UpTech Media’s Post

Last week was Money20/20 Asia 🌏, a significant event in the global FinTech calendar. As our client Boku’s recent Global Ecommerce Report highlights, APAC continues to lead the world in the adoption of payments innovation. In Bangkok, Boku's VP of Global Partnerships, Tracy Prandi-Yuen, moderated a fascinating panel on conquering cross-border payment challenges with speakers Tim Shen (Co-CEO, LianLian Global), Ling Wu (Founder & CEO, TBCASoft Inc.), and Tessa W. (Co-Founder & Group COO, Xendit). Read more about how and why consumers in the Asia Pacific are leading the world’s rapid adoption of local payment methods in Lauren Hinton's write-up for FF News | Fintech Finance here 👇 https://lnkd.in/eAxTgYNM #money2020 #asia #localpayments #fintech #techpr #finance #innovation #boku #thoughtleadership #payments #A2A #clientnews

Breaking news from the Money20/20 floor in Amsterdam today! 🚀 We're thrilled to announce our latest partnerships with Nordic challenger bank Lunar and Sweden's top mobile payment service Swish. This collaboration is set to revolutionise the Swedish consumer market, making it easier than ever for global businesses to tap into Sweden's thriving e-commerce landscape, valued at $43 billion! Here are three core benefits of this move: ✅ Enhanced payment capabilities Swedish consumers will be able to use Swish for seamless payments at their favourite global merchant brands, simplifying cross-border transactions. ✅ Expanded reach Global merchants will be able to better connect with Swedish shoppers, driving growth and expanding market opportunities. ✅ Preferred payment methods With over 8 million users, Swish is the go-to payment method for Swedes, making it crucial for global businesses to integrate it at checkout. Our CEO Motie Bring commented on the news, "Swish is replacing cash for Swedish consumers. With over 8 million users, this partnership will enable our global partners and customers to tap into the Swedish e-commerce market at scale. Our partnership with Lunar will unlock a highly complex banking environment and enable not only access to instant payments in Sweden, but also help PPRO expand further across the Nordics.” Ken Villum Klausen, CEO of Lunar, added, "In many ways the Nordics is a difficult region to enter for international banks and fintechs. Through our partnership with PPRO, global businesses can offer enhanced payment experiences for merchants targeting Swedish consumers. This partnership is testament to our cutting-edge infrastructure and API solution enabling businesses around the world to gain access to the Nordics.” Urban Höglund, CEO of Swish, concluded, "Swedes are used to shopping online and with an increasing desire to buy from cross-border merchants, PPRO becoming a technical partner to Swish is mutually beneficial. As a result, Swedish consumers can buy from more global merchants and more merchants can better access the Swedish market." #Payments #LocalPayments #Fintech

With this, GCash (Mynt - Globe Fintech Innovations, Inc.) revealed a new feature in the app where users can view real-time foreign exchange rates in select countries such as Singapore, Japan, and the USA. Talking about these features, Martha Sazon, president and CEO of Gcash, said, “Through GCash services, Filipino travellers as well as those who live and work overseas can enjoy the same benefits as those who own credit cards and bank accounts. They can use the app to pay in stores and establishments that accept Alipay+ or accept card transactions.” #platforms #mobileapp #fintech         ------- -[Conference] MARKETECH APAC's "What’s NEXT 2023: Marketing in Malaysia" will feature industry discussions from industry leaders from brands such as AEON, Astro, CelcomDigi, Gentari, InterContinental, PropertyGuru, Sunway, and Valiram on AI, customer experience, influencer marketing, digital advertising, among others. Avail of our 10% discount for the conference using the code "EDSM10" : https://bit.ly/47lsnQf -[Conference] Get equipped with the latest knowledge and tools on customer engagement by joining our "What’s NEXT 2024: Customer Engagement in the Philippines" half-day conference on November 21. Learn how to stay ahead of the marketing strategy game by registering your interest HERE: https://bit.ly/46vOPoe

Soon Yean Lee, Country Manager of Adyen Malaysia, explores how businesses can leverage payments data and technology to create impactful Merdeka and Malaysia Day campaigns that resonate with national pride while driving sales and customer loyalty. Discover more about data-driven strategies and payment innovations to optimize your campaigns this season. #MerdekaDay #MalaysiaDay #PaymentsInnovation #CustomerLoyalty #Adyen

Smartpay sets new standards in Japanese fintech with $7M Pre-Series A funding In an impressive stride for Japanese #FinTech, #Smartpay has clinched a $7M Pre-Series A funding round, spearheaded by industry giants SMBCVC and Angel Bridge株式会社 VC. This significant financial boost underscores the burgeoning interest from both local and global investors in Japan's burgeoning fintech scene, with Smartpay leading the charge. Smartpay has carved a niche for itself by being the first in Japan to introduce a no-interest, no-late-fees installment #payments option at the point of purchase, revolutionizing the e-commerce landscape. This innovation offers Japanese consumers a frictionless online shopping experience, eliminating the need for physical store visits for installment arrangements. With the launch of "Smartpay Bank Direct," the company has addressed a significant market need, appealing to the 70% of Japanese consumers who favor bank transfers over credit card payments. This pioneering service allows for direct bank account debits for online purchases, offering a secure and straightforward payment alternative. The fresh infusion of capital from this funding round is earmarked for further service enhancements and expansion efforts. Smartpay aims to launch a fully digital in-store payment system featuring automatic installments, free of charge. This ambitious move seeks to democratize access to Smartpay's services, targeting 2 million consumers and 30,000 merchants in the upcoming years. Smartpay's innovative payment solutions have proven to be a boon for Japanese merchants, significantly boosting average order values and slashing cart abandonment rates. By streamlining the checkout process and offering digital finance options, Smartpay has effectively tackled key challenges faced by consumers and merchants alike. Jun Morita from Onward Group shared a compelling testament to Smartpay's impact, noting a substantial increase in average order values following its integration into Onward Closet, the group's e-commerce platform. This surge in consumer spending, especially during promotional events like SmartWeek, highlights Smartpay's ability to enhance customer satisfaction and drive sales. The article on FinTech Global in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

News 👀 ▶ Yapily's partners with Alipay+, launching the first-ever Commercial Variable Recurring Payments e-commerce transaction. Ant International is expanding its existing partnership with Yapily to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking on mobile payment platforms. This new payment method debuts first on HungryPanda, the leading Asian food delivery platform, offering a more convenient and seamless option for customers making mobile payments. This launch includes both commercial VRP “One Click Payment” and standard Open Banking payment “Pay by Bank”, powered by Antom, Ant International’s global merchant payment processing solution. Starting today, HungryPanda Ltd 熊猫外卖 users in the UK can elevate their food delivery experience by placing orders via their mobile devices and seamlessly completing payments directly from their bank accounts.  This collaboration marks the first step of a wider roll-out of Open Banking technologies to more mobile services. #fintechwrapup #news #yapily #antfinancial #antom #UK #ecommerce #OpenBanking #CommercialVRP #Payments #Innovation #FinTech

Yuno Expands Reach Across Key Asian Markets, Establishing Stronger Regional Presence Juan Pablo Ortega, CEO and co-founder, commented: “We are delighted to expand our regional presence in Asia and help facilitate the spread of regional commerce by enabling companies to navigate the complexities of local payment systems. Asia is a fast-growing market, with a rapidly developing digital economy and a rich payments ecosystem increasingly dominated by e-wallets. We look forward to helping companies tap into this vibrant ecosystem to reach new customers and accelerate their regional growth.” Julián Núñez https://lnkd.in/eWUnC5XB #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Asia Pacific Continues to Lead the World in the Adoption of Local Payment Methods - New Research from Boku Reveals Stuart N., CEO of Boku said, “Our research shows Asia Pacific continues to lead the world in the adoption of local payment methods. While card-linked payments remain significant, local payment methods that offer consumers seamless payment experiences, such as digital wallets, direct carrier billing and Account to Account transfers, will continue to win market share. Merchants now realise that the key to their future global growth and success lies in their ability to offer consumers more payment choice to match these changing customer preferences. At Boku, we’re excited to provide the world’s largest merchants with access to our global network of localised payment solutions so their customers can more easily pay for the things they love, the way they want – no matter where they are in the world.” https://lnkd.in/eHj_6mhB Nick Maynard #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Our consulting team will be at the Merchant Payments Ecosystem (#mpe) conference from 12-14 March in Berlin. Please reach out to Leo Lipis, Taco de Vries - MBA, and Mangala Martinus if you would like to catch up in-person at the event.   Mangala will also be moderating two panels and a podcast at MPE:   PANEL #1: Payment acceptance value chain   Covering drivers, technology innovation, M&A, future of legacy acquirers, payment data (analytics) driving the business growth, next-generation shopping channels (chat, streaming, apps, social media), and Local acquiring & CX operations seamless.   🗓️ Day and time: Day 1, Tuesday 12 March, 1:15pm - 2:15pm 📍 Venue: Room Potsdam 1, Plenary Sessions Track   Panellists: ✴ David Rintel, CEO, TrustPay ✴ Steven Bisoffi, Senior Manager - Regulatory Compliance & Scheme Management, Revolut ✴ Eike Maybaum, Managing Partner, Thede Consulting ✴ Igor Skachkov, Chief Product Officer, payabl. ✴ Fahim Khair, Solution Consulting Director - EMEA Retail, Worldpay     PODCAST: Innovation in the World of Payments   Topics covered include views on who is leading innovation in payments, the innovations likely to have the most impact over the next 3 years, and the macro-economic and demographic changes likely to influence the direction of innovation.   🗓️ Day and time: Day 2, Wednesday 13 March, 12:00pm - 12:45pm 📍 Venue: Media Room   Panellists: ✴ Lynsey Verrillo, Head of Enabler and Small Business, Europe, Visa ✴ Sebastian Castellano, Head of Enablers and Innovation, Central Europe, Visa     PANEL #2: Focus on Emerging Markets and Growth Factors   Topics covered include views on: Who is leading innovation in payments. The innovations likely to have the most impact over the next 3 years. The macro-economic and demographic changes likely to influence the direction of innovation.   🗓️ Day and time: Day 2, Wednesday13 March, 4:55p - 5:55pm 📍 Venue: Room Potsdam 1, Plenary Sessions Track    Panellists: ✴ Filippo Lucca, Global Sales Director, PayU ✴ Noam Izhaki, Founder and CEO, Ballerine ✴ Muni vinay kamisetty, Head of Technology and Innovation, FairPrice Group ✴ Dwayne Gefferie, Director, Gefferie   To check out the full MPE agenda and register to attend, please visit - https://lnkd.in/dcwFcTF.   #mpe2024 #merchantpayments #merchantacquiring

FINTECH NEWS | Paytech set to dominate the fintech landscape acroos the EU in 2024. As e-commerce becomes ever-more prolific globally, tailored digital marketing strategies have become crucial to ensuring that retailers' and merchants' cross-border payments propositions adapt to a more diverse array of international markets. #fintech #paytech #EU #ecommerce #fincosearch