Finextra
NOVEMBER 11, 2024
Travelex, a market leading foreign exchange brand, has launched a major refresh of its international ATM estate, replacing the hardware and software of its entire portfolio of 600 ATMs across eight countries.
Fintech News
NOVEMBER 11, 2024
Digital financial services (DFS) in Southeast Asia (SEA) are experiencing a remarkable growth trajectory, with projected revenues soaring by 22% from US$22 billion in 2022 to US$33 billion in 2024, a new report by Google, Temasek and Bain and Company says. The annual e-Conomy SEA report explores the trends and insights of the five mainstay digital sectors in SEA, namely e-commerce, travel, food and transport, online media, and DFS.
Finextra
NOVEMBER 11, 2024
The Reserve Bank of Australia is calling on industry players to take part in the experimental research phase of a project exploring the development of a wholesale CBDC and tokenised bank deposits.
Fintech News
NOVEMBER 11, 2024
The Deutsche Bundesbank has become a member of Project Guardian , a global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenisation in financial markets. As the German member of the Eurosystem and the monetary authority for Germany from 1957 to 1998, the Bundesbank brings its expertise to the project. Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency thro
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
Finextra
NOVEMBER 11, 2024
The fastest growing scams of 2024 have been uncovered in a new study by NatWest which reveals 42% of British adults have been targeted by a scam in the last 12 months.
Fintech News
NOVEMBER 11, 2024
The Monetary Authority of Singapore (MAS) announced new initiatives aimed at bolstering financial cooperation with China. These initiatives focus on green finance and capital markets, further solidifying the strong ties between the two nations. One of the key initiatives is the expansion of the Common Ground Taxonomy (CGT) to include the Singapore-Asia Taxonomy by the end of 2024.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
NOVEMBER 11, 2024
Australian-born fintech unicorn Airwallex has launched Airwallex Impact, a global social impact programme underpinned by a 1% equity pledge, currently valued at over US$56 million. This commitment ensures a sustainable source of funding as its value grows with the company, aligning Airwallex with the Pledge 1% movement. The company joins the likes of Atlassian, Canva, Salesforce, Airbnb, Okta, and Reddit in dedicating resources to social causes with the Pledge 1% movement , Airwallex Impact wil
The Payments Association
NOVEMBER 11, 2024
In the fast-paced world of business, managing international payments, taxes, and regulatory compliance can become overwhelming. For companies looking to scale globally, these complexities often take up valuable time and resources that could be better spent on innovation and growth. This is where the Merchant of Record (MoR) model steps in, offering a comprehensive solution to streamline these processes.
Fintech News
NOVEMBER 11, 2024
Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone payment solution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store. FOMO SoftPOS offers a more affordable and convenient alternative to traditional POS terminals, significantly reducing hardware costs by over 90%.
The Payments Association
NOVEMBER 11, 2024
Games aren’t the first association we make when we think of financial services apps(!) but gamification is transforming this. If you aren’t familiar, gamification is the process of adding games or game-like elements in an app to improve engagement. Gamification is rapidly emerging as an important strategy within fintech, even if entertainment doesn’t have the most obvious link to financial services.
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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?
Fintech News
NOVEMBER 11, 2024
DBS Group Holdings CEO Piyush Gupta has sold a portion of his shares, netting S$12.6 million amidst a rally of Singapore bank stocks, according to a bourse filing reviewed by The Business Times. Gupta’s transaction, which involved offloading 300,000 shares across 7 and 8 November, coincided with DBS ‘ share price surging past the S$40 mark.
The Payments Association
NOVEMBER 11, 2024
Open banking, the initiative allowing third-party providers (TPPs) access to customer financial data with explicit consent, promised a revolution in the financial landscape. Initially lauded as a catalyst for innovation and consumer empowerment, its European rollout, while making significant progress, has fallen short of initial expectations. This article delves into the goals, challenges, and future of open banking, focusing specifically on the profitability concerns hindering widespread adopti
Fintech Finance
NOVEMBER 11, 2024
Satispay – the innovative payment network that reached unicorn status in September 2022 following a funding round led by Addition – has completed a new capital increase of €60 million, bringing total funds raised to over half a billion euros. The operation, which is supported by the three main investors, Addition, Greyhound, and Lightrock, reflects Satispay’s solid partnership with its main investors, who, in light of the excellent progress over the past two years, saw an opportunity to exponent
The Payments Association
NOVEMBER 11, 2024
Paytently , a leading fintech firm known for its innovative payment orchestration platform, is thrilled to announce the appointment of Paul Marcantonio as General Manager. With over 20 years of experience in regulated payments and the interactive entertainment industry, Paul brings extensive knowledge and expertise that will further strengthen Paytently’s position in the global payments landscape.
Speaker: Jennifer Wright and Nick Barron
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
Fintech News
NOVEMBER 11, 2024
The National Bank of Cambodia (NBC) has launched the Bakong Tourists app in collaboration with Mastercard at a ceremony in Phnom Penh. The app simplifies digital payments for international tourists visiting Cambodia. Tourists can download the app upon arrival and seamlessly top up their Bakong accounts using their Mastercard issued in their home countries.
Fintech Finance
NOVEMBER 11, 2024
Paytently , a leading fintech firm known for its innovative payment orchestration platform, is thrilled to announce the appointment of Paul Marcantonio as General Manager. With over 20 years of experience in regulated payments and the interactive entertainment industry, Paul brings extensive knowledge and expertise that will further strengthen Paytently’s position in the global payments landscape.
Fintech News
NOVEMBER 11, 2024
Grab Holdings reported significant growth in its financial services and digital banking segments for the third quarter of 2024, driven by an expansion in lending and deposit services. Revenue from financial services rose 34% year-over-year (YoY) to US$64 million, or 38% on a constant currency basis. The growth was attributed to GrabFin’s expanding lending operations, new contributions from its digital bank, and optimisation of payment incentives.
Fintech Finance
NOVEMBER 11, 2024
BankservAfrica is pleased to announce a significant industry collaboration with the South African Reserve Bank (SARB) , intended to transition the company into a national Payments Utility through a collaboration with commercial bank shareholders. Whilst still subject to conclusion of the detailed transaction agreements and regulatory approvals, this strategic partnership seeks to bolster efforts to modernise South Africa’s national payment system, making the payment system more secure, inclusive
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.
TechCrunch Fintech
NOVEMBER 11, 2024
The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches 40 […] © 2024 TechCrunch.
Fintech Finance
NOVEMBER 11, 2024
Global branded payments provider, Blackhawk Network (BHN) has partnered with Visa Inc. and Mastercard to bring the speed, convenience and security of an eGift into physical retail stores with the launch of Visa® eGift and Mastercard® eGift. The patented, tamper-evident gift carrier does not have a card inside. Rather, once the eGift is activated at purchase, consumers use a mobile device to scan the QR code inside the carrier to load the funds directly to their digital wallet for immediate use i
Payments Dive
NOVEMBER 11, 2024
The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.
Fintech Finance
NOVEMBER 11, 2024
The Payments Group (TPG) , a new global payments company, has announced a deal with online dating giant, HubPeople. HubPeople is an AI-based software platform that powers many of the world’s top dating applications and websites, which have a combined 100m users worldwide. For the first time, anyone using a HubPeople powered dating brand will now be able to pay for their dating subscriptions in cash with TPG’s award winning CashtoCode service.
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.
The Fintech Times
NOVEMBER 11, 2024
Two-thirds of businesses across Europe believe that legacy banks are too slow to meet their financial needs, according to a new survey conducted by global financial app Revolut Business and market research firm Dynata. The survey also found that nearly 80 per cent of businesses have faced issues with high fees, slow transactions and poor mobile experiences from traditional banks.
Fintech Finance
NOVEMBER 11, 2024
Emirates NBD , a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region and Mastercard have partnered to introduce the Emirates NBD Wholesale Travel Solution, an innovative virtual card based B2B payment product now available to travel agencies. This new collaboration marks the continuation of a long-standing strategic partnership between the two companies and aims to digitize and optimize payment flows between travel agencies and the various suppliers associated with
Fintech News
NOVEMBER 11, 2024
The Bank for International Settlements ( BIS ) has announced the appointment of Pablo Hernández de Cos as its next General Manager. His five-year term will begin on 1 July 2025, succeeding Agustín Carstens, whose tenure concludes in June 2025. Hernández de Cos brings extensive experience in central banking and international finance. He served as Governor of the Bank of Spain from 2018 to June 2024, during which he was a member of the European Central Bank’s Governing Council and chaired the Base
Fintech Finance
NOVEMBER 11, 2024
Yuno , the world’s leading payment orchestrator, announced the launch of Smart Routing, a revolutionary payment solution that uses Yuno’s proprietary data and intelligent algorithms to automatically route payments through the most efficient pathways. The announcement was made at Web Summit, an event focused on the latest in global technology innovation.
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The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
Finextra
NOVEMBER 11, 2024
Singapore-based mixed reality and AI company, BuzzAR, welcomes Romeo Sun as their new Co-Founder and Payment Head and launches BuzzPay on 11 November.
Fintech Finance
NOVEMBER 11, 2024
Singapore-based mixed reality and AI company, BuzzAR , welcomes Romeo Sun as their new Co-Founder and Payment Head and launches BuzzPay on 11 November. Romeo comes with operator experience as Ex Alibaba, Ex Lazada and Ex Stripe, leading the growth strategies for these companies and will be a strong addition to the original duo, Bell Beh and Ken Lim, forming a strong team to skyrocket the hyper growth in the intersection of AI, tourism and cross border fintech.
Payments Dive
NOVEMBER 11, 2024
Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.
Fintech Finance
NOVEMBER 11, 2024
Thunes , the Smart Superhighway to move money around the world, today welcomed Papara , Türkiye’s leading fintech company, as a new Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This alliance empowers Papara users in Türkiye, enabling them to send money into 3 billion mobile wallet accounts, 4 billion bank accounts, and 15 billion cards in over 80 currencies to more than 130 countries.
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
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