Latest news with #payments
Finextra
16 hours ago
- Business
- Finextra
Noah and Gnosis team on global stablecoin infrastructure
Noah, a regulated global payments infrastructure provider, and Gnosis, a leader in decentralized financial systems, today announced a strategic partnership to power the next chapter of stablecoin adoption through seamless integration of real-world financial infrastructure with onchain tools. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This collaboration introduces regulated virtual USD accounts for users in the United States and abroad, along with real-time stablecoin-to-fiat conversion, free on/off-ramps, and cross-border payment functionality across 70+ countries. By combining Noah's compliant infrastructure with Gnosis's user-centric onchain ecosystem, the partnership makes everyday financial tools like payroll, remittances, and B2B payments available through decentralized finance applications. The integration brings U.S. market access to the Gnosis ecosystem, which already serves a growing network of users, wallets, and merchants across Europe. By embedding compliant stablecoin infrastructure, the collaboration allows these users to transact in USD and stablecoins with full regulatory confidence. For users in emerging markets, it unlocks new access to U.S. dollar-denominated accounts and seamless payments to and from the U.S.—making it easier to earn, save, and do business globally without relying on traditional intermediaries. 'Our goal has always been to make stablecoins practical, secure, and easy to use,' said Shah Ramezani, CEO and Founder of Noah. 'Partnering with Gnosis helps bridge the gap between traditional finance and open, programmable payments, without compromising user control.' Gnosis ecosystem apps and partners such as Picnic, Zeal, Safe, and Gnosis HQ will be among the first to integrate Noah's infrastructure in the U.S. These collaborations significantly widen access for both end users and businesses, who will now be able to onboard funds, hold stablecoins, and move money globally—all within a trusted, regulated framework. 'For decentralized finance to succeed, its benefits must reach people in their daily lives—across borders, systems, and currencies,' said Stefan George, Co-Founder of Gnosis. 'By integrating with Noah, Gnosis closes the gap between the Web3 values of ownership and transparency, and the real-world need for financial services that simply work. Noah's programmable API enables real-time settlement of funds across more than 50 currencies, allowing applications to embed global payments functionality without the cost or complexity of traditional systems. The company recently raised a $22 million seed funding round to scale its operations and accelerate the infrastructure needed for a stablecoin-powered global economy. It is licensed across the U.S., Canada, and Europe. Thijn Lamers, Co-Founder and President of Noah and a founding team member and former EVP global sales of global fintech platform Adyen, emphasized the potential for widespread impact: 'Together with Gnosis, we're demonstrating how fully compliant infrastructure can unlock the power of stablecoins for millions of people. Whether it's a merchant in the U.S., a freelancer in Latin America, or a saver in Sub-Saharan Africa, access to reliable, transparent financial rails is transformative.' Gnosis continues to build toward a future of open and fair finance, anchored by Gnosis Chain and tools like Gnosis Pay—the first decentralized payment network—and the Metri Wallet. Through its ecosystem and partnerships, it is turning user-owned financial systems into a global reality.
Finextra
19 hours ago
- Business
- Finextra
ICBA Payments renews Visa deal
ICBA Payments, a subsidiary of the Independent Community Bankers of America® (ICBA), today announced the renewal of its four-decade relationship with Visa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Together, the organizations are deepening their efforts to equip local financial institutions with the modern payment tools and support they need to grow and better serve the needs of their customers. 'This renewed collaboration reflects our shared commitment to enhancing the delivery of leading-edge payment products and services that align with the mission and model of community banking,' said Jacob Eisen, CEO of ICBA Payments. A principal member for both credit and debit card programs, ICBA Payments has partnered closely together with Visa since its founding to provide community banks with access to secure, scalable payments solutions that strengthen their ability to compete in an increasingly complex marketplace. Under the renewed partnership, ICBA Payments will continue its sponsored card programs with Visa—featuring contactless-enabled cards, tokenization for digital wallets, and seamless access to Visa's global network—alongside comprehensive program support, including cardholder communications, marketing and other operational services. The partnership also plans to expand – providing streamlined access to Visa Direct, Visa's real-time money movement platform, enabling community banks to deliver faster, more flexible payment experiences for consumers, small businesses and commercial clients. 'Visa is proud to be the trusted network for more than 80% of ICBA member banks,' said Bill Dobbins, senior vice president and head of U.S. enablement at Visa. 'Our longstanding partnership with ICBA Payments is grounded in our shared values and a deep belief in the power of local communities. Together, we're helping community banks deliver modern, secure financial experiences that drive economic opportunity and strengthen the neighborhoods they serve.' As the 10th largest debit card issuer and the 29th largest credit card issuer in the U.S. ICBA Payments represents over $43 billion in credit and debit sales, $913.4 million in outstandings and 10 million cards issued.
Zawya
19 hours ago
- Business
- Zawya
MDP accelerates growth in MEA with BPC next-generation SmartVista powered processing platform
Cairo, Egypt – MDP, a long-standing leader in Africa's card issuing and processing industry, continues to solidify its position as a trusted payments powerhouse across the Middle East and Africa. In partnership with BPC, global payment solutions provider, MDP has built a next-generation third-party processing center using BPC's SmartVista platform, enabling it to deliver scalable, secure, and innovative payment solutions across the region. By adopting the future-proven technology, MDP built from scratch the business with unified issuing, acquiring, processing services in a single modular stack, enabling the company to serve banks, fintechs, merchants across the Middle East and Africa with unprecedented agility. MDP's vision was clear - to create a powerful processing hub capable of end-to-end services while scaling effortlessly with its clients' evolving needs. The rollout of the project from scratch followed a phased go-live model, activating each BPC SmartVista module as new clients signed on, ensuring accelerated time-to-market and allowing MDP to expand its market share while scaling its platform capabilities in parallel. BPC SmartVista's advanced card-management engine lets MDP offer the issuance of complex personalised Debit, Credit and Prepaid products for the B2B customers. On the acquiring side, SmartVista enables Visa, Mastercard, and EBC branded cards acceptance through all MDP network. A 3D-Secure ACS and fraud management, rounds out MDP's offering. At the heart of the architecture lies SmartVista Integration Platform; by utilising advanced APIs, SmartVista Integration platform allows MDP to build custom APIs Gateway in-house, enabling faster client onboarding and adaptation to market trends, all while maintaining core system stability. Today, MDP serves over 260 financial institutions across more than 40 countries, making it one of the most established processing providers in the region. By continuously investing in infrastructure, local expertise, and product innovation, MDP remains at the forefront of financial inclusion and digital transformation across the continent. Its technology backbone has enabled the launch of numerous pioneering products in the region, from closed-loop cards to open-loop solutions for emerging digital platforms reinforcing its role as a catalyst for innovation. Recently, MDP's achievements were recognized on a regional level, earning a spot among the Top 20 of Forbes' 50 Leading Fintechs in MENA. Usama El Sayed, MD MEA, BPC, said: 'From tier-1 and tier-2 banks to fast-growing fintechs, every customer needs technology that scales on demand. We are proud to be the technology partner of MDP, helping the processor drive innovation and deliver payment experience through the MEA market. With SmartVista's advanced, modular design, MDP can launch, migrate, and innovate at speed, building an ecosystem from scratch and elevating digital payments across the region.' 'Our mission has always been to empower financial institutions with world-class payment technology that's agile, secure, and future-ready,' said Ahmed Nafie, CEO of MDP. 'Through our collaboration with BPC and the SmartVista platform, we have redefined what it means to be a processor in today's market, delivering not just services, but scalable ecosystems that enable innovation and financial inclusion across the region. Our commitment to regional demands & financial growth remains at the heart of everything we do.' About BPC BPC is a proven industry leader that is shaping the world of transactions with quick, safe and easy payment processing. With a focus on exceptional technology development and customer service, BPC helps tier 1, tier 2 financial institutions, fintechs, SMEs and other businesses to deliver innovative and best-in-class proven solutions that fit with today's consumer lifestyle when banking, shopping, or moving in both urban and rural areas. With more than 500 customers across 140 countries, BPC collaborates with all ecosystem players to deliver services for the digital world. Its core product SmartVista suite comprises cutting-edge banking, commerce, and mobility platforms that enable innovative solutions for digital banking, ATM and switching, payments processing, card, and fraud management, financial inclusion, merchant portals, transport, and smart cities. To find out more about how BPC can help businesses deliver a seamless payments processing experience to consumers, please visit About MDP: MDP is the leading payment enabler across Africa & the Middle East. It enables businesses to roll out their financial solutions with end-to-end payment infrastructure offerings – from personalized card production to financial transaction processing and digital payment solutions. MDP has been well-positioned in the market for more than 30+ years and is acknowledged for accelerating payment experiences through a tech-driven approach. MDP embraces the global adoption of innovative, scalable, and secure emerging fintech solutions that provide seamless omnichannel customer experiences. MDP is headquartered in Cairo, Egypt, and has an extended footprint in 40+ countries globally.
Finextra
19 hours ago
- Business
- Finextra
Paypercut raises €2m to build multi-provider BNPL hub
Paypercut, a European fintech that lets small and mid-sized merchants offer 'Buy Now, Pay Later' (BNPL) through a single integration, has raised €2 million in pre-seed funding - among the region's largest pre-seed rounds for a payments-focused company. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Concentric led the investment, joined by Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures and several well-known angel investors. Paypercut's BNPL Aggregator connects several underwriters in one place. Merchants integrate once, then either allow shoppers to choose their preferred BNPL provider at checkout or let an internal algorithm route the transaction to the fastest - or, when speed ties, the lowest-cost-provider. Funds settle in multiple CEE currencies straight to the merchant's existing bank account, and onboarding is fully digital, compressing what is often weeks of paperwork into a matter of days. 'Closing the sale is critical; a single BNPL decline can kill the basket,' said Stoil Vasilev, CEO, Paypercut. 'By combining providers with different risk appetites, we give shoppers choice and merchants a safety net. SMBs here have been underserved for years - our product finally puts them first.' 'CEE's small merchants still juggle pay-later options one provider at a time. Paypercut fixes that in one stroke - an aggregator built around local regulations and checkout habits, led by founders who've already scaled payments here,' said Alex Stroud, Principal, Concentric. 'We backed Paypercut for the calibre of the team and the clarity of the playbook. One integration, instant onboarding, multi-currency payouts - straightforward fixes to real merchant pain, with rails that can extend far beyond the region,' added Ethan Imboden, Partner, Tuesday Capital. The founding team - Stoil Vasilev, CEO, (ex-VP CorpDev & Finance at SumUp), Emil Savov, CRO built SumUp's CEE partner channel; founder of 84bits (acquired by SumUp), and Gareth Walsh, COO (former Global Head of Risk & Compliance at SumUp; ex-CCO at Payhawk) - will use the new capital to add BNPL partners in the region, localise onboarding flows in additional languages and grow an agency channel that shares in revenue. Paypercut already processes transactions for merchants in Bulgaria, Romania and Greece and is actively rolling out across the rest of CEE, with the Czech Republic, Poland, and Turkey next on the roadmap.
Finextra
19 hours ago
- Business
- Finextra
Thredd and Payblr partner on cross-border fintech expansion across Latin America
Thredd, the leading next-generation global payments processor, today announced a strategic partnership with Payblr, a Puerto Rico-based, regional payments enabler and licensed BIN Sponsor. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The collaboration will provide global fintechs the regulatory foundation and issuing infrastructure required to launch and scale in Latin America and the Caribbean (LAC). By combining Thredd's modular technology stack and global processing expertise with Payblr's cross-border card issuing capabilities, the partnership eliminates the traditional complexity associated with launching in LAC markets, offering a seamless pathway for innovative financial products to go live faster. The Thredd Payblr Partnership simplifies market entry for fintechs with unified access to Latin American payments, compliance, and customer engagement tools. 'This partnership is about removing barriers for today's most innovative payment leaders,' said Kevin Fox, Chief Revenue Officer for Thredd. 'Expanding into new regions can be complex and difficult to navigate. By teaming up with Payblr, we're offering a faster, simpler way for our clients to activate programs in Latin America, without compromising on compliance, scalability, or speed.' 'Thredd shares our belief that financial innovation should move fast and know no borders,' said Fabio Garcia Passalacqua, COO & Founder of Payblr. 'Through our partnership, we're enabling high-growth companies to expand across Latin America quickly, without many of the regulatory and operational hurdles that often slow global fintechs down. This partnership lays the foundation for a new era of seamless, cross-border payments in the region.' Payblr's ability to enable U.S. dollar card programs across much of Latin America makes it an ideal partner for companies offering gig economy payouts, disbursements, or cross-border services. According to Thredd, clients are already leveraging the infrastructure enabled by this partnership to activate programs in the region. With the Thredd Payblr Partnership, fintech companies get the infrastructure and expertise they need to grow in Latin America's fast-changing paytech market.
