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BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have opted to collaborate with supposed rivals. Afterpay, for instance, has introduced the Afterpay Plus card, a contactless Mastercard product, and Klarna extended its popular “Pay in 4” service into a physical Visa card format.…
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Today, three of the world’s largest financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – released a paper on the state of the industry’s digital asset evolution. The paper calls for increased collaboration to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment, limited integrations with institutional-grade payment rails and siloed liquidity – all limiting factors to…
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The Capgemini Research Institute’s 2023 World Payments Report, published today, reveals non-cash transaction volumes will reach 1.3 trillion by 2023 globally. As consumers and businesses adopt new digital payment schemes, the report suggests this growth will accelerate to 2.3 trillion by 2027 growing at a rate of 15% annually. At a regional level, digital payments will grow by 19.8% across…
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Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, announces a technology partnership with Atlanta-based Repay Holdings Corporation (NASDAQ: RPAY)(“REPAY”), a leading provider of vertically-integrated payment solutions, to enhance the payment experience within Quadient’s cloud-based accounts payable (AP) automation solution. REPAY serves multiple Business Payments verticals in North America, including retail…
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VizyPay, a payment processing fintech that serves small businesses in rural America, announces its strategic partnership with Clear Lake Bank & Trust. Unified by a shared mission to uplift small businesses, this partnership will provide Clear Lake Bank & Trust customers access to VizyPay’s cost-effective and user-friendly payment technologies. Through this relationship, Clear Lake Bank & Trust’s small business customers…
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E-Invoicing Exchange Summit Europe: ViDA and the Major Industry Trends, Challenges and Opportunities
European Commission’s VAT in the Digital Age (ViDA) proposal and its effects on how to issue, exchange, process E-Invoices, and on how to report VAT data will be at the centre of discussions at the E-Invoicing Exchange Summit in Dublin from October 2 to 4, 2023. The presentations and the discussions with international high-level experts will shed light on how…
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Breaking industry barriers again, accounting automation software leader BlackLine, Inc. (Nasdaq: BL) announced a five-day implementation for midsize companies. With BlackLine 5-Day Fast Track, new customers can ‘Go live in 5’ and be up and running on BlackLine’s market-leading financial close management platform in time for their next month-end close. Midsize organizations often don’t have the time or resources to…
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Ximedes, a European software firm active in the field of fin- and faretech with offices across the continent (Haarlem, Hamburg, Stockholm and Novi Sad) announces its acquisition of Ginger, the leading Amsterdam-based online payment platform provider. Ximedes, established in1998, builds bespoke software, focusing on Open Banking and Open Public Transport systems. In the past few years, Ximedes has done a…
© Swiss Payment Forum
On November 13 and 14, 2023, the Swiss financial service industry will meet at the Swiss Payment Forum in Zurich to discuss the latest developments in finance and payments. The growing presence of Embedded Finance, the integration of financial services into the customer journey by third-party providers, opens an enormous growth market. Embedded Finance offers multiple opportunities to include financial…
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AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX), an innovative Fintech company powering seamless commerce between business and consumers, today announced the Company’s patent licensee PayToMe.co was named the winner of a Bronze Stevie® Award in the 20th Annual International Business Awards® (IBA), alongside global powerhouses like Amazon and IBM (US), TELUS (Canada), Turkcell (Turkey), and Rakuten (Japan). PayToMe.co won the “Tech Startup…
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The global market for payment processing solutions achieved a size of approximately USD 46.81 Billion in the year 2021. Forecasts from Emergen Research project a robust compound annual growth rate (CAGR) of 13.9% in revenue throughout the projected period. This analysis underscores the significant momentum in the market, attributed primarily to the escalating adoption of mobile payment applications. Mobile wallets,…
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‘CRIF and Anonos – an innovator in enterprise data privacy, security andenablement, partner to deliverdisruptive privacy-enhancing technologies for protecting personal and sensitivedata. The collaboration brings together industry leaders committed to delivering cutting-edge solutions for data-drivenenterprises. In regulated environments such as finance, the potential for innovation in AI model development is often hindered bydata privacy risks and biases inherent in real-world…