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LemFi Acquires London Fintech Pillar to Expand Credit Services to the Millions of Underserved Immigrants in the UK and Across the Globe

Fintech Finance

LemFi – the international payments pioneer – is today announcing it has acquired UK credit fintech Pillar to accelerate their shared mission of empowering immigrant communities with fair, fast and accessible financial services.

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SaaScada Helps ARIE Finance Simplify Cross-Border Transactions for Underserved Businesses

Fintech Finance

NextGen data-driven core banking engine SaaScada today announced it was selected by ARIE Finance to power its international payment service for mid-sized B2B businesses. ARIE Finance aims to be the first B2B company with a PSP license in Mauritius and will act as a payment gateway into Africas complex but lucrative market.

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Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow

Fintech News

Advancements in artificial intelligence (AI), machine learning (ML), and blockchain are transforming international payments by enabling real-time data analysis, seamless platform integration through APIs, and instant, secure settlements.

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This Week in Fintech: TFT Bi-Weekly News Roundup 21/01

The Fintech Times

Netbank has partnered with Discovery Credit Solutions Corp (DCSC) to introduce a financial service solution designed to streamline loan management and improve financial access for underserved communities.The solution enables Discovery Credit Solutions to efficiently manage loan disbursements, collections as well as account reconciliation.

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The Long Term Impact of COVID on the Payments Market

Clearly Payments

New Importance of Cross Border Payments The pandemic underscored the importance of global reach for businesses, leading to a surge in demand for cross-border payment solutions. Cross-Border E-commerce Growth : Cross-border e-commerce grew by 21% in 2020, according to a report by the International Post Corporation (IPC).

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. Aspire’s platform has quickly gained popularity in Southeast Asia, tripling its annualized total payment volumes in 2023 to US$12 billion.

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What Is the Top Priority for Firms Looking To Offer Cross-Border Payments?

The Fintech Times

Stripe research shows that 95 per cent of customers choose to check out in their local currency when given the option, and 85 per cent of customers will abandon cart if their preferred payment method isn’t offered. These are questions that FX and international payments providers must help their clients with.