Koto’s Post

BIGO partners with Checkout.com and Visa to transform cross-border payouts for content creators in the UK, Italy, Germany, Switzerland, and Austria. BIGO, a global technology leader known for its innovative RTC (Real Time Communications) based products, announces its partnership with Checkout.com and Visa to transform cross-border payouts for content creators in the United Kingdom, Italy, Germany, Switzerland and Austria. BIGO TECHNOLOGY PTE. LTD. has emerged as one of the fastest-growing technology companies globally with its AI-powered live streaming platforms Bigo Live. Its strategic partnership with Checkout.com and Visa Direct will facilitate a secure and simple commission structure, enhancing its proposition to global content creators. With access to the scale and reach of the global Visa network, BIGO will be able to send funds to over 3bn card destinations globally. For BIGO’s content creators, this deal brings a seamless user experience and gives them ultimate flexibility, allowing earnings to be sent faster to their bank accounts – 24/7, 365 days a year. This gives content creators full control over the management of earnt funds and empowers them to manage their money better. ‣ Source: https://lnkd.in/g4jMEJqY ‣ Join 50k other FinTech Fanatics and sign up for my daily FinTech Newsletter here: https://lnkd.in/eVNvGnDW #fintech #partnership #payments #crossborder #finance #fintechindustry #fintechinnovation #financialtechnology #financialservices #fintechnews

Introducing an Exciting New Feature at Shoptreo! 😌😌 👍At Shoptreo, we're constantly innovating to make your business experience smoother and more efficient. We're thrilled to announce that the Shoptreo Wholesale App now allows B2B fashion distributors to request inventory financing directly through the app! 👍Imagine the convenience of securing the funds you need to expand your inventory without ever leaving your store. With just a few taps on your phone, you can apply for credit and take your business to the next level. However, to ensure that we continue providing reliable and secure financial services, 20% of our inventory financing will still be conducted offline. This offline process includes thorough due diligence, such as site visits to evaluate business viability, credit history, and repayment capacity, ensuring that only the most trustworthy and capable businesses receive our support. 👍B2B fashion merchants in Onitsha and Ibadan can now download the Shoptreo App and apply for credit through the finance section. After filling out the necessary information and submitting the application, a Shoptreo agent will contact you. Upon approval, funds will be transferred to your finance dashboard account, ready for purchasing goods within the app. These funds can be accessed and used in the checkout section of the app by selecting the finance wallet for purchases. Please note that funds are strictly for business use and cannot be withdrawn for personal expenses. 👍This new feature is designed to help you grow your business with ease, offering the financial support you need when you need it most. Ready to take your business to the next level? Download the Shoptreo Business App today! [Download Link](https://lnkd.in/gdV2D8JB) A full demonstration on how it works and how we integrated AI for smooth KYC uploads will be updated soon. *T&Cs apply for market region and customer purchases.* #Shoptreo #B2B #FashionDistributors #InventoryFinancing #BusinessGrowth #Innovation #Onitsha #Ibadan #BusinessSupport #Finance #WholesaleApp

𝐀𝐑 𝐞𝐧𝐡𝐚𝐧𝐜𝐞𝐬 𝐁𝐮𝐲 𝐍𝐨𝐰, 𝐏𝐚𝐲 𝐋𝐚𝐭𝐞𝐫   Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date, often interest-free, according to a definition by Investopedia.   Customers find the BNPL concept as a convenient way of spreading out the cost of their shopping. According to Affirm, more than one in two (56%) U.S. consumers are interested in using a pay-over-time solution in 2022. But here’s where it gets interesting: Nearly half (49%) of consumers won’t complete a purchase if a retailer does not offer a pay-over-time option at checkout. Using AR for product experience ends up in higher conversion. With a BNPL strategy, the likelihood of buying simply goes high. 🔔 Ring the bell on my Profile 👉 Follow Swapratim Roy for AR insights 🤝 Connect with me #augmentedreality #ar #3d #ecommerce #furniture #virtual #tryon

Viva.com x Satispay 🇪🇺 In an era where the digital economy continues to develop at pace, this partnership will further enhance the payment experience for merchants and consumers in Europe

Satispay was founded in 2013 to simplify people's lives through payments. From that, we built a network that empowered our community to pay in a new and innovative way. Now, 11 years later, we continue to be inspired by our community. Behind every payment there is a story between two people. Our goal is to make the payment so seamless that the only important things that will remain are those people and their story. We want our brand to embody this purpose. Today, we are excited to introduce you to the new Satispay. Made with more colors, brightness, and enthusiasm because this is the world we are working towards. Infused with boldness and courage, which embody our daring spirit. And embracing humanity, which can be found everywhere: in our stories, our faces and our voices. A brand evolution that embodies what Satispay is and has always been about: People Paying People.

Eleven years ago, Alberto and I decided to embark on this adventure called Satispay. There was just one certainty: the desire to remove the friction around payments and make it seamless, around the people and for the people. True to that mindset, we realized some time ago that Satispay was transitioning into a larger and more mature stage, yet our brand identity was still the same. So we worked to determine how the Satispay brand would change to meet this new growth phase.  Today, we are introducing you to the new Satispay. And, while some things may appear to be different, our ultimate purpose is the same - make it simply about People Paying People.

“It’s all about localisation”. A snippet from our European Managing Director, Nikhita Hyett, during her panel discussion this morning with Michaela Weber at BigCommerce, Tim Mawson at Salesfire and Dan Forrest at TikTok about how beauty brands can increase conversions through next-gen technology. Touching on intelligent payment routing, authorisation rates and tokenisation, Nikhita championed the importance of localisation in creating a frictionless checkout experience that sells. #ecommerce #localisation #globalpayments #payments #beauty

The recent news about Shopback stepping away from the BNPL format in Singapore and Malaysia, following Pace's downturn, didn't come as a shock. This seems to be a growing trend in the industry, and I wouldn't be surprised to see more players reconsidering their BNPL strategies. While BNPL offers tangible benefits to businesses, including higher conversion rates, valuable customer data, increased average basket sizes, and the fact that financial risk largely falls on the institution rather than the merchant, there are significant challenges. A glance at the US Consumer Financial Protection Bureau's statistics reveals two concerning trends: 1) BNPL users often include younger, lower-income, and less-educated individuals. 2) Many of these users have existing debts and lower savings, making them risky profiles for financial institutions. The high operational costs and credit losses associated with these user profiles add to the strain. Moreover, the saturated market forces BNPL service providers into stiff competition, often leading to merchants choosing the most favorable deal. I believe that Shopback's retreat from BNPL is not just an economic downturn effect but a natural market consolidation and price war typical in maturing markets. We're likely to see more BNPL providers merge, downsize, or exit as the market evolves. https://lnkd.in/gjvgP6ym #BNPL #FinancialTrends #MarketDynamics #EconomicLandscape #Fintech

ShopBack, the loyalty platform, is pulling the plug on its "buy now, pay later" (BNPL) service, PayLater, sending shockwaves through the fintech landscape. The company, known for its cashback prowess, conveyed the news to Singapore customers via email, announcing the discontinuation effective March 22 for both online and physical transactions. This move follows the introduction of PayLater post the acquisition of BNPL player hoolah in November 2021, with the service hitting the markets in July 2022 in Singapore and Malaysia. When questioned by The Business Times, ShopBack revealed that the PayLater curtain call extends to Malaysia as well, aligning with the company's periodic review of business units. The official line is all about strategic focus, with ShopBack emphasizing a commitment to sustainable business models poised for robust growth. It's a strategic maneuver amidst a trend in the BNPL space, with players like Pace Enterprise closing shop, signaling a reevaluation of the viability of certain models. As a ShopBack enthusiast, this unexpected twist leaves me contemplating the evolving nature of the BNPL landscape. Is this a strategic retreat to assess and recalibrate, or does it foreshadow broader challenges within the industry? It's a reminder that even in the world of fintech superheroes, plot twists are inevitable, and I'm left intrigued about what ShopBack has up its sleeve for the next chapter in its financial adventure. #fintech #singapore #business #finance #technology #bnpl https://lnkd.in/gbaHKkey

What payment methods are most popular among #Thai consumers when they shop online – across genders and geographical regions – and how common is usage of digital wallets offered by fintech companies like Ascend Money's TrueMoney, RABBIT-LINE PAY COMPANY LIMITED, Shopee's ShopeePay, Lazada, PayPal and YouTrip?   Here’s what the latest research from YouGov 𝗦𝘂𝗿𝘃𝗲𝘆𝘀 reveals: https://lnkd.in/gXnAw2B7 Siriporn Kittichutchawarl Sataporn (Bon) Lertkamala Kittichot Thipphayanon Vannaporn Rijiravanich Vorapitcha Pattanapibul Parepun Piboon Pinnuch Sattayapan   #digitalwallet #mobilewallet #ecommerce #mcommerce #onlineshopping #mobileshopping #ecommerceapp #shoppingapp #datainsights #consumerintelligence #marketresearch