Fintech News Malaysia - part of Fintech News Network’s Post

Yazara Integrates with Global Payments Inc. to Enhance Global Reach and SoftPOS Technology Read more: https://lnkd.in/dXGQnhCi #Yazara #GlobalPayments #SoftPOS #Integration #GlobalReach #Finance #Fintech #FinancialIT

Did you know that Malaysia has lagged in fintech development while other countries have surged ahead? If you offer multiple payment options like e-wallets, card payments, and cash in your retail store, why not expand your business’s payment methods beyond the traditional bank transfer? Are you aware that your credit card payment options aren’t fully utilized, and you’re hesitant to go through the lengthy process of applying for additional bank financing? It’s time for a game-changer! Act now and speed up your business growth. To learn more, DM me. #PayMate #B2Bpayment

Implementing a payment hub can be a "same same but different" experience across markets due to local practices and regulations.  So, we’re exploring each market to get a better understanding, starting with the Netherlands!🌷 Thanks to Huub Wevers, who brings decades of experience in banking and fintech across various countries including the Netherlands, here are some among multiple interesting insights we've gathered: ✔ Companies frequently request handling various types of payments beyond the usual accounts payable. ✔ Cloud-based multitenant solutions are popular because they enable payment hub vendors to offer scalable options. ✔ The setup of typical payment hubs can be likened to a spider at the center of a complex web of systems, banks, entities, and users. ✔ IT is becoming an increasingly important stakeholder in payment hub procurement due to security concerns. And more! Check out our latest article for the details about how payment hubs work in the Netherlands! 👉https://lnkd.in/dc6x2ysa

💸🏢In the last few decades, businesses have been embracing advanced technologies to tackle complex business challenges. Payment hubs, especially in places like the Netherlands, have become a go-to solution for expanding enterprises. Dive into the article for a closer look at how payment hubs work in the Netherlands 💡

[Published in February 2024] 🌟 Bukalapak and Standard Chartered collaborated to launch BukaTabungan, offering digital banking services to millions in Indonesia. 📱 Embedded finance is a growing trend, allowing companies to offer banking services without traditional licenses, backed by banks' infrastructure. 💡 Tech providers like Audax and HugoHub facilitate this trend, enabling quick and cost-effective integration of financial services into various platforms. 💼 This shift presents opportunities for banks to expand customer base and revenue streams while streamlining operations and improving profitability.

[Published in February 2024] 🚀 Companies like Bukalapak are reshaping finance with embedded banking services, making transactions seamless for over a hundred million users. 💡 Firms like Audax and HugoHub are revolutionizing banking infrastructure, empowering banks to offer digital services swiftly and efficiently. 🔧 With modular solutions, banks can now launch diverse financial products in record time, slashing costs and expanding their reach. 💰 While still evolving, these tech-driven approaches promise significant cost savings and enhanced profitability for banks in the long run. Exciting times ahead for fintech.

Just finished reading the "Breaking Borders: The Revolution of Real-Time Cross-Border B2B Payments in Asia" report by Kapronasia in collaboration with Nium. Official Link:https://lnkd.in/gFGnsYmX This path-breaking report represents an insight into problems that businesses take care of when dealing with #crossborder B2B payments and unveils the transformative potential of real-time #payment systems in Asia. The Pain Points: The report focuses on the difficulties and lengthy transaction times arising from the traditional payment processing methods which are coupled with the high cost to the users. These entities language barriers, regulatory environment, and fee structures are even worse. Therefore, the global transaction process is complicated and costly. The Revolution: Beyond the application of #fintechsolutions, cross-border B2B payments could see remarkable advancements through regulatory harmonization as well in Asia. The #SWIFT Global Payments Innovation (#GPI) is an example of how this task has been actualized as it provides more clarity, speed, and visibility. The Opportunities: Real-time payment systems are a great way for a business to be able to speed up procedures, curb costs and improve transaction time. The result of this is not only a good financial situation and forecasting but also gaining a competitive edge in the global market. The report gives a strong discourse on the significant need for innovations and reforms in the cross-border payment process. It makes a point about the significance of the use of fintech instruments and the realization of advantages from these evolutions in achieving success in the global world. As businesses strive to expand globally, staying informed about the latest trends in cross-border #B2B payments is crucial. This report provides invaluable insights and strategic guidance for organizations looking to break down borders and unlock new opportunities. #reakingborders #crossborderpayments #fintech #asia #globaltrade #businessgrowth

Just finished reading the "Breaking Borders: The Revolution of Real-Time Cross-Border B2B Payments in Asia" report by Kapronasia in collaboration with Nium. Official Link:https://lnkd.in/gFGnsYmX This path-breaking report represents an insight into problems that businesses take care of when dealing with #crossborder B2B payments and unveils the transformative potential of real-time #payment systems in Asia. The Pain Points: The report focuses on the difficulties and lengthy transaction times arising from the traditional payment processing methods which are coupled with the high cost to the users. These entities language barriers, regulatory environment, and fee structures are even worse. Therefore, the global transaction process is complicated and costly. The Revolution: Beyond the application of #fintechsolutions, cross-border B2B payments could see remarkable advancements through regulatory harmonization as well in Asia. The #SWIFT Global Payments Innovation (#GPI) is an example of how this task has been actualized as it provides more clarity, speed, and visibility. The Opportunities: Real-time payment systems are a great way for a business to be able to speed up procedures, curb costs and improve transaction time. The result of this is not only a good financial situation and forecasting but also gaining a competitive edge in the global market. The report gives a strong discourse on the significant need for innovations and reforms in the cross-border payment process. It makes a point about the significance of the use of fintech instruments and the realization of advantages from these evolutions in achieving success in the global world. As businesses strive to expand globally, staying informed about the latest trends in cross-border #B2B payments is crucial. This report provides invaluable insights and strategic guidance for organizations looking to break down borders and unlock new opportunities. #reakingborders #crossborderpayments #fintech #asia #globaltrade #businessgrowth

b2b: cross border revolution: read: fintech:

Nexus was conceptualised by the Innovation Hub of the Bank for International Settlements (BIS) to connect the payment systems of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand) and India, who would be the founding members and first mover countries of this platform