Latest news with #financialsolutions
Yahoo
3 days ago
- Business
- Yahoo
Equitas SFB, Edelweiss Life Insurance form bancassurance partnership
India's Equitas Small Finance Bank (Equitas SFB) has entered into a new bancassurance partnership with local insurer Edelweiss Life Insurance. The collaboration will enable Equitas SFB's customers to access Edelweiss Life's range of life insurance solutions. Edelweiss Life Insurance chief distribution officer Anup Seth said: 'This partnership strengthens our presence in the southern markets, enabling us to reach more customers with solutions tailored to their dreams and aspirations. 'We are proud to collaborate with a like-minded institution that shares our deep commitment to customer centricity and advisory excellence – values that are at the heart of everything we do.' The partnership aligns with Equitas SFB's multi-product strategy focusing on providing integrated financial solutions. Through this agreement, Equitas SFB and Edelweiss Life Insurance aim to build a strong ecosystem for their customers. Equitas SFB senior president and country head Murali Vaidyanathan said: 'At Equitas, we are committed in building strong partnerships that complements the value we offer to our customers. 'Expanding our range of saving products, we are collaborating with third-party providers to offer insurance coverage to our customers through open market framework. 'Together with Edelweiss Life Insurance, we will provide services that encompass diverse plans ranging from protection, savings, endowment and ULIP [unit linked insurance plans]. We hope this tie-up will offer our customers access to a wide range of financial services that support the financial wellbeing.' "Equitas SFB, Edelweiss Life Insurance form bancassurance partnership" was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Germany's Prepaid & Wallet Market Grows 9.6% CAGR to 2029, Driven by Instant Payments & Security
Germany's prepaid card and digital wallet market is set to grow annually by 11.1%. Key drivers include digital payment adoption, youth financial solutions, and corporate incentives. To thrive, providers must innovate, ensuring secure, user-friendly solutions amidst rising competition. German Prepaid Card and Digital Wallet Market Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "Germany Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in Germany is poised for significant growth, with annual growth expected to hit 11.1%, reaching USD 41.53 billion by 2025. From a robust CAGR of 15.3% during 2020-2024, growth is anticipated to moderate slightly to a CAGR of 9.6%, culminating in a market size of approximately USD 59.97 billion by 2029. Key Trends and Drivers in the Germany Prepaid Cards SectorGermany's prepaid card market is evolving as digital payment adoption accelerates, youth-oriented financial solutions gain traction, and corporate use of prepaid incentives expands. The shift from cash-based transactions is expected to continue, driven by consumer preference for digital alternatives and technological advancements in the payment ecosystem. The rising demand for prepaid solutions tailored to younger users indicates a long-term shift toward financial education and digital money ahead, prepaid card providers must innovate by integrating enhanced security measures, offering personalized financial tools, and forming strategic partnerships. The corporate sector's increasing reliance on prepaid cards for incentives and rewards will further drive market expansion. As the landscape becomes more competitive, companies that adapt to regulatory requirements and evolving consumer expectations will be better positioned to capitalize on the growing opportunities in Germany's prepaid card Towards Digital Payment Solutions Germany's transition from cash-based transactions to digital payment solutions is accelerating, with prepaid cards playing an increasingly significant role. This shift is further reinforced by the rise in debit card transactions, demonstrating the broader acceptance of cashless payments across various sectors. Several factors drive this trend, including behavioral changes resulting from the COVID-19 pandemic, which heightened the demand for contactless and digital payment solutions. Consumers have embraced prepaid cards as a secure and convenient alternative, benefiting from their ease of use and integration with digital banking services. Additionally, advancements in payment technology have facilitated smoother transactions, making prepaid cards more accessible for individuals and businesses. As consumer trust in digital payment methods strengthens, prepaid card adoption will likely increase across retail, travel, and online commerce. Market players must enhance their offerings with improved security features and digital integrations to stay competitive in this evolving landscape. Emergence of Youth-Focused Prepaid Solutions The German prepaid card market is witnessing a rise in youth-focused financial solutions, with fintech firms targeting younger demographics. These solutions are often integrated with mobile apps, enabling families to manage pocket money and track spending in a structured manner. The increasing emphasis on financial education is a key driver behind this trend, with schools, parents, and policymakers recognizing the importance of early money management skills. Additionally, parents seek secure and controlled ways to provide allowances while monitoring their children's spending habits. Youth-focused prepaid cards allow for budgeting, transaction tracking, and financial responsibility, making them a preferred option for modern families. Over the next two to four years, the demand for youth-oriented prepaid card solutions will grow, increasing competition among fintech firms. More companies will likely enter the German market with tailored prepaid card offerings, incorporating gamification and parental controls to attract users. As financial literacy initiatives expand, prepaid cards for young consumers will continue to evolve, reinforcing their role in early-stage financial education. Corporate Adoption of Prepaid Cards for Incentives German corporations are increasingly turning to prepaid cards as a tool for employee rewards, customer incentives, and promotional activities. Companies such as Amazon and Edeka Zentral AG & Co KG have been at the forefront of offering prepaid card solutions, enabling businesses to provide flexible and personalized rewards. The ability to use prepaid cards across various merchants makes them an appealing option for companies looking to enhance their incentive programs. Prepaid cards are being increasingly adopted by corporations due to their versatility and ease of distribution. Unlike traditional reward programs, prepaid cards allow recipients to choose their preferred products or services, making them more attractive for employee bonuses and customer promotions. Additionally, businesses benefit from the streamlined distribution of prepaid cards, reducing administrative costs for handling traditional gift items or direct cash bonuses. Over the next two to four years, prepaid cards in corporate incentive programs are expected to expand further. Companies will likely invest more in digital prepaid card solutions, incorporating customizable reward structures and real-time fund allocation features. As organizations increasingly recognize the value of prepaid cards in enhancing employee engagement and customer loyalty, their adoption is set to become a standard practice across various industries in Germany. Competitive Landscape of the Germany Prepaid Card MarketGermany's prepaid card market is rapidly transforming, driven by digital payment adoption, regulatory developments, and growing competition. Established financial institutions and emerging fintech firms are expanding their prepaid card offerings to cater to a diverse consumer base. The market is set for sustained growth with continued investment in technology and strategic prepaid cards gain wider acceptance in various sectors, businesses must adapt to changing consumer preferences and regulatory requirements. Companies that innovate, enhance security, and provide user-friendly prepaid solutions will be best positioned to capitalize on opportunities in Germany's evolving financial Market Dynamics Germany's prepaid card market has expanded significantly, reflecting the shift from cash-based transactions to digital payments. As the payment landscape continues evolving, prepaid cards are widely adopted for various purposes, including e-commerce, travel, and corporate incentives. Technological advancements in digital banking, regulatory support for financial inclusion, and growing demand for flexible payment solutions support the ongoing expansion. With prepaid cards gaining traction among consumers and businesses, the sector is set for continued growth in the coming years. Key Players and Market Share The prepaid card market in Germany is dominated by major international players such as Inc., Apple Inc., and Best Buy Co., Inc., which offer various prepaid card solutions across retail and digital ecosystems. These established companies leverage their global reach and strong brand presence to maintain a competitive edge. Their prepaid offerings serve various consumer needs, from online shopping and digital subscriptions to corporate incentives. In addition to these well-known companies, several new entrants have entered the market, increasing competition and innovation in the prepaid sector. Fintech firms are introducing prepaid solutions tailored to specific demographics, including youth-focused financial education tools and corporate payment solutions. The influx of new players intensifies market competition, prompting existing providers to enhance their offerings and expand their service capabilities. Recent Launches and Partnerships Companies also leverage banking-as-a-service (BaaS) solutions to streamline regulatory compliance and technical operations. By partnering with established financial service providers, fintech firms can rapidly expand their prepaid card offerings without the complexities of traditional banking structures. These collaborations will drive further innovation in Germany's prepaid card ecosystem. Anticipated Market Evolution (Next 2-4 Years) As digital transformation accelerates, traditional financial institutions and fintech firms must innovate to stay relevant. Companies will likely focus on product differentiation by offering value-added features such as cashback programs, budgeting tools, and seamless integration with digital wallets. Furthermore, strategic partnerships between established banks and fintech companies will shape the future of the prepaid card sector. As regulatory frameworks evolve, businesses must ensure compliance while leveraging new technologies to enhance customer experience. With increasing adoption across retail, e-commerce, and corporate sectors, prepaid cards will be more prominent in Germany's digital payment landscape. Regulatory Changes Germany has introduced regulatory measures to strengthen financial security and encourage the adoption of digital payment methods. The government has implemented policies incentivizing electronic transactions, ensuring greater transparency and consumer protection in the prepaid card market. These efforts align with the European Union's broader push for standardized digital payment regulations. Additionally, regulatory authorities have tightened compliance requirements for prepaid card issuers to combat fraud and financial crime. Enhanced Know-Your-Customer (KYC) and anti-money laundering (AML) procedures have been mandated to ensure secure transactions. As these regulations continue to evolve, prepaid card providers must adapt their operational models to align with compliance standards while maintaining ease of use for consumers. This report provides a detailed data-centric analysis of the prepaid card and digital wallet industry in Germany, covering market opportunities and analysis across a range of prepaid card and digital wallet domains. Company Coverage: Amazon Apple Inc. Best Buy Co., Inc. Edeka Zentral AG & Co KG Croma Vijay Sales Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $41.53 Billion Forecasted Market Value (USD) by 2029 $59.97 Billion Compound Annual Growth Rate 9.6% Regions Covered Germany Report ScopeThis report offers an in-depth, data-driven examination of prepaid payment instruments, focusing on expenditures via prepaid cards and digital wallets within both retail and corporate consumer sectors. It also presents an overview of consumer behavior and retail spending patterns in Germany. The report includes a detailed breakdown of key market segments for each country. Comprising 111 tables and 136 charts, it delivers a comprehensive analysis of the prepaid card and digital wallet markets. With over 80+ country-level key performance indicators (KPIs), the report provides a thorough understanding of market dynamics in the prepaid card and digital wallet sectors. Germany Prepaid Payment Instrument Market Size and Forecast Germany Digital Wallet Market Size and Forecast Germany Digital Wallet Retail Spend Dynamics Germany Prepaid Card Industry Market Attractiveness Germany Open Loop Prepaid Card Future Growth Dynamics Germany Closed Loop Prepaid Card Future Growth Dynamics Germany Prepaid Card Consumer Usage Trends Germany Prepaid Card Retail Spend Dynamics Germany General Purpose Prepaid Card Market Size and Forecast Germany Gift Card Market Size and Forecast Gift Card Market Size and Forecast by Functional Attribute Gift Card Market Size and Forecast by Consumer Segments Gift Card Market Share Analysis by Retail Categories Germany Entertainment and Gaming Prepaid Card Market Size and Forecast Germany Teen and Campus Prepaid Card Market Size and Forecast Germany Business and Administrative Expense Prepaid Card Market Size and Forecast Germany Payroll Prepaid Card Market Size and Forecast Germany Meal Prepaid Card Market Size and Forecast Germany Travel Forex Prepaid Card Market Size and Forecast Germany Transit and Tolls Prepaid Card Market Size and Forecast Germany Social Security and Other Government Benefit Programs Prepaid Card Market Size and Forecast Germany Fuel Prepaid Cards Market Size and Forecast Germany Utilities, and Other Prepaid Cards Market Size and Forecast Germany Virtual Prepaid Card Industry Market Attractiveness For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment German Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Finextra
16-06-2025
- Business
- Finextra
PingPong launches InvestXB in Luxembourg
PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. 0 InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally. A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results. InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions. "InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape," said Pawel Stosik, General Manager at PingPong Europe SA. Rapid Operational Efficiency, With 24-Hour Account Opening For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day. Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards. Global Capabilities Backed By Local Expertise And Knowledge Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers. Investment managers, fund administrators and corporate service providers deserve better support and infrastructure. InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle. 'Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors," added Pawel Stosik.
Yahoo
16-06-2025
- Business
- Yahoo
PingPong launches InvestXB In Luxembourg, Bringing Next- Generation Infrastructure To Alternative Investments
LUXEMBOURG, June 16, 2025 /PRNewswire/ -- PingPong, a pioneer of cross-border embedded payment solutions with an established presence in Luxembourg since 2017, today launches InvestXB, a next-generation infrastructure solution for alternative investment managers, administrators and corporate solutions providers in Luxembourg. InvestXB delivers fast and compliant financial solutions designed for investment professionals launching and operating investment vehicles in Luxembourg, with the capability to support investors and assets globally. A Trusted And Robustly Regulated Partner, Designed For Global Investment Professionals In 2020, PingPong received approval from Luxembourg's financial regulator (CSSF) to upgrade from a Payment Institution (PI) licence to an Electronic Money Institution (EMI) licence. This EMI licence includes passporting rights, allowing PingPong to operate across all European Economic Area countries under CSSF supervision and regulation. Our ability to accelerate multi-currency account opening and onboard investment vehicles with global investors and assets, without compromising compliance, allows our team to navigate this complex landscape with tangible results. InvestXB can onboard investment vehicles with global investors and assets, including international Ultimate Beneficial Owners (UBOs), setting us apart from legacy providers. What's more, InvestXB is one of the few non-banks that enables global investment vehicles to open a multi-currency Luxembourg-based IBAN, which will accept incoming funds in 23 currencies, hold multiple currencies to match fund obligations and offer disbursements in over 200 countries and regions. "InvestXB's global capabilities truly set us apart in the Luxembourg market. We enable investment vehicles to seamlessly match their fund obligations with access to 23 currencies for receiving, exchanging and sending funds, while facilitating disbursements and managing FX across over 200 countries and regions. Our ability to onboard investment vehicles with global investors and assets, including international UBOs based anywhere in the world, gives investment professionals the flexibility they need in today's interconnected investment landscape," said Pawel Stosik, General Manager at PingPong Europe SA. Rapid Operational Efficiency, With 24-Hour Account Opening For fund managers, a key aspect of fundraising is speed. Yet traditional banks and legacy providers often take weeks, if not months, to approve and open accounts, causing critical delays for fund incorporation and operation. InvestXB offers a better solution, opening accounts within 24 hours, facilitating blocking certificates in minutes and providing the ability to deploy capital faster. What's more, InvestXB will allow global investment vehicles to open additional accounts on the same day. Where others see complexity, we see value, positioning InvestXB to lead innovation while adhering to the highest regulatory standards. Global Capabilities Backed By Local Expertise And Knowledge Speed matters at every touchpoint, from opening an account to day-to-day operations. Customer service is outdated and inefficient due to a lack of investment from legacy providers, meaning fund managers and administrators are waiting weeks for responses from account managers. Investment managers, fund administrators and corporate service providers deserve better support and infrastructure. InvestXB provides access to a dedicated team based in our central Luxembourg office. Our account managers are experts in Luxembourg fund compliance, regulation, structures, and management, ensuring seamless cross-jurisdictional support throughout the entire fund lifecycle. "Missing the window to collect capital can mean losing investors altogether. With InvestXB, investment professionals can open accounts in hours, not weeks, while accessing dedicated support from our Luxembourg-based team of experts in fund compliance, regulation, and structures. Having reliable local knowledge and support throughout the fund lifecycle is critical for fund managers. It's like having a concierge service for all your fund administration needs, a next-generation solution designed specifically for sophisticated investors," added Pawel Stosik. Explore how InvestXB can streamline your fund setup and operations here: About PingPong PingPong established a presence in Luxembourg in 2017 and, in 2020, received an EMI licence in Luxembourg with passporting rights across the EEA, all to solve the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. InvestXB by PingPong is a next-generation infrastructure solution for alternative investment managers, delivering fast, compliant, and scalable financial solutions designed for fund managers setting up and operating investment vehicles in Luxembourg. PingPong currently has 32 offices in 15 countries and 1,500 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones. Logo - - View original content to download multimedia: Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Forbes
03-06-2025
- Business
- Forbes
Agility Amid Market Shifts: Leading With Holistic Solutions In 2025
Mike Vietri is Chief Distribution Officer for AmeriLife, a national leader in distributing and marketing insurance and financial solutions. getty Change isn't slowing down. If anything, it's speeding up. And in 2025, we're dealing with more than just new rules or regulations. We're seeing big shifts in what consumers expect, how products perform and where market demand is headed. I've seen firsthand how staying ahead of those shifts can be the difference between barely keeping up and breaking through. When you give your teams the tools to respond early—whether that means adjusting to new product trends or helping clients rethink their financial goals—they start moving with confidence, not hesitation. Here are a few things we've done that might help you do the same. It's one thing to tell your team to adapt; it's another to teach them how. That's why we've emphasized education—not just generic training, but real-time, practical learning that helps people stay sharp when the market starts to move. Take annuities, for example. When the momentum started to shift from Fixed Indexed Annuities (FIAs) to Multi-Year Guaranteed Annuities (MYGAs), we saw it coming. Instead of sitting back and watching, we doubled down on helping our producers understand how to use laddered solutions to meet client needs in the new environment. That shift gave them a strategic edge, not just a reaction. The same goes for cross-selling. We didn't just encourage it; we taught our producers how to identify client needs outside the obvious. Helping clients starts with seeing their full financial picture, not just stacking products on a shelf. If you're trying to build a more responsive team, this is where I'd start. Help them read the market. Help them connect the dots for their clients. The more they understand the "why" behind a shift, the better they'll be at turning it into a win. There's no shortage of tools out there. But if your team isn't using them to spot trends, move faster or improve conversations with clients, you're not getting much return. We've invested in tech that makes life easier—platforms that help producers track what clients care about and tools that give them insight into where the market's headed next. What truly matters isn't the platform itself but how it helps your team pivot, adapt and serve with greater precision. In my view, technology should help you move with purpose. The goal isn't to chase trends or check a digital transformation box. It's to give you the speed and insight to make better decisions faster. When you can act before the competition sees the shift coming, you can gain real ground. There's no shortage of M&A activity in this industry. But the partnerships that work—the ones that drive value—are those that feel like extensions of your mission, not just your balance sheet. We've had the most success when we focus on strategic fit. Does this partnership give us better tools? Reach new clients? Help us serve more holistically? If the answer is yes, we move forward. If you're clear about your long-term goals, you won't get distracted by flashy opportunities that may not help you grow. In a cautious market, thoughtful expansion can still be the smartest play in the book. The last few years have made one thing very clear: You can't rely too heavily on any one channel, product or market. At AmeriLife, we've worked hard to build out both our health and wealth offerings, and it's made a difference. When one side slows, the other usually picks up. That balance helps us keep moving forward even when the market gets shaky. But it's not just about what you offer—it's how fast you can adapt. The teams that are trained to shift gears when needed—not panic, but actually adjust—are the ones that keep winning. If you're trying to build something resilient, I'd say this: Spread out your risk and make sure your team has the confidence and support to change course when the market demands it. When things are uncertain, the worst thing you can do is go quiet. People need clarity. They need direction. And, sometimes, they just need to know someone's paying attention. We've always tried to be upfront with our teams, clients and partners. When regulations start to shift or the market gets turbulent, we hold calls and meetings. We share what we know, what we don't and what we're doing about it. That kind of communication does more than reduce anxiety. It builds trust. It reminds people they're not navigating things alone and keeps everyone focused on what they can control. You don't need all the answers to be a good communicator. You just need to show up, be honest and keep showing up. Things are changing. They always are. But if I've learned anything, it's that the strongest teams aren't the ones waiting for certainty but rather those that act with purpose when things are still unclear. Whether you're focused on educating your team, investing in tech, expanding thoughtfully or communicating with more intention, take the steps now. Don't wait until the dust settles. If you do it right, you won't just make it through the next wave of change. You'll be better positioned, more trusted and more capable on the other side. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
