Latest news with #BVNK
Yahoo
06-06-2025
- Business
- Yahoo
Worldpay collaborates with Early Warning for Paze checkout
Payments entity Worldpay has teamed up with Early Warning Services to offer the Paze checkout option to its US merchant network. This alliance was announced at Worldpay's annual client and partner event, Rethink, and is designed to streamline online payments while increasing security for consumers. Paze is an online checkout system created by Early Warning Services, which is available through several banks and credit unions in the US. The system allows consumers to pay with their preferred credit and debit cards, with enhanced security provided by tokenisation and digital authentication. Cardholders are not required to register or download any additional applications to use Paze where it is accepted. By using network tokenisation, Paze ensures that consumer payment details are better protected compared to traditional manual entry to result in higher authorisation rates for merchants. Worldpay's US merchants utilising hosted payment pages will soon have Paze available as a checkout option. Worldpay chief product officer Cindy Turner said: 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers. By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Early Warning Services chief partnerships officer Eric Hoffman stated: 'Paze was created to meet the rising demand for a fast and convenient digital checkout. Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. 'This will bring added convenience and added security through tokenisation to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Last month, Worldpay partnered with BVNK, a South African stablecoin payments firm, to offer stablecoin payout capabilities to its global clientele. "Worldpay collaborates with Early Warning for Paze checkout " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
LianLian Global partners with BVNK to power stablecoin payments
LianLian Global, a provider of cross-border payment services, has teamed up with South African fintech BVNK to incorporate stablecoin payment capabilities within its network. This initiative aims to benefit merchants operating in over 100 countries, allowing them to utilise major stablecoins for funding cross-border transactions. The integration is expected to reduce settlement times for merchants, from several days to just minutes, stated BVNK. The collaboration merges LianLian Global's merchant network and proficiency in handling local currencies with BVNK's stablecoin infrastructure and auto-conversion technology. Upon receiving stablecoin deposits from merchants, BVNK converts these into USD, which LianLian Global then disburses across its international network. Lianlian Europe CEO Adora Wang stated: 'Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we're meeting growing demand for stablecoin payment rails, helping our customers in ecommerce, marketplaces and other sectors to boost liquidity and execute cross-border payouts in 130 currencies with unprecedented efficiency.' BVNK CEO and co-founder Jesse Hemson Struthers said: 'Stablecoins are reshaping global finance. Through this partnership, LianLian Global's merchants can transform idle digital assets into instant cross-border payment fuel.' BVNK offers a platform that provides stablecoin payment infrastructure via a single API. This platform enables businesses to transmit, receive, exchange, and hold both stablecoins and fiat currencies across various payment systems and blockchains. This follows an alliance between Worldpay and BVNK to offer stablecoin payout capabilities for the former's global customer base. "LianLian Global partners with BVNK to power stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Stablecoin Connector BVNK Partners With Chinese Cross-Border Payments Firm LianLian
BVNK, a London-based firm that helps payment service providers (PSPs) use stablecoins, is working with Chinese payments company LianLian and its network of merchants in over 100 countries. The BVNK integration automatically converts merchant stablecoin deposits to USD, which LianLian Global routes through its global network, the companies said on Wednesday. Stablecoins are a fast-growing segment of the payments world, with various estimates about how large this market will become in the coming years, ranging from $1.6 trillion to $3.7 trillion by 2030. BVNK, which raised $50 million of funding late last year, processes over $12 billion of stablecoin transactions annually and works with payments giants like Worldpay and Visa. LianLian, a large Asia PSP working with 130 currencies, said it was using Ripple's cross-border payments technology back in 2022. "Through this partnership, LianLian Global's merchants can transform idle digital assets into instant cross-border payment fuel,' said BVNK CEO Jesse Hemson-Struthers in a statement. 'Together, we're removing technical barriers so businesses worldwide can access these high-speed payment rails and move their money faster than ever before."
Finextra
04-06-2025
- Business
- Finextra
LianLian Global adopts stablecoin payments with BVNK
Chinese cross-border payments platform LianLian Global is to introduce stablecoin payments for its merchant base in collaboration with BVNK. 0 The integration will enable LianLian Global's international merchants across 100+ countries to fund cross-border transactions in minutes rather than days using major stablecoins. Through the partnership, BVNK automatically converts merchant stablecoin deposits to USD, which LianLian Global routes through its global network. The deal follows recent partnerships struck by BVNK with Worldpay and investment from Visa. The company currently processes $14.5 billion in annualised stablecoin volume for providers including Worldpay and Deel. Adora Wang, chief executive officer, Lianlian Europe, says: 'Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we're meeting growing demand for stablecoin payment rails, helping our customers in ecommerce, marketplaces and other sectors to boost liquidity and execute cross-border payouts in 130 currencies. We selected BVNK for their proven experience serving global payment service providers, extensive banking relationships, and comprehensive multi-stablecoin offering that gives our customers maximum flexibility.'
Yahoo
28-05-2025
- Business
- Yahoo
Worldpay and BVNK collaborate on stablecoin payouts
Payments company Worldpay has joined forces with BVNK, a South African stablecoin payments firm, to introduce stablecoin payout capabilities for Worldpay's global clientele. The service, leveraging BVNK's embedded wallets infrastructure, will enable clients to issue payments in stablecoins to various beneficiaries such as customers, contractors, and sellers in over 180 markets. The transactions will be made 'nearly instantly', without the clients' direct involvement in managing digital assets, BVNK VP of Platform Partnerships Jane McEvoy said in a blog post. Worldpay's existing payouts platform will integrate this new payment feature, with stablecoins being the inaugural digital asset option, complementing the platform's current offering of 135 fiat currencies. The pilot phase for this service is anticipated to commence in the latter half of 2025. Previously, Worldpay had initiated the acceptance of settlements in USDC stablecoin for merchants in select locations during 2022. Following this, in 2023, the company completed a pilot with Visa aimed at streamlining the funds reception process from the network. In alignment with BVNK's mission, this partnership seeks to enhance the accessibility of stablecoin technology for businesses, integrating traditional and digital payment systems, with a focus on operational efficiency and expansive global reach. Worldpay payouts head and SVP John McNaught said: 'We're delighted to work with BVNK to bring this enterprise-grade stablecoin payout solution to market. With a history of delivering innovative payout solutions, we are excited to meet the rising interest from clients seeking faster, more efficient global payment methods.' Recently, Worldpay expanded its services in Latin America with the introduction of domestic acquiring capabilities in Colombia. Meanwhile, earlier this month, BVNK secured investment from Visa. "Worldpay and BVNK collaborate on stablecoin payouts " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
