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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 Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. These examples highlight Mandala’s ability to support transparency and regulatory oversight without compromising transaction speed.
trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally. Global corporations move $23.5
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. Digital payment transaction value in Southeast Asia is projected to grow at a 19.8% Southeast Asia’s youth, aged 15 to 34, account for over a third of the population.
Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers. From innovative lending platforms to advanced payment processing, fintech is enabling them to access growth opportunities and thrive in today’s competitive markets. Fintech companies see this gap as an opportunity to innovate.
AI-powered payment optimizations bundled in a single product suite are trained on Adyens global transaction dataset. Adyens AI selects the best routes with the best rates for transactions to help minimize total cost of payment. Thanks to Adyen Uplift, businesses can optimize the full payments funnel with AI.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
In Vietnam, bank-owned apps are rapidly gaining popularity across all generations, outpacing independent fintech platforms like MoMo and ZaloPay, which are seeing a decline in usage and preference, according to a new report by Decision Lab, a Vietnamese market research firm. But most importantly, these platforms popularity increased.
Its latest enhancements include an enhanced architectural redesign to meet high-throughput transaction screening demands, ongoing support for additional integrations as organizations support new payment messages, and a redesigned user interface to accommodate complex workflows and accelerate review times for different payment messages.
New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. The results suggest larger transaction limits are helping to boost instant payment demand.
Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
history and the first-ever payment on the RTP network exceeding $1 million, following the recent increase in the networks transaction limit. On February 9, the RTP networks transaction limit increased from $1 million to $10 million, enabling businesses to send larger payments instantly, 24/7.
By combining FinGoal’s advanced transaction analysis and DeepTarget, financial institutions can transform routine transaction data into actionable insights that power highly personalized product recommendations and offers. and FinGoal. Every purchase, deposit, and transfer tell a story about what your accountholders need next.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally. Let’s dive in.
equity stake in Jingle Pay , one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. The post Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation appeared first on The Fintech Times.
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
We previously explored why the convergence of SaaS and fintech is so compelling. Now, as fintech matures and SaaS evolves, a second wave is taking shape. Now, as fintech matures and SaaS evolves, a second wave is taking shape. This is SaaS fintech v2.0. In contrast, SaaS fintech v2.0 builds connected ecosystems.
Together, they are launching a state-of-the-art Pay on Invoice solution, designed to bring seamless, secure, and flexible payment options to B2B e-commerce transactions. Uncompromised Security and Trust: Integrating ABN AMROs financial infrastructure with Twos secure technology ensures reliable, risk-mitigated transactions.
This transition also aligns with observed user behavior, as a significant portion of dtcpay’s transaction volume already comes from stablecoins, based on one year of transaction data. dollar, offering enhanced trust and security as a less volatile and speculative alternative for digital transactions.
With over $500M in annual transaction volume, INXY enables businesses to seamlessly accept, send, and exchange digital assets. The crypto market is booming, with stablecoins surpassing $6 trillion in annual transactions and INXY is well-positioned to capitalize on this growth said Alexey Sidorov, Associate Partner at Flashpoint VC.
Engineered in Saudi Arabia over four months, the platform is set to cross SAR 325 billion in transaction processing shortly, cementing its role as a key driver of financial inclusion and innovation in the region. With IPO readiness and strategic expansion on the horizon, PayTabs is building a future-proof fintech enterprise for the AI era.
allows businesses and individuals to conduct transactions in Vietnamese Dong or Lao Kip, reducing reliance on foreign currencies and lowering transaction costs. The post Cross-Border QR Payments Now Live Between Vietnam and Laos appeared first on Fintech Singapore.
Additionally, the RBI is collaborating with central banks across Southeast Asia to create a platform enabling instant cross-border transactions, aligning with the region’s push for financial integration. These developments build on existing arrangements with Sri Lanka, Bhutan, and Nepal.
Paynt , a leading European payment technology company, today announced its acquisition of Canadian firm E-xact Transactions , marking a major milestone in the company’s strategic expansion across North America. billion annually across more than 50 million transactions, will add a new operational hub in Vancouver, Canada.
Yellow Card, Africa’s largest licensed stablecoin on/off-ramp fintech, will also leverage PYUSD to facilitate transactions. Yellow Card CEO Chris Maurice highlighted the transformative potential of stablecoin-based payment rails in optimising cross-border transactions. dollar reserves, Treasuries, and cash equivalents.
With its new license, XTransfer plans to roll out services aimed at simplifying international trade transactions for SMEs in Singapore. It enables secure and compliant transactions, with 24/7 payment settlement capability, offering uninterrupted fund circulation throughout the trade process.
Notably, cash usage ranked last, with only 15% of respondents relying on it, highlighting the nation’s accelerated shift away from traditional cash transactions. Booming adoption of fintech Besides digital payments, other fintech innovations are also seeing increased usage and traction. appeared first on Fintech Singapore.
OCBC reportedly completed its first reverse repo transaction on 11 October 2024, with a maturity of less than 120 minutes. Both the reverse repo and repo transactions were completed on 11 October 2024. Both the reverse repo and repo transactions were completed on 11 October 2024. Since its launch in 2020, J.P. trillion in value.
Beyond facilitating transactions, the collaboration also aims to enhance the customer experience. Consumers using Crypto.com Pay can earn rewards on their purchases, further incentivising the use of cryptocurrency in everyday transactions.
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. It claims 2.3 million customers.
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. The platform is expanding its presence across the Americas, EMEA, and Asia, collaborating with banks, central banks, and fintech firms to drive adoption.
This service also offers interoperability for real-time global money movement, making it easier for Thunes’ members to conduct transactions worldwide. Featured image credit: Edited from Freepik The post Thunes Enables Global Payments to Mastercard, Visa, and UnionPay Cards appeared first on Fintech Singapore.
Alterya, which launched in stealth mode, has collaborated with cryptocurrency exchanges like Binance, Coinbase, and Block, along with financial institutions, to monitor over US$8 billion in monthly transactions across crypto and fiat systems.
Indonesian fintech company JULO has launched a new feature to ensure quick loan disbursement, introducing the “Instant Disbursement Guarantee.” Since its launch in October 2024, Protect Plus has covered over 51,000 customers and processed more than 65,000 insured transactions.
The new extension will provide WhatsApp with ample time to solidify its position in Indias competitive fintech landscape. According to Deepak Abbot, a fintech founder and former executive at payments startup Paytm, WhatsApp Pay currently has less than 7-8 million active UPI users out of 100 million registered users.
Thunes, a global payments company specialising in cross-border transactions, has expanded its Direct Global Network to Taiwan. The expansion strengthens Thunes ‘ global network by establishing direct connections with banks in Taiwan, enabling faster and more efficient transactions. billion, a 4.4% increase from January 2024.
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. Our aim is to enhance the payment experience and ensure that our customers can enjoy seamless transactions with the highest level of security.
Schwarzwald Capital , a leading venture capital firm focused on fintech and the creator economy, has announced a strategic investment in Vesta , a global leader in transaction guarantee solutions for online and other card-not-present transactions. We are excited about breaking new ground with Schwarzwald.”
The transaction is expected to enhance financial services access for Australian institutions and enable international players to settle Australian dollar transactions more efficiently. This milestone brings us closer to our vision of creating a global real-time clearing and settlement hub for all major currencies.”
The app also enables users to transfer funds to their individual Bakong accounts, offering an alternative to cash transactions. It also supports ongoing efforts to improve digital payment infrastructure and streamline transactions for both tourists and businesses. million merchants across Cambodia.
As a principal member of VISA, FV Bank Visa debit cards support transactions across millions of merchants and ATMs globally, allowing for payments via magstripe, chip, and contactless options. Businesses can order cards for authorized users, set individual spending limits, and track transactions in real-time through FV Bank’s platform.
Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. Paul Fabara Last year alone, Visa blocked US$40 billion worth of suspected fraudulent transactions globally. Although crooks are using AI more and more, so are we.
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