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With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and EmbeddedFinance. billion user accounts.
Alipay and WeChat Pay dominate China’s digital payment landscape, making it the largest and most influential wallet market globally, according to Worldpay’s The Globalpayments Report 2024. In Southeast Asia, digital payment transactions are projected to exceed US$1 trillion by 2025.
This April, The Fintech Times is focusing on all things embeddedfinance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embeddedfinance has to offer and overcome across the globe.
This April, The Fintech Times is focusing on all things embeddedfinance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embeddedfinance has to offer and overcome across the globe.
The Rise of EmbeddedFinanceEmbeddedfinance is revolutionising the way businesses interact with financial services. By integrating payment solutions directly into non-financial platforms, companies can offer seamless user experiences. As AI technologies advance, their applications in payments will only increase.
BaaSFlow BaasFlow delivers open-source, cloud native core banking infrastructure and is introducing its Kenu Banking Platform with loan management and BNPL functionality. Credit unions, community banks, credit union service organizations, neobanks, embeddedfinance companies, and payment service providers with a need for embedded lending.
In response to these concerns, dedicated SaaS solutions , such as those offered by globalpayments software provider OpenWay, provide an alternative. The Way4 digital payments platform can be run in a dedicated SaaS model with a certified operational partner.
Airwallex (Singapore) Founded in 2015 in Australia, Airwallex is a leading global financial platform for modern businesses, offering solutions to manage everything from payments, treasury, and spend management to embeddedfinance. billion and 130% YoY growth in revenue.
The company specializes in discounted consumer goods, and offers a diverse array of payment methods, including major credit cards like Visa, Mastercard, and Discover, digital wallets like Apple Pay and Google Pay, PayPal, as well as and buy now, pay later (BNPL) arrangements.
Embeddedfinance is rapidly changing the way consumers and businesses alike interact with financial services. As traditional banking processes are replaced by more integrated financial solutions, companies across industries are embeddingpayment processing, lending, insurance, and investment services directly into their platforms.
Most recently, he served as chief commercial officer at Monavate, a UK based payments company. Thredd, the next-generation globalpayments processor, has strengthened its management team to accelerate business growth and capture the globalpayments and embeddedfinance opportunity.
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