Partnerships Play a
Key Role in #Fintech’s Future (NASDAQ: $APCX) (NASDAQ: $FISV) (NASDAQ: $ACIW)
(NASDAQ: $MGI) @AppTechCorp @Fiserv @ACI_Worldwide @MoneyGram
Vancouver,
Kelowna, Delta, BC – May 16, 2023 - Investorideas.com, a
leading investor news resource covering Fintech stocks, releases a special
report on the strategic importance of partnerships in Fintech and the mobile payments
market featuring AppTech Payments Corp. (NASDAQ:
APCX). AppTech
is developing an all-in-one platform digital payments and banking, CommerseTM, that will revolutionize the Fintech industry.
Read this article
featuring APCX in full at https://www.investorideas.com/news/2023/technology/05161Partnerships-in-Fintech.asp
The
Paypers analyzed the
visible decrease in M&A activity as 2022 drew to a close after a prolific
three quarters. In this context, partnerships in Fintech and digital banking
proved the rising trends in the ecosystem; moreover, they are globally verged
towards consolidating financial resilience and opportunity, in order to meet
rising customer expectations for security, flexibility, and settlement speed.
AppTech
has a history of building strategic partnerships to build on its global reach and
recently signed a Memorandum of
Understanding (MOU) with Broadnet Technologies, LLC (https://www.broadnet.me/), a
Tier 1, SMS/Text Provider and Aggregator.
From the news: The
Company anticipates executing a definitive Strategic Partnership Agreement,
Patent License Agreement, and Channel Partner Agreement within sixty days from
the announcement of the MOU. After the definitive agreements are executed, the
partnership will expand AppTech's reach in the global text-to-pay space,
offering AppTech's CommerseTM platform to Broadnet's global customer
base. In addition, AppTech and Broadnet will offer two-way SMS and a suite of
SMS tools to the global market. The Patent License Agreement will license
AppTech's SMS and Mobile Payment patents to Broadnet, thereby expanding the
Company's footprint by supporting integrations with its patent-based portfolio
in text-to-pay and SMS solutions.
"Once
fully executed, these pending agreements will allow AppTech to offer our
intellectual property and suite of CommerseTM products to Broadnet's
customer base. In addition, the Company plans to roll out a link to phone and
invoice payment checkout experience using text to pay," said Virgil
Llapitan, President of AppTech Payments Corp. "We look forward to working
closely with the Broadnet team in what we expect to be a mutually beneficial
partnership that will drive long-term growth and ultimately build shareholder
value."
The
partnership will build upon licensing AppTech's intellectual property,
including but not limited to Payments-as-a-Service ("PaaS"),
Banking-as-a-service ("BaaS"), text-to-pay, and two-way SMS. The
integration with Broadnet's network will bolster AppTech's fully integrated
approach to all payments experiences and purchasing journeys. As a result, the
partnership will empower AppTech to continue the development, growth, and
launch of CommerseTM and Broadnet to offer payments to their more
than 60,000 clients worldwide.
Starting
from BroadNet's HQ in Beirut, Lebanon, Broadnet has offices and branches in 13
countries on 4 continents, with more being planned. The Company’s website shows an elite
client base, including Google, McDonalds, Adidas and Uber that trust and use
their services.
Broadnet
built the first short message service center (SMSC) gateway, which is the
portion of a mobile phone network that handles text message operations and is
responsible for receiving, storing, routing, and forwarding SMS messages from
mobile handsets.
In
late April, AppTech also announced a
strategic partnership with Corix Solutions, LLC (https://www.corixsolutions.io/), an
integrator of the open-source Waves Enterprise blockchain. The partnership
strengthens AppTech's global reach and expands the Company's footprint by
supporting integrations with its patent-based portfolio in text-to-pay,
geolocation-based solutions, and peer-to-peer mobile payment systems.
Fiserv,
Inc. (NASDAQ: FISV), a
leading global provider of payments and financial services technology solutions
and Central Payments L.L.C., a banking-as-a-service (BaaS) provider, announced
a partnership enabling Fintech, enterprise businesses and payment facilitators
to bring financial products and services to market with greater speed and
growth potential.
From the news: “This
combination of technology, services, program management and bank partners will
help any business become a fintech without the need to add the staff or
expertise to manage the program in-house,” said Eric Cotton, Executive Vice
President and General Manager at Central Payments. “Those that may want to
manage their program in-house eventually can also use our services as a lower
risk model to get to market quickly with a proof-of-concept.”
ACI
Worldwide (NASDAQ: ACIW), a
global leader in mission-critical, real-time payments, announced earlier this
month it has teamed up with MagicCube, the creator of i-Accept™, to deliver
secure and seamless contactless payments on commercial off-the-shelf (COTS) smartphones
and tablets using Tap to Pay—with or without PIN. The solution will provide
mid-size and large retailers operating in complex environments with
device-agnostic control and visibility of transaction data. This comes on the
heels of MagicCube's announcement extending its platform to big-box retailers.
Among
the new ACI capabilities powered by i-Accept are multi-acquirer and
multi-merchant support from one platform and direct integration into complex
systems with no impact on Payment Card Industry (PCI) Data Security Standard
scope or certification. The solution also offers flexible management of
acceptance rules across numerous geographies and message translation across
different standards.
"We
are proud to launch our partnership with MagicCube to expand their
industry-leading offering for growth beyond traditional and legacy payment
terminals," said Basant Singh, Head of ACI Worldwide's merchant segment.
"ACI's Payments Orchestration Platform gives thousands of merchants and
payment service providers globally the tools and technology to increase
conversion rates and grow their business by making payments part of a smooth,
seamless, and secure customer journey."
Carrefour
Group and MoneyGram International, Inc. (NASDAQ: MGI), a
leading global financial technology company that connects the world's
communities, announced they
will expand MoneyGram services to over 500 Carrefour locations in multiple
markets in 2024.
From the news:
Carrefour customers across Europe and Latin America will now be able to send
money from their local hypermarket or supermarket to loved ones in over 200
countries and territories around the world. MoneyGram will support Carrefour on
the operational management of this new service, including technical
implementation, compliance and customer service.
"The
history of our collaboration with MoneyGram in the Romanian market for over 10
years has enabled us to measure the value proposition of adding money transfer
to our traditional banking activities, which has helped us confirm its a
growing need for our customers," said Benjamin Dubertret, Group Director
of Financial and Merchant Services at Carrefour. "MoneyGram's global
expertise in money transfers between individuals will enable us to offer a
simple, unified and secure service in eight Carrefour countries. This
collaboration is in line with our ambition to constantly meet the needs of our
customers on a daily basis with the best services."
"We
are excited to partner with Carrefour and expand our leading services across
their global network," said Alex Holmes, MoneyGram Chairman and CEO.
"As consumer demand continues to vary based on market-specific needs, we
understand the importance of providing options. This partnership with one of
the largest retailers in the world underscores our ongoing commitment to
putting customers first and driving access to convenient and reliable
cross-border payments. We look forward to continued growth through this
strategic collaboration."
Fintech
companies like AppTech Payments Corp. (NASDAQ:
APCX) see the win-win and value add in partnering. FintechFutures.com,
reporting on the
top five fintech partnerships in 2022 said, “Working together, individual organizations
and firms can achieve more. This year has seen a number of Fintech partnerships
spring up as they look to tackle problems, innovate and provide value for
consumers across the world.”
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