Payment innovation stories - Page 2
COVID-19 drives up digital payments throughout APAC region
The latest research by Kaspersky reveals that mobile payment apps are booming in APAC, with 90% of respondents using them in the past year.
Adobe to launch eCommerce Payment Services feature powered by PayPal
Adobe Commerce is set to launch a new Payment Services feature that will allow merchants to offer an Adobe-based payment solution.
PPRO integrates Indonesian payment methods Jenius Pay and LinkAja into platform
PPRO integrates with Jenius Pay and LinkAja to offer more payment options to Indonesian retailers, boosting sales in the market.
Ukheshe and dzcard broaden digital payment solutions for APAC
South African fintech firm Ukheshe Technologies is partnering with dzcard to expand its reach into the Asia Pacific region.
$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 seed funding to help SMBs manage their finances more effectively.
Traditional banks under pressure to rise to fintech competition
Traditional banks are investing in digital-only subsidiaries as fintech firms become more profitable, according to the World FinTech Report 2021.
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 eInvoicing works and why it’s essential for business survival
Australian government mandates electronic invoicing (eInvoicing) to boost the economy post-COVID-19. Implementation required by July 2022.
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
Fintech experts predict a boom in business-to-business payments in 2021, with new payment options set to transform the B2B space.
DataMesh tech cuts transaction costs with least cost routing
DataMesh Group has developed a capability to automatically apply least cost routing technology to Australia's debit card payment system.
Intuit QuickBooks' new ML-powered tool predicts SMB cashflows
Intuit QuickBooks debuts AI cashflow tool for SME recovery post-COVID.
Merchant choice routing: A process to significant savings for businesses
RBA backs choice routing to cut Aussie biz contactless payment costs.
APAC's B2B payments market shows promise in turbulent times
APAC B2B payments boom; Frost & Sullivan project $1.35tn by 2025, with Indonesia leading growth.
COVID-19 highlights need for instant, real-time payments - GlobalData
COVID-19 lockdowns boost digital real-time payments, says GlobalData, forecasting a surge in transactions.
Kiwis 'considerably' more likely to use biometric payments than Australians
The report finds 64% of New Zealanders are familiar with biometrics and 68% have used fingerprint recognition.
PPRO accelerates growth in APAC with new addition to leadership team
PPRO appoints new global head of payment networks, Kelvin Phua, to strengthen its acquisition and management of Asia Pacific's local payment methods.
Unisys integrates PayCargo payment processing into software
PayCargo payment processing services can be integrated into the Unisys operating modules of Digistics to offer clients real-time payment processing.
Preparing for eInvoicing requirements
NZ and Aussie govts forge eInvoicing deal, slashing biz costs & errors, boosting trans-Tasman trade.
Mastercard opens Global Tech Hub in Sydney
Mastercard launches its first southern hemisphere Tech Hub in Sydney to spearhead payment innovations.
New solution helps small businesses get paid anywhere, anytime
A common gripe among start-ups and small businesses is the issue of payment, and this new solution from Westpac hopes to resolve that.