payments
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FinanceSpain fines ryanair, easyJet, others $187 million over cabin luggage fees
BusinessTransforming transactions: How embedded payments enhance checkout experiences
TechnologyThe transition to ISO 20022: Navigating challenges and leveraging opportunities
Sweden’s klarna moves towards long-awaited US IPO with confidential filing
Date: November 13, 2024
(Reuters) -Payments firm Klarna began the process of going public for a second time in three years despite a sharp drop in its valuation, making it the largest Swedish company to float its shares in the U.S. since Spotify’s listing in 2018. The buy now, pay later (BNPL) company said on Tuesday it had confidentially...
Prosus looks to list Indian payments firm PayU in 2025
Date: November 13, 2024
By Haripriya Suresh BENGALURU (Reuters) – Dutch technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year, its chief investment officer said on Wednesday, after clocking a $2 billion gain on its investment in another local firm Swiggy. While Prosus hoped to list PayU by the end of 2024, it’s...
How brazil’s pix payment system is revolutionizing financial inclusion
Date: November 12, 2024
By Ralf Germer, CEO and co-founder, PagBrasil Brazil is currently in the midst of a financial revolution. At the heart of this is the concept of inclusion: the notion that to fully participate in a modern economy, one must be plugged into the banking system. With unbelievable energy and ingenuity, public and private forces in...
Banking digitisation in the US and UK: It’s a marathon, not a sprint
Date: November 12, 2024
By Alex Reddish, Head of Market Expansion & GTM Strategy at Tribe Payments The journey that banking digitisation has taken in both the US and UK has been less of a sprint and more of a marathon, with some twists, turns and potholes to navigate along the way. As the years have rolled on, technology...
Fraudsters shift focus to AI-Driven scams, APP fraud remains concern
Date: November 11, 2024
AI has significantly enhanced the abilities of fraudsters, making their schemes more efficient and allowing them to evade detection for extended periods. Financial institutions are currently grappling with several major fraud challenges aligned to this scenario. Notes Yuval Marco, General Manager, Enterprise Fraud Management, NICE Actimize, authorized push payment (APP) fraud remain a key concern...
Italian payments group nexi’s stronger revenue beats expectations
Date: November 8, 2024
(Reuters) -Italian payments group Nexi on Friday reported third-quarter revenue of 911.1 million euros ($982.17 million) beating a company-compiled consensus of 908 million euros. Group revenue grew 5.1% from a year earlier. The merchant segment, which is Nexi’s biggest source of revenue accounting for around 57% of total revenue, grew 6.6% to 534.4 million euros...