Revolut announces merchant acquiring solution for businesses

Dixie

Revolut has extended its business product offering by offering a merchant acquiring platform from which businesses can accept online card payments.

Revolut announces merchant acquiring solution

Revolut’s chief executive Nik Storonsky announced that merchant acquiring unit will allow businesses in 13 European countries to accept card payments online directly into their account.

The product makes Revolut a direct competitor to Stripe and Ayden in what is now a high growth market.

Revolut Business Acquire will form part of the bank’s business starter pack which it claims provides firms with a solution to help them manage everything in one place without

Read More

WhatsApp launch WhatsApp cart for integrated m-commerce

Dixie

WhatsApp has introduced a new shopping feature called WhatsApp cart for an easier more integrated m-commerce shopping experience on the platform.

WhatsApp launch WhatsApp cart for integrated m-commerce

The “Add to Cart” feature  enables users to browse through catalogues and include multiple products from one merchant. They can then share it with the seller to place the order directly through the app. The WhatsApp carts feature comes within days after the Shopping button was added to WhatsApp in November for both iOS and Android users.

The app has started showing a storefront symbol beside the name of the business accounts,

Read More

Worldline signs a strategic commercial acquiring alliance with ANZ Bank

Dixie

Worldline has signed a major strategic commercial acquiring alliance with ANZ Bank, one of the largest banks in Asia-Pacific and Australia’s 3rd largest acquirer with a 20{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} share of transaction volumes processed in Australia.

Worldline signs a major strategic commercial acquiring alliance with ANZ Bank

Australia is a highly attractive and strategic market for Worldline. It is the 14th largest economy in the world and the 5th largest in Asia. It enjoys robust economic performance with a low unemployment rate and limited public indebtedness, sustained by its consistent policy frameworks, strong institutions, attractive investment environment and deep trade ties with

Read More

BaaS report 2021: The Future of Banking-as-a-Service

Dixie

The COVID-19 pandemic has accelerated the digital transformation journey, with increasing numbers of non-finance digital brands embracing Banking as a Service (BaaS).

At the same time, there remains a huge opportunity for banks to gain customers and offer a greater range of services to existing clients. BaaS is increasingly seen as a way to complement banks’ core businesses, according to a new report by Equinix.

It offers an easier, cost-effective way to get new products to customers and access new geographies. With the embedded finance industry set to be worth $7.2 trillion by 2030, early adopters will be the

Read More