Latest news with #Payments
Associated Press
6 days ago
- Business
- Associated Press
Token.io Announces Strategic Investment by HSBC
LONDON--(BUSINESS WIRE)--Jun 4, 2025-- European fintech has today announced that HSBC has become a strategic investor, signaling their continued collaboration and focus on delivering cutting-edge payment solutions. As revealed at Money2020 Europe, HSBC's investment marks an important milestone for a company specialising in account-to-account (A2A) payment infrastructure, which has partnered with the bank since 2019 to power its successful HSBC Open Payments solution. Todd Clyde, CEO of comments: 'We are excited to deepen our partnership with HSBC as we embark on this collaboration. This investment will not only accelerate growth and innovation, it will also advance our shared vision of making Pay by Bank a mainstream payment method — delivering benefits for HSBC's customers across the region.' Manish Kohli, Head of Global Payments Solutions at HSBC, comments: 'Our investment in reflects the trust and confidence we have in their team and technology, and our firm belief in the role that innovative Open Banking solutions play in transforming the payments experience for both corporates and consumers.' HSBC's Open Payments solution enables customers to initiate direct bank payments from third-party platforms quickly and securely. Building upon this foundation, HSBC is also broadening its adoption of infrastructure for Pay by Bank, offering clients a secure, fast, and convenient option for peer-to-peer payments, account deposits and loan repayments. Underpinned by open banking and real-time payment infrastructure, Pay by Bank reduces the cost and complexity of payments. It also simplifies the customer experience; users pay directly from their bank accounts, quickly and securely authenticating transactions using their banking app. Already, 's solutions enable nearly anyone with a bank account in the UK and Europe to use Pay by Bank. Given the benefits, analysts predict that three in four Europeans will regularly use Pay by Bank by 2029, and that payment volumes will increase by 30% this year. By 2030, European's use of Pay by Bank for e-commerce is expected to eclipse all other digital payment methods, second only to wallets. has also secured additional funding from an overwhelming majority of its existing investors, reflecting their support for this significant industry development. About leading account-to-account (A2A) payment infrastructure is reimagined to empower banks, fintechs, platforms and payment companies with turnkey Pay by Bank solutions. The frontrunner in A2A payment infrastructure for banks, partners include three of Europe's five largest financial institutions. Its solutions are also trusted by a blue-chip payments community, including Mastercard, ACI Worldwide and Global Payments. About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations. View source version on CONTACT: Media Contacts: For HSBC: Mina Sharma, Senior Media Relations Manager at HSBC 00 44 7837244371 [email protected] Rebecca Richardson 44 (0) 113 350 1922 [email protected] KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY PAYMENTS FINANCE FINTECH BANKING ELECTRONIC COMMERCE PROFESSIONAL SERVICES SOFTWARE SOURCE: Copyright Business Wire 2025. PUB: 06/04/2025 07:08 AM/DISC: 06/04/2025 07:06 AM
Yahoo
7 days ago
- Business
- Yahoo
GoCardless unveils new Outbound Payments feature
GoCardless has introduced Outbound Payments, expanding its platform to enable merchants to directly send payments to customers, suppliers, and third parties. The service is integrated within the GoCardless platform, enabling a unified approach to manage both incoming and outgoing bank transactions. The new feature is designed to streamline payment operations for merchants, offering a single platform for both account-to-account collections and payouts. This integration is anticipated to simplify the reconciliation process and enhance the overall visibility of payments. By consolidating collections and payouts, Outbound Payments seeks to reduce the time and financial resources typically required for setting up and maintaining separate payment systems. The service aims to eliminate the need for multiple contractual processes, thereby increasing operational efficiency for businesses. Outbound Payments incorporates payment security measures, enabling merchants to repurpose stored bank details from collections to minimise manual entry errors during payouts. The service also includes a Confirmation of Payee functionality, which verifies that the recipient's name corresponds with the registered bank account information prior to the transfer of funds, aiming to prevent erroneous or fraudulent transactions. GoCardless chief commercial officer Pat Phelan said: 'Thanks to the rapid integration of Nuapay we can now offer an 'all-in-one' bank payment platform that serves all payment flows. From reducing costs and simplifying back-end processes to increasing payment visibility and protecting against fraud, there are now even more reasons to use GoCardless. The development follows GoCardless's acquisition of Sentenial Ltd, operating globally under the Nuapay brand, from EML Payments. In January, GoCardless partnered with COHO, a property management software provider, to offer bank payment options to property managers. "GoCardless unveils new Outbound Payments feature " 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
02-05-2025
- Business
- Yahoo
Why Etsy, Inc. (ETSY) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Etsy, Inc. (NASDAQ:ETSY) stands against other worst-performing stocks on Wednesday. A lackluster trading persisted on the stock market anew on Wednesday, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year, triggering fears of recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten companies also mirrored the wider market downturn, predominantly due to dismal earnings performance and tempered growth outlook for the remainder of the year. In this article, we have named 10 of the worst-performing stocks on Wednesday and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A young woman shopping for a vintage fashion item online. Etsy dropped its share prices by 5.74 percent on Wednesday to finish at $43.48 apiece as investors soured on the company's financial performance for the first quarter of the year. In its earnings release, Etsy, Inc. (NASDAQ:ETSY) said it swung to a net loss of $52 million from a $63 million net profit in the same period a year earlier, reflecting an impairment charge of $101.7 million to the goodwill of Reverb. Revenues, on the other hand, ended flat at $651 million, but were driven by significant growth in on-site advertising revenue for both Etsy and Depop, a full quarter impact of the seller set-up fee, and continued benefit from Payments expansion. Further weighing down on the sentiment was a notable decline in the number of active buyers year-on-year, down 3.4 percent to 88.5 million. 'We are keeping a clear eye on Etsy's long-term opportunities, while also staying nimble in the face of uncertainty given recent tariff announcements and the fluid state of consumer confidence in our core markets,' said ETSY Chief Financial Officer Lanny Baker. Overall, ETSY ranks 9th on our list of worst-performing stocks on Wednesday. While we acknowledge the potential of ETSY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ETSY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-04-2025
- Business
- Yahoo
Etsy, Inc. Reports First Quarter 2025 Results
BROOKLYN, N.Y., April 30, 2025 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced results for its first quarter ended March 31, 2025. "Etsy's first quarter 2025 financial results were aligned with our expectations, with solid adjusted EBITDA performance despite pressure on the top line," said Josh Silverman, Etsy Inc. Chief Executive Officer. "We're excited to see green shoots, particularly in our App metrics, indicating that our work to build deeper connections with buyers and encourage more frequent visits is taking hold. By leveraging the power of artificial intelligence and machine learning, we're creating a more inspiring and engaging app experience that provides us with richer insights to personalize Etsy in meaningful ways for each buyer. We believe our seasoned team is ready to drive the next phase of Etsy's growth and success, and that our resilient two-sided marketplace business model can help us weather macroeconomic volatility." First quarter 2025 performance highlights include: Consolidated GMS was $2.8 billion, down 6.5% year-over-year and down 5.7% on a currency-neutral basis. Etsy marketplace GMS was $2.3 billion, down 8.9% year-over-year and down 8.1% on a currency-neutral basis. Active buyers decreased 3.4% year-over-year to 88.5 million. We reactivated 6.5 million buyers, up 2.1% from the prior year period, and acquired 4.8 million new buyers. GMS per active buyer on a trailing twelve month basis for the Etsy marketplace declined 3.5% year-over-year to $120. The number of habitual buyers was 6.2 million, down 11.0% year-over-year. Depop continued to see strong top line growth, particularly in the United States; first quarter GMS was the highest it has been since the business was acquired in 2021. Consolidated revenue was $651.2 million, up 0.8% versus the first quarter of 2024, with a take rate (i.e., consolidated revenue divided by consolidated GMS) of 23.3%. Our positive revenue growth was driven primarily by significant growth in on-site advertising revenue for both Etsy and Depop, a full quarter impact of the seller set-up fee, and continued benefit from Payments expansion. Consolidated net loss was $52.1 million, down $115.1 million year-over-year, reflecting an impairment charge of $101.7 million to the goodwill of Reverb. Consolidated net loss margin (i.e., net loss divided by revenue) was approximately (8.0)% and diluted net loss per share was $(0.49). Consolidated non-GAAP Adjusted EBITDA was $171.1 million, with consolidated non-GAAP Adjusted EBITDA margin (i.e., consolidated non-GAAP Adjusted EBITDA divided by consolidated revenue) of approximately 26.3%. Etsy ended the first quarter with $997.2 million in cash and cash equivalents and short- and long-term investments. Under Etsy's stock repurchase program, during the first quarter of 2025 Etsy repurchased an aggregate of approximately $189 million, or 3.7 million shares, of its common stock. These shares were purchased pursuant to a 10b5-1 plan.
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Business Standard
24-04-2025
- Business
- Business Standard
Axis Bank Q4 results: Net profit remains flat at ₹7,118 crore, NII up 6%
Axis Bank reported net profit of ₹7,118 crore in the fourth quarter of FY25, aided by a 10 per cent quarter-on-quarter rise in current account and savings account deposits and a 7 per cent increase in total deposits. The bank had reported ₹7,130 crore net profit in the fourth quarter of FY24. Net interest income in the fourth quarter of FY25 rose 6 per cent to ₹13,811 crore, which was ₹13,089 crore in the fourth quarter of the previous financial year. The Net Interest Margin improved by four basis points quarter-on-quarter (Q-o-Q) to 3.97 per cent (and stood at 3.98 per cent for the full year). The gross non-performing assets(GNPA) declined to 1.28 per cent in the Q4 of FY25, while the bank had reported 1.43 per cent GNPA in the corresponding quarter of the previous financial year. Fee income grew by 12 per cent year-on-year (Y-o-Y) and 16 per cent quarter-on-quarter for Q4 FY25, with retail fee income up 22 per cent quarter-on-quarter and granular fees accounting for 94 per cent of total fees. Meanwhile, the core operating profit rose by 5 per cent quarter-on-quarter. On a year-on-year basis, total deposits of the bank increased by 10 per cent. Term deposits were up 14 per cent on both year-on-year and quarter-on-quarter bases. Also Read Net advances grew by 8 per cent year-on-year and 3 per cent quarter-on-quarter, while the retail loans were up 7 per cent year-on-year and 3 per cent quarter-on-quarter. The bank's loan book for the small-and-medium-enterprise increased by 14 per cent Y-o-Y, and 4 per cent Q-o-Q. On the corporate loans front, the bank registered 8 per cent Y-o-Y rise. The overall Capital Adequacy Ratio stood at 17.07 per cent, with a Common Equity Tier-1 ratio of 14.67 per cent, reflecting net accretion of 93 basis points for the year and 6 basis points during the quarter. The bank maintained a strong position in the Unified Payments Interface payer Payment Service Provider space front with about 32 per cent market share by UPI volumes. For FY25, operating expense growth moderated to 6.5 per cent, while the operating profit rose by 13 per cent to ₹42,104 crores, Profit After Tax reached ₹26,373 crores (up 6 per cent Y-o-Y), and consolidated return on assets and return on equity were 1.77 per cent and 16.89 per cent, respectively.
