Top Updates of the Week — Payments🚨

𝐇𝐞𝐥𝐥𝐨 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐅𝐚𝐧𝐚𝐭𝐢𝐜𝐬!

Coming in hot — ”𝐓𝐨𝐩 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐞𝐞𝐤" — a recap of the most valuable insights in the Payments Industry on a weekly basis.

• 🇨🇴 Yuno launches Smart Routing, a revolutionary payment solution leveraging proprietary data and intelligent algorithms, reinforcing its leadership in payment orchestration and commitment to empowering merchants with seamless, intelligent tech. The announcement was made at Web Summit, an event focused on the latest in global technology innovation. Yuno ’s Smart Routing eliminates the complexity of manually managing payment flows across multiple providers, allowing merchants to optimize costs, enhance response times, and easily boost transaction approval rates.

• 🇩🇪 Mollie enables Tap to Pay on iPhone in The Netherlands, France and Germany. This exciting development empowers Mollie ’s customers with a fast, convenient, and secure way to accept payments in the palm of their hand, adding new benefits for businesses that use the app daily to track payments, access funding, and manage accounting. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware.

• 🇧🇷 𝐏𝐢𝐱 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭: How AI reads and listens to messages for easy transfers on WhatsApp. This innovative tool allows users to initiate transfers through text, audio, photos, and screenshots, with a virtual assistant identifying data and initiating the transaction. Users then complete it in their banking app. To create the feature, PicPay trained the 'bot' with its own information and used artificial intelligence models from OpenAI , the company that created ChatGPT. These models are made available by Microsoft so that companies can incorporate AI into their products or operations.

• 🇺🇸 The Visa 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐂𝐫𝐞𝐝𝐞𝐧𝐭𝐢𝐚𝐥 is now LIVE with Affirm and Liv Digital Bank . Affirm customers can now choose to pay immediately or split the payment using the Flexible Credential. Liv customers can now use their existing card to support accounts in other countries if they're expats or travel. Visa 's Flexible Credential enables users to link multiple funding sources — like credit, debit, or loyalty points — to a single payment credential, allowing them to switch between accounts seamlessly during transactions. Read on

• 🇺🇸 Klarna moves towards long-awaited US IPO with confidential filing. The BNPL company announced Tuesday it had confidentially filed for an IPO with the U.S. Securities and Exchange Commission , though the share count and price range remain undetermined. This is a marked recovery from its $6.7 billion valuation in the 2022 downround but still a far cry from the $45.6 billion it commanded at its 2021 peak. The company’s statement reveals that the IPO is set to proceed once the SEC completes its review, subject to market conditions, leaving room for anticipation in the coming months.

I highly recommend following my partner at Connecting the dots in payments... , Marcel van Oost , for more great updates like this one and subscribe to his Payments daily newsletter

This is all for this week! Enjoy the weekend 🤝☕️

► By Arthur Bedel 💳 ♻️ , Marcel van Oost and Connecting the dots in payments...