payabl. Appoints Theodoros Hadjistyllis to Cyprus Country Manager
payabl. appoints Cyprus Country Manager in line with company growth and portfolio diversification aspirations.
payabl. appoints Cyprus Country Manager in line with company growth and portfolio diversification aspirations.
The payments sector has innovated and developed rapidly over the past few years, mostly to make existing processes as efficient and streamlined as possible. In the years leading up to the pandemic, the fintech boom saw the birth and development of many new digital technologies that sought to attract and gain customers – including the inception of By Now Pay Later (BNPL) models, advancements in cybersecurity, contactless payments, cross-border transactions, and more.
London, New York, and Silicon Valley are known as the top three biggest fintech hubs, globally. With the number of private high-growth UK fintech’s based in London alone continuing to steadily increase from 847 in July 2021, it’s easy to understand why the West is viewed as more technologically forward. For many years it has comfortably led the race when it comes to reaching peak financial technological advancements.
The relationship between the travel sector and the payments industry has always been complex, never more so than during the pandemic. As a sector with an acute delayed delivery, it is unsurprising we encounter the challenge of managing that partnership.
• Customers will benefit from an enhanced card acquiring service at launch, and an alternative payment method (APM) aggregation service throughout Europe later this year.
• For customers, this means getting all services related to acquiring – from accepting card payments or APMs to receiving money from a single source, as well as access to 100+ payment methods, including mobile and patented phone-based payment solutions.
• As a result, administrative efforts will be reduced to a minimum, and customers will benefit from greater flexibility and less friction in the payment process.
• The new joint solution will give customers access to acquiring service for greater flexibility and less friction in the payment process.
Building on the success of its first sustainable stand in 2021, a recycled and recyclable stand has been designed for the Banking Circle ecosystem at Money20/20 Europe. Featuring every part of the ecosystem – Banking Circle S.A., YouLend, Biller, SEPAexpress and B4B Payments, every element of the stand, except the lighting feature, has been created using recycled materials.
See how banks are collaborating and using Fintech partnerships to innovate and build new digital capabilities to ensure a great customer experience.
SCA, or Strong Customer Authentication, is not a topic exclusive to the EU (or the PSD2, for that matter). Today, we can see it popping up in financial conversations across the globe. And even though global SCA regulations all share the same stigma of ‘expensive’ and ‘inconvenient’, the need to implement SCA and increase the security level of our authentication systems is as relevant and urgent as ever before. Read on to see what is brewing in the world of payment authentication across the US, Asia, Europe and the Nordics.
Enfuce has created a new platform for existing and prospective customers to manage back-office operations and test new ideas for their card base. As a part of Enfuce’s turnkey solution Card as a Service, MyEnfuce makes it easy for Enfuce customers to start their card product and create value quickly.
Last week during Money 20/20, we released our new report “Seeking out the alternatives: how consumers are engaging with the lending 3.0 landscape”, which details European consumer attitudes to and experiences of lending. We surveyed 2,000 European consumers, conducted in partnership with Propeller Insights, to learn about consumer preferences when it comes to lending.
Our report found that consumers are frustrated with the lending industry with 70% of consumers surveyed saying that the experience of getting a loan is a decade behind online banking. They also noted that they want more clarity from lenders, with 75% of respondents saying they “switch off” when prospective lenders use industry jargon and 80% believing that lenders try to obscure the final cost of a loan.
Orenda Finance is always looking for ways to improve customer experience, which is why they’re thrilled to announce that they are continuing to expand Orenda’s thriving marketplace with yet another exciting partnership. Already trusted by over 1000 clients, Sumsub has partnered with Orenda as a KYC/KYB vendor to support the quick and seamless onboarding of end customers onto Orenda client’s programs and platforms.
UK businesses see potential in Travel and Hospitality industry to offer better and more advanced payment systems
ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech ecosystem for business growth, has appointed Francisco Mainez as its Head of Financial Crimes and Payments Digital Transformation.
More than half of UK businesses (54%) have expressed concerns about payment sanctions following international unrest, according to market research by international payment service provider and direct bank card acquirer ECOMMPAY. The data reveals that 18% of UK business leaders are extremely concerned about ongoing payment sanctions due to international unrest.
• Cameron Cox has been appointed Chief Transformation Officer at Global Processing Services(GPS), the issuer processor behind Revolut, Starling and Curve.
• He was Head of Technology Transformation & Global Chief of Staff at Worldpay and will spearhead global strategic transformation at GPS, taking them through the next phase of accelerated growth.
Fintech and trusted payment service provider Paynetics is hosting its fourth roundtable on the future of fintech, held virtually via Zoom on Thursday, 7th July 2022, from 12:00 to 1:30pm BST. Sign up on their website.
PPS has signed up to the Banking Framework offered by the Post Office Ltd that allows customers to deposit instantly using their existing Chip&PIN card.
Individuals and small businesses using PPS services can now deposit cash instantly to their accounts at 11,500 post offices across the United Kingdom.
Payment experiences have changed significantly over the last decade as more consumers and merchants expect payments to be made in real time and in their currency of choice.
• Cameron Cox has been appointed Chief Transformation Officer at Global Processing Services(GPS), the issuer processor behind Revolut, Starling and Curve.
• He was Head of Technology Transformation & Global Chief of Staff at Worldpay and will spearhead global strategic transformation at GPS, taking them through the next phase of accelerated growth.
The New Payments Architecture (NPA) is getting closer. Originally imagined by the Payments Strategy Forum in 2017, this new payments system, based on ISO20022, will replace the existing BACS and
Okay loves to talk about the future of payment security. So why not take a look at how the digital payment and security landscapes of the future are intricately connected, and at how authentication solution providers are indeed a central piece of that puzzle?
Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking. Collectively, the three companies will offer an end-to-end set of tools and capabilities enabling rapid implementations – according to market readiness and compliance requirements.
May 30, 2022. 2021 has seen a strong rebound post-pandemic in online shopping as the global e-commerce market amounted to 13 Trillion dollars in value that year. Emerging markets such as India, parts of Africa, The Balkans and the Baltics, have gradually become a stronghold for eCommerce businesses. The online sales increase from emerging marketplaces is expected to contribute to 20% of all retail sales in 2022. Local payment methods(LPMs) played a crucial role in supporting the growth of this economic activity by setting a native and stable payment infrastructure to support the demand for online shopping both locally and cross-border.
DECTA, a global payment processing company, announces a new partnership with Zimpler, a Swedish instant payment provider, to enable seamless account-to-account payments and payouts for European businesses.
Thames Technology is thrilled to announce that its Fusion Card will become the first metal card with a dual interface to be manufactured in Europe. Thames Technology, based in the UK, outside of London, has achieved this momentous break-through utilising Amatech IP, the de facto standard technology to dual interface metal cards globally.
Unless you’ve been living off the grid for the last 20 years, you’re well aware that the payment world is growing increasingly digital. So, it’d be logical to assume state-of-the-art technology is the predominant differentiator for payment companies — having the best tech should be the biggest competitive advantage, which implies businesses should heavily invest in R&D.
However, based on consumer reviews, that’s not necessarily the case. Tech matters, but it’s not the biggest factor in the eyes of the consumer.
As emerging technology continues to transform the way businesses and consumers spend their money and manage their finances, the future of banking looks to be bright, innovative and accessible. This article explores how new core banking platforms are innovating the sector.
PPS has made banking more efficient for Post Office customers by deploying a real time solution that allows card holders banking with the Post Office to make instant deposits.
Leading international fintech PR firm SkyParlour has today announced the appointment of Matt Pears to its board as Executive Director and Head of SkyParlour Scale.
This follows significant growth for the firm, which has increased its team by 50% and its revenue by 100% on pre-Covid figures.
Global Processing Services (GPS), a leading global payment technology platform that powers Starling, Revolut and Curve, has today announced the appointment of Jill Docherty as Director, Global Partnerships.
Based in London, Jill sits on GPS’ global executive committee and is responsible for identifying, leading and managing all GPS ecosystem partners, facilitating collaboration to drive innovation and growth for GPS and its customers.
Jill spent fifteen years at Mastercard and Visa where she held a number of senior roles across Business Development, Customer Success, Product and Marketing. Jill also has extensive international experience having lived and worked across three continents, Africa, Asia-Pacific, and Europe.
USDC and USDT are currently the world’s leading stablecoins, with a combined share of more than 80% of the stablecoin market. Both are pegged to $1, but they differ in terms of how they are backed and audited. So which one is better for cross-border settlements?
This article dives into the history of social media marketing and its ever-changing landscape.
Banking Circle, the Payments Bank for the new economy is reporting a significant uplift in its performance in 2021 as it continues to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more efficiently both locally and internationally.
This latest funding round and support from General Atlantic is designed to accelerate Modulr’s vision to become a payments infrastructure leader across the UK and Europe and enable any software platform to embed payment capability using Modulr’s modern FinOps hub.
Salt Edge has successfully passed the international ISO/IEC 27001:2013 information security surveillance audit, confirming once again the high level of reliability in protecting data from any threats.
Open banking is a global phenomenon created to boost innovation, competition, and efficiency by combining the strong points of both fintechs and banks. Here at Salt Edge, we’ve analysed thousands of demo requests and the actual experience of our clients to qualify the most spread and with the highest-potential open banking-powered use cases. Having discovered insightful findings, we are excited to share them with you in our latest report: Top 5 use cases for B2B companies powered by open banking.
The technology partnership between DECTA and Entrust provides a solution, offering a timely and cost-effective way for banks, credit unions and fintechs to provide cardholders a comprehensive digital card experience from a single technology source.
Often during an acute crisis, people need help urgently. Many financial organisations struggle to launch secure and easily distributed payment methods fast enough. Cash isn’t accepted everywhere, it can be expensive to handle, it can create additional paperwork, and there can be a risk of the money getting into the wrong hands.
Enfuce’s First Aid Card helps NGOs and other aid organisations in their day-to-day work to support people in need of urgent financial help. It’s fast and safe, and helps to maximise the impact of the aid by giving the organisation full control of how the money can be spent, and by whom. Enfuce takes care of everything else. Enfuce First Aid Card is powered by Visa.
Swipen’s managing director, Fraser Mitchell, has been nominated for The Influencer of the Year at the #MPEAwards. Influencer of The Year is voted for each year by our fellow payments industry professionals. Please add your vote for Fraser here:
https://www.merchantpaymentsecosystem.com/awards#online-voting
BCB Group, the leading provider of business accounts and trading services for the digital asset economy, is pleased to announce the appointment of Natasha Powell as Chief Compliance Officer.
There are approximately 300 million digital buyers in LATAM (with this figure forecast to grow 25% by 2025). Transact365 evaluate how to tackle fraud in the region.
The Swipen team made their way to London on 5th May for The Card & Payments Awards. We attended the event as a Category Finalist for the Best Payments Industry Newcomer award. The Card & Payments Awards recognise success and innovation within the payments industry from a diverse range of corporations. Winners are chosen by an experienced and completely independent panel of industry experts.
Orenda Finance announced today it has been selected to use Stripe’s new Beta APIs for Financial Accounts, allowing for a flexible payments system on a reputable platform. This will allow clients to reach further afield across borders in various industries, giving them the environment to easily expand their business reach by doing financial transactions between countries seamlessly.
Noda was launched in a private beta mode in Summer 2021. Company’s core area is Open Banking solutions for online services. Noda focuses on direct communication with online merchants, and instantly searches for new ways to apply Open Banking technologies in different fields to help e-commerce businesses grow and evolve. During the first year, we grew the team from 5 to 20 people, contracted with the first few merchants and polished the technologies and processes. As we see the increasing demand and specter of possible Open Banking applicability, we keep growing the muscles on product and sales expertise, with a high attention to both merchants and end-users online experience. For the moment, we quite fully covered our UK and European connections. So we are currently active in two areas:
Expanding the geography of connections – this year we plan to connect to the banks in Canada, Australia, and ASEAN countries. Next year, as soon as local banks are ready – USA, Latin America, Africa
Optimization of “Sign in via Bank” functionality – we are actively exploring technological and legal opportunities to increase the value of the service for merchants by providing them with the functions of benchmarking potential customers based on financial information. This will allow us to offer the most relevant products and services in the future, and optimize the Customer Experience for end-users.
Bahrain Telecommunication Company – Batelco – has an impressive track-record of transforming its international money transfer services. In order to help Batelco integrate with Mastercard’s Transfast, Fable Fintech’s Growth Suite provides innovative technology and infrastructure support alongside Finleap. Fable’s Growth Suite offers its customers the unique opportunity to provide their own, white-labelled, cross-border payments system which incorporates a variety of methods. As a global banking infrastructure Company, Fable Fintech is ready to exceed that which banks can offer in ensuring the seamless movement of global payments. Batelco required speed, security, compliance, digital readiness and control; this is the story of the way in which Fable Fintech’s Growth Suite was able to meet those challenges.
Uncovering the key questions and decisions that make a Payments-as-a-Service platform an increasingly viable option for banks looking to future proof their payments capabilities.
Payments are evolving significantly – and while there are many areas of development, one of the most significant is that of instant payments. But what’s driving the adoption of instant payments, and how is this area progressing in Europe and beyond?
A recent study found that SMEs across the UK currently owed a staggering £61bn in late payments. Take a look at our guide with how to manage late payments.
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