Instant Payments

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UK attitudes to payment: New report reveals some shocks

05 Jul 22 @ 09:30

A new report into UK consumer attitudes to payments by European payment services experts Transact Payments has revealed some results which, according to CEO Kriya Patel, “will surprise even seasoned... read more

MENA goes cashless – but is consistency still an issue?

28 Jun 22 @ 16:36

The Middle East and North Africa (MENA) region is on a path similar to the rest of the world: declining cash use and increasingly sophisticated electronic payments. However, this simple... read more

European banks show excellent COVID recovery and record profits

28 Jun 22 @ 12:59

European banks reported their second-highest profits in 15 years as the sector overcame the tumul­tuous conditions created by the coronavirus pandemic. The strong performance was driven by the lowest level... read more

Interac e-Transfers surpasses 1 billion transactions in the last 12 months

17 Jun 22 @ 09:24

Interac says that Canadians have reached a money movement milestone.  Interac e-Transfer usage has crossed a new threshold, reaching more than 1 billion transactions over a 12-month period for the... read more

What the staggered implementation of ISO 20022 means for financial services firms

15 Jun 22 @ 17:07

November 2022 marks the point of migration for some of the top global payment infrastructures to ISO 20022, an international standard for exchanging electronic messages between financial institutions, covering cards,... read more

P27 nears live testing with banks integrated into Swish

10 Jun 22 @ 12:44

After nearly two years of painstaking implementation, P27 will soon be ready to transition from working with prospective participants to actual customers. Instant payments are at the top of P27’s... read more

M2020 Live: Open Banking payments will become most popular payment method

07 Jun 22 @ 15:54

Nuapay has released new data revealing that 1 in 4 (25%) merchants predict Open Banking payments will become the most popular payment method amongst customers in the next 5 years.... read more

NatWest completes first ‘non-sweeping’ customer payments through VRP

26 May 22 @ 16:33

NatWest Group is the first UK bank to go beyond the requirement for banks to provide Variable Recurring Payments (VRP) for sweeping – the automatic transfer of money between two... read more

Online consumer shopping behaviour: Digital wallets taking over

20 May 22 @ 12:49

Worldline has published a research report which highlights the latest insights in online shopping and digital wallets. The findings show that convenience, payment options, price and ethical concerns are some... read more

CMA clarifies definition of Variable Recurring Payments for Sweeping

20 May 22 @ 12:24

In July 2021, the CMA mandated the use of variable recurring payments (VRPs) as the mechanism for implementing sweeping under item A10 of the Roadmap (the July letter). In the... read more

Interview: RS2 a single platform enabling global commerce

11 May 22 @ 11:53

Headquartered in Europe, RS2 have launched a new service as a global full-service payment provider. We spoke to Radi El Haj, RS2 CEO, to find out what this move means... read more

Merchants see substantial losses from unoptimised payments strategies

10 May 22 @ 17:20

A survey of Senior Payments Professionals has found that merchants across a range of industries are seeing substantial losses as a result of unoptimised payment strategies. In the Great Payments... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more