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IFX Payments Announces Record Financial Year With 59% Leap in Profits and Revenue up a Quarter as Demand Grows for International Payment Solutions

Fintech Finance

IFX Payments’ performance comes against a backdrop of a large growth in international payments and a surge in demand for solutions to manage them, such as its flagship ibanq platform. This record financial year is a testament to the hard work and dedication of the IFX Payments team.

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Elavon and BMO Partner to Bring Innovative Payment Solutions Platform to BMO’s U.S. Clients

Fintech Finance

One of the world’s largest payment processors, Elavon and BMO , the eighth-largest bank in North America by assets, have announced a partnership, to provide a comprehensive and innovative payment solutions platform to the bank’s clients in the United States. For more about merchant services through BMO, please visit here.

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Payment Fears Putting Businesses Off Overseas Growth

Fintech Finance

Concerns over international payments are putting many UK businesses off using overseas suppliers or selling to other markets, according to a new HSBC UK survey. The survey of more than 1,000 financial decision-makers reveals 43% are discouraged from doing business internationally because of uncertainty over hidden payment costs.

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Planet Payment and South Africa’s Xpressa Enable Multi-Currency Sales

Payments Source

International payment services provider Planet Payment and South Africa’s Absa Bank are expanding availability of Planet Payment’s Multi-Currency Pricing Solution through a new partnership with Xpressa, a Johannesburg-based company offering online and point of sale payment solutions.

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Multifi contracts with Currencycloud to for expanded SME payment service

Finextra

multifi, the UK-based cashflow management platform, has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to provide UK-based small and medium-sized businesses (SMBs) with an enhanced international payment solution, allowing them to seamlessly convert and send funds to their global suppliers worldwide in more (..)

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The Long Term Impact of COVID on the Payments Market

Clearly Payments

Recurring Payment Solutions : Payment processors have had to adapt by offering solutions that support automated billing, recurring payments, and subscription management. Cross-Border E-commerce Growth : Cross-border e-commerce grew by 21% in 2020, according to a report by the International Post Corporation (IPC).

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multifi partners with Currencycloud to offer an expanded payment service to fuel UK SMBs’ global growth

Fintech Finance

The partnership with Currencycloud enables multifi to enhance its service by providing its SMB clients with an efficient international foreign exchange payment solution where they can payout locally to more than 180 countries.