Enter okoora, a game-changing financial platform designed to solve these challenges. With over 20,000 satisfied customers and a robust suite of products, okoora is the ultimate partner for SMEs navigating the complexities of international trade.

Introducing Okoora: The Ultimate Financial Platform

Okoora simplifies global business operations by providing a unified, cloud-based platform that integrates all the tools SMBs need to manage multi-currency payments, mitigate FX risks, and optimize cash flow. Whether your business is sending payments, receiving funds, or managing day-to-day financial operations, okoora delivers seamless solutions tailored to your needs.

Okoora’s Products: Designed for Global Success

1. Global Accounts

Easily manage funds in over 100 currencies with okoora’s Global Accounts. These accounts allow businesses to hold, send, and receive payments as if they were local transactions, eliminating unnecessary conversion fees and delays.

2. Send, Receive & Pay

Okoora makes international payments as simple and cost-efficient as domestic ones. With no intermediaries or correspondent banks, you save time and money while ensuring your transactions are processed swiftly and securely.

3. Manage FX Risks

Currency fluctuations can be unpredictable, but okoora’s FX Risk Management tools provide peace of mind. With real-time risk analysis and automated hedging strategies, businesses can protect their profit margins and ensure cost stability.

4. Cards

Streamline expense management with okoora’s Business Cards. Issue physical or virtual cards instantly, set spending limits, and track transactions in real-time for complete control over company spending.

Learn more on okoora’s smart business cards

Why Choose okoora?

1. Transparent Pricing

Unlike traditional financial service providers, okoora offers transparent, competitive pricing with no hidden fees. SMEs can trust they’re getting the best value without surprise costs eroding their bottom line.

2. Trusted by Over 20,000 Businesses

From startups to established SMBE, okoora has earned the trust of businesses worldwide. With a proven track record of delivering innovative financial solutions, okoora is a name businesses can rely on.

3. Efficient and Scalable

Okoora’s platform is designed for SMEs, offering tools that are both powerful and easy to use. As your business grows, the platform scales with you, providing the support needed to navigate new markets confidently.

4. Localized Solutions for Global Challenges

Okoora bridges the gap between international operations and local financial systems. By enabling local bank accounts and localized payment solutions, it removes barriers to global commerce.

Your Partner in Global Financial Management

With its new website at okoora.com, okoora provides SMBs with an even more intuitive and user-friendly experience. The platform is your one-stop solution for managing global transactions with ease, efficiency, and transparency.

Whether you’re looking to expand into new markets, reduce currency risks, or simplify your international payments, okoora has the tools and expertise to help you succeed.

Visit Okoora Today

Join the growing number of businesses transforming their global financial operations with Okoora. Visit https://okoora.com/to learn more about how our platform can support your business’s global ambitions.

Experience the difference with okoora—the smarter way to manage global business.

The post Navigating the Complexities of Global Business: The Smart Way Forward for SMBs appeared first on Fintech News.

The post dLocal announces expansion of offering to UK merchants with new Authorised Payment Institution License and partnership with International Chamber of Commerce UK appeared first on Fintech News.

Are you ready to take your business to the next level? Say hello to Centiwise, the ultimate payment gateway that’s shaking things up in Africa! We are not just another payment solution; we’re your new best friend in the world of transactions. Let’s dive into what makes Centiwise the game-changer you’ve been waiting for.

Why Centiwise?

Alternative Payment Methods (APMs): We know that one size doesn’t fit all, especially in a diverse continent like Africa. That’s why Centiwise offers a variety of APMs tailored to your customers’ needs. From mobile money to bank transfers. Your customers can pay the way they want, and you get paid faster. Win-win!

Disbursement/ Payout Solutions: Managing payouts can be a headache, but not with Centiwise. Our disbursement solutions are designed to make your life easier. Whether you’re paying suppliers, employees, or partners, our seamless system ensures that everyone gets their money on time, every time. No more stress, just smooth sailing.

What Makes Us Different?

1. User-Friendly Interface: Our platform is as easy to use as your favorite social media app. No complicated jargon, just straightforward, intuitive design.
2. Security First: We take security seriously. With top-notch encryption and fraud detection, your transactions are safe with us.
3. 24/7 Support: Our support team is always here to help, no matter the time zone.

Join the Centiwise Revolution!

Ready to transform your business? Join the thousands of businesses across Africa and the globe that are already reaping the benefits of Centiwise. It’s time to say goodbye to payment hassles and hello to a brighter, more efficient future.

So, what are you waiting for? Let’s make payments fun, flexible, and fabulous with Centiwise!

For more information, visit our website or contact our friendly Business team on bizdev@centiwise.com.

Centiwise – From Africa to the World!

The post Introducing Centiwise: Your Gateway to Simplified African Payments! appeared first on Fintech News.

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Global Reach, Local Touch

Since its inception, Breinrock has rapidly expanded its operational footprint, securing licenses in strategic markets including the European Union, United Kingdom, Canada, and the UAE. This extensive regulatory framework underpins the company’s ability to offer sophisticated payment solutions across 40 currencies, executing transactions within minutes while maintaining comprehensive human support.

“Our team members are highly qualified and trained to provide prompt, efficient, and confidential service,” explains Founder and CEO Zoran Radovanovic. “Through sophisticated payment products powered by the latest technology, we ensure accurate responses to client needs while maintaining the personal touch that complex financial transactions often require.”

Market Recognition

The company’s unique value proposition lies in its ability to provide local payment routes across major global markets—including the EU, UK, Canada, UAE. This strategic growth is supported by established physical offices in Toronto, London, Prague, Limassol, and Dubai, ensuring consistent service delivery across multiple time zones. The company has successfully built a robust international presence, demonstrating its commitment to providing comprehensive financial services in diverse markets.

By maintaining physical offices in these key locations, the organization leverages local expertise and infrastructure to deliver tailored payment solutions that meet the specific needs of each regional market. This approach allows for more efficient, localized financial services that go beyond traditional cross-border payment methods.

Technology-Driven, Human-Centered Approach

What sets Breinrock apart is its dual focus on technological advancement and personalized service. The platform leverages sophisticated data analytics for market trend analysis and fraud detection while maintaining a strong emphasis on human interaction through local support teams.

Over the years, Breinrock has proved a distinct ability to absorb market needs and mirror it into innovative, bespoke solutions that truly serve our clients’ evolving demands.” Radovanovic notes. “This paired with advanced technological capabilities allows us to make the impossible possible in cross-border payments.”

Compliance and Seamless Onboarding

At the forefront of Breinrock’s service excellence is a highly trained onboarding and compliance team that leverages advanced automated systems. This hybrid approach combines human expertise with technological efficiency to ensure thorough yet swift client onboarding while maintaining the highest standards of regulatory compliance. The team’s sophisticated screening tools and automated verification processes help protect clients from financial risks while streamlining their journey from initial contact to active account status.

Looking Ahead

As the financial services landscape continues to evolve, Breinrock stands ready to shape the future of global payments. By maintaining its focus on technological innovation while preserving the human element of banking, the company is well-positioned to meet the complex needs of modern businesses operating in an increasingly interconnected world.

For organizations seeking a banking partner that combines technological efficiency with personalized service, Breinrock offers a compelling solution. The company’s commitment to providing tailored, secure, and efficient financial services, supported by local expertise across major markets, makes it a standout choice for businesses navigating the complexities of global finance.

For more information about Breinrock’s payment solutions, contact their team at welcome@breinrock.com or register on their website.

The post Breinrock: A Human-Centered Approach to Global Payments appeared first on Fintech News.

In the history of finance, few tools are as fundamental as the all-mighty ledger.

This holds particularly true as it relates to the timeline and trajectory of cross-border payments innovations.

From the Age of Discovery and the emergence of bills of exchange, to the cross-border banking networks families like the Medici and the Fugger first established across Europe, the ledger has for centuries been central to the development of cross-border payments, evolving alongside technological advancements, economic shifts and the rise of global trade from simple handwritten records to sophisticated, distributed digital systems.

The earliest ledgers served two core purposes: they provided an indisputable record of transactions and ensured that merchants could reference their accounts if discrepancies arose. As trade routes expanded, the ledger became a universal language for cross-border commerce, allowing merchants from different nations to operate on the same foundational principles of accountability.

It was the digital revolution in the late 20th century that paved the way for significant advancements in ledger systems. As banking moved online, ledgers became entirely electronic, allowing for instant recording and reconciliation of cross-border transactions.

That’s where we stand today. And with the news Monday (Oct. 28) that Thunes has debuted a solution designed to help customers offer faster cross-border payments; truly unlocking fast, secure and seamless cross-border money movement is top of mind for businesses with an eye toward future global growth.

The Digital Ledger Era: FinTech and Real-Time Settlements

At the start of the 21st century, FinTech companies like PayPal, Wise and Revolut disrupted the traditional banking model by creating digital payment systems that bypassed traditional financial institutions. These companies leveraged digital ledgers to offer cost-effective, real-time cross-border payments, especially for smaller transactions like remittances, and by tapping into national payment networks and coordinating across various ledger systems, FinTech firms helped make cross-border payments more accessible and affordable.

But despite the ongoing advances in ledger technology, cross-border transactions, particularly for B2B firms, remain a complex area. Businesses operating globally face a fragmented payments ecosystem characterized by varying regulations, network infrastructures and levels of technological maturity across different markets.

These differences create friction, leading to lengthy settlement times and a lack of transparency in transaction costs and timelines. The intricate nature of cross-border payments also introduces various risks, especially when third parties are involved.

The basic principle behind cross-border payments — namely that the payee information is accurate — is a pain point, Nium Chief Payments Officer Alex Johnson told PYMNTS.

But as the demand for faster and more efficient cross-border payments continues to grow, future advancements in ledger technology will likely focus on achieving seamless interoperability between different systems.

“If you look at the cross-border payment space over the last five years, the payment volumes have grown,” Chandana Thanthrige of Bank of America told PYMNTS this month.

Blockchain and Distributed Ledger Technology

On advance in ledger technology, blockchain, has long been held as a potential solution to traditional cross-border woes. The PYMNTS Intelligence report “Can Blockchain Solve the Cross-Border Payments Puzzle?” explored how blockchain could revolutionize cross-border payments, assessed its current adoption and examined the future implications for financial institutions and businesses.

Blockchain technology emerged in 2009 with the introduction of bitcoin, bringing a decentralized, transparent ledger to cross-border payments. Blockchain fundamentally differs from traditional ledgers because it operates on a distributed network of computers, with each transaction recorded across all nodes in the system.

This decentralized model addresses the inefficiencies of traditional payment systems by using distributed ledger technology (DLT) to provide several advantages for cross-border payments: it offers high security, eliminates reliance on intermediaries, and allows for real-time reconciliation without centralized oversight.

This approach can reduce costs and speeds up settlement times, with transactions potentially completed in seconds rather than days.

Concurrent advances in artificial intelligence (AI) and machine learning are also set to play a key role in optimizing cross-border ledger systems. Automated AI-driven systems can analyze transaction data across ledgers, flagging discrepancies, detecting potential fraud, and identifying inefficiencies in cross-border transactions. These advancements could lead to more resilient and accessible financial systems, benefiting large enterprises and small businesses engaged in international trade.

As technology advances and international trade grows more complex, the ledger’s role will remain unabated. Whether through traditional banking systems, blockchain networks, or new digital currencies, ledger technologies will continue to underpin cross-border payments, enabling businesses, individuals and governments to transact seamlessly in an interconnected world.

Link: https://www.pymnts.com/news/cross-border-commerce/2024/why-cross-border-payments-innovation-starts-and-ends-with-ledger-technologies/

Source: https://www.pymnts.com

The post Why cross-border payments innovation starts and ends with ledger technologies appeared first on Fintech News.

FINOM’s primary focus was on seamless integration – customers don’t need to take any additional steps to comply with the new regulations. The platform automatically generates compliant e-invoices in both ZUGFeRD (PDF/A-3) and XRechnung (XML) formats as part of its standard invoicing service.

“With mandatory e-invoicing requirements starting in 2025, German businesses need a simple and reliable way to stay compliant,” said FINOM CEO Andrey Petrov. “Our e-invoicing solution integrates smoothly with our financial management tools, so there’s no need for extra software or complicated setups. It’s all about making compliance easy for our customers. As the first fintech in Germany to launch these fully compliant e-invoicing features, we’re helping our customers get ahead of the new rules before the deadline.”

Key features of FINOM’s e-invoicing include:

• Seamless integration with FINOM’s existing systems and automatic compliance with e-invoicing regulations for all generated invoices

• Support for both ZUGFeRD (PDF/A-3 with embedded XML) and XRechnung formats for B2B/B2C transactions

• XRechnung (XML) generation capability for B2G transactions

• Multiple sending & receiving options including email, messenger, or direct upload/download

• Built-in preview functionality for both formats without the need for specialized software

• Integrated payment and reconciliation features within the existing FINOM platform

FINOM’s e-invoicing solution is available immediately to all German customers as a free feature within the platform’s financial management suite.

About FINOM

FINOM is a digital financial services platform designed for the unique needs of entrepreneurs and SMEs across Europe, and an official Visa card partner. FINOM offers a comprehensive set of financial tools that enable business owners to quickly open an account and efficiently manage their finances. The platform simplifies online financial management, payments, invoicing, and expense tracking. Dedicated to supporting entrepreneurs’ growth and competitiveness, FINOM provides innovative financial solutions and holds an Electronic Money Institution (EMI) license operational across Europe. Headquartered in the Netherlands, the company has a strong presence with offices throughout Europe. To learn more about FINOM, visit https://finom.co

The post FINOM Launches E-Invoicing Solution for German SMEs Ahead of 2025 Mandate appeared first on Fintech News.

Cuestionados sobre cuáles son los otros métodos de pago que implementarían en los establecimientos, los españoles hacen hincapié en los pagos contactless (24,9%) y a los pagos a través de códigos QR (18,3%), mientras que la financiación a plazos (13,7%) o las transferencias bancarias (13,2%) ocupan los últimos puestos.

La digitalización de los pagos, clave para la satisfacción del cliente

La rapidez y seguridad de los pagos móviles están redefiniendo la operativa de los restaurantes, donde los clientes ya no necesitan llevar efectivo o tarjetas. Con solo unos toques en su smartphone, las transacciones se completan de forma rápida y eficiente, mejorando significativamente la experiencia del usuario. Especialmente en esta época de cenas navideñas y de empresa, donde la agilidad en el proceso de pago puede marcar la diferencia en la satisfacción de los comensales. Aquellos establecimientos que no incorporen estas soluciones tecnológicas corren el riesgo de cometer tres errores que podrían afectar gravemente su competitividad:

• Clientela insatisfecha: durante la época navideña, un proceso de pago lento o complicado puede frustrar a los comensales, quienes buscan transacciones ágiles y sin complicaciones. Las soluciones de pago de PaynoPain, como los datáfonos, permiten realizar pagos rápidos y seguros desde cualquier dispositivo. La opción de Tap to Pay convierte los smartphones en datáfonos, facilitando aún más las transacciones en el momento. Además, al incorporar métodos de pagos online, los restaurantes pueden ofrecer a los clientes la flexibilidad de abonar sus cuentas antes de llegar o mientras disfrutan de su experiencia gastronómica.

• Proceso de pago inseguro: la falta de implementación de medidas de seguridad adecuadas puede generar cierta desconfianza entre los usuarios y aumentar sus preocupaciones sobre el robo de datos financieros. La seguridad es el aspecto que más valoran los encuestados a la hora de seleccionar cómo van a pagar (67%), por delante de la comodidad (58%) y la agilidad (34%). Contar con proveedores de pago que implementan tecnologías avanzadas, como la autenticación EMV 3DS y la tokenización, es esencial para proteger la información financiera de los clientes y mitigar preocupaciones sobre el robo de datos.
• Falta de adaptación a las demandas del mercado: en el entorno actual, los consumidores buscan versatilidad en sus opciones de pago. Un restaurante que no ofrezca alternativas como los pagos contactless se arriesga a perder clientes frente a competidores que sí lo hacen. Según la encuesta de PaynoPain, el uso de efectivo ha disminuido notablemente, con solo un 10% de los encuestados optando por este método en su vida diaria. En contraste, el 52% de los consumidores prefiere pagar con tarjetas, y un 37,1% opta por wallets digitales. Esta tendencia refleja la creciente demanda de soluciones de pago modernas y rápidas, lo que subraya la importancia de que los restaurantes se adapten a las preferencias de los clientes para no quedar rezagados en un mercado cada vez más competitivo.

“Los resultados de nuestra encuesta demuestran que los consumidores demandan cada vez más opciones de pago móvil. Si los restaurantes no se adaptan a esta tendencia, corren el riesgo de perder competitividad y la lealtad de sus clientes. La integración de soluciones de pago seguras y eficientes ayuda a satisfacer las necesidades de una clientela que quiere disfrutar de la mejor experiencia gastronómica”, sostiene Jordi Nebot, CEO y cofundador de PaynoPain.

The post El pago con smartphone conquista el sector de la restauración: 66% de sus usuarios lo prefieren, según PaynoPain appeared first on Fintech News.

Leading payments provider Tyro has launched the first Australian-developed embedded
payments solution, enabling businesses to accept tap-to-pay payments via any device and point of-sale (POS) system.

Tyro’s embedded payments software development kit (SDK) allows software innovators to
integrate Tyro’s fast and secure tap-to-pay technology directly into iOS and android devices, apps and point-of-sale (POS) systems. Once embedded into a ‘tappable’ NFC POS system or device, Australian merchants can easily accept payments without a separate terminal.

Tyro CEO Jon Davey said, “Tyro’s mission is to make payments the easiest part of doing
business. With our embedded payments, merchants get a hassle-free, tap-to-pay system in any device. We’re thrilled to be launching this solution with our valued POS partners, offering Australian merchants another simple way to create seamless experiences for their customers.”
With Tyro’s embedded payments solution, merchants can take advantage of:

• Bring your own device: Start taking payments sooner with bring-your-own Android or iOS
hardware, without the need for an additional EFTPOS device;
• Smooth customer checkout: A seamless experience with POS and payments all in one
device;
• No monthly EFTPOS rental fees: Save on overhead costs with a transaction-only
payment model;
• Get paid same day, 7-days a week: Get your funds every day of the week into your fee
free Tyro Bank Account1.

Tyro’s Embedded Payments solution is now live for merchants using Liven, Metapos and Ivida POS systems. The Tyro Embedded Payments SDK is available now for software developers and POS partners, suitable to be developed to existing iOS or Android devices that support NFC technology.

The post Tyro’s embedded payments driving new future for POS payments in Australia appeared first on Fintech News.

However, many small business owners still rely on outdated payment systems and technology. If you’re ready to challenge the status quo and adopt the latest in tech, here are five payment trends to consider.

Biometric Payments

Biometric payments are a rapidly growing type of digital transaction worldwide. Originally utilized mainly by security agencies, these methods have advanced significantly and are now commonly used by Visa and MasterCard. These payment trends rely on physical characteristics for authentication to identify a person for accepting payments. Various biometric authentication methods include:

• Facial recognition
• Retina scanning
• Iris scanning
• Vein pattern analysis
• DNA matching

While typically part of a two-step authentication process, biometric payment methods offer numerous advantages. One of the biggest is convenience, allowing consumers to easily and effortlessly verify their identity. Get a credit card scanner that can read biometric data, and you’ll be ready to go.

ESG integration

Sustainability is rapidly emerging as a crucial social and regulatory focus within the financial and payments sector. Over 75% of the world’s top 250 companies have set targets to reduce carbon emissions.

Yet, sustainability extends beyond just meeting evolving regulations and satisfying stakeholder expectations. It is quickly becoming a vital growth sector and is increasingly perceived as a competitive edge for financial institutions.

Companies can harness comprehensive services to pinpoint key ESG opportunities, craft and execute organization-wide sustainability strategies, and create compelling ‘green’ product value propositions.

Real-Time Payments

Real-time payments (RTPs) are revolutionizing the payment industry by enabling secure transactions for merchants, consumers, and financial institutions. They offer enhanced payment visibility, improving cash flow and daily operations management.

The key advantage of RTPs is their ability to initiate and settle transactions instantly, providing businesses with valuable insights to meet customer demands more effectively. RTPs have the potential to be a significant breakthrough by combining payment and data in one transaction. Banks looking to join the RTP network can benefit greatly by partnering with a technology provider.

Buy Now, Pay Later

Bank loans are the traditional go-to for borrowing money. However, e-commerce has introduced a new option, buy now, pay later. This emerging payment trend allows customers to purchase pricey items immediately and withdraw payments over weeks or months without interest.

BNPL’s popularity is largely because younger consumers hesitate to use credit cards. With BNPL, they can acquire goods or services without falling into unmanageable credit card debt, offering a lower initial cost. It also allows those with low credit scores to make purchases easily.

Mobile Payments

Europe boasts numerous mobile payment solutions, but crossing national borders often reveals a lack of interoperability, an issue that needs addressing. Several European banks have formed the European Payments Initiative (EPI). Since its 2020 launch, EPI has been significantly revamped, yet its primary objective remains the same: to streamline Europe’s payment ecosystem.

To this end, EPI is developing a pan-European digital wallet based on SEPA Instant Credit Transfer transactions (SCT Inst). Recently, EPI announced the acquisition of iDEAL and Payconiq in the Benelux region, which will form the foundation for the envisioned payment ecosystem.

Endnote

Online businesses need time to adjust to emerging financial trends, but adapting to the right technology for security and convenience is crucial. If you want your business to lead in the payment sector, consider these trends for your strategic planning and initiatives.

The post 5 Payment Trends to Power Your Business appeared first on Fintech News.