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Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
What is this article about? How fintechs are challenging traditional banks in the merchant services space, posing a threat to banks’ core business and revenue streams. Why is it important? The shift driven by fintechs could erode banks’ dominance, forcing them to modernise or risk losing a significant share of the market. What’s next?
Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries. Qover made its Finovate debut at FinovateEurope 2018 in London.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Crypto exchange OKX has partnered with DBS to offer Singaporean customers instant and free deposits and withdrawals in Singapore dollars (SGD). These improvements are the first of many part of a broader effort to enhance OKX’s platform, providing users with a more streamlined and efficient experience. Customers can now deposit SGD into their OKX accounts using PayNow and withdraw funds via FAST, provided their bank is one of the 27 institutions participating in the service.
Did you know that rising loan delinquency rates can lead to significant opportunity costs and damage the reputation of Microfinance Institutions (MFIs)? According to a recent Business Standard report, non-banking financial companies (NBFCs) focusing on microfinance may face higher credit costs due to increasing loan delinquencies. In addition, the asset growth of these companies is […] The post Why Loan Delinquency is a Wake-Up Call for MFI Lenders and the Industry appeared first on Finezz
Did you know that rising loan delinquency rates can lead to significant opportunity costs and damage the reputation of Microfinance Institutions (MFIs)? According to a recent Business Standard report, non-banking financial companies (NBFCs) focusing on microfinance may face higher credit costs due to increasing loan delinquencies. In addition, the asset growth of these companies is […] The post Why Loan Delinquency is a Wake-Up Call for MFI Lenders and the Industry appeared first on Finezz
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme.
In the wake of Illinois being sued over its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with the idea.
eNovate , formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. The collaboration will see eNovate leverage Mastercard expertise in payment technology to further reinforce its position in building ready to market hubs for businesses to drive digit
The PCI SSC Asia-Pacific Community Meeting is coming to Hanoi, Vietnam from 20-21 November 2024. This event will gather payment security professionals from across the region to discuss developments in global payment security, industry trends, and standards. Participants can attend in person or via livestream to hear from experts, including keynote speaker Dr.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.
The message from the Chancellor in the Autumn Budget was loud and clear: Britain must “invest, invest, invest” to grow the economy, outlining the Labour Government’s plans for a National Wealth Fund and a new modern industrial strategy. However, in the fallout from the headline announcement of a £40 billion tax rise, with £25 billion to come from employer national insurance contributions increases, the business community’s reaction has largely been negative [1].
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, as highlighted by Modulr’s survey of 250 accounting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.
Nubank has launched cryptocurrency swap tool in its app where customers who own cryptocurrencies can now trade Bitcoin, Ethereum, Solana, or Uniswap for USDC and vice versa.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
The lead-up to the festive season is critical for e-commerce merchants. With Black Friday fast approaching and the holidays just around the corner, competition is at its highest. Inclusive global payments platform, Ecommpay , is helping merchants capitalise on this busy and profitable shopping window by providing insight into how to ensure their shopping, checkout and payment journey is as positive as possible, removing potential friction that could cause customers to drop off before finalising
The European Central Bank (ECB) has been debating whether to release a sensitive report underlining capital requirements for large EU lenders compared to US financial institutions.
Financial services firms now have just one month to respond to a consultation proposing major regulatory changes to protect consumers, by bringing regulated payment firms under the CASS (Client Assets) system of managing customer funds. Leading audit, tax and consulting firm RSM UK is encouraging payment providers and other interested parties to respond to the FCA consultation which closes on December 17 th.
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
AuthenticID , a provider of identity verification and fraud prevention, has teamed up with the California Department of Motor Vehicles (DMV) to improve the state’s mobile driver’s licence (mDL) program.
In April 2024, the FloQast team announced our Series E to the public, raising $100M in a round led by ICONIQ Growth , with Roy Luo joining FloQast’s Board of Directors. This might sound obvious, but timing of the round was intentional. Our goal was to ramp up product development and enhancement, first and foremost, but also to improve the customer experience, fuel international expansion, and tap into a wealth of knowledge and experience possessed by our new investors (which also included BDT &#
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
New research from Visa reveals that more than two fifths (41%) of small-medium businesses in the UK have been a victim of fraud, with the average amount lost due to fraudsters in the last year being £3,808.
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral agreement with National Bank of Fujairah (NBF ) to extend digital payment services to the bank’s corporate customers. The collaboration will allow NBF to offer Network’s omni-channel payment solutions including online payment solutions and in-person payment solutions to its corporate clients, providing secure and seamless services that enhance operational efficiency and cus
Payments-as-a-Service firm Volante Technologies has launched a new solution to offer financial institutions visibility and operational control over their payments business. The new solution, Volante Payments Intelligence, enables banks to better understand their payment operations, simplifying decision-making while improving business performance. It leverages historical and real-time payment data to help banks strategically plan, optimise operational efficiency, and accurately track performance.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.
Online payments giant PayPal has launched a new feature in its app to make it easier for customers to pool money with friends and family for group gifts, travel, events or other shared expenses. Through its new feature, PayPal plans to give its customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw.
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