Payment

Prior to this, Cashfree acquired Middle East-based Telr, to expand its footprint in the region.

Spreedly's Andy McHale and PPRO's Adrian Burgess discuss the challenges and solutions of local payment requirements and how payments orchestration can help.

The other part that the orchestration platform can play is simplifying and consolidating data settlement and reconciliation.” Having a third party handle disputes and other local payment complications allows merchants to operate confidently in any region, knowing they can readily provide the payment options their customers will demand. “A lot of these alternative payment methods have different levels of consumer protection rights,” he said. There is a remarkable array of local and alternative payment methods around the world, each of which is some customer’s favorite, said McHale. Preferred payment methods are as diverse as the regions themselves. “But that doesn’t work for every individual, every ecosystem, every region on the planet.

Consumers in Asia Pacific (APAC) are by far the most enthusiastic adopters of digital payments worldwide.

Working with a local acquirer can minimize additional costs for both the merchant and the consumer. In addition, consumers could be charged a foreign transaction fee (between 1%-3% of the purchase value) when they use their card abroad or pay for something online from a foreign merchant. Whether merchants have an existing customer base in APAC or are looking to expand into this rapidly growing center for e-commerce and digital payments, the benefits of working with a platform that offers local acquiring could be a gamechanger for online businesses. Despite other alternative payment methods growing in popularity across the region, it’s clear that on and offline payments in APAC are still driven by credit and debit cards, with major card schemes including VISA, Mastercard, CUP and JCB. Card payments remain most popular in the region and APAC dominated the global card payments market last year with a 57.8% share of international card payments by value. Consumers in Asia Pacific (APAC) are by far the most enthusiastic adopters of digital payments worldwide, increasing their use of at least one digital payment method in the last 12 months by 69%.

Pagos, which is developing a platform to help companies monitor and manage payments from customers, has raised $34 million.

Pagos, a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments c.

To learn more, visit [https://pagos.ai](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpagos.ai&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=https%3A%2F%2Fpagos.ai&index=19&md5=0f345a95c34d6005c6d7963bca9a1d22). [Pagos](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpagos.ai%2F&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=Pagos&index=18&md5=02b74ed4a7dcb0aaeb5b595a2b7f14bd) is a payment intelligence company that turns disparate, hard-to-access, digital payments data into clear, actionable business insights. [Peacock](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpagos.ai%2Fpeacock%2F&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=Peacock&index=15&md5=0722132b82a9439ad5917b783ba45470), provides a user-friendly dashboard enabling businesses to see, analyze, and act on payments data across vendors, channels, and markets – a common challenge for large multinational brands—and it’s all available via simple low code / no-code integrations with payment processors like Adyen, Braintree, Chase, PayPal, Stripe, WorldPay and more. [BUSINESS WIRE](https://www.businesswire.com/))-- [Pagos](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpagos.ai%2F&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=Pagos&index=1&md5=a7be3e201b56b8b9513273471b625468), a payment intelligence company that empowers businesses to optimize their digital payment infrastructure and maximize revenue, lower payments costs, and reduce fraud, today announced an oversubscribed $34 million Series A investment led by [Arbor Ventures](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.arborventures.com%2F&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=Arbor+Ventures&index=2&md5=0ed7b9766684344647adcc412228990c), a global fintech-focused venture firm. Global digital payments revenue is [expected to reach $14.79 trillion by 2027](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.statista.com%2Foutlook%2Fdmo%2Ffintech%2Fdigital-payments%2Fworldwide&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=expected+to+reach+%2414.79+trillion+by+2027&index=13&md5=c5624faf8747a539381cc55f0376d2a3), so payment infrastructure has never been more critical. Pagos adds value throughout the payment ecosystem, including for service providers like Ravelin, a fraud and payment authentication solution. Pagos' formidable birds ensure we are able to proactively monitor our global business down to the BIN level to stay ahead of fraud while optimizing our payment performance." “In an economic environment where businesses are becoming more focused on balancing top-line growth with improved margins and profitability, the Pagos platform is exceptionally well-placed to help customers achieve these goals by optimizing their payments infrastructure. “Our platform helps companies understand and act on the data that already exists within their payments environment, allowing them to better support changing consumer behavior and demands, reduce their operating costs, increase their revenue, and mitigate unnecessary customer friction—all without having to change their current payments infrastructure.” [1 billion transactions](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpagos.ai%2F2023%2F01%2F19%2F1-billionwith-a-b-twice%2F&esheet=53343859&newsitemid=20230227005060&lan=en-US&anchor=1+billion+transactions&index=12&md5=f77aa96a93abbe887e25db6122108d7d) analyzed per year, the Pagos platform is trusted by many of the world’s largest online brands such as Adobe, Eventbrite, GoFundMe, and Warner Bros Discover. Even the small number of companies that do have those resources are leaving money on the table,” said Even the small number of companies that do have those resources are leaving money on the table”

Payments intelligence platform Pagos announced an oversubscribed $34 million Series A fundraise as investors bet on the value of deeper insights into ...

[B2B Newsletter](https://www.pymnts.com/subscribe). It notes that “as payment technology becomes increasingly essential, the associated costs and complexities have also surged, leading many businesses to miss out on significant revenue opportunities while also racking up high payment acceptance costs — a particularly worrisome reality given ongoing economic volatility.” [Pagos](https://pagos.ai) announced an oversubscribed $34 million Series A fundraise on Monday (Feb. Even the small number of companies that do have those resources are leaving money on the table,” [Klas Bäck](https://www.linkedin.com/in/klasback/), co-founder and CEO of [Pagos](https://pagos.ai/), said in the announcement. 27) as investors bet on the value of providing deeper data insights into payments.

PRNewswire/ -- Mobile World Congress -- KDDI Corporation, one of Japan's top three telecommunications carriers and the operator of the "au" mobile phone...

[Oracle Real Application Clusters](https://c212.net/c/link/?t=0&l=en&o=3795106-1&h=2072711903&u=https%3A%2F%2Fwww.oracle.com%2Fdatabase%2Freal-application-clusters%2F&a=Oracle+Real+Application+Clusters) and [Oracle Data Guard](https://c212.net/c/link/?t=0&l=en&o=3795106-1&h=290229742&u=https%3A%2F%2Fwww.oracle.com%2Fdatabase%2Fdata-guard%2F&a=Oracle+Data+Guard) to achieve high performance and high availability. [Oracle Cloud Infrastructure (OCI)](https://c212.net/c/link/?t=0&l=en&o=3795106-1&h=3748958374&u=https%3A%2F%2Fwww.oracle.com%2Fjp%2Fcloud%2F&a=Oracle+Cloud+Infrastructure+(OCI)) to build au Ponta Points Program's disaster recovery system. OCI, along with [Oracle Autonomous Database](https://c212.net/c/link/?t=0&l=en&o=3795106-1&h=1360890167&u=https%3A%2F%2Fwww.oracle.com%2Fhk%2Fautonomous-database%2F&a=Oracle+Autonomous+Database), will also be used to store transaction settlement details and to analyze data. For more information about Oracle (NYSE: "KDDI's payment and customer point program are an important social infrastructure for consumers in Japan. "au PAY and au Ponta Points Program are indispensable services in our customers' daily lives, especially when digital money becomes a form of compensation starting in April 2023. Now we are able to quickly develop and deliver services that meet the ever-changing needs of our customers." In addition, Oracle helps KDDI meet changing customer needs by enabling it to develop new services and applications 30 percent faster. au PAY has approximately 31 million customers, while au Ponta Points Program is one of Japan's most popular customer loyalty systems. By working with Oracle, au Pay payment processing is now five times faster than before, while au Ponta Points Program's processing performance has improved by 200 percent. Both au PAY and au Ponta Points Program continue to grow rapidly as Japanese consumers embrace mobile payments and a cashless lifestyle. BARCELONA, Spain and TOKYO, Feb.

NewNet Secure Transactions Inc., (“NewNet”) a leading provider of innovative solutions for secure payments to financial institutions, banks and paymen.

NewNet solutions are deployed with customers in over 60 countries, handles one-fourth of the annual global transaction volume, and is available both in private and public clouds and also as Server based solutions for Datacenters. The Calculus Group are leaders in the scalable application of technology within the public and private sector, delivering comprehensive value-added solutions for ICT services providers and all levels of government. “NewNet’s next generation payment solution with offerings for Cloud based payment application solutions, Tokenised payments etc., coupled with leading service and support contributes significantly towards offering a seamless roadmap to cloud migration, overcoming EOL challenges, future proofing their payment infrastructure and delivering peace of mind with advanced security and performance.” NewNet’s expertise in offering low cost of ownership highly scalable state of the art secure payment transaction acceleration and routing solutions, coupled with our customer focused integration and support services, creates an efficient, cost-effective solution to our customers.” NewNet Secure Transactions Inc., (NST) is a premier global provider of next generation payment technology solutions offering significant expertise in Secure Payment solutions. NewNet’s global services team together with Calculus’ team worked together to deliver a quick implementation with high quality on-site training for the service provider’s network and systems management team ensuring a smooth transition to this highly scalable platform. “We are delighted to partner with NewNet and offer AccessGuard 1000 solutions to enhance the transaction performance capability and meet higher security standards for our payment provider and payment acquiring customers,” said Sooraj Vasudevan, CEO of Calculus Networks. In Latin America, the Calculus Group operates as Mexico City based Calculus Networks, S.A. The AG1000 transports millions of transactions per day as a high-density transport gateway that uniquely links IP, Mobile POS and Web/E-commerce transaction data with authorization servers supporting ISO 20022, TPDU, ISO8583 and custom transaction protocols. Transaction protocols including VISA I, VISA II, ISO 8583, TPDU (Transport Protocol Data Unit), and Custom Protocols are utilized with hardware optimized efficiency. The PCI validated NewNet payment solution offers secure transaction routing and transport via cloud based virtualized applications or physical environments. NewNet’s AG1000 consolidates HTTPS and TLS/SSL transaction routing, TLS/SSL acceleration and load balancing within a compact rack mounted footprint.

(Helsinki, 28 February 2023) Tietoevry has completed a major systems' upgrade for Chip Card, member of Payten, one of the leading payments processors in the ...

Chip Card, a member of the Payten group is one of the leading payment card transaction processors in the Republic of Serbia and the region since 2004 and represents a reliable and stable partner to its clients, merchants, and other financial and non-financial organizations. The Chip Card business consists of two business lines: payment card transaction processing operations intended for financial institutions, and payment Institutions, including e-commerce and POS integration, which is intended for merchants. Beograd, as a majority shareholder, Chip Card is a member of the Payten group, operating within the broader ASSE group. (Helsinki, 28 February 2023) Tietoevry has completed a major systems' upgrade for Chip Card, member of Payten, one of the leading payments processors in the Republic of Serbia. In January 2021, Chip Card announced its intention to upgrade its existing card processing infrastructure with Tietoevry to help manage soaring service demand and transaction volumes and prepare its business for futureproof system flexibility, speed and no-downtime expectations. Thanks to the upgraded architecture we have introduced, transactions are faster, the risk of downtime is reduced, and ongoing operational costs are lower.

Netherlands-based blockchain gift card and commerce platform CryptoRefills has launched a new payment option through the Optimism layer 2 network.

As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. CryptoRefills offers a variety of L2 options and supported stablecoins in a bid to become the main gateway between global brands and the Web3 community. In October 2022, CryptoRefills has closed a seed round led by Eric Barbier, a Fintech entrepreneur and founder of TransferTo and Mobile 365 (acquired by SAP). CryptoRefills wants to help people from all over the world to spend bitcoin and other cryptocurrencies for their everyday needs. The new payment option will allow CryptoRefills customers to pay with ETH and stablecoins such as USDC, FRAX, USDT, and DAI using the Optimism layer 2 network.

Local and alternative payment methods — including digital wallets; online bank transfers; buy now, pay later (BNPL); and direct debit — are the most common ...

[tokenize](https://docs.spreedly.com/) payment data and pass it to different endpoints based on business requirements. Integrating these gateways with internal teams is exceptionally difficult, so working with payments orchestration providers is a more efficient and effective option for companies of all sizes. The latter, meanwhile, leverages artificial intelligence (AI) to optimize the route spontaneously, rerouting payments as necessary based not only on the payment of choice but also on the current status of the various payment gateways. Picking partners that offer dynamic routing is a virtual necessity for businesses looking to provide local or alternative payments for their international customers. This month, PYMNTS digs deep into how merchants are implementing local payments with the help of payments orchestration systems.](https://www.ppro.com/insights/ppro-payments-and-e-commerce-report-western-and-central-europe/) [spend](https://www.ppro.com/insights/ppro-payments-and-e-commerce-report-western-and-central-europe/) more than $388 billion online annually using local payments, which are projected to account for 82% of the global eCommerce spend by 2024.

As regulators debate rules in the EU's SEPA Instant Scheme, Austria is fast emerging in the real-time payments space.

[PYMNTS Data: Why Consumers Are Trying Digital Wallets](https://www.pymnts.com/study/new-payment-options-digital-wallets-consumer-finance/) [said](https://www.pymnts.com/digital-payments/2022/eus-open-bankings-payments-transformation-faces-fintech-headwinds/). [proposal](https://ec.europa.eu/finance/docs/law/221026-proposal-instant-payments_en.pdf) aimed at forcing banks PSPs to offer 24/7 instant euro payment services without charging customers an additional fee, PYMNTS [reported](https://www.pymnts.com/news/faster-payments/2022/takeaways-from-the-eus-instant-payment-mandate/). [significantly slowed](https://www.pymnts.com/news/faster-payments/2022/whats-the-holdup-with-sepa-instant-payments/) since then. [interview](https://www.pymnts.com/emea/2022/lackluster-rollout-of-sepa-instant-stymies-eu-payment-system-success-says-wise-product-chief/) with PYMNTS, Steve Naudé, head of product at Wise Platform, pointed to the low proportion of banks — [5% in Ireland and just 4% in Denmark](https://www.cpg.de/instant-sepa-relevanz-im-zahlungsverkehr-im-juni-2022/#Vergleich_der_SCT_Inst_vs_SCT_Teilnahme_im_SEPA_Raum) — offering SEPA Instant as one of the inhibitors of instant payments on the continent. [The Real-Time Payments World Map](https://www.pymnts.com/tracker/real-time-payments-world-map-global-transactions),” a PYMNTS and The Clearing House collaboration which traces the evolution of countries, merchants and consumers’ use of the payments innovation.