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11 major banks trial blockchain intraday FX swap trial

08 Jun 21 @ 16:18

11 banks have participated in a trial of blockchain based FX intraday swaps. NatWest, Deutsche Bank, Bank of Ireland, Banca Mediolanum and seven other banks participated with $14.5 trillion in combined... read more

Russia’s Mir demonstrates excellent growth – supported by State mandates

03 Jun 21 @ 11:38

Mir – a payment service provider introduced in Russia in late 2015 – is carving a place in the market as a serious provider. Since it launched it managed to... read more

World FinTech Report 2021: The latest update on the global market

26 May 21 @ 16:00

Following on from the World FinTech Report 2020, FinTechs are approaching their next maturity milestone – profitability – as they demonstrated resilience during the COVID-19 pandemic with verticals recording double-digit... read more

Diem drops Swiss license and heads to US for stablecoin trial

14 May 21 @ 10:34

Facebooks cryptocurrency Diem has been forced to abandon plans to gain a license in Switzerland via its financial regulator FINMA and is instead going to set up operations in the... read more

Global smart card market projected to reach $15.7 billion

05 May 21 @ 12:51

The global smart card market size was valued at $10.19 billion in 2019, and is projected to reach $15.57 billion by 2027, growing at a CAGR of 6.2% from 2020... read more

Bank of England announce Central Bank Digital Currency

20 Apr 21 @ 09:22

The Bank of England and HM Treasury have announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC.A CBDC... read more

Payment Systems Regulator names Mastercard in pre-paid card cartel

31 Mar 21 @ 16:11

The Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it states the companies violated antitrust laws, by operating a cartel for... read more

IDEMIA, G+D and NXP launch WLA to offer independent contactless payment standard

16 Mar 21 @ 16:45

Following a 2019 announcement, IDEMIA, G+D and NXP Semiconductors have launched the White Label Alliance (WLA), which responds to growing global demand for next-generation, independent payment solutions for domestic and private-label payment brands. The White... read more

X5 supermarket chain launches Face Pay technology

11 Mar 21 @ 11:05

Russia’s largest food retailer, the X5 Group, has partnered with Visa and Sber to launch Face Pay biometrics at self-service checkout terminals in its stores, the facial recognition payment system may... read more

Diem to launch stablecoin payment solution for institutions, merchants and payment networks

09 Mar 21 @ 09:36

Diem has announced partnership with Fireblocks to launch a new payment solution for institutions, merchants and payment networks, across the global stablecoin and payments system formerly known as libra. The... read more

Commercial card spending predicted to see strong recovery post-COVID-19

25 Feb 21 @ 17:05

European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8% of the total value of card payments. Charge cards, where transactions must be paid... read more

Pandemic prompts UK shoppers to turn their backs on credit and BNPL

23 Feb 21 @ 16:18

New research points to changing payment habits among online shoppers. A European study of 10,000 consumers and 1,000 merchants found that seven out of ten (71%) UK shoppers now prefer... read more

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Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more