Latest news with #DigitalPayments
Zawya
7 days ago
- Business
- Zawya
National Finance honoured for innovation in digital payments and customer experiences
Muscat: In recognition of its outstanding efforts to advance digital innovation and elevate customer experience, National Finance, the Sultanate of Oman's leading finance company, was recently honoured with the prestigious 'Innovation in Digital Payments and Customer Experience' award at the 2025 Cybersecurity and Cloud Service Conference and Awards. This accolade underscores the company's commitment to delivering cutting-edge digital financial solutions while enhancing the overall customer journey. The award was graciously accepted on behalf of the company by Mr. Rakesh Makkar, Deputy Chief Executive Officer at National Finance. The award celebrates National Finance's efforts in leveraging advanced Fintech tools to simplify and secure the digital payment experience for customers nationwide. Through a comprehensive digital transformation strategy, the company has introduced seamless, user-centric services via its website and mobile app – empowering customers to calculate installments, manage payments, and access tools that simplify their financing journey. Complementing these digital platforms, National Finance's network of strategically located self-service kiosks offers a hassle-free payment option. Internally, the company continues to harness fintech and automation to enhance operational efficiency and elevate the overall customer experience. Bringing his expertise and strategic perspective to the event, Mr. Rakesh Makkar, Deputy CEO of National Finance, played a prominent role in the proceedings. He contributed valuable insights as a panelist in the Banking & Finance Panel: Fintech, e-Transformation & Cybersecurity, speaking on the topic of 'Exploring Fintech's Role in Digital Transformation and Cybersecurity'. Additionally, he delivered a compelling address during the Fintech Evolution & Innovation session, where he discussed how fintech is reshaping financial services, and highlighted National Finance's commitment to embedding innovation across every facet of its operations. Commenting on the occasion, Mr. Rakesh Makkar stated, "It is a true honour to be recognized for our commitment to digital innovation and customer service excellence – two foundational pillars of National Finance's operational philosophy. Our ongoing efforts to enhance customer experience through secure, user-friendly, and accessible digital channels reflect our dedication to promoting financial inclusion across diverse customer segments. As the financial services landscape continues to evolve, National Finance remains steadfast in its mission to lead the way in delivering smarter, safer, and more efficient digital experiences." The receipt of this esteemed accolade marks a significant milestone in National Finance's digital transformation journey. It reflects the company's ongoing commitment to enhancing access to its comprehensive financing solutions while prioritizing convenience and ease for its customers. Through its active participation in such key industry forums, National Finance continues to reinforce its leadership position and contribute meaningfully to the dialogue shaping the future of the financial services sector.
Yahoo
16-07-2025
- Business
- Yahoo
Seaport Upgrades PayPal (PYPL) From Sell to Neutral
PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. PayPal Holdings, Inc. (NASDAQ:PYPL) received a vote of confidence from Seaport Research Partners on July 14, as the firm upgraded the digital payments giant to from Sell. While no price target accompanied the shift, the change in stance reflects a reassessment of PayPal's operational resilience and forward momentum. A consumer in a cafe paying for goods using a mobile payment app. Seaport analysts noted that concerns surrounding potential tariff-related disruptions to PayPal's business are easing. What were once seen as possible headwinds now appear to be having less impact than previously anticipated. This reassessment has prompted the firm to raise its financial estimates for the company. According to the note, PayPal Holdings, Inc. (NASDAQ:PYPL) is showing signs of strengthening in its core business metrics. The firm highlighted that the company's growth trajectory, which had slowed in recent quarters, now appears to be on a more favorable path. Improved consumer engagement and stabilizing transaction trends are among the factors contributing to the brighter outlook. The upgrade comes at a time when PayPal is actively working to regain investor confidence after a period of underperformance. While Seaport remains cautious by holding to a Neutral rating, the upward revision suggests growing optimism in the company's ability to navigate near-term challenges and reaccelerate growth. While we acknowledge the potential of PYPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
15-07-2025
- Business
- Finextra
Faysal Bank and Smart1-Tech team on digital payments in Pakistan
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has partnered with Smart1-Tech (Pvt.) Ltd., a fast-growing Fintech company focused on digital payments and acceptance solutions. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership aims to expand secure, cashless payment options for Micro, Small, and Medium Enterprises (MSMEs). This collaboration underscores FBL's commitment to financial inclusion through Fintech partnerships, especially for MSMEs where digital finance continues to play a vital role in Pakistan's economic growth. The signing ceremony held at Faysal Bank's Head Office, was attended by senior leaders from both organizations. Amin ur Rahman, Chief Digital Officer, Faysal Bank, stated; 'Our partnership with Smart1-Tech is another step towards expanding the payments ecosystem in Pakistan. At Faysal Bank, we believe in growth through collaboration and this partnership compliments our growth strategy in the digital ecosystem.' Mr. Ali Ahmed, CEO, Smart1-Tech, emphasized the importance of collaboration in transforming the financial landscape: 'We are privileged to formalise our partnership with Faysal Bank. This agreement is a significant step towards enhancing Pakistan's digital acceptance services, and we are confident that this collaboration will drive the much-needed progress by acting as growth enablers.' Another key area of focus through this partnership will be the proliferation of Raast P2M QR-based payment solutions for small retailers. supporting the shift towards a more connected and cashless economy.
Yahoo
19-06-2025
- Business
- Yahoo
BMO Recognized with 2025 Celent Model Bank Award for Payments Innovation
TORONTO and CHICAGO, June 19, 2025 /CNW/ - BMO today announced it has received the 2025 Celent Model Bank Award for Payments Innovation for five digital payments and client experience initiatives across Canada and the U.S. Digital Card Controls Suite – Canada: BMO Digital Card Controls Suite is a quick solution for clients facing pressing issues such as a lost wallet, damaged cards, or forgotten PINs. With this convenient solution, clients are empowered to manage their cards anywhere and at any time. Unified Push Provisioning – Canada: BMO's Unified Push Provisioning integration enables clients to access their debit or credit cards securely through multiple Google platforms including digital wallets, an automated fill on Google Chrome's web browser as well as save card payment information across stores powered by Google's checkout platform. In addition to improving client experiences, it enhances security through tokenization and enables enhanced fraud checks and seamless connectivity. Enhanced Transaction Details – Canada: The debit and credit enhanced transaction details initiative helps clients make real financial progress by ensuring they are equipped with valuable information to recognize their transactions and have a better understanding of their personal financial management. Available for both debit and credit purchases, clients can quickly convert transactions to installments, gain insights into their spending habits and access more information about a transaction. Direct Deposit Setup and Soft Credit Pull – U.S.: By embedding a direct deposit setup, clients can seamlessly connect their payroll system to their new BMO accounts, activate and fund their accounts and enjoy BMO's offerings instantly. The bank's soft pull inquiry process enables clients to receive real-time and accurate credit eligibility decisions, empowering clients to assess credit eligibility and explore credit options with confidence. FundsNow – U.S.: A check deposit solution, FundsNow grants users immediate and guaranteed access to their eligible mobile-deposited checks, eliminating the need for in-person branch visits. Clients can feel confident when accessing their funds conveniently and confidently on their own terms and in the channel of their choice. "This recognition exemplifies BMO's commitment to delivering great banking experiences across Canada and the United States," said Peter Poon, Head, Digital Self-Service, Innovation and Technology, BMO. "By continuously innovating across our digital payments ecosystem with leading partners like Google, we are helping clients make real financial progress on their terms and with confidence." BMO continues to pave the way as a digitally enabled, future-ready bank, focused on delivering leading digital experiences that help customers make real financial progress. These awards represent another step in BMO's Digital First journey and build on the bank's strong track record of industry recognitions. For more information about the awards please visit: For more information on BMO's tools and resources available to help customers set, track, and manage their personal finances please visit: About BMO Financial Group BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. SOURCE BMO Financial Group View original content:
Finextra
18-06-2025
- Business
- Finextra
Fabrick completes acquisition of finAPI
Fabrick, Italian company operating in the Open Finance industry, has completed the acquisition from SCHUFA Holding AG. of 75% of finAPI, one of the leading players in Open Banking in Germany. 0 The acquisition, authorized by regulatory authorities, expands the international perspective of Fabrick and enables the development of synergies for innovation in digital payments across Europe. The convergence between Fabrick and finAPI aims to improve customer experience in payments and access to financial data, making it increasingly secure, fast, and reliable. In this context, the combined portfolio of the two companies will offer enterprises clients a broader range of digital solutions. Specifically, finAPI's clients will benefit from Fabrick's extensive portfolio. Thanks to this operation, Fabrick is now entering high-potential markets such as Germany and Austria, in addition to Italy, Spain, and the United Kingdom. Fabrick not only strengthens its presence at European level but also confirms its DNA as an open ecosystem capable to grow through confrontation with different contexts and cultures and a mutual exchange of know-how and expertise. An asset that enriches the overall offer to the benefit of enterprise clients and their end customers, who can benefit from solutions that are increasingly effective, complete in line with the needs of a market in constant transformation. With its open finance platform, Fabrick orchestrates innovative solutions in the entire payment value chain. It operates as an enabler for banks, fintechs, and corporations, aiming to optimize the end-user experience by making it seamless and personalized. With the acquisition of finAPI, it not only gains expertise and experience, but also strengthens itself in a segment as strategic for the future as A2A payments, becoming one of the main European players by value of transactions. Founded in 2008 in Munich, finAPI is among Germany's pioneers in Open Banking, Data Intelligence, KYC, and Payments. The company serves more than 400 clients, including banks, insurance companies, fintechs, financial institutions, and software providers, operating not only in Germany and Austria, but also in numerous other European countries. In 2024, it reported net sales of €7 million, handling more than 5 billion API calls and a total volume of over €70 billion in account-to-account payments. Germany remains one of the most promising markets for Open Finance in Europe, thanks to strong economic, regulatory, and technological fundamentals. According to Grand View Research, the German Open Banking market was worth €1.7 billion in 2023 and could exceed €8.6 billion by 2030, with a CAGR of 26 percent. Embedded Finance is also growing strongly: estimated at $9.79 billion in 2024, it could reach $25.81 billion by 2029. Consumer adoption increased from 2% to 13% between 2022 and 2024, with 14% of consumers and 10% of SMEs already using embedded lending solutions. With the upcoming PSD3 directive, Europe is preparing to become the leading global market for Open Banking. In this context, the international presence of specialized players such as Fabrick fosters the evolution of Open Finance, promoting innovation, efficiency, and competitiveness. Paolo Zaccardi, CEO and co-founder of Fabrick, comments: 'The acquisition of finAPI represents a strategic step in our European journey. The integration of the two companies, which share a common vision and goals, allows us to enable new models of customer engagement and loyalty, through a fluid, omnichannel and tailored customer experience, in which payments become relationship opportunities. We proceed with a growth perspective based on the exchange of skills and targeted investments, with the aim of strengthening the solutions developed for customers and contributing to their evolution in an increasingly efficient, complete and innovative key.' Florian Haagen, CEO and Co-founder of finAPI, added: 'The merger with Fabrick marks a significant step for finAPI and our customers. Together, we can offer an even broader portfolio of digital Open Finance solutions - with greater flexibility, enhanced capabilities, and access to innovative payment services such as Fabrick's orchestration. For our clients, this means more possibilities and real added value. As part of Fabrick, we are ideally positioned to actively shape the future of Open Finance in Europe.'
