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Jingle Pay provides innovative services, including multi-currency accounts, instant money transfers via the world’s first remittance marketplace, card payments, and last-mile payouts across 150+ corridors in 99+ currencies.
Partior’s platform is live with prominent currencies, such as USD, EUR and SGD, and is used by major banks and firms, including DBS, JP Morgan, Standard Chartered, Siemens and iFAST Financial. Its platform covers payments in 173+ countries with local payment options in 70+ markets and offers global business accounts in 60+ currencies.
KCB Bank , the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya’s first platinum multi-currency prepaid card which will empower its customers with the flexibility and convenience they need to pay for goods and access funds across borders.
Merchants partner with acquirers or payment processors to enable transactions. Acquirer (Merchant’s Bank) : The acquirer , often referred to as the acquiring bank, is the financial institution or processor that partners with merchants to process their transactions. hosts over 320 active merchant acquirers.
Bank Alfalah , a commercial bank in Pakistan with a network of over 1,000 branches, has acquired a stake in Jingle Pay , a UAE-born fintech specialising in cross-border money transfers licensed by the Dubai Financial Services Authority (DFSA). per cent equity in the fintech firm.
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 full list of benefits of Worldlines e-commerce solution can be found here.
It enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. Headquartered in the UK, Sokin enables more than $4.5
With no monthly fees, competitive transaction rates, multi-currency processing, and advanced fraud protection, FMPay aims to empower small businesses to grow by providing cost-effective, reliable, and transparent payment solutions, supported by a dedicated team.
Both companies will work together to create new tools that enhance the omnichannel processing of all payment methods, including POS systems, e-commerce solutions and multi-currency sales, optimising development times to offer enhanced customer experience.
Total payment volume (TPV) of Antoms direct acquiring services nearly doubled between January and November 2024 over same period of 2023. Antom: a leading merchant payment and digitisation services provider, offering one-stop, vertical-specific digital payment solutions to merchants of all sizes.
Clearly Payments helps enterprises: Audit and map existing payment flows across systems, departments, and markets Design a modern, modular payments stack that supports both online and offline channels Integrate with new technologies , from tokenization to real-time payments and crypto Migrate legacy systems with minimal disruption Enable multi-currency (..)
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 post Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin appeared first on FF News | Fintech Finance.
Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. Acquiring bank – Acts as the link between the merchant and the issuing bank. While the acquiring bank is the merchants bank, the issuing bank is the customers bank.
The Acquiring Bank The acquiring bank receives funds on behalf of the merchant. To manage these challenges, businesses can work with global payment processors that offer localized payment methods, multi-currency accounts, and advanced fraud prevention tools. The Customer The person making the payment.
It says that each market presents distinct challenges, including varying payment methods, currencies and regulatory frameworks. Antom will look to help Booking.com navigate this complexity by leveraging its extensive payment channel partnerships and deep knowledge of local payment landscapes. .
Digital bank Pockit has acquiredmulti-currency account provider Monese. based digital bank Pockit announced that it has acquiredmulti-currency account provider Monese. based digital bank Pockit announced that it has acquiredmulti-currency account provider Monese.
UK headquartered payments firm Sokin today announces that it has acquired Norwegian fintech Settle Group AS (Settle) for an undisclosed amount. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform.
Imagine you’re expanding from debit/prepaid cards to credit cards and exploring becoming an acquirer or launching a digital wallet. You might also be an acquirer targeting global ecommerce, needing new pricing models, unique features, and specialised expertise. Traditional methods coexist with Open Banking and Web 3.0,
As businesses expand internationally, they encounter challenges such as high currency conversion costs, foreign exchange risks, and the complexity of managing multiple bank accounts. As a trusted acquirer with nearly 15 years of industry experience, payabl.’s Developed by payabl.’s With payabl.’s Building on payabl.’s
The Barcelona-based fintech provides a one-stop-shop multi-currency account for corporate treasurers and recorded an annual revenue of over €5million and an annual profit of €1million. Neo has been able to help businesses through its multi-currency account.
A localised checkout experience is critical, as a significant majority of consumers prefer pricing in their local currency and want to see their preferred payment methods available. With this expansion, Airwallex now supports merchants across 35 countries, facilitating their growth by connecting them to a global customer base.
They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. Acquiring Bank: The business’ (i.e., merchant’s) bank.
The MPI license will also impact Singapore-based businesses, which will be able to leverage Currencycloud to help their customers make conversions and payouts in their own time zones and local currencies. ” Founded in 2012, Currencycloud facilitates cross-border, multi-currency transactions.
BOCHK will leverage Worldline’s innovative cloud-native application to further enhance customer experience and expand customer offering with its new Mastercard multi-currency debit card. Paysuite Essential Edition is an open platform card solution featuring five core functions: issuing, acquiring, authorization, switching and routing.
That, then evolved into multi-currency wallets and the ability to hold multiple currencies. Visa saw great value in that and became a partner and investor in 2020, before acquiring us in 2021 ,” said Rohit.
The acquiring bank : the is the financial institution that issued the merchant account and receives the funds from the transaction into that merchant account until the payout date. If you plan to reach a global audience, then a multi-currency payment gateway is a must. Another thing to activate are email notifications.
Nsave , provider of a multi-currency prepaid card payment solution to individuals, raised $18million in series A funding accounting for nine per cent of the funding in this space. The Investment Tech segment has witnessed a total of $90million in Q1 2025 compared to $192million witnessed in Q4 2024, a decline of 53 per cent.
The British fintech company Pockit and the pan-European fintech Monese today announce that they have agreed terms for Pockit to acquire Monese, subject to Change in Control approval by the FCA, creating the leading fintech for the financially underserved and lower-middle-income consumers across the UK and Europe.
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. Paloma has raised over 520million of capital in three funds since launch.
For instance, Nexi, the pan-European acquirer serving two million merchants, launched a project in 2021 to integrate machine learning into its infrastructure, enhancing its risk management, marketing, and operations. The rise of Genereative AI in payments is transforming the sector significantly.
The network facilitates transactions across regional payment schemes and about 130 currencies, and regulatory and compliance tasks are streamlined and automated. Beyond solely collecting payment, she added, digital banking can be customized as firms pay their expenses, perhaps across a range of currencies. to name just a few.
Across payments, many business models are impacted in different ways and to different extents, e.g. remittance, acquiring, and e-money. Firms operating in multiple currencies or across differing time zones may face trouble in ensuring funds are instantly deposited into safeguarding accounts.
In the absence of applied standards, fragmentation and growing complexities continue to plague merchants, issuers and acquirers, promising ongoing and exponential consequences. In a world where data is the universal currency, solutions that support dynamic datasets and multi-layer exchanges are not only ideal – but vital.
Payoneer is acquiring HR platform Skuad. Hours after I published a piece highlighting summer acquisition activity in fintech, I woke up to this news: global digital commerce company Payoneer announced today that it has acquired HR platform Skuad.
Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. The company’s international digital payments network supports more than 145 currencies, and processes billions of transactions a year.
Boston-based Flywire has made another move to diversify beyond its original cross-border tuition payments niche by acquiring Pace Invoice, a multi-currency invoicing platform enabling clients to more easily link outgoing cross-border invoices with incoming receivables.
Partnerships Tribe Payments, the digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, is chosen by global payment and digital financial infrastructure platform PhotonPay to provide its issuer processing services.
In our new ‘Need to know’ series, we speak with some of the product experts at Tribe Payments – starting off with Alex Kelly, our VP of Business Solutions, who tells you all you need to know about Acquirer Processing – including how it differs from an acquirer. Can the acquirer and the acquirer processor be the same company?
EquensWorldline, an OpenWay client, migrated to the Way4 acquiring platform when SEPA was introduced in Europe. Halyk Bank also expanded its acquiring business to include e-commerce and QR payments, going beyond POS transactions. Migration to Way4 allowed them to maintain differentiation and avoid replicating legacy environments.
The new partnership will strengthen KCB Bank’s multi-currency offering by launching Kenya’s first platinum multi-currency prepaid card. It will allow users to load and transact in 11 currencies while helping users avoid the typical exchange fees associated with currency conversion.
Payment orchestrators streamline the process of routing transactions to the most appropriate payment providers based on various factors such as cost, success rates, currency, and geographical location. Core Functions of a Payment Orchestrator Here we’ll cover the core functions that drive the core value of payment orchestrators.
With a move that opens a B2B payment gateway to China , Harbour & Hills (H&H) Financial Services Limited said it has acquired a controlling stake in Global Envoi Limited (GEL). dollars, as well as other currencies, to many destinations such as Korea, Indonesia and India. H&H provides clearing services in U.S.
One of AI’s most transformative impacts in the payments industry is on payment routing, the process that ensures each transaction finds the most efficient and secure path from customer to the acquiring bank. Looking ahead The pace of change shows no sign of slowing, and AI/ML offers ample room for further enhancements in payment routing.
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