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Ebanx appoints João Del Valle CEO



João Del Valle, co-founder of Ebanx, is the new CEO of the company. After more than three years as COO, preceded by almost seven as CTO, he takes over the executive leadership of the fintech, which has been led by co-founder Alphonse Voigt for the past nine years, since its founding in Curitiba, Brazil.

With the change, Voigt will now be the head of the Board of Directors, as Executive Chairman, and Wagner Ruiz, also a co-founder, becomes Chief Risk Officer, leaving the CFO position to the newly hired Alexandre Dinkelmann, former executive in the Brazilian BTG Pactual and TOTVS.

As Chief Operations Officer (COO), Del Valle led important projects for the fintech’s expansion, such as the ensemble of the global commercial team, the launch of 50 new integrations and payment methods within the company’s B2B solutions portfolio only in 2020, and the Push LatAm, an initiative that is taking EBANX operations to new Latin American countries, including in Central America and the Caribbean. “EBANX has a unique story and it will be a privilege to lead this next chapter. Our vision of being the best payment provider in Latin America is growing stronger, and always fueling the urge to innovate. The path we want for EBANX is very clear for the three of us, co-founders: focus on the mission of providing access in Latin America, through technology, speed, consistency and quality of execution,” said Del Valle.

Voigt has been EBANX’s CEO since the creation of the company which, during his tenure, exceeded the market value of USD 1 billion, becoming the first unicorn in the southern region of Brazil. Now, as Executive Chairman, he will lead the company’s strategic expansion. “The big dream got even bigger and from now on I take on this new position, helping to envision the next decade of EBANX. And João, our new CEO, is an example of dedication, focus and result orientation. He has a unique capacity to keep the company growing exponentially while projecting our future,” said Voigt.

Alexandre Dinkelmann, who takes on the position of Chief Financial Officer, will continue the work of Wagner Ruiz, who will now be focused on the company’s risk management, strategic partnerships and regulatory operation, essential pillars in the growth of EBANX. “Alexandre’s arrival brings us even more robustness, capacity and talent to maintain the pace of growth and adapt our financial sector to the new moment that EBANX will experience,” said Ruiz. Dickelmann brings in his experience as CFO at TOTVS and Even Incorporadora, as well as a stint at BTG Pactual and his role as a co-founder of the Onyo platform.

The new EBANX leadership has the mission of consolidating the company as the payments leader in Latin America, and to continue to expand the operations that have already given access to more than 70 million Latin American consumers to some of the largest global brands, such as Uber, Spotify, AliExpress and SHEIN. “These changes arrive in line with our goals for the next decade. Our success depends on the success of customers in the region and this is our focus. We remain even stronger and more structured to establish the leadership of Latin America in the global market and the leadership of EBANX in the world of payments and technology,” concluded Del Valle. 

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Fintech Holding Firm APPS Acquires Cloud enabled Software Company Clique Payments



Atlantic-Pacific Processing Systems NV, Corp. (APPS), a Fintech holding company offering technology and financial services, has reportedly acquired Cloud-enabled software firm Clique Payments, Inc.

The acquisition should allow APPS to further expand its enterprise resource planning and accounting payments integrations solutions to include QuickBooks, FreshBooks, Xero, Sage and other software apps. It will also be offering support for various payment processing services and over 20 major payment gateways. The terms of the deal were not shared publicly.

Abe Maghaguian, President and CEO at APPS, stated:

“Clique’s reseller-focus is highly complementary. The acquisition is also a really good fit with our APPSos platform for merchant lifecycle management and will enable independent software vendors, independent sales organizations, payment facilitators and bank sponsorship clients to expand their offerings while helping their clients streamline operations. We are very excited about the acquisition and welcome Clique to the APPS family.”

Clique’s software-as-a-service (SaaS) platform offers a set of solutions that comes with integrated payments acceptance for accounting and ERP software. Clients are able to access a front-office point-of-sale system that allows merchants to handle different types of transactions, such as fully integrated EMV, along with swipe and key-entered payments synched with back-office accounting software in real time.

Additionally, the platform supports invoice creation with email and text delivery, recurring billing, convenience fees, tokenization and various other features.

APPS’ “semi-integrated” Cloud POS terminal comes with connections to widely-used payment processing providers and gateways. The firm’s payment facilitation program and platform are  supported as well. ISVs who would like to provide card present payment services using the payfac model have managed to integrate access to solutions they require (all from a single source).

APPS CIO Brent Gephart remarked:

“Acquiring Clique gives ISVs, ISOs and their merchant customers easy access to a comprehensive suite of products and services, including highly desirable payments integration application programming interfaces, user interfaces and plugins to top accounting and ERP platforms. We look forward to rolling out Clique capabilities to clients and others looking to expand their offerings through this time-tested platform,.”

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Remittance and Wallet App SendSpend Acquires E-Money Institution License from UK’s FCA



SendSpend, the remittance and wallet app, reveals that it has acquired the Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). The company will now be able to issue digital money and offer cross-border remittance services from its UK head offices.

SendSpend is co-operated with AuthoriPay Ltd, an established payments consultancy to facilitate their authorization and advise on appropriate Fintech business partners.

As a regulated EMI headquartered in the United Kingdom, SendSpend may now further extend its global financial reach to businesses and consumers in the UK, which should complement the operations of its subsidiaries in India and other jurisdictions.

The SendSpend platform is completely digital, free-of-cost for consumers, and may be used within minutes of registering through a downloadable software application.

Unlike some of the other mobile payment solutions, which are connected to a bank account, a  payment card, or a mobile operator, SendSpend’s platform and services are not. It’s reportedly owned and managed by SendSpend itself. The company claims that this setup helps with eliminating additional costs and complexities in the supply chain process, thus enabling a more economical and user-friendly service for consumers and merchants.

The newly granted e-money license will allow SendSpend to provide the following:

  • A Customer e-Wallet App
  • An Agent Services App
  • An e-Commerce and POS Payment Gateway including QR Code functionality
  • A Suite of API’s for corporate integration
  • An FX Suite for multi-currency transactions

Graham Davies, Co-found at SendSpend, stated:

“We set out to develop a payment system that was affordable, secure and functional. Also, SendSpend’s flexible and dynamic architecture enables us to adapt to different compliance and regulatory requirements encountered in different countries and regions. This allows us to offer a full suite of services and functionality when competitors often can’t.”

Tracy Andersson, Co-founder at SendSpend, remarked:

“Our Smart Agents are the backbone of SendSpend’s Agent Network. We’re taking financial services right into the villages and rural areas that frequently pose a challenge to financial institutions. Consumers no longer need to travel long distances to collect a remittance. Our goal is to enable economically marginalized consumers to participate in the digital economy by having access to financial services like insurance, money transfers and online buying.”

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UK Fintech Glint Pay, which Aims to Make Gold Alternative Global Currency, Secures £2.2M+ via Seedrs



Glint Pay Inc., a subsidiary of the UK-based Fintech company that makes gold an alternative global currency by enabling its clients to buy, sell, save and spend their physical gold instantly through the Glint Debit Mastercard and Glint App, has secured 111% of its equity crowdfunding target (£1,999,998) via Seedrs with 14 days left (at the time of writing). A total of £2,223,641 has so far been acquired from 891 investors. Glint is also simultaneously running a securities offering on the US-based platform Republic.

Some of the main project highlights shared by Glint are as follows:

  • 49% growth 6 months, 79k registered, £158+ million transactions
  • Launched US office and full operations, including cards, in 2019
  • Principal Member of Mastercard UK + Glint it! P2P transfers
  • £26.41m pre-money valuation based on issued share capital

As covered, Glint was launched in 2015 and is on a mission to reintroduce gold as money into the global payments system.

In 2018, the Fintech firm released its mobile app and Mastercard to allow users to buy, store, and spend physical gold alongside national currencies and also built a proprietary technology platform providing real-time gold payments and multi-currency wallets with scalability in mind.

Glint raised more than £2.1 million through its Crowdcube funding round back in 2017.

Jason Cozens, CEO of Glint, stated:

“Welcome to Glint where we have taken gold, one of the most trusted and proven stores of wealth and made it liquid, enabling clients to buy, save, spend and send real gold, instantly and inexpensively, using our bespoke platform, through the Glint App and Mastercard.”

Cozens also revealed that their business is a regulated (UK FCA eMoney Issuer), multi-currency saving and payments platform, which they believe is the first in the world to allow instant, electronic transactions in digitized gold, at point of sale.

The company’s scalable tech allows clients to use their currencies (GBP, USD, EUR and GOLD), with their UK, EU and US issued Mastercards in 210 countries. Their P2P Service, Glint It!, allows clients “to send and receive gold and currency between Glint accounts in over 160 countries.”

Glint currently charges clients a 0.5% fee on the exchange of gold of FX. The company does receive an “interchange” fee (UK/EU 0.2% & US 0.9%) when its cards are used to buy something, this fee comes from the merchant, not the client. Glint also charges the client £/$/€1.50 for an ATM withdrawal.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

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QR Codes in Latin American Digital Banking: 2021 and Beyond



With the growing knowledge and adoption of digital banking, many consumers are still learning about the capabilities of contactless payments due to new perceptions of value, security, and availability, creating an ongoing challenge for merchants. Consumers are seeking out simplicity and instantaneous opportunities more than ever before in this growing digital age and look to familiar tools like QR codes that fit this bill and provide better solutions to everyday payments.   

Recently, our team announced the implementation of a payment method in the Brazilian Market to bring instant payments to life using QR codes. This solution allows non-credit cardholders and fraud-wary consumers to use QR codes without sharing additional information online to pay for goods and services around Brazil. QR code capabilities like this expand the opportunity to complete instant payments at any date or time to pay for goods and services to millions of people.

But how impactful are QR codes to digital payments? Which regions are impacted the most by QR codes? What options do QR codes provide digital payment consumers? Let’s answers these questions and address the future of what consumers should expect moving forward. 

QR codes in today’s digital banking

With consumer preferences continuing to shift toward touch-free interactions, it’s critical that businesses can connect physical and digital commerce. By providing consumers opportunities to pay digitally via a QR code and popular digital wallets, businesses are more convenient and offer more choices for all modes of commerce, especially as in-person shopping, dining and entertainment experiences resume. 

According to Harvard Business Review, cash only accounted for 30% of transactions as early as 2017. Statista reported that US-based businesses processed more than $170 billion in cashless transactions in 2018 alone. Consumers are becoming more comfortable with innovative payment technology as years progress and the standard credit card continues to be the preferred method of payment over cash in the U.S. 

With the pandemic still garnering much of the attention in 2021 and impacting how people shop, contactless shopping is more relevant and popular than ever. Digital merchants offering cashless options make purchasing more convenient and safer for all. As the pandemic continues to impact small businesses all over the world, QR technology is playing a crucial role when it comes to adapting and moving forward into a new generation.

Regional adoption of QR codes

New forms of digital payments have grown rapidly across Latin America and the Caribbean in recent years, with a particular acceleration during the pandemic. That includes digital wallets and QR code-based transactions. For 2021, that adoption is poised for further growth. 

A large part of the acceleration comes from merchants – who had previously dictated payment terms – turning to new, digital alternatives for their clients. For example, merchants that introduce QR codes for a seamless checkout solution are attempting to improve the customer experience, increase average order value (AOV), while also creating some money-saving automation for the merchant. 

Both small merchants and large banks are getting into the QR race for different consumer markets.

Recently, the Peruvian Central Bank allowed nine digital payment provider companies to operate with QR Code payments in the country. These agreements, transactions, and breakthrough decisions in digital banking have transformed the traditional methods of payments in uncharacteristic regions like Peru that is still a traditional cash-dependent society.

According to a recent Mastercard survey, 66% of respondents in Latin America and the Caribbean and 63% in the Middle East and Africa expect to use payment technologies such as QR codes in the next year. The adoption of new payment technologies such as QR codes, cryptocurrencies, and biometrics is on the rise. 

It’s not just Latin American and Caribbean companies. In Asia-Pacific, More than 90% of respondents across the region indicated that they would consider using at least one “emerging payment method” in the next year, while 84 percent of consumers said they have access to a wider range of digital payment options than they did a year ago, according to the same survey.

Looking toward a post-pandemic society, digital currencies, biometrics, contactless, and QR codes are becoming more mainstream as consumer’s comfortability and understanding of them increases and the use of cash decreases. Trends like QR codes are introducing a gradual shift toward a digital economy and a shift that may eventually lead us toward a global cashless society.

Options for consumers

QR codes have been around for decades, but the pandemic showcased a shift to a remote lifestyle that needs technology to keep society progressing. Businesses can now connect with their customers while maintaining health and safety protocols with the help of payment merchants. QR codes have accelerated cashless and paperless opportunities, allowing for flexibility, security, and growth when Latin America and the world needed them most.

For today’s world of digital banking, QR platforms most commonly allow customers to make payments to all banks in a certain region through codes, a great technological advantage that allows simplistic and instant payments. Their machine-readable optical labels contain information about items and consumer goods with locator data, identifiers, and trackers that direct seamless transactions to a website or application. 

More banking and payments brands are actively advocating contactless payments and many new merchants are joining the party. Incorporating contactless payment options like QR codes encourages the adoption of new technology among millions of users, especially as these merchants partner with retailers and other B2C companies that may bring more customers on board.

New wallet providers and established players in digital payments alike are using QR code technology and other features to generate loyalty, which are proven tactics to win over progressive consumers and ultimately broaden mobile wallets’ user base. 

As businesses continue to return to in-person operations, QR codes have presented both consumers and merchants with added convenience and reassurance for reliable digital payment options. It is not likely to be disregarded when social distancing eases and may even provide more ways to elevate the consumer experience in the future. 

Gustavo Ruiz is CEO of SafetyPay. Formerly head of LATAM for SafetyPay, Ruiz brings extensive experience in Payments, Banking and Travel industries. Prior to SafetyPay Ruiz was VP and General Manager for American Express, Membership Travel in LATAM. He also successfully led American Express Bank in Mexico. Ruiz holds a bachelor’s degree in Business Agronomy from Colorado State University and a Diploma in Foreign Trade from the Universidad de las Americas. Ruiz’s strategic vision and knowledge of international markets is helping SafetyPay achieve aggressive performance goals including increasing market share and enhanced bottom-line results.

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