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Global payments infrastructure provider Nium has expanded its partnership with Kinexys by J.P. Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. Nium Verify, a service offering insights into account beneficiaries, now integrates with Confirm, Kinexys’ global account validation platform.
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.
OCBC Bank has launched a new service allowing customers to send money instantly to users of WeChat Pay and Alipay in China. This makes OCBC the first bank in the Asia Pacific region to offer this capability. The service, available through the OCBC mobile banking app, uses Visa Direct to facilitate these peer-to-peer transfers, which now take mere seconds compared to the previous 2-5 days needed for traditional methods.
Singapore FinTech Festival returned for its ninth annual edition, bringing together policy, finance and technology communities at the Singapore EXPO. As expected, innovations and announcements were rife throughout, here’s a roundup of all the news coming out of the global event. Organised by the Monetary Authority of Singapore (MAS), Global Finance & Technology Network (GFTN) and Constellar , in collaboration with The Association of Banks in Singapore , Singapore FinTech Festival 2024
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.
Jeel, the digital innovation arm of Riyad Bank, and audax Financial Technology , backed by Standard Chartered, have announced a strategic partnership to modernise Saudi Arabia’s banking sector. This collaboration combines Jeel’s technological expertise with audax’s digital banking solutions, aiming to enable digital transformation for financial institutions that operate in Saudi.
Maya , a leader in the payments sector in the Philippines, has announced the rollout of Fexco ’s Dynamic Currency Conversion (DCC) across its extensive network of merchants via Maya Business. This collaboration marks a significant step in Maya’s strategy to respond to the rising demands of international customers and the growing tourism sector in the Philippines.
ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB , PwC Singapore, and the Singapore Fintech Association. This growth, largely seen in payments and alternative lending, is set to advance further with the integration of Generative AI and quantum computing.
ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB , PwC Singapore, and the Singapore Fintech Association. This growth, largely seen in payments and alternative lending, is set to advance further with the integration of Generative AI and quantum computing.
Maya, a Filipino financial services and digital payments company, has partnered with Fexco to introduce Dynamic Currency Conversion (DCC) across its network of 112,000 in-store terminals. This new feature allows international customers to pay in their home currency, offering convenience and transparency while contributing to the growth of the tourism sector.
Finseta , a leading international payments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions. With the increasing concern over Authorised Push Payment (APP) fraud, which resulted in 252,626 reported cases in 2023, Finseta recognizes the critical importance of providing a solution that sa
BCA Syariah, the Islamic banking arm of Bank Central Asia (BCA), has partnered with Thought Machine to modernise its services in Indonesia. Using Thought Machine’s cloud-based platform, Vault Core , BCA Syariah has launched new products like Wadiah savings accounts, e-wallet top-up, and a Hajj Fee Deposit service. The bank also plans to introduce term deposit products and gold financing in the near future.
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
XMDS Holding , renowned for its flagship company Ximedes, a pioneer in software solutions for FinTech and FareTech, proudly announces the launch of XPP. XPP becomes the umbrella organisation under which the specialised payment solutions Vayapay, Ginger Payments, KUARIO, and Pecunda operate. This strategic combination strengthens these proven solutions in their specific markets, from education and public facilities to public transport and financial services.
The PCI Security Standards Council (PCI SSC) is developing guidance to help stakeholders understand and implement the new e-commerce security requirements included in PCI Data Security Standard (PCI DSS) v4.x. Stakeholders have indicated that these requirements are complex for many entities to implement (including merchants validating to Self-Assessment Questionnaire (SAQ) A).
A new nationwide survey conducted by research firm Insight Intelligence in partnership with Trustly , Adyen , Swedbank , and PostNord Strålfors , reveals significant changes in the payment habits of Swedes over the past decade. The survey highlights that more than 98% of Swedes now rely on direct payment solutions from the three leading brands in the space.
Pix has established itself as one of the leading digital payment methods across the globe, and to ensure more countries continue to accept the payment method, Peruvian fintech, B89 has partnered with PagBrasil , the cross-border solutions developer for Pix. The new partnership will allow Brazilian citizens, either tourists or residents, to use Pix International and pay in Brazilian reais in Panama , Colombia , Peru , Bolivia , Paraguay, Venezuela, and Ecuador.
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.
At the Singapore FinTech Festival 2024 , PayPay , Japan’s top QR payment operator, today announced an expanded partnership with Alipay+ , Ant International’s cross-border mobile payment and digitalisation technology solution, broadening its merchant coverage network across Japan. By working with local partners including PayPay, Alipay+ will now connect over 3 million local merchants to the global payment ecosystem, enabling local businesses and payment partners to provide global visitors s
NatWest has partnered with Capco , the global management and technology consultancy, to ensure a smooth transition for its systems and clients as the financial industry moves to adopt ISO 20022 for payments and reporting. The collaboration facilitates customer, operational and infrastructure opportunities through the development of Bankline Direct Digital, the new strategic ISO 20022 compliant cloud-based architecture behind Bankline Direct.
Crypto.com’s new functionality, new partnership, and plans for the new year Recently crowned the king of North American crypto trading , Crypto.com announced this week that it launched a new partnership with payments acceptance provider Ingenico. The partnership will enable users of Ingenico’s platform globally to accept payments in cryptocurrency.
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 UK’s largest independent payments broker Accept Cards has today launched an innovative cash payments solution to respond to SME demand for instant, affordable cash deposits which underpin cash flow stability. Accept Cash will utilise Smart Safe technology so that businesses can deposit into a smart safe and settle to their bank account the same day, creating the most convenient way to bank when bank branches are closing and the Post Office fight with the growing demand – helping to su
Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a public-private collaboration between Mastercard and the Arab Regional Payment System, Buna. The collaboration will see Mastercard join Buna’s cross-border payment systems as a direct participant.
Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. One of its key innovations is an AI-powered foreign exchange (FX) model capable of predicting currency exchange rates hourly. This enhanced precision helps reduce transaction costs for merchants, offering them greater financial flexibility.
Digital payments have seen tremendous growth across 2024, and looking to keep this trend going in Italy and beyond, Italian international banking group, Intesa Sanpaolo has renewed its multi-year strategic partnership agreement with payments giant, Visa. The expanded partnership will see the continuation of existing projects, as well as the introduction of new, innovative products and services for Intesa customers.
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
Ant International is teaming up with industry partners to create a new tool to help small businesses in Asia become more sustainable. Called the “MSME Sustainability Impact Scorecard” (MSME S-Card), this digital solution will make it easier for these businesses to track their environmental and social impact. The scorecard is part of Ant International ‘s broader Programme Sirius initiative, which focuses on helping MSMEs adopt sustainability practices in line with global standar
Visa , a global leader in digital payments, today announced collaborations with QR payment providers to allow consumers to use their digital wallets to scan and pay at point-of-sale QR when they travel abroad. The pilot program will begin in Singapore, with more to be rolled out across the region in the coming year. Utilising its network expertise, Visa will enable consumers to use their everyday payment apps to scan and pay at QR merchants whether at home or abroad.
Network for Electronic Transfers ( NETS ) has announced the islandwide rollout of SGQR+, an enhanced version of Singapore’s national QR code standard. Following a successful proof of concept (POC) conducted in November 2023 during the Singapore Fintech Festival , SGQR+ simplifies digital payments by enabling businesses to accept multiple payment schemes through a single QR code.
As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day. By combining the fraud-busting powers of tokenization, convenience of payment passkeys, and the addition of streamlined guest checkout capability courtesy of Click to Pay, consumers can now enjoy seamless, one-click chec
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.
Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS) , addressed the Singapore Fintech Festival 2024 , emphasizing the importance of community, collaboration, and capabilities in shaping the future of fintech. Speaking at a fireside chat, Chia highlighted the vibrancy of Singapore’s fintech community and its global reach, supported by initiatives like the Global Fintech Network (GFTN) , which aims to strengthen international collaboration.
Checkout.com , a leading global digital payments provider, today announced a new partnership with insurance technology leader, Sure , to improve the digital experience for consumers accessing insurance products, by boosting payments performance. The move is set to transform Sure’s digital payments strategy and support its Fortune 500 partners, enabling them to grow in the digital economy.
The Global Finance & Technology Network ( GFTN ) has announced a partnership with Ecosystm to develop its global research, learning, and advisory platform. This marks Ecosystm as GFTN’s first structural partner in its goal to strengthen financial services in emerging markets. Over the past eight months, GFTN has collaborated with Ecosystm’s Amit Gupta and Ullrich Loeffler to address key challenges in the financial sector.
Fail, fast, forward. This is a mindset that everyone who is tackling a digital transformation initiative is tasked with executing. Modernize, Transform, Go Agile, Scale!
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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