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dLocal , the leading payment platform connecting global merchants to emerging markets, today announced the expansion of its partnership with Spreedly, the world’s leading Open Payments Platform. “By streamlining payment processes, we enable Spreedly’s customers to offer local payment options with minimal effort. .”
In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternativepaymentmethods and the rise of digital currencies. APAC leads the world in digital wallet adoption.
Credit cards are practically a relic of the past in China, with QR code payments via AliPay and WeChat Pay now already accounting for a collective 92% share in Chinas massive payments market. Its clear that APAC isnt just embracing the future of digital payments its defining it.
Yuno , the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. SheueChee is actively involved in community-based initiatives across the APAC region and is also a recipient of Money2020’s prestigious RiseUp leadership program.
With 355 million gamers contributing to an expected US$14 billion market in 2024, LatAm is emerging as a major growth region for global gaming companies, presenting considerable opportunities for Asia-Pacific (APAC) firms, according to Eduardo de Abreu, Vice President of Product at EBANX, a leader in localized payment solutions.
94% of people in the APAC region say they will consider using at least one emerging alternativepaymentmethod in 2022, according to the Mastercard New Payments Index.
. “By integrating our leading digital payments solutions with Pinchs innovative technology and local expertise, we are able to deliver innovative payment solutions to empower merchants across the APAC region. This shift is being driven by the rise of open banking and a push for lower-cost, real-time payment options.
Nuvei’s modular payments platform enables clients to securely connect with customers in over 200 markets worldwide through a single integration, accepting 680 alternativepaymentmethods and offering acquiring in over 50 markets. The company that it will continue to invest in building its presence across APAC.
Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major Payment Institution license in Singapore. The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternativepaymentmethods and offering acquiring in over 50 markets.
Notably, North America saw a 30% rise in attack rates, in contrast to declines in Asia-Pacific (APAC) and Europe, the Middle East and Africa (EMEA), where rates dropped by 15% and 24%, respectively. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).
Businesses in Singapore are now benefiting from Nuvei’s cutting-edge, agile technology that’s built to accelerate their growth, as well as Nuvei’s global reach and expertise in local markets across Asia-Pacific (APAC). The post Nuvei Secures MPI License in Singapore to Accelerate APAC Expansion appeared first on Fintech Finance.
JCB International , Japan’s international payment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.
The offer is completely aligned with the preferences in Latin America: internal data of EBANX show that more than 75% of B2B transactions in the EBANX platform are paid with alternativepayments (other than cards). This enables businesses worldwide to engage in cross-border trade with confidence in the LatAm region. “We
and more paymentmethods overall (average of six vs five) than that of mass consumers’, demonstrating their willingness to do more to maximise the incentives from each transaction. In APAC, affluent consumers use even more paymentmethods, with an average of 7.5 per person.
Typical B2B payments can still take up to 14 days to be confirmed and involve up to six intermediaries, often with low visibility and high fees, according to EBANX’s annual study, Beyond Borders 2024. Internal EBANX data also shows that APMs power over 75 per cent of B2B transactions in the EBANX platform.
Unlimit will provide VTEX’s merchants with more domestic and international payment services to support growing cross-border commerce. This will include processing payments in local currencies, via alternativepaymentmethods (APMs) Pix and Boleto, and a further 15 APMs in the coming months.
Nium, the real-time cross-border payments company, has expanded its partnership with Thredd , the payments processor, to issue virtual cards in the APAC region. The referral programme enables customers to receive a discount on their travel money purchases both in Travelex’s 66 stores across Japan or online.
The appointment underscores Xceptor’s continued investment and penetration into the APAC region. He was most recently head of APAC at Duco. Partnerships dLocal, a cross-border payment platform, has forged a partnership with Open English , an online English-learning platform.
It is interesting to observe how the innovation brought by alternativepayments is improving the whole ecosystem, and impacting cards as well – including debit ones – which remain steady and keep playing an important role in the digital economy as account ownership surges in rising markets.
Pix, one of the paymentmethods supported by Yuno, now surpasses credit and debit cards as the preferred paymentmethod in the country, with approximately 80 per cent of Brazilian adults using it in their day-to-day lives. What is Yuno doing to improve the payments sector in Brazil and LatAm?
Africa heavily embraced digital payments causing a jump from a 23 per cent to a 46 per cent penetration rate in many of its countries in less than eight years. “Cards and alternatives are learning from one another, absorbing features from one another, paying attention to the needs of merchants and consumers,” Bellizia noted.
Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, today announces an expansion in Asia-Pacific (APAC), having completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by the Japanese Ministry of Economy, Trade and Industry.
With more than 20 years of experience in the payments industry across the payments ecosystem, Anant Patel has led both fintech startups and corporate payment businesses in Europe and internationally.
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