Payment

Getting both WeChat Pay and Alipay as express payment options on the e-CNY app shows the People's Bank of China's increased effort to spur adoption of the ...

Buy now, pay later provider Scalapay has acquired Italian payment institution Cabel IP to accelerate its growth in Europe and launch new products and ...

[PYMNTS Data: Why Consumers Are Trying Digital Wallets](https://www.pymnts.com/study/new-payment-options-digital-wallets-consumer-finance/) [Versapay](https://www.versapay.com/) has appointed a former [PayPal](https://www.paypal.com/) and [Citi Fintech](https://www.privatebank.citibank.com/outlook/fintech) executive as its new CEO. “To make cash flow move quickly, the entire transaction cycle must be addressed, and that happens most efficiently with one integration, as opposed to a patchwork of niche or incomplete solutions.” Meanwhile, a number of smaller companies rely totally on one individual for AP and AP management. COVID gave companies a boost to upgrade inefficient, manual invoicing and payment practices, such as a major reliance on paper checks. She joins Versapay from automated identity intelligence and cyber fraud prevention firm AU10TIX, where she also served as CEO. The acquisition was concluded Thursday (March 2) after it was authorized by the Bank of Italy. “And once they activated Scalapay, they saw 10% to 20% of customers adopting it straightaway.” [Carey O’Connor Kolaja](https://www.linkedin.com/in/careyokolaja) is taking over the operations and strategic direction of the accounts receivable (AR) provider, Versapay said in a Tuesday (March 7) [news release](https://www.versapay.com/resources/carey-oconnor-kolaja-chief-executive-officer-versapay). Today, the company’s BNPL offering is used by 5,000 stores, 7,000 physical points of sale and 3.5 million consumers who use it online and in store, the release said. [The Strategic Role Of The CFO](https://www.pymnts.com/tag/the-strategic-role-of-the-cfo/),” a report examining accounts payable (AP) and AR modernization. [The New Credit Model](https://www.pymnts.com/study/the-new-credit-model-buy-now-pay-later-consumer-alternative-payments/#wpcf7-f1204790-o1),” a PYMNTS and [Sezzle](https://sezzle.com/) collaboration.

Bolstering its presence in North America, Aevi's partnership with OvationCXM will expand omnichannel digital in-person payments functionality and CX...

[Fintech Meetup](https://www.globenewswire.com/Tracker?data=oE8Xeg_5XVmlnAaRoWYsSC_2Ziyi8CzKVIkzyFdBBbWN4usL2YeC8Yw69QWdqLpUZU3URAHDkhrhwtcr3rZzZA==) in Las Vegas in March. Additionally, both companies will be attending [ETA Transact](https://www.globenewswire.com/Tracker?data=fv2CHpP0JvimMAeIIMZG9yHLPGiL9Q1zn6jFk4q6GfbECn7WkexXZ5XXWUzMfHT-7w0sAuAzDPexS4wRKRTknQ==) in Atlanta in April. Today, the award-winning FinTech Aevi operates across Europe, Australia and the US with offices in London, Prague and Paderborn. As the in-person payments expert, Aevi connects digital and in-person channels, orchestrates checkout flows, and sets transaction data free. [[email protected]](https://www.globenewswire.com/Tracker?data=wTcgRIYwf28E98cxVVZp_5FS8p0Yz9NJOoQY934ogDBWJXoFllGRG3EkRVWWw_If6-3_5VyJP_Wq3rmEFahebvB-GkSA43To6yNLSRwzl30=) [[email protected]](https://www.globenewswire.com/Tracker?data=ayLDXMwBe7L-c9fcpY9GTmu6dHrxytMTerKp-Rkve8y9wudnr0dL3mcwNRDmzZMpSU0UMJKW4CpDWzFOn701Q6suIe5h6a90kSpaTpmomLQ=) Customer experience professionals choose OvationCXM because the CXM technology delivers simplicity at a massive scale, streamlining CXM efforts at every customer touchpoint. OvationCXM, a dba under Boomtown Network Inc., is the Customer Experience Management company helping businesses and their partner ecosystems deliver exceptional customer experiences with complete visibility and precise control so they can own the journey, guide the experience and unleash the benefits. “Now, more than ever, companies must become customer-centric and get the customer experience right,” said OvationCXM Co-Founder and Vice President of Business Development Guiseppi Marzelli. Aevi acts as a collaborator on digital and physical payment channels to enhance customer experience and internal systems with its payment orchestration platform. This seamless and efficient solution drives customer loyalty, positioning us at the forefront of the industry.” The strategic partnership delivers the ultimate personalized payment merchant experience for wholesale ISOs, ISVs, agent banks and more.

The number of consumer instant payments is forecast to exceed 235 billion transactions by 2027; up from 74 billion in 2023. This growth of 218% will be.

Instant payments through Open Banking are attracting growing interest in the telemedia space, with many merchants, aggregators and VAS providers seeing them as a good alternative to DCB in developed markets. Report author Michael Greenwood explained: “Payment processors, who provide payments acceptance for merchants, should look to offer instant payments integration via a single API. This is of particular importance now, as many merchants will be seeking to reduce costs and protect margins through the global economic downturn.

PRNewswire/ -- Spreedly, the provider of the leading Payment Orchestration platform, today announced even more payment method options for customers with the ...

"Our joint customers are able to offer a variety of local payment methods, like Venmo, and make it even easier for consumers to pay using any method they choose." An effective payments strategy must include the right mix of payment methods to address customer preferences, regional payment needs, and a host of other considerations. Spreedly's Payments Orchestration platform enables and optimizes digital transactions with the world's most complete payment services marketplace. These new payment methods are now available to joint PayPal and Spreedly customers processing through PayPal Braintree. Global enterprises and hyper-growth companies grow their digital business faster by relying on our payments platform. Hundreds of customers worldwide secure card data in our PCI-compliant vault and use tokenized card data to enable and optimize over $45 billion of annual transaction volumes with any payment service.

WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the ...

The integration enables WeChat Pay to allow digital yuan payments on certain apps, such as McDonald's food orders and bill payments. The pilot version of the digital yuan application's "Wallet Quick Payment Management" page currently lists 94 platforms, now including WeChat, that can be accessed. WeChat's addition of the digital yuan fast payment function allows users to make payments on certain mini-programs and platforms that support the digital yuan.

WeChat announced the integration of the digital yuan into its payment services and the Chinese government is preparing to vote to establish a new financial ...

If approved, the new financial regulator is expected to “strengthen institutional supervision, supervision of behaviors and supervision of functions,” according to the plan. The government will also set up a bureau responsible for coordinating the sharing and development of data resources, according to a plan submitted to parliament. The government is hoping that with this integration, the switch over to using the digital yuan payment infrastructure will go more smoothly and see more uptake. Sign up here!](https://www.kitco.com/services/e-mail-lists-signup.html) [(Kitco News)](/) - WeChat, the leading social networking and payment app in China, has announced the addition of the digital yuan to its payment services, according to [reports](https://www.thepaper.cn/newsDetail_forward_22161660) from local media. “So it makes sense for the central bank to team up with WeChat Pay and Alipay as opposed to doing it on its own.” The integration with WeChat enables users to make payments on certain WeChat mini-programs and other platforms, such as ordering food from McDonald’s or paying bills, using the digital yuan.

A study from Juniper Research has found that the number of consumer instant payments will exceed 235 billion in 2027.

[Read more](https://ffnews.com/newsarticle/designer-fashion-labels-join-cheddar-to-offer-savings-with-style/) Report author Michael Greenwood explained: “Payment processors, who provide payments acceptance for merchants, should look to offer instant payments integration via a single API. With instant settlement, merchants will receive payments within seconds, reducing payment settlement delays.

Real-time transactions unlocked US$394mil of additional economic output e-Payment adoption key focus area in Financial Sector Blueprint 2022-2026.

The central bank believes that the high usage of e-payment acts as a catalyst for micro businesses (such as a nasi lemak street vendor) to move to e-payment, resulting in a virtuous and cashless supply chain ecosystem. The train for greater e-payment adoption has definitely left the station and is moving full steam ahead. In its pursuit of greater e-payment adoption, BNM also places equal importance on awareness and education initiatives to build public resilience against scams and fraud attempts. The campaign aims to create awareness among consumers and small businesses of the various e-payment initiatives. In the 2021 Real-Time Report of Payments by ACI Worldwide, a US-based real-time payments provider, Malaysia was rated the third fastest growing market for real-time payments with a CAGR of 83.9%. Among the e-payment services that contributed to this include: As the previous goal of achieving 221 e-payment transactions per capita in 2021 has been successfully achieved, the new goal now is to increase the number of e-payment transactions by at least 15% annually which translates to more than 400 e-payment transactions per capita by 2026. Clearly, the benefits of e-payment is far reaching. BNM and the financial industry partnered to initiate a five-year-long e-payment campaign called BNM has been rolling out various policies to keep Malaysia ahead in the adoption of e-payment products and services. This includes greater awareness on the safety features of payment products and how it benefits users. Yet, quietly and without fuss, Bank Negara Malaysia (BNM), Malaysia's central bank, has been the enabler for e-payment adoption for years.

KUALA LUMPUR: CIMB Group Holdings Bhd will be reactivating its financial obligation payment relief under the CIMB Flood Relief Assistance Plan to individual ...

“We deeply empathise with those who have been severely impacted by the recent floods. In a statement, it said CIMB Bank Bhd and CIMB Islamic Bank Bhd would provide a six-month payment relief on loan and financing products for individual and SME/business customers who have been impacted by the flood to help ease their financial constraints. [CIMB Group Holdings Bhd](/business/marketwatch/stocks/?qcounter=CIMB) [ will be reactivating its financial obligation payment relief under the CIMB Flood Relief Assistance Plan to individual and business customers that have been affected by the recent floods.](http://charts.thestar.com.my/?s=CIMB)

This experience may sound familiar if you have bought items on Zalando, a popular e-commerce clothing retailer in Europe that has turned its try-before-you-buy ...

Intergiro, a leading European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb.

This partnership represents a significant step forward in creating sustainable financial ecosystems that empower individuals to make a positive impact on society and the environment. Intergiro’s regulated services are offered exclusively via API, covering the entire payment value chain, and are backed by a Swedish electronic money (EMI) license. This partnership marks a significant milestone towards the launch of Retreeb’s sustainable payment solution and reinforces its commitment to value redistribution and corporate social responsibility (CSR), supported by Intergiro’s innovative embedded finance technology.

Global Subscriptions and Recurring Payment Market Report 2023: Subscription Economy is Set to See a Surge in Growth Post Covid-19, With Consumers Shifting ...

European BaaS platform Intergiro has teamed up with Swiss payment solution Retreeb to launch a sustainable payment solution across Europe.

Intergiro CEO Nick Root said, “We are excited to be working with Retreeb and committing our efforts into creating more sustainable payment options. Intergiro’s services are offered via API and cover the entire payment value chain and are backed by a Swedish electronic money (EMI) licence. This will enable the PayTech company to create Euro accounts for its users and offer an enhanced payment experience.

A spokesperson for Fuel Poverty Action, a campaign group that has been pushing for the government to ban forced prepayment meters, accused UniHomes of ...

Following this, Lord Justice Edis, who oversees the courts in England and Wales, ordered magistrates to stop hearing applications from energy firms to forcibly install prepayment meters. George says he and his housemates have complained to UniHomes around ten times, sending the firm pictures of bills they’ve received. The news prompted Ofgem to order all energy companies to suspend forcible installations. The letter said Scottish Power had applied for a warrant to fit a pre-payment meter and that they would be charged £150 for the court case. Predatory middle-men like UniHomes have pocketed cash while allowing students to be disconnected during winter,” the spokesperson said. George told openDemocracy they find the uncertainty “very stressful and unsettling”. But in December, six months after he moved out of the property, Toni, the head tenant in the former house share, received a letter from debt collectors acting on behalf of Shell, who said he owed £620. “They have offered us a one-month refund on the direct debit (£76 each) which is good but it’s hardly a lot. The household decided to sign up for UniHomes’ fixed-price package. But Lucy and her housemates remain frustrated at how they have been treated by UniHomes. The students were unable to get through to UniHomes, as its customer service office is closed on weekends. “We felt just incredibly uneasy and uncomfortable that people had been in our home without our permission,” Lucy told openDemocracy.

Rise in the usage of voice commands by customers to perform activities, such as paying for shopping and utility, is expected to propel the market in the ...

By automating and integrating travel, payment, and expense management, companies can create simplified, proactive solutions.

The payment becomes your expense management, and the policy is embedded together. “But there’s a tremendous value proposition that these new solutions are bringing to the industry — merchants, their clients, service providers like us, and the traveler.” With these trends converging, there’s an urgency for companies to keep up, addressing automation needs so that their own systems can use the tools and data they’re getting from suppliers. In addition, more and more companies are exploring solutions and services where travelers do not have to use personal cards for business trips. Companies can also input the cost center and billing details ahead of time so that costs don’t have to be allocated after the fact. Historically, the root of the challenge for expense management has been the lack of integration among different systems and processes. One key advantage of virtual cards — which can be deployed during a trip booking or before a start of the trip as a unique card or payment token via a user’s mobile phone — is that they’re flexible. By automating and integrating payments, policy, and expense reporting, “you’ve turned the whole process upside down,” said Singh. “Expense management is a reactive process,” said Ajay Singh, vice president, digital payment and expense product development at BCD Travel. The winds of change are blowing in corporate travel and expense. Corporate card users who’ve adopted this technology in their personal lives now expect the same simplicity and ease of use when they travel for work. The shifting tech landscape has led corporate travel and finance managers to an inflection point as well.

Online payments have become increasingly important in today's digital age for both businesses and consumers. Accepting and processing online payments, ...

Finally, payment aggregators play an important role in streamlining online payments for both businesses and consumers. The future of payment aggregators seems to be uncertain. Payment aggregators use advanced fraud detection and prevention measures to reduce the risk of chargebacks and fraud. Payment aggregators help to streamline online payments in a variety of ways, including: They act as a go-between for businesses and payment processors, making the process of accepting and processing payments easier. This information can be used to optimize business operations and the online payment process. With crypto and Web3, users will be able to make payments directly from their wallet without having to go through any intermediaries. Payment aggregators play an important role in streamlining online payments and making the process more efficient for everyone involved. This means that there are several points of failure, and the fees associated with using these services can be quite high. This data can be used to reconcile transactions, track revenue, and spot anomalies. They also adhere to industry standards and regulations such as PCI DSS, which ensures that businesses process payments in a secure and compliant manner. Online payments have become increasingly important in today's digital age for both businesses and consumers.

The consumer expenditure on the top 100 subscription apps of both the App Store and Google Play also experienced a significant rise in growth rates between 2020 ...

Mobile payments have transformed the way we do business, making it easier and more convenient for people to purchase goods and services from anywhere in the ...

Mobile payment technology has changed the way we do business by providing convenience, speed, and flexibility. This adds an additional layer of security to the mobile payment process. This ensures that any known security flaws are addressed, making it more difficult for fraudsters to exploit the system. Fraudsters may try to deceive users by sending false information or making minor changes to payment information. Because of its high level of security, biometric authentication is becoming increasingly popular in mobile payment apps. Before making a mobile payment, make sure the seller is genuine. To protect both consumers and businesses from these threats, mobile payment security is critical. As such, this lead to a heavy bolstering of mobile payments’ security. Here are some prevention tips for mobile payment fraud: This makes mobile payments more susceptible to fraud. As a result, it is critical to put in place security measures to ensure the safety of mobile payment transactions. When dealing with traditional payment methods, such as credit cards, there are established processes in place to detect and effectively prevent fraud.

LEADER of Opposition Hon Matthew Wale has described a payment of more than SBD $20 million made to Government MPs and certain companies in late 2022 as 'an ...

Such large sums of money, transferred directly to MPs reflect no regard for any accountability of public money,” Hon Wale said. He said this shows the further deterioration in the management of public finances. Hon Wale made the statement based on the manner in which these funds were reportedly distributed, coupled with the nature of some of the businesses that received the payments.