Lopay, a leading player in the financial technology (FinTech) industry, has recently announced that it has successfully secured £6 million in funding. With this substantial investment, Lopay aims to revolutionize the instant payments market and provide much-needed support to small and medium enterprises (SMEs). By facilitating instant card payments at significantly lower costs than traditional corporate payment providers, Lopay plans
In recent years, the average credit card balance in the UK has been steadily increasing, and this trend continued in July (£1,710) and August (£1,729) of this year. The rise in credit card debt reflects the challenges faced by many consumers and reveals the delicate balancing act they are managing. Moreover, a closer analysis reveals fluctuations in payment patterns, missed
The European InsurTech market experienced a notable upturn in Q3 2023, with increasing deal activity and hints of a potential turnaround for the sector. Despite facing challenges, the industry showed resilience as it witnessed the highest number of InsurTech deals in the UK, significant funding rounds, and regulatory updates aimed at promoting consistency and transparency. This article delves into the
Republic Bank of Arizona (RBAZ) has recently announced its partnership with Biz2X, a leading turnkey Software-as-a-Service (SaaS) platform for small business lending and digital banking. Developed by New York-based Biz2Credit, Biz2X offers a comprehensive suite of features that includes loan origination and management, data and risk analytics, and customer journey configuration. This collaboration marks an important milestone for RBAZ as
Zilch, a leading financial technology company, has made waves in the industry by introducing a groundbreaking product aimed at empowering individuals who are traditionally excluded from mainstream credit. With this innovative offering, Zilch provides millions of people with the opportunity to build their financial profiles securely, responsibly, and without incurring any interest charges. Zilch Up, as it is called, not
Over the past few years, the digital payment landscape in Asia has undergone a significant transformation. As electronic money (eMoney) transactions continue to trend upward, eCommerce merchants must adapt to this change and provide acceptance for multiple payment forms like QR codes and digital wallets. In this article, we will explore the importance of embracing local payment possibilities, the efforts
In today’s competitive marketplace, it is crucial for businesses to go the extra mile in personalizing and optimizing payment processes. By tailoring payment experiences to meet customers’ preferences, businesses can reduce friction, increase customer satisfaction, and ultimately drive sales. This article explores various strategies for personalizing payment processes to enhance the overall customer experience. Offering the Option to Save Payment
In today’s digitally-driven world, payment gateways play a crucial role in facilitating secure and efficient online transactions. A payment gateway is a secure online service that connects the merchant’s website and/or point of sale system to the payment processor. It acts as a bridge between the customer’s card issuing bank and the merchant’s bank, ensuring seamless payment processing. Importance of
In a significant move to enhance financial inclusion for Colombians, TerraPay, a global payments network, has partnered with Bancolombia, a prominent remittance organization in Colombia. This collaboration aims to streamline and maximize remittance flows to benefit individuals and contribute to the country’s economic growth. TerraPay’s Global Reach With an extensive global network, TerraPay has established itself as a leading player
In a landmark partnership, Tarabut, the leading open banking platform in the MENA region, has joined forces with FLOOSS, a prominent Bahrain-based digital lending platform, to offer a cutting-edge digital lending service in the country. This collaboration marks a significant milestone as Bahrain’s first open banking-enabled digital lending service, revolutionizing the way consumers access loans and expediting the approval process.
A recent comprehensive study conducted by CoinLedger, a leading cryptocurrency software company, provides insights into the sectors and companies at the forefront of this transformative trend. Cryptocurrency adoption has been steadily increasing, and its impact on various sectors is becoming more apparent. This article delves into the sectors leading in cryptocurrency adoption and explores the potential implications for our daily
In an effort to broaden the reach of digital payments, Hepsipay, the platform wallet introduced by Hepsiburada, has partnered with Visa, the global leader in digital payments. This strategic collaboration aims to empower Hepsipay users by enabling the global acceptance of their digital prepaid cards for both online and physical purchases. With Visa’s advanced security products and services and Hepsipay’s
