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IndustryUpdate

have increased spending on streaming services, and 17 account (A2A) payment infrastructure provider based
percent are spending more on travel. Few respondents in Europe, to power pay by bank transfer capabilities
reported ending discretionary spending altogether: 7 for Flutterwave's platform. A2A payments are a fast and
percent eliminated spending on streaming services, for secure way to move money between bank accounts, and
example. open banking-powered A2A payments do not require
registration or error-prone data entry, making them a
PARTNERSHIPS seamless payment method, the partners stated.

End-users authenticate A2A payments directly with
Amazon Pay adds Affirm checkout their bank for a frictionless experience that also delivers
higher success rates than market standards; plus, A2A
Amazon and Affirm revealed that eligible U.S. merchants payments cost merchants less than traditional payment
offering Amazon Pay can now seamlessly add Affirm's methods and settle instantly, they noted.
Adaptive Checkout as a payment option. This brings
Affirm's pay-over-time technology to Amazon Pay's sim- Nuvei, OnBuy extend ecommerce partnership
ple, secure payment solution, Affirm stated. Merchants
using Affirm have reported 60 percent higher average Nuvei Corp. said it extended its partnership with online
order values when compared to other payment methods, marketplace OnBuy to support the ecommerce plat-
Affirm added, noting it can also increase customer loyal- form's ambitious plans for 2023. OnBuy launched its
ty, as approximately 88 percent of Affirm purchases are integration of Nuvei for Platforms, an integrated solu-
from repeat Affirm users. Affirm's Adaptive Checkout tion for marketplaces, in 2022.
offers bi-weekly and monthly pay-over-time options at
checkout. Nuvei for Platforms, the partners noted, provides access
to enterprise-level payments solutions to small and mid-
Flutterwave, Token.io team up size businesses by packaging the complete functionality
of Nuvei's core modular platform into a single seamless
Flutterwave, a payments technology company based integration. This includes merchant onboarding, pay-ins
in Africa, collaborated with Token.io, an account-to-

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