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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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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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 110
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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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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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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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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.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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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.

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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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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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Stabilising The Crypto Frontier: UAE’s Groundbreaking Stablecoin Regulations

The Fintech Times

The UAE has rapidly positioned itself as a key player in the global virtual assets market, setting a benchmark with its forward-thinking regulatory frameworks. In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins.

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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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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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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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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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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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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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Qashier Unveils Treats, an Offering That Streamlines POS, Payment, and Loyalty Mechanisms into an Automated Payment-Linked Loyalty Solution

Fintech Finance

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. Since piloting the loyalty programme with 7,000 customers in June 2024, Qashier’s merchants have seen an average of 26% increase in customer purchases and an increased return rate of customers within an average of eight days.

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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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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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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.

Advisors 101
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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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Pelago Partners With Primer to Deliver Payments Innovation for the Global Traveller

Fintech Finance

Primer , the unified infrastructure for global payments, and Pelago , the travel experiences arm of Singapore Airlines Group, have forged a partnership allowing Pelago to elevate its payments strategy and meet the payment preferences of travellers worldwide. By partnering with Primer, Pelago is reconfiguring its payment stack to enhance the customer experience with local payment methods, reduce processing costs through multiple processors, and improve operational efficiency and fraud prevention

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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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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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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.

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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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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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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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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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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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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.