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Juniper Research Forecasts Instant Payments Transaction Values to Reach $18 Trillion by 2025, as Europe Leads Innovation
A new study from Juniper Research has found that the value of instant payments, where transactions are completed within ten seconds, will reach $18 trillion in 2025, up from $3 trillion in 2020; a growth of over 500%.
PPRO Expands Global Offering With Top Indonesian Payment Methods DOKU and OVO
PPRO, the world’s leading local payments platform-as-a-service, has today announced its entrance into the Indonesian market. The new integration of popular Indonesian payment methods DOKU and OVO unlocks the simplest, most efficient access to Southeast Asia’s largest e-commerce market.
EBANX and Visa Expand Strategic Partnership in Brazil
EBANX and Visa announce the extension of a strategic partnership, sealed by the Participation Agreement in the Money Transfer Merchant Program of Visa. Signed with Visa do Brasil, it strengthens the relationship between the two companies and focuses on offering payment services to international websites that sell to Brazil using EBANX solutions, and also to Brazilian consumers who buy from these websites.
Computop and Raiffeisen Bank International to Support Omnichannel Payments in Eastern Europe
Computop, a leading global payment processor, and Raiffeisen Bank International (RBI), which specialises in cashless payments in Central and Eastern Europe, have announced that their cooperation is to be enhanced further to propagate the expansion of omnichannel payments. This will enable merchants connected to the Computop Paygate payment platform to gain access to local acquiring connections in thirteen CEE countries and in Austria.
Mobey Forum Launches Payments Expert Group
Mobey Forum, the global industry association empowering banks and financial institutions (FIs) to shape the future of digital financial services, announces the launch of the Payments Expert Group.
P20 Joins Forces With UK National Cyber Security Centre, New York City Office of Financial Empowerment, Federal Reserve Bank of Atlanta and More to Address Urgent Need for Secure Payments
● The fourth P20 Global Payments Conference will take place on September 29 and 30 and will address the critical issue of ‘How to deliver secure payments for all’. ● Welcome addresses will be delivered by US Secretary of the Treasury, Steven Mnuchin, UK Chancellor of the Exchequer, Rishi Sunak, and Canadian Minister of Small Business, Export Promotion and International Trade, Mary Ng. ● Other speakers include top government... more
Paymentology Partners with Sokin to Expand its Cloud-Based Payment Solutions
Cloud-native payment processor Paymentology has partnered with Sokin, the new generation payments firm, to enhance and extend the services offered by the Sokin-card to its client base. Sokin, a leading financial services provider, enables consumers and businesses to make fast, low cost unlimited global payments and transfers for one low monthly fee, using both wallet and card-based solutions.
Paysend Grows by 80%, Accelerating the Switch to E-money
UK-based global FinTech business Paysend today announced record growth figures after it was revealed last week that the Royal Mint will be discontinuing certain lines of coin production for 10 years. As a result of the coronavirus pandemic, coins have seen a steady decline in usage, resulting in the decision to stop producing £2 and 2p coins for the next ten years.
World’s Largest Crypto Payments Processor, CoinPayments, Adopts Sumsub’s KYC Solution
- 23.09.2020 09:48 am
- 63
- Cryptocurrencies, Compliance, AML and KYC
The world’s largest cryptocurrency payments processor, CoinPayments, announces its collaboration with Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit for KYC/KYB/AML needs. This partnership will simplify onboarding for CoinPayments users, while optimizing conversion rates, reducing costs by 30% and reducing time spent on routine tasks by 50%.
Finzly Wins “Best Enterprise Payments Solution” and “Best of Show” at FinovateFall 2020
Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, has been awarded “Best Enterprise Payments Solution” for Payment Galaxy (Finzly’s Payment Hub) at the 2020 Finovate Awards.
Universal Digital Lending Platform by Nets and OpenWay Recognized as “Best Consumer Payments Initiative”
Nets, one of Europe’s leading processors, and OpenWay, a top-ranked digital payments software provider, have won the “Best Consumer Payments Initiative” award from Paytech for their Universal Digital Lending Platform (UDLP). The Universal Digital Lending Platform by Nets and OpenWay is an end-to-end solution for all kinds of financial institutions – from banks and retailers to e-money institutions and startups – looking to provide consumers with... more
The USA to simplify the procedure for issuing licenses to cryptocurrency and fintech companies
- 22.09.2020 02:48 pm
- 44
- Bitcoins, Cryptocurrencies, Compliance
The Conference of State Banking Regulators (CSBS) on Tuesday announced a new regulatory regime for monetary services companies that would allow businesses to pass a one-time compliance test, rather than seeking a state-by-state license as it currently does.
Finastra to Drive Financial Inclusion Worldwide
- 22.09.2020 12:53 pm
- 32
- Open Banking, Payments, Cloud
Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy. Through technology and collaboration, Finastra and its customers are set to positively impact over nine million lives around the world, with key areas of focus... more
EBANX Integrates PayPal and Expands Offer of Payments With Digital Wallets in Brazil
- 22.09.2020 12:41 pm
- 29
- e-Payments
Payments company EBANX now offers more payment possibilities in Brazil for purchases of global products and services. PayPal users in the country will be able to use the digital wallet to buy on international websites that integrate with EBANX's solution. With the movement, thousands of Brazilian consumers will have another way to access global products, as well as consumers who pay with their e-wallets as a matter of preference.
Anglian Water Launches its Digital Transformation with Bottomline
Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced Anglian Water’s selection of the Bottomline Payments and Cash Management solution to automate and streamline processes around the globe.
