In the ever-evolving world of commerce, businesses are constantly seeking ways to streamline processes and improve customer experiences. One area that has seen significant advancements is in the realm of payment solutions. Buy-now, pay-later (BNPL) options have gained immense popularity in the business-to-consumer (B2C) space, allowing customers to make purchases and defer payment. Now, a pioneering partnership between payment specialists
In the ever-evolving world of e-commerce, closed-loop wallets have emerged as powerful tools that are transforming the way online merchants engage customers and manage operations. One such innovative system is offered by PayNet, which provides a closed-loop wallet solution that seamlessly integrates with e-commerce platforms, offering a wide range of features to enhance customer engagement and streamline business processes. PayNet’s
In today’s fast-paced business environment, the automation and reconciliation of B2B payments have become critical factors for success. As the migration to electronic methods gathers momentum, the importance of data and reconciliation capabilities in facilitating seamless transactions cannot be overstated. This article aims to delve into the various aspects of B2B payments, including the persistent use of checks, the projected
Newgen Software Technologies, a leading provider of digital transformation solutions, has recently announced its robust financial performance for the second quarter of the fiscal year 2024. The company’s financial results have exceeded expectations, with a profit after tax of Rs. 48 Crores, reflecting a remarkable year-on-year growth of 59%. This significant achievement highlights the successful execution of Newgen’s strategic initiatives
Mastercard, a global technology company in the payments industry, has partnered with FOMO Pay, a leading digital payment solution provider, to integrate Mastercard QR within Singapore’s SGQR. This collaboration aims to streamline payment processes and enhance the consumer experience in Singapore, catering to the growing preference for QR code payments. By integrating Mastercard QR within SGQR, Mastercard cardholders can now
In a groundbreaking move, global payments giant Mastercard has joined forces with NEC Corporation, a leading technology solutions provider, to advance the use of in-store biometric payments. This collaboration aims to transform the way we make payments, offering a seamless, quick, and secure checkout experience. Memorandum of Understanding Underlining their commitment to driving global scale, Mastercard and NEC recently signed
Madrid-based firm Lynx has successfully raised $18 million in Series A funding aimed at bolstering its capabilities in detecting and preventing fraud and financial crimes through the use of advanced artificial intelligence (AI) technology. This funding round marks a significant milestone for the company as it aims to enhance its fraud prevention and anti-money laundering (AML) platform, expand globally, and
FusionIQ, a prominent cloud-based wealth management solutions provider, has recently announced a strategic relationship with Compliance-as-a-Service supplier North Star Consultants in Canada. This partnership aims to enhance market-wide financial services compliance and accelerate digital transformation in the Canadian banking industry. Objectives of the Partnership The primary goals of this partnership are twofold. First, the collaboration seeks to improve the overall
In a strategic move aimed at transforming the payment landscape in the hospitality industry, Payabl., one of Europe’s leading PayTech companies, has announced its partnership with GonnaOrder, a global online ordering platform specializing in the hospitality sector. This collaboration marks a significant milestone as Payabl. extends its cutting-edge payment services to GonnaOrder while simultaneously offering GonnaOrder’s extensive network of merchants
Mastercard, a global leader in payment solutions, has joined forces with NEC Corporation, a renowned technology provider, to drive the adoption of facial recognition technology for in-store payments across the Asia Pacific region. This collaboration aims to combine NEC’s cutting-edge face recognition and liveness verification technology with Mastercard’s expertise in payment enablement and user experience, shaping the future of secure
Irish banks have made the difficult decision to abandon their plans of launching a mobile payments app as they faced regulatory holdups and a rapidly changing payments landscape. The app, named Yippay, was being developed by Synch on behalf of AIB, Bank of Ireland, and Permanent TSB, with the aim of competing against popular fintech companies like Revolut. Goals of
Adani Enterprises, the flagship company of billionaire Gautam Adani, is set to make a significant investment in its data center business. With plans to spend around $1.5 billion over the next three years, Adani Enterprises aims to bolster its position in the rapidly growing data center market. Annual capital expenditure The annual capital expenditure for Adani Enterprises’ data center business
