While the other end of town enjoys regular pay cycles and pontificates about bonus structures, small businesses simply need to be paid on time.

The pace of innovation in meeting customer demand and the shifting economic environment presents a challenge when developing payment technologies.

"We look forward to helping Kiwi businesses enhance their payment experiences and enabling New Zealand market entries for some of our Australian customers."

Corpay addresses border payments and currency risk management. Offering hedging, payment technology, cash flow solutions and exotic currency capabilities

This alliance means that Nexio will now utilise Chargebacks911’s end-to-end dispute management offering, while also reaping results for its merchants.

Having the right technology has become mission-critical for organisations of all sizes in the digital economy.

BidFin, an Australian-based fintech, has launched a recurring revenue funding solution for the Australian technology market.

2Forter has launched Smart Payments, a new offering designed to increase conversion rates and digital commerce revenue. 

Masabi has formed a strategic relationship with Fujitsu Australia to deliver the next phase in ticketing and payment innovation to cities across ANZ.

The agreement will see ACI provide and run Kiwibank's newly installed, full capability Payment Hub: a SaaS solution hosted in the Microsoft Azure cloud.

"Now’s the time to step off that proverbial hamster wheel and assess the many technological innovations that will shape the next decade."

Block, the company behind payment apps including Square, Cash App, Spiral, and TIDAL, is already making the most of Afterpay's buy now, pay later offering.

“The upsizing of this latest round of investment is an important step forward for the company and a strong endorsement of our strategy."

"From these solid statistics, we can infer that the pandemic has triggered more people to dip their toes into the digital economy, which may fully dethrone cash use here in the next three to five years.”

"Merchants will no longer have to contend with multiple logins and other disjointed user experiences for their payment processing," the company states.

The integrations will enable international payment companies and merchants to cater to Indonesian consumers’ preferred payment methods, further growing local sales in the market.

South Africa-based fintech firm Ukheshe Technologies looks set to expand its reach into the Asia Pacific region, thanks to a partnership with card solutions and security firm dzcard.

Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.

The company says it will commit more resources to help business in Australia and New Zealand transform their businesses.

According to Australia Post, it is the fifth postal organisation worldwide to integrate Western Union’s digital money transfer services.

Paytron, a financial services business, has raised $4.35 million in its latest seed funding round, with the money going towards helping SMBs better manage their finances.

"There is no one-size-fits-all approach, and banks cannot create all digital subsidiaries equally. Players capable of achieving long-term growth and profitability today will be tomorrow's fintech-era success stories."

There will be more than 1.4 billion users of facial recognition software used for payments alone in 2025, up from 671 million in 2020.

The reasons for implementing eInvoicing centre on unlocking many benefits for all stakeholders by automating previously manual processes, writes MessageXchange managing director John Delaney.