SKUx teams up with Visa to streamline digital payments for merchants

SKUx teams up with Visa to streamline digital payments for merchants
фото показано с : invezz.com

2024-5-17 20:02

SKUx, a digital instant payments startup, and Visa, a global payments giant, have announced a strategic agreement. The partners will work together to support further growth and adoption in the digital payments space.

SKUx announces agreement with Visa

In an announcement on Thursday, SKUx said the collaboration will tap into its payments-based solutions to accelerate digital transformation for merchants and consumer packaged goods (CPG) companies.

The alliance will focus on various use cases, including customer acquisition, loyalty programs and consumer care.

“SKUx is privileged to announce our work with Visa as we expand upon what is already shaping up to be an incredible year of growth in 2024,” SKUx co-founder and president Bobby Tinsley noted in a statement.

SKUx’s blockchain-based technology allows it to offer a multi-patented digital payments ecosystem targeted at the consumer offer industry. The platform’s clients leverage its technology to unlock value worth billions of dollars. 

SKUx transforming consumer payments and incentives

Visa and SKUx will utilise their partnership to allow Visa clients direct access to SKUx, providing merchants with an opportunity to benefit from B2B and B2C payment flows. 

In this case, the startup’s SKUPay technology is changing how clients handle consumer payments and incentives. That’s from delivery, redemption and settlement to reporting.

SKUPay taps into Hedera’s enterprise Distributed Ledger Technology (DLT), enabling users to track payments from issuance to redemption of virtual payments.

As it streamlines the outdated loyalty market, SKUx is taking the physical to digital. This includes for checks, coupons, rebates, and other promotional offers. It’s a process that’s helping merchants, consumer brands and loyalty platforms to solve several industry challenges.

The SKUx team raised an $11 million Series A round in March 2023, bringing its total raise to more than $22 million.

The post SKUx teams up with Visa to streamline digital payments for merchants appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

payments digital skux visa work partners together

Источник: invezz.com

payments digital → Результатов: 126


1X Exchange Lists ETH Security Token, Aggregate Asset Management (AAM), in Singapore

1X crypto exchange is heading to Singapore, where it aims to conquer the market and offer digital asset investors an array of digital token-fiat trade pairs. With plans to concentrate on supporting digital security tokens of private firms, the platform will permit payments made using the local currency. Basically, the exchange is confident that this […]

2019-7-12 20:07


Libra and others that follow it will establish exchange relations with major currencies, says former PBoC Governor

With Bitcoin getting mainstream recognition, there has been a lot of institutional onboarding into digital assets. Giants like Facebook, J. P. Morgan, Amazon, Alibaba, Microsoft, and others from all industrial sectors have started to look towards these assets as something that could potentially help solve problems in existing systems, ranging from payments, transfer of value etc.

2019-7-10 17:30


Xeonbit Tokens Explained In Detail

Xeonbit is one of the first private digital currencies for secure payments guaranteed to provide its holders with security and privacy features that no other network can offer. This unique project offers a top-notch blockchain that uses a special technology called “ring signatures” which shuffles users’ public keys in order to eliminate the possibility to […] The post Xeonbit Tokens Explained In Detail appeared first on NullTX.

2019-7-10 19:41


xRapid User Fleetcor Acquires a Payroll Card Provider; Will This Move Ripple into SMB Territory?

Fleetcor Technologies announced the acquisition of SOLE Financial, a payroll card provider that enables instant and affordable wage access for workers, on July 8. The leading global business payments company will combine SOLE with its existing digital paycard business and increase the overall addressable market for the company. “SOLE is a good strategic fit with […]

2019-7-9 16:45


Blockchain technology ‘not suitable for payments,’ says Bank for International Settlements’ Annual Report

The recent Bank for International Settlements report has stated that cryptocurrency’s backbone, blockchain, might not be “suitable for payment at all. ” Referring to the market’s 2018 crypto-winter when prices fell to new lows, the report stated that regulatory action has a significant impact on digital assets’ valuation, transaction volume, and user base.

2019-7-1 16:00


Фото:

Goldman Sachs might launch its own ‘cryptocurrency’ – just like JP Morgan

American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan. The bank is considering launching its own cryptocurrency. In an interview with French financial newspaper Les Echos today, Goldman Sachs CEO David Solomon said that they are doing extensive research on the concept of “tokenization.

2019-6-29 16:09


Фото:

RippleNet Expands Network in Asia by Adding Korean Payment Group Coinone

SBI-Ripple Asia, a joint venture of SBI Holdings and the United States Ripple company, expands its network in Asia. Coinone Transfer, a payments business and a subsidiary of Coinone, a major digital currency exchange of South Korea, joined RippleNet, a network of institutional payment-providers including banks and money services businesses provided by Ripple.

2019-6-18 15:00


Zilliqa Teams Up With Payments Platform Xfers to Bring Blockchain Benefits to Southeast Asia

Coinspeaker Zilliqa Teams Up With Payments Platform Xfers to Bring Blockchain Benefits to Southeast AsiaPublic blockchain platform Zilliqa announced a partnership with Xfers. This will bring new innovations to Xfers’ enterprise solutions, including support for payments, regulatory compliance, a built-in digital wallet, etc.

2019-6-18 14:10


Remittance Innovation in ASEAN Is Changing Lives for Workers Living Abroad

The Association of Southeast Asian Nations (ASEAN) continues to make its case as one of the world’s most exciting testing grounds for blockchain, cross border payments, and digital assets. Ripple has been part of much of this pioneering work with partners like SBI Remit, CIMB Group, Siam Commercial Bank, Mitsubishi Corporation and Standard Chartered, the … Continued The post Remittance Innovation in ASEAN Is Changing Lives for Workers Living Abroad appeared first on Ripple.

2019-6-20 00:17


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

ENJ price plunges as Coinbase confirms plans to delist Enjin Coin

Leading crypto exchange Coinbase has announced what the market considers the worst news for Enjin Coin (ENJ) enthusiasts. The trading platform confirmed that it will suspend Enjin Coin on 14 June. The update stirred the markets, with many questioning the motive behind Coinbase’s move.