Thu.Feb 27, 2025

article thumbnail

Flutterwave 2024 report highlights record growth, expansion, and innovation

The Payments Association

Founded in 2016, Flutterwave has become a leader in African enterprise payments, processing over 890 million transactions valued at $34 billion to date. The companys 2024 report highlights the companys strides in broadening its global presence, advancing its technological capabilities, and delivering exceptional value to multinationals expanding into or across Africa.

article thumbnail

Citizens on pace for 100% cloud migration by Q3

Bank Automation

Citizens Bank aims to complete cloud migration by the third quarter as part of its effort to accelerate digitalization and product development. The $217.5 billion Citizens began cloud migration in 2019, Ajay Punia, head of fraud risk and transmissions engineering, told Bank Automation News, adding that more than 80% [of the banks apps] are already […] The post Citizens on pace for 100% cloud migration by Q3 appeared first on Bank Automation News.

article thumbnail

Taktile helps fintechs build automated decision-making workflows

TechCrunch Fintech

The automated logic behind many financial decisions for example, decisions that determine whether a client is approved for a credit line is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with […] 2024 TechCrunch.

article thumbnail

Ecommpay Charity Auction Raises Over €7,000 for Street Child

Fintech Finance

Ecommpay , the truly inclusive global payments platform, recently held a charity auction like no other. Employees from the UK, Latvia, Kazakhstan and Cyprus offices came together to raise funds for Street Child, a charity dedicated to working with local organisations around the world to ensure every child has access to an education. Employee bids raised more than €2400 which was then trebled by the company to give Street Child €7395.

SWIFT 78
article thumbnail

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

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.

article thumbnail

How Fintech and AI Have Joined Forces to Improve Back-Office Operations

The Fintech Times

A couple of years after its initial boom, artificial intelligence (AI) still remains a huge buzzword in the fintech industry, as every firm looks at a new way of integrating the tech into its infrastructure to gain a competitive edge. Exploring how they are going about doing this in 2025, The Fintech Times is spotlighting some of the biggest themes in AI this February.

AI 76
article thumbnail

Optimus poised for growth in the payments sector

The Payments Association

Optimus, a leading regulated technology company specialising in payment solutions, is set for significant growth in 2025. With a revamped commercial strategy and an unwavering commitment to customer-centric solutions, Optimus is primed to solidify its position as a key player in the payments industry. The company’s planned expansion into the European market later this year will mark a significant milestone in its growth trajectory.

IBAN 88

More Trending

article thumbnail

EY payments forum: Regulatory outlook for 2025 and beyond

The Payments Association

Date: Thursday, March 27, 2025 Time: 08:30-10:30 GMT Location: EY, 25 Churchill Place, Canary Wharf, E14 5EY The next EY payments forum takes place in March, focusing on the regulatory outlook for the payments industry in 2025 and beyond. The event will be hosted by EY payments leaders Abigail Viljoen , Andrew Pilgrim , Alla Gancz , and Genevieve Majoribanks.

article thumbnail

Entrust Enables European Issuers to Create Their Own NFC Issuer Wallet on iOS Devices

Fintech Finance

Entrust, a global leader in identity-centric security solutions, has announced the launch of the NFC Issuer Wallet Solution for iOS, allowing European financial institutions to build their own wallet within their banking app, in addition to deploying the Apple Pay Wallet. “Mobile NFC payment, or tap-to-pay, is a preferred payment method for a lot of consumers.

Issuers 80
article thumbnail

FedNow boosts send option to $1M

Payments Dive

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

FedNow 188
article thumbnail

From Riyadh to Orbit: Exploring Neo Space Group at LEAP 2025

The Fintech Times

LEAP 2025 in Riyadh not only revealed a $14.9billion investment in artificial intelligence but also served as a platform for major technology showcases. The event draws global attention to Saudi Arabias ambitions to lead in technology and innovation, aligning with Vision 2030s goals, with Neo Space Group (NSG) adding to the conversation with its plans for the space sector.

article thumbnail

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

article thumbnail

Online Payments and the eCommerce Market in 2025

Clearly Payments

Ecommerce in 2025 is bigger and faster than ever. Global online sales are expected to hit $8.3 trillion, growing by more than 55% since 2021. Over 70% of all purchases now happen on mobile devices, and digital wallets are used in more than half of all online transactions. Consumers are shopping smarter, demanding convenience, security, and speed like never before.

BNPL 59
article thumbnail

PagBrasil Launches 1-Click Pix to Reduce Cart Abandonment and Improve Cashflow

The Fintech Times

The digital payments firm, PagBrasil is making it easier for retailers and e-commerce firms to offer customers more convenient Pix payments following the launch of its latest offering 1-Click Pix. 1-Click Pix will allow users to make transactions without being redirected to their bank’s app. This removes a friction point that has existed when making a Pix payment.

article thumbnail

Orum Teams Up with Visa Direct to Launch Faster Payments

Fintech Finance

Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S. customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct. Orum’s Deliver API allows businesses and financial institutions to integrate quickly to a single API that optimizes and orchestrates payments using Visa Direct and other local real-time1 pay

article thumbnail

Consumers and Businesses Alike Increasingly Choose Open Banking for Travel Payments, Finds Trustly

The Fintech Times

Trustly , the Swedish open banking payment solution provider, has revealed that UK holidaymakers spent 230 per cent more year-on-year on travel in January 2024 using account-to-account payment technology. Adoption of Pay by Bank is gradually increasing among both consumers and businesses alike, Trustly says, as it reveals that, across Europe, using it to spend on travel has risen by seven per cent YoY in January.

article thumbnail

From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

article thumbnail

Montonio x Inbank Expand Financing Solutions to Latvia and Lithuania

Fintech Finance

Montonio , a leading provider of online payment and checkout solutions, today announced the expansion of its partnership with Inbank to deliver Buy Now, Pay Later (BNPL) in Latvia and Hire Purchase solutions in Latvia and Lithuania. These offerings have proven successful in Estonia, where hundreds of merchants report increased sales, improved conversion rates, and a more flexible customer shopping experience. “Expanding our BNPL to Latvia and Hire Purchase solutions to Latvia and Lithuania

Finance 52
article thumbnail

Bank of Canada Joins the CCMS in Move to Align With Global Standards

The Fintech Times

The Bank of Canada has opted to utilise the Canadian Collateral Management Service (CCMS) to execute its market operations with greater speed and flexibility. Developed by Canada-based financial services company TMX Group alongside Clearstream Banking SA , the commercial bank money service provider, the CCMS facilitates the optimisation and collateralisation of securities finance activities throughout the Canadian market.

article thumbnail

Why Stablecoins Will Transform Global Finance in the Next Two Years

Finextra

In 2024, the stablecoin market grew by 57% and analysts expect the sectors expansion to accelerate.

article thumbnail

Travelnest Opts for Mangopay to Optimise Payment Processes and Reduce Costs

The Fintech Times

Holiday rental platform Travelnest has selected Mangopay , the wallet infrastructure provider, to optimise its end-to-end payment process, improving efficiency and reducing costs for the platform. Through the new partnership, Mangopay will provide payment integration, including multi-currency support, to meet the requirements of Travelnest. The solution will optimise the flow of funds from both booking platforms and guests, improving efficiency for the holiday rental platform and reducing costs.

Process 59
article thumbnail

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?

article thumbnail

Marqeta replaces CEO, makes acquisition

Payments Dive

The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.

article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 27/02

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 27 February 2025. Partnerships PXP, an omnichannel global payment platform, hasunveiled an integrationwith Snowflake, which willcombinePXPs technology platform with Snowflakes platform capabilities to enable merchants and partners to better analyse business data and enable faster decision-making.

FinTech 59
article thumbnail

Gen Z uses BNPL more than credit cards, survey shows

Payments Dive

A J.D. Power survey of about 4,300 U.S. consumers found that more of them used buy now, pay later products than credit cards during the holiday shopping season last year.

article thumbnail

Exactly.com showcased payment solution for rapid scaling at Retail Technology Show, London

The Payments Association

Exactly.com , a UK-based international payment provider, recently showcased its full-stack payment solution at the Retail Technology Show, which took place at ExCel London from March 2-3, 2025. The in-house-built system is designed to accelerate e-commerce businesses’ revenue, lower acquisition costs, and prevent fraud. According to Retail Weeks ‘ How Theyll Spend It’ 2025 report, only 8% of UK shoppers plan to increase their spending this year, while 72% are waiting for major

article thumbnail

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

article thumbnail

Vanar Chain and Worldpay team on Web3 payments

Finextra

Vanar Chain, the pioneering Layer 1 blockchain, is proud to announce a strategic partnership with Worldpay, a global leader in payments technology, to drive innovation in Web3 payment solutions.

article thumbnail

Everchanging chargeback prevention landscape: How avoided.Io safeguards revenue with real-time fraud detection

The Payments Association

Avoided.io was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. In an era where digital transactions are booming, merchants face escalating chargeback rates, revenue losses, and reputational damage. Traditional fraud prevention tools are slow, reactive, and often ineffective. We saw a need for a proactive, real-time solution that prevents disputes before they become chargebacks.

article thumbnail

Democrats needle McKernan at nomination hearing

Payments Dive

Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined up to be the No. 1 horse at the glue factory.

CFPB 78
article thumbnail

Partner (love) story in open banking: A heart-to-heart with Finastra and Salt Edge

The Payments Association

When thinking about love, open banking isnt the first thing that comes to mind. However, its spirit can undeniably be sensed in the open banking air, too. How else do we explain plain fintechs desire to bond, forge partnerships, and drive innovation together? Salt Edge sat down with Achim Thienel, Director, Product Management, Universal Banking at Finastra , to discuss how Finastra views our partnerships journey, its impact, and the exciting future ahead.

article thumbnail

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.

article thumbnail

Ethical Considerations in the Deployment of DeepSeek AI in Fintech

Fintech Weekly

Discover the ethical challenges of deploying DeepSeek AI in fintech, including data privacy, AI bias, and consumer trust. Learn best practices for secure and responsible AI implementation.

AI 78
article thumbnail

Stripe bids for worker shares in offer worth $91.5B

Payments Dive

The payments processing company will join with some of its investors to buy stock from current and former employees, Stripe said Thursday.

Process 78
article thumbnail

Stripe hits $91.5bn valuation as AI investment pays off

Finextra

Stripe has announced a tender offer for employees and shareholders that values the payments giant at $91.5 billion, close to its 2021 peak of $95 billion.

AI 75
article thumbnail

Mastercard taps State Dept official for top role

Payments Dive

Richard Verma will rejoin the company this spring as chief administrative officer, overseeing legal and government affairs, Mastercard said Wednesday.

Visa 78
article thumbnail

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