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IndustryUpdate

PARTNERSHIPS providing innovative solutions to manage FX expo-
sure and streamline global payments through Corpay's
award-winning platform. The partnership supports
Flutterwave, Clear Junction team up New Zealand Football's growing international presence,
on cross-border payments including preparations for the 2026 FIFA World Cup,
where the team will compete. Corpay executives empha-
Technology company Flutterwave partnered with Clear sized the alignment with their brand expansion and cur-
Junction to enhance cross-border payments for African rency risk management services in New Zealand, while
remittance customers who are sending money to the UK New Zealand Football CEO Andrew Pragnell noted the
and EU. Leveraging Clear Junction's infrastructure and importance of collaborating with a major financial orga-
expertise in treasury services, Flutterwave can deliver nization.
faster, more reliable and compliant transactions, the
partners stated.
ACQUISITIONS
The service is available via Swap, Flutterwave's currency
exchange platform integrated into the Send App. This Ebury completes acquisition of ArcaPay
collaboration is expected to boost transaction comple-
tion rates, improve satisfaction and advance financial Ebury, a global fintech specializing in international pay-
inclusion. Both companies emphasized their shared ments and FX risk management, completed its acquisi-
commitment to secure, efficient and affordable solutions tion of Vilnius-based ArcaPay, following approval from
that support migrant workers, families and cross-border the Bank of Lithuania. The business will now operate as
trade across Africa and beyond. Ebury Partners Lithuania, strengthening Ebury's pres-
ence in the Baltics and supporting its global expansion
Kuvasz Solutions, comforte strengthen partnership strategy. Founded in 2011, ArcaPay serves over 1,000
SMEs and offers international payments and currency
Kuvasz Solutions, a provider of mission-critical payment risk solutions.
services and HPE Nonstop expertise, and comforte, a
pioneer in data-centric protection, are expanding their The deal provides ArcaPay's clients access to Ebury's full
partnership globally, with an initial focus on North suite of services, while Ebury benefits from ArcaPay's
America. Building on success in Latin America, the col- local expertise and client base. This partnership com-
laboration combines Kuvasz's robust payment solutions bines international scale with regional knowledge to fuel
with comforte's advanced data security to help financial SME growth worldwide.
institutions and fintechs enhance compliance and pro-
tect sensitive data. Leveraging the high-availability HPE Fiserv closes acquisition of AIB Merchant Services
Nonstop platform, the partnership is designed to deliver
secure, scalable, innovative payment services. Executives Fiserv completed the acquisition of the remaining 49.9
from both companies emphasized the synergy, reliabil- percent of AIB Merchant Services (AIBMS), its joint
ity and commitment to extending proven innovations to venture with AIB Group. This move strengthens Fiserv's
meet North America's digital payment demands. growth strategy across Europe and expands opportu-
nities for Clover, its advanced POS system. AIBMS is
MC, NCR Atleos, ITCARD to one of Ireland's largest payment providers and among
enhance contactless at ATMs Europe's top ecommerce acquirers. Under the agree-
ment, AIB Group will continue exclusively referring
Mastercard, in partnership with NCR Atleos and businesses needing card acquiring services to Fiserv.
ITCARD, introduced a breakthrough in ATM withdraw- The acquisition enhances Fiserv's leadership in pay-
als using Consumer Device Cardholder Verification ments and financial technology, aligning with its mis-
Method (CDCVM). This innovation enables consum- sion to deliver innovative, secure and scalable solu-
ers to securely withdraw cash and access services with tions to financial institutions and merchants worldwide
their phone—no PIN or card required. By authenti- through expanded European market presence.
cating through mobile biometrics before tapping the
ATM, transactions become up to 20 percent faster and
more seamless, while maintaining security, the partners APPOINTMENTS
affirmed. In a pilot program in Poland, CDCVM has
been found to reduce friction, align digital-first expec- Recurly appoints Jemima Bowden
tations and simplify everyday financial interactions.
Deployment is planned across global markets by 2026. Jemima Bowden was named Recurly's first chief human
resources officer, bringing to Recurly more than 20 years
New Zealand Football selects Corpay of leadership in scaling global technology and SaaS
companies. Most recently CHRO at Quorum Software,
Corpay's Cross-Border business was named the Official Bowden is recognized for building high-performing
Foreign Exchange Partner of New Zealand Football, teams and fostering inclusive, thriving workplace cul-

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