In a significant leap forward for the payments industry, Fime has launched the pioneering EMV® C-8 Contactless Kernel testing services. Designed to simplify the adoption of contactless payments, this new specification aims to eliminate costs and complexities typically associated with such systems. With enhancements in security and efficiency, this development impacts merchants, vendors, and solution providers, setting a new standard
The landscape of financial transactions is undergoing a dramatic transformation in the Nordic region, with mobile payments rapidly taking the lead while traditional cash usage fades into obscurity. An in-depth survey by Nets, part of Nexi Group, sheds light on this noteworthy trend and its implications for both consumers and merchants in Denmark, Sweden, Norway, and Finland. Dominance of Contactless
A significant development in the fintech industry surfaced recently as Apex Fintech Solutions Inc. announced its acquisition of FinTron, a financial technology and design agency renowned for its advanced digital experiences crafted for investors and advisors. This acquisition marks a strategic initiative by Apex to enhance its digital investment solutions by incorporating FinTron’s customizable and intuitive technologies. This integration is
The landscape of B2B sales is rapidly evolving, driven by the need for more efficient and engaging product demonstrations. Pepsales, an innovative AI-powered SaaS platform, is at the forefront of this transformation. With a recent $1.1 million pre-seed funding round led by Chiratae Ventures and contributions from various angel investors, Pepsales aims to revolutionize how B2B sales teams connect with
In a landmark development for digital payment solutions, Cashfree Payments has announced the launch and certification of their new UPI (Acquiring) Switch by the National Payments Corporation of India (NPCI). As one of India’s premier payments and API banking companies, this new UPI Switch promises substantial improvements in transaction success rates and customer experience, revolutionizing the landscape of online payments.
The retail industry is on the brink of a significant transformation with the arrival of the Revolut Terminal, a new point-of-sale (POS) device introduced by the renowned global fintech company, Revolut. This launch is not only aimed at streamlining payment processes for retailers but also promises to redefine the customer checkout experience. As businesses gear up for the busy retail
Coronation Fund Managers have recently listed the Coronation Global Opportunities Equity Prescient Feeder Actively Managed Exchange Traded Fund (AMETF) on the Johannesburg Stock Exchange (JSE), marking a significant milestone for investors eyeing global markets. This ETF trades under the share code COGOE and offers on-market investors a unique opportunity to access a diversified portfolio managed by top global equity fund
The FinTech industry is undergoing a significant transformation, driven by strategic collaborations aimed at fostering sustainable investment solutions. This dynamic sector is witnessing unprecedented advancements, leveraging the strengths of diverse players to provide sophisticated data, analytics, and technology-driven insights. As ESG (Environmental, Social, and Governance) considerations become more integral to investment decision-making, the synergy between FinTech firms is pivotal in
Thera, a burgeoning player in the payroll and payments sector, has recently secured $4 million in seed funding. This substantial financial boost was spearheaded by notable investors, including Y Combinator, 10x Founders, Amino Capital, Zillionize, Bayhouse Capital, and individual angel investors like Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. The funds are aimed at propelling the
In today’s fast-paced digital economy, the integration of payment functionalities into Software as a Service (SaaS) platforms is creating unprecedented efficiencies and opportunities. Known as embedded payments, this innovation is transforming how businesses operate and how consumers interact with financial services. This article explores how embedded payments are revolutionizing SaaS business models by enhancing service offerings, simplifying financial processes, and
FlexFactor, an innovative provider specializing in decline recovery solutions for eCommerce brands, recently announced the successful completion of a $16.8 million Series A funding round. The round was spearheaded by Bessemer Venture Partners, with contributions from initial seed investors, marking a significant milestone in the company’s journey. Given the immense scale of the global eCommerce market, which surpasses $5 trillion
The first half of 2024 revealed intriguing dynamics in the Latin American FinTech investment scene, characterized by a significant decrease in deal volume but an impressive increase in total funding. This dual trend marks a strategic shift in investor behavior and underscores the evolving maturity of the sector amidst broader economic uncertainties. Overview of LATAM FinTech Investment Growth The LATAM
