Mon.Jul 15, 2024

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A New Take on the Oldest Form of Bill Payment: Cash

Payments Next

By Michael Kaplan, EVP, PayNearMe What’s in your wallet? That’s a well-known slogan for a major credit card, but it’s also an The post A New Take on the Oldest Form of Bill Payment: Cash first appeared on Payments NEXT.

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Adaptive builds automation tools to speed up construction payments

TechCrunch Fintech

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors. © 2024 TechCrunch. All rights reserved. For personal use only.

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Wirex and Visa Integrate Blockchain Technology with Traditional Finance in Latest Partnership

The Fintech Times

Wirex , a Web3 money app, is partnering with digital payments giant Visa to further the use of digital currencies in the UK and the European Economic Area (EEA). As part of the partnership, Wirex is also launching Wirex Pay, a new modular Zero Knowledge (ZK) payment chain designed to change how users manage and spend traditional currencies, as well as crypto.

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Qashier unveils payment-linked loyalty programme

Finextra

Singapore-based fintech startup Qashier announced today that it is launching Treats, a unique payment-linked loyalty programme that allows customers to seamlessly earn points by simply tapping and paying with their linked cards at any merchant under the Treats programme.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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4 Fintechs in Myanmar to Watch

Fintech News

Myanmar’s fintech industry is poised for significant growth, driven by rising digital payment usage, and strong investor interest. Moreover, with 80% of the country’s 55 million people unbanked , there is substantial potential for fintech solutions. Myanmar’s fintech startups scene is expanding, with digital and card transactions reaching 1.57 billion and a total value of MMK 12.3 trillion (US$3.8 billion) in 2022, according to Thant Mam Hein, assistant manager of sustainability at uab bank.

FinTech 109
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BofA tackles digital payments pain points

Payments Dive

The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.

More Trending

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Wirex and Visa expand partnership to drive Web3 payments adoption

Finextra

The leading Web3 money app, Wirex and Visa, a world leader in digital payments, are thrilled to announce a partnership to further the use of digital currencies in the UK and the European Economic Area (EEA).

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Innovating payment operations in the face of fee reductions

The Payments Association

The payment operations sector is navigating significant challenges due to capped interchange fees, driving a need for digital transformation, cost reduction, and innovative revenue models to maintain profitability.

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Indonesia, South Korea Central Banks Ink Cross-Border Payments MOU

Fintech News

Bank Indonesia (BI) and the Bank of Korea (BoK) have signed a memorandum of understanding (MOU) on cross-border payments. This MOU follows the 2022 bilateral cooperation agreement on central banking and was signed by BI Governor Perry Warjiyo and BoK Governor Rhee Chang Yong. The agreement aims to enhance cooperation on the interoperability of cross-border payments and establish a framework for seamless connectivity between Indonesia and South Korea.

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Unveiled: Key Financial Crime 360 findings

The Payments Association

A deep dive into the Financial Crime 360 survey, highlighting key challenges, prevalent fraud types, and strategic responses across various financial sectors Read more

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

We’re starting off the newsweek with a bang as Bain Capital announces that it will take wealthtech and Finovate alum Envestnet private in a deal valued at $4.5 billion. Be sure to check back all week long with the latest fintech news and headlines. Crypto / DeFi / Web3 Coinbase launches new web app to help users better manage their digital assets portfolio.

FinTech 98
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Griffin earns B Corp certification, reinforcing its commitment to build a business with a positive impact on the world

The Payments Association

Griffin, the UK's leading bank for fintechs commits to the high standards of verified performance, accountability and transparency of the B Corp certification.

FinTech 88
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Santander adds British Sign Language to online content

Finextra

Banco Santander has rolled out a new digital service for deaf customers in the UK by providing its website in British Sign Language (BSL).

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Rakkar Digital Named Custodian for Thai’s Largest Crypto Exchange Bitkub

Fintech News

Bitkub Exchange, Thailand’s largest digital asset exchange , has named Singapore-based Rakkar Digital as its official digital asset custodian. This partnership aims to improve security and operations, reinforcing Bitkub’s reliability for its users. Bitkub , which reportedly processes around US$41.5 million in daily trading volumes, aims to offer improved security and reliability while meeting compliance requirements set by Thailand’s Securities and Exchange Commission (SEC) with this partnership

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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Lloyds to convert old data centres and offices into social housing

Finextra

Lloyds Bank Group is to convert decommissioned data centres and former office sites into new social housing projects.

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95% of Singapore Travel Firms Eye Payment Tech Upgrades as Top Priority

Fintech News

The travel industry, once central to global commerce, has seen major changes due to the COVID-19 pandemic – especially in payments and financial operations. The 2024 State of Payments in the Travel Industry Report by Airwallex and Skift analyses these changes and offers key insights into how travel businesses are adapting to the new payment landscape.

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J D Wetherspoon Partners With Payit by Natwest to Deliver More Secure Payments for Consumers

Fintech Finance

J D Wetherspoon , the leading pub operator in the UK, and the UK’s most visited licensed brand, has partnered with Payit by NatWest to provide customers with a new way to pay for food and drinks via the Wetherspoon app, which will be available as of today. Powered by Open Banking technology, the integration of Payit into the app provides patrons with a fast, secure and reliable means to complete in-app pay orders without the need to input card details or use personal information to sign up for a

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Thunes Strengthens Leadership with Sigrid Hulsebosch as New CFO

Fintech News

Global payments company Thunes has named Sigrid Hulsebosch as its new Chief Financial Officer (CFO). Hulsebosch will be responsible for overseeing Thunes’ financial strategies and global finance functions, including planning, treasury, tax, reporting, and investor relations. She will be based in London and report directly to Thunes’ CEO, Floris de Kort.

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Enhance Customer Value: Unleash Your Data’s Potential

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.

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Paycorp Expands Embedded Business Funding into UK

Fintech Finance

Paycorp , a global leader in payment solutions, today announces the expansion of its embedded, pre-approved business funding offering into the United Kingdom. SMEs account for 61% of all employment in the UK, so it’s critical that they have access to the support and funding that they need to grow. According to the British Business Bank, nearly half (48%) of all UK SMEs with employees sought external finance in 2023, demonstrating the high demand for solutions like Paycorp’s.

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Thought Machine and Quantifeed Team to Modernise Banking, Wealth Management

Fintech News

Cloud-native banking technology firm Thought Machine and Quantifeed, a leading provider of digital wealth management solutions, have announce a new partnership to service the private banking sector worldwide. T he partnership integrates Quantifeed ’s QEngine platform with Thought Machine ’s core banking platform, Vault Core, creating a comprehensive solution for private banks.

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Mastercard update travelers on latest card precautions

Payments Dive

With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

Visa 78
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China’s XTransfer Gets In-Principle Approval for Singapore Payment License

Fintech News

XTransfer, a Chinese B2B cross-border trade payment platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval will enable XTransfer to offer services such as account issuance, domestic and cross-border money transfers, and e-money issuance. With the MPI license, XTransfer plans to launch e-business wallet services in Singapore, offering account opening, top-up options, currency exchange, and cross-bord

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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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Bolt advances strategy under new CEO

Payments Dive

Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

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Newland NPT and neoleap Forge Strategic Partnership to Pioneer Digital Payment Solutions

Fintech Finance

Newland NPT , a leading global provider of smart payment devices and associated infrastructure solutions, and neoleap , a trailblazing Saudi fintech company, renowned for its innovative financial solution, are pleased to announce the signing of a strategic cooperative partnership agreement. This landmark agreement marks the beginning of a collaborative effort aimed at integrating industry resources with cutting-edge digital payment technologies to unlock new market potentials and deliver advance

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India’s GIC Re Chooses SAP Fioneer to Drive IFRS 17 Transition

Fintech News

India’s largest state-run reinsurer GIC has selected SAP Fioneer , a software solution provider for financial services, to enhance its compliance with the International Financial Reporting Standard 17 (IFRS17). IFRS17 , introduced by the International Accounting Standards Board (IASB), mandates significant changes in the accounting for insurance contracts.

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HPS Opens an Office in Australia and Signs Major SaaS Contract With One of the Largest Banks in the Region

Fintech Finance

HPS (CSE: HPS), one of the leading global providers of software and payment solutions, is pleased to announce the establishment of its new entity in Sydney, Australia. This expansion marks a significant milestone in its international growth and commitment to delivering cutting-edge solutions to its clients across the Asia Pacific region. Indeed, the new HPS Australian entity will focus on managing its clients in Australia and New Zealand.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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BNP Paribas signs wide-ranging payments deal with Ant International

Finextra

BNP Paribas is collaborating with China's Ant international on a range of initiatives to boost cross-border payment services for merchants and consumers in Europe.

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American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Fintech Finance

The American Fintech Council (AFC) , the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans.

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Natalia Goh Now MariBank CEO Following Tenure as COO at Trust Bank

Fintech News

Natalia Goh has been appointed as the new CEO of MariBank , a digital bank licensed by the Monetary Authority of Singapore and a wholly-owned subsidiary of Sea Group. Goh succeeds Zheng Yu Dong, who announced last week that he will be stepping down after a five-year tenure but will continue to serve as an advisor to both MariBank and Sea Group. Natalia Goh She shared in a LinkedIn post , “This team has recently been recognised with two awards at the Asian Banking & Finance Awards 2024

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PSR and FCA Launch Joint Call for Information on Big Tech and Digital Wallets

Fintech Finance

The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one. With Apple Pay, Google Pay and PayPal being three of the most widely used digital wallets in the UK today, digital wallets have become an increasingly important touchpoint between Big Tech firms and UK

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.