Fintech Finance

NOVEMBER 18, 2024

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.

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Payments Dive

NOVEMBER 19, 2024

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

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Visa Credit Cards Payments 217

Fintech News

NOVEMBER 21, 2024

India is advancing efforts to establish cross-border payment linkages with multiple countries, as reported by Bloomberg, citing an official from the Reserve Bank of India (RBI). T Rabi Sankar Deputy Governor T. Rabi Sankar, speaking at a conference in the Philippines, highlighted ongoing discussions with nations like the UAE and other regional neighbors to broaden this network.

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Finextra

NOVEMBER 18, 2024

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.

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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

Payments

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. The SOE optimises transaction routes and provides near-instantaneous settlement for financial institutions globally.

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Fintech News

NOVEMBER 20, 2024

PayPal has announced that its disbursement partners can now use PayPal USD (PYUSD) to settle cross-border money transfers via Xoom, its digital remittance platform. Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.

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Finextra

NOVEMBER 20, 2024

Australia's top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.

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Scams Security Technology 134

Fintech Finance

NOVEMBER 19, 2024

PayFuture , a leading global payment technology provider, has launched its operations in Pakistan, creating new opportunities for international businesses to engage with one of South Asia’s most dynamic ecommerce markets. With PayFuture’s advanced payments technology and deep regulatory knowledge, businesses can now navigate the complexities of this high-potential market with ease.

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Cross-Border Payments Regulatory Compliance Cross-Border Fraud Prevention 98

Payments Dive

NOVEMBER 20, 2024

"Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

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Fintech News

NOVEMBER 19, 2024

Over 50 speakers have already been confirmed to take the stage at Money20/20 Asia 2025 in Bangkok, Thailand. The conference returns for its second edition from 22 to 24 April 2025 at the Queen Sirikit National Convention Center. More than 3,000 people from 85+ countries attended in 2024, and next year’s show promises to be even bigger and better. Thirty-six leading names, including OpenPayd, Terrapay, Thunes, Chubb, Trulioo, and Nium, have already signed up as sponsors.

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Finextra

NOVEMBER 20, 2024

Moss, a leading innovator in B2B spend management solutions, has partnered with Airwallex, the leading global payments and financial platform for modern businesses, to embed global bank transfers and expand operational capabilities, supporting Moss’ international growth ambitions.

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Fintech Finance

NOVEMBER 22, 2024

Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. The two companies will launch a streamlined payments platform that seamlessly links buyers and suppliers. Rolled out initially in the UAE and Saudi Arabia, the innovative tech-driven solution will boost the user experience by including added-value capabilities, such as Fundbot’s dynamic discount prod

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Payments Dive

NOVEMBER 21, 2024

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

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Payments 158

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

Best Practices

Fintech News

NOVEMBER 18, 2024

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.

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Finextra

NOVEMBER 19, 2024

South African fintech Mama Money Financial Services has launched a new bank card that enables cardholders to manage their account and money through WhatsApp.

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The Fintech Times

NOVEMBER 19, 2024

The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)

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Scams Rules Payments Regulations 105

Fintech Finance

NOVEMBER 21, 2024

New Africa Technology (NAT) , a fintech company based in Senegal, joins forces with Mastercard to introduce a virtual and physical prepaid card for individuals through NAT’s existing digital wallet solution, ‘’Flash’’. This collaboration aims to transform the payment landscape in Senegal, Côte d’Ivoire, and Benin. The solution is also designed to support merchants by driving payment acceptance through advanced technologies such as QR Pay, Pay by Link and contactless payments.

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Visa Technology FinTech Financial Inclusion 103

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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.

Payments

Fintech News

NOVEMBER 20, 2024

A new study by MoneySmart reveals that social media has become the go-to source for financial advice in Singapore. Over half (51%) of adults rely on platforms like YouTube, Instagram, Facebook, TikTok, and WhatsApp for financial guidance. This marks a significant shift away from traditional sources like family, friends, and financial advisors. The study, which surveyed 1,000 Singaporean adults across all age groups, found that social media is influencing key financial decisions.

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Credit Cards Scams Advisors Finance 122

Finextra

NOVEMBER 19, 2024

BNPL firms Klarna and Afterpay are both set to become payments options on Google Pay in the US.

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Payments Dive

NOVEMBER 22, 2024

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

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Fintech Finance

NOVEMBER 20, 2024

New research from NatWest has revealed the continued fast pace of change in the payments behaviours of people across the UK. As digital payments become more readily available, in 2024, only 8% of adults report that they still use cash and coins “all of the time,” according to new NatWest data. The research, surveying over 2,000 adults across the UK, highlighted the impact of digital alternatives, indicating that the vast majority of cash users are able and willing to use card or contactless paym

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ATM Push-to-Card Payments Non-Bank 110

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.

Payments

Fintech News

NOVEMBER 18, 2024

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.

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Payment Security Security Participant Industry Trends 120

The Payments Association

NOVEMBER 21, 2024

Paydock, a leading eCommerce payment orchestration platform, has announced a strategic partnership with Aevi, a pioneer in card-present payment orchestration, to deliver a true omnichannel payment orchestration offering for financial institutions, merchants and ISVs. This partnership unites Paydock’s expertise and agnostic infrastructure in digital payments with Aevi’s advanced in-store payment solutions.

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Stax

NOVEMBER 21, 2024

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. There is no way around it: credit cards are an essential part of the everyday life of your customers and you will only lose customers if you aren’t ready for

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Credit Cards Small Business Process Credit Card Payment Processing 88

Fintech Finance

NOVEMBER 21, 2024

Raimac Financial Technology , a game-changer for companies looking to offer flexible payments, has today announced a strategic partnership with Cashflows , the platform that makes it easy for businesses to accept payments. This partnership positions Cashflows as one of the first companies in the UK to implement Raimac’s advanced programmatic payment technology.

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Fintech News

NOVEMBER 17, 2024

Banks throughout the world have accelerated down the road of technological advancement in the last decade. And for good reason: those who fail to advance, become obsolete. The pressure to stay ahead continues to mount as customers demand more immediate and user-friendly experiences. Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions

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The Payments Association

NOVEMBER 18, 2024

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?

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Finextra

NOVEMBER 22, 2024

To mark International Fraud Awareness Week, Payments System Regulator (PSR) has released research on the impact of Authorised Push Payment (APP) fraud on UK consumers.

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