Payment innovation news stories
Nexio partners with Chargebacks911 to enhance payment platform
This alliance means that Nexio will now utilise Chargebacks911’s end-to-end dispute management offering, while also reaping results for its merchants.
Organisations changing the way they fund technology
Having the right technology has become mission-critical for organisations of all sizes in the digital economy.
Aussie fintech launches revenue solution for MSPs and ISVs
BidFin, an Australian-based fintech, has launched a recurring revenue funding solution for the Australian technology market.
Forter launches Smart Payments offering for digital commerce
2Forter has launched Smart Payments, a new offering designed to increase conversion rates and digital commerce revenue.
Masabi and Fujitsu Australia extend partnership for A/NZ
Masabi has formed a strategic relationship with Fujitsu Australia to deliver the next phase in ticketing and payment innovation to cities across A/NZ.
Kiwibank strikes up partnership with ACI Worldwide
The agreement will see ACI provide and run Kiwibank's newly installed, full capability Payment Hub: a SaaS solution hosted in the Microsoft Azure cloud.
Forrester uncovers top upcoming payments innovations
"Now’s the time to step off that proverbial hamster wheel and assess the many technological innovations that will shape the next decade."
Block completes Afterpay buyout as Square & Cash App first to offer integration
Block, the company behind payment apps including Square, Cash App, Spiral, and TIDAL, is already making the most of Afterpay's buy now, pay later offering.
GPS closes $400 million funding round, brings on new chair
“The upsizing of this latest round of investment is an important step forward for the company and a strong endorsement of our strategy."
COVID-19 drives up digital payments throughout APAC region
"From these solid statistics, we can infer that the pandemic has triggered more people to dip their toes into the digital economy, which may fully dethrone cash use here in the next three to five years.”
Adobe to launch eCommerce Payment Services feature powered by PayPal
"Merchants will no longer have to contend with multiple logins and other disjointed user experiences for their payment processing," the company states.
PPRO integrates Indonesian payment methods Jenius Pay and LinkAja into platform
The integrations will enable international payment companies and merchants to cater to Indonesian consumers’ preferred payment methods, further growing local sales in the market.
Ukheshe and dzcard broaden digital payment solutions for APAC
South Africa-based fintech firm Ukheshe Technologies looks set to expand its reach into the Asia Pacific region, thanks to a partnership with card solutions and security firm dzcard.
$118.5 billion lost in fees due to failed payments in 2020
Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.
WeChat Pay sizes up Oceania merchants to boost growth opportunities
The company says it will commit more resources to help business in Australia and New Zealand transform their businesses.
Australia Post expands payments partnership with Western Union
According to Australia Post, it is the fifth postal organisation worldwide to integrate Western Union’s digital money transfer services.
Financial services company completes funding round, launches to SMBs
Paytron, a financial services business, has raised $4.35 million in its latest seed funding round, with the money going towards helping SMBs better manage their finances.
Traditional banks under pressure to rise to fintech competition
"There is no one-size-fits-all approach, and banks cannot create all digital subsidiaries equally. Players capable of achieving long-term growth and profitability today will be tomorrow's fintech-era success stories."
Software-based facial recognition in payments industry to dominate by 2025
There will be more than 1.4 billion users of facial recognition software used for payments alone in 2025, up from 671 million in 2020.
How e-invoicing works and why it’s essential for business survival
The reasons for implementing e-invoicing centre on unlocking many benefits for all stakeholders by automating previously manual processes, writes MessageXchange managing director John Delaney.
Z Energy chooses TNS to upgrade retail customer experience
Z Energy has partnered with Transaction Network Services (TNS) to upgrade its customer experience with improved payments security and new digital offerings.
2021: the year of a boom in fintech payment innovations
As businesses across the globe assess how they will bounce back and upscale their capabilities, there will be opportunities for the acceleration and adoption of fintech innovation in the B2B space.
DataMesh tech cuts transaction costs with least cost routing
DataMesh sees $500 million per annum reduction in transaction fees for merchants when fully implemented.
Intuit QuickBooks' new ML-powered tool predicts SMB cashflows
Intuit QuickBooks has rolled out a machine learning-based cashflow prediction tool to assist thousands of small and medium businesses with getting back on the road to recovery.