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Viva.com unveils two new features to simplify payments in Europe
European neobank Viva.com has launched two new features designed to simplify business across the continent.
The first new feature, real-time payments gives the Viva.com merchant community near-instant access to their funds. Transactions are now settled in up to 60 minutes, compared to the previous next-day settlement system.
The second new feature, Offline Payments, was developed to ensure that Viva.com merchants can minimize the risk of losing sales due to network connection problems or interruptions. Offline payments allow card transactions to be automatically accepted, even when the merchant is offline at the point of sale.
“The last thing a business wants is to be waiting for funds to come through on a sale that’s already been completed, or worse yet, missing out on a sale due to network connectivity issues. With Real-Time Settlement and Offline Payments, those issues are a thing of the past. Near-instant payments, 0% transaction fee options and the possibility to complete sales under even the most challenging connectivity conditions are in-house-created features specifically designed to support our merchants, no matter their size or location.”
Kostas Xiradakis, VP Product and Growth at Viva.com.
Viva.com payment solutions are designed to help businesses of all sizes with innovative tools to streamline operations and increase revenue. The viva.com Terminal app turns smart devices into card terminals, while the viva.com Smart Checkout payment gateway increases conversion rates by up to 21%; both offer more than 30 payment methods.
These new features will initially be enabled for companies with viva.com accounts, thereby optimizing cash flow and managing costs. Real-time payments and offline payments are the latest additions to Viva.com’s suite of commerce products, including Business Debit Cards to manage, automate and monitor business expenses, At the same time, reduce costs by 0% transaction fees.
Credit Unions Benefit from Advanced Functionality and Expanded Capabilities with Fiserv Core Platform Enhancements
Fiserv, Inc., the world’s leading provider of financial services and payments technology solutions, continues to enhance its core banking platform to deliver greater agility, fundamental resilience better infrastructure and greater scalability, enabling innovation and growth for credit union customers.
One of many Fiserv cloud platforms, Fiserv Portico® enables credit unions to operate more efficiently while meeting the needs of today’s members. More than 500 credit unions currently use the platform.
After recent updates, Portico now operates in a cloud environment in Microsoft Azure. Continuous technology upgrades and third-party integrations enable credit unions to deliver superior digital and direct financial services from anywhere, anytime.
“We are focused on powering credit unions with technology that allows them to operate more efficiently and respond quickly to their members’ changing needs,”
“With the migration of Portico to the cloud, clients will enjoy greater flexibility, with the ability to enhance the experience of both staff and members, and will be able to access additional capabilities via both Fiserv and third party integrations.”
Doug Donofrio, senior vice president and Head of Credit Union Solutions at Fiserv.
The cloud-based deployment model helps financial institutions deliver maximum uptime, helping to deliver consistently great customer experiences to credit unions and their members. Benefits include enhanced monitoring tools, architectural improvements for greater speed and efficiency, tightly monitored controls, and compartmentalized disaster recovery environments, Reduces complexity and potential points of failure.
New Integrations Equip Credit Unions for Innovation
Recent third-party integrations into Portico include MessagePay, a solution that allows credit union members to make self-service ACH and debit card payments for their outstanding debts, and Eltropy, a digital conversation platform that optimizes two-way messaging between members and families. credit unions, with documents generated directly from the Portico platform.
Honolulu Fire Department Federal Credit Union took advantage of MessagePay and Eltropy’s integration with Portico, creating a real-time solution for members to make loan payments and see results immediately in their digital banking applications.
“We pride ourselves on offering unique solutions to our fire department and firefighter membership, equipping them to manage their finances in the ways that are most convenient for them, at any time of the day or night,”
“With Portico at the heart of our credit union, we have the flexibility to quickly respond to our members’ changing needs.”
Guy Usui, CEO, Honolulu Fire Department Federal Credit Union.
Based on a service-oriented architecture, Portico is a trading account processing solution that supports a sophisticated, real-time service desk with a zero-trace infrastructure that delivers unprecedented reliability. Portico supports credit union growth by providing intuitive user experiences, streamlined workflows, and rapid training.
In a world that is changing faster than ever, Fiserv helps its customers deliver solutions for the way people live and work today – lifestyle-driven financial services.
Stax Payments Acquires APPS, Expands Technology Stack to Offer Bespoke End-to-End Payment Processing Experience
Stax Payments, a leading payment technology provider, today announced the acquisition of Atlantic-Pacific Processing Systems (APPS), creating a seamless end-to-end payment processing platform . The APPS integration marks a significant expansion in Stax’s technology stack, providing partners and merchants with flexible and customizable options for their payment processing needs on one cohesive platform. final, unique.
“Our partners and customers want a simple, secure, multi-channel payment experience, not only for themselves but for their end consumers,”
“Through the acquisition of APPS, we have heightened our innovation capabilities and technology position, allowing us to create a bespoke payment experience for any merchant, ISV, ISO, or payment facilitator. I’m excited to lead a new era of growth for our employees, partners, and customers.”
Paulette Rowe, CEO of Stax.
The APPS platform, which will be called Stax Processing, will over time serve as the foundational processing layer supporting fintech services for ISVs, ISOs and SMBs. The new comprehensive, seamless ecosystem will include enhanced omnichannel offerings, enhanced data reporting and additional personalization capabilities. This significant expansion of Stax functionality will begin in the fourth quarter of 2023, with full integration and additional developments planned throughout 2024.
With this acquisition, members of the APPS leadership team will join Stax to usher in a new era of all-in-one payments processing. , with APPS CEO Abe Maghaguian moving to Stax as head of payments and APPS COO Sarah Gerald promoted to COO processing at Stax. Additionally, Stax welcomes nearly 50 new APPS members to its expanding team.
“As the payment landscape becomes more complex, users are looking for a one-stop shop for all of their payment needs,”
“This acquisition gives our customers access to a highly experienced team who have worked tirelessly to reduce points of friction and maximize the value of payments for our partners. We are thrilled to join Stax and merge our offerings to deliver a powerful payments platform.”
APPS CEO Abe Maghaguian.
Moove raises $76m in new funding to bolster business growth
Moove, a mobile FinTech, has received $76 million in new funding, including $28 million in equity from new and existing investors.
Funding round led by Mubadala Investment Company (Mubadala), $10 million in venture capital debt from funds and accounts managed by BlackRock, and $38 million in undisclosed amounts previously raised in the last few years 12 months ago.
The African-founded company will use the funding to further its mission to build the largest technology-driven financial services platform for mobile entrepreneurs and strengthen its position on the global stage.
“We are excited to be partnering with Mubadala and BlackRock to double down on our already profitable markets, including the UAE, India, UK, and South Africa, as well as continuing to invest in our customer experience and accelerate our product development to deliver group-wide.’’
Ladi Delano, Co-founder and Co-CEO of Moove.
This investment is an endorsement of Moove’s ability to serve its customers and execute across multiple developing and developed markets. The funding signifies the start of a relationship that will also see Faris Sohail Al Mazrui, Head of Ventures & Growth at Mubadala, join the Moove advisory board.
“Moove has built a highly scalable tech-enabled platform to serve mobility entrepreneurs globally by providing them access to credit and other financial services previously unavailable to them. This is a hugely underbanked and underserved market that we believe has significant long-term potential.”
Faris Sohail Al Mazrui, Head of Ventures & Growth, Mubadala.
Moove aims to provide financial services to people who do not have a bank account or are not served by traditional lenders, so that they can receive income-based financing and access ownership. property ownership as well as financial stability.
TerraPay secures in-principle approval for MPI license from Monetary Authority of Singapore
TerraPay, a payments infrastructure company, has been approved by the Monetary Authority of Singapore (MAS) in principle for a Major Payments Institution (MPI) license, becoming a regulated payments company best.
TerraPay’s global customers and businesses can access its vast network through this coveted MAS endorsement, enabling fully compliant, affordable, and transparent cross-border remittances. . It facilitates fully compliant international money transfers, easy business payments, and alternative payment methods.
The payments company will leverage this license to tap into the region’s enormous potential and strengthen its local presence and existing partnerships in Singapore, Korea, Vietnam and the Philippines.
“I am incredibly proud of the comprehensive network of partners, employees, countries, and licenses we have established worldwide, enabling us to offer simplified payment services for everyone. Obtaining the approval in Singapore is a game-changer, solidifying our position as a leading cross-border payments powerhouse in one of the most significant financial markets globally.”
“At TerraPay, our core values revolve around inclusion and innovation. We are inspired by Singapore’s fintech journey, which aligns perfectly with our mission to improve lives and contribute to a dynamic, inclusive economy. The approval from MAS reinforces our commitment to excellence as we aim to become the most regulatory-approved payments company in the world.”
Ambar Sur, Founder and CEO, TerraPay.
In May 2023, TerraPay announced its Series B equity funding round, in which the company raised more than $100 million for global expansion plans, allowing it to strengthen the network. existing payments and expanding infrastructure and global regulatory and compliance capabilities.
The team has built an expansive payments highway that allows businesses to create a seamless customer experience with an uninterrupted, secure, real-time global process for any payment, no matter how large. or small. TerraPay partners with banks, mobile wallets, remittance operators, merchants and financial institutions, creating a larger and more inclusive international financial ecosystem.
Flynas & Tabby bring 4-month installment payments for travel tickets
flynas, the airline of Saudi Arabia and a low-cost airline in the Middle East, has partnered with Tabby, a financial services and shopping app based on MENA, to provide travelers with payment solutions flexible math.
This partnership comes at a favorable time for travelers, especially with the increasing demand for air travel around the world. It also reflects flynas’ desire to provide customers with a flexible and convenient travel experience.
Payment solutions allow flynas customers to pay for their trips in four interest-free installments. In addition, travelers can now secure their tickets with flexible payments, making travel easier and allowing buyers to explore new horizons and create lasting memories with Loved Ones.
“We are delighted to partner with flynas to bring flexible payment solutions to the air travel industry. This timely partnership will bring air travel closer to so many people looking to go on new adventures and reconnect with their loved ones worldwide”.
Hosam Arab, CEO and Co-Founder of Tabby.
flynas confirms that this agreement reflects flynas’ commitment to providing innovative services and enhancing its growth for digital transformation in the aviation industry.
Tabby creates financial freedom the way people buy, earn and save by reshaping their relationship with money. The shopping and financial services app is active in Saudi Arabia, UAE, and Kuwait, and was valued at $660 million in a recent funding round from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst.
HSBC launches embedded finance venture with Tradeshift
HSBC and B2B FinTech Tradeshift have formed a new joint venture focused on developing integrated financial solutions and financial services applications.
As part of the deal, HSBC will invest $35 million in Tradeshift in two phases and join its board of directors. The deal is part of a funding round that is expected to raise at least $70 million from HSBC and other investors.
The new joint venture will allow the bank and FinTech to deploy a range of digital solutions on Tradeshift and other platforms. It will also help Tradeshift expand its trade offering to businesses globally. Details on the joint venture will be announced ahead of its expected launch in early 2024.
“Enabling and growing global trade has been in HSBC’s DNA for almost 160 years. We are very excited to partner with Tradeshift to help businesses and their suppliers trade more smoothly using world-class technology and solutions that the joint venture will deliver.”
“This agreement supports our strategy of being a digital-first bank, which includes our commitment to partnering with FinTechs and embedding our solutions into the platforms of others.”
Barry O’Byrne, CEO of Global Commercial Banking at HSBC.
“The world’s biggest trade bank and the world’s largest trade network are joining forces. Our deepening partnership with HSBC delivers a strong foundation from which to scale and accelerate our vision of a trade network that creates economic opportunity for businesses everywhere.”
“HSBC’s reputation and global infrastructure bring instant credibility and broad appeal to any financial solutions brought to market through the Tradeshift platform. It is transformative, and it is a tremendous validation of the innovation and product architecture we have developed over the past decade.”
Christian Lanng, CEO and Co-founder of Tradeshift.
HSBC supports approximately 1.3 million businesses worldwide and is the world’s largest commercial bank, facilitating over $800 billion in annual trade flows. Tradeshift powers over $260 billion in gross merchandise value annually to one million business users on its platform.
Plaid and Cross River partner to offer real-time payments in the US
Cross Riverbank, a technology infrastructure provider that offers embedded financial solutions, has announced the expansion of its partnership with Plaid, a data network helping the digital financial ecosystem, to deliver multi-rail payment solutions to US businesses and their customers.
“Expanding our relationship with Plaid to power their real-time offerings is a significant milestone in our commitment to driving financial innovation and ensuring faster, secure, and seamless payment experiences,”
“By combining the strengths of our proprietary banking core and advanced API technology with Plaid’s expertise in financial technology tools, millions of Plaid customers will have access to their money when and where they need it.”
Adam Goller, Head of FinTech Banking at Cross River.
Plaid chose Cross River to support Plaid’s real-time solutions because of the company’s ongoing relationship with Cross River’s proprietary API technology and innovative solutions. Cross River’s proprietary API-based core creates direct, efficient, and simplified connections to multiple payment networks ACH, RTP, and upcoming FedNow service.
“Real-time payments can deliver significant efficiency and cost benefits to businesses and help them deliver amazing new experiences for consumers by delivering money when and where they need it,”
“We are excited to expand our relationship with Cross River to deliver innovative real-time payment solutions on top of its API-based processing core.”
John Anderson, Head of Payments at Plaid.
The partnership’s first real-time offering is Instant Payouts on Plaid Transfer, a real-time multi-channel payment solution for instant deposits and payments. Plaid Transfer manages bank transfers and payments, allowing businesses to receive payment authorization, risk analysis, and transfer funds, all in a single API.
It also provides instant payment eligibility information. Businesses can seamlessly route transactions to ACH without complicating their customers if the account is not eligible for Instant Payments.
PayGround Announces $19.7M Oversubscribed Series A Funding Round
PayGround, a healthcare fintech payments platform, today announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures. The funding will bolster the company’s rapid expansion into hospitals and health systems, building on its success in the ambulatory market, as well as grow its senior leadership team.
The company has grown annual revenue by over 560% over the past three years, demonstrating its ability to deliver on its mission to simplify how individuals and families pay for healthcare so they can spend their time on more important things.
“Most Americans have encountered the fragmented experience of paying healthcare bills. PayGround empowers individuals and families with a dedicated digital wallet in which they can manage and pay all their healthcare provider bills in one place,” says Drew Mercer, co-founder and CEO of PayGround. “Plus, by providing patients with an incredibly convenient way to pay for healthcare, paired with financial optionality, the revenue cycle outcomes for healthcare providers are naturally strengthened. It’s a win-win for all key stakeholders.”
“Payments, and particularly out-of-pocket payments, continue to be a vexing pain point for healthcare providers and patients. With this current round of funding, PayGround will continue to grow as a recognized and trusted partner for providers and patients — modernizing the way healthcare payments are made in the U.S.,” says Andrew Wegrzyn, Principal at SixThirty. “PayGround continues to enhance the patient and provider relationship, ensuring that advanced financial technology benefits patients and providers alike.”
Funds will also be allocated to enhance PayGround’s platform with additional value for hospitals, health systems, independent practices and patients that will further enable payor connectivity.
“PayGround’s modern, patient-centric approach to healthcare payments fills a meaningful market need,” says Matt Perlman, Partner at IA Capital Group. “We believe in PayGround’s vision to help payors, providers and patients collaborate to cover out-of-pocket expenses, and we’re excited to connect PayGround with IA’s broad network and experience with insurance companies as they continue to innovate how people pay for healthcare.”
“PayGround has proven its value in helping consumers better understand and pay for healthcare expenses, while improving the revenue cycle process for both provider and patient,” adds Justin Kaufenberg, Managing Director at Rally Ventures. “Our team is eager to partner with PayGround and to contribute our expertise in identifying areas of opportunity and increasing revenue streams.”
Curve selects Nuvei to facilitate international expansion
Nuvei Corporation, a Canadian FinTech company, has selected Curve, a financial super app that consolidates your cards into a single smart card, to provide card purchasing and alternative payment methods (APM) to transfer consumer funds to and from their Curve digital wallet.
Nuvei’s comprehensive, customizable and flexible payments technology enables FinTech applications and card issuers to accept VISA and Mastercard transactions. Card payments are optimized using Nuvei’s smart routing engine to maximize card payment acceptance and reduce operating costs. All relevant APMs in each Curve-operated market will soon be available to Curve customers.
“Our goal at Curve is to be the most customer-centric app, simplifying the way they spend, so industry-leading customer experience is critical to Curve’s service. Consumers simply will not tolerate delays or the inability to transfer funds, so we are proud to partner with Nuvei. Their proven optimized card acceptance rates, platform stability and low latency guarantees that we’re offering the peak payments service to our customers.”
Curve’s Founder & CEO, Shachar Bialick.
Curve also benefits from Nuvei’s customizable, real-time reporting tools, allowing the company to monitor all transactions through a single, comprehensive analytics portal. This capability is especially important for the financial services industry in routing payment traffic efficiently and optimizing payment flows. In addition to providing payments services in Curve’s established markets in Europe, Curve is leveraging the global reach of the Nuvei acquisitions to accelerate its international growth plans.
“Payments play a critical role in the user experience for financial services providers, and the market is becoming increasingly competitive. We are proud to partner with Curve to enhance the product it is offering to its customers, and to enable to Curve to reach its customers, wherever they are and however they want to pay.”
Philip Fayer, Nuvei Chair and CEO.
Globacap raises $21m Series B to digitise private capital markets
Capital markets technology company Globacap has completed a $21 million Series B funding round with the aim of digitizing and automating the global private capital markets.
Investors include financial markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc. and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm QBN Capital.
Globacap aims to unlock the potential of private capital markets through digitalization and automation. Workflow automation as a service brings the same efficiency as public procurement to the private market. It streamlines tedious processes from issuance and ongoing management to transferability and settlement of securities, thereby reducing costs and improving the efficiency of market intermediaries.
Globacap has grown rapidly since its launch six years ago. It houses 15 white labels for global institutions and an ecosystem that has managed more than 70 private placements and completed more than $350 million in private asset secondary transactions, with automated settlement and currently manages $14 billion in private securities.
The capital markets technology company will use this new funding to enhance its marketing and sales efforts, expand into new geographies and invest in its product development for expansion customer base. It also plans to build on the success of its white label product which helps digitize and automate processes across private capital markets and is used by leading intermediaries including the JSE and Instinet.
“Private capital markets are rapidly growing, but their opaque nature is holding them back from reaching their true potential. We are bringing public markets-like infrastructure to private capital markets to improve access, boost liquidity, and remove administrative burdens. Securing considerable backing from world-leading investors during a time of market turbulence, risk aversion, and uncertainty is a powerful validation of our mission to transform and drive efficiency in private capital markets. We are in a unique position to grow through the current market turmoil, leading with strength as market conditions eventually improve.”
Myles Milston, Globacap Co-Founder and CEO.
NMI acquires Sphere’s commercial division to expand underwriting capabilities
NMI, a wholly owned commerce enablement technology company, has acquired the commerce division of payments software and technology company Sphere.
The acquisition will strengthen NMI’s underwriting and risk management capabilities and enable NMI’s partners, including independent software vendors, independent sales organizations and FinTech innovation, creating merchant accounts within the existing NMI platform.
“The addition of Sphere’s Commercial Division allows us to add yet another module to our stack of payment enablement tools, providing our partners with the modularity and choice to better customize payment experiences for their merchants,”
“These added capabilities of underwriting, risk management and merchant account creation are a game changer, not only for our partners but also for their merchants in the race to provide the most convenient, painless experience for end consumers.”
Vijay Sondhi, CEO of NMI.
The addition of Sphere’s commercial division’s underwriting and risk management capabilities will enable NMI partners to monetize a larger portion of the value chain by providing additional liquidity to their seller. While NMI partners will still be able to use their own merchant accounts as they normally do, this acquisition will provide partners with another option to create merchant accounts through the platform NMI, allowing them to increase the flexibility required by traders.
“It is a natural fit to combine our capabilities with NMI’s platform because our vision aligns well with NMI’s goal to provide partners access to any and all the payment capabilities they could need,”
“Partners today are looking to own as much of the payments ecosystem as possible, and we are adding another layer to that by combining forces with NMI.”
Tom Bannon, COO and President, Sphere Commercial Division.
Moniepoint enters Nigeria’s personal banking market
Moniepoint Microfinance Bank, a business banking platform in Nigeria, has announced plans to enter the personal banking market by launching a consumer and debit card app.
Moniepoint Microfinance Bank, another subsidiary of Moniepoint Inc., will extend its trusted banking infrastructure from the businesses it serves to its customers and employees.
Millions of people will benefit from the seamless and reliable debit card payments of the corporate banking platform, with more than 1.5 million businesses currently using the platform. Global payment processors, including Mastercard and Verve, will issue these debit cards.
“Launching a personal banking product means we can connect businesses and their customers more effectively, backing them with our reliable infrastructure and services. We have always been committed to providing financial happiness, so it was a natural next step when dealing with so many businesses to offer our reliable services to their customers and employees. By taking this step, we are determined to power the dreams of millions of people across the continent.”
Ope Adeyemi, SVP for Channels and Sales Tools at Moniepoint.
The app will allow users to make transfers, pay bills and buy airtime, while its debit card can be used at ATMs, point-of-sale terminals and online. line. Merchants will also benefit from seamless transactions when customers use Moniepoint cards. Other services, such as salary advances, will be rolled out in the coming months. The launch of Moniepoint Microfinance Bank’s personal banking product continues its strong performance in the corporate banking market.
TerraPay Group Expands Business Operations in Italy and Sets Sights on European Union
TerraPay, a leading global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set to expand its operations within the country and subsequently, throughout the European Union.
Under Article 114-quinquies Consolidated Banking Act (TUB), the Bank of Italy authorized TerraPay Italy as an electronic money institution. This holds great significance not only for TerraPay but also for the thriving Italian fintech sector, marking a notable step forward in their respective trajectories. Leveraging its extensive expertise and innovative approach in the digital payments sector, TerraPay aims to positively impact and contribute to the European market.
“The commitment of the TerraPay team, supported by the international firm Orrick, was crucial in reaching this historic milestone,”
“We are excited about what the future holds for us in Italy, and we will continue to work towards providing innovative and secure digital financial services.”
Ambar Sur, Founder and CEO, TerraPay.
“Securing this authorization firmly establishes TerraPay as a trailblazer in the realm of electronic money within Italy, while also paving the way for exciting avenues of expansion and growth across both the Italian and European markets.”
Ram Sundaram, Co-Founder, and COO, TerraPay.
TerraPay has established itself as a global partner to leading banks, money transfer operators, mobile wallet operators, and financial institutions to facilitate digital transactions without borders. As a B2B company, TerraPay partners with other businesses and helps them leverage its agile, secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross-border spending. The company has an expansive network across 121 receive countries and 208 send countries and is regulated in over 28 countries, globally. The company’s key markets include; GCC; North, South, and Central Africa; Europe and SE Asia; Central, North, and South Americas.
TerraPay’s vision is aligned with achieving the SDG 2030 goal of fostering economic growth and equality, by reducing the cost of transactions across diverse payment channels such as mobile wallets and bank accounts, to name a few.
“I want to highlight the utmost significance of fostering a resilient regulatory culture within our company. Our collaboration with the Orrick law firm has once again underscored the pivotal role that robust legal support plays in the dynamic landscape of the financial industry.”
Akbar Hussain, Co-Founder, General Counsel & CCO, TerraPay.
This noteworthy accomplishment was made possible through the concerted efforts of the TerraPay team, which plans to strengthen its presence in Italy and beyond, and the invaluable legal guidance provided by Marco Boldini, a partner at the Orrick law firm, along with his accomplished team consisting of Teresa Mattioni, Niccolò Martinoli, and Niccolo Matteo Bonaldo. Furthermore, on the corporate front, the pivotal contributions of partner Marco dell’Antonia and senior associate Jacopo Taddei were also instrumental in enabling this. TerraPay expresses sincere gratitude for this momentous achievement, as navigating the complex authorization procedures would have been challenging without the support of this team. The company remains optimistic about the outstanding partnership established with the Bank of Italy and the path ahead.
NCR expands ATM network to Portugal
Business technology provider NCR has expanded its Cashzone-branded ATM network in Portugal. To date, more than 100 Cashzone-branded ATMs have been installed in Portugal, giving consumers, including those visiting the country, easier access to cash.
NCR is one of the largest independent ATM operators in the world and their Cashzone brand is present in the UK, Spain, Germany, Ireland and now Portugal.
The combination of high cash availability, branch consolidation and Portugal’s vibrant tourism market has made it an ideal location for Cashzone expansion. NCR has added ATMs mainly in tourist areas in southern Portugal and Lisbon, with plans to enter new areas in the coming months. The machine is installed at trusted stores, such as convenience stores, supermarkets, food and beverage stores, shopping malls and entertainment stores.
“There continues to be a widespread demand from consumers for access to cash, particularly while on holiday,”
“By bringing NCR’s Cashzone-branded ATMs to Portugal, we are enabling visitors to Portugal to interact with an ATM brand they’re familiar with and giving retailers the ability to widen their service offerings and engage with new customers.”
Stuart Mackinnon, EVP, ATM Group, NCR Banking.
NCR is one of the UK’s largest independent ATM operators, providing safe and reliable access to cash through the Cashzone brand. Its proprietary ATM software and solutions make its ATMs more attractive while providing exceptional service. Headquartered in Atlanta, Georgia, the company has 35,000 employees worldwide. This is a trademark of NCR Corporation in the United States and other countries.
888 selects Nuvei to boost its payment experience in the US
Nuvei Corporation, a Canadian FinTech company, has been selected by 888, the global operator of iGaming, to build local card and payment method acquisition capabilities.
888 leverages Nuvei’s technology platform, broad accessibility, instant interbank payments and in-depth knowledge of the curated iGaming market to maximize payment acceptance and maximize payments. Optimize risk management.
In addition to allowing 888 to accept deposits, players can instantly withdraw funds from their 888 account directly to their bank card or through Nuvei Instant Bank Transfer, iGaming’s payment method in the industry. American business to send money and make instant payments from account to account.
“Enabling players to deposit and withdraw funds from their iGaming accounts seamlessly and securely is critical to the overall platform experience. At 888 we’re committed to offering the most comprehensive iGaming experience in the market, so we’re excited to add Nuvei’s card acquiring capabilities alongside its Instant Bank Transfer solution. Nuvei has a rich heritage of enabling iGaming operators to maximize their payments’ performance in regulated markets across the globe.”
Noam Klivitzky, VP of US Marketing 888.
Nuvei has provided payment services to 888 in Europe since 2017 and enabled 888 to launch in Ontario, Canada, once the province launched its newly regulated iGaming market in April 2022.
“We’re thrilled to continue to grow our relationship with 888 and support its global expansion in the US and beyond. Instant, convenient, secure deposits and payouts are critical to winning players in the rapidly expanding US iGaming landscape. Optimising card payment acceptance is a key component of the cashier experience, and Nuvei has decades of experience supporting operators maximize their revenue growth.”
Philip Fayer, Chairman and Chief Executive Officer at Nuvei.