Buy Now, Pay Later (BNPL) services have revolutionized how we shop, challenging banks to adapt quickly. Splitit has emerged as a pioneering solution with its FI-PayLater system, bridging the gap between consumers’ love for flexible payment and the credibility of traditional financial institutions. By integrating instant installment payment features directly at checkout points, Splitit empowers banks and credit card providers
In a significant development for the fintech sector, the internationally acclaimed company Unlimit has established a strong foothold in the Indian financial ecosystem. This comes as Unlimit has secured an Online Payment Aggregator license granted by the Reserve Bank of India, signaling a new era in the nation’s digital payment infrastructure. Known for their state-of-the-art payment solutions, Unlimit is poised
Visa’s recent move to join the AWS Partner Network (APN) signifies a strategic step toward improving payment processes on a global scale. With the integration of select Visa services into AWS Marketplace, Visa simplifies access to its payment solutions for over 300,000 AWS customers. Businesses, particularly fintechs and financial institutions, stand to benefit as they can now seamlessly add Visa’s
The National Bank of Iraq is significantly transforming its customer banking experience by implementing Temenos’s cutting-edge banking and payments solutions. This move is more than just an update; it is a strategic overhaul of the bank’s operational framework, reshaping the way it serves its clients. With the adoption of Temenos technology, the NBI is setting a new benchmark for digital
Allstar has taken a significant stride in digital payment innovation by integrating EV charging payment solutions into its upgraded Co-Pilot app, marking a significant advancement for e-mobility. Catering to the pain points of EV drivers, Allstar’s app revamp facilitates the locating and paying for charging stations—a notable impediment to the adoption of electric vehicles. This development underscores Allstar’s dedication to
BigCommerce has made a significant leap in the ecommerce sphere with the “Next Big Thing”, a sizable update that integrates over 100 new functionalities, enhancements, and partnerships. The upgrade is strategically aimed at equipping merchants with advanced tools to spark growth. With its eyes on the future, the platform’s improvements are anchored in three key areas: expanding international sales reach,
In the dynamic realm of e-commerce, fraud is a pervasive challenge. ClearSale has distinguished itself as a frontrunner in combating online fraud, offering heightened protection for both merchants and shoppers. By merging sophisticated machine learning with the acumen of experienced analysts, ClearSale presents a formidable defense against fraud. This approach precisely identifies and excludes fraudulent actions, preserving legitimate sales. The
Pipe17, the omnichannel ecommerce solution provider, has been honored with the “Best Enterprise Integration Solution” award by TikTok Shop. This prestigious recognition is a testament to the prominence and efficacy of the company’s suite of integration tools, particularly engineered for large-scale TikTok Shop sellers. The award underscores Pipe17’s commitment to enhancing the digital operations of ecommerce businesses. The Order Hub,
In today’s fast-paced business world, logistics forms the backbone of global trade, particularly for small and medium-sized enterprises (SMEs). Alibaba.com, the renowned global e-commerce platform, has taken a significant leap forward for these businesses by launching a new Logistics Marketplace. Aimed specifically at US SMEs, this initiative is designed to improve the efficiency and manageability of logistics operations, historically a
In a move that celebrates inclusivity and innovation, Mastercard and UniCredit have partnered to develop the Mastercard Touch Card, a breakthrough solution for visually impaired individuals. Launched on April 22, 2024, the Touch Card is specially designed to make financial transactions more accessible for the blind and partially sighted. A distinctive feature of the card is the tactile side notches,
In the UK, Variable Recurring Payments (VRPs) stand out as a key innovation within the payment sector. These allow consumers to empower payment service providers to initiate payments of varying amounts from their bank accounts, adhering to predetermined limits. This mechanism is particularly suited to recurring financial commitments like utility bills. A comprehensive examination by UK Finance and Addleshaw Goddard
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
