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IndustryUpdate

RESEARCH Ingenico, Crypto.com offer
seamless crypto payments
Loyalty management market Ingenico and Crypto.com partnered to integrate crypto
to reach $24B+ by 2029 payments into Ingenico's global platform to enable
merchants to accept cryptocurrency and settle funds
The global loyalty management market is projected in local currencies like EUR, GBP, and USD without
to grow from $10 billion in 2023 to over $24 billion currency risk. Powered by Ingenico's merchant wallet
by 2029, driven by evolving customer expectations, and AXIUM Android terminals, this solution simplifies
technological advancements and increased competition, crypto adoption alongside existing payment systems,
ResearchAndMarkets reported. North America leads the partners stated. Consumers, they added, can earn
with mature programs, Europe is experiencing growth rewards through Crypto.com Pay, while merchants
in coalition loyalty platforms, and Asia-Pacific is benefit- gain streamlined services for managing payments. A
ting from rising disposable incomes, researchers found. live pilot will launch in the first quarter of 2025 across
Businesses are focused on personalization, data analyt- regions including the United States, UK and Asia with
ics and seamless digital-physical integration to enhance the aim of normalizing crypto in retail and advancing
customer engagement. Emerging trends include experi- payment innovation.
ential rewards, social media integration and AI-driven
personalization. Despite challenges like fraud and ROI Nium, HyperGuest team up for travel, hospitality
measurement, innovation and adaptability continue to
fuel this market's expansion across diverse industries. Cross-border payments provider Nium partnered with
HyperGuest, a B2B marketplace for travel and hospital-
Payment processing market going strong ity, to enhance payment efficiency, speed and security.
By integrating Nium's virtual card solution, HyperGuest
The payment processing solutions market, valued at will streamline payment workflows, reduce fraud and
$52.1 billion in 2023, is projected to reach $139.7 billion enable faster settlements for hotels and travel partners
by 2032, growing at a CAGR of 11.6 percent, accord- worldwide, the partners stated, adding that Nium's
ing to new research by SNS Insider. This rapid growth real-time issuance in over 20 currencies improves cash
is driven by the shift to ecommerce, increased use of flow and reduces costs for travel distributors and hotels.
digital wallets, and demand for seamless payment solu- They also pointed out that their partnership addresses
tions across platforms like smartphones and wearables, payment inefficiencies in the travel industry, fostering
researchers found. Key factors include rising adoption collaboration and enabling businesses to focus on deliv-
of contactless payments, advancements in AI and block- ering exceptional guest experiences in a digital-first era.
chain technology, and global regulations like Europe's
PSD2 that enhance payment security. COVID-19 accel- North, PXP Financial team up
erated digital payment adoption, fueling innovation in
fintech, subscription services and peer-to-peer payment PXP Financial, a provider of global payment and fraud
systems, researchers added. services, partnered with North, a leading payment tech-
nology provider, to expand acquiring connections in the
PARTNERSHIPS United States. This collaboration enhances PXP's offer-
ings by integrating North's innovative solutions for POS,
ecommerce and APIs. The partnership supports PXP's
ConnexPay, Shift4 to streamline U.S. growth strategy and commitment to seamless,
payments in Europe secure payment options for clients across industries.
With expertise in regulatory compliance and advanced
Shift4, a global payments provider, partnered with features like fraud prevention, PXP processes over €23
ConnexPay to enhance payment solutions for online billion (US$24.26 billion) annually through its unified
travel agencies and hospitality businesses in the UK payments platform. North's capabilities complement
and EU. ConnexPay is integrating its payment issuance PXP's mission to drive innovation and growth for their
capabilities with Shift4's advanced processing platform clients.
to offer merchants next-day settlement and real-time
virtual card issuance. This unified system, the partners Travelex begins ATM tech refresh with NCR Atleos
stated, simplifies operations by merging customer pay-
ments (PayIn) with supplier payouts (PayOut), improv- Foreign exchange brand Travelex upgraded its net-
ing cash flow and reconciliation. The partnership lever- work of 600 ATMs across eight countries with NCR
ages Shift4's expertise and ConnexPay's flexible platform Atleos' SelfServ range and Vision software. The refresh
to scale operations, driving growth and efficiency in the introduces innovative features like contactless cash
travel and hospitality industries across Europe, they withdrawals using NFC-enabled devices, touch screens
added. and barcode readers, which enhance customer con-
venience, the partners stated. The modernization also
streamlines operations and expands secure, reliable
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