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These days, small and medium-sized businesses (SMBs) prefer to opt for industry-specific payment systems and tools over generic solutions. They account for over 50% of spending on vertical-specific software solutions (i.e., custom software for a particular industry or market). Merchant services are one of these key investments. They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today.
The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) announced the successful implementation of a cross-border QR payment system between the two countries. The pilot project, which began in mid-2022, has been completed as scheduled. This initiative allows Vietnamese and Cambodian visitors to use their domestic currencies, VND and KHR, for payments at various merchants in each other’s country.
Fraud attacks are becoming more sophisticated and frequent, and if your business isnt prepared, you could be the next target. Hackers are relentless, using trial-and-error tactics to identify weaknesses in systems. Their goal? To uncover sensitive information or exploit payment systems. Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account.
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom , the two business fintech services.
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.
What is this article about? The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Why is it important? It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. What’s next?
Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. This initiative, developed in partnership with Rhino Health and Capgemini , aims to address the limitations of conventional fraud detection methods, which often struggle to keep pace with sophisticated criminal tactics that span multiple institutions and countries.
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Experts at Aevi , the in-person payment orchestration firm, share their key takeaways, lessons learned, and perspectives on the trends shaping the future of paytech. Reflecting on 2024, what were the key takeaways and lessons learned for your company and the broader payments industry?
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Experts at Aevi , the in-person payment orchestration firm, share their key takeaways, lessons learned, and perspectives on the trends shaping the future of paytech. Reflecting on 2024, what were the key takeaways and lessons learned for your company and the broader payments industry?
To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. In the first half of 2025, Swift plans to roll out a sandbox with synthetic data to prototype learning from historic fraud, working with 12 global financial institutions, with Google Cloud as a strategic partner.
What is this article about? The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. Why is it important? It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. What’s next?
Indonesian fintech company JULO has launched a new feature to ensure quick loan disbursement, introducing the “Instant Disbursement Guarantee.” With this new feature, users receive their loans within 10 minutes of approval. If delays occur, customers are compensated with a cashback of IDR 25,000. JULO reports a nearly 99% on-time disbursement rate, with cashback claims reportedly resolved promptly in rare cases of delays.
As consumers, most of us have looked at last month’s credit card statement and experienced the panic of not recognizing a charge. Most of the time, customers can identify what the charge is or where it came from by doing a bit of research. If not, filing a chargeback is the next best option. But credit card chargebacks also occur for a variety of other reasons and they’re not always honest.
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
Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online. To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment.
What is this article about? The FCA’s proposed safeguarding reforms in light of the UK’s National Payments Vision and associated challenges. Why is it important? It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. What’s next? The FCA and HM Treasury must reflect on the National Payments Vision to refine safeguarding reforms, ensuring customer benefits at a reasonable cost.
Cake has become the first digital-only bank in Vietnam to achieve profitability, reaching this milestone 3.5 years after its launch. The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. Cake now serves nearly 5 million customers and processes an average of 400,000 credit applications each month.
Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., the companys payment arm, under federal supervision. The tech giant argues that the move, which the CFPB says is aimed at addressing potential consumer risks, constitutes regulatory overreach.
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?
Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion in B2B payments since launching its B2B payments service in Kenya earlier this year. This milestone reflects a 30% month-over-month growth rate and a cumulative 300% increase in B2B transactions within a year. The Leja App helps businesses move from pen-and-paper to digital recordkeeping, integrating seamlessly with mobile money platforms.
What’s this article about? The upcoming changes in cryptocurrency regulation and its impact on payment services, focusing on the UK’s approach compared to the EU. Why is it important? It outlines how the regulatory landscape for cryptocurrencies in the UK will evolve, affecting businesses and compliance. What’s next? The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout b
Coinbase users will soon be able to make crypto payments at a wider range of businesses following a new partnership with Triple-A. Triple A is a licensed provider of crypto payment solutions with a global network of merchants. This collaboration will allow Coinbase users to seamlessly make payments with crypto at select merchants across Triple-A’s extensive network, specifically in industries like fashion, luxury goods, travel, and gaming.
Looking to facilitate direct payments between businesses and customers in real-time through a new open banking solution, a three-way partnership has been announced between Eviden , the Atos Group business focusing on digital, cloud, big data and security, fintech innovator Ordo and blockchain company, ByzGen. With the pilot open banking solution, customers will be able to authorise payments directly from their bank accounts to businesses on a recurring basis using the Ordo variable recurring pay
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Trustfull , a leader in Identity Intelligence for fraud prevention, is proud to announce a strategic partnership with Scalapay , a premier European buy-now-pay-later (BNPL) provider. The collaboration will strengthen fraud prevention operations across Scalapays extensive network of European markets, leveraging Trustfulls platform to proactively identify fraudsters and prevent first payment defaults.
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
Singapore, a nation long recognised for its financial acumen and technological advancement, is making a calculated gamble on the future of finance through tokenisation. Rather than shying away from the complexities of the digital asset revolution, the city-state is actively embracing the potential of tokenisation and cryptocurrencies. This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure.
Following the expansion of open banking solutions provider, Salt Edge into the Republic of Serbia, the company has now partnered with Serbian IT firm, Saga to support Serbian banks in meeting the latest open banking regulatory requirements. Recent amendments to the Payment Services Act (PSA) have been made to emulate the European PSD2 regulation as well as introduce open banking-driven services to the Serbian financial market.
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.
Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. Whether splitting a bill with friends, moving money between accounts, receiving an insurance claim payout or a worker accessing their earned wages, this change will ensure
Alternative Payment Methods (APMs) have become a big part of todays evolving fintech landscape, as consumers seek faster, more convenient, and secure ways to pay. As digital transformation continues, new payment methods have grown beyond traditional credit and debit cards, reshaping the way businesses accept payments and how customers choose to make them.
LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. The acquisition is expected to be completed in early 2025, subject to customary regulatory consents. Financial terms were not disclosed. This move will enable LexisNexis Risk Solutions to further enhance its capabilities in combating AI-generated fraud, including deepfakes.
Canadian businesses will now be able to spend and settle credit balances in multiple currencies following the launch of the Loop Global Visa Card, by Loop , the global financial platform helping firms manage their international finances. Thousands of Canadian businesses use Loop, and with the launch of the new card, small and medium enterprises (SMEs) will now be able to manage cross-border payments while streamlining global 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.
Worldline [Euronext: WLN], a global leader in payments services, today announces a partnership with Telr , the multi-award winning, Dubai-based payment gateway aggregator and provider to launch an e-commerce payments solution for the rapidly expanding UAE. The solution will simplify online payments and optimise transactions, enabling global online businesses to take full advantage of the opportunities available in this exciting market.
Ant International has joined Swift ‘s “Network Interoperability Reference Implementation” programme, a pre-pilot initiative designed to improve cross-border payment experiences. This programme brings together various payment service providers to explore interoperability using Swift’s network and enhance payment transparency. The initiative will explore different business scenarios involving end-to-end transaction tracking across banks and payment providers, including e-wa
MNT-Halan , the Egyptian fintech unicorn has achieved a new milestone in its Middle East expansion as it lands in the UAE. Underserved communities and businesses will now be able to benefit from a variety of accessible financial solutions by MNT-Halan. The first offering to launch in the UAE is Halan Advance, a fast, secure, and user-friendly salary financing solution, with additional services from its ecosystem set to follow.
The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
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