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Tranglo, a leading cross-border payment hub, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia. Tranglo tackles this with its efficient and cost-efficient solutions, making cross-border payments simpler and more affordable. to send USD 200.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.
Not because it’s free, but because the payments were seamlessly integrated into the apps you’re using. In simple, layman’s terms, embedded finance is when financial services – like payments, loans, or insurance – are integrated directly into non-financial platforms. You’re probably using it every day.
Cross-border payment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. per cent to send $200.
As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals. It allows software platforms to integratepayments, lending, insurance, and other financial services directly into their user interfaces, without becoming regulated financial institutions themselves. In contrast, SaaS fintech v2.0
In the rapidly evolving world of digital commerce, payment infrastructure is more critical than ever. While companies like Stripe and Adyen often dominate the conversation, Checkout.com has steadily built one of the most powerful and sophisticated payment platforms globally. Checkout.coms commitment to performance is evident.
Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. For instance, a payroll customer in Singapore can now use local account details to manage payments in Singapore dollars for their global workforce.
From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.
These banks introduced formal ledger-based accounting and cheque payments. Cheque System: The cheque emerged as a formal payment instrument, requiring physical movement and manual clearing processes. This was a significant step towards non-cash payments but was slow and prone to errors.
From riverside camps in the Northeast to homestays nestled in the Himalayas, the rise of UPI and other digital payment systems has opened new doors for travelers and small tourism operators alike. The Unified Payments Interface (UPI), launched by the National Payments Corporation of India in 2016, has changed that story dramatically.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financial inclusion across the globe.
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. billion payments Coda 2.5 billion payments, gamification Airwallex 5.5 billion insurtech Matrixport 1.05
Tranglo , a leading cross-border payment hub, continues its expansion across Africa with the addition of 10 new payout countries: Benin, Cameroon, the Democratic Republic of the Congo, Gambia, Guinea, Guinea-Bissau, Ivory Coast, Malawi, Rwanda, and Tanzania. With the latest expansion, Tranglo now supports payouts to 25 African countries.
For financial services, especially those addressing underserved markets, the stakes are even higher. AdviceRobo has led the change in integrating explainable AI (XAI) —highlighting which behavioral traits influenced a risk score, and why. This is the dawn of always-on, always-fair credit decisioning.
Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. This article covers the impact of COVID-19 on payment processing, supported by data and statistics that highlight the scope and scale of these changes.
In practice, this means banks expose certain data (like account balances or transaction history) through open APIs, but only when you, the customer, give consent. The result was an explosion of fintech apps offering budgeting, lending, payments, and investment services that leverage multiple banks’ data.
The company replaces traditional B2B payment methods (e.g. Their system seamlessly integrates with clients’ existing infrastructure to automate the entire payout process, from invoice generation to payment execution. Thitsa Payment Portal is a web-based platform integrated with Mojaloop. ThitsaWorks Pte.
These included cloud accounting, SME lending dashboards, invoicing tools, and payment portals. It allows software platforms to integratepayments, lending, insurance, and other financial services directly into their user interfaces, without becoming regulated financial institutions themselves. In contrast, SaaS fintech v2.0
Industry hires Guavapay, a provider of end-to-end payment solutions headquartered in London, UK, appoints Guy Noble as its new CEO for Guavapay UK. PayFuture , the payments technology platform connecting global businesses with emerging markets, has appointed Praful Morar as deputy CEO. This expands a relationship which began in 2014.
Wink Pay , a newly-launched digital payments brand in Lebanon, has collaborated with Visa , the world leader in digital payments, and Codebase Technologies to introduce the country’s first fully-digital onboarding and instant card issuance proposition for Visa prepaid virtual cards.
“The anticipated increase in adoption, diversification of services, and the continued growth of open banking payments signal a significant transformation in the financial sector. “Regulators and policymakers are also taking note of the transformative power of open banking payments. .
EAZY Financial Services ‘EazyPay’, a Bahraini financial institution specialising in point-of-sale (POS) and online payment gateway acquiring services, has teamed up with Tarabut , the MENA region’s regulated open banking platform. Balint has held senior roles at Afterpay, amaysim, Ola and Optus.
“The good news for Netspend is that we have a single technology platform [and] we’ve broken that down into different [software development kits] SDKs and [application programming interfaces] APIs and were already integrated heavily with our partners,” Knutson said.] “So NetSpend isn’t giving up its business of serving consumers.
” Paymentology leverages its technology and robust payment card solutions to empower clients in the creation, distribution, and management of cards. “We take pride in establishing the capability to create secure stores of value within a regulated framework and seamlessly integrate systems through simplified APIs.
The backbone of Open Finance is a sophisticated, scalable digital framework, encompassing cloud computing solutions, contemporary core banking systems, and API management services. Several key drivers fuel the adoption of Open Finance by banks in Asia.
Coda Payments Coda Payments provides online payment solutions to digital content providers in more than 30 markets, according to its website. Some of the factors that contributed to its growth include the large and underserved SME financing gap in the region, estimated to be US$320 billion. Nium’s revenue grew 2.7x
In these models, banks lend funds to intermediaries like fintech companies or non-banking financial companies (NBFCs), which then provide loans to underserved sectors such as agriculture, small businesses and affordable housing. One prominent use case is in onward lending models. This ensure liquidity and supports transaction growth.
While these specialised companies can build substantial businesses by serving underserved niches, they face scaling challenges and distribution hurdles in reaching agents. “Preparing for tomorrow means integrating finance, claims, and treasury into a more intelligent, connected operating model.
Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. By establishing an immutable and distributed ledger of loan transactions, blockchain offers tamper-proof records and simplifies loan payment tracking.
Fintech, or financial technology, is the integration of technology into financial services. This includes services like mobile banking, peer-to-peer payments, investment platforms, and blockchain applications. Payments and Transfers This is the most mature segment. What Is Fintech? At its core, fintech challenges the status quo.
SDK.finance , a white-label Lithuanian fintech platform for digital payments, has partnered with Salt Edge , the open banking solution provider, aiming to help fintechs of all sizes develop open banking-enabled financial services and applications.
This will help Airlines operate with tighter treasury control, and banks become integral partners in managing working capital risk. Through integration with ERP systems and regional inflation forecasts, banks can offer just-in-time supply chain financing that scales with predicted output.
Their scale, spend and influence often place them at the center of attention, commanding dedicated account teams, customized terms and complex integrations. Suppliers that continue to overlook or underserve this market are leaving untapped value on the table. It’s an understandable focus, but it may also be a costly blind spot.
This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.
TerraPay , a global leader in digital cross-border payments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). It also empowers TerraPay to deepen its collaboration with local financial institutions and fintechs, offering them access to its robust, interoperable, and API-driven payment infrastructure.
A full-service payment solutions provider, Aurora Payments launches ARISE Payment Platform, a cloud-based, payment-agnostic modern payment system designed specifically for SMBs (Small and Medium-sized Businesses). Most customers now prefer credit cards and digital payments to cash.
The same demand for data integrations between back-office platforms spread into the need for those FinTech solutions to also integrate with SMBs’ bank account data for faster, more accurate data entry and analysis. The key to open banking’s rising adoption in the SMB financial services market, he said, is data integration.
Basic access to payment systems, digital tools, and infrastructure that underpin daily operations and long-term growth are often out of reach. Large businesses take for granted access to merchant accounts, real-time settlements, and cross-border payments. Often, talk around SME finance centres on access to loans.
Xendit – US$538 million Payment startup Xendit has secured about US$538 million in VC funding to date, data from Dealroom and media coverages show, making it the top funded fintech startup in Indonesia in 2024. Founded in 2014, Xendit is a fintech company that provides payment solutions and simplifies the payment process for businesses.
Payoneer CEO Scott Galit used that word to respond to Karen Webster’s question about how marketplace suppliers were paid before digital payments and players like Payoneer who enable those payments existed. That also began a freewheeling conversation about the role of payments in transforming marketplaces — and vice versa.
Companies that fail to integrate financial services into their ecosystems risk falling behind. Embedded consumer payments have already proven the transformative power of embedded finance, streamlining transactions, boosting conversions, and fueling revenue growth. This isn’t a peripheral add-on; it’s the future of commerce.
UPI Circle, introduced by NPCI, enhances digital payment accessibility by allowing primary users to add family members or friends as secondary users. UPI Circle streamlines access to digital payments and simplifies the adoption of formal banking systems for millions of unbanked individuals. What is UPI Circle?
Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. We have a real-time payments network. s payments ecosystem.
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