Ceevo Bridges the International Payments Gap for Europe

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New Ceevo product allows European merchants easy access to simplified payments solutions along with the company’s global expertise to sell beyond their borders


Media OutReach – July 02, 2020 –
Ceevo today announces the launch of its
automated-onboarding (AOB) payment gateway solution across Europe, offering
local merchants a fast and simple plug-and-play payments solution. Find out how
we can help them capitalise on growing cross-border ecommerce opportunities at www.ceevo.com.


Supported by
the company’s international reach and financial and technological expertise,
Ceevo handles all the complexity of international payments including security,
regulations, and a vast range of payment options so merchants can focus on
growing their businesses. 

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The Payment
Challenges of Cross-border Ecommerce in Eastern Europe

While Eastern
Europe is one of the fastest growing ecommerce markets on the continent,
growing at a steady rate of 10.3% year-on-year, the region’s merchants remain
hugely underserved: many international providers are yet to actively target the
region, and domestic players are unable to provide the right solutions and
services to support businesses with international ambitions. 


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solutions are tailored to meet the specific needs of merchants looking to
process online payment transactions for their customers in the EU (European
Union) and international markets. While the Ceevo solution is available to all
European merchants, Ceevo believes that Eastern European merchants are
particularly underserved and that its solution will bridge the payments gap for
these merchants who are keen to expand out of their homegrown markets.


A recent Ceevo survey
of small online retailers in East Europe revealed that the top two concerns for
small online retailers payments are security (42%) and cash flow
management (21%), while unaccepted payment methods (30%) is cited as the most
frequent problem experienced at checkout.


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Moreover, 32.5%
of respondents also stated that most of their sales were made cross-channel and
via marketplaces like Amazon and eBay. The top three concerns for these
businesses in cross-border payments are currency and payment processes and
adapting to real-time exchange rates (25%), customer support and service
(24.17%) and reconciling payments from other countries (23%). Respondents also
cited the integration of digital payments and the challenges of keeping up with
rapidly evolving consumer trends, along with complex EU regulations, as
barriers to exploring opportunities for growth outside their home
markets. The Ceevo automated onboarding and payment gateway solution  incorporates the latest technology tools to
address these concerns and provides merchants with a seamless solution to
participate in the digital economy.


Philip Meyer, Group CEO of Ceevo said, “Inevitably, many small online retailers are missing out on
the opportunity to sell their goods and services internationally and are
therefore unable to scale their businesses if they are not able to accept
payments from any prospective customers. The reality for small businesses is
that they’re worrying about payment technology when they should be focused on
running their businesses – something we felt was very important to address by
providing a user-friendly solution which caters for local languages and rapid

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Ceevo –
Empowering Businesses to Accept Almost Any Type of Payment from Anywhere

Ceevo has
tailored its payments solutions to directly address the challenges faced by
these businesses. It offers fast and automated onboarding without additional
compliance overheads, self-service support that includes public documentation
and a customer support section to help merchants troubleshoot payment issues.
Ceevo also provides intuitive dashboards that enable easier multi-channel
management to have your business operating soonest.


Philip Meyer further
commented, “With Ceevo payments we want to empower merchants to sell to all
their potential customers across the EU markets and beyond. We want to be a
champion for small businesses and enable them, through our services, to focus
on the things that matter instead of the confusing world of payments. Our
solutions will make it easier for customers to accept payments from anybody, in
any currency, from anywhere in the world without needing legal or technical
expertise. We look forward to partnering with more types of merchants than ever
before and supporting the next wave of businesses fueling growth in Europe and
the rest of the world.”


Ceevo is a new
product launched by the Ceevo Group – formerly known as Net1’s International
Payments Group, comprising of Transact24 and MasterPayment. The Ceevo Group is
a leading international payment services provider offering payment processing,
credit and debit card acquiring, transaction security and regulatory compliance
services. It is a subsidiary of NASDAQ-listed international financial
technology solutions provider, Net1 UEPS Technologies Inc (NasdaqGS: UEPS, JSE:

About Ceevo

The Ceevo Group specialises in international
payment service solutions that empower businesses to accept almost any type of
payment from anywhere in the world.


The Ceevo Group comprises of the following
entities (which all form part of the “Ceevo” brand): Ceevo Financial Services
(Malta) Limited; Ceevo Blockchain Ventures Limited; Transact24 Limited;
Transact24 (UK) Limited; Transact24 LLC; and Masterpayment GmbH and its
subsidiary companies (Summit Payment Services AG and Masterpayment Limited).
Ceevo Financial Services (Malta) Limited (Registration Number: C36102 ) is
authorised and regulated by the Malta Financial Services Authority (MFSA) and
Transact24 (UK) Limited is authorised and regulated by the Financial Conduct
Authority (FCA) of the United Kingdom (Register Reference Number: 900538).
Ceevo is backed by the experience and technology of its parent company Net1
UEPS Technologies Inc. (NasdaqGS: UEPS, JSE: NT1). For more information, visit www.ceevo.com

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Ceevo Bridges the International Payments Gap for Europe

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Singapore Employees Lack Retirement Support From Companies While Financial Wellbeing Becomes a Top Priority: Aon Survey

SINGAPORE - Media OutReach - 14 April 2021 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the findings of the 2021 Trends in Retirement & Financial Wellbeing survey for Singapore.

Working adults in Singapore ranked retirement planning as their top priority but an alarming 80% underestimate how much they really need to retire. While retirement support from employers is also lacking, further challenges remain around transparency in group retirement plans' investment offerings and employees foregoing long-term perspectives to seek short-term gains.

Ashley Palmer, Regional Managing Partner, Retirement & Investments, Asia for Aon, said, ""Employers can have a significant impact on how much their employees save by instilling smart habits and healthy money behaviours. The right long-term savings vehicles, effective communications and financial tools will help Singapore's workforce be more financially resilient in the wake of the COVID-19 pandemic."

The survey identifies three main themes in financial wellbeing and retirement support for Singapore employees.

Financial wellbeing support is the new employee expectation. As a result, close to 40% of employers rank an employee financial wellbeing strategy as their highest priority, followed by emotional and mental wellbeing support. The survey shows that 70% of Singapore employers will formulate or execute financial wellbeing programmes throughout 2021, in line with employee expectations. Companies also view offering a financial wellbeing programme critical in increasing employee engagement and remaining competitive in the talent market.

There is an increasing trend of employer-led supplementary savings plans. Currently, 22% of companies surveyed offer Central Provident Fund (CPF) top-up contributions to citizens and Permanent Residents. But, close to 40% of the working population in Singapore are foreigners who do not have access to CPF and are likely to have foregone their retirement benefits in their home countries. To bridge this gap, and to provide equitable retirement benefits to all employee groups, close to 50% of the organisations surveyed offer supplementary retirement benefits to their foreign staff. Financial services firms are leading in this practice, followed by the technology and the healthcare sectors.

Promisingly, a third of organisations in Singapore are prioritising a thorough review of their supplementary retirement arrangements in 2021.

Alicia Brittain, Senior Consultant & Actuary, Retirement & Investments, Singapore for Aon, said, "Forward-looking companies first need to understand the financial worries of their employees and identify the gaps in their benefits offering. The most effective approaches are aimed at changing individual behaviours towards money and savings and providing accessible programmes and vehicles to deliver sustainable change. For example, when organisations provide retirement benefits as cash-in-lieu, it is most likely immediately spent and so does not form part of an emergency fund or long-term savings for the employees' retirement years. Supplementary retirement plans solve this issue and are more flexible and cost effective - and can also offer contributions above the monthly CPF wage cap to increase employee savings."

Employees in Singapore lack a well-defined default investment strategy. Less than 30% of the surveyed companies in Singapore currently offer their employees an investment choice in their retirement plans, and only 15% of retirement plans have a default investment fund. This leads to employees selecting their own optimal investment funds. They may lack experience in understanding investments, which can lead to misallocating their money and result in inadequate retirement savings or excessive risk taking.

Brittain added, "The key to protecting employees and adding value to savings in any defined contribution retirement plan is a well-defined default investment strategy. This includes frequent performance monitoring, actively managing investment risks and dynamically reducing investment risk as employees move towards retirement."

Notes to Editors

The Aon 2021 Trends in Retirement & Financial Wellbeing for Singapore survey was designed to help organisations understand the unique retirement and financial needs of their Singapore workforce. This tri-annual survey was completed by organisations with employee populations ranging from five to over 4,000 and are based in Singapore. Responding Rewards and Benefits Leaders, HR and Finance Professionals provided feedback and insight on their organisations' financial wellbeing and retirement programmes, interests and concerns. Click here for the full report.

About Aon

Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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Ceevo Bridges the International Payments Gap for Europe - Brand Spur
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