DBS Bank Ltd (“DBS”) today announced that it has entered into an agreement to sell a 77.8% stake in AXS Pte. Ltd. (“AXS”) to private equity firm Tower Capital Asia.
In the second episode of this 4-part FinextraTV series, Stephen Everett, MD Cash Management & Payments, Lloyds and Roy Marsh, Global Payments Director at Finastra, discuss the significant changes happening in payment solutions as a result of Open Banking, Embedded Finance, shifting digital solutions and regulatory changes. We hear how ISO has been a major diversion for all banks in recent years, what will be the impact going forward, and the role of partner collaboration in enabling banks to maintain their competitive edge within these rapidly changing payments landscape.
According to the Australian Banking Association, of the 2.6 million businesses in Australia, the majority (98%) are small and medium enterprises (SMEs).
Flutterwave, Africa's leading payments technology company, has launched Tuition, a new payment product, to allow African users to conveniently pay various fees to educational institutions within Africa and overseas using their local currencies.
International, non-profit organization nexo standards – established to create a unified global card payments acceptance ecosystem – has welcomed GIM-UEMOA into the association to implement ISO 20022 specifications that help reduce time to market of West African payment solutions and improve the customer experience.
