Latest news with #embeddedpayments
Finextra
3 days ago
- Business
- Finextra
Cashflows joins forces with Cardstream
Cashflows, the platform that makes it easy for businesses to accept payments, and Cardstream Group, the UK's leading independent Fintech provider, have entered into a strategic partnership to accelerate Cashflows embedded payments solutions for Independent Sales Organisations (ISOs), software platforms, Independent Software Vendors (ISVs) and Payment Facilitators (PayFacs) across the UK and Europe. 0 The strategy unites Cashflows' expert acquiring capabilities with Cardstream's market leading PFaaS infrastructure to dramatically simplify the launch and growth process for PayFacs, aspiring PayFacs, ISOs and ISVs in the market, by managing complex regulatory, compliance, and operational requirements on their behalf. PFaaS is redefining how embedded payments are delivered, giving PayFacs the tools to deploy payment services rapidly and seamlessly, with Cardstream already achieving success in many markets. As Cashflows has identified similar demand in the UK and Europe for flexible, integrated payment experiences, deploying Cardstream's PFaaS provides an end-to-end managed service that includes onboarding, compliance, merchant activation, and transaction processing—allowing the opportunity to monetise a payment facilitator model from the outset. "Our collaboration with a best-in-class partner like Cardstream, helps us to remove the complexities of embedded payments for platforms and PayFacs by providing a modular approach that removes technical barriers while empowering them with greater control over their payments," stated Hannah Fitzsimons, CEO of Cashflows. "By leveraging our in-house expertise, we're enabling them to evolve, thrive and concentrate on what truly matters: innovation and growth." 'As the embedded payments space continues to accelerate, we're seeing Acquirers, Schemes, Platforms, and Financial Institutions increasingly having to choose either build, buy, or partner,' said Adam Sharpe, CEO of Cardstream Group. 'Given the complexity, many are now turning to trusted, best-in-class partners with robust Fintech-as-a-services offering, such as those that Cardstream offers. This shift is driving significant growth in strategic collaborations across the industry.' In a market where embedded finance is becoming a strategic priority, Cashflows and Cardstream's combined expertise stands out by providing speed, compliance assurance, and commercial flexibility, without the usual infrastructure or licensing burden. Together, it sets a new standard for embedded payments—giving ISVs, ISOs, Platforms and PayFacs in the UK and Europe, everything they need to scale confidently in a highly regulated environment.
Associated Press
4 days ago
- Business
- Associated Press
PingPong Expands Leading B2B Cross-Border Payments Platform Into Malaysia, Further Unlocking South East Asia For Enterprise Clients
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 2 June 2025 - PingPong, the world-leading provider of cross-border embedded payment solutions for enterprises, is pleased to announce that it has been granted a Money Services Business Licence from Malaysia's central bank, Bank Negara Malaysia. This latest licence further adds to PingPong's extensive portfolio of over 60 global licences, unlocking even more cross-border opportunities for enterprises on PingPong's platform. Malaysia offers significant growth opportunities for enterprises looking to scale in Southeast Asia. Its GDP is expected to reach $445 billion USD by the end of 2025 and grow by 33% by 2030, reaching $600 billion USD. International trade is a significant part of Malaysia's wealth, valued at 132% of GDP in 2023. Financial services and fintechs are thriving across Southeast Asia, with Malaysia emerging as a key player. The country ranks third in the region in terms of the number of fintech companies it has, and it is poised for significant growth. Malaysia's fintech sector is projected to double, from $54 billion USD in 2025 to $111 billion USD by 2030, reflecting a robust compound annual growth rate (CAGR) of 16%. Its strategic location, high digital adoption rate, and robust financial sector have made it one of the key growing countries in Southeast Asia. Jianqin Shu, Partner and APAC General Manager at PingPong, said, 'As one of the most strategically positioned and rapidly growing economies in Southeast Asia, Malaysia presents an incredible opportunity for enterprises scaling their global operations. Securing a Money Services Business licence positions PingPong at the heart of this growth, empowering us to support Malaysia's expanding fintech and financial services ecosystem, meeting the rising demand for efficient, compliant cross-border payment solutions. This milestone enables us to extend our global reach further and provide enterprises with end-to-end, one-stop payment services.' This approval adds to PingPong's already significant portfolio of over 60 global licences across the United States, EU, UK, Hong Kong, mainland China, Canada, Australia, Japan, Singapore, Indonesia and other countries and regions worldwide. Hashtag: #PingPong The issuer is solely responsible for the content of this announcement. About PingPong PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale. PingPong currently has 37 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. Press contact: [email protected]
Finextra
13-05-2025
- Business
- Finextra
On-Demand – Solving procurement challenges with embedded payments
What are the key challenges that procurement teams are facing in 2025? What is the role of financial institutions in streamlining procurement processes? New solutions and payment methods are entering the procurement space, such as account-to-account payments and virtual cards. What are the implications of these developments, and how do they unlock value and benefits for procurement teams? What does the future of procurement look like, and what are the value-added services emerging? The days of procurement being viewed as 'only' sourcing and purchasing are long gone. Today, procurement is a vital part of overall business strategy and working capital optimisation. Yet while the expectations of procurement have changed, the underlying technology and procedures leave room for improvement. These challenges are not new, and financial institutions have a strong overall understanding of their client procurement challenges and needs. However, many banks are overlooking the importance of user experience and underestimating the impact of value-added services for their clients, such as embedded payments or integrated working capital solutions. In the B2C space, customers have long grown accustomed to seamless, integrated and flexible payments. These innovations are still missing in B2B payments, and procurement teams are looking for better end-to-end experiences, increased visibility across sourcing, contracting and supplier onboarding, as well as PO and invoice management. Digital and embedded payment solutions can help bridge the gap and drive growth for organisations – both in terms of operational efficiency and financial gains. As procurement practitioners seek more consumer-like experiences, financial institutions need to enhance their corporate offerings to better serve their customers and help resolve existing challenges. Register for this Finextra webinar, hosted in association with Visa, to join our panel of industry experts who will discuss the current challenges and needs in the procurement sector, and why offering embedded payment options and value-added services can bolster efficiencies and help drive sustained growth.
