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Future of Banking: The need to strike balance between technology and risk mitigation

11 Feb 20 @ 19:49

Technology and data advances will enable banks to provide customers with a hyper-personalised largely automated service within the next decade, replacing the traditional retail products-based approach. But the extent of... read more

Contactless payment transactions to reach $6 trillion 2024

11 Feb 20 @ 19:31

New data forecasts that global contactless payment transaction values will reach nearly $6 trillion in 2024, up from $2 trillion in 2020. The data found that this increase will be... read more

WhatsApp Pay sets sights on national roll-out in India

10 Feb 20 @ 17:10

The National Payments Corporation of India (NPCI) has granted permission to WhatsApp Pay, which will cater to 10 million users in India, close to two years after the company’s pilot run.... read more

Visa planning big changes to its interchange fee structure

05 Feb 20 @ 17:00

Visa is reported to be planning a complete overhaul of its interchange fee structure that merchants pay to accept its cards, hoping to persuade more people to abandon checks and... read more

European card payments growth slows to 2.7% as digital payments start to bite

04 Feb 20 @ 10:14

Independent research conducted for the Digital and Card Payments Yearbooks suggests that account-to-account digital payments may be starting to replace card payments in some of the world’s most advanced payments... read more

Consumers ready for next-generation technology to improve retail experience

04 Feb 20 @ 08:44

Most shoppers are now ready and waiting for retailers to implement innovative payment methods and in-store technologies to improve their shopping experience. These findings are part of a global study... read more

Cashless payments exceed cash transactions in Russia in for the first time

03 Feb 20 @ 16:43

Sberbank has analysed cashless payments in Russia under the SberData project, its big data analytics and processing initiative. For the first time ever, over a half of products and services... read more

Report: The future of payments – Cash survives … for now

29 Jan 20 @ 10:57

When people discuss the future of payments they tend to predict the end of cash. Not only do we think cash will be around for a long time, we see... read more

UK e-commerce market disappoints with low 6.7% growth in 2019

28 Jan 20 @ 16:21

UK e-commerce grew by a low 6.7% last year. This represents an all-time low in terms of growth rate. The discouraging growth rate is especially significant when you compare it... read more

German e-commerce market hits €72.6 billion in 2019

27 Jan 20 @ 10:01

The German e-commerce market  hit highs of €72.6 billion in 2019. This is an increase of 11.6% compared to the previous year’s figure of €65.1 billion including VAT. The growth... read more

New York City makes ruling against stores going cashless

24 Jan 20 @ 16:24

Following on from a ruling in Philadelphia in March 2019 and highlighting just how difficult it will be for society to go completely cashless, New York City Council approved legislation... read more

How the e-commerce market will shape up in 2020

22 Jan 20 @ 18:55

2019 was certainly a memorable year for the FinTech industry with the final implementation of the second Payment Service Directive (PSD2) and Strong Customer Authentication (SCA) continuing to set the... read more

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Wero expands into Austria as Europe’s payments ambitions gather momentum

23 Jun 26 @ 18:52

The European Payments Initiative (EPI) has secured a significant boost to its ambitions of creating a pan-European payments network, with Austria’s largest ba... more

Major UK Banks unite to develop digital verification service

30 Jun 26 @ 07:05

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander UK are working with UK Finance in the development of a voluntary ... more

Legacy infrastructure leaves Banks unprepared for real-time

06 Jul 26 @ 20:34

European banks risk falling behind in the race towards real-time payments and faster securities settlement unless they accelerate investment in automation and m... more