Card payment – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 28 Nov 2024 09:58:51 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Card payment – Tech | Business | Economy https://techeconomy.ng 32 32 xMoney Global Appoints Dr Greg Siourounis as CEO to Lead Blockchain Payments Revolution https://techeconomy.ng/xmoney-global-appoints-dr-greg-siourounis-as-ceo-to-lead-blockchain-payments-revolution/ https://techeconomy.ng/xmoney-global-appoints-dr-greg-siourounis-as-ceo-to-lead-blockchain-payments-revolution/#respond Thu, 28 Nov 2024 09:58:51 +0000 https://techeconomy.ng/?p=148464 xMoney Global, the global, inter-bank and cross crypto/fiat integrated payments platform has appointed award-winning economist Dr. Greg Siourounis as co-founder and CEO. 

The company is a Mastercard principal member, with strategic European licenses, such as e-Money and VASP.

As the digital landscape continues to evolve with the coming MiCA regulation, xMoney Global intends to lead Europe into this new transformative EU-regulated stablecoin era. 

Greg Siourounis will lead the integration of xMoney’s advanced blockchain-enabled payments infrastructure with its upcoming stablecoin program.

Stablecoins are a key driver of blockchain adoption in today’s market, now surpassing Bitcoin, remittances, and PayPal in annual transaction volume. 

As such, xMoney’s Global reputation positions it to bridge Web3 innovation with traditional finance, leading Europe into a new transformative EU-regulated stablecoin era.

Dr Greg, who has played a pioneering role in the growth of Sui Foundation as its former Managing Director and who previously founded Everypay, will drive xMoney Global’s next wave of growth. 

Beyond the standard reference of his academic work in 2024’s Nobel Prize in Economics, Dr Greg’s career is also decorated with awards such as the 2005 Young Economist Award from The European Economic Association and the 2008 Austin Robinson Prize from The Royal Economic Society. 

His immediate target will be to focus on partnerships, regulatory alignment and market expansion, as xMoney Global looks to build a comprehensive payments platform that bridges legacy financial systems with the potential of decentralized finance.

Commenting on his appointment, Dr Greg Siourounis, CEO of xMoney Global, said, “As Europe prepares to embrace MiCA regulation, xMoney Global is positioned to redefine what compliant, secure, and seamless digital payments can be. 

“Our goal is to deliver a solid and trusted ecosystem that combines the strengths of traditional finance with the flexibility of blockchain technology to create a future-ready payment experience.”

Beniamin Mincu, Co-founder of MultiversX, said, “xMoney Global’s mission aligns perfectly with the vision of MultiversX to bring scalable and secure blockchain solutions to mainstream finance. This appointment marks a significant step toward building a more inclusive and resilient financial system.”

The launch of xMoney Global aims to offer a next-gen blockchain-as-a-service module backed by its native stablecoin, with key white-labelled services including acquiring, issuing, onramps/offramps and a sticky loyalty program, all backed by MultiversX’s state-of-the-art sharding technology. 

Following the surge in crypto markets after Trump’s pro-crypto Presidential win, xMoney will be ideally placed to accelerate real-world adoption as the easiest way for everyone (consumers, retail and e-commerce) to seamlessly access fiat and cryptocurrencies in an app, card or payment gateway.

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Amex joins Visa and Mastercard to Offer Real-time Feeds via Fyle https://techeconomy.ng/amex-joins-visa-and-mastercard-to-offer-real-time-feeds-via-fyle/ https://techeconomy.ng/amex-joins-visa-and-mastercard-to-offer-real-time-feeds-via-fyle/#respond Tue, 06 Feb 2024 10:15:32 +0000 https://techeconomy.ng/?p=124405
  • New B2B payments collaboration provides Fyle users with even more ways to make payments by issuing American Express virtual Cards. Users can manage payments, expenses, and cash flow easily via virtual Cards. 
  • Fyle, an expense management platform that works with customers’ existing credit cards, today announced a new integration with American Express to offer U.S.

    Business and Corporate Card Members the ability to issue on-demand virtual Cards via the Fyle platform, with built-in controls, and enhanced security.

    To achieve this integration, Fyle is participating in the American Express Sync Commercial Partner Program.

    “We are teaming up with American Express to give our customers access to the control, enhanced security, and cash flow management that come with using an American Express virtual Card, alongside the ability to automate receipt tracking, credit card reconciliation, and expense accounting with Fyle,” said Yashwanth Madhusudhan, Co-Founder & CEO of Fyle. “The integration helps us provide an elevated user experience and more value to our customers.”

    With the integration, Customers with an American Express Business or Corporate Card can issue unlimited virtual Cards linked to their existing physical cards using Fyle. The benefits of issuing virtual Cards are:

    • Establish specific controls for each on-demand virtual Card, including spending limits and expiration dates.
    • Pay suppliers using virtual Cards and take advantage of their American Express billing cycle to manage cash flow for their business until their Card payment is due.
    • Receive real-time transaction data and notifications via text messages to maximize visibility.
    • Automate receipt collection and make reconciliation faster with Fyle’s expense management platform.
    • Pay with enhanced security by enabling employees, freelancers, and subcontractors to make payments on their behalf without sharing their physical Card details.

    [Featured Image Credit]

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