Connecting the dots in payments...

Digitalization Trends in the Cross-Border Checkout Revolution Here are Four Key Trends: 🔹 Trend 1️⃣: The digital payment evolution: the rise of the cashless economy 🔹 Trend 2️⃣: Private and public sector collaboration is key to greater payment interoperability 🔹 Trend 3️⃣: Digital wallets go beyond payments and enable omnichannel commerce 🔹 Trend 4️⃣: Fintech eyes inclusive and sustainable growth Read the complete #fintechreport by @Deloite below for a deep dive/more info 👇

Yuno has launched Monitors, an innovative tool that detects and resolves payment anomalies in real-time. This feature is designed to ensure seamless transaction flows, protecting businesses from costly disruptions. With custom alerts based on transaction acceptance rates, companies can tackle payment issues before they impact revenue. The feature has been rolled out via the Yuno platform, with merchants reporting benefits. Source: https://lnkd.in/eHKmQTZZ Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymentservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

The Edgar, Dunn & Company and Ingenico #fintechreport on "𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗔𝗰𝗰𝗲𝗽𝘁𝗮𝗻𝗰𝗲" provides valuable insights into the evolving landscape of the retail and payments industries: #fintech #payments #paytech Get the most important Payments news and analysis in a 5 minute daily briefing you’ll actually look forward to reading: https://lnkd.in/dVachRCE

In a significant development for decentralized finance, Wirex Pay, incubated by the pioneering digital payments platform Wirex, has unveiled its state-of-the-art Wirex Pay Node Rewards Center. This innovative platform is set to revolutionize how Wirex Pay Node License holders manage and earn rewards. Wirex Pay Innovates DeFi Space with Launch of Node Rewards in WPAY. The introduction of the Wirex Pay Node Rewards Center marks a major leap forward in simplifying the earning process within the decentralized finance ecosystem. The center provides a consolidated, user-friendly platform for node delegation, earnings tracking, and rewards management, making it a game-changer for both seasoned and novice participants in the blockchain space. Features Designed for Enhanced User Experience. The new Rewards Center offers several standout features designed to enhance the user experience significantly: Rewards Dashboard: A comprehensive hub for real-time management of delegated nodes and earnings. Node License Management: A seamless interface allows easy handling of node licenses, simplifying the delegation process. Source: https://lnkd.in/d_rBcuiF Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Available across Europe, the collaborative effort combines OPP's payment technology with Worldline's acquiring, acceptance expertise and POS capabilities. The combination will provider platforms and marketplaces with a suite of turnkey features that helps their users sign-up, sell, and get paid fast, but also manage this across multiple currencies. Supporting all relevant payment methods, the initial deployment provdes support for split payments, advanced escrow, and mediation handling in a fully regulated manner. With European markets on the launch pad, the platform will gradually be expanded into the UK and Switzerland, bolstered by the recent acquisition of an EMI license for the UK. Future developments on the roadmap include advancements such as Tap on Mobile and Point of Sale integrations. The shift into embedded payments comes as Worldline seeks new revenue opportunities to compensate for a depressed outlook for its core merchant payments business. The company in February reported a "net loss group share" of €817 million for 2023, compared with a €211 million profit a year earlier. Source: https://lnkd.in/eVMZhiAu Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Paul Marriott-Clarke succeeds Marc-Henri Desportes, who has led the division since February 2024 alongside his other roles. With over 25 years of experience in the banking and payments industry, Paul brings a wealth of expertise and a proven track record of success. Prior to joining Worldline, Paul served as Head of Customer; Digital at Barclays UK, where he drove the bank’s digital transformation, shifting the organisation towards an agile and customer-centric model. Before joining Barclays, Paul was the CEO of PayPal Europe prior to which he held the position of Chief Commercial Officer for Europe, the Middle East, and Africa, driving PayPal’s commercial outcomes and strategic initiatives across these regions. Marc-Henri Desportes, Worldline CEO, said: “Worldline is dedicated to powering the growth of millions of businesses globally, from small enterprises to large retailers. Our Merchant Services division is a cornerstone of our story, and we are thrilled to welcome Paul to lead this crucial part of our organization. I am confident that Paul’s extensive experience in digital transformation of the financial services industry and in online payments in particular will be instrumental in driving our focus on becoming a customer-driven company.” Paul began his career in financial services at McKinsey; Company in London, UK, and Sydney, Australia, and has held various leadership roles, including as one of the founding executives who established Metro Bank, Britain’s first new high street bank in over a century, and senior positions at Halifax Bank of Scotland. He holds a Bachelor of Engineering (Hons) in Civil and Structural Engineering from the University of Manchester Institute of Science and Technology, UK. Paul Marriott-Clarke will be based at Worldline Headquarters in Paris La Défense, France. As a member of the Group’s Executive Committee, he will report directly to the CEO. Source: https://lnkd.in/etPK5UFh Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Italy's BancoBPM, opens new tab has finalised a partnership with Gruppo BCC Iccrea and domestic private equity fund FSI to create Numia, Italy's second largest player in the e-payments business, the three companies said in a joint press release on Tuesday. The partnership, which was announced in July and will have a domestic market share of more than 10%, has now obtained the legal and regulatory approvals needed for the closing, the statement said. Banco BPM, Italy's third largest bank, and Iccrea will each have a 28.6% stake in Numia group - which controls Numia - while FSI will hold around 43%. "The partnership is an additional and essential channel for us to develop and diversify our revenue sources," Banco BPM CEO Giuseppe Castagna said. In return for its asset contribution to the project, Banco BPM will receive 500 million euros ($556 million) with an upfront cash component of more than 200 million, plus potential additional deferred price components of up to 80 million. Source: https://lnkd.in/ep5R9av2 Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #partner #partnership #paymentindustry #fintech #financialtechnology #financialservices

Trinidad and Tobago to roll out India's UPI payments tech. The Ministry of Digital Transformation of Trinidad and Tobago has signed a deal to deploy a real-time platform for both person-to-person and person-to-merchant transactions, expanding digital payments in the country and fostering financial inclusion. Launched in 2016, the UPI has been central to India's efforts to use digital payments to boost financial inclusion and has now handled well over 100 billion transactions. The NPCI International Payments Limited (NIPL) subsidiary was set up in 2020 to push the UPI, as well as the RuPay card network, outside of India. Already this year, the unit has struck deals with Peru, Namibia and Nepal's largest payment network, and it has also joined forces with Google Pay to accelerate global expansion. A ministry spokesperson says: "Fashioned on India’s UPI, the digital payment platform will facilitate innovation in the fintech sector, enhance the technical resiliency of the current payment infrastructure by providing a complementary, non-competing digital payments platform with increased security through the reduced use of cash. Moreover, successful implementation will contribute to the financial inclusion of our unbanked citizens." Source: https://lnkd.in/eeQJbZMc Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Stripe, a financial infrastructure platform for businesses, opened its new flagship office in Toronto. The expansion reflects Toronto’s growth as the fourth-largest market for tech talent in North America and reinforces Stripe’s commitment to Canada. Stripe serves fast-growing Canadian startups and platforms such as Workleap and Thinkific, along with many of the country’s largest enterprises such as Shopify, Enercare, FreshBooks, and SkipTheDishes. Between 2021 and 2023, payment volume on Stripe from Canadian companies grew more than 50%. The growth comes from thousands of Canadian businesses joining Stripe each day, along with long-standing users partnering with Stripe to launch new business models and expand their revenue streams. Shopify, a global ecommerce company supporting millions of businesses, uses Stripe to enable Shopify Payments and Shopify Balance as well as in-person payments. Source: https://lnkd.in/e9ZSTv7J Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Kriya becomes Stripe B2B pay later option in UK. Starting this month, Stripe users can offer flexible payment terms to their business buyers through Kriya. B2B commerce is digitising rapidly, and business buyers now expect to purchase with the ease and sophistication commonplace in consumer shopping. B2B PayLater payment methods (also known as B2B Buy Now, Pay Later), such as Kriya, are swiftly gaining adoption by combining flexible payment terms with modern eCommerce shopping. Kriya’s new integration brings these capabilities to B2B merchants using Stripe in the UK for the first time. Businesses on Stripe can use Kriya to grow the volume and frequency of sales, and get paid upfront once goods have been delivered. By selecting Kriya at checkout, buyers can defer payment by 30 days, helping them manage their cash flow and incentivising them to spend more. Kriya makes this possible by onboarding buyers in real-time, providing them with an instant spending limit, and protecting the seller from credit and fraud risk. Source: https://lnkd.in/gSTpcx8t Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices