Latest news with #paymentSolutions
Finextra
07-07-2025
- Business
- Finextra
Pay10 secures Bank of Bharain licence
The Central Bank of Bahrain has officially approved Pay10, which is a big step in its plan to grow in the region. 0 The Pay10 Bahrain licence lets the fintech company offer payment solutions that are compliant with regulations and work in real time to help the Kingdom reach its digital transformation goals. With this license, Pay10 will deliver mobile-first interoperable infrastructure designed to integrate with Bahrain's domestic payment rails, ensuring compliance, speed, and reliability across every transaction and directly contributing to the Kingdom's broader vision for financial inclusion and diversified economic growth. Harry Gill, Pay10 Chairman stated: 'We are honored to receive this license from the Central Bank of Bahrain and to support the Kingdom's progressive approach to financial innovation. Our goal is to build real-time, regulator-aligned payment systems that put users, both consumers and merchants, at the center of the digital economy.' With the Pay10 Bahrain licence, the company can provide secure, compliant, and real-time payment infrastructure to banks and businesses. Bahrain is one of the region's most progressive financial systems, underpinned by agile regulation, public-private collaboration, and a clear commitment to digital innovation. The Central Bank of Bahrain has created a regulatory foundation that invites innovation while maintaining oversight, allowing next-generation platforms like Pay10 to contribute meaningfully to the Kingdom's digital transformation. According to the Central Bank of Bahrain's March 2025 Financial Stability Report, the country's payment landscape is undergoing accelerated digitalization. In the second half of 2024 alone, POS and e-commerce transactions rose by 20.4% in volume and 14.6% in value. The Fawri+ real-time payment system, a critical component of Bahrain's domestic rails, saw its transaction volume increase by 20.5%, and value grow by 13.2%. Additionally, contactless payments now account for more than 77% of all point-of-sale transactions, reflecting a decisive shift in consumer behavior. The CBB projects that contactless, QR-based, and wallet-enabled payments will overtake traditional methods as the primary mode of retail transactions. With over 90% of Bahrain's businesses classified as small and medium enterprises, the demand for cost-effective, interoperable, and real-time payment infrastructure has never been higher. Yet many of these businesses remain underserved by legacy systems. Pay10 is designed to close that gap. The company is ready to help Bahrain's growing fintech ecosystem with new payment services that follow the rules now that it has the Pay10 Bahrain licence.
Finextra
02-07-2025
- Business
- Finextra
OpenPayd forms collaboration p[act with Ripple
OpenPayd, a leading provider of financial infrastructure, has announced a strategic partnership with Ripple, the leading provider of digital asset infrastructure for financial institutions, bringing together two infrastructure leaders with deep expertise across blockchain and traditional finance to deliver compliant, efficient and scalable payment solutions for enterprise clients. 0 Through the partnership, OpenPayd's global fiat infrastructure including real-time payment rails, multi currency accounts and virtual IBANs will support Ripple Payments, into EUR and GBP. Ripple's cross-border payments solution, Ripple Payments employs blockchain and digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide. The partnership also marks a major step forward in the expansion of OpenPayd's recently launched stablecoin infrastructure. OpenPayd will provide direct minting and burning capabilities for Ripple USD (RLUSD). Businesses will be able to seamlessly convert between fiat and RLUSD, accessing OpenPayd's full suite of services, including embedded accounts, payments, and trading, via a single API. RLUSD is an enterprise-grade, USD-denominated stablecoin developed with trust, utility, and compliance at its core - backed by Ripple's years of experience working with both crypto and traditional finance. This solution supports a wide range of use cases, including cross-border payments, global treasury management, and streamlined access to U.S. dollar liquidity. As enterprise demand for stablecoins grows, businesses need real-time, compliant infrastructure to manage money globally, and seamlessly between traditional finance and blockchains. This partnership delivers faster, more transparent, and cost-efficient payment flows. 'Ripple has long been a pioneer in blockchain based payments. By combining Ripple Payments with OpenPayd's rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross border payments, treasury flows and dollar-based operations,' said Iana Dimitrova, Chief Executive at OpenPayd. The collaboration reflects a shared belief that the key to mainstream stablecoin adoption is robust first and last mile fiat infrastructure. Together, Ripple and OpenPayd are delivering the tools enterprises need to move and manage money globally and future proof their payment strategies through blockchain enabled finance. 'The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets. Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale,' said Jack McDonald, SVP Stablecoins, Ripple. Ripple's simple, secure, compliant digital asset infrastructure means it is well-positioned to provide the core services that financial institutions need to tokenize, store, exchange and move digital assets. Ripple Payments has near-global coverage with 90+ payout markets representing more than 90% coverage of the daily FX markets, processing more than $70 billion in volume.
Yahoo
02-07-2025
- Business
- Yahoo
Fidelity National (FIS) Expands Visa Partnership for Advanced Payment Solutions
Fidelity National Information Services, Inc. (NYSE:FIS) is . On June 26, the company announced that it has expanded its partnership with Visa (NYSE:V) to provide new payment solutions for financial institutions. A business professional banking from their laptop, taking advantage of the company's investment services. According to the statement, the expanded collaboration focuses on delivering innovative payment solutions to regional and community banks. The goal is to enable them to compete with larger issuers by lowering barriers to advanced payment technologies. Fidelity National hopes that the capability will help the financial institutions 'grow revenues, enhance customer retention, and reduce fraud losses.' The new capabilities introduced include Stop Payment Services, which enable cardholders and call centers to halt recurring payments to merchants. Wallet Link allows issuers to push their branded digital card directly to a customer's digital wallet. At the same time, eCommerce Fraud Mitigation enables issuers to increase their eCommerce transaction approval rates and eliminate chargeback liability. Lastly, Digital Campaign Manager helps financial institutions leverage new marketing channels, including augmented reality events and other digital experiences, for customer acquisition and engagement. Fidelity National Information Services, Inc. (NYSE:FIS) is a financial technology company. It provides banking and payment solutions to over 20,000 clients in more than 100 countries, including banks, capital markets firms, and businesses. Its main segments are Banking Solutions (core banking, digital banking, fraud and compliance tools) and Capital Market Solutions (trading, treasury, and risk management software). While we acknowledge the potential of FIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. 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
Globe and Mail
27-06-2025
- Business
- Globe and Mail
Can Xsolla Help Affirm Gain an Edge in Gaming Payments?
Affirm Holdings, Inc. AFRM, the leading buy now, pay later (BNPL) solution provider, has entered a new partnership with Xsolla, a prominent gaming company, renowned for driving innovation and shaping the future of video game commerce. This deal unlocks access to Affirm's transparent and flexible payment solutions for game developers, using Xsolla's platform in the United States. With Affirm built directly into the checkout experience, players can divide their purchases ($50 or more) into biweekly payments at no interest or choose extended monthly plans based on their needs. This gives gamers the freedom to access premium content more affordably. Whether purchasing full games or in-game content, players can choose Affirm at checkout, complete a brief eligibility check, and, once approved, select a customized payment plan. They plan to expand in Canada and the U.K. soon. Teaming up with Xsolla will help AFRM to expand its footprint in the growing gaming industry, targeting a tech-savvy audience that prefers convenient and adaptable payment options. By embedding its flexible payment solutions into Xsolla's platform, Affirm can boost transaction volumes through frequent in-game and full-game purchases, while also diversifying beyond its traditional retail and travel partners. This partnership is likely to strengthen Affirm's financial position by unlocking new revenue streams. With players making regular purchases, Affirm can benefit from increased transaction volume, driving up gross merchandise value. By joining Xsolla's large network of game developers and publishers, Affirm can reach more merchants and enhance its brand visibility, which will help it to stay competitive in the growing digital market. How PayPal and Block Expanding in the BNPL Space? PayPal Holdings, Inc. PYPL is a major name in the BNPL space. It recently partnered with Selfbook to streamline hotel payments. The integration offers travelers a seamless way to pay using PayPal while unlocking special rates, making bookings more affordable. This move adds value for users and boosts booking performance for hotels, helping PayPal strengthen its position. Meanwhile, Block, Inc. XYZ is keeping pace in the industry by integrating Afterpay directly into its Cash App debit card, allowing eligible users to split qualifying purchases into biweekly instalments. This move helps Block expand BNPL access into everyday spending, embedding flexible payments right at the point of sale. Affirm's Price Performance, Valuation and Estimates Over the past year, AFRM shares have gained 9.8% underperforming the industry and outperforming the Zacks S&P 500 Composite. From a valuation standpoint, Affirm trades at a forward price-to-sales ratio of 5.49, down from the industry average. AFRM carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Affirm's fiscal 2025 earnings implies a 101.8% improvement year over year, followed by massive growth next year. The stock currently carries a Zacks Rank #3 (Hold).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Affirm Holdings, Inc. (AFRM): Free Stock Analysis Report Block, Inc. (XYZ): Free Stock Analysis Report
National Post
26-06-2025
- Business
- National Post
Xsolla and Affirm partner to help game developers offer players a smarter, more flexible way to pay
Article content LOS ANGELES — Xsolla, a global leader in video game commerce, today announced a new partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. Through this partnership, Affirm's transparent and flexible payment options are now available to game developers using Xsolla's payments tools in the U.S., with plans to expand to Canada and the UK in the coming months. Article content Xsolla powers checkouts for thousands of game developers, and now Affirm is automatically available to their players—enabling them to split purchases into interest-free biweekly payments or longer-term monthly installments for carts starting at $50. Whether players are buying games or in-game content, they can select Affirm at checkout, complete a quick eligibility check, and if approved, choose a personalized payment plan with no late or hidden fees—ever. Article content Article content 'At Xsolla, we're dedicated to building the best commerce and payment solutions for the video game industry—making it easier for developers, from indie studios to enterprise teams, to connect with players around the world,' said Chris Hewish, President, Communication & Strategy at Xsolla. 'By integrating Affirm's customer-first payment options—known for their flexibility and predictability—we're empowering developers to offer gamers a smarter way to pay for the content they love while driving deeper engagement and long-term growth.' Article content 'At Affirm, we're reshaping how people pay by putting transparency and personalization at the center of every transaction,' said Pat Suh, Senior Vice President of Revenue at Affirm. 'Partnering with Xsolla brings these principles to the gaming world. For developers, it means offering their communities a trusted payment option that can help drive engagement and growth. For players, it delivers more control and choice in how they pay for the content they love.' Article content About Xsolla Article content Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla's mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Raleigh, Tokyo, Montreal, and cities around the world. Article content About Affirm Article content Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network—one based on trust, transparency, and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Article content AFRM-PA Article content Payment options through Affirm are subject to an eligibility check and are provided by these lending partners: Article content Article content Article content Article content
