UK FinTech DNA Payments has expanded its portfolio of POS alternative payment methods by introducing Alipay+, a suite of cross-border mobile payment and digitalisation technology solutions operated by Ant International.
This launch enables over 50,000 UK merchants using DNA Payments’ POS terminals to accept direct payments from global tourists, particularly from Asia, with ease. This advancement benefits sectors such as hospitality, tourism, and travel. At launch, users of 14 Alipay+ partner e-wallets can make mobile payments at hospitality merchants including Boisdale restaurant group, Lochside House Hotel Spa & Lodges, and Durrants Hotel during an initial pilot scheme set for completion in June.
Consumers can simply scan a QR code displayed on a DNA Payments’ POS terminal to complete their transactions using their mobile payment apps. This seamless process enhances the buying experience for international visitors to the UK and allows merchants to better engage with their customers through DNA Payments’ POS solutions.
Among the 14 e-wallets and banking apps partnering with Alipay+ at launch are Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), MPay (Macao SAR, China), Touch ’n Go eWallet and MyPB by Public Bank Berhad (Malaysia), Hipay (Mongolia), GCash (The Philippines), OCBC Digital and Changi Pay (Singapore), TrueMoney (Thailand), Tinaba (Italy), and Kakao Pay, Naver Pay, and Toss Pay (South Korea).
Introduced by Ant International, Alipay+ offers worldwide coverage, connecting 88 million merchants with over 25 e-wallets and banking apps globally. It provides a smooth and secure payment experience with access to promotions, benefits, and services from merchants around the world.
DNA Payments CEO JP LIPS said, “The UK is a popular destination with Asian visitors for leisure, study, or work, who prefer to pay in ways they are familiar with. Retailers, F&B companies, and hospitality businesses can materially increase their sales by accepting international e-wallets like Alipay, MPay and TrueMoney. Our role as DNA Payments is to make this as easy as possible for businesses of all sizes – with no extra terminal, tracking all payment methods through one portal, seamless funding, and settlement. And we facilitate the registration of Alipay+ automatically for our clients, enabling simple unified payments.”
Pietro Candela, General Manager of Europe at Alipay+, commented, “We’re delighted to partner with DNA Payments to enable businesses of all sizes to access the Alipay+ suite of cross-border payment and tech solutions, enabling them to easily receive direct payments from international visitors to the UK, particularly in sectors including hospitality, travel and tourism.”
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![Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”](https://fintech.global/wp-content/uploads/2024/04/rupixen-Q59HmzK38eQ-unsplash-2-218x150.jpg "Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK")
