Severin Gerstenkorn

🌍 Find out why having the radicant debit card can make a big financial difference when shopping abroad - online and in-store. Read more here (German only): https://lnkd.in/dnpkeuej #DigitalPayments #Banking #Finance #Debitkarte

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🚨 Have you caught the latest news? Giropay is exiting the German market, and it's crucial for businesses to identify reliable open banking alternatives swiftly. Dive into our article to discover potential options that can fulfill your business needs seamlessly. Why is Giropay leaving, and what does it mean for your business? Uncover the reasons behind their decision and explore how this change affects the landscape of online payment solutions in Germany. 🔥 Don't miss out on understanding the shift and ensuring your business continues to thrive with optimal payment solutions. Check out the full article for a detailed review of alternatives to Giropay that could be your next big step in business payments. 🔗 Read the full article here - https://lnkd.in/dvPGsJF6 #Noda #Giropay #OpenBanking #PaymentSolutions #BusinessGrowth

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Modulr unveils payments solution tailored for the travel industry Modulr has announced the launch of its travel payments solution, specifically designed to address the needs of online travel agents (OTAs) and travel industry intermediaries. The new offering enhances operational efficiency, streamlines reconciliation and cash flow processes, and unlocks margin improvement opportunities within the travel sector. The traditional payment infrastructure in the travel industry is often fragmented and outdated, relying on multiple vendors and creating cumbersome manual processes. With the International Air Transport Association (IATA) reporting that 41% of travel firms still place payment inefficiencies as their biggest concern. This not only puts operational strain on businesses impacting tight margins, but also affects supplier relationships and deteriorates the customer experience. Modulr’s platform and payment network connectivity are engineered to overcome these challenges and is tailored to the needs of the travel industry It provides a suite of solutions in a range of currencies that includes virtual cards, account-to-account transfers and customisable notifications, all supported by detailed reporting and accessible through a single API integration and an online portal tailored for travel agents. Travel companies can benefit from an array of fixed interchange rates available with both VISA and Mastercard, allowing for customised arrangements with suppliers and responding effectively to changing customer needs. Modulr’s virtual cards are enhanced with advanced authorisation controls ensuring every transaction is transparent, flexible, and secure. Myles Stephenson, CEO and Founder of Modulr, said: “Our goal is to alleviate the payment challenges experienced by the travel industry, bringing together our comprehensive suite of virtual card programs with our leading-edge payment and account issuance capability, delivering an all-in-one solution for the travel industry.” Modulr’s platform integrates into the payments ecosystem to include a full spectrum of payment functionalities such as virtual cards, collections, disbursements, and supplier payments; encompassing methods like Open Banking, Direct Debit, Faster Payments, Bacs, Chaps, SEPA, and SWIFT. Source Electronic Payments International #fintech #payments #cardpayments

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Is a new wave of P2P payments coming to Europe? 🌊🤔 Earlier this week, the European Payment Initiative (EPI Company) launched its Wero Wallet product in Germany.🇩🇪 This payments system enables instant peer-to-peer payments 24/7 through a combination of open banking and SEPA Instant Credit Transfer. If this sort of service sounds familiar, it is. Many European countries have similar systems, including Spain's Bizum and Belgium's Payconic. Further, many fintech innovators have tried creating P2P payment apps in the past, but with little success. So what makes Wero so different and why might they have a better outcome? Unlike other P2P payment services, Wero is an initiative from major banks across Europe. Instead of having to compete with other startups and incumbents, EPI can quickly roll out Wero leveraging their retail banking partners who already hold a natural advantage in their domestic markets. At the moment Wero is only available in Germany. However, EPI plans on rolling out the new service to both the French🇫🇷 and Belgian🇧🇪 markets later this summer. With ambitious growth plans, a sizeable amount of capital, and the backing of major retail banks, it's entirely possible that Wero ushers in a era of instant payments across Europe. What are your thoughts? Is Wero legit? Or is this project yet another in a long line of attempts to solve product-market fit for better p2p payments? /Written by Elliott Locke, ACSI Locke. Pau, our AI assistant, is currently on holiday in Greece. 

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InnoFinTech, girocard, and neobanking This time it's easy to guess: we invite you to dive into our new free report on Germany's fintech landscape. ▪️ 946 active #startups in the sector ▪️ 12 fintech #unicorns ▪️ 26th place in the 2023 Global #Crypto Adoption Index by Chainalysis ▪️ InnoFinTech program, with a total volume of €9M, to boost the #fintech startups ▪️ N26 is the top #neobank and girocard is the local card Find out more about the market overview, banking sector, and payment methods in this one-pager report: 🇩🇪 Germany – WTM country profile: https://lnkd.in/dex2NyNZ 👉 Find more FREE fintech reports: https://wt.money/

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Exciting times in the DACH region's payments landscape! 💳 🥨 In a recent interview at the Merchant Payments Ecosystem conference in Berlin, FF News | Fintech Finance spoke with James Booth, our VP of Account Management, exploring the region's dynamic e-commerce and payments landscape. James highlighted the diverse payment preferences across DACH, including bank transfers, e-wallets, and Buy Now, Pay Later options, emphasising the necessity for merchants to grasp these nuances for effective operation. He discussed the challenges of a fragmented market and the critical need for simplified payment solutions to streamline consumer experiences. The interview also covered the vital role of strategic partnerships, like the successful collaboration between PPRO and Nexi Group, in driving innovation and simplifying complex processes for merchants. With insights into significant trends like the surge of TWINT transactions in Switzerland, James painted an optimistic picture of the region's e-commerce growth and evolving payment methods. See James's complete interview below👇 https://lnkd.in/eFDuHBWE #DACHPayments #LocalPayments

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How the year kicked off ... by the numbers! 😉 2024 already feels like a successful year with our highest Q1 profit ever recorded at EUR 11.3 million (almost 40% higher than Q1 2023). We were happy to welcome many new merchant partners, maintain our leadership position in alternative payments, and introduce numerous new opportunities and enhancements for easier and more convenient #banking to our customers. 🚀   Here are a few numbers worth mentioning: 🔥 Total assets grew by 35% YOY, reaching EUR 1.57 billion 🔥 Our deposit portfolio hit a new milestone of EUR 1.2 billion 🔥 We processed nearly 500,000 loan applications, marking a 33% increase compared to Q1 2023   👀 Check out the full story here -> https://lnkd.in/dusSUBy3   Great work, Team! 👏   #tbibank #financialresults

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📌For the latest issue of The Paypers’ Cross-Border Payments and Ecommerce Report 📑, we had the chance to interview Thomas Tittelbach, Managing Partner at aye4fin. The discussion centred around the current state of 💸payment orchestration and the 🔜emerging opportunities. 🧐Here is a sneak peek at some of the questions he tackled: ✔️What is your opinion on the current state of payment orchestration? ✔️Which merchants should opt for a payment orchestration solution over a direct PSP connection? ✔️Are there still industry verticals which have not yet utilised payment orchestration platforms? ✔️What are the forecasted major trends in this space over the next three to five years? ✔️What is your advice to merchants who would like to implement a POP? 🕵️‍♂️Ready to find out what Thomas had to say? Read the full interview today on page 66 of the report by downloading your #free copy now📥 https://bit.ly/48sqKQX #ThePaypers #report #crossborderpayments #crossborderecommerce #paymentorchestration #paymentrouting #tokenization #pos #AI #baas #gateway #pop #feemanagement

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Tide Set to Launch Business Accounts in Germany With Adyen Alexa von Bismarck, President EMEA at Adyen, said: “We are delighted to support Tide in their growth plans and look forward to launching our banking-as-a-service solution in Germany. The addition of local IBANs in Germany exemplifies our commitment to building local offerings. We at Adyen listen carefully to our customers, and as a result know what their needs are, and respond by creating products to create trust and convenience for them in the market.”   https://lnkd.in/gs8KNs22 Dr. Oliver Prill #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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𝐄𝐧𝐚𝐛𝐥𝐢𝐧𝐠 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐀𝐏𝐈𝐬 ⚡️ Automation Boutique and Necto have partnered to deliver premium API solutions to corporate treasury. Now you can connect with dozens of banks and exchange data in real time – including bank balances & transaction history – and initiate payments. Necto provides a secure API aggregator that enables companies to link with their banks in real time. Automation Boutique offers implementation of Necto's premium #API, allowing companies to move to real-time treasury management and directly synchronise with their systems of choice, whether it be #PowerBI, #Excel, #Tableau, #TMS, #ERP, or any other system. Leveraging premium APIs for your bank interactions can significantly improve corporate treasury operations, offering benefits like: ✨ intraday liquidity management ✨ improved cash forecasting ✨ continuous payment rails ✨ seamless data integration ✨ immediate payment execution ✨ advanced liquidity insights, and ✨ up-to-the-minute payment statuses. Interested in discovering how real-time connectivity could benefit your company? Let's talk! #CashManagement #TreasuryManagement #PaymentsInnovation #CorporateTreasury #FinanceAutomation

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🔍 Open Banking Myth Busting 🔍 Is Open Banking a payment method? Is Pay by Bank an instant settlement payment rail? Is it true there is no fraud if Pay by Bank is the method of payment? Join us for this Main Stage event where Tyler Heun, VP of Digital Payments at Adyen, will remove the veil of confusion and dispel common myths about Open Banking. Tyler will share the significant value that Pay by Bank offers to both merchants and consumers. To wrap up, he will discuss the pros and cons from both perspectives. 📅 Don't miss out on this opportunity to deepen your understanding and stay ahead in the digital payments landscape! https://lnkd.in/gG6C4het #PaymentsEd #OpenBanking #DigitalPayments #Fintech #PaymentMethods #MerchantServices #ConsumerBenefits

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Mollie adds Riverty's BNPL payment method Netherlands-based financial service provider Mollie has partnered with BNPL company Riverty to add a flexible payment method for its customers. With Riverty, Mollie customers now have an additional option to pay afterwards, with a payment period of up to 30 days. The payment method helps to optimise onversion and further simplify the payment process. Riverty is available from today for Mollie customers in the Netherlands, Belgium, Germany, and Austria. Seamlessly integrated into Mollie Dashboard Thanks to this partnership, Mollie is once again expanding its range of BNPL payment methods. In total, Mollie now offers more than 30 different payment methods. Riverty's solution is seamlessly integrated with Mollie, allowing customers to activate it in their Mollie Dashboard with just a few clicks. Powering merchant growth Riverty offers increased financial security and credibility and prides itself with its merchant brand comes first approach. Its end-to-end BNPL service handles every aspect of the payment process—from payment selection to invoice acquisition to payment reminders and potential debt collection. The company offers extensive branding configurability at multiple consumer touchpoints, ensuring the merchant's brand remains front and centre. This unique approach enhances consumer loyalty and helps build a stronger, more recognisable brand presence. Executives from Mollie said Riverty is a recognised BNPL solution, and the company focuses particularly on the European market. At Mollie, they have the same focus, making their ambitions a good match. In 2023, they made great strides to further align their product offering with their customers' needs, with the launches of Mollie Terminal and Mollie Invoicing also being examples of this. By now adding Riverty as a payment method, ecommerce companies can offer their customers even more freedom in the payment process. In a reply, officials from Riverty said that joining forces with Mollie strengthens their commitment to helping their merchants to stay true to their brands while converting and retaining customers. They’re happy to be partnering with an ambitious and service minded fintech player such as Mollie to make this happen. Source The Paypers #fintech #payments #bnpl

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🚀 Fintech Hub LT member, ConnectPay, has launched the new European Fintech Index (EFI). ConnectPay has launched the new European Fintech Index (EFI), which provides key indicators of the attractiveness of the fintech industry in different countries of the old continent. The Index is the most comprehensive study of its kind to date, as it is based on the largest ever analysis of open data on fintech operating conditions. Lithuania, which aspires to become a European centre of fintech excellence, is ranked 11th in the overall ranking. 🌍 In the new index, the overall ranking is calculated by assessing three dimensions: the country's business environment, the fintech ecosystem and the overall attractiveness of the country's local market. The analysis of the individual verticals allows each country to identify both areas of strength and areas for growth. Lithuania ranks 7th in both fintech and business environment rankings and 11th overall, followed by the UK (9th), France (10th) and Norway (12th). In the market attractiveness segment, Lithuania ranks 18th. 🔍 For a deeper dive into the European Fintech Index and Lithuania's impressive performance, check out the full analysis: https://lnkd.in/dc-Z7yGB We look forward to leveraging these insights to drive further growth and excellence in Lithuania's fintech landscape! #FintechHubLT #ConnectPay #FintechIndex #Lithuania #Innovation #BusinessEnvironment #FintechEcosystem

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Are payments at the top of your agenda when entering a new market 🌐? They should be❗ Expanding into new markets brings a multitude of payment-related considerations 🤔, such as: 🔸 Which payment methods should we offer? 🔸 Which Payment Service Provider(s) can best support us in this market? 🔸 What local regulatory requirements must we adhere to? Any mistakes here can be costly, but getting it right transforms payments into your competitive edge 💪. Check out our case studies to see how Primer helps merchants address these considerations, seamlessly expand into new markets, and convert customers from every corner of the world 🔥. 🔗 https://lnkd.in/eQ8PSqx4 Resh Vamathevn

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Katanox, an Amsterdam-based #startup that facilitates direct B2B distribution of #travel accommodations and payments, announced it has secured a license from the Dutch National Bank to offer regulated payments services across the European Economic Area. Learn more about Katanox on #PhocusWire: https://bit.ly/4dDjhS3 #travelnews #travelindustrynews #travelindustry #travelstartup #travelpayments

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Tide Launches Business Financial Platform in Germany Dr. Oliver Prill, CEO at Tide, said: “Tide has a deep understanding of the pain points of the self-employed and freelancers in Germany – and we are here to help reduce these financial and admin management burdens with our business financial platform. This leaves small businesses to focus on the fundamentals, which is the management of their businesses, allowing them to save time and money. We’re currently working on rolling out our platform capabilities in Germany over the course of the year and beyond.” https://lnkd.in/g2Yqca5c #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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