Fintech PR
Instalment payments boost revenue of global companies in Brazil by 40%, reveals EBANX
In one of the most benefited sectors, international gaming companies are raising the order value from Brazilian customers
CURITIBA, Brazil, Dec. 19, 2024 /PRNewswire/ — In Brazil, global companies offering instalments as a payment solution experience an average weekly revenue growth of 40%, as revealed by internal data from EBANX, a global technology platform specialising in payment services for rising markets. This trend is particularly pronounced in the gaming sector, where the Average Order Value (AOV) with instalments increases by 98% compared to single-payment transactions.
Eduardo de Abreu, Vice President of Product at EBANX, explained that instalments are a cultural phenomenon in Brazil, rooted in the country’s history of high inflation in the 1980s and early 1990s. “Over time, instalments have become deeply ingrained in Brazilian and all Latin American cultures, providing consumers with a convenient and accessible way to make purchases, especially for higher-ticket values,” de Abreu added.
Latin America has emerged as the next frontier for the international expansion of gaming companies. The industry revenue in the region is projected to grow by 6.2% in 2024, surpassing Asia-Pacific’s growth rate of 1.5%, North America’s 0.6%, and Europe’s 3.2%, according to market research firm Newzoo. The latest data from EBANX on instalments outlines a strategy for international companies to access Latin America’s growing gaming market.
Offering instalment payments has already proven to be a key growth strategy for merchants in Brazil. For instance, after introducing this payment solution, a gaming platform processing transactions through EBANX saw a 169% increase in AOV over the course of one year. Another gaming company experienced a 14% weekly revenue boost after adding instalments as an option for customers.
“This merchant was even able to reconnect with its clients because of this feature,” said de Abreu. After the company began offering instalments, 30% of Brazilian customers who hadn’t purchased in one month returned to make higher-value payments. Today, nearly half of this merchant’s transaction volume in Brazil is driven by instalments.
The VP of Product pointed out that “understanding how customers behave in different markets is essential to unlocking greater opportunities.” De Abreu explained that by providing tailored solutions with traditional and alternative payment methods for Latin American gamers, global companies can navigate the region’s unique market dynamics, ensuring seamless transactions and boosting user engagement.
ABOUT EBANX
EBANX is the leading payment platform connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of giving people access to buy in international digital commerce. With powerful proprietary technology and infrastructure, combined with in-depth knowledge of the markets where it operates, EBANX enables global businesses to connect with hundreds of payment methods in different countries in Latin America, Africa, and Asia. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients.
For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx
Media Contact:
Leonardo Stamillo
[email protected]
Content CO
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View original content:https://www.prnewswire.co.uk/news-releases/instalment-payments-boost-revenue-of-global-companies-in-brazil-by-40-reveals-ebanx-302335780.html
Fintech PR
Loomis Chooses Peregrine Connect as Their No/Low-Code Integration Platform: Connecting 1,000+ Endpoints and Automating 200+ Processes
IRVINE, Calif., Dec. 19, 2024 /PRNewswire/ — Loomis selected the Peregrine Connect’s Integration Platform to improve operational efficiency and reduce costs. As one of the largest global networks providing comprehensive payment management solutions across 27 countries, including the United States and much of Western Europe, Loomis sought to strengthen data integration and communication throughout its extensive network.
Loomis recognized the need to scale its operations to address the challenges of expansion. To boost productivity and advance their digital transformation efforts, they identified Peregrine Connect as the ideal low-code integration solution.
By adopting Peregrine Connect, Loomis achieved real-time data integration, ensuring seamless data sharing across its internal teams and customers. This shift eliminated communication silos and established robust integration processes across the organization.
Peregrine Connect enabled Loomis to connect over 1,000 endpoints and establish more than 200 business processes to optimize workflows and improve operational efficiency. This success has positioned the company to focus on long-term goals.
“Peregrine Connect’s management suite is an invaluable tool for our organization. As a non-developer, I appreciate it’s no/low-code capabilities. It enables me to efficiently handle critical tasks like error detection, audits, and message tracking. The platform makes it easy to search for and track messages across multiple applications with intuitive, fast reporting features that help us quickly identify the root causes of issues.”
– Petri Rautakoski, Head of IT Integrations at Loomis
Read More About the Case Study
About Loomis
Loomis, with over 170 years of expertise, is one of the largest global networks delivering comprehensive payment management solutions. Operating in 27 countries, including the United States and most of Western Europe, Loomis specializes in the distribution, handling, recycling, and secure storage of cash and valuables. Their products and services cater to financial institutions, governments, and businesses worldwide, ensuring efficient and secure cash management on a global scale.
About Peregrine Connect
Peregrine Connect is a leading integration platform designed to help businesses simplify the design, deployment, hosting, and management of applications, APIs, and workflows. Its advanced suite of connectors for popular enterprise applications delivers powerful capabilities for data, services, and application integration, along with comprehensive support for business processes and workflows.
Customers gain a superior development experience, enhanced performance, and faster time-to-value. With Peregrine Connect, projects are deployed in weeks rather than months, enabling organizations to achieve their goals with unparalleled efficiency.
Learn More: https://www.peregrineconnect.com/
Media Contact:
Nelly Monjazeb: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/loomis-chooses-peregrine-connect-as-their-nolow-code-integration-platform-connecting-1-000-endpoints-and-automating-200-processes-302335319.html
Fintech PR
KuCoin’s “Light Up Africa” Donation Ceremony Held in Ghana, Benefiting 36,000 African Children
ACCRA, Ghana, Dec. 19, 2024 /PRNewswire/ — On December 19, the “Light Up Africa” Children’s Solar Lamp Project, jointly initiated by KuCoin, Global CSR, and the Smiling Simon Greenbuild Foundation, held its donation ceremony in Ghana. The project aims to provide light for schoolchildren in underdeveloped areas of Africa, promoting education equality and improving their living conditions.
This charitable initiative originated at the 28th United Nations Climate Change Conference (COP28) in 2023, where KuCoin made a firm commitment to support social welfare initiatives during the “KuCoin Green Future Dinner”, witnessed by over 200 guests from various countries. In 2024, KuCoin has continued to fulfill its social responsibilities by launching a series of impactful public welfare projects, with the “Light Up Africa” Children’s Solar Lamp Project standing out as a prime example.
Through the donation of solar reading lamps, the project provides opportunities for children in rural African areas without electricity to study at night, illuminating their path to knowledge. In February 2024, the first batch of 2,500 solar lamps was delivered to 25 schools in Nigeria. By October 2024, an additional 7,200 solar lamps were distributed to various communities in Sierra Leone, Nigeria, and Ghana, benefiting even more children.
At the donation ceremony in Ghana, Dr. Anita Nana Okuribido from the Smiling Simon Green Building Foundation expressed sincere gratitude to KuCoin. She highlighted that local children previously relied on candles or dim moonlight for their evening studies. The solar lamps donated by KuCoin have significantly improved their learning conditions. One solar lamp impacts at least five students, meaning this project directly benefits 36,000 children, helping them step out of darkness and embrace the light of knowledge.
Zhao Jing, Chairman of Global CSR, emphasized that this project has ignited African children’s enthusiasm for learning, boosting their confidence and instilling hope for a brighter future. This effort is not merely a material donation but also a profound source of encouragement.
As a global leader in the digital economy, KuCoin remains committed to sustainable development goals, focusing on areas such as climate change, health, and education, and has achieved significant positive social impact. KuCoin’s Chief Sustainability Officer (CSO), Nancy Cheung, stated that the “Light Up Africa” project is a key step in KuCoin’s journey to advance the United Nations’ 17 Sustainable Development Goals. KuCoin will continue to support children’s education and technological innovation, driving society toward a better future.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoins-light-up-africa-donation-ceremony-held-in-ghana-benefiting-36-000-african-children-302335917.html
Fintech PR
Pan Finance Magazine Announces the Q4 Release and Award Winners of 2024
LONDON, Dec. 19, 2024 /PRNewswire/ — As the fourth quarter of 2024 draws to a close, the world of finance has been marked by significant developments, including escalating Middle East tensions driving up oil prices and China’s aggressive stimulus measures to rejuvenate its economy. In this vibrant and challenging economic landscape, Pan Finance Magazine is excited to announce the upcoming release of its highly anticipated 2024 Q4 edition.
This issue offers insightful analyses and in-depth articles covering pivotal topics such as ‘Can China’s Stimulus Blitz Fix Its Flagging Economy’ and ‘How the Trump Presidency Might Change the Global Economy.’ Readers will explore the implications of rising oil prices on the cost-of-living crisis, strategies to reverse Britain’s chronic underinvestment in energy, and innovative solutions like nuclear fusion to meet AI’s energy demands. Additionally, the edition features pieces on the EU’s new satellite constellation RIS for communications autonomy, tackling human error in cybersecurity, the potential threats of AI superintelligence, and the role of finance in addressing the world’s biodiversity crisis.
Furthermore, Pan Finance continues to shine a spotlight on a variety of topics by highlighting leading examples of best practice across the financial services sector and beyond. Established to be a true measure of excellence, the Pan Finance awards look beyond the realm of the balance sheet alone, measuring success through innovation, stewardship of the environment and positive impact on society.
Ivan Suasti, CEO, SG Consulting LLC, stated, “We are deeply honored to receive the Capital Management Solutions Provider of the Year Ecuador 2024 award. This recognition is a testament to the hard work, dedication, and expertise of our entire team at SG Consulting Group. We are grateful to all our colleagues who have contributed to this achievement. This award reinforces our commitment to providing exceptional financial solutions and adhering to the highest industry standards. We see this as a significant milestone, but it’s just the beginning. We look forward to continuing our journey of innovation and excellence, delivering value to our clients and contributing to the growth of the financial services industry.”
“Faes & Co is honored to be named the winner of the ‘Private Credit Firm of the Year – USA 2024′ award from Pan Finance. This recognition is really appreciated by the whole team at our firm, who have worked tirelessly to advance our mission to provide a consistent, stable, asset-backed return for our investors. We’d like to thank Pan Finance for the recognition and congratulate the other winners of the awards,” said Christian Faes, CEO of Faes & Co.
Gene Yoo, CEO of Resecurity, said, “Resecurity is excited to receive an award from PAN Finance in one of the core categories – Digital Risk. Our team is proud to protect major financial institutions and Fortune 100 companies worldwide, ensuring cyber resilience and trust among consumers.”
Pan Finance is delighted to announce the following award winners in the Q4 2024 edition:
Absa Mauritius – ESG Innovator of the Year – Mauritius 2024
Absa Mauritius – Most Innovative Digital Banking Services – Mauritius 2024
Arc & Co. – Capital Advisory Firm of the Year – UK 2024 –
BDSwiss – Best Educational Broker – Global 2024 –
Faes & Co – Private Credit Firm of the Year – USA 2024 –
Numarqe – Corporate Credit Solutions Provider of the Year – Europe 2024
Paxon – Financial Advisory of the Year – Asia Pacific 2024 –
Resecurity – Best Cybersecurity Platform for Digital Risk Management – MENA 2024 –
Riskalyze – Best SaaS for Wealth Management Firms – USA 2024 –
SG Consulting – Capital Management Solutions Provider of the Year – Ecuador 2024 –
Tayseer – Best Islamic Auto Financing Solutions – Saudi Arabia 2024 –
Wysh – Most Innovative Financial Protection Solutions – USA 2024 –
Wysh – Excellence in Financial Inclusion – USA 2024 –
XM – FX & CFD Broker of the Year – Europe & Middle East 2024 –
To learn more about these award winners, pick up the latest issue of Pan Finance magazine, available now:
Featuring articles from:
Samia Suluhu Hassan, president of the United Republic of Tanzania; Kenneth Rogoff, former chief economist of the International Monetary Fund, professor of economics and public policy at Harvard University, recipient of the 2011 Deutsche Bank Prize in Financial Economics, co-author (with Carmen M. Reinhart) of This Time is Different: Eight Centuries of Financial Folly (Princeton University Press, 2011), author of the forthcoming book Our Dollar, Your Problem (Yale University Press, 2025); Howard Davies, first chairman of the United Kingdom’s Financial Services Authority (1997-2003), chairman of NatWest Group, former director of the London School of Economics (2003-11), former deputy governor of the Bank of England, director-general of the Confederation of British Industry.
About Pan Finance
Each quarter Pan Finance delivers key information through time-sensitive financial news covering world markets, industry analysis and c-suite level interviews. Content from renowned academics and leading professionals provides an accessible view of global trends, with a focus on finance, economics, infrastructure, technology and sustainability – www.panfinance.net
Contact information
Olu Emmanuel
Head of Research & Awards
+44 (0) 208 090 0874
[email protected]
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/pan-finance-magazine-announces-the-q4-release-and-award-winners-of-2024-302335817.html
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