PaymentsTalk
Wrapping up latest news about collaborative partnerships in payments industry
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
September 2023
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.
August 2023
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.“
August 2023
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.
August 2023
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.
August 2023
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.
August 2023
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."
August 2023
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.
August 2023
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.
August 2023
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.
August 2023
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.
August 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
July 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
June 2023
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.
May 2023
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.
May 2023
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.
May 2023
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.
May 2023
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.
May 2023
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,
May 2023
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.
May 2023
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.
May 2023
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
May 2023
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.
April 2023
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.
April 2023
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.
April 2023
Holland & Barrett Innovates by Adopting Trustly’s Open Banking-Based Payment Method
Trustly has announced its Open Banking-based payment method is available on health and wellness retailer Holland & Barrett’s online store in the UK. The partnership will enable Holland & Barrett to process customer payments using Trustly, which allows consumers to pay directly from their bank account in the checkout.
Holland & Barrett is one of the largest UK retailers to embrace this type of account-to-account payment technology and is Trustly’s first major e-commerce partnership on these shores since its acquisition of UK-based Open Banking platform provider Ecospend.
By implementing the technology, Holland & Barrett says it will solve several payment challenges including refunds, reconciliation, and rising costs relating to payments.
It integrated Trustly’s services into its current infrastructure thanks to the latter’s long-term relationship with Adyen.
April 2023
Shopify And Melio Launch First Fully Integrated Accounts Payable Solution For Shopify Merchants.
Melio, a leading B2B payments platform for small businesses, announced a partnership with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how Shopify merchants pay and manage their business bills.
Through this service, merchants will now have the ability to pay and manage their vendors and contractors in the same place they run their business: through their Shopify admin.
Shopify Bill Pay enables merchants to pay bills with their preferred method (credit, bank, or wire transfer), and allows them to choose the way in which the vendor receives the payment separately (check, bank, or wire transfer).
Merchants will be able to pay their invoices for everything ranging from inventory and shipping to advertising, both in the U.S. and abroad as Melio supports payments to 100 countries.
April 2023
OnBuy Responds To Consumer Demand With The Launch Of Klarna
OneBuy teamed up with Klarna, bringing customers even more choice and convenience at the checkout! This comes as part of a series of improvements to the OnBuy experience, which includes the recent introduction of WorldFirst, Payoneer, and direct bank payments.
OneBuy's recent consumer survey revealed that 1 in 5 people choose to shop with a retailer because they offer their preferred payment method. Partnering with Klarna is a response to the growing demand for a wider range of payment options, allowing us to offer the flexibility shoppers want across over 35 million products on our site.
With Klarna, customers now have the choice to pay in full immediately (Pay Now), spread the cost over three equal payments (Pay in 3), or pay up to 30 days later, without any interest or fees (Pay in 30 Days).
April 2023
Caxton Payments Ltd has acquired nimbl Ltd, the leading young people's pocket money app and card
Caxton Payments Ltd, and ParentPay, the payment system for schools, today announced a major agreement. Caxton has acquired the entire operating business and share capital of nimbl, the pocket money app from ParentPay, expanding Caxton's offering into the fast-growing market of youth money apps and cards.
Founded in 2015 by the owners of ParentPay, nimbl taps into the growing trend of using apps and prepaid cards to teach children and young adults about personal finance. The nimbl platform provides a safe and secure way for parents and carers to give pocket money to their children, while also offering a range of features that help young people learn about budgeting, saving, and spending wisely.
Under the all-cash deal, nimbl will operate as a standalone company within the Caxton group. Alana Parsons will become Chief Executive of nimbl with immediate effect, leading the company as it enters its next phase of growth. She will retain her role as Group Chief Operating Officer of Caxton.
March 2023
TripleA partners with ipaymy to support cryptocurrency payments
Singapore-based expense payment platform ipaymy has partnered with TripleA to support the commercial adoption of cryptocurrencies.
The partnership will allow ipaymy's customers in Singapore to pay their rent, invoices, taxes, and employee salaries with cryptocurrencies, even if their recipient doesn't accept this form of payment.
ipaymy leverages TripleA's white-label crypto solution in order to create a streamlined and simplified payment experience. To be specific, the system allows users to fund a payment through any crypto wallet while the recipient receives the payment directly into their bank account in fiat currency.
March 2023
Conferma Pay and Boost Payment Solutions to transform B2B payments
Conferma Pay and Boost Payment Solutions have committed to developing a virtual payment solution in an extension of their partnership. The partnership seeks to revolutionise B2B payments by replacing legacy systems with a secure, digitised, and automated ecosystem capable of handling unique and high-volume virtual payments.
The collaboration offers a seamless B2B virtual payment platform, combining Conferma Pay’s virtual payment technology with the multi-patented straight-through processing (STP) solution, Boost Intercept. The renewed relationship between the two parties will allow businesses to manage all of their payments onto virtual card-based solutions, where they are easily able to manage all of their outgoing payments in a secure digital environment with risk-free data sharing.
March 2023
Mangopay Acquires WhenThen Payments Technology Company
Mangopay, the platform-specific payment infrastructure provider, announces the acquisition of WhenThen, a Dublin-based payments technology company, which powers payment acceptance and automates payment operations for online businesses worldwide.
With WhenThen’s technology and global connectivity, Mangopay will rapidly scale its entire payment offering to unlock significant value for its existing platform customers, through multi-processor relationships and a greater level of automation.
Through this acquisition, Mangopay continues to strengthen its product capabilities and add new revenue streams by utilising its acquisitions of both WhenThen and Nethone as fully integrated offering.
March 2023
WLPayments Announces Partnership with Truevo to Expand Gateway Solutions
WLPayments, a leading payment orchestration gateway solution provider, has partnered with Truevo, a leading payment industry acquirer, to expand their payment product offering with added features and benefits to their customers across Europe.
With this partnership, WLPayments and Truevo are poised to impact the payments industry significantly. They can offer merchants an unparalleled payment experience by combining their expertise and resources.
March 2023
B2B BNPL player Mondu continues to makes waves as it enters UK market
B2B payments company Mondu is announcing its latest market expansion into the United Kingdom. This is the fourth market where Mondu’s buy now, pay later (BNPL) solution will be available to merchants and businesses. This follows its growth across Germany and its expansion into Austria and the Netherlands in 2022. The company is opening an office in London and hiring a UK team.
Malte Huffmann, co-founder and co-CEO of Mondu, said: “The time is right for Mondu to launch in the UK. UK B2B commerce is the second largest in Europe. There’s a real need for BNPL as we’ve seen through a growing demand from UK businesses for our solutions, since our initial launch. Our payment solutions can help both online and offline companies across Britain provide their business customers with a consumer-like, best-in-class payment experience.”
Mondu empowers business customers to purchase and pay when they want. In turn, this translates to a higher conversion rate and average order value, driving growth for merchants and marketplaces. With an increased demand for a consumer-like experience in B2B, Mondu helps businesses grow.
March 2023
Acquired.com partners with Multipay Global Solutions as its official hardware provider for card terminals
Acquired.com, a UK payments specialist and payment initiation service provider, and MultiPay Global Solutions, a leading provider of payments technology, have today announced a new partnership that sees Acquired.com select MultiPay as the official hardware provider for its in-person payment card terminals.
By partnering with MultiPay Global Solutions, Acquired.com can now offer merchants a streamlined in-person payment option, with MultiPay’s hardware solutions integrating seamlessly into their existing solution. This new offering enhances Acquired.com’s payment system by adding a sophisticated hardware option, enabling merchants to further simplify their settlement process.
As Acquired.com rapidly grows its portfolio in the UK with data-driven, customised payment solutions, the new partnership will enable the company to offer cardholder present hardware to both existing and future customers.
Overall, the partnership between Acquired.com and MultiPay Global Solutions will provide merchants with a comprehensive payment processing solution that maximizes revenue opportunities, enhances efficiency, and simplifies transactions.
As Acquired.com expands its reach in sectors including retail and ticketing, the partnership will help deliver an end-to-end solution for businesses that take payments both in-person and online.
March 2023
NatWest signs deal with OneID to make new digital ID service available to businesses
NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution after signing a deal with identity service provider OneID. The bank is rolling out the service, in collaboration with OneID, across a wide range of use cases, including e-document signing and digital onboarding.
Powered by NatWest Group’s Bank of APIs, Customer Attribute Sharing makes it easy, safe and secure for customers to consent to businesses accessing bank-held data that will help speed up their online experiences – for example, when signing up to new services or buying goods online.
The new service also lets customers digitally verify their details when buying age-restricted services like hiring a car.
Customers can also grant permission for businesses to be instantly notified when they update their details, such as their address, to help ensure their delivery details are kept up to date.
This can reduce the need for customers to fill in lengthy online forms or scan and upload documents, helping them save time and reducing the risk of manual error.
For businesses, Customer Attribute Sharing can speed up and streamline the online experiences they offer their customers. And it can help reduce the risk of fraud by making it easier to verify that customers are who they claim to be.
March 2023
Hokodo & BNP Paribas join forces to launch a Buy Now, Pay Later solution for B2B commerce
Market-leading fintech Hokodo joins forces with French international banking group BNP Paribas to deliver a best-in-class and frictionless B2B Buy Now, Pay Later (BNPL) solution that enables large multinational corporates to provide payment alternatives to their business customers.
Together, BNP Paribas and Hokodo will offer the most complete B2B payments solution available on the market. As a rapidly scaling fintech, Hokodo brings agility and an innovative technology platform to the partnership, which is complemented by BNP Paribas’ broad expertise, financial strength, and unrivalled reputation.
March 2023
UK fintech Weavr acquires open banking platform Comma
UK Banking-as-a-Service (BaaS) fintech Weavr has acquired B2B open banking platform Comma Payments for an undisclosed sum.
The acquisition will see Weavr become the first embedded finance provider to bring Banking-as-a-Service (BaaS) and open banking together into an embeddable payment solution for B2B mass payments.
Comma’s technology allows firms to make bulk payments for processes such as accounts payable and payroll, saving time and labour and cutting the risk for errors.
The acquisition, which is largely equity-based, will see Weavr retain most of Comma’s current workforce, including company CEO and founder Tom Beckenham and chief technical officer Gianluca Pengo.
In February 2022, Weavr secured a $40 million Series A funding round led by Tiger Global with participation from Mubadala Capital, LocalGlobe’s growth stage Latitude fund and previous backers QED Investors, Anthemis and Seedcamp.
Since the Series A, Weavr claims to have more than tripled its user base and experienced a 340% increase in transactions through its platform.
March 2023
Zilch team with Yapily to use open banking credit scores for BNPL lending
Open banking platform Yapily and payments technology company Zilch have agreed a groundbreaking partnership that will provide millions of people with better access to 0% interest swift repayment credit.
The partnership marks the first time Yapily has teamed up with a provider of consumer credit via Buy Now Pay Later (BNPL) and will see Zilch leverage Yapily’s innovative open banking platform and expertise to deliver an even more accelerated and superior credit decisioning process, responsibly, at a time when it is most needed in the lending industry.
By partnering together, Yapily will enable Zilch to access an individual’s risk and affordability profile more accurately than is currently exercised by traditional assessments. This makes it easier to provide Zilch’s 3 million customers with credit options that are tailored to their specific financial situation. This approach will empower individuals to manage their finances better.
March 2023
Spreedly Expands Payment Methods Offered to PayPal Braintree Customers
Spreedly, the provider of the leading Payment Orchestration platform, today announced even more payment method options for customers with the addition of integrations to Venmo, PayPal Credit, PayPal Pay Later, and ACH payments.
These new payment methods are now available to joint PayPal and Spreedly customers processing through PayPal Braintree.
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.
Payments Orchestration facilitates the integration to additional and local payment methods (LPMs), providing a comprehensive set of payment options for global merchants to help reach more customers, lower transaction costs, and improve conversion rates.
"Through our single point of integration, Spreedly provides the capability, along with a wealth of knowledge, to enable customers to select the right mix of payment methods for today's market needs – and prepare for future, unknown needs," explained Randy Guard, chief product and marketing officer with Spreedly. "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."
March 2023
Allica Bank taps SurePay for Confirmation of Payee solution
UK challenger Allica Bank has partnered with SurePay to implement its Confirmation of Payee (CoP) solution which protects customers against fraud and misdirected payments.
With CoP, customers can avoid sending online payments to the wrong person through fraud or human error by verifying the recipient’s name and bank details before the payment is made.
Ravneet Shah, Allica Bank’s chief technology officer (CTO), says CoP “is an invaluable tool for customers, giving them further assurance that their payments will reach their intended recipient."
Allica, a digital native bank, caters to small and medium-sized enterprises (SMEs) in the UK. In December, it raised £100 million in a Series C funding round.
Founded in 2016, SurePay is a European supplier of the IBAN-name check service to almost every major Dutch bank, along with more than 250 companies including insurance firms, pension funds and energy suppliers.
SurePay has been offering CoP in the UK since 2020, with recent clients including Railsr, Virgin Money and Triodos Bank.
March 2023
Newpay Partners With THG to Help Customers Spread the Cost of Online Purchases
Newpay, a digital credit account that spreads the cost of online purchases, has partnered with THG to offer its customers a flexible and regulated way to pay at checkout.
Newpay has been fully integrated into the checkout experience, offering seamless access to credit for customers. The option is now available across several of THG’s brands, including the world’s largest pure play online beauty retailer, Lookfantastic, and the world’s largest direct-to-consumer sports nutrition brand, Myprotein.
With ‘Buy Now, Pay Later’ options increasingly popular amongst consumers, Newpay gives customers the ability to break down online purchases over six months, while undertaking affordability checks to ensure customers are only offered credit they can afford to pay back.
Newpay is provided by NewDay, one of the biggest UK providers of consumer credit with over 20 years of underwriting experience, and is fully regulated by the Financial Conduct Authority (FCA).
March 2023
Boodil and Sticky tie-up makes open banking easy
Manchester open banking payment provider Boodil's technology has been integrated into Leeds’ Sticky’s platform and NFC stickers, which means any merchant wanting to offer in-store or face-to-face payments can do so without needing a card machine or any hardware at all, in less than 10 seconds, via their customers' usual mobile banking apps.
This brings a host of benefits for the merchant from instant settlement of funds (immediate access to their money) to lower processing fees and no chargebacks. For consumers, they get bank level security and get rewarded every time they spend.
There is no contactless limit, allowing consumers to pay quickly for more expensive items at a fraction of the cost for the merchant.
March 2023
Wix and Stripe Bring Tap to Pay on iPhone to U.S. Merchants
Wix, a leading global SaaS platform to create, manage and grow an online presence, announced an extended partnership with Stripe to bring Tap to Pay on iPhone to U.S.-based Wix merchants.
This enables Wix merchants to accept secure, contactless payments directly from their iPhones, without needing additional hardware.
Using the Wix Owner App and a compatible iPhone, merchants can seamlessly accept and process contactless payments through Wix with only an iPhone from contactless credit or debit cards, Apple Pay, and other digital wallets.
Tap to Pay on iPhone provides an accessible and easy way to streamline the payment transaction process and enable merchants to accept payments from anywhere.
This method is a secure and trusted payment experience that provides Wix merchants with more flexibility to confidently grow their businesses, building upon Wix's robust product offerings that help users manage their business at every touchpoint.
March 2023
Expensya Partners With Embedded Finance Leader Swan for Continued European Expansion
Expensya, the European specialist in automated expense and spend management, has partnered with Banking-as-a-Service (Baas) platform Swan, to integrate a new payment functionality into its Software-as-a-Service-based (SaaS) solution.
Through embedding finance with Swan, Expensya has successfully added payment cards to its product and continues on its promise to provide optimal and end-to-end traceability of all business expenses. Extending its core business to launch corporate payment cards will ensure a smooth user experience with Expensya, now addressing the whole expense and spend management journey.
March 2023
Gen Z and millennial budgeting app Buddy is partnering with Klarna Kosma to enable automatic budget tracking
Gen Z and millennial budgeting app Buddy is partnering with Klarna Kosma to enable automatic budget tracking.
The personal finance app, designed to help young people build and share budgets, track their expenses and learn about financial help, has more than three million users and has seen a 52 per cent increase in active customers with Klarna Kosma.
Users can now check their account balance in real-time, monitor their spending and set up payment reminders through the Buddy app, with Klarna’s financial technology platform adding another level of security.
March 2023
GoDaddy and WorldPay team on omnicommerce
GoDaddy and Worldpay have teamed up to launch Commerce 360, an omnichannel solution tailored to the needs of small businesses.
The partnership combines GoDaddy’s omnicommerce solutions with the trusted payments of the world’s largest payment acquirer1 in Worldpay from FIS. Through this collaboration, GoDaddy’s solutions will now be accessible to more merchants through Worldpay from FIS’ large network of merchants and financial institutions. Further, Worldpay from FIS will be able to provide additional smart point-of-sale and eCommerce products to its small- and medium-sized clients.
Commerce 360 is all-in-one omnichannel solution that allows small business to accept payments in any channel. With a custom, curated website and merchant dashboard, small retailers will be able to sell (on-the-go) at events through online marketplaces, as well as through social media. Its efficient setup will also allow merchants to be up and running quickly.
February 2023
Coda Payments has partnered with RegTech provider KYC to deliver straight-through corporate onboarding across APAC
Cross-border payments and solution provider Coda Payments has partnered with RegTech provider KYC to deliver straight-through corporate onboarding across APAC.
Following this collaboration, Coda will incorporate Know Your Customer’s corporate onboarding solutions with its front-end and back-end operations.
It will also use the KYC’s single API to connect to companies’ registries across 127 countries across the world in real-time while retrieving the necessary official documents automatically, extracting vital corporate information, identifying ultimate beneficial owners (UBOs) through documentary evidence as required by regulations, as well as to unraveling complex company chards.
Coda will streamline its due diligence operations on business prospects and clients. The new onboarding process will be instrumental in enabling fast and secure expansion for their client base in multiple Asia-Pacific markets and industries, as well as globally. Moreover, it will focus on providing solutions to offer both improved customer experience and no-compromise compliance.
February 2023
Fingerprints and Flywallet Developing Wearable Biometric Payment & Access Products for Europe
World-leading biometrics company Fingerprint Cards AB (Fingerprints™) and Flywallet, a biometric wearables technology startup, are collaborating to develop and launch biometric wearable products for the European market.
Flywallet has built a range of consumer products that support payments, mobility, access and health use cases in a single ecosystem. Among other uses, its products enable secure payments, ticketing and loyalty services; password-free login to online services; and building and car access control.
The wearable products from Flywallet will now feature Fingerprints’ biometric sensors, software and algorithm benefitting from their ultra-low-power consumption, leading performance, and the company’s years of experience in secure biometrics innovation.
Fingerprints’ sensors are designed to be multifunctional to enable usage across a range of different form factors to enhance the security, privacy and user experience.
February 2023
Napier to provide AML transaction monitoring for Lyra
Financial crime compliance technology specialist Napier has announced a new partnership with Lyra Group, the payment solutions provider, processing over twenty billion transactions worldwide annually.
The partnership will see Napier provide Lyra with advanced transaction monitoring and hosting, and the capability to further scale its business globally.
The new transaction monitoring solution from Napier will help Lyra improve its compliance framework. It will be implemented in two phases, initially using Napier’s existing transaction monitoring rules, before the two organisations collaborate on creating additional rules based on specific typologies tailored to Lyra’s risk profile.
February 2023
Unlimint Adds Mercado Pago to Payment Portfolio Enabling Merchants’ Global Growth
London-based global fintech, Unlimint, has announced it is further expanding its alternative payment methods portfolio with the addition of one of Brazil’s leading online payment solutions, Mercado Pago.
This collaboration will allow Unlimint’s merchants from across the globe to expand to Brazil and offer local customers one of the country’s most popular payment options.
Unlimint is an award-winning global all-in-one fintech offering advanced payment capabilities through an evolving financial interface to startups and businesses across the globe with 16 offices across five continents.
February 2023
Trustly has announced its partnership with booking platform Bokadirekt for instant payments
Following this collaboration, Bokadirekt will offer its traders and merchants revenue collection from their clients in a faster and more efficient way, while using the instant payout services incorporated by Trustly.
By processing instant payouts, traders will have the possibility to access their funds much easier, having access to see and monitor their balance as well.
While leveraging Trustly’s payment infrastructure and suite of services, numerous connected enterprises and businesses such as healthcare services or beauty salons are enabled to receive transactions from customers directly in their bank accounts, in a secure way.
February 2023
SmartOSC and Gr4vy Join Forces To Improve Customer Payment Experience
SmartOSC has officially partnered with Gr4vy, an award-winning cloud-native payment orchestration platform renowned for taking the complexity out of building and managing payment stacks.
SmartOSC has partnered with Gr4vy to ensure that their existing and future clients no longer have to face this kind of complexity alone. Gr4vy’s architecture is built to offer merchants the ability to access multiple payment providers and payment methods through a single integration. Independently of how many providers merchants want to work with, they will only need to integrate with Gr4vy once.
Adding any additional payment method after this first integration requires no more additional development. Their low-code single integration allows merchants to optimise their payments stack and scale their business all in one place.
February 2023
Checkout.com forges partnership with payments fintech NewDay
Checkout.com has partnered with the London-based payments fintech NewDay.
NewDay, which is a leading provider of consumer credit in the UK, has appointed Checkout.com as its payments provider for debit card payments. The deal will see NewDay streamlining its payment process, operations and reporting.
The partnership means NewDay has access to Checkout.com's payment tools through a single technical integration. The fintech company is leveraging Checkout.com’s payment services and revenue optimisation product – including Authentication, Fraud Detection Pro and Reconciliation. Additionally, the move to simplify and streamline payments will deliver cost savings for the business.
February 2023
NetBet Casino UK adds Citizen to providers list
NetBet UK, a leading online casino with over 20 years in the industry, has welcomed Citizen, a new payment solution, to the fold, giving players another option for deposits and withdrawals.
One important way to build exceptional online casino security is to partner with trusted payment solution providers. The most recent addition to their growing list is Citizen, an award-winning provider of instant cardless payments that make depositing and withdrawing funds simple and straightforward.
Citizen’s account-to-account (A2A) payments are backed by open banking technology and use built-in facial biometrics to verify players’ bank accounts for Know Your Customer (KYC), in an instant. Players can securely pay in deposits and withdraw funds that settle immediately, without the disruption of dealing with codes, apps or pins.
With user experience at the heart of everything it does, Citizen is connected to all major UK and European banks. With fast processing times and both deposit and withdrawal limits set at £10 up to £10,000, players at all levels can manage their on-site cash safely.
February 2023
Shieldpay partners with Fenergo to achieve perpetual due diligence and scale operations
Fenergo and Shieldpay announced their partnership. The companies are working together to realise a comprehensive CLM system and perpetual risk monitoring, as Shieldpay scales its operations.
Shieldpay provides secure B2B payments to legal and professional services firms, financial services, and technology platforms, focusing on high value and high-volume transactions. To date, Shieldpay has processed over $5bn of corporate funds for litigation settlements, M&A deals, real estate and secondary transactions through its digital platform.
Fenergo’s Software as a Service (SaaS) CLM and transaction monitoring solution enables Shieldpay to consolidate real-time client KYC and AML data in one platform, achieving perpetual customer due diligence and supporting ongoing regulatory policies. With this in place, Shieldpay can manage a fully digital due diligence process, which will streamline internal operations and allow for faster onboarding of new clients.
February 2023
Trustly and APEXX Global partner to offer modernised recurring payments experience
PEXX Global, the multi-award-winning Payment Orchestration Platform, has partnered with Trustly, the global payments platform for digital account-to account (A2A) transactions, to offer Trustly’s recurring payments method to merchants across global markets.
Trustly’s solution, provided through APEXX Global’s orchestration platform, is set to transform the Direct Debit experience for APEXX merchants and customers. The payment method boosts conversion rates, reduces payment errors, and lowers costs. Trustly’s solution creates mandates instantly, using innovative Open Banking APIs without additional account verification or manual handling.
Through this partnership, merchants can access a more cost effective and efficient alternative to the manual Direct Debit mandate setup. The scalable, recurring payments method is available to EU and UK merchants.
In an immediate testament to the new partnership, APEXX and Trustly have announced that they have delivered the sustainable and scalable recurring payments solution to a leading operator in the European travel industry, reducing mandate failure rates to zero.
February 2023
Token goes live with Open Banking payments in Italy
Open banking payment platform, Token, today announces it has added Italy to the growing number of countries in which it offers Account Information Services (AIS) and Payment Initiation Services (PIS).
Token’s customers can now initiate open banking enabled account-to-account (A2A) payments and access aggregated bank account and transaction data for 84% of bank accounts in Italy.
Connected banks include Bancoposta, Intesa Sanpaolo , UniCredit, Banco BPM, Iccrea Group, BPER Banca, Monte Paschi, BNP Paribas, Banco Mediolanum, BNL and Credit Agricole, among others.
February 2023
Unlimint taps Credits to issue Mastercard debit cards in Europe & LatAm
London-based global FinTech Unlimint has announced a partnership with digital neobank Credits, to issue Mastercard debit cards for users in Europe and Latin America.
The partnership between Unlimint and Credits aims to create a unique product that will embody an innovative proposition for crypto users across Europe and LatAm. Users will have the option to spend crypto more conveniently and seamlessly, without having to convert their assets through centralised exchanges.
By leveraging Unlimint’s in-house developed payments infrastructure, Credits can strengthen its offering with an innovative suite of services backed by payment technology. The project will allow cards to be integrated into the Credits app and ordered directly within it.
February 2023
Mobile Commerce Platform Fintiv Partners with Geoswift to Enable Cross-border Digital Remittance in Asia
Fintiv, a leading mobile commerce platform that brings together payments, loyalty programs, and mobile marketing in one place, has partnered with Geoswift, a payment technology company with significant expertise in Asian cross-border payments, to enable digital remittance payments into Asia through Fintiv’s versatile mobile wallets.
The partnership will provide Fintiv’s customers the unique capability of making person-to-person or business-to-business payments into China, India, and many other Asian countries, directly from wallet accounts.
With Geoswift’s superior geographical reach through its “GeoRemit” product line, Fintiv’s payment platform can now connect to an extensive number of domestic banks or mobile wallets in Asian countries and territories. For example, payments can be delivered instantly to either the UnionPay debit/credit cards or Alipay wallets of beneficiaries in China.