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Singapore-based fintech firm Lightnet has entered a global partnership with B2B globalpayments infrastructure-as-a-service provider TransferMate with the aim to enhance cross-border remittance and payment solutions.
Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake in UK headquartered payments business Sokin , marking an exciting new chapter for the fast-expanding fintech firm. The acquisition will provide significant capital and accelerate its product growth plans and further global expansion.
Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and globalpayment support. Payment processor – Handles the technical aspects of the payment.
Quantum Group , the fintech and security incubator, is excited to announce the appointment of James Radford as the CEO of Volopa , its foreign exchange, internationalpayments, and expense management company.
Payment processor Heartland Payment Systems Inc. and globalpayment provider Computop have agreed to integrate their platforms to provide internationalpayment processing.
Globalpayments firm Airwallex has introduced its payment acceptance services in the United States, enabling U.S.-based based merchants to accept both domestic and internationalpayments. entities to provide a localised payment experience to their customers in the U.S.,
The Basics of Payment Processing Payment processing involves multiple players, including: The Merchant The business accepting the payment. The Customer The person making the payment. The Payment Processor The company that facilitates transactions. to 1% higher fees compared to domestic transactions.
FairFX, a subsidiary of internationalpayments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 The eBanking and payments group said the acquisition would help develop the corporate segments of its business and was expected to be “immediately earnings enhancing.”.
Heartland Payment Systems has secured a strategic partner to bring its U.S. customers access to new markets with a deal that brings them secure internationalpayment processing. ” For Computop’s customer base, this collaboration provides them with additional secure acquiring solutions in the U.S. “We
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.
Network International (Network) , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, in partnership with NPCI InternationalPayments Ltd. NIPL), has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments across Network’s point-of-sale (POS) terminals in the UAE.
The global fintech saw its top line for 2023/24 hit £41m, up from £33m the previous year, while profits increased from £5.8m IFX Payments’ performance comes against a backdrop of a large growth in internationalpayments and a surge in demand for solutions to manage them, such as its flagship ibanq platform.
Philippines-based Netbank (A Rural Bank) has chosen merchant acquirer V5PAY to equip businesses in underserved areas with access to internationalpayment capabilities.
(The Paypers) FLEETCOR Technologies has announced that it has signed a definitive agreement to acquire Cambridge GlobalPayments a B2B internationalpayments provider.
UK headquartered payments firm Sokin today announces that it has acquired Norwegian fintech Settle Group AS (Settle) for an undisclosed amount. Settle is an app-based payment platform, launched in 2010, that operates across all EU countries. Sokin is currently operating at a transactional volume run-rate of over $4.5
In addition, the firm said it would buy B2B internationalpayments outfit Cambridge GlobalPayments for $675 million. Seeking Alpha reported Cambridge processes about $20 billion in annual payments. The acquiring company, FleetCor, stated that the deal will boost earnings once it closes. billion to $2.24
From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.
Checkout.com, which works in globalpayment solutions, has made an acquisition in French payment company ProcessOut, the company said in an emailed press release. Financial terms of the deal were not released. The acquisition will mark a first for Checkout , which raised a Series A round of $230 million last year.
Globalpayments and receivables company Flywire enjoyed strong growth in 2018 that it plans to carry into this coming year and over $10 billion in total payments volume. In addition, Flywire rebranded and integrated OnPlan, a domestic payment capability acquired in January 2018, into its product suite.
Cornerstone Brands plans to acquirepayments processor FXPress in a deal that also includes a sale of the existing Cornerstone business and restructuring of capital, according to a press release emailed to PYMNTS. FXPress provides advanced payment systems through a Platform-as-a-Service agreement.
La Banque Postale has joined forces with JCB , the Japan-based card issuer and acquirer and globalpayments brand, in an effort to facilitate payment transactions for JCB cardmembers throughout France. By partnering with La Banque Postale , JCB can now offer a range of benefits to its card members.
It allows for incoming and outgoing transactions across SWIFT multi-currency for internationalpayments; SEPA Euro within the Euro zone; GBP Faster Payments and CHAPS in the U.K.; and FX Payments in 134 currencies. The establishment of virtual IBANs, she said, “allows our clients to make digital transfers.”
Global Exchange is expanding its globalpayments services designed for the professional services space and broadening its customer scope, the company announced on Tuesday (Dec. Cambridge GlobalPayments was acquired by FLEETCOR earlier this year for $690 million. Loiacono, Jr.
will be the first country where the system will operate, and PayXpert will become the “unique acquirer” of MIR cards in Europe, the report noted. In July , Visa said it would comply with a Russian law mandating that internationalpayments systems have to process transactions for the country regardless of U.S.
Worldline , the globalpayment services provider, is expanding its strategic partnership with BKN301 , the Banking-as-a-Service (BaaS) fintech company, enabling it to handle issuing and acquiring technical processing activities. The platforms process over 3.5
Now is the time for American eCommerce to go global.” Currently, PPRO supports internationalpayment methods across 175 countries. PPRO enables businesses to accept more than 140 alternative payments around the globe, partnering with payment service providers and financial institutions. 21 through Oct.
10), the Visa Direct ecosystem of remittance partners will be getting larger, as globalpayment technology firm TransferWise has announced it will be joining the team and offering its customers a new capability to quickly and securely move money to debit cards in real time, globally. “The And, as of today (Dec.
. “This financial backing validates our vision and our ability to take the globalpayments industry into the future, helping fuel positive change across many different sectors of the economy. New Zealand-based Kiwibank went live with ACI Worldwide’s Enterprise Payments Platform. Chilean fintech Levannta raised $2.5
This approach is not limited to domestic payments but is especially relevant to international transactions, which often involve a complex web of correspondent banks. The challenge in internationalpayments primarily revolves around ensuring data accuracy at every step of the payment chain.
Looking to simplify the payments process for these visitors, NPCI InternationalPayments Limited (NIPL) has partnered with Network International (Network), a digital commerce enabler across the Middle East and Africa (MEA) region. It stands to benefit immensely from the new payment method.
SMBs can lock-in rates to better control their internationalpayments. Earlier this month, Spanish bank Banco Santander closed a deal to acquire just over 50 percent of Ebury for $453 million. The acquisition is scheduled to close in the first quarter of 2020 and is intended to help boost Santander’s globalpayments business. .
Resolving these pain points for merchants often means finding a bespoke solution made up of the right combination of acquirers, point-of-sale gateway providers and other financial services providers. Acquirers, much like merchants, specialize in different markets and products, each handling risk and regulations in their own way.
The tie-up integrates PayPal with Bank of America’s Global Digital Disbursements solution that supports business-to-consumer (B2C) globalpayments. The financial institution said at the time it was the first to enable B2C payments via PayPal.
Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. The Ebury payments platform gives small and medium-size companies the ability to trade internationally.
PE Hub noted that among GPS Capital Markets’ direct competitors is Cambridge GlobalPayments, another foreign exchange management and cross-border B2B payments company that was acquired by FLEETCOR in 2017 for about $690 million. “We
McNamara brings over 30 years of experience in the global financial services industry, holding senior leadership roles at major institutions like RBS Group and Standard Chartered Bank. Thredd, a globalpayments platform, has appointed Edwin Poot as global chief technology officer.
We are not too far off when the difference between local and internationalpayments is going to get very blurred to the point where it won’t matter.”. That includes the ability of faster payments initiatives to address corporate, cross-border transactions in addition to consumer, national transactions, he said.
The partnership provides instant access to a broad global collection of information providers supporting document verification, biometric checks and third-party data validation, helping regulated businesses reduce identity fraud whilst delivering a superior customer experience.
Traditional bank transfers remain, by and large, the most common way businesses pay each other internationally, according to the latest research from globalpayments firm Saxo Payments. A slight majority said they’re already satisfied with the rates they’re getting.
Airwallex, a globalpayments and financial platform for modern businesses, partners with Bird (formerly MessageBird), a global communication platform, to power Bird’s internationalpayments operations.
Globalpayments provider Elavon and financial services group Société Générale have partnered up for payment acceptance and acquiring services throughout Europe, according to a release by the companies.
In today’s payments news, cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic as well as globalpayment applications. Western Union Rolls Out Full API Access For InternationalPayments. Also, Uber has rolled out its Uber Money solution.
based Paysafe Group plans to rebrand iPayment as Paysafe after acquiring the company, Paysafe said in an announcement. ” And The Financial Supervisory Service, a South Korean regulator, is projecting that mobile payment transactions will double in value to 27.9 Each counts internationalpayment companies as backers.
Redpin , the embedded software solutions and internationalpayments company, has unveiled a new leadership team. Nexi will use the funds to modernise digital payments and finance projects developed by Nexi Digital, its technological innovation hub.
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