PSP Services Inc. (PSP) has announced a significant milestone in its growth strategy by agreeing to acquire NCR Atleos’ debit card production and transaction processing business in Canada, a move expected to greatly enhance its service offerings and market position. This acquisition is poised to integrate seamlessly with PSP’s award-winning HLX™ unified commerce platform, which aims to deliver cutting-edge payment
In a landmark announcement at Money20/20 USA, Yuno has unveiled Payout, an innovative solution aimed at revolutionizing the way merchants manage global payment processes. This latest offering from the world’s leading payment orchestrator promises to simplify and streamline both pay-ins and pay-outs through a single, user-friendly platform. Simplifying Global Payment Processes One Platform for All Payment Needs Payout integrates a
With Wealthsimple’s recent introduction of a travel eSIM as part of its new lifestyle rewards program, clients with at least $200,000 in assets can now enjoy enhanced connectivity and cost savings. Wealthsimple, a Canadian fintech company dedicated to unlocking financial freedom for its clients, has partnered with Gigs to provide Premium and Generation clients with a global 10GB travel eSIM.
The corporate world’s approach to Diversity, Equity, and Inclusion (DEI) has become a focal point of debate in recent years. While many companies initially embraced DEI initiatives in response to societal calls for justice and equity, a rising trend shows some corporations stepping back from these efforts. This shift has sparked concern and prompted discussions among business leaders and industry
Embedded finance is revolutionizing the way businesses engage with their customers by seamlessly incorporating financial services into their existing offerings. This integration not only enhances the user experience but also creates new revenue streams for companies. Embedded finance refers to the incorporation of financial services such as lending, payments, and insurance within non-financial platforms. By partnering with financial technology providers,
ClearBank has recently achieved a significant milestone by successfully onboarding its first European clients to the T2 Eurosystem’s payment rail. Known for its real-time clearing and embedded banking capabilities, ClearBank is now enabling seamless transactions in Euros for three fintech firms: OpenPayd, Pay Perform (trading as Orbital), and Transact Payments. This groundbreaking development marks a pivotal advancement in real-time gross
The U.S. credit landscape is evolving with the rise of embedded lending, which incorporates credit services directly into a merchant or service provider’s platform. This innovation allows consumers and businesses to access loans seamlessly during their purchasing process, signaling a shift from traditional lending methods to more integrated and immediate solutions. However, the growth of this sector hinges on addressing
Settling into a new country can be a challenging experience, especially when it comes to securing housing and building a stable financial foundation. For the nearly 1.5 million new permanent residents projected to arrive in Canada over the next three years, the partnership between Quarters and Nova Credit offers a beacon of hope. This collaboration is poised to significantly ease
The financial sector is witnessing an unprecedented transformation through the rise of embedded finance. This innovative trend involves integrating financial services directly into non-financial platforms and products, fundamentally changing how consumers interact with financial services. From payments to lending, insurance, and investments, embedded finance is reshaping the landscape for consumers, traditional financial institutions, fintech companies, and non-financial businesses alike. The
The recent launch of Expend’s Card Connect™ marks a significant leap forward in the field of business expense management. Traditionally a labor-intensive task fraught with errors, managing corporate expenses now stands on the brink of a new era of efficiency and accuracy. Card Connect™—a product designed to offer streamlined, real-time expense management—aims to simplify, automate, and modernize the process. By
The fintech industry continues to expand and evolve at an unprecedented pace, driven by a series of strategic developments and technological innovations. This dynamic landscape is characterized by global expansions, strategic partnerships, AI integration, and efforts toward financial inclusion, all of which are reshaping the financial services sector. Global Expansion Initiatives NPCI International’s Real-Time Payments Platform The fintech industry has
Artificial Intelligence (AI) has been heralded as the next revolutionary force capable of transforming diverse industries, with the financial services sector being no exception. This article explores the extent to which AI can bridge the gap in financial inclusion, examining both the technological advancements and the inherent challenges that lie ahead. AI is frequently presented as a panacea for various
