Wrapping up latest news about collaborative partnerships in payments industry
Syngrafii Enhances Identity Verification Capabilities Through Integration with Trulioo Identity Document Verification
Syngrafii, a leading provider of innovative next-generation e-signature solutions, today announced the integration of Trulioo Identity Document Verification into its iinked Sign™ and Video Signing Room™ (VSR) platform.
This strategic integration enables the virtual confirmation of signatories’ identities in one unified platform, significantly elevating trust and confidence in the signing process compared to two standalone e-signature and Identity Verification (IDV) processes.
Syngrafii has selected Trulioo, a global leader in identity verification, as a valued integration provider, leveraging the cutting-edge Identity Document Verification capability to enhance the identity verification process. By seamlessly integrating Trulioo identity verification and credential analysis capabilities with the iinked Sign™ and VSR™ platforms, users experience a heightened level of assurance in the authenticity of signatories.
3S Money Partners with Napier to Scale for Financial Fairness
Napier, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform of choice for the groundbreaking payments platform at the forefront of the fintech revolution, 3S Money.
Napier will provide its Transaction Screening, Transaction Monitoring, and Client Screening modules, within the Napier Continuum platform, to 3S Money. This is aimed to fortify 3S Money’s dedication to nurturing a dynamic ecosystem of ambitious businesses securely with:
Real-time, accurate screening;
Multiple screening configuration capabilities;
Easy integration via APIs to Napier platform;
Sandbox environment for effective rule-building.
Since its inception in 2018, 3S Money has grown immensely, processing over $5.9 billion in client payments worldwide since inception. Currently supporting transactions in 190+ countries and access to 65+ currencies, it needed a compliance solution that could scale with its business. The collaboration reinforces their dedication to delivering reliable financial access and a faster service, enabling clients to conduct global transactions with ease.
Stripe and Vesta Partner to Increase Authorizations and Stop Fraud
Vesta, a leading transaction guarantee platform, announced a partnership with Stripe, a financial infrastructure platform for businesses, to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions.
Under the partnership, Vesta Payment Guarantee™, which provides 100% indemnification from fraudulent chargebacks, will incorporate Stripe Radar risk scores to offer a comprehensive fraud and revenue protection option to increase transaction approval rates and thwart first-party and third-party chargebacks. This is particularly attractive to merchants who are at-risk due to high fraud or excessive disputes. Merchants can access Vesta Payment Guarantee on Stripe App Marketplace in H1 2024.
Second, Vesta will integrate Stripe Connect, which lets businesses facilitate purchases and payments between third-party buyers and sellers. With Stripe Connect, Vesta merchants and their customers will have a holistic solution that mitigates fraud and risk while processing payments quickly and securely.
Afterpay Partners with Rokt to Expand Ads Business and Offer Shoppers More Relevant Ecommerce Experiences
Rokt, the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in "Buy Now, Pay Later" payment.
The partnership enables Afterpay to offer its ecommerce shoppers highly relevant offers at checkout, which creates a more relevant and engaging shopping experience while driving new revenue and deepening customer lifetime value.
Leveraging Rokt’s ecommerce solution, Afterpay and its thousands of retail partners, are empowered to deliver targeted, relevant and seamless advertising experiences to customers during the checkout flow.
Alipay+ partners with Yapily for open banking payments in Europe
Alipay+ has partnered with Yapily to explore the application of open banking on various mobile payment platforms and enhance connectivity between consumers and merchants globally.
The partnership will catalyse the deployment of a more convenient and secure payment option for millions of European consumers, in addition to the 1.4 billion consumer accounts already connected by Alipay+ across Asia.
Enabled by Yapily’s open banking infrastructure, consumers who bank with European financial institutions will be able to make cross-border payments to Alipay+ merchants across the world directly from their bank accounts.
The introduction of such account-based payments is expected to streamline Alipay+’s payment process and bolster trust for merchants. Based on Yapily’s open banking payments infrastructure, the partners will jointly develop new solutions to provide the premise for merchants to increase transaction value by engaging customers throughout the buying journey and connecting them to promotions and other value-added services.
For merchants, Yapily’s open banking payment’s structure will offer the scalability and resilience to deliver service excellence to consumers, as well as the business agility required to further innovate in the payment and retail sectors globally.
Ecommpay partners with GoCardless to add direct debit capabilities to its range of payment methods
Bank payment company GoCardless and leading international payment service provider and UK & Europe direct bank card acquirer Ecommpay have announced a partnership which will see the latter add direct debit to strengthen its payment offering.
The collaboration will allow businesses to access bank payments in over 25 countries directly within the Ecommpay platform.
Thanks to GoCardless Embed, a white-label integration, Ecommpay merchants will soon be able to tap into direct debit capabilities in over 25 countries within a platform they already know and trust. This will help them grow in their existing markets while providing the ability to expand into new verticals and use cases where bank payments are preferred.
Wise Platform Partners with Agoda to Revolutionise Payments for travellers worldwide
Wise Platform, has joined forces with Agoda, a digital travel platform, to provide faster and more convenient payment options for travellers worldwide.
With this partnership, Agoda customers will be able to receive cashback directly into their local bank accounts in just a few clicks, all within the Agoda app.
By integrating the power of Wise’s global payments network through its easy-to-use APIs into Agoda’s platform, Agoda’s customers around the world can now leverage faster, lower-cost and more transparent international payments directly from the Agoda platform, providing greater choice and convenience for travellers.
Mangopay and Aria partner to transform the payment experience for B2B marketplaces
Mangopay, a platform-specific payment infrastructure provider, announces a new partnership with Aria, a leading provider of deferred payment infrastructure for B2B marketplaces and platforms.
The collaboration aims to empower B2B marketplaces and transactional Software-as-a-Service (SaaS) companies with robust tools to manage their payments and credit efficiently.
This arrangement not only increases sales volume but also supports cash flow management for both sellers and buyers. Additionally, it allows marketplaces to own their customer experience and provide a highly tailored checkout process, per the report.
The partnership between Mangopay and Aria demonstrates their commitment to driving payments innovation for B2B marketplaces, the report said. By combining modularized marketplace payment infrastructure with comprehensive credit solutions, the companies aim to empower marketplaces with better control over their payment strategies and more access to trade credit.
Rebel Energy expands relationship with GoCardless, using payments as a tool to transform the energy sector
GoCardless, the bank payment company, is expanding its relationship with challenger energy supplier Rebel Energy to shake up the energy industry with a new approach to payments and customer experience.
Rebel Energy has now added Success+, a feature that uses proprietary GoCardless machine learning models to automatically optimise failed payment retries, to the services it uses from the fintech. This will help Rebel Energy better identify customers that may be experiencing financial difficulty, enabling the company to not only work with those that need greater flexibility around their payment plan, but also prevent any disruption in service.
The new contract builds on a relationship which began in 2021 when Rebel Energy selected GoCardless to collect payments via Direct Debit. Not only did the energy supplier and its customers appreciate the transparency and control that came with knowing the exact timing and amount of a payment, using GoCardless has also allowed Rebel Energy to scale efficiently: despite their customer base growing 200x over two years, the number of people in their finance team only increased from one to four.
JCB expands partnership with stripe to boost e-commerce merchant acceptance in Europe, Singapore and Hong Kong
JCB International Co., the international operations subsidiary of JCB Co., Ltd., and Stripe, a financial infrastructure platform for businesses, today announced that they will expand partnership for Europe, Singapore and Hong Kong.
The collaboration will provide new growth opportunities for all of Stripe's e-commerce merchants in those areas by welcoming JCB's valued cardmembers.
Since the launch of their initial partnership was established for the Japanese market in July 2017, JCB and Stripe have worked hand-in-hand to strengthen this collaboration into other regions, from the US and Canada, to Australia and New Zealand. In this latest extension, Stripe has also added JCB to its default payment scheme for merchants in the UK and Ireland in August 2023, and for merchants in other European countries, Singapore and Hong Kong in October 2023.
BR-DGE joins forces with Sift to offer merchants market-leading fraud protection
Leading payment orchestration provider BR-DGE announced its latest partnership with Sift, the leader in Digital Trust & Safety, to support merchants in the fight against payment fraud.
This new partnership will give BR-DGE merchants access to Sift’s machine learning platform for fraud and risk decisioning via BR-DGE Connect, its payments ecosystem connectivity tool.
By working together, merchants will be able to benefit from the combined integration of payment orchestration, network tokenisation, and a complete fraud prevention platform. Harnessing both BR-DGE Vault, a state-of-the-art Network Tokenisation product, and Sift’s AI-powered decisioning engine, together will create a more secure and seamless payment experience for merchants and consumers.
With BR-DGE payment orchestration, merchants can ensure sensitive payment data is encrypted for the full end-to-end payment lifecycle through BR-DGE Vault, offering faster review times, higher conversion rates, and improved decision accuracy. This is further enhanced by Sift’s extensive platform of fraud management tools, providing merchants with a highly secure, frictionless checkout experience.
Shift4 Completes Acquisition of Finaro to Accelerate European Expansion and Enhance eCommerce Capabilities
Shift4 a global leader in integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank with a large European presence.
The completion of this acquisition significantly expands Shift4’s total addressable market both in terms of geographic coverage and industry verticals.
Finaro will provide the global infrastructure and cutting-edge technology needed to drive Shift4’s international expansion into Europe and beyond. In addition to expanding Shift4’s geographic footprint, the acquisition will enhance the company’s cross-border ecommerce capabilities to deliver a unified global payments platform for merchants and partners around the world.
This acquisition not only augments Shift4’s ecommerce offering, but will also enable Shift4 to soon offer its card-present technology across Europe – including the company’s SkyTab restaurant point-of-sale system and VenueNext stadium solution. In parallel, this acquisition will provide Finaro’s merchants and partners access to a US- based solution to help them grow into new markets in North America.
Payoneer and Etsy partner to make it easier for sellers in emerging markets to get paid
Payoneer, the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced a collaboration with global online marketplace Etsy, to support its bespoke seller offering, Etsy Payments.
The collaboration will enable Etsy to streamline payments to sellers and help create economic opportunities to more entrepreneurs in emerging markets. Etsy Payments is the core of Etsy’s payment technology and enables flexible and secure payments infrastructure to both buyers and sellers.
The collaboration between Payoneer and Etsy will utilize Payoneer’s global infrastructure to offer greater services and seamless payouts to sellers in the currency of their preference. It will initially be launched in Ukraine and Thailand, followed by India, Japan, Argentina, Chile, and Peru by the end of 2023.
Thought Machine & Form3 partner on real-time payment processing
Thought Machine has partnered with Form3 to add FedNow, TCH RTP, and SEPA Instant Credit Transfer connectivity to its payment platform, Vault Payments.
This partnership brings together two next-generation payment solutions, offering banks and financial institutions an end-to-end solution for seamless real-time payment processing.
Thought Machine’s Vault Payments is a cloud-native and API-enabled platform designed to simplify payment processing for banks. Its Universal Payment Engine processes all payment types and seamlessly integrates with any method, scheme, or region globally, granting total payment orchestration control with unparalleled customisation of payment flows.
Through the integration of Vault Payments with Form3’s account-to-account platform, clients can harness the powerful configuration capabilities of Thought Machine, in conjunction with Form3’s direct connections to various payment schemes.
Both Thought Machine and Form3 have built their platforms using cloud-native technologies, guaranteeing reliability, scalability, performance, and disaster recovery as core capabilities. Additionally, both platforms natively support ISO 20022 messaging standards, eliminating the resource-intensive migration process for banks.
Hokodo and Balance to extend cross-border payment terms
UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has partnered with US-based B2B payments platform Balance.
According to the official press release, the partnership seeks to establish a one-stop shop for payment terms so that global B2B companies can extend flexible payments to customers spanning Europe and North America.
Hokodo and Balance to extend cross-border payment terms
UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has partnered with US-based B2B payments platform Balance.
According to the official press release, the partnership seeks to establish a one-stop shop for payment terms so that global B2B companies can extend flexible payments to customers spanning Europe and North America.
Token.io announces Scandinavian expansion with Paysafe
Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark, and Finland. The FinTech now offers Account Information Services (AIS) and Payment Initiation Services (PIS) services in these regions.
This unlocks new opportunities for Payment Service Providers (PSPs), including payment platform Paysafe, which has expanded its coverage with Token.io to offer consumers and merchants a frictionless service in Denmark.
Paysafe’s A2A payment capabilities (also known as Pay by Bank) allow customers to pay merchants securely and directly from their bank account using their online banking to authenticate the payment. The purchase or account top-up takes place immediately and directly through the website or the gateway of the merchant.
Stripe embeds A2A payments in checkout with TrueLayer
TrueLayer has become the first European open banking payment option listed on Stripe’s Payment Element, an embeddable UI component for checkout pages used by thousands of merchants around the world.
Stripe is to provide customers of European merchants with the option to ditch card-based payments in favour of open banking linked transactions through an embedded checkout integration with TrueLayer.
Consumers will be able to select open banking payment at checkout, after which they will be redirected to TrueLayer’s payment page to confirm their payment either within their bank app or online bank account..
Airwallex Signs Definitive Agreement to Acquire Mexico Payments Company MexPago
Airwallex, a leading global payments and financial platform for modern businesses, today announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject to regulatory approvals and customary closing conditions.
This acquisition will enable Airwallex to expand its financial infrastructure into Latin America and advance its mission to empower and support businesses to grow and operate across borders. It is an important part of Airwallex’s broader growth strategy in the Americas, where the company has seen more than 460% YOY revenue growth.
NMI acquires Sphere's commercial division
Commerce enablement technology company NMI has acquired the SphereCommercial Division to simplify payments for partners and to strengthen its risk management offerings.
Following this announcement, the acquisition is set to strengthen NMI’s underwriting and risks management offerings, as well as to give its partners and collaborators (such as independent sales organisations, fintech innovators, or independent software vendors) the possibility to design merchant accounts with the existing platform of the company.
In addition, by incorporating Sphere’s Commercial Division in its suite of solutions, NMI will allow its clients to monetise more value chain by providing additional payment capabilities to their traders and merchants. As NMI’s partners will be enabled to use their own merchant accounts just as before, the possibility to create new merchant accounts will also allow them to deliver an improved flexibility and security in order to meet the needs, expectations, and demands of their traders and users.
The terms of the acquisition are undisclosed, and the process will not affect any of the other entities of Sphere. The employees of its Commercial Division will be included in the NMI community.
Noda and Tickets Travel Network Forge Partnership for Seamless Travel Payments
The global open banking provider Noda has joined forces with Tickets Travel Network, a frontrunner in the European online travel market, to facilitate instantaneous open banking payments within the travel industry.
Tickets Travel Network, known for its extensive service across various European locations, including Latvia, Lithuania, Estonia, Netherlands, Spain, Italy, Austria, Germany, France, and Poland, has now integrated Noda’s robust Open Banking platform. This integration facilitates secure and direct account-to-account (A2A) payments, providing a seamless payment experience for travellers.
With an acceptance rate of around 90% in most of the serviced regions, this collaboration ensures a high throughput of payments, making transactions smoother for millions of travellers.
Scalapay joins forces with RegTech Fourthline for a state-of-the-art regulatory solution
Scalapay, among the pioneers of the Buy Now Pay Later sector, and backed by its new regulatory status as a payment institution, is strengthening its commitment to regulatory compliance by establishing a strategic partnership with Fourthline, a leading RegTech provider for financial players in Europe.
As a regulated financial institution, Scalapay constantly strives to ensure compliance with ever-changing regulatory requirements in all the European countries in which it operates.
By partnering with Fourthline, Scalapay has acquired a robust technology capable of guaranteeing compliance over time, and adapting to the changing European regulatory landscape.
Fourthline offers banks and fintechs a range of solutions enabling them to carry out KYC (Know Your Customer and AML (Anti-Money Laundering) procedures automatically and in compliance with local requirements, to verify customer identity and prevent money laundering. Its proprietary technology uses artificial intelligence techniques, including computer vision, biometric data analysis and optical character recognition.
Yoti releases new Digital ID app with Lloyds Bank
Yoti has released a new Digital ID app with Lloyds Bank. Lloyds Bank Smart ID, gives people a more private, secure and convenient way to prove their age or identity.
This follows the £10m investment Lloyds Banking Group made in Yoti earlier this year. The investment supported the development of a new, reusable digital identity app to help combat the growing risks of identity fraud. Identity fraud is currently one of the biggest fraud threats to the UK public.
Lloyds Bank Smart ID is a reusable Digital ID that allows people to share specific information with businesses. This includes name, date of birth or an ‘over 18’ proof of age. The information is shared without having to show physical identity documents or share an excessive amount of personal data.
The app is built using Yoti’s technology, which is certified to meet the highest security and privacy standards. This includes ISO 27001 and 27701, and SOC2 Type II. The free app is available to UK residents.
Mangopay, VTEX to facilitate digital transactions for businesses
The aim of this joint venture is to extend an integration that will enable marketplace operators to cover both payin and payouts via a single solution. This is expected to further aid the growth of global marketplaces by ensuring positive buying and selling experiences.
Context-wise, the solution introduced by the partnership comes amidst an impending recession worldwide – which has determined retail businesses to intensify their platformisation efforts. Consequently, the demand for external expertise that can help navigate intricate business models and dynamic customer demands has reportedly increased. The new solution made possible by the collaboration between Mangopay and VTEX comes to address this challenge.
Following the partnership, VTEX-powered marketplaces are anticipated to be able to cater to local payment preferences. This capability is facilitated by Mangopay's modular global payment infrastructure. The new integration purportedly also introduces a seller onboarding process that includes identity verification.
iStudio and crypto payment gateway Triple-A announced a partnership
In a sign that digital asset players are starting to make their way into the mainstream market here, Singapore’s biggest Apple products reseller will let customers make payments with cryptocurrencies.
iStudio and crypto payment gateway Triple-A announced a partnership that will allow customers to buy merchandise using cryptocurrencies at selected iStudio stores.
The roll-out will begin at stores across Singapore, including malls such as Jurong Point, Tampines Mall, Changi Airport Terminal 3, Paragon and NEX. The integration of Triple-A’s crypto payment options will help it reach out to a fast-growing segment of tech-savvy customers, iStudio said.
Centiglobe and Zimpler partner to improve innovative cross-border payment solutions
Zimpler, a fintech company providing seamless and secure account-to-account payment solutions, and Centiglobe, a front-runner empowering smart DLT (Distributed Ledger Technology) cross-border payments, are entering a partnership to enable companies to innovate their cross-border payments capabilities to become predictable, instant, automated and secure globally.
By leveraging Zimpler’s instant payment capability and access to local accounts and Centiglobe’s payment rails, the partnership will enable unique solutions to specific segments, such as cross-border factoring, as well as broader innovative cross-border payment capabilities.
In May, Zimpler announced its launch of instant cross-border payouts, allowing customers to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or complex administrative work. As a next step, the partnership between Zimpler and Centiglobe will further enhance Zimpler’s cross-border payments capabilities, and enable instant payouts globally.
Payoneer and Airbnb Expand Long-Term Relationship to Allow Hosts in Additional Countries to Get Paid in Local Currency
Payoneer, the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, has extended and expanded its strategic partnership with Airbnb. Payoneer is a preferred payment provider for Airbnb across multiple countries, enabling Hosts to get paid quickly and locally.
Payoneer’s platform connects businesses around the world through a scaled infrastructure and a global, resilient network of bank partners. This not only allows Airbnb Hosts in such locations to get paid locally but also to access and spend funds in a variety of ways, among other benefits.
IKEA Partners with Afterpay to Offer Its First-Ever Buy Now, Pay Later Program
IKEA U.S. introduces its first-ever Buy Now, Pay Later (BNPL) program in partnership with Afterpay, providing increased financial accessibility through a budget-friendly payment option for shoppers. Afterpay “Pay in 4” service is now available nationwide in-store and online at IKEA.com for all U.S. customers.
IKEA U.S. and Afterpay partnered to enable financial freedom and affordability to today’s consumers who prefer to pay over time. IKEA continues to provide a seamless and affordable shopping experience for the many, while also providing high-quality products and services.
Afterpay’s interest-free product allows customers to pay in four payments over a six-week period with no credit impact to customers for eligible orders. This omnichannel partnership enables customers to shop for IKEA home products and choose Afterpay’s flexible solution at checkout. In-store customers can scan a QR code to download the Afterpay app or log in to their existing Afterpay account and add the payment method to their virtual wallet.
Wirex leverages Polygon CDK for its payment-focused App Chain
UK-based crypto payments platform Wirex has revealed that it will leverage the Polygon CDK (Chain Development Kit) to build its upcoming App Chain.
This strategic move aims to position Wirex at the forefront of the evolving landscape of crypto payments by harnessing the technological progress offered by the Polygon blockchain protocol.
Wirex's choice to employ the Polygon CDK, an openly accessible codebase designed for launching Ethereum Layer 2 (L2) chains powered by Zero-Knowledge (ZK) technology, allows it to establish its own payments-focused L2 solution.
Importantly, all chains created using the Polygon CDK maintain interoperability, ensuring automatic access to the collective liquidity of all Polygon chains and one-click accessibility to Ethereum's comprehensive liquidity pool. Additionally, they provide heightened security through the utilisation of ZK proofs, along with near-instant finality.
Noda selects BVNK to enable stablecoin payments in the UK and EU
Open Banking payment provider Noda has chosen B2B payments platform BVNK to bring stablecoin settlements to the former’s customers across the UK and Europe.
In 2022, Noda began receiving requests from clients for stablecoin settlements due to faster settlement times. At the time of the announcement, stablecoins account for 10% of all cryptocurrencies, as per the press release. While industry volatility in 2022 saw the stablecoin market contract, volumes are almost back at their 2022 peak.
Around USD 30 billion in trades are made every day using stablecoins, with on-chain settlement reaching more than USD 7 trillion in 2022, surpassing the volumes of major card networks.
To meet customer demand, Noda needed a regulated partner that could provide a multi-currency account and enable digital asset payments. Noda selected BVNK and now uses BVNK’s Virtual Accounts and Global Settlement Network to convert 2 million euros into USDT stablecoins every month, to pay out to merchants. Noda has moved 90% of its stablecoin settlements to BVNK’s global payments platform.
Visa partners with Cashflows
Cashflows has extended its partnership with Visa to amplify authorisation rates and provide customers with instant payouts and international payment offerings.
By connecting to Cybersource, one of the products that are included in the Visa Acceptance Solutions, customers and clients of Cashflows will be enabled to access a new community of partners and an ecosystem of services. This will give Cashflows the possibility to scale faster and deliver an improved overall user experience, while also increasing reach.
The partnership is set to increase the merchant authorisation rates of Cashflows, while also looking for new ways to meet the needs, preferences, and demands of the company’s collaborator and trader community. Moreover, it is set to recognise the importance of lost revenue that comes from card declines, updating automatically the customer credentials while also refreshing across channels in order to protect the card on file and recurring transactions.
Zip Partners with Global Payments Leader Primer to Accelerate U.S. Growth and Market Share
Leading digital finance innovator Zip Co has announced a strategic partnership with Primer, the unified infrastructure for global payments and commerce, to expand and optimise its payments stack, as Zip further accelerates its growth opportunity in the US market.
The announcement follows Zip’s recent year-end results, which revealed record transaction volumes (TTV) of $8.9b (up 7.0% YoY) and record group revenue of $693.2m (up 16.1% YoY). In the US, Zip exited FY23 with positive cash EBTDA on a sustainable basis.
Primer unifies payment and commerce services while delivering a powerful set of payment recovery, success and insights tools to provide businesses with unrivaled flexibility and visibility across their payments lifecycle. They will support Zip to access and connect new card acquirers and processors, fraud and communication tools to boost top line, while leveraging features such as fallbacks to reduce operational costs and build for contingencies.
The partnership with Primer will further drive distribution of Zip’s BNPL offering, lender WebBank, with plans for Primer to also add Zip as a payment option, enabling merchants across retail, fashion, travel and mobility industries to add Zip to their payments stack with just a few clicks.
Affirm partners with Booking.com
Payment network Affirm has announced its partnership with Booking.com in order to provide travelers and customers with improved and flexible payment options.
Throughout this partnership, Affirm will be available at checkout across several Booking Holdings travel brands, while expanding on existing collaborations with KAYAK, Agoda, and Priceline at the same time.
By selecting Affirm at checkout, Booking.com clients are set to have the option to select a personalised payment plan that will be designed to work best for their budget, with the option to pay over time in either monthly or bi-weekly payments. The integration of Affirm will give travelers the opportunity to book now and pay over time, with the assurance that they will not pay more than they agreed at the moment of the checkout.
The partnership aims to provide merchants with the possibility to have increased overall sales, average order values, and conversions, as well as to reach new clients around the world. Booking.com will also join Affirm’s network of traders, which includes worldwide companies and businesses.
Trustly joins forces with SlimPay to revolutionise the recurring payments experience
Trustly, a Stockholm-based global payments method has Parisian recurring payment collection startup SlimPay in a deal worth €70 million according to Bloomberg.
The acquisition sets the stage for Trustly to expand beyond account-to-account (A2A) payments and will leverage SlimPay's SEPA direct-debit capabilities, specifically in the realm of recurring revenues, i.e. subscriptions, expertise.
"We are thrilled that SlimPay is joining Trustly. SlimPay’s SEPA solution for modern Direct Debit in combination with the optimised experience of Trustly Azura will together be able to revolutionise the recurring payment experience and create a new industry standard," commented Trustly Group CEO Johan Tjänberg. "The addition of SlimPay is fully in-line with Trustly’s strategy to offer a unique 360 degrees embedded experience across all types of digital payments.“
Guavapay partners with Yapily to leverage Open Banking
UK-based fintech Guavapay has partnered with Open Banking platform Yapily to provide a faster experience across the former’s new payment application.
Through this partnership, Guavapay aims to enhance the user experience of its newly launched payment application named MyGuava. Specifically, Yapily's Open Banking technology will be integrated into the MyGuava platform to enable quicker top-up transactions for GBP and EUR accounts from supported bank accounts. Guavapay intends to utilise Yapily's secure Open Banking platform API to provide customers with secure access to and direct transfer of funds from their preferred financial institutions to their MyGuava accounts.
The incorporation of this technology eliminates the need for traditional, time-consuming fund transfer methods involving manual account input. Open Banking contributes to data breach prevention, simplifies the payment process, and conserves time and effort for MyGuava users. Thanks to Yapily's robust API-driven platform, Guavapay can ensure a secure and smooth fund transfer experience for its customers, which has the potential to support customer loyalty.
Teamwork Commerce partners with Adyen to launch Pay by Link solution
Global retail management software Teamwork Commerce has announced the launch of its Pay by Link solution in partnership with fintech platform Adyen.
The joint solution seeks to support an extensive array of omnichannel capabilities for simplified transactions for retailers, with Pay by Link enabling retail customers to pay for items leveraging a secure URL link that is provided by the retailer and powered by Teamwork Commerce.
The payment page operates across an array of devices and can be accessed either through email, separate link, or by scanning a QR code. What is more, the technology also enables consumers to make partial payments rather than full transactions, and accepts all well-known payment methods, including Afterpay, PayPal, and digital wallets.
EchoPay and Token have announced their partnership to bring A2A payments to wholesale merchants across the United Kingdom
Account-to-account (A2A) payments provider, EchoPay, and open banking payment infrastructure leader, Token.io, announced their partnership to bring A2A payments to wholesale merchants across the United Kingdom
Underpinned by Token.io’s best-in-class connectivity for A2A payments, EchoPay enables businesses to accept A2A payments at point of sale, providing an additional low-cost payment option with instant settlement and enhanced security.
Global Cybersecurity Leader VU Joins Forces with NovoPayment to Revolutionize Digital Payments and Fraud Prevention
This partnership between VU and NovoPayment will drive innovation in cybersecurity, allowing both companies to expand their impact on the financial industry. Through the synergy of their technologies and expertise, they will tackle fraud and cybercrime challenges, providing protection and security to millions of users worldwide.
Sebastián Stranieri, founder and CEO of VU, stated: "Collaborating with NovoPayment allows us to expand our vision and address new challenges in the field of cybersecurity in the financial sector. Together, we are committed to generating a positive impact by creating digital solutions to improve the quality of life for citizens and organizations."
Anabel Pérez, CEO of NovoPayment, added: "In the new digital economy, collaboration is key. This alliance will enable us to enhance our payment solutions, providing users with an even safer and more reliable experience. We are excited to work with VU, a leader in cybersecurity, to ensure the peace of mind of our clients in the digital world."
AstroPay becomes Tottenham Hotspur’s Official Payment Partner
Tottenham Hotspur has today announced AstroPay, a leading fintech company and the preferred sports-focused payment solution for millions worldwide, as its Official Payment Partner.
This partnership will enable Spurs fans to take their passion for the Club to a new level. Fans who use the Spurs-branded prepaid card and other AstroPay products will enjoy accumulating AstroPoints with each purchase.
These points open the door to unforgettable experiences, including Premium match tickets, autographed merchandise, Training Centre tours, and even virtual interactions with the manager and players. Additionally, cardholders will have exclusive early access to the upcoming F1 DRIVE – London – a new karting experience set to debut at Tottenham Hotspur Stadium.
Wirex has partnered with security and transaction monitoring solutions provider Sumsub
Through this partnership, Sumsub will provide Wirex with Transaction Monitoring capabilities, Travel Rule compliance solutions for virtual asset transfers, and its KYC (Know Your Customer) software for client identity verification.
The Financial Action Task Force (FATF) mandates that virtual asset service providers (VASPs) adhere to Anti-Money Laundering (AML) regulations to ensure transparency and accountability.
UK regulations, effective from 1 September 2023, fall in line with this. Sumsub's solution facilitates secure Travel Rule information transfers between virtual VASPs, performing necessary KYC checks, AML screening, and verification in line with regulatory requirements and Wirex's needs.
Endava partners with AcceptPayments.com
Digital transformation, agile development, and intelligent automation services provider Endava has partnered with AcceptPayments.com.
This collaboration aims to establish an online comparison marketplace for payment services, changing how businesses discover their Payment Service Providers (PSPs). Small and medium enterprises (SMEs), as well as larger corporations, will gain the ability to assess offers from PSPs related to various payment acceptance methods such as credit cards, Open Banking, cryptocurrencies, and direct debits.
This platform will enable merchants to compare services across different categories, including merchant accounts, card machines, tap-to-pay options, QR code payments, pay-by-link solutions, payment gateways, virtual terminals, and Buy Now Pay Later (BNPL) alternatives for their online, physical store, remote, or multichannel retail operations. Plans are also underway to incorporate a natural language processing tool driven by artificial intelligence technology.
PaymentComponents partners with Brillio
PaymentComponents, a Greece-based B2B AI, payments, and Open Banking solutions company has partnered with Brillio, a global digital technology service provider, aiming to change global payments solutions.
This partnership signifies a step for PaymentComponents in its aim to drive the global adoption of ISO 20022/CBPR+ standards and advance the modernisation of payments through AI/ML-powered financial messaging solutions.
By joining forces, PaymentComponents and Brillio expand Brillio's service portfolio to include the full suite of PaymentComponents products, aiming to reshape the payments landscape.
Know Your Customer teams up with MineSec
Know Your Customer, a regtech company that offers KYB automation solutions, has partnered with MineSec, a white-label SoftPOS solution provider, to enhance the onboarding experience of its SoftPOS solution.
The partnership will allow MineSec and its client base to utilize Know Your Customer's modular compliance technology to verify onboarding merchants in real-time.
This ensures accurate company documentation to identify their ownership structure and unravel ultimate beneficial owners (UBO). Through partnering with Know Your Customer, MineSec will now offer a more dependable and reliable solution to its customers, which will help to contribute to a safe and secure ecosystem for its users on the platform.
Skipify & Amex team up to elevate Shopper Experience at Checkout
Skipify, a fintech company redefining the checkout experience, has teamed up with American Express to connect Amex U.S. Consumer Members' Cards seamlessly into checkout. Skipify's technology, launching exclusively with American Express, identifies select Amex customers via their email address, enabling them to automatically link their eligible Amex Cards to check out with participating merchants.
This solution removes the need for consumers to manually enter their payment and billing details, improving merchant approval and conversion rates.
SEPAexpress and Tink partner to offer a seamless payments journey across Europe
SEPAexpress, a specialised payment provider in account-to-account payments, has partnered with Tink, Europe’s leading open banking platform, to enhance its payment solutions.
Partnering with Tink allows SEPAexpress to offer both open banking data products and payments services to its clients across Europe, showing the value of using a number of Tink’s solutions together.
The German-based B2B payment solution is leveraging Tink’s API to provide Pay by Bank for seamless in-app payments, simplifying the payment process to improve the customer experience and optimise conversion.
SEPAExpress has also now integrated Tink’s Account Check and Balance Check services to optimise its direct debit product and improve success rates.
Account Check works by instantly verifying account ownership using real-time data straight from a user’s bank account, minimising user error in setting up direct debits and significantly streamlining the user experience.
Unlimit announces a global partnership with inDrive
UK-based financial services company Unlimit has partnered with US-based transportation platform inDrive to support the latter’s expansion in new markets.
Through this partnership, inDrive will leverage Unlimit’s proprietary payment infrastructure, and it will gain the ability to process payments in local currencies and via alternative payment methods. According to Unlimit, inDrive is the second most downloaded mobility app in the world, as it provides the mobility needs of users in over 700 cities and across 47 countries.
The partnership between these two entities relates to the way inDrive leverages dynamic pricing. To be specific, the cost of inDrive’s services is negotiated and agreed upon by both passenger and driver. This approach requires flexible payments solutions developed to adapt to local and international markets.
The collaboration with Unlimit will provide inDrive with access to an advanced proprietary payment infrastructure that supports different payment methods, including global and local card schemes, mobile and cash payments, direct transfers, and digital wallets.
3S Money has joined forces with TransferMate
3S Money announced partnership with the leading B2B global payments and Infrastructure as a Service (IaaS) company, TransferMate - A partnership which brings together two industry leaders determined to revolutionise global business payments for a faster, more secure and more accessible service.
This partnership will strengthen 3S Money Foreign Exchange proposition and expand its global reach, giving clients access to over 70 currencies across the Middle East and North Africa, the Asia Pacific region and many more.
The partnership will provide businesses with a single solution for cross-border transactions, worldwide. This means less hassle, fewer administrative obstacles, and more opportunities for growth.
TotallyMoney partners with data intelligence platform Bud
TotallyMoney has selected data intelligence platform Bud Financial (Bud) to power its new service which empowers consumers to proactively stay on top of their finances, using AI models to analyse their full financial data made available by open banking.
The partnership will enable TotallyMoney to leverage Bud’s AI capabilities to launch an AI-powered payments tracker, helping UK customers protect their credit scores and their finances.
TotallyMoney will use real-time open banking data to come up with productive insights, while its customers can use the bill and payment tracker to keep an eye out for upcoming payments.
Wix announces new partnership with payment provider Exactly.com
Exactly.com, the specialist open banking payment solutions platform, has officially partnered with Wix, a leading global SaaS platform to create, manage and grow an online presence, providing Wix’s UK merchants access to Exactly.com’s full service offering.
Through the partnership, Exactly.com will provide Wix’s UK merchants to conveniently manage transactions, schedule customisable payouts, promptly process refunds and chargebacks, accept payments from desktop or mobile, and have access to robust payment security as well as 24/7 customer support.
Through the partnership, Exactly.com will also improve merchant checkout conversions by offering a quick and easy UX via different channels, including online checkout, payment by SMS, chat or email, and QR codes for static or dynamic payment content – reducing payments to just three clicks.
Nuvei and Plaid extend partnership to new regions and eCommerce verticals.
Nuvei Corporation and Plaid, a data network that enables consumers to connect their bank accounts to more than 8,000 apps and services, announced an extension of their existing global partnership to support a wider range of businesses with accepting bank-based payments for multiple use cases, including recurring payments and payouts, and to serve additional verticals within the eCommerce landscape, such as utilities and B2B.
Nuvei and Plaid are also announcing an intention to scale their partnership globally before the end of the year. Nuvei’s global reach, including local acquiring in 47 markets, combined with the Plaid network which covers 12,000 financial institutions across the US, Canada, UK and Europe, will enable businesses in multiple regions across the globe to enhance their online checkout through offering best-in-class, pay-by-bank experiences.
Convera Chooses Temenos to Modernise Payments in the Cloud
Temenos announced that Convera, the largest non-bank global B2B payments provider, has selected Temenos Payments Hub running in the Temenos Cloud to modernise its payments infrastructure.
The move to Temenos Software-as-a-Service (SaaS) will help Convera to drive efficiency in payment processing from inbound funding to outbound disbursements and massively scale with the aim to double its payments volumes in the next five years and expand its payment rails.
Temenos SaaS will help enable Convera to compete in the highly dynamic payments market. Convera will overhaul its payments engine by progressively replacing legacy systems with Temenos’ robust, scalable platform to standardise its international commercial payments on a single platform.
Total Processing partners with Token.io for A2A payments
Payment processor Total Processing has announced a partnership with A2A payment infrastructure provider Token.io to offer Open Banking-enabled payments to European customers.
Having a goal of providing the latest technology to its merchants, Total Processing is set to leverage Token.io’s extensive connectivity network and strong platform which offers a fast and efficient way for payment providers to launch Pay by Bank as a core payment method.
The announcement further highlights that the collaboration between the two companies marks a milestone within the payment industry, as Open Banking-enabled payment capabilities are more sought after due to their speed, security, and convenience.
By combining Total Processing’s expertise in payment solutions with Token.io’s extensive Open Banking platform, merchants can benefit from improved payment experiences that help drive business growth.
TISE announces partnership with Shieldpay
The International Stock Exchange (TISE) and Shieldpay, which specialises in high-value B2B payments, have announced a partnership that promises to transform private market trading with automated payments.
TISE recently launched a private market platform, TISE Private Markets, to give small and medium-sized enterprises and their investors a viable alternative to traditional market infrastructure providers.
The platform provides SMEs with a suite of trading, settlement and registry management services, revolutionising the way private market transactions are conducted.
Shieldpay’s all-in-one digital payments platform facilitates seamless and secure high-value, complex transactions, bringing enhanced value to the payment process for TISE Private Markets.
With streamlined verification checks, safeguarding of funds and automated payouts, Shieldpay will enable efficient, cost-effective and secure transactions for customers of the TISE platform.
Pleo extends partnership with Yapily to instant, seamless wallet top-ups.
Pleo has extended its partnership with Yapily to automate account top-ups as it expands into Europe and adopts Variable Recurring Payments (VRPs).
In September 2022, Pleo partnered with Yapily to create a seamless and instant payment experience for finance teams when topping up their Pleo wallet. Through Open Banking, Pleo eliminates the lengthy, manual payment process that adds user friction and creates unnecessary cash flow uncertainty for businesses.
Worldpay from FIS and HSBC UK team up with Visa to allow merchants to accept instalment payments in the UK
Global financial technology leader FIS has announced a partnership with Visa to enable eligible Worldpay from FIS UK merchants to accept payments using the Visa Instalments checkout functionality for the first time.
Worldpay is the first merchant acquirer to offer Visa Instalments as an option at checkout in the UK whilst HSBC UK becomes the first card issuer in the UK to offer the service to its credit card customers.
Visa Instalments enables participating Visa card issuers to offer flexible and transparent instalment payment options to their eligible cardholders at the merchant’s checkout.
With demand for BNPL and instalment payments growing, Visa Instalments provides a convenient way for UK merchants of Worldpay from FIS to accept and receive payments online.
Importantly, this solution gives consumers more choice in how they pay online, by enabling a participating card issuer to provide a participating cardholder easy access to instalment payment options with clear repayment schedules shown at checkout – so the cardholder knows what they need to pay and when.
Adyen and Shopify partner to power new payment capabilities for enterprise merchants
Adyen announces a new global partnership with Shopify, a provider of essential internet infrastructure for commerce, to strengthen ecommerce capabilities, simplify the customer journey and solve payment complexity for enterprise merchants.
As part of a multi-year partner strategy, Adyen is supporting Shopify’s expansion into the enterprise segment through diversified commerce solutions for large-scale merchants around the globe to maximize revenue and scale faster.
Adyen’s single platform creates integrated global and agile payment solutions, so merchants can easily provide the best, long-term customer experience without added operational complexity or resource constraints. Adyen’s payment app on the Shopify Payment Partner Platform is expected to be available later this year and enterprise merchants can expect a more flexible approach to their payments experience.
Aryza announces a strategic partnership with Acquired.com
Ireland-based developer of software solutions for the financial services industry Aryza has entered a strategic partnership with Acquired.com.
The primary goal of this partnership is to provide a selection of data-driven collection and disbursement options for lending divisions. Moreover, there are plans to extend this offering to other parts of the Aryza Group, including debt recovery and insolvency.
According to the official press release, offering innovative solutions for the financial services ecosystem is something both Aryza and Acquired.com are familiar with, which is why the partnership between the two entities synergises on multiple levels.
Specifically, businesses using Aryza’s products can tap into Acquired.com’s payment solution to improve their end-to-end payment processes and add automated disbursements that can optimise payments and support collection success.
Ripple Collaborates with Colombia’s Central Bank to Explore Blockchain Technology.
Ripple, a prominent blockchain solutions provider, has joined forces with Banco de la República, Colombia’s central bank, to delve into the potential applications of blockchain technology in the South American nation.
The partnership involves Banco de la República collaborating with the Ministry of Information and Communications to conduct pilot projects using Ripple’s CBDC Platform, aimed at enhancing Colombia’s high-value payment system.
Joe Vollono, Director of CBDC Business Development at Ripple, revealed that discussions with the Colombian central bank had been ongoing for over a year. The pilot initiative is being executed in conjunction with Peersyst Technology, a blockchain technology firm based in Spain.
Tyl by NatWest partners with Discover® Global Network to increase card acceptance options.
Tyl by NatWest has partnered with Discover® Global Network to increase its card acceptance options for Tyl merchants and end consumers. Discover®, Diners Club International® and network alliance cardholders, all part of Discover Global Network, will be able to use their cards and mobile payment products with all Tyl by NatWest merchants.
Tyl by NatWest merchants will automatically be opted-in to accept Discover Global Network as a payments network, offering more choice to merchants and their customers in the way they pay.
By partnering with Discover Global Network, Tyl is enabling merchants to sell their products and services to more international tourists and visitors in more than 200 countries and territories. Discover will be seamlessly integrated into Tyl by NatWest’s product offerings and services, ensuring the process is hassle free, with no additional costs or price changes for merchants.
Tillo and Banked Set to Revolutionise Incentivisation and Payment Solutions.
Tillo, the leading rewards and loyalty platform that empowers innovators to evolve acquisition and loyalty initiatives using the power of digital gift cards, today announced a strategic partnership with Banked, a leading direct bank payment platform, to bring Tillo's rich brand catalogue into Banked's incentivisation and growth strategy.
This turnkey solution for merchants makes it easier for them to test marketing programs and drive customer engagement with new payment methods with no additional integration required.
The collaboration will enable merchants to select from a wide range of branded incentives and set parameters for their campaigns, with Banked handling all fulfilment on behalf of the merchant. Banked also provides campaign analysis to help merchants assess performance and promote the incentive through their marketing channels and site.
Banked's integration of Tillo's digital gift cards will differentiate it from other services and solutions by providing not only a fast, safe, and secure direct bank payment solution but also the tools necessary to drive consumer adoption and awareness of the payment method.
EasySend and Imburse, a DuckCreek Company, Are Partnering to Streamline End-to-end Digital Payment Processes.
EasySend and Imburse, a DuckCreek company, are pleased to announce their strategic partnership aimed at revolutionizing the end-to-end digital payment process.
EasySend is a no-code platform that empowers organizations to transform complex forms, customer data intake, and signature collection processes into easy digital experiences, and Imburse is a global payment orchestration platform.
The combined expertise and cutting-edge technologies of these two industry leaders will provide Insurance and financial businesses with a seamless and efficient payment solution that enhances customer experience and streamlines operations.
BR-DGE and Volt unite to support merchants in fighting payment fraud
Payment orchestration provider BR-DGE has announced its latest partnership with global real-time payments gateway Volt to support merchants in countering payment fraud.
Through a single point of integration, BR-DGE’s merchants can access a world of payment providers, fraud capabilities, and alternative payment methods. This new partnership will enable BR-DGE merchants to benefit from Volt’s Open Banking tool, which connects to over 1,800 global banks and routes payments in real-time.
BR-DGE merchants will also be able to access Open Banking’s fraud prevention tool, Circuit Breaker, which was created by Volt to counter fraudulent activity by identifying and blocking suspicious payment activity.
Klarna and Airbnb offer flexible payments for guests
Klarna has joined forces with Airbnb in a first-of-its-kind partnership to provide guests in the US and Canada with flexible payment options when booking their next stay.
With Klarna’s seamless, sustainable and flexible payment solutions, booking a hilltop holiday home, cozy cabin, or oceanfront oasis has never been more convenient and accessible.
Guests in the US and Canada can now apply to pay for stays in four interest-free installments over six weeks, and for bookings over $500, guests in the US can apply to pay monthly. More markets will be added throughout the year.
Open Banking Pioneer Fabrick S.p.A. Acquires Mobile Commerce Leader Judopay
Fabrick's Payment Orchestra will benefit from Judopay's digital commerce innovation experience as a result of this agreement. Together, they will create new models and standards to give merchants and customers with faster payment options, frictionless operations, and seamless check-out experiences.
The acquisition of Judopay will broaden Fabrick's proprietary technology, allowing the company to better serve merchants by managing all financial and data flows involved in the payments process from a single point, even when accepting payments from multiple gateways.
Guavapay inks acquiring and issuing deal with Discover
GUAVAPAY, a London-based fintech company, and Discover Global Network signed a strategic agreement on acquiring and issuing with processing coming over the next months.
This partnership reinforces Guavapay’s overall strategy of broadening the payment methods and increasing acceptance for cards that run on the Discover Global Network.
Guavapay will offer its customers debit and prepaid cards that will run on the Discover Global Network, as well as enable merchants to accept Discover, Diners Club International® and network affiliate cards for payment.
Nexi partners ITAS Group for the launch of ITAS Pay
Paytech Nexi has announced a partnership with Italy-based insurance company ITAS Assicurazioni to launch ITAS Pay as part of the latter’s digital transformation journey.
Launched with the support of the Nexi Group, the new payment institution is set to provide customers with services and solutions tailored towards the support of the sale and marketing of insurance policies.
ITAS Assicurazioni Italy’s oldest insurance company, in line with its Industrial Plan, continues its strategic path of pushing towards digital innovation and launches ITAS Pay,
BR-DGE partners American Express for Open Banking
Payment orchestration provider BR-DGE has announced a partnership with American Express aiming to improve the Open Banking capabilities for merchants.
BR-DGE’s Partnership Program brings together more than 300 payment providers and technology solutions to enable merchants to optimise their payments stack, access up-to-date payment innovations, and benefit from payment orchestration.
The collaboration with American Express is set to improve the merchant and consumer experience of payments by providing an Open Banking solution that is both ‘frictionless’ and secure.
Barclays partners with TransferMate to provide an international receivables payments solution for UK businesses
TransferMate and Barclays have announced a new collaboration that will bring an international receivables solution to the market, to help UK businesses reduce transaction costs and save time.
Barclays clients operating in GBP will now be able to invoice their customers in their clients’ local currency in over 60+ currencies and 67 countries - receiving the payment back into their GBP account at the exact amount requested. Manual reconciliation is eliminated as all payments are automatically matched to the invoiced amount.
Klarna announced Partnership with Homebase to make it easier for customers to make their home and garden dreams a reality.
Klarna announced partnereship with home and garden experts Homebase to make it even easier for customers to make their home and garden dreams a reality ⚒️🪴
‘’ We're proud to be partnering with Homebase, combining our joint commitment to quality and customer satisfaction to make shopping easier, smarter, and more convenient.’’ Klarna commented
Onfido unveils identity verification service for Salesforce Financial Services Cloud
Onfido announced that its Real Identity Platform services are now available for Salesforce Financial Services Cloud customers.
Financial Services Cloud customers now have access to a suite of Onfido’s services, including Onfido’s library of global identity verification tools, Studio, Onfido’s identity orchestration product, and Atlas AI, Onfido’s anti-bias artificial intelligence software.
These tools can be integrated with Onfido’s Smart Capture Link, enabling Salesforce customers to use low-code technology to more quickly verify the identity of prospective and existing customers.
Klarna's payment options are now available online at Matalan in the UK!
Klarna announced partnership with Matalan UK to bring our payment solutions to their customers.
As one of the UK's leading omnichannel clothing and home value retailers, Matalan offers an extensive selection of fashion for all the family as well as a broad range of homeware accessories and furnishings including furniture, which you can now shop and enjoy a more flexible and convenient way to pay!
ble global PSPs and merchants to expand into India’s e-commerce market by offering UPI.
PPRO signs strategic partnership with NPCI International
PPRO, a digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.
By connecting directly to UPI via PPRO’s digital payments infrastructure, international payment service providers enable merchants to tap into India’s huge online consumer base easily and securely, without the need for setting up a legal entity in India, settlement to an India-based bank or for uploading invoices to clear funds.
For consumers, this means they can seamlessly make cross-border purchases in Indian Rupees using their favourite payment method.
The announcement follows the signing of a memorandum of understanding by both parties in 2021 when PPRO was first mandated by NIPL to enable global PSPs and merchants to expand into India’s e-commerce market by offering UPI.