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IndustryUpdate

Paysafe waives certain fees,
heralds brand ambassador
Specialized payments platform Paysafe launched a cam-
paign in the United States that will see it waive $1 mil-
lion of collective processing fees for small and midsize
businesses (SMBs) that sign up with Paysafe as new cus-
tomers. The initiative, Paysafe said, recognizes the tough
climate many smaller retailers have been navigating due
to the COVID-19 pandemic and underscores its com-
mitment to support their future growth. Emphasizing
Paysafe's focus on the long-term success of SMB retail-
ers, the campaign's launch was timed to coincide with
ANNOUNCEMENTS National Small Business Week, Sept. 13 to 15.
In other company news, Paysafe revealed that Diego
BHMI joins U.S. Payments Forum Boneta signed on as the first U.S. brand ambassador
for Skrill Money Transfer. Mexican-born Boneta is the
Enterprise software applications provider BHMI official- star of Netflix's hit Spanish-language musical biopic
ly joined the U.S. Payments Forum. As a national, cross- Luis Miguel. The Series will represent the international
body organization focused on key issues impacting the money transfer service in an upcoming TV, social media
payments industry, the U.S. Payments Forum promotes and PR campaign showcasing the importance of fam-
the efficient, effective introduction of new and emerging ily and staying connected. The digital wallet's transfer
payments technologies across the country. As a member, service allows customers across the continental United
BHMI will support the organization's efforts to collabo- States to easily send funds to friends and family over-
rate with fellow payments industry stakeholders helping seas, including to Boneta's native Mexico as well as
enhance the successful implementation, adoption and Spain, Portugal, and 25 other Asian and European coun-
security of these technologies. tries, Paysafe said.

IDC recognizes CSI as a Top Fintech Provider Unbanked receives Visa Ready certification
Computer Services Inc., which specializes in end-to- Unbanked, a fintech provider that connects tradition-
end fintech and regtech solutions, was named by IDC al enterprise and banking systems with blockchain,
Financial Insights to its 2021 IDC FinTech Rankings for reported that it is now certified as a Visa Ready partner
the 10th consecutive year. The annual ranking highlights for Program Management within the Visa Fast Track
the top 100 global technology providers in the industry. Program. Unbanked was approved in 2020 as a Fast
The providers named this year are proven industry lead- Track Enablement Partner and. With this VISA Ready
ers based on their ability to accelerate their customers' certification, it plans to expand its capabilities to its suite
digital transformation initiatives, IDC stated. Rising two of partners. Unbanked said its partners are given a seam-
spots in this year's ranking, CSI appears 58th on the list. less way for their customers to interact with cryptocur-
CSI provides an enhanced banking experience through rencies, using linked debit cards and bank accounts that
core processing, digital banking, payment services, IT can act as an easy gateway from dollars to cryptocur-
management, regulatory compliance and document dis- rencies.
tribution solutions.

PAX adopts 'Empowering Digital Payments' slogan RESEARCH

To demonstrate how it has embraced the monumental
shifts in the payments industry, PAX Technology revealed Emerging markets lead mobile wallet growth
that it changed its company slogan to Empowering A new study of mobile wallets released by payments
Digital Payments. "This change not only reflects PAX's fintech Boku, with data from Juniper Research, revealed
position as an innovator," said Andy Chau, chief execu- that Europe will be home to four of the ten fastest-
tive officer for PAX. "It showcases how PAX will con- growing countries for mobile payment transactions by
tinue to believe in empowering all merchants, large and 2025: Russia, Germany, Portugal and Sweden. Africa,
small, with the power of digital payments and the ben- the Middle East and Latin America are the markets set
efit of omnichannel commerce solutions." to grow most significantly by 2025, researchers found.

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