QI Tech (the “Company”), a leading financial services infrastructure provider in Brazil, today announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a leading global growth investor, as well as Across Capital.
Best Buy has launched a retail media partnership with consumer technology publication CNET that is designed to reach more shoppers.
Each company has its own special plans for the Quest mixed-reality device.
The Securities and Exchange Commission is evaluating whether exchanges’ current surveillance and enforcement mechanisms can handle Bitcoin exchange-traded products (ETPs).
The author of "Burn Book" says argued that the cryptocurrency sector has been caught up in a "huge hype cycle" with a considerable amount of "scammery" involved.
Airwallex, the global payments and financial platform for modern businesses, has launched its payment acceptance solution in the US, enabling merchants there to accept payments from domestic and international customers. Using the Airwallex payment acceptance solution, foreign merchants with US entities can provide a localised payment experience to their US-based customers, which could unlock higher acceptance rates and lower operating costs. According to a recent study, over half of consumers worldwide expect to increase their purchase frequency from overseas merchants, despite macroeconomic difficulties. For merchants to capture that opportunity, Airwallex explained that a localised checkout experience is essential, as 93 per cent of consumers report seeing products priced in their local currency impacts their decision to purchase, and 77 per cent say they are likely to abandon their cart if their preferred payment method is unavailable. Ravi Adusumilli, executive general manager of Americas at Airwallex Ravi Adusumilli, executive general manager of Americas at Airwallex, discussed this opportunity and explained how Airwallex hopes to help them take advantage: “With payment acceptance live in 35 markets across Asia Pacific, Europe, and now the US, Airwallex is poised to take on the biggest names in online payments. “We’re investing here for the long term, showing businesses of all sizes what a truly global financial infrastructure can deliver. The opportunity we’re delivering is two-fold: helping US companies tap into a global customer base, and helping businesses around the world access the massive US market.” Merchants can also settle transactions in their customer’s preferred currency and hold those earnings in their Airwallex wallet without being forced to convert, preventing additional FX fees that take one to two per cent of every dollar earned. Airwallex now supports merchants in 35 countries with payment acceptance services, enabling them to grow their business with access to a global customer base. Targeting expansion Merchants can offer a variety of alternative payment methods when using the acceptance solution – such as Klarna and PayPal – as well as locally relevant payment methods for shoppers outside of the US – such as GrabPay in Malaysia and Singapore, iDEAL in the Netherlands, and Giropay in Germany. Airwallex aims to serve customers of all sizes with various solutions, including simple payment links attached to invoices, integrations with popular e-commerce platforms like Shopify and WooCommerce, or highly customised checkout experiences built on Airwallex’s APIs. Software platforms that are looking to embed and monetise their own payment products can also leverage Airwallex’s APIs to build their solution. The news comes as Airwallex continues to invest in hiring, product development, and market expansion to support its exponential growth in the Americas region. In 2023, Airwallex expanded into Canada and revealed plans to enter Mexico, following a definitive agreement to acquire MexPago, a Mexico-based payment service provider. The post Airwallex Expands Payment Acceptance Solution to Help US Merchants ‘Tap Into a Global Customer Base’ appeared first on The Fintech Times.
This week on the Finovate Podcast, Finovate VP and podcast host Greg Palmer sat down with Brian Lee, CEO of Landings Credit Union. Their conversation comes in advance of a special session at FinovateSpring next month, dedicated specifically to the credit union ecosystem. A part of Landings Credit Union for nearly a decade, Lee has spent the last four years as CEO. He started as CFO of the Arizona-based financial institution and, before that, worked as both a regulator and in public accounting. Founded in 1953 as “Tempe Schools Credit Union,” Landings Credit Union today has more than 15,000 members and assets of more than $238 million. Last year Landings CU received the Dementia Friendly business designation, which ensures members that credit union staff are trained to both recognize and support individuals with Alzheimer’s disease or dementia. “In Arizona we are the fastest growing state for new cases for Alzheimers,” Lee explained, “so it’s a big deal here for us.” This year, the financial institution garnered national recognition for its commitment to financial inclusion, earning the Juntos Avanzamos designation. The designation recognizes the work done by credit unions to serve and empower Hispanic, Latino, and immigrant communities. A national network launched in 2015, the Juntos Avanzamos program has a presence in 29 states, serving more than 12 million consumers at 141+ credit unions in the U.S. In their Finovate podcast conversation, Palmer and Lee talk about using technology to bring new projects to life in the context of these recent successful outreach efforts. “How can we comb through our data and find these new data points that we’re looking for, aggregate (them), and say ‘Let’s be the ones who are going out and reaching out to people’,” Lee explained. “Whether from our own data or community data that’s out there: how do we use that to be able to serve more people?” Check out Episode 213 of the Finovate Podcast and the rest of Greg Palmer’s conversation with Landings Credit Union CEO Brian Lee. Photo by Jean Balzan The post The Finovate Podcast: How Credit Unions Use Technology to Bring New Projects to Life appeared first on Finovate.
B2B innovation continues to grow, including the advent of the artificial intelligence accountant and the increasing use of virtual cards.