Payment Services Directive

Citi Leads Strategic Investment Round in Colombian Fintech Supra

Retrieved on: 
Monday, December 11, 2023
Finance, Banking, Professional Services, Small Business, Fintech, Payment service provider, Treasury, Israel Tax Authority, Payment Services Directive, Venture, Luigi, IMC, FX, Partnership, Central bank, Growth, Foreign exchange market, Lead, Bank, Drug, Citigroup, Supra

Citi has led a strategic investment round in Supra.

Key Points: 
  • Citi has led a strategic investment round in Supra.
  • Far Out Ventures and H20 Capital also participated in the financing round.
  • Supra is a Colombian fintech that enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import and export activities.
  • The investment was led by Citi’s strategic investments arm, which invests in innovative fintech companies that are aligned to Citi’s core businesses.

Prosus Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Technology, Retail, Food Tech, Other Professional Services, Blockchain, Finance, Electronic Commerce, Restaurant, Bar, Professional Services, Artificial Intelligence, Payments, Other Technology, Internet, Fintech, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered a strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Naspers Accelerates Profitability Target and Delivers on Objectives

Retrieved on: 
Wednesday, November 29, 2023
Food, Beverage, Retail, Automotive, Finance, Internet, Online Retail, Electronic Commerce, Professional Services, Technology, Delivery Services, Fintech, Restaurant, Bar, Publishing, Payments, Advertising, Communications, Media, General Automotive, Apps, Applications, Tencent, Sale, EBITDA, Payment Services Directive, Investment, PSP, Delivery Hero, GPO, Red Dot Payment, OLX, Growth, TPV, AI, PayU, GMV, Video game, Airline, Naspers, E-commerce, Remitly

Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.

Key Points: 
  • Basil Sgourdos, Group CFO, Prosus and Naspers, commented: “The Group has delivered strong financial performance, beating industry levels of growth, while significantly accelerating profitability.
  • Our Classifieds and Food Delivery segments are both profitable, and PayU is making strong progress towards profitability.
  • iFood grew Gross Merchandise Value (GMV) by 15% and revenue by 17%, resulting in a trading profit of US$23m, up 149%.
  • Strong performance by key investments:
    Delivery Hero grew group GMV by 8% in Q2 2023, with H1 revenue up by 27%, boosting profitability to an adjusted EBITDA of €9m.

Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Retrieved on: 
Thursday, October 12, 2023
Cloud, Constellation, NVIDIA, Security, DTX, Canada Post, Ministry, Bureau, Liberty Global, Public sector, Policy, Enterprise resource planning, Bank, Woman, Government, Guaranty Trust Holding Company PLC, Microsoft, ISG, SAP, Payment Services Directive, ICAC, Stark Group, Bendigo and Adelaide Bank, Yoy, Thought, IDC, Rich Products, CFO, Inclusion, Rich's, Microsoft Azure, Infosys, Nuclear Deterrence Operations Service Medal, Trust, CIO, Energy efficiency, ERP, RPC, Growth, Synthetic media, Travel, HFS, US public opinion on the North American Free Trade Agreement, HANA, Airline, Cryptocurrency, Retail, Management, Communications satellite, Hospitality, Adelaide Bank

BENGALURU, India, Oct. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

Key Points: 
  • Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global's digital entertainment and connectivity platforms leveraging Infosys Topaz.
  • By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."
  • Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions."
  • Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers."

Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Retrieved on: 
Thursday, October 12, 2023
Cloud, Constellation, NVIDIA, Security, DTX, Canada Post, Ministry, Bureau, Liberty Global, Public sector, Policy, Enterprise resource planning, Bank, Woman, Government, Guaranty Trust Holding Company PLC, Microsoft, ISG, SAP, Payment Services Directive, ICAC, Stark Group, Bendigo and Adelaide Bank, Yoy, Thought, IDC, Rich Products, CFO, Inclusion, Rich's, Microsoft Azure, Infosys, Nuclear Deterrence Operations Service Medal, Trust, CIO, Energy efficiency, ERP, RPC, Growth, Synthetic media, Travel, HFS, US public opinion on the North American Free Trade Agreement, HANA, Airline, Cryptocurrency, Retail, Management, Communications satellite, Hospitality, Adelaide Bank

BENGALURU, India, Oct. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

Key Points: 
  • Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global's digital entertainment and connectivity platforms leveraging Infosys Topaz.
  • By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."
  • Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions."
  • Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers."

Sutton Bank and Privacy Lock Announce Partnership for Privacy Compliance

Retrieved on: 
Monday, July 31, 2023
Technology, Payments, Security, Fintech, Banking, Professional Services, Software, Internet, Data Management, Partnership, Lock, Congress, DSAR, Health, Payment Services Directive, Operationalization, Self storage, Online shopping, Surveying, Privacy, Sutton Bank

Privacy Lock is pleased to announce it has entered into a strategic partnership with Sutton Bank, an Ohio community bank that is a leading issuer of nationwide payment card programs.

Key Points: 
  • Privacy Lock is pleased to announce it has entered into a strategic partnership with Sutton Bank, an Ohio community bank that is a leading issuer of nationwide payment card programs.
  • Privacy Lock seamlessly implements privacy compliance solutions across markets, automatically adjusting to the requirements of new state or federal privacy laws without disrupting business processes that utilize consumer data.
  • Sutton Bank feels Privacy Lock’s emphasis on privacy compliance that is privacy-minded is a winning approach.
  • Privacy Lock is excited to help usher in that new era.”
    Through this partnership, Privacy Lock will help Sutton Bank’s programs:
    Operationalize privacy compliance across markets.

ECB publishes progress report on digital euro and study on possible features of a digital wallet

Retrieved on: 
Wednesday, April 26, 2023
Payment Services Directive, Technology, European Central Bank, PSD2, Riau rupiah, Internet, Communication, Group, Board of directors, Frankfurt, Payment, Elliott District Community Government Council, ECB, Knowledge, Digital, Reproduction, PSP, Security printing, Clothing, Cryptocurrency, Nightclub, Eurosystem

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    ECB publishes progress report on digital euro and study on possible features of a digital wallet
    24 April 2023
    - Digital euro potentially available initially to euro area residents, merchants and governments
    - Digital euro could be made available via existing banking apps and Eurosystem app
    - Offline and person-to-person payments across euro area seen as highly valued
    The European Central Bank (ECB) today published the third progress report on the digital euro, as well as the findings of focus groups commissioned by the ECB concerning people’s views on the features of a potential digital wallet.
  • In its initial releases, a digital euro would be accessible to euro area residents, merchants and governments.
  • The report also anticipates the potential provision of cross-currency functionalities with other central bank digital currencies outside the euro area.
  • The digital euro project is for the people of Europe”, said Executive Board member Fabio Panetta, who chairs the High-Level Task Force on a digital euro.

Fabio Panetta: A digital euro: widely available and easy to use

Retrieved on: 
Wednesday, April 26, 2023
People, Transfer, Adoption, SEPA, European Central Bank, Letter, PSD2, European Parliament Committee on Economic and Monetary Affairs, European Parliament, Speech, Solution, Economy, Communication, Profile, Central, Public policy, Elliott District Community Government Council, Goal, Board of directors, Treaty on the Functioning of the European Union, Privacy, Frankfurt, Progress, European Commission, Committee, G7, Introductory rate, Payment, Focus group, Executive Board of the European Central Bank, Treaty, Decision-making, Credit transfer, Elcano Royal Institute, ECB, Logic, RDG, Payment Services Directive, Reproduction, PSP, Security printing, Security (finance), Cryptocurrency, Mobile phone, Online shopping, Property management, Eurosystem, European
Key Points: 

EBA identifies fraud in retail payments and over indebtedness as key issues affecting consumers

Retrieved on: 
Tuesday, April 25, 2023
PSD2, European Banking Authority, Industry, Fraud, EBA, Payment, Report, European, Authority, Payment Services Directive, Cryptocurrency, EU

The Report has also identified two issues facing consumers in the EU: fraud in retail payments and over-indebtedness and arrears.

Key Points: 
  • The Report has also identified two issues facing consumers in the EU: fraud in retail payments and over-indebtedness and arrears.
  • These issues will shape the EBA’s consumer protection priorities over the next two years.
  • The Report presents quantitative data for the retail banking products which covers mortgage credit, consumer credit, payment accounts, payment services, electronic money and deposits.
  • All these issues have been identified as key drivers for consumers’ repayment difficulties and, ultimately, over-indebtedness.

Flutterwave Secures Two Additional Licenses in Rwanda: Electronic Money Issuer & Remittance licenses

Retrieved on: 
Wednesday, March 15, 2023
Store, Payment Services Directive, MSME & Startups Forum - Bharat, Business, E-commerce, Banyarwanda, National Institute of Statistics, National bank, GB, Fintech, Agboola, Government, Digital technology, National Bank of Rwanda, News, Cryptocurrency, Bank, Flutterwave

KIGALI, Rwanda, March 15, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has today announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This will help the company expand its operations in East Africa.

Key Points: 
  • Flutterwave's new Electronic Money Issuer license allows the company to acquire all types of payment instruments in Rwanda.
  • The company's new remittance solution enables $end by Flutterwave to process inbound and outbound cross-border transfers in Rwanda.
  • KIGALI, Rwanda, March 15, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has today announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
  • Flutterwave will be deploying a range of products in Rwanda, including Send by Flutterwave , its cross-border money transfer solution.