Alexandra Dizon’s Post

GCash (Mynt - Globe Fintech Innovations, Inc.), the leading financial app in the Philippines, launched a new update called Green Transaction Alerts. This lets users see how much carbon they have saved by sending money and making bank transfers digitally. The Green Transaction Alerts are part of GCash's ongoing commitment to sustainability. In 2019, they partnered with the China Beijing Environmental Exchange to calculate the carbon emissions saved by switching from physical transactions to digital ones. These new alerts use the same calculations, so users can actually see the environmental impact of their digital choices. “Sustainability is embedded in the way GCash conducts its business, and we’ve provided ways for our users to see how their actions on the app also contribute to environment-friendly actions that ultimately protect our planet and contribute to a greener future,” GCash Sustainability head CJ Alegre said. 🔗 Read the full article here: https://lnkd.in/djPyzkxW ----- 👉 Visit www.knowesg.com for more sustainability news, courses, events and ratings 👉 Follow us to stay up to day with everything ESG 💚 #esgnews #sustainabilitynews #knowesg 

Anchor (YC S22), a Nigerian banking-as-a-service (BaaS) provider, has raised $2.4 million in a seed funding round led by Goat Capital, with participation from FoundersX, Rebel Fund, Y Combinator, Byld Ventures, and others. “Anchor partners with regulated banking institutions. By doing this, it claims to help businesses shorten the process of building banking products from years to days. The fintech catered to only customer accounts when it first launched. However, according to Anchor co-founder and CEO Segun Adeyemi, Anchor’s APIs now support business accounts, card issuance, bill payments, bulk disbursements, cross-border payments, and developer-only features such as an audit log system and developer webhooks.” Speaking about Anchor’s plans, co-founder and CEO Segun Adeyemi said: “We want to improve our end-to-end compliance system, invest in value-added products like our ledger system, and onboard more customers.” Via TechCrunch. https://lnkd.in/d-gM7Nv7 Olamide Sobowale, Gbekeloluwa Olufotebi O. Simeon #fintech #financialservices #africa #banking #digitalbanking #bankingasaservice #nigeria #funding #fundingnews

#StartupNews🚀: PB Fintech expands into payments with new subsidiary, #PBPay! Exciting news for the fintech world! PB Fintech, the parent company of Policybazaar.com, has announced the incorporation of a new wholly-owned subsidiary, PB Pay. This move signals PB Fintech's entry into the payment aggregation business. PB Pay will focus on providing offline and digital payment acceptance solutions for merchants, streamlining their payment processes. The subsidiary is being set up with a ₹50 Cr authorized share capital and a ₹27 Cr paid-up capital. Once incorporated, PB Pay will apply for a payment aggregator license from the Reserve Bank of India (RBI). This strategic expansion positions PB Fintech to become a one-stop shop for both insurance and payment solutions, enhancing their value proposition for both businesses and consumers. #Fintech #Payments #PBFintech #PolicyBazaar #Expansion #BPlanadvisors #Buildingbusiness

𝗔𝗺𝗮𝘇𝗼𝗻'𝘀 "𝗝𝘂𝘀𝘁 𝗪𝗮𝗹𝗸 𝗢𝘂𝘁", 𝗩𝗼𝗹𝗼𝗽𝗮'𝘀 𝗖𝗹𝗲𝗮𝗿𝗕𝗮𝗻𝗸 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗦𝗼𝗹𝗮𝗿𝗶𝘀' 𝗦𝗼𝗮𝗿 𝘄𝗶𝘁𝗵 $𝟭𝟬𝟰𝗠 All this and more in Edition #111 of the Future of Fintech Newsletter - Your Weekly Fintech Brew ☕ 📰 The past week in fintech was all about seamless in-store payments, credit scoring on the rise, and open banking taking the wheel! See how innovation is driving smoother transactions, flexible financing, and data-driven lending! Your weekly download of the #Top5 🖐🏽 fintech moments: ➀ Expansion of Embedded Finance ↳ Amazon leveraging Stripe for its 'Just Walk Out' technology and Galileo Financial Technologies expanding its BNPL offering to offer post-purchase instalment payment options exemplify how the integration of financial services into non-financial platforms continues to grow. The integration of embedded payments is likely to continue as consumers seek more flexible payment solutions. ➁ Licences Offered Globally ↳ Zodia Custody's acquisition of a Trust or Company Service Provider (TCSP) licence in Hong Kong and Kuda Bank securing payment licences in Tanzania and Canada signify a maturing infrastructure for diverse fintech needs - tapping into the growing demand for digital banking solutions globally. ➂ Industry-Specific Credit Strategies ↳ Caspian One | FinTech's partnership with credit unions, CRIF-BMW Group partnership for open banking-powered credit checks, and Snoop's integration of a free credit score service with its money-saving app in partnership with Equifax reflects the potential for industry-specific fintech solutions to address unique market needs and drive digital transformation, especially within the credit space. ➃ Focus on SME Services ↳ The partnership between paytech Volopa and ClearBank highlights the growing emphasis on providing tailored financial services to SMEs. This sector represents a significant market opportunity, driving innovation in payment solutions and lending. ➄ Consolidation for Integrated Financial Solutions ↳ nCino, Inc.'s acquisition of DocFox reflects a move towards consolidation within the industry, aiming to create unified platforms capable of managing entire client lifecycles efficiently. Start your week informed with our weekly Future of Fintech newsletter. Sign up now and get the latest industry trends, innovations, and insights delivered straight to your inbox!➡️: https://lnkd.in/gG-NSVh9 #fintech #news #embeddedfinance #openfinance #digitalfinance #greenfinance #infrastructurefinance #DeFi

GCash (Mynt - Globe Fintech Innovations, Inc.), a leading Philippine digital payments company, faced increasing challenges in managing explosive growth in cashless transactions during the COVID-19 pandemic.  The rapid shift to online payments placed a huge strain on GCash's existing infrastructure. To adapt to this rapid growth, GCash prioritised scalability. They invested in cloud-based infrastructure that could elastically adapt to meet fluctuating demand. This allowed them to handle the surge in transactions without compromising service quality. The scalable infrastructure ensured GCash's systems could withstand the increased load, preventing outages and disruptions during a critical time. By maintaining smooth operations, GCash continued to deliver a seamless payment experience for its growing customer base. GCash's scalable infrastructure allowed them to capitalise on the increased adoption of cashless transactions, expand their services and acquire new customers during a period of significant economic change. Prioritising scalability can be a key driver of operational resilience. By adopting a flexible and adaptable infrastructure, companies can effectively manage disruptions, maintain customer satisfaction, and seize growth opportunities. #resilience #resiliencebuilding #scalability #payments #paymentinfrastructure #infrastructure

We’re more than halfway through Sibos 2023 in Toronto🇨🇦, and the Wise Platform team is still buzzing from the launch of our new Correspondent Services solution and our collaboration with Swift to give banks more optionality in modernising their #payments #infrastructure! On the topic of modernisation, Ryan Zagone, commercial lead at Wise Platform, spoke on an excellent panel on the future of corporate #banking, alongside speakers from Google, BNY Mellon, Axis Bank and McKinsey & Company. They covered: 🌎The urgent need to provide small #businesses with fast, low-cost and transparent cross-border payments options to support their global expansion in a challenging economic landscape. 💸How businesses rely on fast, reliable payments to maintain crucial vendor, supplier and employee relationships through invoicing, bill pay and #payroll options. 🤝How, to meet these needs, businesses are looking to neobanks, #FinTechs and business tool providers, and how this is increasing demand from #banks for partnerships that enable them to build out new digital products quickly. To learn more about how Wise Platform is helping 70+ banks and global enterprises offer their customers a faster, lower-cost way to send, spend and manage money internationally directly, see: https://platform.wise.com/ To learn more about Correspondent Services see: https://lnkd.in/eMqQ-D4z

"Our payment processing partner is key. We've worked with [NMI] for a number of years. They're easy to work with and reliable. We get great service from them. We've been really, really happy, and so have our customers. If someone needs a new payment processing partner, I would recommend NMI." - Benjamin Wileman, EasyPay Network Director Watch our full video case study below to hear why EasyPay Network chose to partner with NMI and what their team loves about our payment processing solutions. ✨ #Payments #Fintech #FintechNews

A bold move by bunq ! It is a very crowded space in the UK with Kroo, Monzo, Revolut, Starling, and others trying to gain more market share. It will be interesting to watch how bunq will differentiate its offering. #fintech #innovation #digitalbanking #bankingindustry #fintechinnovation

HSBC is looking to challenge a space where FINTECHS have had a lot of success - international payments 🚀 🌍 Europe's largest bank (13.5 million active customers in the UK across HSBC, First Direct, and M&S Bank) is reportedly launching a new app, Zing, which it promises will enable cheap international payments. 💸 Open to non-HSBC customers in the UK, Zing is trying to compete with leading fintech platforms like Wise and Revolut, gaining popularity in recent years. 📲 Nuno Matos, CEO of HSBC’s global wealth and personal banking business, emphasized Zing's global ambition. 'Zing isn't just an app; it's our strategic move to "attack" the payments market' according to Matos 🔥 Expect to see Zing expanding to Asia, the Middle East, and EU markets in the near future. 🌐 Global financial giants are stepping up their game to take on the booming fintech start-ups! 💼 From cross-border payments to mobile investing, the competition is fierce. 📈 Wise's shares soared 50% in 2022, and Revolut, boasting 26M+ users, anticipates a whopping 70% revenue jump to $2B in 2023! 🚀 #hsbc #fintechsolutions #paymentsinnovation

The provider of fixed fee international transfers, Atlantic Money, is now offering its service to businesses for the first time – shortly after its inaugural year of operation. Starting today, companies in 29 countries can send up to one million pounds abroad at the current exchange rate for a flat fee of £3. With this launch, Atlantic Money provides businesses with a new opportunity to save on their global payments during times of rising inflation and logistical post-corona issues, while formerly cheap providers have sharply increased their transaction costs. The price increase was driven by two of the largest fintechs in this market: Revolut raised its fee for international business payments by 50% on July 23, Wise by up to 20% on April 23.1 The two UK fintechs serve over 45 million users in total. ‣ Source: https://lnkd.in/etj89PDt ‣ Join 50k other FinTech Fanatics and sign up for my daily FinTech Newsletter here: https://lnkd.in/eVNvGnDW #fintech #fintechnews #fintechindustry #fintechinnovation #financialsolutions #financialservices