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IndustryUpdate

lion in 2023. This growth of over 260,000 percent reflects ultrasonic proximity verification solution can be lever-
the early stage of the sector, which is currently limited aged for mobile payment and mobile ticketing scenarios,
to pilot projects, researchers stated. Adoption will be where the high cost of QR code scanners and NFC read-
driven by governments leveraging CBDCs to boost ers can become obsolete with one complete platform
financial inclusion and increase control over how digi- offered by Meep.
tal payments are made, researchers noted, adding that
CBDCs will improve access to digital payments, particu- NPS, GoDaddy partner to help banks
larly in emerging economies where mobile penetration
is significantly higher than banking penetration. Since Nationwide Payment Systems, a GoDaddy premier part-
CBDCs are issued by central banks, they will be closely ner and paytech solutions provider, launched a suite of
targeted to domestic payment challenges initially, with services for banks and credit unions designed to boost
cross-border payments coming later. non-interest revenue. The program enables financial ser-
vice providers to win back market share from dominant
Processor relationships matter for CUs processing brands and capture new revenue streams
by offering merchant services to business customers,
Member Access Processing, a provider of the Visa DPS according to Allen Kopelman, CEO and co-founder of
debit, credit, ATM, prepaid, and mobile processing NPS. "As a premier partner of GoDaddy, we're promot-
platform to credit unions (CUs), released its 2022 MAP ing a bank partnership program that combines best-
Happiness Report, a survey of CU leadership to assess in-class GoDaddy offerings with our suite of merchant
their happiness with their card processing and payment services," Kopelman said. "Our ability to assist with all
solution providers. The report revealed nearly 65 per- types of merchant accounts, including special, hard-to-
cent of CUs stated their card processor is very important place categories, creates a one-stop-shop for merchants."
to their success. Less than 9 percent rated the processor
relationship somewhat unimportant or not important. Pocketbook, Brand target SMBs
Happiness grew significantly from 2021. A majority of
respondents stated they were very happy with their Pocketbook, a white-label embedded financial solution
debit (69.5 percent) and credit (67.1 percent) programs— with branded banking solutions for small and midsize
an 18-point increase for debit and nearly a 17-point businesses (SMBs) and Bond, an embedded finance plat-
increase for credit from 2021. form, devised a digital wallet solution designed to allow
customers to accept payments directly from their own
PARTNERSHIPS branded wallet. Pocketbook said this offers customers an
alternative to expensive, slow, outdated legacy payment
EVO Payments integrates with OVII methods. The new digital wallet uses Bond's Accounts
and ACH APIs to provide a low-risk, low-cost alterna-
EVO Payments Inc., a provider of payment technology tive to card payments that can eat up to 5 percent of a
integrations and acquiring solutions, said it completed merchant's profits per transaction, the partners stated.
its integration with OVVI, an innovative developer of Pocketbook's SMB clients will now be able to offer a
technology for the restaurant, hospitality and retail seamless experience to their customers by embedding
industries, to provide EVO's fast and secure payment an end-to-end white-label digital wallet hosted on the
acceptance solutions to OVVI customers. EVO will client's domain or app, they added.
enable OVVI merchants to accept digital payment trans- Wix, Stripe bring Tap to Pay on iPhone to U.S.
actions in-store and online, utilizing their OVVI point-
of-sale hardware. Customers in the restaurant, hospital- SaaS platform for online platform management Wix.
ity and retail industries will benefit from EVO's seamless com Ltd. extended its partnership with Stripe to bring
integration and reporting solutions, which are EMV and Tap to Pay on iPhone to U.S.-based Wix merchants. This
PCI compliant and support all contact and contactless enables Wix merchants to accept secure, contactless
transactions, including Google Pay, Apple Pay, and payments directly from their iPhones without needing
Samsung Pay, EVO stated. additional hardware, Wix stated. Using the Wix Owner

LISNR, Meep partner on ultrasonic authentication App and a compatible iPhone, merchants can accept and
process contactless payments from contactless credit or
Meep, a provider of mobility-as–a-service (MaaS) in debit cards, Apple Pay, and other digital wallets. Tap
Southern Europe, inked a partnership with proxim- to Pay on iPhone provides an accessible, easy way to
ity verification provider LISNR to enable contactless streamline the payment transaction process and enable
authentications for mobility operators and riders. The merchants to accept payments from anywhere, Wix
relationship between LISNR's contactless proximity noted, adding that this method is a trusted payment
capabilities and Meep's mobile app and platform capa- experience that provides Wix merchants with more
bilities will enable both groups to attract bus, train and flexibility to confidently grow their businesses, build-
transit operators looking for a more robust customer ing upon Wix's robust product offerings that help users
experience, the partners noted, adding that LISNR's manage their business at every touchpoint.

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