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The Monday Roundup: what we are watching this week | March 11th

By Puja Sharma

March 11, 2024

  • AmazonPay
  • B2B Payment Solutions
  • digital payment
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MondayThe Monday Roundup sets the scene for the week’s biggest news stories, industry deals, and upcoming events. For Prime subscribers only.

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Credit cardDailyPay, an on-demand pay solution, has joined forces with Visa+ to offer innovative new services to millions of DailyPay users nationwide.

Launched in late 2023, the mission of Visa+ is to create an interoperable future where paying across services is as seamless as using any one service, benefiting both consumers and payment app providers.

Now, all DailyPay users nationwide will have the opportunity to deposit their earned wages, prior to a scheduled payday, directly to Visa+ linked accounts where they can leverage other person-to-person digital payment apps. This empowers the on-demand pay solution users to pay bills, spend, invest, or move money to friends/family on their own schedule.

Money bagYuno, a global payments orchestration platform, has announced that it has secured $25 million from a consortium of prominent investors, including DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Founded by experienced tech entrepreneurs Juan Pablo Ortega and Julián Núñez, Yuno offers its clients fast and reliable payment orchestration, helping revolutionise retail, e-commerce, travel, mobility, and other industries.

Yuno serves customers like McDonald’s, Avianca, inDrive, Rappi, and others across 50 countries, offering innovative features such as one-click checkout modifications, smart routing, and the integration of information from all payment processors and anti-fraud tools into a unified interface.

All-in-one suite of payment solutions

Amazon Payment Services, a digital payments provider across the Middle East and North Africa (MENA), has announced a partnership with Red Sea Global (RSG).

Through this partnership, Amazon Payment Services and Red Sea Global are collaborating to enhance the online payment experience for international and local travelers in Saudi Arabia. The agreement will see the digital payments provider deliver its all-in-one suite of payment solutions tailored to Red Sea Global’s customer needs.

Peter George, Managing Director, Amazon Payment Services, said, “We are excited to support Red Sea Global, and their customers, through this new partnership that allows us to enhance the payment experience for luxury travelers through our innovative and tailor-made payment solutions. Our payment methods fully and seamlessly integrate with Red Sea Global’s infrastructure, making their offering even more accessible, reliable, and easy-to-use.”

Cloud with snowAspire, an all-in-one finance platform for modern businesses in Asia, has partnered with Google Cloud to empower startups and small and medium businesses (SMBs) to scale for success by providing them with Google Workspace tools and resources to streamline their processes and enhance productivity.

Customers will also be able to tap on the AI features already embedded within Google Workspace, such as AI-generated summaries within Docs and Chat and formula suggestions within Sheets.

Aspire will provide an exclusive Business Starter offer to new customers in Singapore and Indonesia, allowing them to harness the full potential of Google Workspace. By joining forces with Google Cloud, Aspire can offer its customers exclusive access to the world’s most popular productivity solution.

What is the buzz

CogJapanese FinTech leader Smartpay has collaborated with Chubb Insurance to expedite the digital transformation of the Japanese insurance sector. With projections indicating a potential surge to 80 trillion Yen ($500 billion) by 2027, the Japanese insurance market presents significant untapped opportunities. In response to the challenges posed by the COVID-19 pandemic, the Japanese insurance industry is gearing up for a wave of innovation to cater to evolving consumer needs in the digital era.

This innovation is expected to focus on enhancing user experiences through personalized purchasing journeys and strengthened digital security measures. Through their partnership, Smartpay and Chubb aim to introduce cutting-edge digital insurance solutions in Japan, initially focusing on embedded insurance. Leveraging Smartpay’s domestic success and Chubb’s expertise in the insurance sector, the collaboration seeks to pioneer advancements in the Japanese insurance landscape.

 

 

 

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