Visa hosted its first Open Payments Session in Cambodia, uniting regulators, experts, merchants, and financial services representatives to discuss the country’s advancing digital payment ecosystem. With e-commerce revenue projected to hit $1.12 billion in 2024 and rise to $1.81 billion by 2029, the landscape is set for significant transformation. Key discussions at the session included the rise of cashless and
Komercijalna Banka AD Skopje, a prominent bank in North Macedonia, has chosen Entrust, a global leader in identity-centric security solutions, to enhance its physical card portfolio. This collaboration focuses on integrating the Entrust Digital Card Solution into Komercijalna Banka’s existing banking app, mBanka, to facilitate seamless digital payment options for its customers. Additionally, BCS North Macedonia, a long-term partner of
The finance industry is undergoing a significant transformation driven by advancements in Artificial Intelligence (AI) and Data Science. These technologies are reshaping traditional banking models and enabling more efficient decision-making processes. As AI and Data Science continue to evolve, their role in the finance sector is expected to become increasingly critical, leading to smarter and more agile financial services. The
Mekorma’s latest Build x96 update for Dynamics GP introduces a myriad of enhancements aimed at revolutionizing accounts payable (AP) processes by providing smarter, more tailored payment methods that promise to elevate efficiency, security, and user experience. Among the standout features is the Vendor Validation Early Access, a tool designed to ensure compliance with bulk Tax Identification Number (TIN) matching, address
The insurtech company Jove has recently made headlines by securing £3.6 million in a seed funding round, aiming to revolutionize contractor insurance with advanced solutions tailored for contractors and small businesses. The seed round was spearheaded by Explorer Investments and included support from various prominent venture capital firms like Seed X, Love Ventures, Portfolio Ventures, New Alpha Asset Management, Exceptional
The recent plunge in Bitcoin prices below the $95,000 mark has sent shockwaves across the cryptocurrency market, reminiscent of the notorious "Thanksgiving Massacre" of 2020, when Bitcoin experienced a dramatic 17% drop. Despite a brief rebound to $95,500, Bitcoin’s price remained weak, standing at $96,972 at the time of writing. This fluctuation has reignited debates among analysts and investors about
The intersection of embedded finance and the FCA’s Consumer Duty is set to redefine the landscape of consumer finance, requiring firms to ensure that financial products and services marketed and sold drive quality outcomes for consumers. This regulatory shift, effective from July 31, 2023, aims to uphold quality consumer outcomes by establishing a standard that mandates financial products and services
In a significant move to revolutionize AP automation, Mekorma has unveiled impressive updates to its Remote Payment Services (RPS) under the Payment Hub solution. Announced on December 2, 2024, these updates are designed to offer secure, cost-effective, and highly adaptable payment solutions to their extensive client base of over 5,000 customers. The introduction of pay-per-transaction pricing with free virtual credit
The recent investment of $8 million in Ethena (ENA) tokens by Pantera Capital has drawn considerable attention and speculation within the cryptocurrency community. This substantial purchase was executed within a 24-hour timeframe and is part of Pantera’s ongoing strategy to increase its ENA holdings, which it has been diligently pursuing over the past three weeks. This concerted effort underscores robust
In a significant move aimed at enhancing its platform’s capabilities, Spendesk, a spend management platform for mid-sized businesses, has officially launched Spendesk Financial Services, its own payment institution. This development gives Spendesk the autonomy to control its payment services infrastructure, marking a substantial milestone in the company’s growth. Regulated by the ACPR and backed by a partnership with Visa, Spendesk
Payit™ by NatWest, the innovative open banking payments solution, has recently made its debut on the Interactive Investor (ii) platform. This strategic integration is designed to offer investors prompt and secure options for depositing funds, empowering them to make well-informed investment decisions without enduring unnecessary delays. Utilizing advanced open banking technology and leveraging Account Information Services (AIS), Payit™ by NatWest
In a rapidly evolving digital economy where eCommerce drives much of the commercial activities, the collaboration between MyFatoorah and Mastercard introduces a transformative payment gateway platform aimed at revolutionizing the Middle East’s digital payment landscape. MyFatoorah, recognized as a licensed payment service provider (PSP) in the Middle East, has partnered with Mastercard to offer an enhanced customer experience for over
