Why was 2020 such a defining year for the payments industry?

I think we’d all agree 2020 was a year like no other. For every sector, digital transformation was accelerated, in fact, according to McKinsey, COVID-19 sped-up digital transformation plans by seven years. 

Instamojo, a full-stack solutions provider for MSMEs, today announced its first ever acquihire of Bengaluru-based virtual theatre and vernacular content platform, Showman. The acquihire will see the on-boarding of the founding member team of Showman. Kshitij Bhatawdekar, Cofounder & CEO of Showman joins Instamojo as Product Manager, while Rutveez Roopam Rout, Cofounder & COO of Showman joins as User Research Manager. 

Finastra today announced the availability of its Fusion KTP integrated global treasury management solution in the cloud. Existing customers are already in the process of migrating to Finastra’s cloud solution which is hosted on Microsoft Azure. Accessing Fusion KTP in the cloud will give users the opportunity to accelerate innovation and time to market, and the ability to transform their operations at scale.

IHS Markit now offers validated reference data on 2.8 million municipal bonds, delivering high quality terms and conditions from more than 55,000 issuers. This critical dataset includes 280 fields which are sourced from IHS Markit’s comprehensive new issue market data, issuer official statements and strategic data partnerships.

Recent market volatility continues to put pressure on fund managers, who must not only adapt to the post-COVID landscape but also demonstrate investment resilience and deliver returns to clients. 

Brightstar, the global leader of end-to-end device lifecycle management solutions and device protection, today announces significant growth with its specialist device repair business WeFix, claiming that average repair times are just 45 minutes, outperforming other repair services and delighting customers. 

WeFix, the UK’s only mobile repair service accredited by Samsung, has experienced its best performing year, with repair bookings up 75% year on year. This growth is buoyed by increasing customer demand and expanded partnerships with leading brands. 

Signifyd, the market leader in commerce protection, announced the launch today of its AI-powered Return Abuse Prevention solution, a customizable innovation that attacks a $43 billion problem by detecting return abuse and empowering merchants to provide friction-free refunds for valued customers while thwarting those seeking to game the system.

Alibaba Group has once again ranked third in the global Infrastructure as a Service (IaaS) market and first in the Asia Pacific region for the third consecutive year, according to the latest report entitled Market Share: IT Services, Worldwide 2020, from leading global research and advisory firm, Gartner.  

Today, OMNI Conversion Technologies Inc. (OMNI CT) announced the first sale of its unprecedented waste to hydrogen product. The Larsen and Lam Climate Initiative, a foundation backed by philanthropists Chris Larsen and Lyna Lam, has invested $35 million to bring this groundbreaking technology to production in the fight against climate change. The first commercial plant in production from OMNI CT will use unsorted non-recyclable Municipal Solid Waste (MSW), which is currently disposed of in landfills, to produce negative carbon hydrogen in California.