Gregoire Toussaint

🚨 Acquisition is now official 🚀 Sulpayments Switzerland and GameCash Mexico, have announced their consolidation under a unified holding structure. This strategic move aims to leverage synergies between the two companies, combining Sulpayments' expertise in secure and efficient payment solutions with GameCash's stronghold in the gaming industry 📰 Read Full Article: https://lnkd.in/dPuKPi7f 📝 Another article: https://lnkd.in/dxN6R8-r Sul Payments #blockchain #payments #crossborder

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OBL has published Open Banking Standard v4.0 to assure future ecosystem growth. This is the first major release since 2018 and includes important mandatory updates to the security profile and widely recognized international messaging standards (ISO 20022). The release also includes optional updates to improve information flows (payment status and error messaging). Key changes in v4.0 Uplift from FAPI 1.0 Implements Draft 2 (to be fully deprecated by the end of 2024) to FAPI 1.0 Advanced Final – a mandatory implementation requirement. Key changes to align with ISO 20022, including fields required to meet Bank of England CHAPS requirements from 1 May 2025 – mandatory implementation requirement where marked. Improved information flows to facilitate provision of timely, definitive payment statuses and clear and consistent error messages – optional implementation requirement. https://lnkd.in/gpEnPxD4 Mahmoud AbuEbeid Biju Suresh-Babu Saleem Ahmed #payments #banking #data #openbanking #iso20022

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🟢 Embedded Banking as Lifestyle banking Interesting points from the talk: 🔹Next year 55% of all retail commerce transactions globally will be done using mobile wallet, only 30% by plastic cards 🔹Top 20 Banks account for 2.7 billion customers 🔹Top 20 Fintechs account for 3.8 billion customers with 🔹Customer Growth - 3% Banks vs. 200% Fintech 🔹Revenue Growth - 15% Traditional banks vs. 45% Fintechs 🔹Revolut reached 40 million customers, global bank HSBC 39 million Example of Embedded Banking (B2C or B2B2C) - When customer is shopping in grocery and getting declined the card payment due to insufficient funds and get the finance in real-time. Example of Embedded Banking (B2B or B2B2B) Bringing Accounting and ERP systems into banking system..to increase convenience for the Corporate users by avoiding having to switch different systems, avoiding unnecessary reconciliation..and providing ability to view future cash flow required via accounts payable and receivables Opportunities in Embedded Banking: 🔸Deposit acquisition… Apple Card via Apple Savings raised 1 billion USD in 4 days while Alipay raised 300 billions dollars becoming the largest deposit pool in the world 🔸Credit side - BNPL taking revenue away from Credit Card Programs. 🔸MYBank (Alibaba Group) accounted for incredible 40% of total lending for all SMEs in 2022 with outstanding approval process of 3-1-0 (3 minutes to apply, 1 second to approve, 0 human involved) 🔸🔝CEO of Federal Bank in India talked about spending 1 million USD on Branches vs. on Digital Deposit taking claiming that investing in Digital Deposit will get you 300x better chance of acquiring deposits digitally as compared via Branch #EmbeddedBanking #EmbeddedFinance #OpenBanking https://lnkd.in/g2kQRqQe

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Sulpayments Switzerland and GameCash Mexico, have announced their consolidation under a unified holding structure. This move aims to leverage synergies between the two companies, combining Sulpayments' expertise in secure and efficient payment solutions in Brazil and Latam with GameCash's Mexican presence.This makes receiving local payments in Latam fast, simple and compliant with settlements in fiat or USDT thanks to SulPayments authorisation in Switzerland.#blockchain #payments #gaming #GameCashs #Sulpayments #FDC #PR #LATAM

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One to watch: #wero / #EPI has launched 🇩🇪 - noting that few pan-European payment projects succeed. Some of the raw ingredients are there though: ✅ Own your own infra (#iDEAL 🇳🇱 and Payconiq International 🇱🇺) ✅ Start with person-to-person (#P2P) to build a brand and trust (cf. M-PESA Africa 🇰🇪 , Swish 🇸🇪 etc.) But embedding the #wallet within existing bank apps, rather than launch a new app? That strikes me as a costly mistake: ❌ No strategic control over service evolution (cf. #PayM 🇬🇧 🪦) ❌ Your new brand is secondary, if visible at all (cf. #MasterPass 🌎 🪦 ) Which is why I like the approach taken by (and so have invested in) TABBx and their app https://TABBit.uk - an open-loop, free-to-use service for P2P payments using #OpenBanking - in line with conclusion 5 of the Future of Payments Review by Joe Garner. Bottom line: they own their brand, it works with every bank, and you don't have to sign up to the TABBit app to pay someone back (no friction to use and adoption) #fintech #payments #startup #angel #venturecapital #request2pay #R2P #Account2Account #A2A https://lnkd.in/eYs2ZpYv

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I generally do not comment news, but this is quite interesting. Hopefully BaFin lifting N26 growth restrictions it is a sign of the adaptation of existing regulatory framework to digital banking #digitalbanking #n26 #AML #regulatorycompliance https://lnkd.in/dT6Qkd3h

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EPI launches Wero wallet in Germany The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months. German Sparkassen and Volksbanken, Raiffeisenbanken customers can now make instant money transfers from account to account between individuals, via their banking app. Deutsche Bank will launch wero later this year, starting with Postbank. Wero enables mobile payments from one phone to another. Unlike traditional transfers, Wero users do not need the recipient's 22-digit account number (IBAN). Instead, a mobile phone number or email address can be used for real-time money transfers. Next year, Wero will get the ability to pay any small professional from the wallet, and also pay merchants online and upon invoices via QR code. This includes the ability for consumers to manage recurring payments for subscriptions or installments, but also to pay in merchant apps at point of sale without going through the cashier. In-store payments at the cash register will also be added in 2026, along with other capabilities, such as BNPL, merchant loyalty, programme integration and expense sharing. https://lnkd.in/ev3nH8_Z

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🚨 Acquisition is now official!!! 🚀 Sulpayments Switzerland and GameCash Mexico, have announced their consolidation under a unified holding structure. This move aims to leverage synergies between the two companies, combining Sulpayments' expertise in secure and efficient payment solutions in Brazil and Latam with GameCash's Mexican presence. This makes receiving local payments in Latam fast, simple and compliant with settlements in fiat or USDT thanks to SulPayments authorisation in Switzerland. 📰 Read Full Article: https://lnkd.in/dPuKPi7f 📝 Another article: https://lnkd.in/dxN6R8-r Sul Payments hashtag #blockchain hashtag #payments hashtag #crossborder

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The Future of Payment Acceptance How digital payments are changing the consumer-merchant relationship? ⭕️ The Merchant’s prospective . ⭕️ Six Interview Themes. ⭕️ Strategies For the Future #fintech #payments #digitalfinance By Ingenico / Edgar, Dunn & Company

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💶 Are banks in Europe ready for instant payments? In this article, Finastra's Amelia Ruiz Heras notes that the upcoming EU instant payments regulation will provide a big opportunity for banks and PSPs to develop new services and revenue streams, while supporting the growth of new embedded payment use cases. However, with aggressive timelines ahead, institutions need to move quickly. In many cases, the only way to meet these timelines and avoid penalties will be by adopting a suitable Payments as a Service offering. https://okt.to/U8KMT6

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Sharing this insightful article by McKinsey & Company about the evolution of #payments in #LatinAmerica. #tldr, here is a summary: 💳 #debit payment is the preferred method of payment across 8 surveyed countries of Spanish speaking Latin America 💳 #mobile payments have been gaining ground in the last couple of years 💳 Those two payment methods are attractive for their #easeofuse and access to #promotions, leading to improved #bancarization 💳 The main #hindrance to wider use of digital methods of payment is the lack of #acceptance in the #localmarket 💳 #cash is still widely used in the #informal markets in the region 💳 Countries where digital payments like #qrcode is preferred differ from those where #tapandpay prevails 💳 #governments and #financialinstitutions have a paramount role to play in further #adoption of those new payment methods by lowering #friction and improving #userexperience

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If one third of European Banks that do not currently offer #instantpayments are unsure or unconfident they'll be ready for #SEPAInstant (source: RedCompass Labs), you can bet their institution's "bottom dollar" they are far from ready for the increase in #fraud that accompanies real-time payments. What's needed now is intelligent, learning technology that offers #SPEED and #ACCURACY in both transaction #MONITORING and #SCREENING. That's where Alertspeed comes in. With 96% payment screening accuracy and at lightning-fast speeds that enable you to #interdict and #prevent the fraudulent payments leaving, it makes moving to SEPA Instant just that small bit more comforting. Remember that fraud, and how your institution handles it, especially compensation, is going to become a hotly contested customer retention and acquisition issue. It's time to get ready. #Alertspeed is a multi-award winning, #RealTime, anti-financial crime platform recognized for Speed AND Accuracy.

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This week we published the #EY survey results on How European banks compare on readiness for EU payments regulations. The EU Payments package includes SEPA Inst, PSD3, PSR, FiDA and the digital euro, designed to make the existing digital finance infrastructure more competitive. It includes: 1) Streamline the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) with round-the-clock, speedy transactions and allow customers to verify the name and the International Bank Account Number (IBAN) of payees 2) Payment Services Directive 3 (PSD3) updates licensing and authorization for Payment and Electronic Money Institutions 3) Payment Services Regulation (PSR) strengthens Open Banking rules by harmonizing implementation across the EU and boosting consumer rights and protection 4) The Financial Data Access (FiDA) framework transforms Open Banking to Open Finance by extending data sharing to insurance, investments and other financial data 5) A digital euro, still in development, to accelerate the shift to digital in day-to-day transactions As these proposals are being finalized, it’s crucial for financial services providers to prepare for comprehensive changes across their organizations — from underlying digital business models to products, compliance, IT and legal — if they are to remain compliant and competitive. These changes will impact more than just an organization’s compliance and IT functions. For banks and many FinTechs — especially those that rely on data exclusivity - the changes will necessitate a major shift in their business model. The immediate challenge for banks will be updating IT systems to align with ECB standards. This could open opportunities for additional value-added services to serve new and existing customers. Looking ahead, the new environment will likely encourage and reward innovation. Susan M. Barton Dr. Jan Rosam Sigrid Hansen Clément Robert Nigel Moden Alex Birkin Omar Ali Christopher Woolard CBE Jan Bellens Abigail Viljoen Genevieve Marjoribanks James Sankey Jean-François Delorme Olivier Perrin Sven Schenkel Remi Hesterman Jeroen van der Kroft Zeynep Deldag Martin Dieussaert Sylvie Goethals Yannick Grecourt Christopher Schmitz Tom Bull Oliver Carew Simon Spencer Laurent Nossent Oliver Pugh Silje Arnesen Ioannis Bolossis, PMP, MSP Enrico Ugoletti Federico Guerreri David Castello David Ibáñez Melguizo Ben Lewis Khrystyna Valach 🇺🇦 Aadel HALIM

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Great insight from #FIS Kevin Flood - are you and your firm ready for the mandatory change in the payments landscape? Do you need assistance with your technology to support the impacts of moving to real-time? Consider; fraud, payments, real-time core, reconciliation - FIS are supporting clients with the change. Get in touch. #sepa #payments #instantpayments

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Instant Payments Regulation and the Impact on Cash and the Digital Euro At #EBAday2024, Nuria Mohedas Tamayo, Head of Payments and Digital Banking, Cecabank and Julio César F., Head of Business Development and Operations Support, #Cecabank, share their opinion on the new European #InstantPayments regulation. Join Cecabank as they explore the evolution of #cash in Europe and dive deep into what influence the new #DigitalEuro project could have, particularly in light of new regulations like #PSR. https://lnkd.in/eWKgNq74 #fintech #FinextraTV #finance #economy #money #innovation #future #trends #banking #financialinstitutions #digitaltransformation #regulation #instantpaymentsregulation #digitalcurrency #europeanpayments #paymentregulation

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Thanks again to the team of ABBL for bringing the Luxembourg banking community together during yesterday's Deep Dive on #InstantPayments, providing the audience an overview of the solutions for instant payments available in Luxembourg. Amongst others, Jonathan PRINCE, David-Jan Janse, Henrik Hodam and Claude MEURISSE joined the panel on Verification of Payee. Laurent Hupet of Sopra Banking Software joined the panel on local instant payment solution providers with Serge Munten of Banque Internationale à Luxembourg (BIL), Serge Wagener of Spuerkeess, and Michael Boel of Banking Circle, moderated by Claire Alexandre of PayPal. Key takeaways: don't underestimate the impact of 24/7 (think: reachability, liquidity management, support...); accelerate time-to-market while reducing cost by leveraging proven shared platforms; and the jury is still out regarding the future standard(s) for Verification of Payee ;-) Hats of to the ABBL team: Ananda Kautz, Galina Miroshnichenko and Mireille Adjaoute - thanks again! #InstantPayments #VerificationofPayee #IPR #PaymentsSolutions

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Amaiz MoneyNext Banking Transformation Summit 2024 🌟 Last week was packed with events, and the MoneyNext Banking Transformation Summit 2024 stood out as an exceptional opportunity for networking with industry pears. The future of banking starts here! The event featured over 250 expert speakers, 60 exhibitors, and 2000 colleagues, innovators from across the globe to assess the impact of digital transformation on banking and advance their digital journey. Co-located with MoneyNext, the summit brought together key players to explore important topics in the banking industry and provided essential networking opportunities. Key topics discussed included: ✅ Next-Gen Banking: Driving the Digital Revolution ✅ Intelligent Automation and AI: Trends & Insights Shaping the Industry ✅ Banking Transformed: The Next Wave of Innovation ✅ Redefining Digital Trust in Financial Services At Amaiz, we are always seeking innovation and striving to stay on top of the latest trends and advancements in the industry. The summit delivered profound insights and fostered meaningful connections. A heartfelt thanks to the organisers for orchestrating such an outstanding event! 👏👏 Looking forward to the next one! P.S. To those who attended, share your insights! #BankingTransformationSummit #FutureOfBanking #Fintech #BankingInnovation #DigitalRevolution #Networking #FinancialServices #BankingSummit2024 #Amaiz

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♟��� 5 PaymentServicesProviders & #Retailers challenges 5 #Strategies to offer them solutions for face them Ingenico & Edgar, Dunn & Company (EDC) presents our exclusive paper, “𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗔𝗰𝗰𝗲𝗽𝘁𝗮𝗻𝗰𝗲: 𝗛𝗼𝘄 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗮𝗿𝗲 𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝘁𝗵𝗲 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿-𝗺𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽“. 🔍 Based on #Paytech2024 attendees in-depth interviews, EDC analyzed the conversations of over 20 different businesses operating within the #PaymentAcceptance and processing ecosystem. This paper explores how the industry is responding to the evolving #Retail sector and establishes a “Merchant Management Framework”, consisting of five key pillars. These pillars outline the areas that Payment Service Providers (PSPs) should focus on to optimise their support for #Merchants in addressing the rising complexities of payment acceptance in the future. 🔗 Read It Now: Ingenico link

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