Local and alternative payment methods such as immediate bank transfers, card payments and e-wallets, will be incorporated into the remittance services. The initial implementation will focus on key markets such as Chile, Mexico, Argentina, Brazil, Panama and Peru, with great possibilities of expansion to other countries.
The top destinations for outbound Chinese travelers based on total Alipay spending are Hong Kong SAR, Japan, Macao SAR, South Korea, Thailand, Malaysia, Singapore, France, Canada, and Italy. Inbound travel to China saw a remarkable boost, with both the number of transactions and total spending by travelers using their 13 home e-wallets supported by the Alipay+ solution rising by over 100% year-on-year. Data from Alipay and other Alipay+ partner payment apps indicates a notable increase...
New platform enhances app customization, supports member-centric banking
34% of Consumers Have Seen Offers to Participate in Payment Fraud Online, Nearly Double 2024 Figure
Nammu21, a platform transforming syndicated loan and private credit documents into data lakes of digital tokenized data, today announced it has secured new strategic investments from Nasdaq Ventures, State Street Corporation, and UBS. Existing investors include Citi, Humla Ventures, Galaxy Ventures, as well as other market leading digital platforms. Using its proprietary framework called the NEL Protocol, Nammu21 enables financial institutions and private credit funds to extract key provisions and map data connections from syndicated...
Presented by The Asian Banker, the award recognises the Bank’s customer and product growth and continuous innovation in making digital banking accessible, effortless, and secure for MSMEs
AI-driven generative search engines are reshaping banking, enhancing customer interactions and operational efficiency for financial institutions.
KCB Bank Kenya and UnionPay International (UPI) have partnered to enhance e-commerce payment capabilities in Kenya, enabling UnionPay cardholders to transact seamlessly on digital platforms. This collaboration marks a significant advancement in digital payment capabilities, aimed at enriching the online shopping experience for consumers and merchants across Kenya. “We are delighted to join hands with UnionPay International to enhance our e-commerce payment solutions. This partnership reinforces our commitment to providing secure and efficient digital payment services that cater...
Fintech startup recognized for embedded marketplace helping community financial institutions improve loan acquisition and member growth
9Spokes, a leading global data platform, announced the launch of its new Cashflow forecasting product, an advanced tool designed for integration within the digital platforms of financial organizations. This new offering provides small and medium-sized businesses (SMBs) with automated, predictive cashflow management and forecasting capabilities. A recent study highlighted that 70% of SMBs operate with less than four months of cash reserves, with 60% spending upwards of five hours weekly managing multiple cash flow tools. 9Spokes’...
