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Alipay+ continues to develop and grow it's payment solutions, and recently announced some new options for it's digital wallets. This work has focussed on the WorldFirst and Antom, fintech offerings. Strategically they have identified 11 million possible users and also SMEs in Asian market who could benefit from these improved services. Initially Southeast Asia and South Asia have been targeted for the first wave of potential users for these fintech products. Ant International aims to continue to grow by leveraging AI aided business solutions in these areas, as well as across the three prime businesses in their portfolio. Ant International expands WorldFirst and Antom Payment Ecosystems With a series of organisational and strategic upgrades in 2024, Ant International, a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+, Antom, WorldFirst and Embedded Finance. Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom, the two business fintech services. The new Embedded Finance segment deepens Ant International's ecosystem by offering a rich array of FX, treasury management, inclusive lending and other AI-powered fintech solutions to clients and partners across the other three main businesses. "2024 has been a transformative year for Ant International," said Peng Yang, Chief Executive Officer of Ant International. "We are committed to advance inclusive growth through AI-powered innovation and collaboration on cross-border travel, trade, commerce and inclusive finance." Based in Singapore, Ant International provides partners across industries and markets a comprehensive range of digital payment and financial technology solutions. It is committed to driving inclusive growth through open collaboration and continuous innovation. Among Ant International's notable progresses in 2024 so far: Alipay+: Ant International's cross-border mobile payment and digitalisation technology solutions. Alipay+ leads the industry in collaboration with 35 leading mobile payment partners, including e-wallets, banking apps and BNPL apps, etc., connecting over 90 million merchants in 66 markets to 1.6 billion user accounts. It has also formed strategic partnerships with national standardised QR schemes, such as Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, Cambodia's KHQR, Nepal's NepalPay QR and Sri Lanka's LankaPay. Among the global merchants accepting QR code payments via Alipay+, over 90% are SMEs, reflecting Ant International's focus on inclusive digital transformation. Cross-border transactions of global payment partners together (excluding Alipay) via Alipay+ registered three times year-on-year increase in 2024, where Alipay maintains the leadership. Alipay+ builds a broader digital payment and digitalisation ecosystem for other pillar businesses of Ant International. Antom: a leading merchant payment and digitisation services provider, offering one-stop, vertical-specific digital payment solutions to merchants of all sizes. Total payment volume (TPV) of Antom's direct acquiring services nearly doubled between January and November 2024 over same period of 2023. Antom continues to strengthen its payment processing capabilities across all payment channels. Antom's card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants. Antom continues to launch tech-driven innovative solutions to provide more secure and efficient services at lower cost to its customers. Antom Copilot helped enhance operational efficiency for merchants by reducing the payment channel integration time from 5 to 10 days to only a few minutes. Antom EasySafePay streamlined digital wallet payments procedures, eliminating the need to redirect from merchant checkout page to the user's wallet app, and offers full acco...
Paywatch is a financial services company that provides earned wage access (EWA) services to help employees get banked, receive credit, and improve their access to financial products.Richard Kim, Co-Founder and CEO of Paywatch, founded the business in 2019 with his brother Alex. Together, they have built Paywatch as the only bank-backed and regulator-approved Earned Wage Access solution in Asia. Today, they have expanded their business not only in Malaysia and South Korea but also in other Asia Pacific countries like the Philippines and Indonesia, with their eyes set on Thailand and Vietnam ahead.As of June, Paywatch had processed over $58 million in salaries through its system and was growing month-over-month by as much as 15%. Their user base is spread across South Korea, Malaysia, the Philippines, and Indonesia, with notable clients including KFC, Pizza Hut (part of QSR Brands), Wilmar International, PayNet, and Jaya Grocer, among others.Last month, Paywatch raised US$30 million (approximately RM141 million) in funding from a mix of equity and credit facilities to continue its growth and expansion plans.In this conversation, Richard will give us a sense of why he started Paywatch, the problem he aims to address, the business opportunities present, the challenges in turning it into reality, and their growth path ahead.
Send us a Text Message.Hello all!The content for this episode has been pulled from The Conference: The International Conference of Funeral Service Examining Boards: National Board Exam Study Guide Volume 12.3's glossary for their Arts section. *Accounting, pgs. 43-48*ALL credit is given to The Conference and all references cited in their guide, including the American Board of Funeral Service Education. A full list of cited references is located at the back of this book.This podcast is meant for educational purposes ONLY.Definitions that repeat:Allowance for doubtful accounts: a contra- asset account utilized to accumulate totals against accounts receivable Deposit ticket: a bank form that lists those cash items (currency/coin) and individual checks to be depositedDouble entry bookkeeping: the process of recording equal debits and credits for a single business transactionGross pay: income before any deductions have been madeGross profit: net sales minus the cost of goods soldLong-term analysis: properties of a relatively permanent nature used in the operation of a business and not intended for resaleLong-term liabilities: liabilities that are not due and payable within one yearMerchandise: goods purchased for resale at a profitNet pay: gross pay less payroll deductions: employee's take home payNet profit: difference between gross profit and expenses when expenses are largerNet worth: amount by which the total assets exceed the total liabilities of a business: owner's financial interest in a businessOverhead: expenses incurred in the normal operation of a businessOwner's equity: amount by which the total assets exceed the total liabilities of a business: owner's financial interest in a businessOwner's withdrawals: separate owner's equity account in which withdrawals of cash/other assets by the owner for personal use are recordedProprietorship: amount by which the total assets exceed the total liabilities of a business: owner's financial interest in a businessQuick ratio: quick assets divided by current liabilitiesRecording: committing of a business transaction and the events surrounding such into writingStatement of financial position: size statements/percentage method- express the major items in the balance sheet as a percent of the total assets and compare with previous fiscal periodsStatement of operations: size statements/percentage method- express the major items in the income statement as a percent of net sales and compare with previous fiscal periodsStatement of owner's equity: formal financial statement which summarizes all of the changes in owner's equity during a specified period of timeTake home pay: gross pay less payroll deductions: employee's take home payTime: period of time from the date of the note to the maturity dateUndepreciated cost: cost of a fixed asset less its accumulated depreciationSupport the Show.
İş yerlerine online tahsilat çözümleri sunan Paynet'in tamamını geçtiğimiz haftalarda satın alan iyzico'nun CEO'su Orkun Saitoğlu ile birlikteyiz. Paynet satın alımının detaylarını, iyzico'nun gelecek hedeflerini ve çok daha fazlasını sevgili Orkun Saitoğlu ile birlikte masaya yatırdık. Orkun Saitoğlu: https://www.linkedin.com/in/orkuns/ iyzico: https://www.linkedin.com/company/iyzi-payments/ 00:00:00 - Swipeline Intro 00:00:30 - Paynet'i neden satın aldınız? 00:03:03 - Şirket kültürü oluşturmak 00:04:45 - PayU anlaşması 00:09:05 - Paynet ürünleri 00:12:09 - Pazar payı 00:13:06 - Globale açılmayı düşünüyor musunuz? 00:16:20 - Yeni hedefleriniz neler? 00:22:50 - Swipeline Outro - *GÜNLÜK E-POSTA BÜLTENİMİZ*
The Ant International CEO, Yang Peng shared his thoughts on how digital technology and AI innovations can help tourism and trade internationally. Yang Peng, Ant International CEO recently shared these insights at 2024 the Japanese Fintech Festival. Yang Peng explains why cross-border mobile payments aids Japanese tourism Digital payments continue to grow, and Ant International aims to be at the forefront of delivering this service and making it as easy as possible for people to use this service in as many different locations as possible. The cross-border mobile payment and marketing solution of Ant International, now helps users of a total of 16 overseas e-wallets and bank apps to enjoy seamless payment at over 1.5 million local merchants across Japan. Number of transactions and total processing volume has grown significantly, especially from users of Kaokao Pay (South Korea), AlipayHK (Hong Kong SAR, China), GCash (the Philippines), and Touch 'n Go eWallet (Malaysia). "Japan is the birthplace of the QR code and the mobile revolution," said Yang. "With mobile payment, international travelers are going farther and wider for more unique and immerse experience, spending money at smaller shops, many of whom simply do businesses with a QR code. The transaction volume is growing very fast." This service was first introduced in 2020. Now Alipay+ Cross-Border Mobile Payment Service connects over 88 million merchants in 57 countries and regions to 1.5 billion consumer accounts on over 25 e-wallets and banking apps, allowing consumers to travel and pay worry-free globally, and merchants to build out cross-border consumer engagement and digital marketing. The service builds on Alipay+'s extensive regional partnerships, including those with national QR schemes including Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, and Sri Lanka's LankaPay. Offering secure payment options in real time using AI for international trade With the rise of open-banking and other innovation initiatives, AI will increasingly become center of industry collaboration and product development. Ant International has been working closely with partners to apply AI technology into various areas, such as developing AI-driven FX services, customizing marketing solutions for global brands and enhancing risk management and fighting fraud in cross-border payments and FX operations. Building the talent pool for future digital economy in Asia Asia is a huge market for everyone, with huge population and economic potentials as well as the largest base for SMEs that are hunger for digital transformation, Yang noted. Beyond payment, Alipay+ works with partners to bring an expanding digital toolkit to SMEs. Over 5,000 micro businesses in Southeast Asia have adopted Alipay+ D-store, an all-in-one and cost-efficient ordering solution that aims to revolutionize the checkout experience and enable merchants to leap into digitalization and drive revenue growth. "The key to building a vibrant, sustainable future digital economy is a vibrant talent pool," said Yang. "Ant International has extensive partnerships with regional public and private sectors on training next-gen innovators with technology strength and cross-sector insights. We look forward to working with local partners in Japan to facilitate growth of young talents in the financial and digitalization sectors," Yang added. Ant International CEO Yang Peng shared the company's learnings and insights into the role of digital payment and AI innovation into driving international tourism and trade at the 2024 Japan Fintech Festival on Tuesday. About Ant International Headquartered in Singapore, Ant International powers the future of global commerce with digital innovation for everyone and every business to thrive. In close collaboration with partners, we support merchants of all sizes worldwide to realize their growth aspirations through a comprehensive range of tech-driven digital payment and financial services solution...
Lead photo details, Jennifer Carroll MacNeill, Ireland's Minister of State at the Department of Finance (six from left), Douglas L. Feagin, Senior Vice President of Ant Group and Head of Alipay+ (fifth from left), and Leiming Chen, Chief Sustainability Officer of Ant International (fourth from left) at Ant Group booth, Singapore Fintech Festival, November 15. Accelerating growth and expanding partnerships across cross-border mobile payment, global merchant payment, cross-border SME digital payment and financial services, and digital banking services Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, today unveils its strategy in digital payment and digital commerce for global merchants at its flagship Voyage Conference, from its headquarters in Singapore. Ant International to scale up Payment and Digitalisation Technologies "Despite the uncertainties in the global economy, trends like evolving financial infrastructure, accelerating digitalization and swift advances on the tech frontier present unprecedented opportunities for merchants all around the world seeking to achieve new growth, especially for small businesses who aspire to overcome the digital divide," said Yang Peng, President of Ant International. "Travel, trade, technology and talent are the cornerstones of global inclusion and prosperity," said Yang. "We will accelerate innovations in digital payment and digital commerce to link up these areas of global collaboration." Digital Payment and Digital Commerce Solutions across 4 Pillars To realize the 4T vision and provide support to merchants, particularly in helping SMEs achieve their growth goals, Ant International has established a robust global compliance and service structure over the years. Additionally, it boasts an extensive coverage worldwide, especially in Asia, deep expertise in digitalization, and a continuously expanding repertoire of cutting-edge technologies. The Company now focuses on 4 areas of innovations: 1.Alipay+ Cross-Border Mobile Payment Service connects over 88 million merchants to 1.5 billion consumer accounts on over 25 e-wallets and banking apps in 57 countries and regions, allowing consumers to travel and pay worry-free across borders, and merchants to build out cross-border consumer engagement and digital marketing. The service builds on Alipay+'s extensive regional partnerships, including those with national QR schemes such as Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, and Sri Lanka's LankaPay. "Alipay+ focuses on bridging various payment methods and promoting mobile interoperability across Asia and beyond. Its aim is to enable people to travel and live worry-free, while offering businesses, both large and small, new digital avenues for growth," said Douglas L. Feagin, Senior Vice President of Ant Group and Head of Alipay+. 2.Antom Merchant Payment Services help global merchants to engage digitally with consumers in Asia and beyond. "With our AI-driven payment and digital marketing engine, we offer our merchants the broadest consumer reach in Asia and globally, and help them collect payments and grow revenue." according to Gary Liu, Head of Merchant Payment Services at Ant International. 3.WorldFirst digital payment and financial services for cross-border trade SMEs has served over 1 million SMEs to grow internationally with its World Account, by connecting small traders to over 120 global marketplaces and conduct secure and fast payment transactions in over 40 currencies. "Today's cross-border trade is led by young entrepreneurs who are digital natives with global ambitions," said Clara Shi, CEO of WorldFirst. "With World Account, we aim to help them acquire next-gen CFO capabilities to sell, manage and grow across marketplaces and regions." Building on its success in China and Singapore, Shi said, WorldFirst plans to expand its SME e-commerce digital finance solutions across...
Yesterday, India-based fintech unicorn Razorpay deepened its presence in the Malaysian market by becoming the first new member of PayNet since 2019, through its Malaysian-based unit Curlec by Razorpay, which it acquired back in early 2022.This Paynet membership now allows Curlec to adopt the DuitNow product suite, allowing their customers to make and receive real-time payments from bank accounts and e-wallets. This marks Curlec's continued evolution from recurring payments provider to full stack payment gateway.Backed by Tiger Global, Sequoia Capital India, Singapore's GIC, Y Combinator, and other notable investors, Razorpay was valued at around $7.5 billion in its last funding round in December 2021 where it raised $375 Million in their Series-F round. To date, the company has raised a total of $741.5 million and has acquired 8 companies as part of its growth strategy.To explore Razorpay's origins, plans ahead, plans for Southeast Asia, and IPO timeline, we speak with Rahul Kothari, Chief Business Officer of Razorpay
Laporan berita padat dan ringkas #AWANI745 bersama Luqman Hariz; Tumpuan #AWANI745 malam ini:
Laporan berita padat dan ringkas #AWANI745 bersama Luqman Hariz; Tumpuan #AWANI745 malam ini:
#44 Călin Greadcenko, Paynet: Primul portmoney virtual, transferuri SEPA, operațiuni crypto, AI, Apple și Google Pay în Moldova
Mail bültenimize abone olmak için tıklayın. 5 Dakikada Teknoloji Gündemi Tarih: 2 Eylül2021 Yerli oyun girişimi Arvis Games, Re-Pie'dan 4.2 milyon TL yatırım aldı. LinkedIn, hikayeler özelliğini sonlandıracağını duyurdu. Yemeksepeti'nden evden çalışmayı sürdüren şirketler için bulut yemekhane çözümü! Paynet ve Mastercard, Anında Dijital Kredi hizmetini duyurdu. Parasız alışveriş platformu Barty, 2 milyon dolar değerleme üzerinden yatırım aldı. Siz ve arkadaşlarınız için ortak çalma listesi hazırlayan Spotify “Blend” tüm kullanıcılara açılıyor. Bize ulaşmak için bu linke tıklayabilirsin.
With the rise of eWallet payments in Malaysia, customers are constantly greeted by a whole host of different QR codes when they want to make payments. DuitNow QR is supposed to solve that, and act as a "universal" QR code of sorts. But how does it work? What is it exactly? And who is PayNet? On this special episode of Let's Talk About, Amin and Alex talk to PayNet director of retail payment services, Khairuan Abdul Rahman to learn more.
In this episode of the Market Pulse podcast, we discuss the latest round of PPP and small business credit and industry trends with Equifax senior data analyst, Sarah Briscoe. This transcription is edited for brevity. Listen to the full podcast for more great insights.Theresa Freas: Top of everyone's mind is the second round of stimulus just came through. When we're talking about small business support, I believe it was $284 billion that was earmarked for PPP. How do you foresee that impacting the industry? And what did we learn from the first round that we should consider as we look to the impact after the second stimulus?Sarah Briscoe: In the last round of stimulus, we saw a decrease in lighter delinquency [defined as accounts between 31-90 days delinquent], and we didn't really see a decrease in severe delinquency [accounts over 90 days past due] or in default -- sort of precursors to business closure. So I'm cautiously optimistic about the next level of stimulus, that perhaps it could save some businesses who may be on the cusp of becoming delinquent. But the amounts of aid that we're seeing, we didn't really see a decrease in business closures. So it's a cautious optimism, but I'm not sure how far it's going to go in terms of businesses who are severely struggling right now, if it will save those businesses at this time.Theresa Freas: What trends are you seeing in severe delinquencies or the more mild delinquencies?Sarah Briscoe: Right now, the 31 to 90 days past due rates are slightly up year over year. But they've flattened quite a bit since some of the sharp increases that we saw in the beginning of the pandemic, and then a sharp decrease of reopenings, accommodations extended and all of that. So the 30 looks closer to historical levels, although it's still a little bit elevated. Whereas with severe delinquency, think about something that's 91 plus days past due has sharply increased and has remained at a very elevated level. Theresa Freas: Do you see geographic patterns, whether in delinquency or lending trends?Sarah Briscoe: At this time, the southwest has really started to stand out as a place that has seen a lot of high stress. Some of the highest stress in the country. Actually in December, Arizona showed the highest 91 to 180 day delinquency rate in the whole country, and it was over double what we saw a year ago for that state. New Mexico is the fourth highest. Nevada and California are both in the top 10. And a lot of this is driven by the huge impact of retail in these spaces. So it's a lot about what type of economy the state has and how it has been affected by drops in tourism, drops in business travel and conferences drying up. ******We want to hear from you! What did you think of this episode? What would you like to hear our experts share in the future? Email us: marketpulsepodcast@equifax.com. RESOURCES mentioned in this podcast:The Small Business Delinquency Index (SBDI) This index measures the percentage of loans that are 31-90, 91-180 and 31-180 days delinquent based on the largest commercial and industrial lenders in PayNet's U.S. database, including both loans and leases. Register for upcoming Market Pulse webinars from Equifax, plus access previous webinars and presentations. Register for an upcoming Small Business Insights webinar. Download our latest consumer Credit Trends reports.
Welcome to the Tearsheet Podcast. I’m Zack Miller. Earlier in 2019, Equifax acquired Paynet, a company that provides commercial credit risk underwriting to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. Bill Phelan is the co-founder of PayNet and is now the svp and general manager of Equifax Commercial Solutions. The combined entity now covers about 30 million US private businesses and about $4 trillion worth of capital. Bill joins us on the podcast to talk about the intended synergies of bringing together Equifax’s data with PayNet’s. We then discuss what’s driving the growth in non bank lenders targeting SMBs and how small banks are investing in tech to take share back. We also cover some of the nuances of digital lending, like how it’s more inclusive for minorities, women and rural borrowers. Bill Phelan is my guest today on the Tearsheet Podcast. I’d like to thank our sponsor MX for supporting Tearsheet’s work. MX is the leading data platform for banks, credit unions and fintechs, enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data.
Craig Gordon, Bloomberg News Washington Bureau Chief, discusses President Trump saying that Iran allegedly attacked an oil tanker in the Persian Gulf, that “it doesn’t matter” if Chinese President Xi Jinping agrees to meet with him later this month, and slamming Fed Chairman Jay Powell. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Investment Banking Reporter Sonali Basak talk about why banks that underwrite and advise on IPOs fear companies like Slack opting for a direct listing. Scott Kupor, Managing Partner at Andreessen Horowitz, discusses his book "Secrets of Sand Hill Road" about demystifying the world of venture capital deals. Bill Phelan CEO at PayNet, breaks down the impact of trade tariffs on U.S. small businesses Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan
Craig Gordon, Bloomberg News Washington Bureau Chief, discusses President Trump saying that Iran allegedly attacked an oil tanker in the Persian Gulf, that “it doesn't matter” if Chinese President Xi Jinping agrees to meet with him later this month, and slamming Fed Chairman Jay Powell. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Investment Banking Reporter Sonali Basak talk about why banks that underwrite and advise on IPOs fear companies like Slack opting for a direct listing. Scott Kupor, Managing Partner at Andreessen Horowitz, discusses his book "Secrets of Sand Hill Road" about demystifying the world of venture capital deals. Bill Phelan CEO at PayNet, breaks down the impact of trade tariffs on U.S. small businesses Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Here’s a Headstart on three business headlines busy professionals need to know for Thursday, April 25th, 2019. Learn more at dailyheadstart.com See acast.com/privacy for privacy and opt-out information.
Expanding the Credit Box: Improving Small Business Financial Health Eden Amirav, Lending Express Luke Voiles, QuickBooks Capital Ryan Rossett, Credibly Marc Glazer, BFS Capital Moderator: Bill Phelan, PayNet
Bill Phelan, President and CEO of PayNet, discusses how technology can help to streamline banks.
As a professional with 29 years’ experience in M&A corporate development, financial operations, and management, Paul Tennola, CFO of Paynet, is an expert when it comes to M&A. In addition to his experience with Paynet, Paul has worked with TransUnion, Wolters Kluwer, and SunGard. He has looked at over 1000 companies, successfully leading and closing more than 50 transactions. He believes M&A is a great way to augment growth. 0:00-1:10 Paul’s experience with Paynet, TransUnion, Wolters Kluwer, and SunGard 1:10-7:00 Bolt-on transactions versus platform transactions 7:00-10:30 Synergies: Financial/revenue and operational 10:30-14:05 Cultural fit and workarounds 14:05-18:00 Negotiation and strategies 18:00-21:40 Top factors during diligence 21:40-28:10 Deals that fall apart and surprises during diligence 28:10-33:14 Post-closing surprises and PMI 33:14-37:33 International transactions 37:33-40:05 Biggest lessons learned M&A Science by Kison Patel (kison@dealroom.net) DealRoom: Data Science and AI for M&A (www.dealroom.net)