Connect with us

Payments

Paysafe expands US partnership with IntelliPay to offer online cash payments

Published

on

Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced an expanded partnership with IntelliPay, a Utah-based provider of an intelligent cloud-based payment platform and alternative payment models. IntelliPay, which already leverages Paysafe’s payment processing services, will now add the Paysafecash online cash solution as an alternative payment method to its platform, further promoting financial inclusion by giving consumers without bank accounts the opportunity to pay for bills online.

The integration of Paysafecash will see IntelliPay, a Paysafe payment processing partner since 2015, build on its commitment to provide multiple payment methods to multiple industries, creating intelligent solutions that serve all customers who wish to pay a bill online. The need for such solutions has been amplified during the COVID-19 pandemic, when in-person cash payment options have been more limited. IntelliPay helps facilitate transactions across several affected industries, including property management, government services, utilities, non-profit, healthcare, and education.

The importance of financial inclusion is reflected in recent data from the Federal Reserve, which show that 22% of U.S. adults are either underbanked or unbanked. Further emphasizing the payments challenges faced by lower income demographics, the report also revealed that 43% of Americans making less than $40,000 a year were denied credit requests in 2019. With Paysafecash, those with lower incomes and limited access to credit will benefit from greater payments flexibility.

The addition of Paysafecash to the IntelliPay end-to-end payments platform will help customers address their payment needs in a way that is safe, convenient and has no potential for chargebacks. After generating an online barcode, which can either be stored digitally or printed, and finding a nearby Paysafecash payment location such as a convenience store, pharmacy, or dollar store, consumers then need only visit that location to complete the payment with cash. With 60,000 payment points throughout the U.S., Paysafecash empowers Americans by allowing them to pay on their terms.

Udo Müller, CEO of Paysafe’s eCash division, said: “We’re very pleased that through our collaboration with IntelliPay, more U.S. consumers will have the opportunity to pay for their bills online, even if they don’t have a bank account. Like IntelliPay, we passionately believe that we need to improve financial inclusion in our society, something which has become increasingly important as a result of the pandemic.”

Casey Leloux, CEO at IntelliPay, said: “The teamwork and support from Paysafecash has been outstanding. Integrating Paysafecash into our IntelliPay Platform will provide a greater service to our merchants’ customers who want to pay online, but still use cash. Expanding payment options and empowering our merchants to accept all payment methods will provide a better payment experience for their customers and help our merchants automate their receivables.” 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.finextra.com/pressarticle/87965/paysafe-expands-us-partnership-with-intellipay-to-offer-online-cash-payments?utm_medium=rssfinextra&utm_source=finextrafeed

Blockchain

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times.

The post African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows appeared first on CryptoSlate.

Published

on

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent recorded a transaction volume of $17 million in May 2021 which is a 50 percent increase year-over-year.

Per the data, African countries have recorded over 15 percent of the growth in their Bitcoin P2P trading volume in the last six months. While in contrast, other continents have seen their performance drop. For example, North America experienced a drop of up to 18 percent within the same period.

UsefulTulips data also showed that while Sub-Saharan African countries have seen a rise in their Bitcoin P2P trading volumes, countries in Middle East Africa and North Africa recorded a significantly lower trading volume. Both regions had trading volumes less than $1 million. However, as a whole, the continent has witnessed a continued growth in crypto since 2020.

What is Fuelling Africa’s Crypto Growth

In recent times, countries in Africa have witnessed a growth in their crypto adoption. One report had attributed this growth to the tacit support some governments on the continents have been giving the space.

Citing Ghana as an example, the report stated “the country’s launch of a regulatory sandbox that prioritized blockchain-based companies including cryptocurrency startups” is one of the factors that could have led to the country’s increased volumes.

However, in some parts of Africa, the reason for the growth of P2P bitcoin trading is government sanction against cryptocurrencies. 

Troubles still present

Notably, South Africa and Nigeria’s governments have an unfriendly stance towards cryptocurrency. Both countries have either barred their citizens from using digital assets or are outrightly looking to regulate the space.

Due to this reason, Bitcoin traders in these countries have had to seek a viable alternative to bypass the restrictions placed by their governments.

Interestingly, Tanzania, another country in Africa, is also preparing to tow the path of the likes of Mexico, and Paraguay which are working on adopting Bitcoin as a legal tender. This follows the legalization of the asset by El Salvador.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/african-countries-leads-the-pack-in-bitcoin-peer-to-peer-trading-data-shows/

Continue Reading

Payments

Part 2 – some pucks moving in the right direction to democratise Wall Street

Published

on

Part 1 (8 June), part 3 (22 June), part 4 (29 June).

I could be accused or being optimistic to the point of naivety but I draw hope from 5 things that are at least moving in the right direction of democratising Wall Street.

– price/fees competition. Funds that sell high cost active alpha have to justify their fees against low cost passive beta. They increasingly quote net of fees. Some are choosing to compete on both fees and performance to deliver what we call low cost alpha.

– wealthy people giving back. Some of that maybe more PR than real (ie a pledge has to be followed up with cash) but motivation matters less than the end result It is positive if some wealthy people who want to be seen to be doing the right thing are shamed into actually delivering. Others know that a hypercapitalist push to increasing inequality may actually damage their self interest.

– growing adoption of impact investing. This replaces the either profitable OR doing good paradigm with profitable AND doing good. The key benefit is getting off the treadmill of always raising more philanthropic capital.

– faster exposure of damaging business models. Thank you Internet! It is now so easy to write online and it only takes one person to expose the bad stuff and maybe somebody else with a lot of followers to give that a shout out. For example, many more people now understand that even if it is free it can harm your wealth.

– Follower model may disrupt fund management. The idea – like most disruption – is simple. You follow somebody’s trades and give them a share of the profits. This enables a new breed of fund managers to invest first then gather assets later ie the exact opposite of how it works today. The key to success is enabling both parties to make money even if the number of trades is very low.

Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.

Daily Fintech’s original insight is made available to you for US$143 a year (which equates to $2.75 per week). $2.75 buys you a coffee (maybe), or the cost of a week’s subscription to the global Fintech blog – caffeine for the mind that could be worth $ millions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyfintech.com/2021/06/15/63579/

Continue Reading

Crowdfunding

London’s DNA Payments Group Enters £100M Deal with Alchemy Partners

Published

on

London-based DNA Payments Group, the fast-growing “vertically integrated” payments firm, has entered a £100 million deal with Alchemy Partners (Alchemy).

With an operations based hub in Kent, DNA presently serves more than 45,000 merchants including established online and offline retailers to SMEs, offering them with  70,000+ terminals which make “over 20 million transactions worth over £600m a month.”

As mentioned in a release, DNA is one of just a few players in the United Kingdom and Europe with fully Cloud enabled omni-channel payment processing capabilities, and also “provides a variety of SaaS and PaaS solutions to major global acquirers and payment schemes.”

The investment by Alchemy “sees DNA well positioned to benefit from the strong market opportunity, with the UK beginning to see signs of a recovery from the Covid-19 pandemic,” the announcement noted.

Arif Babayev and Nurlan Zhagiparov, the founders of DNA, stated:

“Alchemy’s investment marks a historic day for DNA and is a huge endorsement of our company and our technology. We have been looking for the right partner with the right ethos, vision and experience and we are lucky to have found this partnership with Alchemy.”

The past year has been quite challenging for businesses, and at DNA they have been “fully dedicated to helping [their] customers manage through the pandemic,” the firm’s management noted while adding that during the last few months DNA has expanded its digital commerce solutions and payment methods, “providing merchants with Pay by Link, Checkout v3, ApplePay, Pay by Bank, PayPal, Open Banking and many other new capabilities.”

As noted in the update:

“This transaction will allow us to accelerate our growth, helping more merchants accept payments quickly and easily, both in-store and online. Our technology and vertical integration give us an unparalleled advantage in servicing our partners and customers, but also provide a great foundation for bolt-on acquisitions.”

This investment will allow us to further improve our product offering and continue with our business strategy of making key acquisitions to grow our presence “not only in the UK but also internationally,” the firm’s management added while pointing out that they have “more than doubled [their] estate size and turnover in the past 18 months.”

Toby Westcott, Partner at Alchemy Partners, remarked:

“We are delighted to be partnering with DNA. Alchemy is always looking for opportunities to partner with talented business founders and uncover attractive investments that others may not be able to access.”

Wescott also mentioned:

“We are focused on helping companies grow and develop, and having worked closely with both Arif and Nurlan during this extraordinary period caused by the Covid 19 pandemic, it was clear that DNA and Alchemy’s goals, missions and values were closely aligned. Merchants’ increasing need for omni-channel payments solutions combined with the strength of DNA’s product proposition creates a compelling investment opportunity and we are excited to join DNA on its journey to build a leading payments business in the UK and expand into Europe.”

DNA Payments was advised by Proskauer, Houlihan Lokey and EY and Alchemy was advised by Macfarlanes and PwC on this transaction.

Launched in 1997, Alchemy aims to target key opportunities across Europe to team up with and work with management teams, assisting them with creating value by addressing problems, helping “take difficult decisions and driving through change.”

Since introducing its services, Alchemy has finalized more than 190 transactions, investing  £4 billion+ into firms and organizations based in 14 different countries.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176583-londons-dna-payments-group-enters-100m-deal-with-alchemy-partners/

Continue Reading

Crowdfunding

Global Payments Fintech Fiserv Appoints Wafaa Mamilli as Tech Risk Committee Board Member

Published

on

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, revealed on Friday (June 11, 2021) that it has decided to appoint Wafaa Mamilli to its Board of Directors. Wafaa will reportedly be serving on the Technology Risk Committee of the Board.

Wafaa has served as Chief Information and Digital Officer of Zoetis Inc. and a member of the executive team since January of last year. While working at Zoetis, the global animal health firm, Wafaa was leading global tech, digital, analytics, and cybersecurity teams powering business innovation, growth, and customer experiences.

Wafaa has also been tasked with supporting the firm’s digital and data analytic strategies and solutions that promote better animal care and customer businesses.

She joined Zoetis from Eli Lilly and Company, where she spent over 20 years in various leadership roles such as Global Business Units CIO. Wafaa also worked as Eli Lilly’s very first Chief Information Security Officer. She was responsible for leading strategy and execution to secure digital products, devices, manufacturing systems, and information.

Denis O’Leary, Chairperson of the Board of Directors of Fiserv, stated:

“Wafaa brings the insights of a deep technology background to our board, which will inform our focus on innovation and the creation of superior value for clients and shareholders. Her expertise and perspective on cybersecurity and the use of digital and data are particularly relevant in navigating today’s rapidly evolving technology landscape.”

Wafaa received her Master’s degree in Computer Science from INSEA in Rabat, Morocco, and also a Master’s degree in Business Applications of Information and Technology from Université Rennes in Rennes, France.

She possesses a General Management Certificate from the London Business School and has also completed the Harvard Business School’s Advanced Management program.

As covered in March 2021, Fiserv had entered an agreement with Pittsburgh’s Fintech Pineapple Payments. The terms of the deal had not been shared publicly.

Established in 2016, Pineapple Payments offers payments processing services, proprietary tech along with omni-channel payment acceptance services for integrated software providers and SMBs. The Fintech company serves over 25,000 merchants.

Frank Bisignano, President and Chief Executive at Fiserv, noted earlier this year that with Pineapple Payments currently serving as a key distribution partner of Fiserv, they intend to accelerate the delivery of innovative capabilities to many different merchant clients.

Bisignano added that together, they will aim to offer omni-channel payments tech and related services to enable merchants to “maximize the potential” of digital payment processing. He added that they’re looking forward to welcoming Pineapple Payments to the Fiserv team and continuing to provide services that merchants and their clients require.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176526-global-payments-fintech-fiserv-appoints-wafaa-mamilli-as-tech-risk-committee-board-member/

Continue Reading
Aviation5 days ago

The Story Of The Boeing 777 Family

Esports5 days ago

Every new Passive Power in Legends of Runeterra Lab of Legends 2.9.0

Crowdfunding4 days ago

April/May 2021 Top Campaigns

Blockchain4 days ago

Crypto Fund Manager Says Bitcoin ETFs to be Approved By 2022

Aviation2 days ago

Delta Air Lines Flight Diverts To Oklahoma Over Unruly Off-Duty Flight Attendant

Esports3 days ago

Lost Ark Founders Pack: Everything You Need to Know

Fintech4 days ago

PayPal launches PayPal Rewards Card in Australia

Cyber Security3 days ago

Data Breach that Impacted Both Audi of America and Volkswagen of America

Energy3 days ago

Industrial robots market in the automotive industry | $ 3.97 billion growth expected during 2021-2025 | 17000+ Technavio Research Reports

Energy3 days ago

Daiki Axis Co., Ltd. (4245, First Section, Tokyo Stock Exchange) Overview of Operating Performance for the First Three Months Ended March 31, 2021

Aviation2 days ago

Spirit Airlines Just Made The Best Argument For Lifting LaGuardia’s Perimeter Rule

Cleantech3 days ago

Tesla Model S 420 Plaid Is The Best Car In The World (But Not For Me)

Start Ups5 days ago

Loupe Tech Lands $12M Series A To Connect Sports Card Enthusiasts

Fintech4 days ago

Stripe launches Stripe Tax to simplify global tax compliance for Australian businesses

Blockchain5 days ago

JPMorgan Cautioned Coming Bear Market Signal in Bitcoin

Blockchain4 days ago

Blockchain technology can help to protect sensitive information

Blockchain5 days ago

PayPal Sets New Record of Daily Crypto Volume of Over $300 Million

Private Equity5 days ago

Warburg Pincus backs $150m Series E for cybersecurity company Aura

AI4 days ago

Ransomware Incidents Surging; Cybersecurity Experts Scramble to Respond   

Blockchain3 days ago

DCR Technical Analysis: Look for Support Levels of $130.13 and $126.01

Trending