Technology

Ingenico and Crypto.com Partner to Launch a Seamless Crypto Payment Solution for Millions of Ingenico Merchants Worldwide

Published

3 weeks ago

November 5, 2024

SINGAPORE and PARIS, Nov. 5, 2024 /PRNewswire/ — Ingenico, a global leader in payment acceptance and services, and Crypto.com, a leading crypto trading platform, are proud to announce a ground-breaking partnership to bring crypto payments and merchant services to the Ingenico platform worldwide. This pioneering “plug-and-play” solution will empower Ingenico merchants to accept crypto payments seamlessly and securely, meeting the needs of over 680 million consumers.

Transformative Payment Technology and Ingenico Merchant Wallet

Through this collaboration, Ingenico merchants can now accept crypto payments and receive funds settlement without currency risk in their local currency, such as EUR, GBP, AUD, or USD. At the heart of this offering is Ingenico’s new merchant wallet, connected to AXIUM Android terminals to simplify merchant interactions with the crypto world and other key services. This new functionality also enables merchants to enjoy the flexibility and ease of integrating crypto alongside their existing payment systems.

Expanding Benefits for Merchants and Consumers

Crypto.com and Ingenico’s partnership extends beyond crypto payments. With Crypto.com Pay, consumers can earn rewards for transactions, while Ingenico provides merchants with additional services linked to the terminal, allowing merchants to manage payments and services through mobile and tablet devices. This joint solution aims to normalize crypto payments for real-world retail experiences, making crypto adoption simpler, faster, and more robust.

Future Roadmap and Global Reach

Ingenico is in active discussions with leading merchants, supported by Crypto.com, and plans to roll out the live pilot with selected partners in Q1 2025. This innovative solution will be available across several regions, including the U.S., Canada, the EEA, the UK, Asia, and Australia.

Patrick Blanc, CTO of Ingenico, remarked, “Our partnership with Crypto.com will redefine the payments landscape by seamlessly integrating crypto payments into commerce environments. This collaboration marks a pivotal moment for merchant services worldwide, setting a new standard for innovative payment solutions that are moving commerce forward.”

Eric Anziani, President & COO of Crypto.com, added, “We are on a mission to make it easier for people to use cryptocurrency in real-world payment scenarios and our partnership with Ingenico will go a long way to bringing crypto out of the web and increase its adoption as a powerful payment tool. Crypto.com Pay is a secure and scalable technology, offering our customers yet another innovative way to interact with cryptocurrency – as the future of payments.”

Merchants interested in Crypto.com Pay or joining the pilot can contact Ingenico directly for more information on how to participate in this innovative retail crypto solution.

Editor note: Ingenico will showcase a live demonstration of its new crypto payment solution at the Singapore Fintech Festival on November 6-8, 2024, at Hall 3, Booth #3G05. Discover how crypto can seamlessly integrate into retail payments and experience the future of payment technology in action.

ABOUT CRYPTO.COM

Founded in 2016, Crypto.com is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation.

Learn more at https://crypto.com

ABOUT INGENICO

Ingenico is the global leader in payment acceptance and services. We support our customers, and their customers to do more with payments. Active in 37 countries, with over 3,500 employees we have been at the forefront of the commerce landscape for over four decades. With more than 40 million payment devices deployed worldwide, powered by over 2,500 apps, the company is servicing the needs of millions of consumers every day. Through our advanced integrated solutions and network of partnerships, we simplify the world of payments and bring value added services to move commerce forward.

Learn more at  https://ingenico.com/

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SOURCE Ingenico

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

23 minutes ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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