The “2024 Global Ecommerce Report” by Boku, with Juniper Research’s expertise, unveils a transformative shift in online shopping behavior. Local payment methods are becoming the preference over global card networks, indicating a substantial move in digital transaction trends. This surge of localized payment preferences is influencing the ecommerce landscape. As these methods gain popularity, merchants are compelled to adapt their
Asia’s financial technology scene is witnessing a transformative phase, especially with the emergence of immediate B2B payment solutions. A pioneering collaboration has emerged between global fintech leader Nium and Kapronasia, a premier consultancy specializing in Asian financial markets. They’ve jointly published a white paper entitled “Breaking Borders: The Revolution of Real-Time Cross-Border B2B Payments in Asia,” offering a comprehensive examination
Careem Pay, a key feature of the Careem Super App, has expanded its offerings to better serve the UAE’s British expat community. It introduced a fast UK remittance service, enhancing the financial experience for users when they transfer funds home. This move not only caters directly to the needs of UAE-based UK expatriates but also solidifies Careem Pay’s role in
In a groundbreaking move for the financial technology sector, Coupa, the powerhouse behind comprehensive business expense management, has joined forces with Bottomline, a formidable presence in business payment solutions. This collaboration is set to elevate the payment experience to unprecedented heights. By marrying the strengths of Bottomline’s Paymode-X network with the capabilities of Coupa Pay, businesses can look forward to
PayPal’s foray into the stablecoin arena with PYUSD is a game-changer for crypto transactions. For Singapore’s first licensed crypto payment enterprise, Triple-A, this is a significant leap, enhancing its portfolio beyond giants like Bitcoin and Ethereum to include PYUSD. Although new and less circulated compared to titans like USDT, PYUSD’s potential is backed by PayPal’s vast user network. Triple-A’s transaction
In a digital era where the ease of online transactions is paramount, Trustly is revolutionizing the checkout experience with its groundbreaking Trustly Growth Guarantee. This initiative commits to a remarkable 98.8% conversion rate, promising to dramatically drive business growth by minimizing cart abandonment. For e-commerce, even a small uptick in conversion can significantly boost profits, making Trustly’s offering particularly enticing
Malaysia’s fintech sector experiences a significant milestone: the introduction of the nation’s first JCB payment gateway, a collaborative venture between Soft Space Sdn. Bhd. and JCB International Co., Ltd. This strategic partnership exemplifies a major advancement in Malaysia’s digital payments arena. Tailored to meet the burgeoning e-commerce and online transaction demands, the payment gateway underpins a safer and more seamless
The transformation within the financial sector is unmistakable, as digital tools and platforms rapidly become essential to finance professionals. This technological shift is not only indicative of an industry moving towards more digitized operations, but also reflects a commitment to refining and expediting financial workflows. The strategic move by Balderton Capital to fund Payflows underscores this significant trend. Investments like
One of the primary accelerators for faster payments adoption through QR codes is the development and implementation of a universal standard. As the U.S. Faster Payments Council (FPC) report highlights, having strong governance to oversee the creation of a universally accepted QR code format is essential. This uniformity would prevent fragmentation in the market, where different retailers and payment providers
In response to the increasing threat of invoice and payment fraud, Basware, a prominent figure in accounts payable automation, has introduced a new weapon: AP Protect. This AI-powered tool is specifically designed to prevent financial losses that can stem from fraud. By enhancing the accuracy of accounts payable processes and offering protection against fraud, AP Protect utilizes advanced algorithms and
Digital transactions are increasingly dominating our lives, and in a recent development, Splitwise has collaborated with Tink to unveil a new feature – Pay by Bank. This feature is integrated within the Splitwise app and is set to simplify the settlement of shared expenses by enabling users to make direct bank transfers. This is not just an improvement in user
Trulioo has enhanced its partnership with Nium by integrating its advanced Person Match verification technology with Nium’s UK-based operations. This tool is critical in the fintech space for executing swift yet accurate identity checks, a historically challenging feat. Trulioo’s tech leverages various international data sources, allowing Nium to perform UK customer verifications in an impressive average time of 6.43 seconds—a
