Dwayne Gefferie

"What we are saying is, hey, right now you have this unified infrastructure that allows you to do payment experimentation. And guess what, if you want to try and test different services, now you have access to an app store of services, you go in, in the Primer dashboard, they can just like toggle on and off, like the services you want to use. You can add test them, AB testing in the world of payments is simply impossible, right?" - ⁠Gabriel Le Roux The Asia Tech Podcast welcomed Gabriel Le Roux, a co-Founder and the CEO of Primer back to the show for a quick catch up. Gabriel had written a post on how Stripe's new openness would change the payment space and I wanted to record about it. Check it out on the Asia Tech Podcast YouTube channel as well...and subscribe! Listen to the full episode here... #payments #openpayments #fintech #platforms #interoperability #SME

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Exciting news! Knot has teamed up with Plaid, a Knot investor, as a preferred referral partner for card-on-file switching. With Knot's CardSwitcher™, users can set their credit or debit cards as the default payment across 100+ online merchants with just a few taps. Plaid customers can now import transaction history into Knot's SDK for even more seamless card switching ✨. This partnership aligns perfectly with our mission to create a user-centric financial ecosystem. Plaid's Transaction History, combined with Knot's CardSwitcher™, offers solutions for card issuers, merchants, and consumers. 🏦 Card Issuers: Achieve quick and efficient top-of-wallet placement 🏪 Merchants: Reduce transaction declines and improve customer retention by preventing involuntary churn 🏡 Consumers: Gain control over where cards are stored and how payment information is shared Thanks to Plaid for believing in our vision. Link in the comments for the full press release. If you want to utilize Plaid's Transaction Data with Knot, feel free to reach out!

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The valuation of OPay, the Nigerian fintech startup backed by Sequoia Capital and Softbank, has risen by over 30% since its Series C funding round in 2021, according to recent corporate filings by Opera, an early OPay investor. The valuation growth underscores how Nigeria’s digital payments boom is fueling the rise of a new crop of financial technology companies.

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It is very interesting to see Stripe decoupling embedded fintech from its core payments stack. This shows that Stripe's embedded suite is mature enough to stand on its own. This flexibility is very important to larger companies, which may want to use some elements of the platform but not all. Here at Tint, we also believe in flexibility, which is why we built our embedded insurance platform to be modularized. We offer the tech, services, and access to insurers that brands need to launch their solutions and let them choose from a plug-and-play solution to a bespoke combination of modules. In the end, flexibility will win in embedded insurance in the same way it won in embedded payments!

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Bundles or subscriptions? Why not both ? Bundles + Subscriptions bring together two powerful levers into one tactic: Get all of the AoV and margin benefits from a bundled product while simultaneously boosting LTV and repeat purchase rates via a subscription offering. It’s not surprising to see this blended tactic employed by one of the most successful DTC beauty brands in the game today - Sol de Janeiro. Let’s take a look at the Brazilian Icons Duo from SDJ: What I love about the strategy of this offer:  -“X for the price of 1”: How many additional purchases can I get that customer to make after only paying to acquire them once?  -Building future upselling opportunities: In this example, not only do you get the recurring subscription revenue but you also introduce up-selling opportunities from the samples they choose to include with this purchase. Now imagine hypothetically, that they did this with other top selling SKUs? That’s how you create a force-multiplier in your business with your pricing strategy. #growth #DTC #ecommerce #marketing #business #strategy

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🇳🇬 Is Nigeria banning crypto again?  P2P trading faces restrictions due to fears of Naira manipulation! Our blog breaks down the drama & the impact on fintech  #Nigeria #Cryptocurrency #Fintech #Naira

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More lawsuits against visa and Mastercard for their charging model, or rather toll, on financial transactions between consumers and retailers. They recently lost a $30bn suit in the US as small businesses claimed refunds and caps on fees. Is there an ethical issue in how they charge (% of transaction value with a minimum fee) ? Have they become so big they are really just monopolies disguising themselves as free market enterprises? Are they harming innovation in payments which could lead to new methods which are faster/cheaper//safer/more inclusive ? I’m always curious about ethical pricing models and innovation. Is there an inflection point when you become a utility and should adopt a cost + model versus a share of value model? #pricing #economics #ethicalpricing #innovation #product

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📊 Do all roads in fintech lead to license aggregation? 📌 In Feb ‘24 the # of fully licensed payment aggregators (PA) was 15. By May, it ~2x’ed to 27 📌 New entities with a full PA license: CAMS, Toucan, Concerto, Boku, Unlimit, Worldline, CCAvenue, Innoviti, Mswipe, Groww, AmazonPay & Finacus There are others with in-principle approvals & not full licenses (yet) ✅ 33 PAs are in-principle approved & can operate. Major names: PayU, Phonepe, PineLabs, and fintechs such as CRED, Mobikwik, Eazebuzz & Adyen ✅ 11 are approved, & can’t operate. Ex: Nium, Payglocal 60+ PAs? That's pretty crowded. 📌 For ecomm players, a PA license could be more for optionality - enable negotiating power and build in the future (if needed). And for tech & non payment fintechs, a bundled offering: Ex: Microsoft Teams Vs Slack strategy. As companies scale they graduate to multiple PAs, so this could be an added benefit non payment players offer to win clients for their core offering, not necessarily a PA play But that solves for non payment players. Even within payments it’s crowded: ~15 core PAs with some form of license that can operate ✅ Full license & core PA: Razorpay, Paymentz, CCAvenue, Cashfree, Stripe, Worldline, Boku, Unlimit ✅ In-principle approval & can operate: Core PA: Adyen, Eazebuzz, PayU. Non core PA but scaling: PineLabs & PhonePe. Payments Tech: Juspay 📌 And interestingly: 6 /10 Top UPI Fintech Apps (vol. and val.) have some sort of PA license (Phonepe, Gpay). Maybe an early indicator of future movement of UPI App to PA? But it's too soon to tell 📌 Product builds are momentary moats. So the differentiating factor could be licenses, which allow additional monetization & experience. Ex: Prepaid Instruments (PPI) for gifting/loyalty & Account Aggregators (AA) for seamless information sharing 📌 Some PA’s have already started. Below are the PAs (in stages of approval) with multiple licenses: CRED: PA, PPI, NBFC PhonePe: PA, PPI, AA Nium: PA, PPI Razorpay: PA, PPI Pinelabs: PA, PPI, AA Digio: PA, AA AmazonPay: PA, PPI Mobikwik: PA, PPI Sodexo: PA, PPI 📌 Of PAs, CRED, Groww, Zomato, PayU & TATA have affiliated NBFCs. Others like Fi & Jupiter are neobanks - I suppose if not banking then an NBFC is the next best thing 📌 NBFC licenses are highly coveted. There are 9500+ NBFCs in India, most of which are dormant, which fintechs seek to acquire. But RBI is reluctant to give them out 📌 But why? Could be overlapping ownership. The same VC / PE’s have invested in multiple fintechs, some of which have received NBFC licenses. RBI generally is not in favor of the same entity holding multiple NBFC licenses and has extended that logic to investors. That’s probably why OneCard and others were rejected: Matrix is an investor in OneCard & Jupiter, and Jupiter has an NBFC license To read the full article, and other pieces like this, click below: https://lnkd.in/gftFhKV3 #fintech #PA

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Kraken Announces Delisting Of Privacy Token Monero In Ireland And Belgium Cryptocurrency exchange Kraken has recently announced its decision to delist Privacy Token Monero (XMR), a popular privacy-focused digital currency, from its platform for users in Ireland and Belgium. Kraken posted a notice revealing that it would halt the trading and deposits for XMR from May 10, 2024, and all margin trading positions must be closed before the deadline. https://lnkd.in/gtvDATe3 #KrakenExchange #Monero #PrivacyToken #Delisting #CryptoNews #Cryptocurrency #CryptoExchange #RegulatoryCompliance #Blockchain #Technology #Belgium #Trading #withdrawal #BTC #transaction  #Monero #community #development TYCOONSTORY CoinMarketCap CoinJournal TheBlock.agency CryptoCompare CryptoHeadz

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Apple Pay is now used more than PayPal for in-store mobile purchases. Find out more. https://lnkd.in/dGn2Xj9p #applepay #investing #paypal #digitalpayments #stockmarketnews #fintech #unitedstates #businessnews #financialtechnology #onlineshopping #ecommerce

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I recently talked with Paz Yanover, VP of Product at Amplication, about creating and managing effective docs. Here is his developer docs success formula (check 1st comment): In this interview, Paz shares his formula to creating developer docs that drive product adoption. You'll learn: - The important role docs plays in support and attracting devs - Tips for balancing technical accuracy with user-friendliness in your docs - Strategies for effective collaboration between technical writers and product teams Check the first comment for the full interview. --- Enjoy this? ♻️ Repost it to your network and follow Derick Ruiz for more.

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📱Amidst the hype around #iOS18's myriad new payments features, it was a little update buried in Photos that caught our eye here at Receiptable 👀 🛠️ Under "Utilities" you'll soon see a sub folder containing anything Apple detects as being a #receipt. Not digital receipts. Just photos of paper on your phone. Sounds pretty dumb right?🤦🏼‍♂️ Well, yes and no. 🧾 People need to keep their receipts for expenses, exchanges, warranties. But they still typically get these as pieces of paper 📝 Which fade / get lost / turn into that horrible pocket dust in the washine machine 🧺 So in this non-sensical world of taking photos of pieces of paper, Apple actually bothered to roll-out a feature for it. 📸 What they actually want to do is help you keep the clutter out of your photo stream. And we couldn’t agree more. That’s why at Receiptable we’re on a mission to deliver digital receipts to the #bank app you already have on your phone. No more taking photos of paper! #fintech #retailtech #mena

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It’s official. The “Buy Now, Pay Later” checkout financing model first made popular by companies like Klarna - and later AfterPay and Sezzle - is here to stay. There are over 15 such companies deemed worthy of watching in 2024. Consumers aged 35 and under are said to be using payment-splitting services like these more than traditional credit cards. The amount of, and age of, consumers favoring these options, plus the types of things they’re being used to purchase, are very telling. As a leader, think about what these trends point to. How can you leverage that knowledge in your organization? 💻 Sources Cited: https://buff.ly/3xy3wLn https://buff.ly/4chedlv #Resilience #KeepGoing #BounceBack

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Paypal Is Building an Ads Platform: Klarna Envy? In no universe should Klarna be exploring a $20B IPO, worth about one-third of Paypal. The only reason is criminal neglect of the Paypal enterprise in the past 20 years. The new CEO of Paypal seems to be trying to correct some old mistakes. We actually can't know right now which items are checkbox buzzwords, and which items are here for the long term, and have legs. Similar to Microsoft making Google dance on AI, Shopify and the broader payments market is making Paypal dance on innovation, or continue to a slow march to irrelevance. As far as the Paypal advertising network announcement. Here are a few things mentioned in the release: * Millions of consumer and merchant relationships. * New leadership, Mark Grether does have a tremendous history in the advertising/media space. Amazon, Sizmek, Uber Ads, etc. Paypal ads "will use customer insights to build a dynamic, truly personalized platform that will drive better advertising spend performance for merchants while delighting consumers with compelling offers. " So, yeah, we know almost nothing right now. It's just as likely to get in the way of a transaction as it is to be helpful, until we learn more about the ad surfaces involved. Paypal has wide reach, so it makes sense for them to explore. Right now, this is more of a wait and see proposition than anything else. It sounds like the Paypal CEO feels they can transform their payment experience at the same time they add big new initiatives. We will find out soon if they are correct.

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I spin my wheels enough to recognize when others get traction. Behold, reusable payment requests in bolt12 is essentially asynchronous partially applied payments. I expect to see entire AI infused shadowy online cabals take the form of a curried function calls transcending time, space, and moral perspective. Viable investigative journalism or Biff's Back to the Future? https://lnkd.in/gyDBmbc9

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💎 Hiring: Head of Sales, web3 / crypto payments infrastructure, £100m+ raised This is one of our biggest roles yet! At jems, we only hire roles we know intimately, meaning we’ve done them ourselves or directly managed someone else. I have a soft spot for sales, so I’m very pleased to partner with Jose, Taz and the Ramp team to find their Head of Partnerships (Sales). 📽️ Here are my thoughts on the role! I’ve led Sales in 3 roles - this Head of Partnerships (Sales) gig with Ramp really is a belter. All job details on jems’ page. Tag someone who might like this, or DM me! #marketing #web3 #payments

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Today I have this proposal: \\" I wanted to get an accurate cost as to having these 2 Payment providers integrated on our website (client area): STRIPE - ACH, SEPA & BACS- Braintree and Paypal EXPRESS CHECKOUT (for the purpose of receiving payments from clients). What do we need to do to our end, e.g sign up to their services as a client etc. We want the job to be for 1 week, what sort of access do you need? Here is the website, it's a wordpress website: https://www.... ... .../ How long will this task take? What is your charge? We will need maybe 1 month support in case some error should occur and add that to your charge. "\\ Someone knows how to do this ?)

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KOY 2.0 recently launched the KOY Advance Phase 1 with the $KOYN Early Bird Event a few days ago, offering early adopters a chance to swap their EOS, TLOS, WAX, or USDT (on EOS) tokens for $KOYN. As Africa’s first Decentralization-as-a-Service (DaaS) provider, KOY 2.0 is set to transform the landscape of decentralized innovation. $KOYN is the native token of the KOY 2.0, essential for accessing a suite of DaaS solutions that include smart contracts, secure data management, and more. With $KOYN, businesses can streamline their operations and participate in a thriving ecosystem that supports growth and innovation in the digital age. Early participants are able to acquire $KOYN at an attractive price of $0.05 per token, with a cap of 50 million tokens. What makes KOY 2.0 unique is its comprehensive suite of secure, scalable, and intuitive solutions tailored for African enterprises. The platform supports sectors such as fintech, paytech, IotT, greentech, and AI, acting as a launchpad for transformative applications. The tokenomics are straightforward, with a clear and predictable staking rewards system that ensures regular distribution from a dedicated pool, fostering trust among $KOYN holders. To participate in the Early Bird Event, participants needs to select their preferred blockchain (EOS, TLOS, or WAX), prepare their tokens, and send them to the account ‘koyadvancesw’ on their chosen blockchain. One has to include their destination public key/account in the transaction memo. Transactions are processed within 24 hours, and progress can be tracked through the KOY Network block explorer. The event features a tiered bonus system to incentivize larger swaps, offering bonuses of up to 25%. The swap rates are final and non-refundable, with acquired $KOYN tokens staked and vested for six months or until after the exchange listing. Running for two weeks, this event provides a limited opportunity to secure $KOYN tokens and join the KOY Network revolution. Stay updated by joining the KOY Jumuiya DAO Telegram Community chat and become part of Africa’s decentralized future. #KOYv2 #KOYJumuiyaDAO #KOYJumuiya

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