Mon.Nov 11, 2024

article thumbnail

Cambodia and Mastercard Roll Out ‘Bakong Tourists’ App for Seamless Payments

Fintech News

The National Bank of Cambodia (NBC) has launched the Bakong Tourists app in collaboration with Mastercard at a ceremony in Phnom Penh. The app simplifies digital payments for international tourists visiting Cambodia. Tourists can download the app upon arrival and seamlessly top up their Bakong accounts using their Mastercard issued in their home countries.

Visa 117
article thumbnail

Thunes and Papara Establish a Bilateral Partnership to Enable Cross-Border Transfers to and from Türkiye

Fintech Finance

Thunes , the Smart Superhighway to move money around the world, today welcomed Papara , Türkiye’s leading fintech company, as a new Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This alliance empowers Papara users in Türkiye, enabling them to send money into 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards in over 80 currencies to more than 130 countries.

article thumbnail

Open banking: A revolution faltering? Examining the European experience and future prospects

The Payments Association

Open banking, the initiative allowing third-party providers (TPPs) access to customer financial data with explicit consent, promised a revolution in the financial landscape. Initially lauded as a catalyst for innovation and consumer empowerment, its European rollout, while making significant progress, has fallen short of initial expectations. This article delves into the goals, challenges, and future of open banking, focusing specifically on the profitability concerns hindering widespread adopti

article thumbnail

USI Money To Implement Visa Direct to Enable Fast, Seamless Payments

Fintech Finance

USI Money today announced its collaboration with Visa , a global leader in digital payments, to implement Visa Direct. The combination of USI Money’s technology and the Visa Direct platform will allow customers to send money directly to bank accounts and digital wallets around the world. Through this partnership, USI Money strengthens its role as a leading payment service provider, addressing the diverse needs of its clients by offering an extensive range of payout options.

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

Paul Marcantonio joins Paytently as General Manager

The Payments Association

Paytently , a leading fintech firm known for its innovative payment orchestration platform, is thrilled to announce the appointment of Paul Marcantonio as General Manager. With over 20 years of experience in regulated payments and the interactive entertainment industry, Paul brings extensive knowledge and expertise that will further strengthen Paytently’s position in the global payments landscape.

article thumbnail

BankservAfrica Announces the SARB Intention to Acquire 50% of the Company

Fintech Finance

BankservAfrica is pleased to announce a significant industry collaboration with the South African Reserve Bank (SARB) , intended to transition the company into a national Payments Utility through a collaboration with commercial bank shareholders. Whilst still subject to conclusion of the detailed transaction agreements and regulatory approvals, this strategic partnership seeks to bolster efforts to modernise South Africa’s national payment system, making the payment system more secure, inclusive

More Trending

article thumbnail

Careem Pay Expands International Remittance Service With Five New European Corridors

The Fintech Times

Careem , the self-proclaimed ‘everything app’ in the UAE, has expanded the international remittance service of its digital wallet and fintech platform, Careem Pay. Now, UAE residents using Careem Pay can transfer money to bank accounts in Spain, Italy, France, Ireland, and Germany. Careem explained that it also plans to launch more European corridors in the near future.

IBAN 69
article thumbnail

BNZ Snaps Up Open Banking Fintech BlinkPay

Finovate

BNZ has acquired open banking payments company BlinkPay to enhance its focus on real-time, bank-to-bank payment solutions across New Zealand. Financial terms of the acquisition were not disclosed. BlinkPay will maintain its original leadership and culture, with company Co-founder Adrian Smith appointed as CEO. BNZ announced today it has acquired fellow New Zealander BlinkPay , an open banking focused payments company.

FinTech 52
article thumbnail

Travelex to replace over 600 ATMs with NCR Atleos

Finextra

Travelex, a market leading foreign exchange brand, has launched a major refresh of its international ATM estate, replacing the hardware and software of its entire portfolio of 600 ATMs across eight countries.

ATM 145
article thumbnail

Financial Protection and Fraud Resolution Efforts Can Boost Customer Loyalty, Finds J.D. Power

The Fintech Times

More than one-fourth (29 per cent) of bank customers and 22 per cent of credit card customers have experienced some instance of fraudulent activity on their accounts in the past 12 months alone, according to a new study by J.D. Power , the consumer intelligence company. The inaugural J.D. Power US Financial Protection Satisfaction Study , reveals that 26 per cent of bank customers and 31 per cent of credit card customers have not taken any recent measures to secure their accounts.

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

Southeast Asia’s Digital Financial Services Revenues Soared To US$ 33B in 2024

Fintech News

Digital financial services (DFS) in Southeast Asia (SEA) are experiencing a remarkable growth trajectory, with projected revenues soaring by 22% from US$22 billion in 2022 to US$33 billion in 2024, a new report by Google, Temasek and Bain and Company says. The annual e-Conomy SEA report explores the trends and insights of the five mainstay digital sectors in SEA, namely e-commerce, travel, food and transport, online media, and DFS.

NOV 134
article thumbnail

American Express Partners with MX to Enhance Secure Digital Banking Options

The Fintech Times

American Express and MX Technologies have formed an API-powered data access agreement, enabling secure connections between American Express accounts and third-party financial institutions or fintech apps. This integration provides American Express customers with greater control and transparency over how they share their financial data, using secure authentication without needing to share credentials.

article thumbnail

Australia seeks industry participation in CBDC project

Finextra

The Reserve Bank of Australia is calling on industry players to take part in the experimental research phase of a project exploring the development of a wholesale CBDC and tokenised bank deposits.

CBDC 128
article thumbnail

Bitbank Unveils VC Subsidiary, Bitbank Ventures, Planning to Back Promising Blockchain Projects

The Fintech Times

Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures is established as a wholly-owned subsidiary of the crypto exchange, which aims to conduct ‘more serious’ investment activities in projects that utilise crypto assets and blockchain technology.

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

NatWest reveals the fastest-growing scams of 2024

Finextra

The fastest growing scams of 2024 have been uncovered in a new study by NatWest which reveals 42% of British adults have been targeted by a scam in the last 12 months.

Scams 119
article thumbnail

Salesforce to NetSuite Integration: The Complete Guide

Nanonets

Integrating NetSuite and Salesforce can be a game-changer for organizations, enabling seamless data flow between the two most common mid-market CRM and financial systems. This guide will help you understand how to integrate the two, what the benefits are, and integration methods that make NetSuite and Salesforce a powerful combination. Overview of Salesforce and NetSuite Use Cases Salesforce and NetSuite are the two leading CRM and ERP software solutions for the mid-market.

CRM 52
article thumbnail

FOMO SoftPOS Enables Singapore SMEs to Accept Card Payments on Smartphones

Fintech News

Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone payment solution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store. FOMO SoftPOS offers a more affordable and convenient alternative to traditional POS terminals, significantly reducing hardware costs by over 90%.

article thumbnail

Italian Unicorn Satispay Raises Another €60 Million

Fintech Finance

Satispay – the innovative payment network that reached unicorn status in September 2022 following a funding round led by Addition – has completed a new capital increase of €60 million, bringing total funds raised to over half a billion euros. The operation, which is supported by the three main investors, Addition, Greyhound, and Lightrock, reflects Satispay’s solid partnership with its main investors, who, in light of the excellent progress over the past two years, saw an opportunity to exponent

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

Singapore-based mixed reality and AI company, BuzzAR, launches BuzzPay

Finextra

Singapore-based mixed reality and AI company, BuzzAR, welcomes Romeo Sun as their new Co-Founder and Payment Head and launches BuzzPay on 11 November.

AI 97
article thumbnail

Paul Marcantonio Joins Paytently as General Manager

Fintech Finance

Paytently , a leading fintech firm known for its innovative payment orchestration platform, is thrilled to announce the appointment of Paul Marcantonio as General Manager. With over 20 years of experience in regulated payments and the interactive entertainment industry, Paul brings extensive knowledge and expertise that will further strengthen Paytently’s position in the global payments landscape.

article thumbnail

Will Shift4 scoop up Lightspeed?

Payments Dive

The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

article thumbnail

Mastercard and Emirates NBD Partner to Empower a Virtual Future for B2B Travel Payments

Fintech Finance

Emirates NBD , a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region and Mastercard have partnered to introduce the Emirates NBD Wholesale Travel Solution, an innovative virtual card based B2B payment product now available to travel agencies. This new collaboration marks the continuation of a long-standing strategic partnership between the two companies and aims to digitize and optimize payment flows between travel agencies and the various suppliers associated with

Visa 98
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

Ant International launches MSME S-Card with industry partners

The Paypers

Ant International has launched its MSME S-Card, aimed at introducing a sustainability impact on SMEs in their development process, as well as new green financing opportunities.

Finance 89
article thumbnail

The Payments Group (TPG) Partners With HubPeople to Bring Cash Payments to 100m Daters

Fintech Finance

The Payments Group (TPG) , a new global payments company, has announced a deal with online dating giant, HubPeople. HubPeople is an AI-based software platform that powers many of the world’s top dating applications and websites, which have a combined 100m users worldwide. For the first time, anyone using a HubPeople powered dating brand will now be able to pay for their dating subscriptions in cash with TPG’s award winning CashtoCode service.

article thumbnail

5 Benefits of ACH Payments Over Check Payments

Stax

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% in payment volume growth in Q4 2021. The average consumer commonly uses the ACH network for automated bill payments and larger transactions.

ACH 88
article thumbnail

Yuno Launches Smart Routing: A Groundbreaking Solution to Fully Automate the Payment Journey

Fintech Finance

Yuno , the world’s leading payment orchestrator, announced the launch of Smart Routing, a revolutionary payment solution that uses Yuno’s proprietary data and intelligent algorithms to automatically route payments through the most efficient pathways. The announcement was made at Web Summit, an event focused on the latest in global technology innovation.

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

Understanding the merchant of record model: A key to simplified global payments

The Payments Association

In the fast-paced world of business, managing international payments, taxes, and regulatory compliance can become overwhelming. For companies looking to scale globally, these complexities often take up valuable time and resources that could be better spent on innovation and growth. This is where the Merchant of Record (MoR) model steps in, offering a comprehensive solution to streamline these processes.

article thumbnail

On-chain privacy critical to unlocking blockchain potential - JP Morgan

Finextra

On-chain privacy and advancements in identity management will be crucial to unlocking the potential of blockchain technology and asset tokenisation in financial markets, according to a JP Morgan white paper.

Privacy 80
article thumbnail

Gamification in fintech: Engaging a new generation of savvy customers

The Payments Association

Games aren’t the first association we make when we think of financial services apps(!) but gamification is transforming this. If you aren’t familiar, gamification is the process of adding games or game-like elements in an app to improve engagement. Gamification is rapidly emerging as an important strategy within fintech, even if entertainment doesn’t have the most obvious link to financial services.

FinTech 88
article thumbnail

Open banking to move toward FDX standard

Payments Dive

Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

CFPB 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