Mon.Nov 25, 2024

article thumbnail

Mastercard and J.P. Morgan to Streamline B2B Payments with Blockchain

Fintech News

Mastercard’s Multi-Token Network (MTN) has integrated with J.P. Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails. This platform, offered through J.P. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds. This collaboration aims to streamline cross-border business transactions by offering a faster and more transparent settlement process, reducing friction and enhancing the efficiency of commerci

Visa 113
article thumbnail

HSBC UK Enters Point of Sale Finance Market With Flexipay Offering Consumers Flexible Payment Solution for Large Purchases

Fintech Finance

Shoppers will soon see a familiar name at the checkout when making large purchases, as HSBC UK enters the Point of Sale finance market with the launch of HSBC Flexipay. Designed to help consumers spread the cost of a large purchase into manageable payments directly at point of sale, HSBC Flexipay will be available to customers of its merchant partners, regardless of whether they have an existing HSBC relationship.

Finance 98
article thumbnail

YouTrip to Raise Series C Ahead of Planned IPO, Listing Still ‘A Few Years’ Away

Fintech News

Caecilia Chu, CEO of Singapore-based fintech YouTrip, is actively preparing the company for an IPO, with plans recently detailed to Nikkei Asia. Caecilia Chu YouTrip, a multi-currency digital wallet, enables users to conduct transactions in over 150 currencies without incurring traditional banking or money exchange fees. The company processed US$10 billion in transactions last year and is projected to see a 70% year-on-year increase in revenue in 2024.

article thumbnail

Checkout.com Expands in Japan to Strengthen Its Global Presence

Fintech Finance

Leading global digital payments company, Checkout.com , today announced its expansion into Japan supported by new direct acquiring capabilities. This strategic move reflects Checkout.com’s continued commitment to delivering high-performance, localized payment solutions across APAC, designed to meet the evolving needs of both domestic and global merchants.

APACS 98
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

Singapore Gulf Bank Eyes up to US$50 Million Funding to Acquire Stablecoin Firm

Fintech News

Singapore Gulf Bank is reportedly planning to acquire a stablecoin payments provider and is seeking investments to fund this move, Bloomberg reports. Sources indicate the Bahrain-licensed bank is aiming to secure at least US$50 million by selling a minority stake, likely below 10%, to a Middle Eastern sovereign wealth fund and other investors. This equity raise, expected to be finalised in early 2025, will primarily support the bank’s expansion efforts.

article thumbnail

Mastercard and Unzer Team Up to Advance Open Banking Payments Across Europe

Fintech Finance

Unzer , a provider of payment and software solutions, has selected Mastercard as its strategic open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power e-commerce payments across Unzer’s payment gateways. Through this partnership, Unzer and Mastercard aim to create a unified digital payment ecosystem by leveraging Mastercard Open Banking-driven solutions enabling access to pay by bank.

Visa 96

More Trending

article thumbnail

EFT Corporation Connect: Zambia Event Forges Important Regional Partnerships

Fintech Finance

EFT Corporation , an African-focused fintech and payment solutions provider, recently hosted its EFT Corporation Connect: Zambia event in Lusaka. Featuring presentations led by EFTCorp’s team alongside an address from a representative of the Zambian Ministry of Technology and Science, the event brought together leaders and innovators from Zambia’s banks, microfinancers, and fintech sector.

article thumbnail

Open banking: Decoding Section 1033

Bank Automation

Ten years in the making, the Consumer Financial Protection Bureau’s recently finalized open banking rule is making waves. The rule, Section 1033, was finalized Oct. 22 and states that consumers can transfer their financial data to another financial institution (FI) provider at no cost, using the framework for secure payments and comparing financial services at […] The post Open banking: Decoding Section 1033 appeared first on Bank Automation News.

Rules 110
article thumbnail

Guavapay and Rangers Football Club announce New Multi-Year Partnership

Fintech Finance

As part of a multi-year agreement, Guavapay will become an Official Partner of Rangers Football Club , as well as the Official Ibrox Stadium Payment Processing Partner. As the club’s official Payment Processing Partner, MyGuava Business Point of Sale (POS) terminals will be used around the stadium, ensuring seamless transactions for everyone in attendance.

article thumbnail

Visa to boost credit card fees next year

Payments Dive

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

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

Lenovo Implements Klarna at Checkout for European Customers

The Fintech Times

Klarna , the AI-powered global payments network and shopping assistant, has secured a major global agreement enabling customers of Lenovo , the global technology giant in 15 European countries, to pay for their tech purchases at Lenovo.com using Klarna’s flexible payment methods, including its popular interest-free buy now, pay later (BNPL) options.

BNPL 59
article thumbnail

BBVA creates GPT Store to house employee-generated AI tools

Finextra

Just five months after BBVA distributed 3,000 ChatGPT Enterprise licenses among its employees, 83 percent have incorporated it into their work routine and have created nearly 3,000 adaptations of the tool for specific tasks, ranging from financial data analysis to help to solve legal questions from clients in less than 24 hours or provide customer insights.

Legal 121
article thumbnail

1 in 3 UK and 1 in 4 US Subscription Holders Notice Unrecognised Charges, New Research Reveals

The Fintech Times

Subscription services continue to prevail over other business models in the UK. However, one in three subscription holders (equivalent to around 15.9 million people) have noticed a subscription payment coming out of their bank account that they could not recognise or had forgotten, according to new research by online prepaid payment firm Recharge. Through a survey of 2,000 UK adults, conducted by Opinium Research , Recharge found that Brits earning over £40,000 per year (61 per cent) are more l

article thumbnail

Data Quality in the World Bank's Bilateral Remittance Report: Case Study of Bangladesh and India

Finextra

The primary source of remittance data on the international stage is the reports published by KNOMAD.

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

Build Your Own OCR Engine for Wingdings

Nanonets

Optical Character Recognition ( OCR ) has revolutionized the way we interact with textual data in real life, enabling machines to read and interpret text from images, scanned documents, and handwritten notes. From digitizing books and automating data entry to real-time text translation in augmented reality, OCR applications are incredibly diverse and impactful.

article thumbnail

Push payment scam losses to surpass $3B by 2028: report

Payments Dive

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

Scams 88
article thumbnail

Crypto ownership continues to rise in the UK

Finextra

More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.

article thumbnail

Stripe to acquire shares in tender offer at USD 70 billion valuation

The Paypers

Stripe, a US-based payment processing company, has announced its intention to purchase back its shares at a nearly USD 70 billion valuation.

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

HSBC UK enters POS financing market

Finextra

HSBC is entering the UK buy now, pay later market through the launch of Flexipay, a point-of-sale finance product.

Finance 72
article thumbnail

ZA Bank launches a new service for retail users

The Paypers

Hong Kong-based virtual bank ZA Bank has introduced a new service allowing retail users to directly buy and sell Bitcoin and Ethereum with fiat currency.

Bitcoin 69
article thumbnail

EPI enrolls 14 million users to wero wallet

Finextra

The European Payment Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, has enrolled 14 million users and processed eight million transactions since launch.

article thumbnail

TBC Bank Uzbekistan secures USD 10 million from EBRD

The Paypers

TBC Bank Uzbekistan , a mobile-only bank, has announced that it obtained a USD 10 million loan from the European Bank for Reconstruction and Development ( EBRD ).

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

Klarna to hire 100 engineers for new tech hub in Poland

Finextra

Klarna has opened a new technology hub in Warsaw, reflecting the city’s growing reputation as a centre of technology innovation.

article thumbnail

Paysafe Partners with Deutsche Bank to Strengthen Its Cash Services for Customers in Germany

The Nilson Report

The post Paysafe Partners with Deutsche Bank to Strengthen Its Cash Services for Customers in Germany appeared first on Nilson Report.

Posting 52
article thumbnail

Santander signs five-year deal with dentsu to build new global platform for SMEs

Finextra

Santander has drafted in dentsu to build a new global platform to help SMEs unlock barriers to international trade.

64
article thumbnail

Raise Launches Mobile App for Consumers and API Solutions for Businesses in Canada as Part of Global Expansion

The Nilson Report

The post Raise Launches Mobile App for Consumers and API Solutions for Businesses in Canada as Part of Global Expansion appeared first on Nilson Report.

API 52
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

From Days to Seconds: The Push for Instant Cross-Border Payments

Finextra

Domestic payments have become increasingly instant in recent years, with countries like India (UPI)

article thumbnail

Spreedly and Forter Expand Partnership for Open Payment Customers

The Nilson Report

The post Spreedly and Forter Expand Partnership for Open Payment Customers appeared first on Nilson Report.

article thumbnail

Garanti BBVA launches new payment and e-money subsidiary

Finextra

As a leader figure in Türkiye’s payment systems industry, Garanti BBVA has expanded its reach with TAMİ, a subsidiary offering advanced digital payment solutions powered by the bank’s remarkable expertise and robust technological infrastructure.

article thumbnail

Thredd Launches Suite of Enhanced Compliance and Risk Services.

The Nilson Report

The post Thredd Launches Suite of Enhanced Compliance and Risk Services. appeared first on Nilson Report.

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