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Flutterwave has partnered with Acquired.com to help users process domestic card payments on Send App, Flutterwave’s flagship remittance product. Leveraging Acquired.com’s payment processing expertise, Send App will offer faster and more secure outward remittance transactions for UK and EU cardholders sending money to their business partners or loved ones in Africa. A pivotal aspect of this partnership involves Acquired.com’s work with Flutterwave on payment optimisation. This entails tailored analysis, presenting results, and offering recommendations to enhance Flutterwave’s processing capabilities further and streamline the customer journey. These recommendations, combined with the introduction of intelligent BIN routing through Acquired.com’s multiple acquiring connections, have resulted in a frictionless customer experience. https://lnkd.in/ejmb9q9Q #payments #paymentstalk

UPI has transformed the entire digital payments ecosystem. Launched by the National Payments Corporation Of India (NPCI) in April 2016, this payment system allows customers to make payments from one bank account to another instantaneously. The UPI QR (Scan & Pay) is a digital payment acceptance channel displayed at the merchant establishments to facilitate the transactions by scanning the QR Code from any UPI-linked mobile app. 🌟Key UPI Features: ✅ Instant 24/7 mobile money transfers, even during holidays and after banking hours. ✅ Lightning-fast transactions, perfect for quick and easy payments. ✅ Seamless integration of banking features that enable hassle-free fund routing and merchant payments. ✅ Enjoy rewards and cashback to boost your savings with each transaction. Ready to dive into the future of payments? Discover everything about this UPI phenomenon on our blog: https://lnkd.in/dPjisq6K #Mintoak #MintingTheFuture #UPI #Blog #NPCI #QR #MSMEs #SMEs #DigitalPayments

Fintechs in the West are far from being superapps‼️ True superapps have been around for years in Asia. They don't act as financial marketplaces, such as fintech platforms in Europe. Instead, they cover all aspects of customer journey. Every touchpoint and need is met within the app itself, making it super convenient to chat, send money, book trips, order products, etc. In order to engage users more, Alibaba has an excellent Reward program that incentivizes users to spend money within the app, rather than going to a specific provider. I attached the Forbes article by the brilliant Meaghan Johnson in the comments below. Check out Bank on Digital episode 2 where we discussed open banking and superapps. David Jimenez Maireles found this perfect visual to explain true superapps. #fintech #openbanking #digitapbanking #finance #bankingindustry

In today's digital world, the demand for super apps is on the rise. These all-in-one platforms offer a wide range of services to users, from social networking and e-commerce to financial services and ride- hailing. They have become an essential part of our daily lives, providing convenience, efficiency, and simplicity in one place. However, designing a successful super app is not an easy task. It requires a deep understanding of user behavior, market demand, and technological capabilities. It requires designing an ecosystem that can accommodate a variety of services and integrate with external systems seamlessly. Check out this great #fintechreport by Khaled Sayed below👇 And follow this guy for more great updates👌 #bankingapp #superapp #digitalbanking #challengerbank #neobank #banking #bankingindustry #fintech #fintechindustry #financialtechnology 

Visa+ teaming up with PayPal and Venmo to revolutionize the P2P digital payment game. This innovative service ensures quick and secure fund transfers between digital payment apps, with millions of U.S. users benefiting from the partnership. This collaboration also widens Visa+'s audience, offering new use cases, including gig, creator, and marketplace payouts. Participating in neo-banks, digital wallets, and other payment applications can allow interoperability, making it easier for users to send and receive payments. With PayPal's recent announcement of Secure Payments, customers can operate their accounts securely with passkeys on popular Mobile devices. Stay tuned for more updates on this game-changing service! #Visa #PayPal #Venmo #digitalpayments #securepayments #fintech

📲 Only four of 17 fintechs are on track to beat total app downloads for 2023 as the growth of smaller neobanks plateau 🔥 Two expecting an increase are savings apps Moneybox (FISV portfolio) and Raisin who are set to see a rise in downloads of 82% and 136% respectively in 2023 Interesting data and article from Sifted here 👉https://lnkd.in/ebnsC2z6

#payments : Decoding Instant Payments. The factor that contributes most to the rate of adoption of instant payments seems to be its #userexperience; specifically in three key aspects which we collectively call: Adoption Boosters. 1. Addressing: The easier it is designed for a user to route a payment (i.e., specify who the recipient is without having to remember complex and sensitive details, such as #bankaccounts and routing numbers), the quicker the adoption is expected to be. 2. Openness: The more options a user has to initiate or receive a payment (i.e., which app can be used to make an instant payment, be it the app of their bank, non-bank, or fintech), the quicker the adoption is expected to be. 3. Payment functionality: The more use cases a user has (i.e., receiving payments, issuing a payment request, paying bills, etc.), the quicker the adoption is expected to be

At ImageNPay we are always Open to new ideas so I am very happy to announce we are now live with Open Banking. The journey I envisaged with ImageNPay from the beginning was always predicated on a plastic free payments ecosystem, leveraging the power of digital in ways no one had done before. During 2023 the the team at EPAM Systems and Nuapay have worked together to ensure ImageNPay customers now have a green path to topping up their card, via Open Banking directly to their ImageNPay digital Mastercard. This comes hot on the heels of our initiative to develop and deliver images created by generative AI to support Plastic Free July and provides an incredibly user friendly interface, meaning you can now definitely leave plastic at home. The journey to an open banking interface was not without some challenges but the time spent by the team to overcome these was definitely worth it. Hope you like it Michael Doyle , Bill Templeton and a big thank you to Robert Craig 🇺🇦 who championed this project and who on more than one occasion has waded into the debate around Open Banking in general. #openbanking #payments #banking #innovation #digital #sustainability #plasticfree

Viva.com, a leading European cloud-based neobank, now enables Dutch merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone and its Viva Terminal iOS App. Tap to Pay on iPhone and the Viva Terminal iOS App allow contactless, instant payment acceptance for products, services and more, elevating the way transactions are made. “Following our UK business customers, we are thrilled to now offer Tap to Pay on iPhone to our Dutch clientele. Netherlands has always been a market fostering innovation on all things payments technology and accepting payments with just your iPhone and the Viva Terminal App is simply game-changing. Payments are made simpler and more efficient, while business operations are streamlined, alleviating from the hassle associated with traditional payments hardware. We are sure our Dutch business customers will appreciate the potential of it all,” notes Dimitris Papaioannou, Regional Director at Viva Wallet. ‣ Source: https://lnkd.in/eiZ_eTut ‣ Sign up for my Digital Banking Newsletter: https://lnkd.in/gQuFt964 #fintech #banking #neobank #payments #contactlesspayments #mobilewallet #mobilepayments #taptopay #fintechinnovation #financialsolutions #financialservices #fintechnews