Google Pay has broadened its BNPL options in the U.S.

👀 NEWS HIGHLIGHT

• Checkout.com announced Antoine Nougué as our new Chief Revenue Officer.

Antoine has been integral to the team's growth. After moving into a sales role in the UK, he built the team from the ground up and led the opening of the EEA and US offices. Antoine was then promoted to take on his current role, heading up Commercial for the UK, Europe and the USA.

Read more

📰 ARTICLE

• Tokenization in Payments: How the Evolution of Tokens is Impacting Payments & enabling a Multi-Processor Model.

NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS

⭐️ Nexi and orderbird launch new payment platforms for ISVs in Germany.

⭐️ Adyen and Addmind announce strategic partnership.

⭐️ SumUp delivers direct debits.

⭐️ Restaurant technology provider Olo has expanded its partnership with TRAY to integrate Olo Pay card-present payment.

🌎 REGIONAL HIGHLIGHTS

UK 🇬🇧

Revolut is planning to launch a new payment terminal for large companies in a push to increase its market share among business customers. The payment terminal will be rolled out in the second half of this year.

EUROPE 🇪🇺

Over the coming years, all bank cards in The Netherlands will be replaced by the new Debit Mastercard and Visa Debit cards. The goal is to enable payments in more places with the new cards, making them an upgrade from Mastercard and Visa.

Banco Santander and Iberpay have processed the first international instant transfers based on the European Payments Council’s One-Leg Out Instant Credit Transfer (OCT Inst) scheme.

BNP Paribas has entered a strategic pan-European collaboration with B2B payments provider Billie. The partnership with BNP Paribas is set to assist Billie’s commitment to expanding its services and solidifying its position as a B2B payment provider.

NCR Voyix unveils Aloha Pay-At-Table. This software launched in 2021 with 23 locations across Europe during COVID-19 by experimenting with customers using QR codes to enhance safety protocols.

USA 🇺🇸

BVNK, the payments infrastructure provider, announced that it has integrated the stablecoin PayPal USD (PYUSD). Paxos Trust Company, overseen by the New York Department of Financial Services (NYDFS), is the sole issuer of PYUSD.

TBD, a part of Block focused on creating open and decentralized technologies to connect the financial world, has partnered with Chipper Cash, a FinTech firm in Africa to accelerate its global cross-border payments.

Kieran Mongey, Principal Payments Consultant Merchant Solutions at ACI Worldwide, sheds light on the pivotal role of AI in payments orchestration and other industry trends, during MPE Berlin 2024.

Butter raises $10M to combat failed payments. The company, which built itself on top of processing services, says it sees itself bolstering successful transactions for processors.

After transformational year in payments, VGS surpasses 3 billion tokens. VGS works with companies across every major continent including AWS, Albertsons, Deserve, and Fivestars by Sumup.

Aeropay Announces $20M in Series B Financing, Further Solidifying Position as a Leader in U.S. Open Banking & A2A Payments. The platform enables customizable integrations via a full suite of open APIs.

Dwolla and Visa Partner on Account Verification for Pay-by-Bank. This integration will bring advanced account verification capabilities to Dwolla’s A2A solution, enabling Dwolla’s clients to instantly verify account ownership and check balances in real time, according to the release.

Visa and SKUx Team to Promote Digital Consumer Payments. The platform is designed to allow companies to “engage directly with their customers by delivering a client branded real-time, Visa digital payment to a mobile device.”

Payarc Partners with AWS to Develop Payments Artificial Intelligence Platform. This venture into advanced business intelligence underscores Payarc’s ambition to provide state-of-the-art technology solutions.

Google Pay has broadened its BNPL options in the U.S. Shoppers can link their existing BNPL accounts (currently limited to Affirm and Zip) or sign up for new ones directly through Google Pay, increasing flexibility in payment options.

ASIA

PhonePe partners LankaPay on UPI payment acceptance in Sri Lanka. The event was graced by His Excellency Shri Santosh Jha, the High Commissioner of India to Sri Lanka, as the Chief Guest, who highlighted the key role played by FinTech connectivity in the overall connectivity between India and Sri Lanka.

Singapore tightens grip on digital payment token providers: What you need to know. These now include custodial services offered by DPT service providers, facilitation or transmission of DPTs between accounts, facilitating DPT exchanges, and cross-border money transfers between different countries.

Stripe is seeking to enter a joint venture with State Bank of India, aiming to acquire a significant stake in SBI Payments Ltd to break into the market in India.

MOVERS AND SHAKERS

Geidea, a payment service provider based in Riyadh, Saudi Arabia, has appointed former STC Pay head Abdulrahman Almutairi as its new group CTO. The paytech has tasked its new group CTO with “enhancing our technology landscape” amid its ongoing digital transformation.

Bernabe Murata has taken on the role of Head of Sales at Yuno. Having been with Yuno since its inception, Bernabe brings a wealth of experience and expertise to his new position. We are incredibly proud to have been a part of his professional journey.