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Klarna , the AI-powered global payments network and shopping assistant, announces the launch of its flexible payment options for Zoom Workplace , enabling users across the US and multiple European markets* to access Zoom’s premium services with greater financial flexibility. The initiative aims to make digital collaboration more accessible and affordable for businesses and individuals alike.
This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The firm, Nigeria’s largest merchant acquirer, announced this week that it has raised $110 million in a funding round led by private equity firm Development Partners International (DPI).
MiFinity , a leading global payment services provider, is delighted to announce the appointment of Linus McDonnell as the company’s new Chief Innovation Officer. Based in Dublin, McDonnell will spearhead MiFinity’s innovation strategy, with a key focus on accelerating the integration of artificial intelligence (AI) throughout the company’s infrastructure to enhance product offerings and operational efficiencies further.
Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.
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.
The Challenge Cross-border payments are critical yet often costly and complex, especially for growing businesses expanding into Southeast Asia and South Asia. Geopolitical shifts have diversified supply chains, and real-time payments have become the preferred method for digital transactions in these regions. Traditional card payment schemes, with their high fees and slow settlement times, are inadequate for the fast-paced, dynamic markets of Southeast Asia and South Asia.
“For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.
Melio , a leading accounts payable and receivable platform for small and medium businesses, has announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions. Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships.
Melio , a leading accounts payable and receivable platform for small and medium businesses, has announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions. Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships.
Klarna has expanded its partnership with Worldpay , allowing thousands of merchants worldwide to offer Klarna as a standard payment method alongside traditional options. The collaboration is set to position Klarna within Worldpay’s extensive merchant network, aligning with consumer demand for flexible payment options. Klarna will be available as a default, enabling Worldpay merchants to offer customers choices like immediate payments, interest-free BNPL as well as longer-term financing, supporti
MyGuava in association with Crystal Palace Football Club is thrilled to launch exclusive Crystal Palace Fan Cards with rewards and a variety of perks as well as a unique opportunity for fans to celebrate their connection to the club while enjoying MyGuava’s seamless payment solutions. Palace fans can now download the MyGuava App and order a Crystal Palace Card, choosing from three custom-designed cards: ‘Palace Gold’, ‘Palace Sash’ and ‘Selhurst 100’.
emerchantpay , a global payment service provider and acquirer, has joined forces with Cybersource , a part of Visa Acceptance Solutions to expand global acquiring reach and streamline tech integrations for merchants. The collaboration expands emerchantpay’s global acquiring capabilities and extends its reach, while providing access to integrations with established technology and infrastructure providers through a single connection.
Sifted published “The Sifted 30”: Eastern Europe and Baltics Leaderboard, which ranks the fastest-growing startups in the region by revenue growth. Lithuanian fintech startup Torus has secured 8th place, becoming the leader among Lithuanian fintech startups in this category. “We are thrilled to see that Torus is really enabling banks and fintechs to optimise the way they deal with Visa and Mastercard fees and gain double or even triple digit profitability improvement.
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
Yape, a Peruvian super app for digital payments, has teamed up with TerraPay , a global money movement company, to simplify remittance transfers for millions of Peruvians. In 2023, Peru received approximately $4.4billion in remittances, supporting the demand for streamlined, efficient money transfer options. The partnership aims to broaden financial inclusion as well as improve access to remittances by enabling funds sent via TerraPay’ s network to be received directly within the Yape app.
The US Securities and Exchange Commission (SEC) has charged JP Morgan Securities and JP Morgan Investment Management Inc. (JPMIM) in five separate actions.
Employee demands have evolved significantly over the past few years, transforming the employee benefits ecosystem and disrupting a field traditionally dominated by standardised packages. Worldwide, companies recognise that employee benefits are more than just a monthly salary, and innovative platforms are now available in the marketplace that can improve talent retention, enhance productivity, and boost morale through personalised benefits, instant payments and rewards, and more.
Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) - a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte.
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.
Africa-based startup Tehanu has completed its first ‘interspecies money’ transfer, which enables the transfer of funds through digital wallets associated with the conservation of Rwandan mountain gorillas.
Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding round led by Fiserv.
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?
Revolut , a global financial app, has partnered with Upvest to expand its wealth and trading offering by launching ETFs and fractional European stocks.
Richard Peers, Contributing Editor, Finextra and Founder of Responsible Risk, connects with Rochelle Mountany, CEO, and Dicky Thomas, Operations Manager at Afri, to discuss the company’s 26-year journey and their win in the Established Category for the Sustainable Finance Live Hackathon 2024. After choosing the Challenge of enhancing nature through sustainable agriculture with large language models and geospatial data, this hackathon team created AfriGIS Ecohub that built upon Afri’s specialisat
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
TBC Uzbekistan has announced its strategic partnership with Mastercard , as it continues its strategy of building its infrastructure for global payments and money transfers.
The Irish Department of Justice has announced that it selected ID-Pal ’s solutions to support digital identity verification in immigration service renewal procedures.
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.
Table of Contents What is Revenue Recognition? Why is Revenue Recognition Important? What Does ASC 606 Mean for Revenue Recognition? Types of Revenue Recognition: Accrual vs. Cash What Are the 5 Criteria for Revenue Recognition Under ASC 606? Examples of Revenue Recognition in Practice Can Automation Help with Revenue Recognition? 4 Tips for Optimizing Revenue Recognition Key Takeaways Revenue Recognition Basics : Revenue recognition ensures that revenue is recorded accurately when it is "earned
Agent IQ, a leader in AI-powered digital relationship banking, today announced a strategic partnership with Narmi, a leading provider of digital banking solutions.
Table of Contents Why cloud-based financial systems are redefining finance SaaS in finance: adapting to industry needs Cloud adoption as a competitive advantage Cloud technology implementation challenges How Paystand can support your cloud transformation journey
The Commodity Futures Trading Commission’s Office of Customer Education and Outreach today released a customer advisory alerting messaging app users to beware of schemes to defraud them of assets, specifically crypto assets.
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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