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IndustryUpdate

offering improved operational efficiency, streamlined tances to be deposited directly into local bank accounts,
processes and better commercial terms. By integrating fostering local investment and sustainable development,
Ryft’s end-to-end payment solution, which includes high the foundation noted, adding that this infrastructure
acceptance rates, support for Apple Pay and Google Pay, could serve as a global model for supporting under-
and advanced fraud prevention tools, Future Ticketing banked communities.
ensures that its customers can receive payments quickly
and access superior customer support for payment- Swoop, Enable to offer ISOs white-label financing
related issues, the partners added. Both companies plan
to collaborate further to enhance the user experience and Swoop Finance and Enable formed a strategic partner-
operational efficiency in the ticketing industry. ship to provide white-label financing solutions for ISOs.
This collaboration enables ISOs to offer branded POS
Interledger, People's Clearinghouse financing options to their merchant clients, addressing
building payments pathway the growing consumer demand for flexible payment
methods, the partners stated. Enable’s white-label plat-
The Interledger Foundation, dedicated to creating an form, now available through Swoop Finance’s partner
open, interoperable payment network, partnered with network, allows ISOs to launch financing solutions
the People’s Clearinghouse to enhance cross-border without needing extensive infrastructure or multiple
payment infrastructure between the United States and lender integrations, expanding access to POS financing
Mexico. This collaboration aims to empower rural com- technology, making it easier for ISOs to enter this mar-
munity banks in Mexico by enabling them to directly ket. George Csahiouni, CEO of Swoop Finance, empha-
receive remittances, which are now dominated by pri- sized that this collaboration equips ISOs with a powerful
vate services that impose high fees and delays, the tool to meet evolving consumer needs and stay com-
partners said. The project will initially focus on 140 com- petitive. The partnership was showcased at the Midwest
munity banks in the Mexican Association of Social Sector Acquirer's Association show, where the importance of
Credit Unions, using the Interledger Protocol to facilitate embedded finance in enhancing merchant conversions
seamless money transfers. By bypassing traditional and loyalty was discussed.
money transfer services, the initiative will allow remit-

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