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Delivering Convenience & Ease, Consumer Software Subscription Benchmarks from Recurly Reveal Significant Industry Growth in 2023

Retrieved on: 
Tuesday, March 12, 2024

Recurly, a leading subscription management and billing platform, today announced the release of latest benchmarks for consumer software subscriptions , predicting an optimistic vision of growth in the coming year.

Key Points: 
  • Recurly, a leading subscription management and billing platform, today announced the release of latest benchmarks for consumer software subscriptions , predicting an optimistic vision of growth in the coming year.
  • The consumer software subscription industry is a beacon of resilience in a changing economy, delivering both convenience and ease to consumer lives.
  • Consumers expect personalized experiences and, accelerated by rapid advances in technology, Recurly makes it possible for consumer software subscription businesses to offer targeted, personalized experiences at scale.
  • Consumer software subscriptions could realize a boost in acquisition by refining targeting methods and new channels to climb closer to the industry mean.

Alchemy Pay Invests in UK Fintech LaPay and Secures API License as Part of Global Web3 Expansion

Retrieved on: 
Thursday, March 28, 2024

SINGAPORE, March 28, 2024 /PRNewswire/ -- Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies.

Key Points: 
  • SINGAPORE, March 28, 2024 /PRNewswire/ -- Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies.
  • Significantly, LaPay holds an Authorised Payment Institution (API) License in the UK with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).
  • Gibbs Lvy, Co-Founder of Alchemy Pay, reflected on the significance of this investment, stating, "LaPay is a fintech company regulated by the FCA, and this investment marks a crucial milestone in our global payment licensing strategy.
  • He emphasized, "Innovative fintech firms like LaPay are reshaping the dynamics between traditional banking, finance, payments, and Web3.

Alchemy Pay Invests in UK Fintech LaPay and Secures API License as Part of Global Web3 Expansion

Retrieved on: 
Thursday, March 28, 2024

SINGAPORE, March 28, 2024 /PRNewswire/ -- Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies.

Key Points: 
  • SINGAPORE, March 28, 2024 /PRNewswire/ -- Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies.
  • Significantly, LaPay holds an Authorised Payment Institution (API) License in the UK with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).
  • Gibbs Lvy, Co-Founder of Alchemy Pay, reflected on the significance of this investment, stating, "LaPay is a fintech company regulated by the FCA, and this investment marks a crucial milestone in our global payment licensing strategy.
  • He emphasized, "Innovative fintech firms like LaPay are reshaping the dynamics between traditional banking, finance, payments, and Web3.

VoePass Partners with CellPoint Digital to Streamline Payment Reconciliation and Implement Payment Orchestration

Retrieved on: 
Thursday, March 21, 2024

LONDON, March 21, 2024 /PRNewswire/ -- CellPoint Digital, a global pioneer in Payment Orchestration, today announced that it will provide Payment Orchestration and reconciliation solutions to VoePass Linhas Aéreas (VoePass), a leading Brazilian regional carrier. Working with CellPoint Digital will enable VoePass to expand the number of payment methods available to its passengers, streamline the resource-intensive back-end process of payment reconciliation, increase its transaction authorisation rates, improve its customer experience, and position itself for future growth.

Key Points: 
  • Working with CellPoint Digital will enable VoePass to expand the number of payment methods available to its passengers, streamline the resource-intensive back-end process of payment reconciliation, increase its transaction authorisation rates, improve its customer experience, and position itself for future growth.
  • VoePass will utilise CellPoint Digital's Payment Orchestration Platform to centralise all its sales channels, giving the airline more control and visibility into its payment processes.
  • Leveraging CellPoint Digital's Payment Orchestration solutions, reconciliation will be fully automated, paving the way for VoePass to introduce support for the alternative payment methods (APMs) its passengers prefer and implement a multi-acquirer strategy as the airline expands its route network and regional footprint.
  • CellPoint Digital's Payment Orchestration Platform, which VoePass will implement, easily accommodates multiple PSPs and acquirers, routes transactions intelligently to boost acceptance, simplifies and centralises back-end reconciliation, and can integrate various payment methods.

Charles & Keith selects Nuvei to boost international expansion

Retrieved on: 
Tuesday, March 19, 2024

MONTREAL and SINGAPORE, March 19, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has partnered with Charles & Keith, the Singaporean-based fashion house specializing in footwear, handbags and accessories, to optimize the brand's eCommerce payments solution as it continues its rapid global expansion.

Key Points: 
  • Nuvei's smart routing technology is also maximizing Charles & Keith's card payment authorization rates in each region, helping drive increased revenue conversion.
  • Nuvei shares that vision and is empowering us to localize our payments experience in every market through a single integration," commented Charles Wong, Co-Founder and CEO at Charles & Keith.
  • In addition to Nuvei's suite of APMs and optimization features, Charles & Keith highlighted the Company's hands-on service as a key factor in their decision to choose Nuvei.
  • Through its partnership with Nuvei, Charles & Keith plans to further expand its international eCommerce presence, leveraging Nuvei's global reach in over 200 markets covering 150 currencies and APM portfolio.

Category-defining French Airline La Compagnie, Partners with CellPoint Digital for Payment Orchestration Solutions

Retrieved on: 
Thursday, March 14, 2024

LONDON, March 14, 2024 /PRNewswire/ -- CellPoint Digital, the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, has partnered with La Compagnie, the French airline that has reimagined transatlantic leisure travel, to help the carrier optimise its payment processes, lower its transaction costs and provide more flexible payment options to its passengers.

Key Points: 
  • LONDON, March 14, 2024 /PRNewswire/ -- CellPoint Digital , the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, has partnered with La Compagnie , the French airline that has reimagined transatlantic leisure travel, to help the carrier optimise its payment processes, lower its transaction costs and provide more flexible payment options to its passengers.
  • As La Compagnie looks to expand its fleet and route network in 2025, it's taking another step in its customer-centric journey by embracing Payment Orchestration in partnership with CellPoint Digital.
  • Partnering with CellPoint Digital makes La Compagnie one of the first global business class-only airlines to have a fully developed payment strategy that includes payment orchestration.
  • For more information about CellPoint Digital and La Compagnie or to schedule an interview with CellPoint Digital CEO Kristian Gjerding, please contact Steven Osei at [email protected].

Category-defining French Airline La Compagnie, Partners with CellPoint Digital for Payment Orchestration Solutions

Retrieved on: 
Thursday, March 14, 2024

LONDON, March 14, 2024 /PRNewswire/ -- CellPoint Digital, the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, has partnered with La Compagnie, the French airline that has reimagined transatlantic leisure travel, to help the carrier optimise its payment processes, lower its transaction costs and provide more flexible payment options to its passengers.

Key Points: 
  • LONDON, March 14, 2024 /PRNewswire/ -- CellPoint Digital , the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, has partnered with La Compagnie , the French airline that has reimagined transatlantic leisure travel, to help the carrier optimise its payment processes, lower its transaction costs and provide more flexible payment options to its passengers.
  • As La Compagnie looks to expand its fleet and route network in 2025, it's taking another step in its customer-centric journey by embracing Payment Orchestration in partnership with CellPoint Digital.
  • Partnering with CellPoint Digital makes La Compagnie one of the first global business class-only airlines to have a fully developed payment strategy that includes payment orchestration.
  • For more information about CellPoint Digital and La Compagnie or to schedule an interview with CellPoint Digital CEO Kristian Gjerding, please contact Steven Osei at [email protected].

Consumer & Financial Services Subscription Benchmarks Reveal Significant Growth in 2023

Retrieved on: 
Tuesday, March 5, 2024

Recurly, a leading subscription management and billing platform, today announced the release of the latest subscription industry benchmarks for consumer and financial services subscriptions , painting an optimistic picture of growth.

Key Points: 
  • Recurly, a leading subscription management and billing platform, today announced the release of the latest subscription industry benchmarks for consumer and financial services subscriptions , painting an optimistic picture of growth.
  • Collating data from millions of subscribers and billions of transactions, Recurly shares benchmarks and trends, augmented with expert best practices for subscription business growth.
  • “For consumer and financial services subscriptions—such as security, financial, consulting, technology, and legal services—the findings show that personalized offerings together with increased convenience and clarity in pricing continued to provide high subscriber value in 2023.”
    Overall, subscriptions in the consumer and financial services industry are witnessing significant growth while appealing to consumers' needs for convenience, especially millennial consumers.
  • The recovery rate for at-risk consumer and financial service subscribers stands at 75% and added 181 days to the subscription post-recovery.

Genus plc Reports Interim Results for the Six Months Ended 31 December 2023

Retrieved on: 
Thursday, February 22, 2024

Exceptional restructuring costs of £2.9m recognised through the FY24 H1 condensed income statement.

Key Points: 
  • Exceptional restructuring costs of £2.9m recognised through the FY24 H1 condensed income statement.
  • These APMs should be considered in addition to, and not as a substitute for or as superior to statutory measures.
  • Constant currency percentage movements are calculated by restating the results for the six months ended 31 December 2023 at the average exchange rates applied to adjusted operating profit for the year ended 30 June 2023.
  • Please see Note 1 on the notes to the condensed set of Financial Statements changes of reportable segments

Production growth of 3% from focused investment in the health of our business; underlying EBITDA of $23.9 billion and full year ordinary dividend of 435 US cents per share

Retrieved on: 
Wednesday, February 21, 2024

We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.

Key Points: 
  • We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.
  • This tragedy strengthens our resolve to never be complacent about safety, so that we continue to learn and improve.
  • Our balance sheet strength enables us to continue to invest with discipline while also paying an ordinary dividend of $7.1 billion, a 60% payout.
  • As part of our focus on Best Operator, we continue to roll out the Safe Production System across our business.