Fintech PR
CellPoint Digital Partners with PayU GPO, a Payment Service Provider Specialising in Emerging Markets
Travel merchants working with CellPoint Digital can access PayU GPO’s localised payment offerings and APMs, enhancing their regional expansion capabilities
LONDON, Oct. 2, 2024 /PRNewswire/ — CellPoint Digital, the leading provider of payment solutions for the airline industry and a global pioneer of Payment Orchestration, today announced a strategic partnership with PayU GPO, a leader in global payments and innovative fintech and a premier payment services provider (PSP) across emerging markets.
The partnership will increase the payment options available to travel merchants that work with both companies, enabling more seamless entry into new regions with PayU GPO’s localised offerings and alternative payment methods (APMs). PayU GPO operates across over 50 emerging markets, with a strong presence in Central and Eastern Europe, Africa, and Latin America.
Its expertise will extend CellPoint Digital’s capacity to support travel merchants in expanding their regional footprints with greater ease and efficiency. CellPoint Digital merchants have already committed to using PayU GPO, and integrations are underway.
Through the partnership, merchants will benefit from the APM Hub serving as a centralised hub for contracting and onboarding, whilst gaining access to PayU GPO’s streamlined services, high approval rates, and swift payment processing.
Expanding Access to Alternative Payment Methods
Crucially, CellPoint Digital’s merchants will, through a single integration, gain access to various market-specific options offered by PayU GPO, including alternative payment methods (APMs), which are popular in emerging markets where traditional methods are less prevalent. In Latin America, for example, APMs accounted for 39% of the region’s digital commerce volume in 2022.
Merchants with a presence or plans to expand in the region can offer cash vouchers, a widely used APM in Latin America, through the PayU GPO partnership. According to CellPoint Digital’s Payments Come of Age report, 31% of regional airlines plan to offer vouchers as a payment option within the next 6-12 months, compared to the global industry average of 25%.
Similarly, CellPoint Digital merchants will be able to offer Colombian travellers without a credit or debit card the option to pay directly from their bank accounts, thanks to PayU GPO’s partnership with PSE, an established platform used by more than 26,000 businesses across Colombia.
Joining Forces to Unlock Growth in Emerging Markets
“CellPoint Digital is a perfect partner for us to establish a strong foothold in the aviation sector. We anticipate significant interest from its merchants, who see alternative payment methods (APMs) as a key to breaking into emerging markets, where our expertise lies,” said Michiel Knoester, Partner Manager EMEA at PayU GPO.
The Latin American airline sector has experienced a comparatively swift recovery, with IATA forecasting that 2024 will surpass 2023. PayU GPO’s platform, which offers one of the broadest selections of local and global payment methods, leverages the latest AI and fintech solutions to ensure a smooth checkout experience for customers worldwide. This simplified processing, combined with extensive support for APMs and CellPoint Digital’s leading Payment Orchestration platform, creates a powerful solution that will deliver tangible benefits to merchants across the travel sector.
“APMs are the future, particularly in Latin America and other high-growth emerging markets. PayU GPO has all the right credentials to help us expand APM offerings and enable our merchants to capitalise on localised payment solutions that better meet their needs,” added Andy Sale, Head of Partnerships at CellPoint Digital.
For more information about CellPoint Digital and its partnership with PayU GPO or to schedule an interview with a CellPoint Digital company executive, please contact Steven Osei at [email protected].
About CELLPOINT DIGITAL
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more.
About PayU GPO
For the last 20 years, PayU GPO has been a leading online payment service provider, operating in 50+ emerging markets in Latin America, Africa, and Eastern Europe, dedicated to creating cutting-edge financial services tailored to the needs of over 450,000 merchants and millions of consumers. PayU GPO is focused on empowering people through financial services and creating a world without financial borders where everyone can prosper.
As an online payment service provider, it deploys hundreds of payment methods and PCI certified platforms to process approximately 10 million payments every single day. It also specialises in innovative consumer and small business solutions that improve access to credit and banking services in markets that are underserved by traditional financial services providers. For more information, please visit https://corporate.payu.com.
View original content:https://www.prnewswire.co.uk/news-releases/cellpoint-digital-partners-with-payu-gpo-a-payment-service-provider-specialising-in-emerging-markets-302264730.html
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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