Fintech
The Payments Group launches and lists on stock exchange
The Payments Group launched today, a group of four cooperating specialist fintech and paytech businesses. TPG brands operate in a combined 190 countries, are used for payments on tens of thousands of apps/websites, and its cash services are available at 550,000 physical retail locations worldwide. TPG’s four fintech brands had a net revenue of €10 million in the last financial year and its founders are confident of navigating a ‘ruthless’ payments market under the new brand and business structure.
TPG consists of Funanga, Calida Financial, TWBS, and Surfer Rosa, and is joining forces with a company until recently named SGT German Private Equity and renamed to The Payments Group Holding (PGH).
TPG offers a comprehensive range of online payment services, including embedded financial services, prepaid technologies, and global payment and payout solutions. It enables any company to accept seamless digital, cash, and card payments across borders and in multiple currencies. It provides truly embedded and seamless 360-degree payment service which ensure end users never have to leave their chosen site/service/app to make a payment – which is the biggest point of friction in the payment journey.
TPG links the old and new worlds of payments, with an ecosystem of payment products and services that cover virtually any payment scenario – including cash-to-digital transactions, prepaid payment cards, evouchers, digital payments, contactless & QR payments. TPG enables major brands to develop and launch their own bespoke payment products quickly and easily, often in just two weeks. Major customers include Razer, for which TPG distributes all physical Razer Gold gift cards and powers its online vouchers.
“No one cares how payments work. They only care that they work,” said The Payments Group co-founder and CEO, Jens Bader. “There is no brand loyalty, and it is a ruthless market. If a customer experiences any friction, they abandon their purchase. The minute you fall behind the market standards, merchants look elsewhere. This may sound daunting, but we are obsessive about payments, and we are built to thrive in harsh conditions.”
“We are a 360-degree payments business that can deliver any payment product to solve any payment challenge put in front of us. Even though we are new to the market as TPG, we already have everything we need to become a major player in payments 3.0. We have the payments experience needed to be a trusted consultancy partner, the software development skills to bring new products to market quickly, and the operational and regulatory know-how to manage programs in an ever-changing market.”
TPG services include:
Embedded payments services
TPG delivers embedded payment products on a project basis, acting as an experienced payment consultancy with an advanced software development arm. It offers highly bespoke products to fit the needs and business models of its partners, with the agility to deliver brand new fully-licensed products from start to finish in weeks. These products can include white-labelled e wallets, payment processing, virtual IBANs and backend systems. Unlike other payment partners that stitch together multiple third-party services and redirect customers to a payment service, TPG’s white label programs are an all one service. This means that the customer never leaves the app/site/program during the payment process.
Bespoke prepaid programs
TPG develops and manages an array of pre-paid programs for merchants including gift cards, vouchers, prepaid payment cards. This includes being the exclusive payment partner of Razer Gold, the gift-card scheme from video game giant, Razer. Every Razer Gold voucher sold in Europe is sold via TPG. TPG prepaid programs can be closed or open loop, giving merchants flexibility to strictly control the kinds of payments they receive.
Cash payments
Cash remains an essential part of the global payments mix, and is the most popular and inclusive payment method worldwide. The popular CashtoCode service operated by Funanga (now TPG) enables customers to top up their pre-paid cards and digital accounts using cash at more than 550,000 petrol stations, newsagents, supermarkets, and other Point of Sale locations. It can be used by anyone with access to a smartphone or computer, as a secure, reliable payment solution for cash-first customers and the unbanked. For merchants, TPG makes it easy to integrate a cash solution into their wider payment strategy and appeal to cash-first customers.
The post The Payments Group launches and lists on stock exchange appeared first on HIPTHER Alerts.
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
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Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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