GenAI in Digital Payments: How to Maximize the Benefits? – OpenWay

Financial institutions in EMEA, APAC, and USA agree on the two common barriers to the full potential of GenAI: “too much complex infrastructure” and “data quality and access”. However, both barriers are eliminated for companies that can integrate GenAI with their data-rich, real-time payments processing platform like OpenWay’s Way4. Nexi, the pan-European acquirer serving two million merchants, is positive

Scan to Pay Takes Centre Stage in Spenda’s Fintech Suite

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked. It’s these individuals that payment service providers like Spenda are empowering through the use of innovative payment solutions that address the financial inclusion gap. In its latest move to do so, Spenda has integrated Scan to Pay to launch Spenda Scan to

First CBDC Cards: What Technology Issuing And Acquiring Banks Use – OpenWay

Eurasia’s first CBDC cards, recently launched in Kazakhstan, have provided 20 million consumers with a convenient, tangible way to manage their funds in CBDC (Central Bank Digital Currency). Today, plastic cards in the digital tenge currency are used for both in-store and e-commerce purchases and are accepted globally through the Mastercard and Visa networks. The

HPS Expands Global Reach and Capabilities in Digital Banking and Payment Software With Acquisition of CR2 Limited

HPS, a leading global provider of payment software and solutions, is pleased to announce that it has agreed to acquire CR2, a prominent digital banking and payments software company headquartered in Dublin, Ireland. This strategic transaction underscores HPS’s commitment to enhancing its digital banking and payments capabilities, further solidifying its position as a leading global

Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

Over 10 Innovative CBDC Card Services Launched in Six Months on OpenWay’s WAY4 System

In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country’s population of 20 million. Altyn Bank, Eurasian Bank and Halyk Bank leveraged the Way4 digital payments software system to swiftly join this CBDC project and onboard 72% of

Accel-KKR Welcomes Tim Sherwin to Entersekt Board of Directors

Accel-KKR, a technology-focused private equity firm, today announced the appointment of Tim Sherwin, former CEO and Co-founder of Cardinal Commerce, to portfolio company Entersekt’s board of directors. Entersekt, the financial authentication company, provides financial institutions around the world with digital banking fraud prevention and payment security solutions. As former CEO and Co-founder of Cardinal Commerce,

PayU GPO Lauded as Best Payment Solution at Absa Awards, Broadening Financial Inclusion and Innovation

PayU GPO, a leading South African financial services and payment service provider, is proud to announce its Absa Award win in the category: Best Payment Solution. The prestigious award showcases PayU GPO’s market leading and comprehensive suite of payment solutions tailored for the South African market and beyond. The category celebrates the Fintech company that

International Supervisory Community Meets to Discuss Challenges Ahead for Global Bank Supervision and Regulation – BIS

International Conference of Banking Supervisors endorses the revised Core principles for effective banking supervision. Basel Committee agrees to consult on guidelines for strengthening banks’ counterparty credit risk management. Agrees to publish an analytical report on the digitalisation of finance. Over 220 central bankers and banking supervisors representing more than 90 jurisdictions met on 24-25 April

Comviva Unveils Innovative Low-Code/No-Code Platform for Digital Payments and Banking

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial