Fintech, Finance, Technology, Banking Highlights – 25 January 2018
Juvo Announces Collaboration with Samsung NEXT to Deliver Vision of Access for All
Juvo, the pioneer in mobile Identity Scoring, today announced a strategic investment from Samsung NEXT that will help provide access to the billions of prepaid users around the world who are currently unbanked or financially underserved.
Additionally, this investment will help Juvo enable global mobile operators to significantly accelerate migration to smartphones amongst prepaid mobile subscribers, offering access to digital financial services and delivering on digital transformation.
Mobile operators in competitive and developing markets across four continents use Juvo’s data science fueled prepaid engagement and growth solution to target subscribers with “fee free” airtime advance purchases, loyalty building incentives and rewards, and access to basic and progressively advanced financial services. At the same time subscriber engagement increases, Juvo’s sophisticated data science technology identifies and qualifies users for smartphone migration and handset financing – a first for most prepaid subscribers. Real time Identity Scoring allows retail agents to convert users in-store, through a seamless point-of-sale (POS) integration. As users migrate to smartphones over traditional feature phones, mobile operators deepen subscriber relationships and unlock value via digital services, typically seeing an increase in data consumption by an average of 30 percent per subscriber.
“At Samsung NEXT, we’re focused on working with entrepreneurs and startups that are creating truly impactful software and services–software and services that will transform the way we, as humans, interact with our devices, each other and the world,” said Patrick Chang, Principal, Samsung NEXT Ventures. “Juvo’s impressive traction from mobile operators and consumers offers an opportunity for us to tap into the next billion customers through more comprehensive financial inclusion and accessibility.”
Peer-to-peer function now available for all boon users
Wirecard, one of the leading specialists for digital financial technology, has today announced a renewed expansion of its mobile payment app boon – Europe’s fastest-growing mobile payment solution. From today during the day, all Android and iOS boon users will have access to the peer-to-peer (P2P) function.
After boon had previously already been expanded to offer microloans in real-time and the use of a virtual credit card for online shopping, Wirecard has now resolved to further expand the features portfolio of the solution by adding a P2P functionality, so that all users can send as well money in real-time – quick, simple and secure.
Current trends reveal that direct money transfers, alongside POS payments, are becoming ever more popular between family, friends and acquaintances. According to Statista forecasts, a transaction volume of around EUR 60 million is expected across Europe by 2022 – this equates to annual growth of 20.1%. The number of users is also rising steadily and should reach 75.4 million by 2022.
Small World Financial Services Expands Global Payment Processing Footprint with Ingenico Group
Ingenico Group, the global leader in seamless payment, today announced that Small World Financial Services, the largest independent money transfer company in Europe, has selected Ingenico as its trusted payment processing partner to help expand its global footprint.
By leveraging Ingenico’s comprehensive suite of online and mobile payment processing technology, Small World is well-positioned to further grow its operations and offer its services to consumers in previously untapped markets. In addition, Ingenico’s ominchannel solutions, such as biometric terminals and unattended Kiosk solutions, will provide an even more convenient and seamless payments experience for Small World’s customers.
Small World offers consumers a number of fast and inexpensive methods to send and receive money around the world. The company enables people to send money to family, friends and other beneficiaries around the world within minutes via a delivery method of preference: cash pick-up, bank deposit, home delivery, mobile top-up and mobile wallet. Through its partnership with Ingenico, Small World can now provide consumers peace of mind that each transaction is secure thanks to an integrated fraud protection tool.
