Eftpos Specialists Group’s Post

The Netherlands was a pioneer in #instantpayments, having been an early adopter of Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) to meet evolving market dynamics – and opportunities embedded into popular #P2P and #ecommerce use cases. The 2024 Prime Time for Real-Time report recognizes #Netherlands as #4 in Europe for instant payments transaction volume, reaching over 1 billion in 2023. Dive further into the region here: https://aciw.co/4eH1KYz

The daily commute can be stressful for everyday citizens who want to reach their destinations quickly. 🚌 With VeryPay tokens, bus riders can pay conveniently without the risk of cash, and they enable bus drivers to collect a digital record of the transaction, reducing the risk of fraud or theft. VeryPay is a transaction engine and payment token system that integrates with any eWallet. Mobile Money Operators can run their own branded, contactless payment scheme without needing issuers, acquirers, or payment service providers. We developed VeryPay to revolutionise value chains such as transportation to bring seamless, cashless digitisation and financial inclusion to the whole value chain! VeryPay brings speed and convenience to mobile money payments and plays a major role in driving financial inclusion by creating digital financial records for everyone. Wherever you are on your mobile money journey, VeryPay can help! #paymenttechnology #digitalpayments #financialinclusion

🔔 CEC Bank continues to lead in digital innovation! 💳📱 We are excited to announce the launch of RoPay, a new service that simplifies and speeds up payments between individuals in close proximity. With RoPay, you can request money and make instant payments in less than 10 seconds! 🎉 👉 What is RoPay? It’s a service that enables fast and easy transfers between clients by simply scanning a QR code—no IBAN or complicated banking details required. All you need is the CEC app—quick and right at your fingertips! 🕐 Available 24/7 Whether you need to split a bill at a restaurant or pay back a friend, RoPay is always available, free for both the payer and the recipient. 📲 How does it work? Generate a QR code in the CEC app The payer scans it with CEC app or the mobile banking app of another bank enrolled in RoPay The transaction is confirmed instantly! This is yet another step in our commitment to bringing modern financial solutions directly to our customers' hands. 🚀 #DigitalInnovation #CECbank #Innovation #RoPay #InstantPayments #BankTransfers #Fintech

This is how Payment Roaming works 👇    Watch our video to see that #PaymentRoaming between #Bluecode, BANCOMAT S.p.A., and Alipay+ has gone live and is working for real! 🚀🥳  You can see a #BancomatPay user seamlessly paying at a Bluecode acceptance point, as well as a Bluecode user paying at an Alipay+ acceptance point. In both cases, the user is "roaming" in a different network. Neither the user nor the merchant needs to change their usual behavior— for both, it feels like a transaction they are already familiar with. In the background, the payment schemes are communicating with each other to guarantee a seamless interoperable transaction across borders and networks. 💯🤝     #mobilepayment #interoperability 

JazzCash Leads with Pakistan's Largest Merchant Base Enabled on Raast Person-to-Merchant (P2M) QR! With over 350,000 merchants enabled to accept Raast P2M payments, JazzCash proudly leads this interoperable digital payment initiative from the State Bank of Pakistan (SBP). Already, more than 100,000 of these merchants have started using their Raast QR/Till ID to seamlessly receive payments from customers of other Raast-enabled banks. Our ambition is to convert all cash based over the counter transactions to interoperable digital payment mechanisms across private & public sector while creating value for both the consumers and merchants. The focus to be higher on Tier-2 markets to bring unbanked and underbanked population on digital payment rails. #CashlessSociety #DigitalPayments #FinancialIncusion #Fintech

#fintech #payments #UPI : Pine Labs Launches UPISetu- A Unified UPI Payment Platform for Businesses and Developers. Pine Labs, a leading merchant commerce platform, has launched UPISetu, a comprehensive platform for businesses and developers to seamlessly integrate UPI payments into their offerings. Developed in partnership with Axis Bank Bank, UPISetu provides a suite of APIs for various UPI functionalities, including QR code payments, UPI Autopay, EMI, and third-party validation. The platform also offers value-added features such as brand offers, dispute resolution, and instant cashback, providing businesses with a unified solution for their UPI payment integration needs. By leveraging UPISetu, businesses can now focus on their core offerings while Pine Labs and Axis Bank handle the complexities of UPI integration and management. Source : Inc42 Media

JazzCash Leads with Pakistan's Largest Merchant Base Enabled on Raast Person-to-Merchant (P2M) QR! With over 350,000 merchants enabled to accept Raast P2M payments, JazzCash proudly leads this interoperable digital payment initiative from the State Bank of Pakistan (SBP). Already, more than 100,000 of these merchants have started using their Raast QR/Till ID to seamlessly receive payments from customers of other Raast-enabled banks. Our ambition is to convert all cash based over the counter transactions to interoperable digital payment mechanisms across private & public sector while creating value for both the consumers and merchants. The focus to be higher on Tier-2 markets to bring unbanked and underbanked population on digital payment rails... #CashlessSociety #DigitalPayments #FinancialIncusion #Fintech

#MobileWallets continue to evolve and the #payment and #moneytransfer market is #transforming before our very eyes. The introduction of peer-to-peer payments between countries based upon mobile phone numbers by Vipps MobilePay is yet another example of an innovative application of mobile payments and wallet technology that every #telecom and #mobile operator should be considering as part of the evolution from Telco to Techco. I wonder if the team at Vipps MobilePay would welcome the opportunity to spread the love and partner up with #mobileoperators and financial institutions in other regions to disrupt the traditional international payment and money transfer oligopoly. Telco's and Mobile Operator's cannot afford to be left behind when it comes to #innovation and moving up the #digitalvaluechain. https://lnkd.in/gr_QJAjk

Did you know that Liquid Account can be seamlessly integrated as an embedded finance solution for consumer apps to enable advanced digital wallet capabilities? Key Features: ⏺ Multi-Currency Wallet ⏺ Real-Time Cross-Border P2P Transfers ⏺ Cross-Border QR Payments ⏺ Compatible with existing digital rewards and voucher programs Case Study: Payment services related to Changi Pay are provided by Liquid Group. In 2023, Liquid Account was launched for Changi Pay, enabling users to make cross-border QR payments at Alipay+ merchants in China, Malaysia, and beyond. To drive spending, Changi Pay runs regular promotions via their integrated e-Voucher program. Explore how Changi Pay users can spend like a local in China: https://lnkd.in/d3jj5Jv8 Read more on how Changi Pay x Liquid Account works: https://lnkd.in/dKdzAyQp We are excited to continue supporting Changi Pay and our other partner apps on their journey to provide a better shopping experience for travellers. #LiquidGroup #Fintech #EmbeddedFinance #DigitalWallet #CrossBorderPayments #Innovation #ChangiPay #ChangiApp

📹 Everything you need to know about contactless payment adoption in Africa and how MeaWallet is driving mobile payments across the continent is shared in this video by Michael Greer. 🌍 In numerous African and emerging markets, the presence of major contactless payment platforms such as Google, Apple, and Samsung Electronics Pay remains notably limited. ➡ However, financial institutions and fintech companies throughout the continent are turning to MeaWallet to address this gap. MeaWallet offers contactless payment alternatives, leveraging technologies like host card emulation (HCE) and Issuer Pay solutions. In a recent event in Nairobi, Kenya, Mike Greer from MeaWallet elucidated the potential and capabilities of integrating existing banking or fintech applications with MeaWallet's solutions, enabling them to function akin to established NFC payment wallets like Google or Samsung Pay. ➡ This presentation aimed to provide insights into how institutions can leverage MeaWallet's offerings to enhance their payment ecosystems and meet evolving consumer demands for convenient and secure contactless transactions. With the emergence of solution providers like MeaWallet in the market, there is palpable competition underway to ascertain the frontrunner in the contactless payment landscape across Kenya and Africa at large. #tokenization #taptopay #contactlesspayments #banking #fintech #Africa #kenya #mobilepayments https://lnkd.in/dqGDHwUX