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Inswitch partners with Binance Pay to boost crypto payment adoption in LATAM

Inswitch partners with Binance Pay to boost
Inswitch, a leader in embedded financial technology and payment infrastructure, and Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, announced they have signed a strategic partnership, which will enable both sides to improve their fintech solutions and offer Binance Pay to all merchants in LATAM.

The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with intriguing options in crypto space, allowing them to increase revenue by accepting crypto, and enable all companies with a new way to service payments.

Some of the features involved in this partnership will allow merchants to:
  • Receive payments in 50+ cryptocurrencies with lightning fast payments.
  • Support new products or business models and accept recurring payments globally
  • Quickly set up Binance Pay and manage recurring customers with Inswitch's APIs and solutions (e.g. Payment Links, Hosted Checkout, etc)

"We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are."

- Ronald Alvarenga, CEO of Inswitch

Furthermore, with Inswitch, merchants can configure everything through Inswitch Business Portal or create new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best fit their needs.

This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are positioned to deliver a robust turnkey solution across a variety of sectors, including eCommerce, Retailers, Travel, CPGs, Banks, and Gig economy among others.

We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay's objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers, stated Jonathan Lim, Global Head of Binance Pay.

About Inswitch
Inswitch is a global leader in embedded financial technology, helping companies and organizations to rapidly implement their own digital financial services. With the Inswitch API-based Fintech-as-a-Service platform, any company can become a Fintech and choose the best solution for its specific needs. All with a fast go-to-market strategy, zero friction and using the Inswitch global network for cash, banking, credit/debit cards, issuing and payment operations.

About Binance Pay
Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto.

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Treasury Prime | September 20, 2023

Treasury Prime, a leading provider of state-of-the-art embedded banking software solutions, has formally introduced a strategic collaboration with Astra, a tech company renowned for its expertise in pioneering instant payment solutions. This partnership signifies a significant step forward in modern financial technology. Mark Vermeersch, Chief Platform Officer at Treasury Prime, expressed that Astra's transfer technology offers remarkable speed, efficiency, and accessibility. When combined with an embedded finance marketplace, it has the potential to revolutionize transaction processes for businesses and end-users, thereby shaping a more interconnected and dynamic financial sphere. By harnessing Astra's cutting-edge technology, Treasury Prime's customer base gains access to instant account funding and swift disbursement options via the push-to-card feature. This enhancement marks a significant stride in streamlining payment processes, promising increased efficiency and effectiveness for financial institutions and corporate entities. Gil Akos, Co-Founder and CEO of Astra expressed enthusiasm about the partnership with Treasury Prime. He emphasized the significance of instant payment technology in revolutionizing financial transactions by providing expedited access to funds while ensuring elevated efficiency, security, and convenience levels. He anticipates that this collaboration will empower businesses to harness the potential of instant transactions, fueling growth, improving customer experiences, and promoting financial inclusion. These recent partnerships with Sardine and Checkout.com signify Treasury Prime's commitment to forging strategic alliances, further solidifying its position as a leader in the industry. Additionally, the introduction of OneKey Banking, a pioneering multi-bank solution, and the successful closure of a $40 million Series C funding round earlier this year have underscored the company's dedication to innovation and growth within the financial technology sector. About Treasury Prime Treasury Prime offers comprehensive, sophisticated services, including money transfer, risk management, and access to a chartered bank's infrastructure. It collaborates with forward-thinking financial institutions to foster responsible innovation and expand access to banking products and services across diverse population segments. The company's excellence has been recognized through awards such as the Best Banking-as-a-Service Platform in the Tearsheet Embedded Awards for 2021 and 2022 and its inclusion in CB Insights' prestigious 2021 Fintech 250 list. About Astra Astra is a prominent purveyor of cutting-edge bank-to-bank transfer technology tailored for financial institutions, fintech companies, and enterprises. Gil Akos and Sam Morgan co-founded the company in 2016. The company's distinctively designed, vertically integrated API offers a streamlined means for developers to seamlessly incorporate financial automation into their pre-existing products.

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Treasury Prime, a leading provider of state-of-the-art embedded banking software solutions, has formally introduced a strategic collaboration with Astra, a tech company renowned for its expertise in pioneering instant payment solutions. This partnership signifies a significant step forward in modern financial technology. Mark Vermeersch, Chief Platform Officer at Treasury Prime, expressed that Astra's transfer technology offers remarkable speed, efficiency, and accessibility. When combined with an embedded finance marketplace, it has the potential to revolutionize transaction processes for businesses and end-users, thereby shaping a more interconnected and dynamic financial sphere. By harnessing Astra's cutting-edge technology, Treasury Prime's customer base gains access to instant account funding and swift disbursement options via the push-to-card feature. This enhancement marks a significant stride in streamlining payment processes, promising increased efficiency and effectiveness for financial institutions and corporate entities. Gil Akos, Co-Founder and CEO of Astra expressed enthusiasm about the partnership with Treasury Prime. He emphasized the significance of instant payment technology in revolutionizing financial transactions by providing expedited access to funds while ensuring elevated efficiency, security, and convenience levels. He anticipates that this collaboration will empower businesses to harness the potential of instant transactions, fueling growth, improving customer experiences, and promoting financial inclusion. These recent partnerships with Sardine and Checkout.com signify Treasury Prime's commitment to forging strategic alliances, further solidifying its position as a leader in the industry. Additionally, the introduction of OneKey Banking, a pioneering multi-bank solution, and the successful closure of a $40 million Series C funding round earlier this year have underscored the company's dedication to innovation and growth within the financial technology sector. About Treasury Prime Treasury Prime offers comprehensive, sophisticated services, including money transfer, risk management, and access to a chartered bank's infrastructure. It collaborates with forward-thinking financial institutions to foster responsible innovation and expand access to banking products and services across diverse population segments. The company's excellence has been recognized through awards such as the Best Banking-as-a-Service Platform in the Tearsheet Embedded Awards for 2021 and 2022 and its inclusion in CB Insights' prestigious 2021 Fintech 250 list. About Astra Astra is a prominent purveyor of cutting-edge bank-to-bank transfer technology tailored for financial institutions, fintech companies, and enterprises. Gil Akos and Sam Morgan co-founded the company in 2016. The company's distinctively designed, vertically integrated API offers a streamlined means for developers to seamlessly incorporate financial automation into their pre-existing products.

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PR Newswire | September 29, 2023

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Read More

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Infinicept, a prominent provider of embedded payment solutions, and Payment Visor, a distinguished consulting firm specializing in payment management, have formally declared a strategic partnership. Infinicept's payment solutions, in conjunction with Payment Visor's advisory services, will cater to customers' specific needs as they progress along their embedded payment journey. This collaboration will unite profound payment proficiency with Infinicept's Payfac-as-a-Service and embedded payments platforms, offering an enriched suite of services to the industry. Deana Rich, Co-Founder and Co-CEO Infinicept expressed, "Payment Visor is a trusted partner in the industry, and we are thrilled to be working with their team." [Source – Globe Newswire] Suzie Bookout, CEO of Payment Visor, added, "Infinicept is a visionary organization committed to doing everything it can to help its customers. Working together and taking a collaborative approach means that we can create even better outcomes for our clients as they advance in payments." [Source – Globe Newswire] Todd Ablowitz, Co-Founder and Co-CEO of Infinicept said that to provide enhanced client support, Infinicept has introduced a versatile Payfac-as-a-Service model tailored for vertical software companies. These solutions and services align with Payment Visor's expertise and client-centric approach. He further stated that this collaboration can deliver substantial advantages to software enterprises. About Infinicept Infinicept is a provider of embedded payment solutions and services designed to assist software companies in harnessing the benefits of embedded payments, such as enhanced revenue and greater oversight of the merchant experience. It has earned the trust of over 300 prominent software companies, payment processors, sponsor banks, and other entities by enabling them to transition into the modern era of software-driven payments. About Payment Visor Payment Visor is a management consulting and advisory firm specializing in providing strategic guidance to integrated software vendors and merchants who require assistance with payment strategies. By delivering streamlined, contemporary business solutions to bolster scalability and foster business expansion, the company effectively addresses crucial payment-related requirements of small and medium-sized business proprietors and software collaborators.

Read More

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Infinicept and Datacap Join Forces to Provide Software Companies with a Complete Embedded Payments Solution

GlobeNewswire | September 27, 2023

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