Ex-Bolt executive lands new post

Maju Kuruvilla, the former CEO of checkout tech giant Bolt, has joined the Australian fintech firm Hello Clever as company president. This move signals a significant push for Hello Clever as it eyes global expansion into the U.S. and Southeast Asian markets. For retailers, this is a development to watch because Hello Clever represents the next evolution of payment processing. They combine real-time payments, open banking, and automated rewards into a single ecosystem. While traditional credit card processing often leaves merchants waiting days for funds, Hello Clever focuses on instant settlement utilizing 'PayTo' and 'PayID' systems. This ensures businesses get paid immediately while bypassing some of the higher fees associated with traditional credit rails. Kuruvilla’s experience scaling Bolt’s one-click checkout technology will likely be used to streamline how consumers interact with buy-now-pay-later (BNPL) alternatives and instant bank transfers at the point of sale. If your business is looking to reduce transaction friction and improve cash flow, the tools being developed under this new leadership could provide a faster, cheaper alternative to traditional financing and payment gateways.

Source: Banking Dive

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