Instant payment

Brazilian Fintech CloudWalk Reports $320.5 Million in Revenue and $22.3 Million in Profits in 2023 as it Prepares for U.S. Launch

Retrieved on: 
Thursday, March 7, 2024
Instant payment, POS, AI, IOS, Growth, Prince Alexander von Fürstenberg, SAO, City, Smartphone, Android, Luigi, Instant, Artificial intelligence

Amidst a challenging macro environment for startups, the Brazilian unicorn reported a net income of $22.3 million, with its revenue run rate approaching $400 million.

Key Points: 
  • Amidst a challenging macro environment for startups, the Brazilian unicorn reported a net income of $22.3 million, with its revenue run rate approaching $400 million.
  • "As the first Brazilian company to offer tap-to-pay on both iOS and Android devices, we quickly became the market leader.
  • "In 2023, our clients saved over $150 million without needing to purchase a POS machine for card payments."
  • Furthermore, CloudWalk has plans to launch the same solution in the South East Asia and Middle East markets.

ClutchBet Integrates Instant Payments Including an Enhanced RTP Solution and FedNow with Pavilion Payments

Retrieved on: 
Tuesday, December 12, 2023
Technology, Casino, Gaming, Entertainment, Payments, Acquisition, DBA, Payment, FedNow, Instant payment, VIP, RTP, Bank, Pavilion

Pavilion Payments , the leading omnichannel payments provider exclusively serving the gaming industry, announced that ClutchBet , a subsidiary of BlueBet Holdings Limited, integrated Pavilion Payments’ enhanced withdrawal product with Instant Payments, which includes Real Time Payments (RTP), FedNow and Same Day ACH solutions.

Key Points: 
  • Pavilion Payments , the leading omnichannel payments provider exclusively serving the gaming industry, announced that ClutchBet , a subsidiary of BlueBet Holdings Limited, integrated Pavilion Payments’ enhanced withdrawal product with Instant Payments, which includes Real Time Payments (RTP), FedNow and Same Day ACH solutions.
  • ClutchBet integrated Pavilion Payments’ innovative Instant Payments technology to initiate and settle payments instantaneously.
  • Pavilion Payments’ Instant Payments solution allows casino operators to meet the evolving consumer demand for faster payments.
  • Pavilion Payments sends patrons a confirmation email with their instant transaction, providing peace of mind that their payments are secure.

Brazil's Pix Revolutionizes Digital Payments Landscape and Inspires LatAm Growth

Retrieved on: 
Wednesday, December 6, 2023
ACI Worldwide, UPI, Pix, Global Payments, Payment, Cropping system, Friends, Annual report, Instant payment, Central bank, Central Bank of Brazil, AOV, Consumer behaviour, Beyond Borders, COVID-19, Mobile, Cryptocurrency, Online shopping

CURITIBA, Brazil, Dec. 6, 2023 /PRNewswire/ -- In Kano, Nigeria, a student hops on a bus to meet friends after school. In Bangalore, India, a business owner refills a prepaid cell phone. In Belo Horizonte, Brazil, a football fan grabs a quick bite outside the stadium while waiting for the game to kick off. Unbeknownst to them, they are all integral players in the ongoing instant payments revolution. People have seamlessly embraced various instant payment methods, with NIP in Nigeria, UPI in India, and Pix in Brazil emerging as the standout choices for their daily transactions.

Key Points: 
  • Projections indicate that this figure will soar to 511.7 billion by 2027, reflecting an impressive compound annual growth rate of 21.3%.
  • "Pix is considered UPI's young brother," says Paula Bellizia, President of Global Payments at EBANX.
  • And just like India inspired Brazil, Pix is now spreading the idea of instant payments across Latin America.
  • In 2020, instant and real-time payments had only a 16% share of digital commerce in Latam.

BILL Delivers the Only Platform for SMBs that Integrates Category-Leading AP, AR and Spend and Expense Solutions

Retrieved on: 
Thursday, September 7, 2023
Professional Services, Payments, Technology, Finance, Software, Digital Cash Management, Digital Assets, Transfer, Spend, Mr. Billings Spends His Dime, Accounts payable, Failure, Calendar, AP, Luigi, ACH, Multimedia, Pulse, Customer, Love, Instant payment, CAS, Console, NYSE, AR, International Payments Framework, Automation, Online shopping, Bank, Bookkeeping, Video game, Nightclub, Divvy, BILL

BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced the new BILL Financial Operations Platform for SMBs that integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.

Key Points: 
  • BILL (NYSE: BILL), a leader in financial automation software for small and midsize businesses (SMBs), today announced the new BILL Financial Operations Platform for SMBs that integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.
  • With this announcement, BILL is delivering the most comprehensive capabilities for SMBs to optimize and manage cash flow within a single platform.
  • “By delivering ongoing innovation in our platform, BILL continues to transform the way SMBs and accountants use financial automation to succeed.
  • Accountant partners of BILL will be able to access BILL’s integrated financial operations platform of AP, AR, and spend and expense solutions through a new Accountant Console.

Citi Makes Strategic Investment in Rextie, Peru’s Leading Fintech for FX Services

Retrieved on: 
Thursday, August 24, 2023
Banking, Professional Services, Finance, Lead, ISI, Instant payment, Pulse, FX, Knowledge, Growth, Entrepreneurship, Automation, Financial services, Bank, Cryptocurrency, Citigroup

Citi, a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peru’s leading fintech for FX services.

Key Points: 
  • Citi, a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peru’s leading fintech for FX services.
  • The investment makes Rextie Latin America’s first FX fintech to receive an investment from one of the largest banks in the world.
  • Citi’s cutting-edge FX technology will also be integrated into Rextie’s currency exchange services.
  • The investment was made by Citi’s Institutional Strategic Investments (ISI) arm, which invests in innovative fintech companies globally that are strategically aligned to Citi’s institutional businesses.

RYVYL Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
Workforce, Partnership, LLP, SEPA, Blockchain, Advertising, Interim, Q&A, Marketing, Sales management, American Samoa, Android, Instant payment, BAAS, IOS, Visa, EBITDA, Traction, Simone Edwards, European Economic Area, FX, SAN, Optical disc image, Longest increasing subsequence, Payments Council, Depreciation, Growth, Single Euro Payments Area, Cryptocurrency, Fine chemical, Financial services, Security (finance), Video game, Insurance, EU, Gateways, EEA

SAN DIEGO, CA, Aug. 14, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation capabilities to conduct payment transaction, has provided its financial results for the second quarter 2023.

Key Points: 
  • Revenue increased by $7.9 million, or 113%, to $14.8 million for the quarter ended June 30, 2023, from $6.9 million for the year-earlier quarter.
  • The change in net revenue was primarily attributable to significant growth in processing volume from our acquiring business, RYVYL EU and American Samoa in the second quarter of 2023, compared to the year-earlier quarter.
  • Gross margins increased to 41% in the quarter ended June 30, 2023, compared to 39% in the year earlier quarter.
  • Management will host a conference at 4:30 p.m. Eastern Time on Monday, August 14, 2023 to discuss second quarter 2023 financial results, provide a corporate update and conclude with a Q&A session.

LGT Private Banking Selects CYBERA's Anti-Money Laundering Solution to Bolster Security Measures

Retrieved on: 
Monday, July 10, 2023
Instant payment, Entrepreneurship, AML, Partnership, Data, Royal family, LGT, Cryptocurrency

VADUZ, Liechtenstein and ZURICH, July 10, 2023 /PRNewswire-PRWeb/ -- CYBERA, the leading provider of advanced cybercrime reporting and prevention solutions announces today a strategic partnership with LGT Private Banking, a leading international private bank owned by the Princely Family of Liechtenstein.

Key Points: 
  • CYBERA, the leading provider of advanced cybercrime reporting and prevention solutions announces today a strategic partnership with LGT Private Banking, a leading international private bank owned by the Princely Family of Liechtenstein.
  • Recognizing the need to continually enhance their anti-money laundering (AML) controls to protect their customers, LGT sought out a robust solution to fortify their security measures.
  • After a rigorous selection process, the CYBERA WATCHLIST™ was chosen as the optimal solution to augment LGT's AML initiatives.
  • "We are proud to be partnering with LGT, a globally recognized banking institution," said Claudio Staub, Co-Founder at CYBERA.

Montran and Imágenes Computarizadas de Guatemala, S.A. (ICG) Enter Strategic Partnership to Advance Cutting-Edge Instant Payment Solutions

Retrieved on: 
Monday, June 19, 2023
Instant payment, Payment, Securities market, Partnership, IPP, IPS, ICG, Mobile phone, Online shopping

"This signifies a new era of financial solutions and is a significant turning point in Guatemala's payment industry," comments Erhard Schafer, General Manager of ICG.

Key Points: 
  • "This signifies a new era of financial solutions and is a significant turning point in Guatemala's payment industry," comments Erhard Schafer, General Manager of ICG.
  • "Our advanced solutions will enable seamless instant payment processing, mitigate complexities, and boost operational efficiency.
  • Coupled with proactive fraud detection and prevention, banks, businesses, and consumers will be equipped with a secure, trustworthy instant payment environment."
  • "As we commence the implementation of Montran's Instant Payment Solutions, we are eager to witness the transformative potential of this partnership," adds Escobar.

Montran and Imágenes Computarizadas de Guatemala, S.A. (ICG) Enter Strategic Partnership to Advance Cutting-Edge Instant Payment Solutions

Retrieved on: 
Monday, June 19, 2023
Instant payment, Payment, Securities market, Partnership, IPP, IPS, ICG, Mobile phone, Online shopping

"This signifies a new era of financial solutions and is a significant turning point in Guatemala's payment industry," comments Erhard Schafer, General Manager of ICG.

Key Points: 
  • "This signifies a new era of financial solutions and is a significant turning point in Guatemala's payment industry," comments Erhard Schafer, General Manager of ICG.
  • "Our advanced solutions will enable seamless instant payment processing, mitigate complexities, and boost operational efficiency.
  • Coupled with proactive fraud detection and prevention, banks, businesses, and consumers will be equipped with a secure, trustworthy instant payment environment."
  • "As we commence the implementation of Montran's Instant Payment Solutions, we are eager to witness the transformative potential of this partnership," adds Escobar.

SmartCard Marketing Systems Inc. (OTCQB:SMKG) Unveils Exciting Enhancements and Additional Seamless Embedded Payments Integrations in Multiple Key Markets

Retrieved on: 
Tuesday, June 6, 2023
Cloud, Communication, Enterprise, Marketplace, E-commerce, EMI, Specialty store, U.S. News & World Report, Digital, Platform, SAP Mobile Platform, News, Automation, APN, Platform as a service, Issuer, TMS, Integration, Digital wallet, OTCQB, TPP, System, As a service, Sari-sari store, Growth, Super-app, Third party, Payment, Fiserv, B2B, Record, Fintech, Instant, FX, Instant payment, Partnership, Dividend payout ratio, ACH, Ingenico, Cross, Acquiring bank, OTC, Mobility, Country, LATAM, Mobile phone, Marketing, Cryptocurrency, Online shopping, Bank, Wallet, Blockchain, SWIFT, Crypto

NEW YORK, NY, June 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Smartcard Marketing Systems Inc. (OTCQB:SMKG) unveils exciting enhancements and additional seamless embedded payments integrations in multiple key markets prioritizing R&D as key driver for revenues in BaaS and PaaS sectors.

Key Points: 
  • NEW YORK, NY, June 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Smartcard Marketing Systems Inc. (OTCQB:SMKG) unveils exciting enhancements and additional seamless embedded payments integrations in multiple key markets prioritizing R&D as key driver for revenues in BaaS and PaaS sectors.
  • The enhancements include ready-to-launch Platforms as a Service:  this segment will be fundamental in channel partnership resellers which we are currently experiencing.
  • Granularchain - embedded payments and Global SIMS integration for private cellular networks "APN" for device origination and Iot automation monitoring.
  • The company SMKG highlights its technology portfolio of Paytech, Fintech and Blockchain solutions for Cloud, Mobility and E-commerce.