SME payment gateway Telr is merging its multi-currency, multi-lingual service with Innovate Payments in a bid to transform the payments gateway industry in the Middle East, Africa and South East Asia.
Telr is hoping to strengthen its offerings to the online and mobile payments industry through the three pillars of its payment gateway – unified logistics, payments APIs and cash management solutions. This merger will boost its credentials in MENA’s high growth markets, as Innovate Payments has been processing online transactions for UAE merchants since 2012. Innovate has witnessed robust growth in the number of merchants and volume of transactions processed over the last 12 months.
“Telr’s ambition to revolutionize the payments landscape across all emerging markets complements Innovate Payments’ strong presence in the UAE and advanced platform. The merger will boost our market growth and ambitious expansion plan to accelerate e-commerce adoption in emerging markets”, said Elias Ghanem, CEO and Co-Founder of Telr.
Telr will initially focus on supporting the trend of e-commerce growth that is already visible in the UAE and the GCC, and plans to expand across the MENA from its Dubai Hub as well as in Southeast Asia through its headquarters in Singapore.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.