Thu.Jun 05, 2025

article thumbnail

Legacy Tech Still Plagues 95% of Asia Pacific Banks, Slowing Down Modernisation

Fintech News

Banking institutions across Asia Pacific are under increasing pressure to modernise. Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups. Yet, legacy systems remain a primary reason why banks cannot keep up with the market and innovate fast enough.

article thumbnail

Paysend launches instant settlement accounts to enable businesses to unlock liquidity by receiving, moving and settling funds globally in real-time

The Payments Association

Today, Paysend announced the launch of instant settlement accounts. This new feature enables PSPs, banks, marketplaces, FX brokers and freelancer/contractor EOR payroll platforms to unlock $400 billion in liquidity trapped in cross-border payment processing. Treasurers and CFOs can receive, convert, and settle funds instantly between the UK, Europe, and North America to optimise liquidity.

article thumbnail

Digital Wallets Overtake Credit Cards as Top E-Commerce Payment Method in Singapore

Fintech News

In the past decade, digital wallet adoption in Singapore has surged, overtaking long-standing payment methods such as credit cards and cash as the preferred payment method. According to Worldpay’s Global Payments Report 2025, digital wallets now lead e-commerce transactions and are the second most-used payment method for point-of-sale (POS) transactions, accounting for 39% of e-commerce transactions, and 29% of transaction value in 2024.

article thumbnail

BPC Announces Strategic Expansion in Nigeria and New Key Appointments

Fintech Finance

In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria. This expansion includes a revamped market strategy and new key appointment: Managing Director for Nigeria at BPC, a seasoned expert who will bolster BPC’s local team, reflecting a commitment to delivering secure, innovative digital payment while driving

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

Fintechs and Neobanks Push Banks to Rethink the Future of Deposits

Fintech News

In today’s rapidly evolving financial ecosystem, the future of deposits is undergoing a dramatic transformation. The latest report from cloud banking platform Mambu and Findexable, The Future of Deposits 2025: Reshaping for Change , offers valuable insights into how the forces of economic change, technological innovation, and shifting consumer expectations are reshaping the deposit landscape.

FinTech 106
article thumbnail

Octopus Energy’s Electroverse and Enfuce Unveil Payments Card to Accelerate Fleet Electrification in the UK

Fintech Finance

Issuer processing powerhouse, Enfuce , has announced its strategic partnership with Octopus Energy ’s Electroverse, Europe’s largest EV charging network, to launch the Electroverse Business Payments Card, a next-generation fleet payment solution designed to simplify expense management for fleets and accelerate the shift to electric mobility for businesses across the UK.

Issuers 83

More Trending

article thumbnail

Going Multi-PSP in the EU

Basis Theory

More than half of all merchants in the EU are using multiple PSPs. Heres why, and how you can if you arent already!

article thumbnail

Bank of England tests AI to spot real-time payment fraud

Finextra

A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.

article thumbnail

From Quicker Checkouts to AI, What Do Singapore Shoppers Want in 2025?

Fintech News

In Singapore, the future of retail is already in motion. Consumers here are making sharp, values-driven decisions about how they shop, who they trust, and what technologies they allow into that journey. These are, in fact, the key drivers of Singapore retail trends in 2025. From seamless AI-powered interactions to rising concerns over digital fraud, shoppers are setting new expectations for speed, safety, and social responsibility.

AI 69
article thumbnail

MoonPay Secures New York BitLicense

Fintech Finance

We’re thrilled to announce that the New York State Department of Financial Services (NYDFS) has granted MoonPay USA LLC our BitLicense and Money Transmitter Licenses! New Yorkers can now engage with our full stack of fiat-to-crypto offerings, including buying and selling crypto, using major payment methods and MoonPay Balance. BitLicense approval, widely recognized as a gold standard in the crypto industry, completes our U.S. regulatory coverage and enables us to directly service customers

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

Wise to move primary listing to the US

Finextra

Money transfer behemoth Wise is to move its primary listing to the United States, in a fresh blow to the London Stock Exchange.

69
article thumbnail

Trustly and Point & Pay Partner to Streamline Government Payments

Fintech Finance

Trustly , the global leader in Pay by Bank, and Point & Pay , a leading payment processing provider for government agencies, today announced an integrated product partnership. Point & Pay is utilizing Trustly’s Pay by Bank tools for enabling single sign-on with banks to deliver a next-generation approach to paying government obligations, reducing the occurrence of returned checks – a first in the electronic government payment platform space.

article thumbnail

Money 20/20: The fintech reopening access to African markets

Finextra

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this years Money 20/20 Startup Spotlight session, built a solution.

FinTech 64
article thumbnail

eFlow Partners With DisputeHelp to Enhance Their Chargeback Solutions

Fintech Finance

eFlow , a fast-growing fintech startup specializing in providing merchant services worldwide, has partnered with DisputeHelp to enhance their suite of chargeback prevention/management solutions. Digital Transactions and Chargebacks on the Rise As digital transactions continue to surge around the world, merchants increasingly need effective tools that help them tackle the inevitable rise in disputes, chargebacks, and fraud.

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

Token.io Receives Strategic Investment from HSBC

Finovate

Account-to-account (A2A) payment infrastructure company Token.io has received a strategic investment from HSBC. The amount was not disclosed. The investment underscores the two companies’ history of collaboration, which includes Token.io’s support for HSBC’s Open Payments solution. Token.io made its Finovate debut at FinovateSpring 2015 and returned to the Finovate stage two years later for FinovateEurope in London.

article thumbnail

Commonwealth Bank and Mastercard Bring Apple Pay to Customers in the Bahamas

Fintech Finance

Commonwealth Bank , the leader in personal banking services, today brings Apple Pay to its cardholders in the Bahamas. Apple Pay is an easy, secure and private way to pay in-store, in-app and online. To pay in-store, customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment.

Visa 59
article thumbnail

Inside look: 4 key payments trends at JPM

Bank Automation

NEW YORK – Banking giant JPMorgan Chase is innovating its payments infrastructure with new tech amid a shifting regulatory landscape. The $3.6 trillion bank is incorporating tech that can make operations simpler, efficient and cost effective, Sri Shivananda, chief information officer for payments at JPMorgan Payments, said during a panel at New York City Tech […] The post Inside look: 4 key payments trends at JPM appeared first on Bank Automation News.

article thumbnail

Fiserv to Acquire AIB Merchant Services

Fintech Finance

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, announced today that it has agreed to acquire the remaining 49.9% of AIB Merchant Services ( AIBMS ), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market. Founded in 2007, AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers.

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

Shift4 appoints new CEO

Payments Dive

The digital processor named Taylor Lauber to the post and appointed founder Jared Isaacman as executive chairman, a Thursday regulatory filing said.

article thumbnail

Fueling Cross-border Payments Transformation Through Financial Institutions, Ventura Capital Leads Growth Round in Payall Payment Systems

Fintech Finance

Payall Payment Systems , the world’s first provider of end-to-end infrastructure that enables financial institutions to offer institutional-grade, safe, fast, low-cost, transparent and inclusive cross-border payments for B2X, P2X and G2X use-cases, has selected Ventura Capital to lead their Growth Round raise. With this new capital, Payall will accelerate its global payout partner connections and sales to originating institutions, correspondent banks and regulators as well as further disti

article thumbnail

Best of Show: Talking AI, Personalization, and Authentication on the Finovate Podcast

Finovate

Join Greg Palmer and the Finovate Podcast as he catches up with the CEOs and founders of the companies that won Best of Show at FinovateSpring 2025 in San Diego, California, last month. From AI in the service of greater personalization and sales performance to innovations in voice authentication and fraud prevention, the latest round of interviews on the Finovate Podcast provide fascinating insights into how fintechs are helping financial institutions meet their most demanding challenges.

article thumbnail

Zen.com partners Episode Six for Asia expansion

Finextra

Episode Six, a leading global provider of enterprise-grade card issuing and ledger infrastructure, has been selected as the strategic technology partner by ZEN.COM, the European fintech redefining how people and businesses manage money globally, to power the launch of new debit card programs across Europe and Asia as part of ZEN.COM’s international expansion.

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

Bill taps PayPal veteran as CFO

Payments Dive

Rohini Jain is set to become Bill’s finance chief in July, replacing John Rettig who will assume the role of president and chief operating officer.

PayPal 88
article thumbnail

Meta taps Klarna for 'Play Now, Pay Later' headset offer

Finextra

Meta has teamed up with BNPL firm Klarna to launch a 'Play Now, Pay Later' bundle for its mixed reality headsets in the UK.

BNPL 59
article thumbnail

PayPal to Ship Physical Credit Card

Finovate

PayPal launched a physical credit card, expanding PayPal Credit’s reach from online use to in-store purchases, with no annual fee and flexible repayment options for travel purchases. At launch, the card is offering buy now, pay later flexibility that will allow customers to spread travel costs over six months and access additional BNPL loans at checkout.

article thumbnail

Visa picks value-added services head

Payments Dive

The global card network is shuffling its executive leadership as it bolsters efforts to sell ancillary software and advisory services.

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

AI to improve SMB loan approval rates

Bank Automation

Financial institutions are investing in small business lending technology as AI presents an opportunity to boost approval rates. In the fourth quarter of 2024, fewer than half of small business loan applications in the United States were approved, according to Statista. “Despite the fact that a lot of things have improved with technology, small business […] The post AI to improve SMB loan approval rates appeared first on Bank Automation News.

AI 59
article thumbnail

Money20/20: Is the future quantum-ready?

Finextra

While AI is a buzzword in the fintech space, quantum is being heard more and more frequently in the sector. But what will it accomplish, and more importantly, is the financial services industry ready for it?

AI 52
article thumbnail

Fintech Revolution Summit 2025 Set to Demonstrate Why Saudi Arabia is the Place to be in Fintech

The Fintech Times

Top fintech executives, innovators, regulators and investors are going to be gathering in Saudi Arabia this July as Fintech Revolution Summit 2025 looks to explore and shape the future of fintech in the region. Taking place on 3 July in Jeddah, Fintech Revolution Summit 2025 will demonstrate Saudi Arabia’s growing role in driving fintech advancements across the Middle East.

FinTech 40
article thumbnail

Very important feedback to the EU-commission from Findynet

Finextra

Sign in Sign up News Latest news Company updates Long reads TV Research Events All Conferences Webinars Popular Community Community latest Latest expert opinions Groups Search members Jobs APIs Sign in Sign up News Back News Latest news Company updates Long reads TV Research Events Back Events All Conferences Webinars Popular Community Back Community Community latest Latest expert opinions Groups Search members Jobs APIs payments markets retail wholesale wealth regulation crime crypto sustainabl

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