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GoTyme Indonesia has partnered with Danabijak and Olsera to introduce a Merchant Cash Advance (MCA) program, aimed at providing quick and flexible financing to MSMEs. This is said to be the first such MCA offering in Indonesia, following similar initiatives by GoTyme in South Africa, the Philippines, and Vietnam. The program allows eligible merchants using the Olsera point-of-sale platform to access business loans without needing collateral.
The Federal Reservehas rescheduled the Fedwire Funds Services adoption of the ISO 20022 message format to July 14, 2025. It was to be implemented on March 10. This single-day implementation aims to enhance the efficiency and interoperability of high-value payment systems. The transition to ISO 20022, a global standard for financial messaging, is expected to […] The post ISO 20022 migration pushed back to July 14 appeared first on Bank Automation News.
Thunes, a global payments company specialising in cross-border transactions, has expanded its Direct Global Network to Taiwan. This expansion offers a real-time alternative to traditional cross-border payment systems for transfers to bank accounts in Taiwan. The move enhances its Pay-to-Banks service, enabling real-time payouts in New Taiwan Dollars (TWD) and United States Dollars (USD) to individual and business bank accounts at all major banks in Taiwan.
Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, and Global Blue (NYSE: GB), the leading specialty payments and technology platform enabling tax-free shopping, dynamic currency conversion, and payments solutions to the worlds largest retail brands, today announced they have entered into a definitive agreement under which Shift4 will acquire Global Blue for $7.50 per common share in cash, representing an 15% premium to Global Blues closing share price as of February
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.
Grab Holdings reported a 17% year-on-year increase in fourth-quarter revenue for 2024 to US$764 million, supported by growth across its ride-hailing, delivery, and financial services segments. The company recorded a quarterly net profit of US$11 million, while adjusted EBITDA improved to US$97 million. For the full year, revenue reached US$2.8 billion, exceeding guidance, with adjusted EBITDA rising to US$313 million.
Lili , the financial platform designed for small business owners, today announced the launch of international wire payments in 27 countries, empowering small business owners to grow beyond borders. While larger businesses typically have the infrastructure to process complex payments like cross-border wire transfers, many small businesses do not. According to FXC Intelligence, the cross-border payments industry reached a market size of $190.1 trillion in 2023 and is expected to increase by 53% by
Payment giant Mastercard has appointed Janet George as its new EVP of Artificial Intelligence (AI), effective 24 February. Reporting to Chief AI and Data Officer Greg Ulrich, George will lead the company’s AI Center of Excellence, focused on the companys most critical AI and data science efforts. Her responsibilities include developing and improving AI technologies for enhanced, secure, and personalised payment experiences.
Payment giant Mastercard has appointed Janet George as its new EVP of Artificial Intelligence (AI), effective 24 February. Reporting to Chief AI and Data Officer Greg Ulrich, George will lead the company’s AI Center of Excellence, focused on the companys most critical AI and data science efforts. Her responsibilities include developing and improving AI technologies for enhanced, secure, and personalised payment experiences.
As a SaaS business owner, you are always looking for ways to improve your software and boost your bottom line. One core area of focus is customer support, which adds immense value to every business when done correctly. When adding payment features for software users, the importance of including customer support for payment processing is no different.
Technology remains the fastest-growing sector in Dubai, growing to 1,245 companies, up 38 per cent year-on-year, according to new stats revealed by the Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region. As the DIFC aims to bolster economic growth in Dubai, as well as position the city as the financial services capital of the Middle East, it oversaw a significant uptake in job creation from technology companies –
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. Through strategic ISV partnerships, businesses can enhance their service offerings, streamline operations, and open new revenue streams. ISV integrations offer numerous advantages, from improved functionality to a superior customer experience.
The Saint James Municipal Corporation and Mastercard have announced the signing of a Memorandum of Understanding (MOU) designed to foster digitalization as a catalyst for financial inclusion in the municipality. This partnership will enable the Saint James Municipal Corporation to leverage Mastercard’s expertise, cutting-edge solutions, and innovative programs to enhance the development and prosperity of the city.
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
Global payment juggernaut, Mastercard is expanding its presence in the UAE’s flexible payment and lending ecosystem as it partners with the shopping, payments and banking fintech, Tamara to launch a new virtual card. This new card will improve the flexible payments ecosystem which is projected to reach $14.7billion by 2027 according to Ken Research.
The use of digital wallets has rapidly grown in recent years with the proportion of card transactions using a digital wallet increasing significantly from 11% in 2019 to 35% in 2023. Given the growth, the FCA and PSR engaged extensively with businesses and representative groups to assess the impact of digital wallets, finding significant benefits to consumers through greater convenience, enhanced security measures, and, for some, greater financial inclusion.
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.
Quantum Group , the fintech and security incubator, is excited to announce the appointment of James Radford as the CEO of Volopa , its foreign exchange, international payments, and expense management company. With more than three decades of financial services and fintech experience, James leadership will drive Volopas growth and build market share in both Europe and the UK.
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.
Digital wallets represent a “significant opportunity” for consumers, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) revealed as they shared their findings regarding the payment software. Digital wallets are rapidly increasing in popularity across the globe, not least in the UK.In fact, digital wallet adoption more than tripled between 2019 and 2023, with the proportion of card transactions using a digital wallet increasing from eight per cent to 29 per cent
Aevi , a leader in in-person payment orchestration, announced a new collaboration with IXOPAY , an enterprise-grade payment orchestration platform, to help merchants unify their global payment systems by connecting card-present and card-not-present solutions The partnership will enable businesses to connect Aevis card-present payment orchestration solution with IXOPAYs enterprise-grade card-not-present solution.
Singapore-based digital payment infrastructure provider and stablecoin issuer, StraitsX , is teaming up with Standard Chartered to enhance the reserve management of its stablecoins. As part of the collaboration, Standard Chartered will serve as the latest trusted banking partner of StraitsX, providing cash management and custody services for the reserve assets backing StraitsXs US Dollar and Singapore Dollar stablecoins, XUSD and XSGD.
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook.Fintech […] 2024 TechCrunch. All rights reserved.
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?
Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. By leveraging the global availability of the Feedzai fraud platform, which currently helps protect consumers and financial institutions in over 90 countries, Mastercard hopes to expedite the deployment of itsConsumer Fraud Risk (CFR) solution to customers globally.
MariBank has launched Mari Invest Income , a new investment product aimed at providing Singaporean investors with consistent and competitive income. This offering allows both new and experienced investors to access the global bond market with a low barrier to entry. Mari Invest Income requires a minimum investment of just S$1 and charges no transaction fees.
Mastercard is launching Mastercard One Credential, a single digitally connected credential with multiple ways to pay. Todays consumers are at the forefront of embracing technologies that offer convenient and personalized experiences. Gen Z, the generation spanning teenagers to those in their mid-twenties, is leading the charge. Instead of juggling between different cards and payment methods, they are looking for an innovative digital solution to manage their payments today and plan for tomorrow.
Offa , the UK-based Islamic property finance fintech, is offering first-time buyers Sharia-compliant buy-to-let finance, and has also dropped its minimum age requirement to 18 years old, as part of a series of moves made to widen access to Sharia-compliant finance for the general public. Following a number of customer criteria changes by Offa, buy-to-let (BTL) applicants only need to earn 18,000 per annum, while the fintech has also simplified the way finance affordability is assessed.
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
Push-payment scams are at a "crisis level," consumer advocates at a Payments Dive virtual event said, with losses totaling perhaps more than 15 times what's reported.
Connectivity & control: 199 new bank connections, usability improvements, and other updates The latest Nomentia Cash Management 2025.01 introduces several key enhancements across various Nomentia cash management modules designed to improve connectivity, security, transparency, and flexibility. With the addition of 199 new bank connections, clearer sanctions screening, and improved liquidity management, users can now manage payments and treasury operations with greater efficiency and precisio
The processor will buy the retail and hospitality payments services provider in an all-cash transaction to build a globally integrated payment platform.
Aryza , a UK-based financial SaaS solution provider, has launched its platform, Aryza Control, designed to help businesses optimise the management of external collection partners, in the Canadian market. Via the ‘Control’ platform, Aryza aims to help enable cooperation between businesses and their collection partners, enhance case management strategies, improve recovery rates and simplify operations.
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.
Xavier Sanchez is a Managing Director at CFGI, leading the Risk Advisory practice in the New York Metro area. He brings over 13 years of experience, providing clients with business and technology audits, as well as providing control design assessment and process improvement services. Xavier has led numerous SOX and Internal Audit engagements for clients ranging from start-ups to Fortune 500 companies throughout his career at CFGI.
The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
Matthew McCown, executive director of the data and analytics team at J.P. Morgan Payments, will speak at Bank Automation Summit 2025 on Tuesday, March 4, at 10:45 a.m. CT at the Hilton Downtown Nashville. Bank Automation Summit 2025, taking place March 3-4, brings together experienced industry leaders and pioneering startups for two days of collaboration […] The post JPMorgans Mccown to speak at Bank Automation Summit 2025 appeared first on Bank Automation News.
New York, United States, February 19th, 2025, FinanceWire Momnt , a leading fintech company specializing in real-time lending and payment solutions, has partnered with ChargeAfter , the embedded lending platform for point-of-sale financing, to provide home improvement contractors with a broader range of competitive lending options for their customers.
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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