In a significant move for the payments industry, CLOWD9, a leading cloud-native issuer processor, has announced a strategic collaboration with Discover Global Network, a prominent global payments network. This partnership is poised to revolutionize cross-border payments and issuer processing, bringing a new level of sophistication and efficiency to global financial transactions. As fintechs and program managers seek more versatile and
Mirakl and Mangopay have announced a groundbreaking strategic partnership designed to elevate the growth of European marketplaces through the integration of advanced payment solutions. Mirakl, a leader in eCommerce software, will incorporate Mangopay’s sophisticated e-wallet technology into its Mirakl Payout system. This collaboration intends to streamline financial operations by providing automated and transparent solutions for the most complex payment flows,
Visa’s new finance product, the Flexible Credential, offers groundbreaking solutions for payment flexibility and control on a global scale, reshaping how consumers manage and execute their transactions. By partnering with leading fintech companies like Affirm in the U.S. and Liv, a digital bank by Emirates NBD in the UAE, Visa aims to provide consumers unprecedented freedom in payment choices. This
The digital transformation of lending practices is posing a significant challenge for mid-sized banks, encompassing community banks, regional banks, digital-only banks, and credit unions. Traditionally, these financial institutions (FIs) have excelled in establishing strong, personalized relationships with small- to medium-sized businesses (SMBs). Now, as they transition to digital lending, they face numerous hurdles alongside substantial opportunities for enhancing operational efficiency.
In a groundbreaking move set to revolutionize financial transactions across Africa, fintech company Nium has teamed up with Ecobank to introduce real-time payment services. This collaboration will span 35 African markets and aims to elevate Ecobank’s service offerings for its 32 million customers by integrating Nium’s advanced global payments network with Ecobank’s established SWIFT messaging system. By doing so, the
In a move that promises to revolutionize the payment processing landscape for merchants worldwide, Yuno has launched its innovative Smart Routing solution. This cutting-edge payment orchestration system utilizes Yuno’s proprietary data and intelligent algorithms to automatically determine the most efficient payment pathways. By doing so, it minimizes the need for manual management of payment flows, streamlining operations and enhancing overall
In an increasingly interconnected world, the need for seamless and efficient money transfers across borders has become more critical than ever. Thunes and Papara have forged a bilateral partnership aimed at revolutionizing how cross-border money transfers to and from Türkiye are conducted. This collaboration is set to benefit Papara’s vast user base of 21 million, enabling them to send money
In a groundbreaking move set to redefine the landscape of digital payments, USI Money has partnered with Visa to implement Visa Direct, enhancing and expediting digital payment solutions for their customers worldwide. This strategic collaboration seeks to merge USI Money’s advanced technological capabilities with Visa Direct’s state-of-the-art platform, enabling real-time transfers to bank accounts and digital wallets across the globe.
In a significant move towards enhancing the digital gifting experience, Blackhawk Network (BHN) has introduced Visa® eGift and Mastercard® eGift products in collaboration with Visa Inc. and Mastercard. This initiative reflects the growing trend of digital and contactless payments, aiming to cater to the increasing consumer demand for QR-code and tap-to-pay technologies. These eGifts are widely available across more than
The introduction of Smart Routing by Yuno, a leading payment orchestration platform, highlights a transformative step for merchants in managing their payment processes more efficiently. Payments are becoming increasingly complex due to the multitude of available providers, each offering their own benefits and drawbacks. By optimizing payment flows, Smart Routing presents a revolutionary way for merchants to not only enhance
In a pivotal move for the financial technology sector, Thunes, a renowned global money transfer network based in Singapore, has announced a strategic partnership with Papara, Türkiye’s top FinTech firm. This collaboration is set to revolutionize cross-border transfers to and from Türkiye by integrating Thunes’ extensive Direct Global Network with Papara’s services, offering users an innovative and efficient platform to
In an innovative move to digitize and optimize the payment flows in the travel industry, Emirates NBD, one of the largest banking groups in the MENAT region, has teamed up with Mastercard to introduce the Emirates NBD Wholesale Travel Solution. This partnership aims to address the increasing necessity for digitalization in B2B payments, particularly for travel agencies managing payments between
