Archive for the ‘Banking/Financial Services’ Category

Equisoft’s Global Presence Expands with the Opening of New Office in the Caribbean

MONTREAL, Jan. 15, 2024 /PRNewswire-HISPANIC PR WIRE/– Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the opening of its new office in Trinidad, Port of Spain. This is Equisoft’s tenth international office and marks an exciting milestone for the company as it celebrates its 30th anniversary.

Equisoft’s Global Presence Expands with the Opening of New Office in the Caribbean

This expansion reinforces the company’s position as a pioneer in digital transformation solutions for the financial services industry. Equisoft has been a major technology provider to insurers in the Caribbean since 2012. Equisoft’s work with close to twenty insurers in the region created the need for the new office to get closer to the market and customers and to address surging demands in the Caribbean.

This office location will provide optimal service to Equisoft’s current customers and position them to effectively meet the growing demand in the Caribbean.

“As we celebrate Equisoft’s 30th anniversary, the opening of our new office in Port of Spain, Trinidad, stands as a testament to our commitment to innovation and client satisfaction. This expansion is a milestone for us and underscores our dedication to meeting the evolving needs of our clients and the industry” said Ruben Veerasamy, Equisoft Senior Vice President, Caribbean.

The new office is located at 11-13 Victoria Avenue, 2nd. Floor, Port of Spain, Trinidad.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

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PaySett Corporation expands its regional payments partnership with Sagicor

The real time payments (RTP) solution PayExpedite® will further expand the financial institution’s payment capabilities in Barbados under the Amazon Web Services (AWS) platform.

ATLANTA and BRIDGETOWN, Barbados, Oct. 24, 2023 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation a global provider of payment solutions and Sagicor Bank (Barbados) announced today the launch of the bank’s new real time payments service based on the ISO 20022 messaging standard running under the AWS platform.

George Thomas, CEO Sagicor Bank Barbados

George Thomas, CEO of Sagicor Bank (Barbados) stated, “As the region’s first digital bank, we are duty bound to work with our partners to ensure that their technology posture is robust, modern, and forward-thinking. We partnered with PaySett to future proof their solution and as such we worked with them to certify their platform in the cloud. This is a mutually beneficial and monumental achievement which is the first of its kind in the anglophone Caribbean.”

Jesus Garcia VP of Business Development at PaySett Corporation added, “The Sagicor Bank real time payments implementation with our market proven PayExpedite® solution demonstrates the product’s flexibility to adapt to different operating environments of our customers while at the same time providing seamless integration with Sagicor Bank’s core banking system and origination channels, as well as the local clearing house. Our research indicates that over the coming years regional financial institutions will be looking to move some of their infrastructure to cloud platforms such as AWS in order to streamline operations and reduce costs. We are delighted to support these efforts. Additionally Sagicor Bank’s future electronic payment offerings will be backed by a world class payments engine that will complement the bank’s future strategy and is capable of supporting different types of payment services including P2P, digital wallets, eCommerce, and others for consumers, businesses, and government institutions.”

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services that allow global financial institutions  to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global institutions with the capability to enhance their regional and global payment network processing capabilities. Twelve of the top twenty global financial institutions process payments through PaySett software.

About Sagicor Bank (Barbados)

Sagicor Bank (Barbados) is a dynamic digital financial institution offering commercial banking services to personal and business clients. We provide unmatched benefits and convenience to clients in our portfolio supported by a diversely skilled team located in Barbados. We are leading the digital banking revolution by boldly presenting banking options that are easy-to-get, simple-to-use, safe and secure and rewarding. Find out more by visiting www.sagicor.bank, Instagram, Facebook, LinkedIn, Twitter or YouTube.

Sagicor Bank is a wholly-owned subsidiary of Sagicor Financial Company. Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider in the Caribbean, with over 180 years of history, and has a growing presence as a provider of life insurance products in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados. Additional information about Sagicor can be obtained by visiting www.sagicor.com

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Mastercard and The Caribbean Association of Banks Inc Sign a Memorandum of Understanding

This agreement will focus on enabling intra and inter regional payments and expanding financial inclusion in the Caribbean.

CARIBPR WIRE, Miami, Florida, Mon. June 12th, 2023 – Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.

The partnership’s central objective is to enable cross-border payments across all CAB member jurisdictions, as a powerful tool to tend to the region’s unbanked and underbanked populations and bolster financial inclusion and economic growth. As part of its commitment, Mastercard will activate its technology, resources, and expertise to help banks successfully integrate this innovative solution into their product offerings, as well as share its knowledge and educational platforms to raise awareness among citizens and small business owners on the benefits of this service and other digital financial tools that can help them reach their fullest potential and improve their living standards.

Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico), said “We are thrilled to enter into this partnership with the Caribbean Association of Banks Inc, which will drive the region’s digitalization and offer customers across various sectors, including consumers, SMEs, government agencies, B2B, and commercial entities, a safer, easier, and more convenient way of transferring money across borders. The knowledge and data we will leverage from this collaboration will enable us to advance financial inclusion and stimulate economic growth in the Caribbean region.”

Mastercard Cross-Border Services help banks modernize and optimize their global payments business to deliver an experience for people and businesses that is secure, seamless, and certain. Ultimately, the collaboration between Mastercard and the Caribbean Association of Banks Inc will provide unbanked and underbanked populations in the English Caribbean access to modern financial services, allowing them to enjoy the benefits of the digital economy and providing them with priceless payment experiences.

“I am profoundly satisfied at the successful execution of this Memorandum of Understanding. Cognizant of the immense challenges faced by the region, concerning intra and inter regional payments, primarily as a result of the onslaught of de-risking activity, this is certainly a step in the right direction and exemplifies the tireless efforts of the CAB to identify innovative solutions to the challenges of present”, stated Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc. “The CAB acknowledges the increasing costs and complexity related to the transfer of funds among jurisdictions and is pleased to provide an option to the public via our member banks that is cost efficient and underpinned by the adoption of technology”, she added.

This partnership is part of Mastercard’s commitment to offering solutions that respond to specific market needs, benefiting millions of people in the Caribbean and taking a significant step towards achieving financial inclusion in the region.

***

About Mastercard (NYSE: MA) www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

EDITOR’S NOTE: A photo for use with this story is available HERE

PHOTO CAPTION: L-R: Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico and Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc.

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PaySett Corporation expands its payments partnership with the Barbados Automated Clearing House Services Inc. (BACHSI)

The real time payments (RTP) solution PayExpedite® will complement the current electronic payments ecosystem to allow for the creation of new payment services in Barbados.

ATLANTA and BRIDGETOWN, Barbados, April 26, 2023 /PRNewswire-HISPANIC PR WIRE/ – PaySett Corporation, a global provider of payment solutions, and BACHSI announced today the launch of the new RTP platform based on the ISO 20022 messaging standard.

Natalie Garraway, immediate past chairman (2020-2022) and current deputy chair (2023) commented, “We are elated to have this platform launched in Barbados. This system will be integral in our digital journey as a country as it offers speed, convenience, and reliability. We are grateful to PaySett for partnering with us (BACHSI) to provide such a solution that covers all those key areas that our citizens and customers have been eagerly requesting in a banking solution.”

Jesus Garcia, VP of Business Development, added, “Our market proven PayExpedite® solution will integrate seamlessly into the Barbados payments ecosystem to serve the government of Barbados’ plans to reduce (and longer term eliminate) the number of cash and cheque transactions while reducing the costs of these traditional payment methods. Each participating financial institution will have at its disposal a robust real time payments platform capable of supporting new service offerings such as emergency payments, P2P payments, digital wallets, eCommerce, and others. The ease, speed, and security capabilities of the PayExpedite® platform will facilitate the country’s transition to a more digital economy.”

These same financial institutions will be able to process consumer, corporate and government payments in real time through a multitude of banking channels. PaySett’s PayExpedite® product has been deployed across multiple countries offering regional financial institutions the opportunity to manage real time payments across their entire geographical market.

About PaySett Corporation

Atlanta Georgia based PaySett Corporation is a global provider of payment software solutions. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advance payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities. Twelve of the top twenty global banks process payments through PaySett software.

Natalie Garraway, Deputy Chairman, BACHSI Barbados.

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ERI teams up with iSoftware4Banks to offer OLYMPIC Banking System to banks and financial institutions in the USA

MIAMI, April 5, 2023 /PRNewswire-HISPANIC PR WIRE/ — ERI is proud to announce its partnership with iSoftware4Banks to address the technology needs of banks and financial institutions in the North American market. iSoftware4Banks will provide extensive knowledge of the banking market and its regulatory and business expertise to bring ERI’s leading technology platform, OLYMPIC Banking System, to the North American market. This agreement addresses a growing need for local banks and financial institutions – including retail, corporate and private banks, as well as credit unions, community banks, and neo and challenger banks – to make technology a priority in their business development strategy. By digitalizing processes from front-to-back office through on premises or cloud implementations, making a better and more intuitive use of data, financial institutions will be able to deliver an optimized and personalized user experience to their customers.

iSoftware4Banks’ team of bankers, industry insiders, investors, and operations specialists share a solid commitment to the banking sector. The company provides banks with the latest innovative automation resources and service providers available for optimizing operations.

Jean-Philippe Bersier, ERI’s Director of Sales & Marketing, says, “We are excited to announce this initiative as a key milestone to accelerate our business expansion in the region. The North American market is not unknown to ERI as we currently have clients using our system in the US as well as in Canada. Teaming up with iSoftware4Banks will open up new opportunities for growth.”

Vincent Raniere, Chairman and CEO at iSoftware4Banks states, “We are looking forward to promoting the expansion of ERI’s reach within the US market. We are confident our partnership with ERI, coupled with our extensive experience, will help to further strengthen our capabilities for promoting OLYMPIC Banking System’s benefits to key relationships, and other institutions seeking optimization and innovative solutions within the financial sector.”

ERI is an international company specializing in the design, development, distribution and support of the integrated, real-time banking and wealth management software package: OLYMPIC Banking System®. ERI is focused on providing comprehensive, quality software with effective system implementation assistance and efficient ongoing maintenance and support for clients worldwide.

iSoftware4Banks, Inc. is a leading provider of go-to-market services to companies selling to the banking and finance sector.

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Vantage unveils Supercar Blondie as Brand Ambassador

Supercar Blondie partners with Vantage Markets for financial education

GRAND CAYMAN, Cayman Islands, Jan. 18, 2023 /PRNewswire-HISPANIC PR WIRE/ — Multi-asset broker, Vantage International Group Limited (”Vantage” or “Vantage Markets”) is pleased to unveil Alexandra Mary Hirschi, of Supercar Blondie, as its Brand Ambassador.

Alexandra Mary Hirschi from Supercar Blondie, and Nadine Azzam, Head of MENA for Vantage, at the signing ceremony and press conference held on 18 January in Dubai.

This partnership marks a milestone between an online brokerage with a social media publisher, aimed to use their respective expertise to provide accessible and relevant financial education both on Vantage’s platforms and on Supercar Blondie’s online education channel, Xplained.

Marc Despallieres, Chief Strategy and Trading Officer at Vantage, says, “We are truly excited to work with Supercar Blondie once again, in a greater capacity as our brand ambassador. Her adventurous attitude, tech-savvy, and global appeal makes her a perfect fit for us to raise Vantage’s brand awareness among younger and more discerning audiences. I know her unique presentation style will help demystify trading, and make it approachable and relevant for all.”

The social media publisher draws over 1 billion views per month across the group, with over 85 million followers globally. As a leading voice and influence in a traditionally masculine industry, Supercar Blondie engenders Vantage’s beliefs in female empowerment, alongside a shared commitment of Vantage towards innovation, and climate action, which is aligned with Vantage’s partnership with NEOM McLaren Extreme E.

Alexandra Mary Hirschi says, “I am all for bringing exciting and transformative content to our audience. One of our key goals in 2023 is to empower our audience by providing accessible financial education materials. With that, I’m thrilled to partner with a market leader like Vantage to raise the bar on financial education and strengthen financial literacy for all. Vantage is a company with a big heart, and It’s exciting to see the impact we can make together.”

This announcement marks a strengthening of the partnership between the two organisations that was first established in 2022 when Supercar Blondie participated in the Blue Carbon initiative in Sardinia, Italy, to formally launch Vantage’s corporate ESG journey, and bring awareness to climate change.

About Vantage

Vantage (Vantage International Group Limited) is a multi-asset broker offering clients access to a nimble and powerful service for trading CFD on Forex, Commodities, Indices, Shares, ETFs and Bonds.

With more than 13 years of market experience, Vantage entities now have over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user- friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage.

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Vantage’s swap-free trading provides gold traders nearly US$1million in savings over a three-month period

The popular product update will be extended to trades made for other digital assets

PORT VILA, Vanuatu, Dec. 8, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage, (or “Vantage Markets”) says its swap-free gold XAUUSD trading has seen overwhelming response from clients. Within the first three months of its implementation, Vantage traders enjoyed nearly USD 1 million in savings* from overnight fees.

Vantage’s swap-free trading provides gold traders nearly US$1million in savings over a three-month period

In response to client’s positive feedback, Vantage has decided to continue its swap-free trading beyond 2022 and extend the offering to other digital assets to benefit more clients.

The swap-free product enhancement was designed to provide greater convenience for gold XAUUSD traders. Clients are not charged overnight fees when trading across all trading accounts, including on the Vantage App, regardless of trade size. Details of the swap-free trading can be found here. Clients can also calculate their own potential savings with the Vantage Swap Calculator.

Marc Despallieres, Chief Strategy and Trading Officer, says, “We have received much positive feedback from our clients, and are pleased to extend this offering for their benefit. Amid extreme market volatility, swap-free trading eliminates overnight fees as a cost consideration for our clients when they choose to pursue longer term trading strategies. It also affords them the flexibility to close their trades at a time of their choosing, for their hedging purposes, removing the necessity of closing their trades on a daily basis.”

“At Vantage, we are constantly looking to enhance our offerings to allow our clients to trade market opportunities on their own terms.”

*Based on figures provided by Vantage entities.

About Vantage

Vantage (or “Vantage Markets”) is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, ETFs and Bonds. With more than 13 years of market experience. Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you trade smarter @vantage.

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Vantage introduces Social Trading to make trading more interactive

Vantage App is also available on more phone models

PORT VILA, Vanuatu, Dec. 1, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage (or “Vantage Markets”), the multi-asset broker, has launched social trading on the Vantage App, making it an all-in-one trading app that supports both regular trading and social trading.

Lian Jie, Assistant App Marketing Director, Vantage

Social trading is an innovative feature that turns trading into a social event. Experienced traders can share their trading strategies as signal providers. Novice traders will be able to follow numerous signal providers, gain insights from experienced investors, and trade their strategies by mirroring the trades of others.

The Vantage App offers access to over 1000 trading instruments including CFDs on Forex, Commodities, Indices, Energy, Shares, ETFs and Bonds.

It has an intuitive in-app navigation and provides a comprehensive range of charts, technical tools, order types, personalised trading reports and alerts. Available in 14 languages, the Vantage App also offers market analysis and market news powered by Trading Central and FX Street.

With the growing demand for mobile trading in mobile-centric markets, the Vantage App is now supported on OPPO, VIVO, Huawei, Xiaomi, and Samsung devices, on top of iOS and Android devices.

Lian Jie, Assistant App Marketing Director at Vantage explains how the new feature is revolutionizing the traditional CFD industry. “As our active investor profile gets younger, our clients have been more willing to explore and adopt innovative trading methods like social trading, going beyond traditional trading methods. At Vantage, we understand how technology and innovation can transcend boundaries, so we have utilized the power of technology in our Vantage App to meet the needs of the next generation and provide a seamless and convenient experience for all our clients.”

About Vantage

Vantage (Vantage Global Limited (VFSC 700271) ) is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, ETFs and Bonds.

With more than 13 years of market experience, Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

Vantage introduces Social Trading to make trading more interactive

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Mastercard brings The Belle Block™ to Latin America and Caribbean to educate and empower women in Web3 and crypto

  • The Belle Block™ is a Mastercard-led initiative to focus on education, conversation and building for the future.
  • The program expands its presence in Latin America and the Caribbean thanks to a partnership with WAGMI LatAm.

MIAMI, Nov. 29, 2022 /PRNewswire-HISPANIC PR WIRE/ — Mastercard introduced The Belle Block™ in Latin America and the Caribbean (LAC), during the 11th edition of the Mastercard LAC Innovation Forum. The Belle Block™ is a community launched in June 2022 to educate and empower women and non-binary individuals to benefit from Web3 technology and crypto. This expansion to the region comes in partnership with WAGMI LatAm, an education initiative aimed at bringing 5 million Latin women into Web3 by 2030.

Mastercard believes in the power of technology and its ability to build a better future that includes everyone. This new group focuses on delivering on key building blocks: Business Growth, Education, Leadership, Legal & Regulatory Advocacy and Entrepreneurship.

Today’s crypto climate requires looking ahead, informing, and giving more people the choice to explore and engage in the crypto ecosystem to better understand the power of blockchain. Although women and men are using crypto for similar reasons – investing, buying, trading, and opening wallets – 77% of Latin American women who are familiar with crypto agree they would use it more if they understood it better.*

“Digital assets have the power to transform the way we pay, get paid, and invest. Together with the crypto community, we want to ensure we are bringing more women and underserved to the table in the Web3 and crypto world so they can have an active role in leading the future of payments”, says Janet Rivera-Hernandez, Vice President, Communications, Latin America and the Caribbean.

The Belle Block™ partners with the founders of groups fostering education and collaboration, including SheFi, HerHouse, Blu3 DAO, and Boys Club, to get more women involved and to develop products that empower women and other minorities. In Latin America and the Caribbean, the initiative is supported by WAGMI LatAm, a program that aims to increase the participation of Latin women in the United States and Latin America in the Web3 world.

“WAGMI LatAm brings together more than 30 organizations in the U.S. and Latin America to ensure Latin American women are co-creators and active participants in the evolution of the Web3 ecosystem by providing access to education, resources and conducting research,” said Laura Navarro Muñoz, Governor of H.E.R. DAO LATAM and one of the three founding member organizations of WAGMI LATAM. “Based on our experience, community-building and education will be key to achieve WAGMI LATAM’s goal of onboarding 5 million women into Web3 by 2030 and we are looking forward to working with Mastercard to achieve this goal.”

Last June, Mastercard launched its 2022 New Payments Index, a global survey among 35,000+ consumers in 40 countries, which found those already familiar with the crypto space, women especially, have a heightened interest in expanding their knowledge. 95% of Latin American women have heard of cryptocurrency, but their current understanding of crypto and digital asset terminology is less robust than men, including non-fungible tokens (NFTs) – 42% of women are aware vs. 56% of men, blockchain – 28% of women are aware vs. 44% of men,  and central bank digital currencies (CBDC) – 43% of women are aware vs. 52% of men,.* There is a clear opportunity to engage women by initiating a platform to inform, exchange and educate to help bridge this gender gap.

Mastercard’s Commitment to Diversity, Equity & Inclusion (DEI):
Mastercard’s ongoing commitment to financial and social inclusion is at the intersection of innovation and technology. Recent work includes its LGBTQIA+ Pride Month Your True Self is Priceless campaign, new non-binary community research in 16 markets across Europe and North America, and the release of its refreshed Gender Balance initiative on the 50th anniversary of Title IX.

Source:
*Research conducted by The Harris Poll and Mastercard Global Foresights, Insights and Analytics from March 21 to April 21, 2022. Online interviews were conducted among 35,040 global adults (17,071 women, 17,969 men) and includes nationally representative samples from markets across 5 regions.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About WAGMI LatAm

WAGMI LatAm is an education initiative led by H.E.R. DAO LatAm, CryptoConexión, and Unstoppable Women of Web3 to bring 5 Million Latinas into web3.

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Vantage and NEOM McLaren Extreme E make a splash for ESG at the Finance Magnates London Summit 2022

LONDON, Nov. 22, 2022 /PRNewswire-HISPANIC PR WIRE/ — International multi-asset broker, Vantage (also known as “Vantage Markets”), is pleased to announce its participation and sponsorship of the Finance Magnates London Summit for the second year running, with a renewed push for ESG.

This year, Vantage was accompanied by their partner NEOM McLaren Extreme E to exhibit the fully electric SUV vehicle – named ODYSSEY 21 – at Old Billingsgate in London, next to the outdoor gazebo.

Vantage and NEOM McLaren Extreme E make a splash for ESG at the Finance Magnates London Summit 2022

At the same time, Vantage launched its UK-based liquidity service Vantage Connect during the summit, with a stunning new look that is befitting of the institutional brand.

Vantage and NEOM McLaren Extreme E make a splash for ESG at the Finance Magnates London Summit 2022

The exhibition is a culmination of Vantage’s efforts in the ESG space. The company has partnered with NEOM McLaren Extreme E in a Blue Carbon initiative, leveraging on renowned social media publisher Supercar Blondie to raise awareness on climate change and gender equality.

The group has also partnered UNHCR for a dollar-for-dollar fund raising event for refugees, worked with Red Cross for a global blood donation drive, and partnered with UNESCO to support their education initiatives in India.

These ESG initiatives and more were part of the discussion at the London Summit. Vantage’s UK CEO, David Shayer was joined by Kim Wilson, Director of Sustainability, McLaren Racing, to speak at the ESG-focused panel “Fintech for Good: Social Impact & Innovation in Fintech”, which was held at 2pm at the Centre Stage.

Shayer also spoke more about the significance of Vantage Connect in a volatile market at the panel discussion “Risk Management for Turbulent Times”, which was held at 12.30pm at the Innovate Stage.

David Shayer, CEO, Vantage UK, says: “We are pleased to join Finance Magnates once again on such a key event. This has been a very exciting year for Vantage, starting with our partnership with NEOM McLaren Extreme E, to the launch of VSocial and Vantage Connect. Our business has evolved to be more in tuned with the needs of our retail and institutional clients, and we are proud to be part of an organization that makes care our main currency.”

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares and ETFs.

With more than 13 years of market experience, Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem and a user-friendly trading platform that enables clients to take advantage of trading opportunities.

Be empowered to better capitalise on winning market opportunities when you trade smarter @vantage

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Vantage launches UK liquidity service for institutional traders

LONDON, Nov. 15, 2022 /PRNewswire-HISPANIC PR WIRE/ — International multi-asset trading platform Vantage (or “Vantage Markets”) is announcing the launch of Vantage Connect, a liquidity solution for institutions and corporates in the UK.

To be officially announced at Finance Magnates London Summit 2022, the news comes as part of a wider strategic push by Vantage to expand the institutional side of their business in response to growing demand among hedge funds, family offices, banks, brokers, money managers and asset managers for bespoke trading solutions.

Widespread volatility has led to a 17.2% year on year increase in trading volumes globally this September. This presents both risks and opportunities for institutions, who must navigate rapidly changing market conditions, such as the LSE widened the spread limit on UK gilts, as well as bigger spreads, such as on the CFD and derivatives contracts that are commonly used in hedging strategies.

Vantage Connect allows these institutional clients to manage volatility effectively and make the most of market opportunities by leveraging Vantage’s deep liquidity pool to buy and sell complex assets quickly.

The offering is customised depending on what the clients’ needs are across the full range of Vantage’s services, including in-house built risk management and their unique PAMM (percentage allocation management module). It is quick and secure, as clients can easily plug into the service via an API, ensuring speed to market, and are protected under Vantage’s FCA license.

Vantage Connect will be exhibiting at this year’s FMLS and will be joined by the McLaren Extreme E team, who will be featuring their new vehicle.

David Shayer, UK CEO at Vantage, commented: “Market volatility often brings opportunities for those who know where to look, and we’ve seen the increasing volumes over the last few months. We’ve built up a strong retail solution, and now is the right time to expand to institutional investors. We have a strong team in the UK, all of whom are excited to launch the new service, that ensures that Vantage can be a trusted partner and a one-stop shop for the institutional trading community, and gives them the springboard to make the most of market opportunities.”

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares and ETFs.

With more than 13 years of market experience, Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem and a user-friendly trading platform that enables clients to take advantage of trading opportunities.

Be empowered to better capitalise on winning market opportunities when you trade smarter @vantage

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Enter the ‘World Cup Craze’ event with Vantage and win prizes with your favourite soccer teams

Vote for the winning team and earn prizes during the upcoming soccer championship, created by Vantage – the modern financial app and service for effortless trading on the go.

SINGAPORE, Nov. 14, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage (or “Vantage Markets”), the international multi-asset broker, is pleased to announce the launch of its World Cup Craze Event, in anticipation of the upcoming World Cup 2022. From today, traders on the Vantage App will be able to vote for the winning team in each match for exciting prizes.

With a total of 64 matches throughout the entire event, the World Cup Craze is expected to be an intriguing and fun way for sports enthusiasts to follow the players, teams, and outcomes while engaging with other soccer fans in this one-of-a-kind Vantage event centred around the world’s favourite sport. Winners will be announced after the event’s close on December 23, 2022.

The Vantage app enhances users’ mobile trading experience with social app trading features, seamless in-app deposits, proprietary technical analysis tools and more, to ensure users have the best tools to make the most of their trading opportunities.

To learn more about Vantage’s World Cup Craze and to enter, visit the official entry page here. Participants can also engage with Vantage on TikTokTwitterInstagram and Facebook to keep up with the winner’s reveal and event related announcements.

About Vantage

Vantage (or “Vantage Markets”) is a global, multi-asset broker offering clients access to a nimble and powerful service for trading Forex, Commodities, Indices, Shares, Bonds and ETFs.

With more than 13 years of market experience. Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you trade smarter @vantage

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Vantage partners Financial Commission for greater transparency in external dispute resolution

SYDNEY, Oct. 7, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage, the international multi-asset broker, today announces its partnership with the Financial Commission (FinaCom), an independent self-regulatory organisation and an external dispute resolution body for businesses operating in the forex and contracts for difference (CFD) markets.

With this new partnership, Vantage and its clients are able to access a wide range of services and membership benefits, such as the unbiased resolution process facilitated by FinaCom, and the protection of up to €20,000 per client, covered by the FinaCom’s compensation fund.

Vantage’s partnership with FinaCom brings together two organisations that are committed to holding the forex industry to the highest standards in business practices, for a more credible and transparent trading environment.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, says, “We’re extremely delighted to have partnered with the Financial Commission. We value our clients’ feedback and their trading experience with us, and we are pleased to have the support from a highly regarded external dispute resolution organisation like Finacom.”

“At Vantage, we take pride in building a business that is committed to doing what’s right, and being a trusted, regulated organisation that our clients and staff can be proud to be a part of.”

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, and Shares.

With more than 10 years of market experience. Vantage now has over 1,000 employees across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you trade smarter @vantage

About Financial Commission

The Financial Commission is an independent external dispute resolution organisation for traders who are unable to resolve disputes directly with their financial services providers . The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any disputes which arise in the course of trading electronic markets such as Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.

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Vantage wins three awards at the Global Forex Awards 2022

SINGAPORE, Sept. 23, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage, the international multi-asset broker, has received three awards at the Global Forex Awards 2022 – Retail, organised by Holiston Media.

Stephen Solares and Raymond Okafor, Business Associates for Vantage, at the Global Forex Awards Ceremony, Limassol, Cyprus, on 22 September 2022

Vantage was recognised in three categories including the “Best Forex Mobile Trading Platform/App – Global”, “Best Forex Trade Execution – Global”, and “Most Trusted Forex Broker – Asia”.

The Global Forex Awards 2022 – Retail is in its fifth edition, and honours businesses that use cutting-edge technology, offer low-cost trading, comprehensive market research tools, advanced educational programs, and world-class customer service for retail traders.

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, says “We are honoured to receive these awards at The Global Forex Awards 2022 – Retail. Vantage went through a massive shift since our rebranding exercise last year, and these awards are an affirmation of the direction we have taken as a business.”

“This is a celebration of the sheer hard work and determination of our team at Vantage, who have made Vantage what it is today. I would also like to take this opportunity to thank our clients who have supported us through the years, and who remain our biggest motivation to keep doing better.”

Lian Jie, Vantage’s Assistant App Marketing Director, says, “This is the fourth award garnered by our Vantage App team, and is a testament to the hours of development they have undertaken to make our app more powerful and intuitive than ever before.”

Since its rebrand, Vantage has received a number of industry recognised awards, including “Best in CFD trading 2022″ at the European – Global & Finance Awards 2022, “Best Broker Australia”, “Best Customer Support Australia”, and “Best Mobile Trading App” at the Ultimate Fintech Awards 2022.

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, and Shares.

With more than 10 years of market experience. Vantage now has over 1,000 employees/personnel across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a faster and simpler trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you

trade smarter @vantage

www.vantagemarkets.com

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Vantage announces partnership with UNESCO to support education initiatives In India

SINGAPORE, Sept. 20, 2022 /PRNewswire-HISPANIC PR WIRE/ - Vantage, the international multi-asset trading platform today announces its partnership with UNESCO (United Nations Educational, Scientific, and Cultural Organisation), as a part of its social commitment to strengthen education opportunities to emerging markets like India.

Eric Falt, Director and UNESCO Representative for the UNESCO New Delhi Office, and Marc Despallieres, Chief Strategy & Trading Officer at Vantage

[L-R]Yen Sim, Global Branding and Communications Director, Vantage, Eric Falt, Director and UNESCO Representative for the UNESCO New Delhi Office, and Marc Despallieres, Chief Strategy & Trading Officer, Vantage.

Within this partnership, Vantage is supporting the “State of the Education Report for India, 2022 – Artificial Intelligence (AI) in Education,” which was launched today in New Delhi, India. The Report covers a number of pertinent issues at the intersection of AI and education, including the potential of artificial intelligence to empower teachers and enhance our understanding of the learning process.

Commenting on the partnership, Marc Despallieres, Chief Strategy & Trading Officer at Vantage, said, “Our global footprint and presence in emerging markets has provided us with a unique perspective into the issues faced by our communities. We aim to foster a long-term, strategic partnership with UNESCO that rests on the foundations of our shared values – inclusion and equity. As a financial services provider, lending our support towards emerging technological developments in education, such as on AI in education and on digital literacy initiatives to students and learners in India, was a natural first step to take on this education journey.”

Talking about the role of artificial intelligence in financial inclusion, Eric Falt, Director and UNESCO Representative to Bhutan, India, the Maldives and Sri Lanka, said, “While the world may be on the fence about AI, this much is certain that AI is here to stay. With the rise of ICTs and digital banking platforms, AI has made financial inclusion a reality in India. Financial education and skilling are key to improving the economic and social well-being of people, especially women. In light of the same, we are very happy to partner with Vantage who share our commitments.”

Vantage’s partnership with UNESCO New Delhi brings together two organisations with a shared aspiration to ensure that no one is left behind. In the coming years, Vantage aims to leverage its financial and technological expertise to provide support for UNESCO’s education initiatives in India, by increasing the accessibility of teaching and bringing the benefits of education to those who need it most.

Vantage’s strategic partnership with UNESCO marks another milestone in its corporate environmental, social, and governance (ESG) journey, which was formally launched in July 2022 . Vantage has been collaborating with popular digital media producer Supercar Blondie to raise awareness on climate change and women’s empowerment during the week of the Extreme E race in Sardinia, Italy. In addition, the company has undertaken several other ESG activities this year, including a dollar-for-dollar matching fundraising exercise in partnership with the UNHCR (United Nations High Commissioner for Refugees) and a global blood donation drive across their offices.

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, and Shares.

With more than 10 years of market experience. Vantage now has over 1,000 employees/personnel across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a faster and simpler trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you

trade smarter @vantage.com

www.vantagemarkets.com

About UNESCO

The United Nations Educational, Scientific and Cultural Organization (UNESCO) was created in the year 1945.  It seeks to build peace and intercultural dialogue through education, the sciences, culture, communication and information. UNESCO’s programmes contribute to the achievement of the Sustainable Development Goals defined in the 2030 Agenda, adopted by the UN General Assembly in 2015.  As a laboratory of ideas, UNESCO helps countries to adopt international standards and manages programmes that foster the free flow of ideas and the exchange of knowledge.

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UnionPay Acceptance Enabled in the Dominican Republic

SANTO DOMINGO, Dominican Republic, Aug. 16, 2022 /PRNewswire-HISPANIC PR WIRE/ — UnionPay International (UPI) today announced its partnership with Cardnet, the largest acquirer in the Dominican Republic, to enable UnionPay acceptance at all Cardnet merchants. This is the first time that UnionPay card services are made available in the country. The UnionPay acceptance network has thus extended to 181 countries and regions, covering more than 37 million merchants outside the Chinese mainland.

In recent years, UPI has stepped up its effort in extending and enhancing its overseas acceptance network, and the offline card usage environment has continued to be optimized. In the first half of this year, more than 1.7 million merchants outside the Chinese mainland enabled UnionPay acceptance, significantly improving the user experience in Europe, North America, and other places, and the number of online UnionPay merchants increased to 22 million. Mobile payment services have been developing rapidly, with 13 million merchants in 95 countries and regions outside the Chinese mainland supporting UnionPay QR or mobile QuickPass. The latest survey by Juniper Research, a British consulting firm, shows that UPI has become one of the global leaders in QR payment.

The Dominican Republic is one of the largest economies in the Caribbean region. The partnership with Cardnet enables about 30,000 POS terminals to take UnionPay cards, boosting the local acceptance coverage to nearly 50% in a short period of time with a focus on optimizing cardholder experience in hotels, airports, retailers and F&B merchants. The collaboration will satisfy the demand of business travelers to the country for essential purchases and facilitate the people-to-people exchanges between China and the Dominican Republic.

With its strengths in the network, UPI is striving to serve more international cardholders and support China’s mutual exchanges with the rest of the world. Over 190 million UnionPay cards have been issued in more than 70 countries and regions around the world, of which 30 countries and regions have also rolled out 140 UnionPay-powered e-wallets, providing local residents with quality mobile payment services based on UnionPay cards.

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Vantage partners UNHCR for global fundraising activity for refugees, matches donations dollar-for-dollar

SINGAPORE, Aug. 1, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage, an international multi-asset broker, is pleased to announce that it is launching a month-long donation drive in support of UNHCR, the UN Refugee Agency, to help refugees and internally displaced persons worldwide.

Vantage partners UNHCR for global fundraising activity for refugees, matches donations dollar-for-dollar.

Vantage will be matching all donations from both new and existing clients, dollar for dollar, to support humanitarian efforts undertaken by UNHCR. The donation drive will run for one month until 30 August and may be extended based on client feedback.

UNHCR is a global organisation that has spent the last 70 years dedicated to saving lives, protecting rights and building a better future for refugees. Vantage and UNHCR jointly believe that everyone has the right to seek asylum and find safe refuge.

According to UNHCR, the number of people forced to flee conflict, violence, human rights violations, and persecution has now crossed the staggering milestone of 100 million for the first time on record, highlighting worldwide food insecurity, the climate crisis, war in Ukraine and other emergencies from Africa to Afghanistan as leading causes.

Ann Moey, Partnerships Manager at UNHCR says, “International solidarity is needed now more than ever, and all sectors of society can do their bit to help. Support from private sector partners like Vantage helps us inject vital energy into our humanitarian efforts, and allows us to deliver more assistance to vulnerable, displaced communities worldwide.”

The fundraising initiative is another step forward in Vantage’s corporate ESG journey, which was driven by the collective desire among its staff to make the world a better place. This donation drive follows closely after Vantage’s partnership with Supercar Blondie in participating in the Blue Carbon ESG initiative in Sardinia, Italy, as well as its multi-year sponsorship of the McLaren MX Extreme E team.

Sofiia Starchevska, ESG Ambassador at Vantage, said, “It’s infinitely more empowering and motivating knowing that your actions are one of many. It’s easier to see the power of collective, as opposed to individual, action, and this is what we want to achieve with this fundraising activity.”

“At Vantage, we know that the mental, emotional, and physical trauma of being displaced and having to rebuild in a strange land is a massive challenge, and we hope our initiative will double our support for refugees to seek protection and enable them to rebuild their lives. Together with UNHCR, we hope to make care our shared currency.”

For more information about our fundraising programme, please visit:
https://donate.unhcr.org/sg/en-sg/vantage

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, and Shares.

With more than 10 years of market experience. Vantage now has over 1,000 employees/personnel across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a faster and simpler trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you
trade smarter @vantage.

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Vantage partners Supercar Blondie to take its global ESG journey into overdrive

SINGAPORE, July 8, 2022 /PRNewswire-HISPANIC PR WIRE/ – Vantage, an international multi-asset broker, is pleased to announce that it has partnered Supercar Blondie, in the launch of its global ESG (Environment, Social, and Governance) programme.

This marks Vantage and Supercar Blondie’s first collaboration into the ESG space. The partnership will focus on driving innovation for electric vehicle production, promoting gender equality, and putting a spotlight on climate change.

Supercar Blondie is a popular digital media publisher, best loved for their light-hearted videos on luxury supercars, with over 75 million social followers across their channels. Alexandra Mary ‘Alex’ Hirschi, from Supercar Blondie, will join Vantage in Sardinia, Italy, participating in Extreme E’s Blue Carbon sustainability initiative to restore vital seagrass ecosystems, during the week of Sardinia’s Extreme E race.

Vantage’s own corporate ESG journey was driven by the passion demonstrated by its employees to make the world a better place. Its employees in different regions have been implementing localised ESG projects for their local community for years, from volunteer work and donations, to fundraising and education. Vantage’s global ESG initiative will formalise these efforts, provide additional support and coordination, and allow teams to share resources and ideas to maximise impact.

This underpinned the company’s decision to sponsor McLaren MX Extreme E in February.

In addition, the company will undertake several other ESG programmes including a worldwide blood donation drive, fundraising for refugees, and supporting free financial education initiatives in emerging markets to improve financial literacy and boost financial independence.

To steer this programme, Vantage has developed five guiding principles, and has also appointed an ESG ambassador, who will be coordinating the programme and making sure all resources deliver the most impact possible in the areas that people care about most.

Sofiia Starchevska, ESG Ambassador at Vantage, said, “For us, ESG is more than just a framework or an opportunity that companies and investors can jump on. Everyone has a responsibility to contribute to the world we live in in a positive way. We aim to make ESG a part of our daily lives by giving our employees the opportunity to contribute to ESG projects, and ultimately give back to the communities they live in. “

Marc Despallieres, Chief Strategy & Trading Officer at Vantage, said, “We are pleased to have the support of Supercar Blondie, Sofiia, and our employees as we embark on our ESG journey. It was clear that contributing to the world around us is something we really care about and the launch of the ESG programme, together with our collaboration with Alex, is a way to consolidate all these efforts and to encourage participation. The will is definitely there. The battle is just organising and mobilisation. These initiatives are just the start, and we are excited to see what this collective action can achieve.”

For more information about our ESG programme, please visit: https://www.vantagemarkets.com/esg/

About Vantage

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, and Shares.

With more than 10 years of market experience. Vantage now has over 1,000 employees/personnel across more than 30 global offices.

Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and a faster and simpler trading platform that enables clients to take advantage of trading opportunities. Download the Vantage App on App Store or Google Play.

Be empowered to better capitalise on winning market opportunities when you

trade smarter @vantage.

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Latin America’s crypto conquest is driven by consumers needs

51% of consumers in Latin America have already made a transaction with cryptoassets.

Latin Americans desire flexibility and convenience in digital currencies and payments and are seeking more support from their financial institutions.

MIAMI, June 22, 2022 /PRNewswire-HISPANIC PR WIRE/ — The digital payments revolution that began during the pandemic is consolidating and driving Latin American interest in cryptocurrencies. 51% of consumers in the region have already made a transaction with cryptoassets and more than a third say they have made a payment for an everyday purchase with stablecoin, reveals Mastercard’s New Payments Index 2022, a survey conducted between March and April of this year among more than 35,000 people around the world.

The New Payments Index annually evaluates consumer behavior concerning emerging payment methods. In its second edition, the study shows that financial innovation -cryptocurrencies, DeFI solutions, blockchain, NFTs- registers significant activity in the region, with consumers eager to learn more about this ecosystem.

In Latin America, 54% percent of Latino consumers are optimistic about the performance of digital assets as an investment. Meanwhile, two-thirds of Latinos want greater flexibility to use crypto and traditional payment methods interchangeably in their day-to-day operations.

“More and more Latin Americans are showing interest in cryptocurrencies and want solutions that facilitate access to the crypto world. At Mastercard, we are designing these solutions to expand digital inclusion and strengthening alliances that guarantee operability and support”, said Walter Pimenta, executive vice president, Products and Engineering, Mastercard Latin America and the Caribbean.

The survey shows that consumers in Latin America and the Caribbean would feel more confident investing (69%) and making/receiving payments (67%) in cryptocurrencies if they were issued or backed by a trusted organization. Another 82% acknowledge that they would like to have cryptocurrency-related functions available directly from their current financial institution.

Digital payments, convenience and flexibility
Mastercard’s New Payments Index 2022 reveals that 86% of Latino consumers have used at least one emerging payment method in the past year. While 77% of Americans and 74% of Europeans prefer traditional payment methods to newer ones, Latinos are willing to use emerging methods such as biometrics, digital currencies and QR code, in addition to contactless payments.

“The future of payments is already here. Increasingly Latin Americans are turning to technology to conduct their financial transactions and this trend is expected to continue to rise, with an overwhelming 95% planning to use a digital payment method in the coming year and 29% acknowledging having used less cash in the past year”, added Pimenta.

Consumers in the region are familiar with fintechs and open banking, which allows them to conveniently manage their personal finances. Nearly 50% of Latin American consumers already use digital channels for financial activities and 78% of them are interested in flexible payment solutions that allow them, for example, to change the payment date of their bills, especially those with irregular incomes and millennials.

Biometric payments: security and convenience
When deciding which payment method to use, Latinos prioritize security (54%), but also look for the speed that financial technology offers. Biometrics is emerging as an option to find that balance between convenience and security. Three out of four Latinos say that “using biometric technologies for identity and payments is more secure than a PIN, password or another form of identification,” but concerns persist about which entities have access to their data.

People under 40 and millennials are more likely to perceive emerging digital solutions as secure. While they still use them, people who grew up in traditional banking are more wary, which is – for all players in the payments chain – an opportunity to build trust.

To learn more about this year’s New Payments Index, click here to Mastercard’s Newsroom.

About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
www.mastercard.com

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Dragonfly Fintech named finalist for the G20 TechSprint 2022 CBDC Challenge

SINGAPORE, June 20, 2022 /PRNewswire-HISPANIC PR WIRE/ — Dragonfly has won a place in the final round of the third G20 TechSprint global challenge. This year’s challenge focuses on central bank digital currency (CBDC) following Saudi’s 2020 RegTech and SupTech, and Italy’s 2021 Green Finance. This year’s competition is held as part of Indonesia’s G20 presidency which will culminate in the G20 Heads of State and Government Summit to be held in Bali in November 2022.

Dragonfly Fintech is an innovative fintech solution provider utilizing its proprietary blockchain platform to address clients’ unmet digital needs in the banking and capital markets, advancing the nascent neobanking industry globally. Tomorrow’s banking is here!

The G20 TechSprint global competition which is jointly organized by Bank Indonesia and Bank of International Settlement Innovation Hub focuses on the development and showcasing of retail and wholesale CBDC as a viable solution in three core areas: issuance, wholesale, retail, and distribution of CBDC; financial inclusion through the use of CBDC; and CBDC as an improved means of interoperability among participating sovereign payment systems.

“We are honored that we have been chosen as a finalist in the issuance, wholesale, retail, and distribution of the CBDC segment. We are about serving the future unmet needs of the industry with innovative blockchain powered solutions. This growth opportunity allows us to illustrate how Dragonfly simplifies digital banking covering the entire spectrum from monetary policy making to wholesale, settlement, and retail distribution in an interoperable system,” comments Lon Wong, Founder and CEO of Singapore-based Dragonfly Fintech.

Dragonfly is also excited about the increased visibility on the world stage as a cutting-edge Asian fintech leader first conceptualized in 2015, and is rapidly expanding its footprint worldwide to engage and support other central banks in making their CBDC vision a reality.

About Dragonfly Fintech

Dragonfly Fintech is an innovative fintech solution provider utilizing the ProximaX blockchain protocol to address clients’ unmet digital needs in the banking and capital markets, advancing the nascent neobanking and CBDC globally. Tomorrow’s banking, today!

For more information, please visit www.dfintech.com

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