandbox would allow firms to test innovative products and services in a controlled environment.
The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. This license extends FlexM’s regulated financial services, enabling the company to offer cross-border money transfer services to its customers in Singapore. FlexM, established in 2015, initially operated as a Stored Value Facility, focusing on democratising financial inclusion for the underbanked before expanding to offer Fintech-as-a-Service for businesse
According to Statista , fintech in Latin America (LatAm) suffered in 2023, with less than $2billion invested in fintech ventures a drastic drop from 2021s value of $6billion. Nonetheless, in the face of this hardship, fintechs have still continued to emerge and find success in the region, and across 2024, investment levels surged back up over $2billion again.
Apple’s Tap to Pay on iPhone service is now available in Bulgaria, Finland, Hungary, Liechtenstein, Poland, Portugal, Slovakia, Slovenia, and Switzerland, “enabling millions of merchants to use iPhone to seamlessly and securely accept in-person, contactless payments.” The softPOS contactless payments acceptance service, which lets merchants accept contactless payments on their smartphone without the need for any additional hardware, works in conjunction with an iOS app provided
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.
J.P. Morgan Payments is adding the Netherlands-based payments network iDEAL as a new payment method option at the checkout of its global commerce platform, in a move to expand its European e-commerce capabilities. With the addition of iDEAL, J.P. Morgan Payments will provide an integrated, streamlined experience to meet its clients evolving needs and a seamless, familiar and secure way for their Dutch customers to pay directly from their bank accounts when shopping online.
Edenred Payment Solutions has announced the launch of a new Virtual Card Number (VCN) product designed to help make claims payouts faster and easier for policyholders. Instead of waiting weeks for reimbursements, customers can now get instant access to funds right when they need them. For years, insurance claimants have had to deal with the hassle of paying upfront, filing claims, and waiting for refunds.
The UK’s Financial Conduct Authority (FCA) has approved Atoa Payments , an open banking-enabled payments provider, to operate as an Authorised Payment Institution (API). Having secured FCA authorisation, Atoa Payments can now offer a broader suite of regulated payment services, including payment initiation services, virtual account services and payment account information services, to larger businesses across the UK.
Checkbook , a leading innovator in payment solutions, today announced the launch of its new payment rails, now integrating PayPal and Venmo seamlessly into its existing APIs. This significant advancement empowers businesses to send funds directly to their customers digital and mobile wallets, offering increased speed, convenience, and flexibility. In todays fast-paced digital economy, customers expect seamless and instant payment experiences to meet them where they are.
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?
The Power 50 , which showcases 40 fintechs and 10 industry influencers each year, has unveiled the first-ever ‘Payments Power 50’ list, in a move to spotlight the most innovative companies and individuals making waves in the global payments industry. With the payments industry flourishing, accounting for the largest share of funding among all fintech subsectors in 2024, The Power 50 recognised the need for a specific list for these companies and influencers to compliment its existing
As of March 2025, the United States maintains a diverse business landscape, with approximately 33.2 million businesses across various industries. This analysis covers the distribution of these businesses by industry, providing detailed insights into the number of establishments, employment figures, and revenue statistics. Overview of Business Distribution by Industry The following table presents a detailed breakdown of the number of businesses, total employment, and annual revenue across major U
Klarna , the AI-powered payments and commerce network, is partnering with consumer finance app OnePay to offer instalment loans for purchases at Walmart in the US. Following the Klarna and OnePay collaboration, millions of weekly Walmart customers in the US will be able to access flexible payment options for items both online and in-store. OnePay, the consumer fintech backed by Walmart and Ribbit Capital , is already integrated inside Walmarts physical and digital channels, offering financial se
As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. For companies using Sage 100, understanding how to process credit cards securely is not just an option it’s a necessity. Thankfully, this article will serve as a complete guide to help you securely process payments inside Sage 100, covering everything from integrating payment gateways into this system to ensuring compliance with security standards.
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
AKUVO , a leading technology organization specializing in collections and credit risk management, is proud to announce that Prosperity Bank , with $40 billion in total assets, has chosen AKUVO’s platform to streamline its collections processes. “We are excited to partner with Prosperity Bank, a growth-focused institution that shares our commitment to innovation and customer service,” said Steve Castagna, AKUVO Chief Revenue Officer. “As the financial industry continues to
In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EUs Instant Payments Regulation across credit transfers in Euro. NextGen Nordics 2025 at the Mnchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will explore how VoP can reduce fraud and payment, and prepare for 5 October 2025, the effective date of the VOP scheme rulebook.
MineSec , a leading provider of innovative payment solutions, today announced that 7Pay, a renowned payment platform provider, has selected MineSec as its partner to power its next-generation SoftPOS solutions. 7Pay offers a comprehensive in-store solution for cashless payment systems and has been a pioneer in providing SoftPOS solutions to banks, ISO partners, and third-party providers in the CEE region.
Its early days, but theres a lot of buzz around Keir Starmer s recent AI action report.Promising to supercharge the UKs AI ecosystem and create a Silicon Valley for Europe in the Oxford/Cambridge brain belt, its a great vision. But with only 50 pages and light on detail, Im left wondering: wheres the concrete plan? This could be a once-in-a-generation opportunity to generate jobs, boost the UKs GDP by 31billion, and cement the UK as the number one location for AI investment and job creation.
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.
ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, and Ingo Payments , a leading provider of embedded banking and money mobility solutions, today announced a partnership to provide a flexible, fast and secure digital disbursements solution: ACI Speedpay Digital Disbursements. This new solution is a value-added feature as part of the ACI Speedpay platform to help businesses scale their disbursement operations efficiently to meet customer expectations and evolving r
Sezzle , a US-based buy now, pay later (BNPL) solution, is launching a suite of new features, in a move to financially empower the next generation of shoppers. Sezzle has unveiled a new ‘deal discovery’ feature, alongside auto-applied coupons and price drop notifications to its app, which all aim to help shoppers take advantage of savings.
SmartBiz, a fintech providing loans to small and medium-sized businesses, has completed its acquisition of United Community Bancsharesand its subsidiary, Centrust Bank. The acquisition, approved by the Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago, transitions SmartBiz into a full-fledged banking institution operating under the newly established SmartBiz Bancshares, […] The post Fintech acquires bank to gain banking charter license appeared first on Bank
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 18 March 2025. Industry hires Guavapay, a provider of end-to-end payment solutions headquartered in London, UK, appoints Guy Noble as its new CEO for Guavapay UK. Under his leadership, Guavapay will continue to develop its flagship products, MyGuava and MyGuava Business, while exploring new markets, partnerships and fintech innovation.
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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