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Revolut RevTag launches to take on Swift cross border dominance

19 Sep 23 @ 11:00

Revolut has announced the launch of RevTag, its instant and free payments ecosystem, to Revolut Business customers. The RevTags feature will enable customers to send and receive instant zero-fee cross-border... read more

Commercial payments offer huge potential…and CAGR of 11.3%

18 Sep 23 @ 16:46

The World Payment Report 2023 Executive Survey results indicate that retail payments comprise 59% of total transaction volume while commercial payments comprise 41%. However, in terms of value, commercial payments make... read more

Merchants accepting digital payments to soar by 2030

18 Sep 23 @ 15:36

According to Data Bridge research, the global market for digital payments acceptance systems is set to grow by 28% by 2030 to reach $53.4 billion. Changing consumer behaviours and technology... read more

EU mandates instant payments from end 2024: early movers to gain advantage

18 Sep 23 @ 14:50

In May 2023, the European Commission published a draft proposal to mandate the use of instant payments for all Euro transactions between member states into and out of the Euro... read more

World Payments Report: Non-cash transactions continue to rise

15 Sep 23 @ 14:42

Non-cash transaction volumes maintained upward momentum as consumers and businesses adopted digital payment schemes. The World Payment Report 2023 estimates suggest that from 2022 to 2027, non-cash transaction volume growth will... read more

Three challenges that could end Elon’s X factor dream

15 Sep 23 @ 13:56

In 1999, a then-unknown Elon Musk purchased the web domain x.com and set about building his vision for an internet-only bank. While said bank didn’t materialise, the site eventually morphed... read more

Half of all UK payments now use debit cards

15 Sep 23 @ 09:53

The total number of UK payments (consumer and business) in the UK last year increased to 45.7 billion, up from 40.4 billion in 2021. Payments made by businesses accounted for... read more

UK cash usage reverses downward trend in latest data

14 Sep 23 @ 14:58

Consumer cash payments increased by 8% to 6.3 billion payments in 2022. This was the first-time cash transactions grew since 2012. Although cash payments are still more than 30% below... read more

Banks planning and engagement with Metaverse falls away

13 Sep 23 @ 16:59

In a new Global Benchmark for Sustainable Banking report it examines the key trends, opportunities and challenges presented by the adoption of key emerging technologies such as cybersecurity technologies, machine... read more

Three central banks currently testing Swift CBDC connector

13 Sep 23 @ 16:34

Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its solution for interlinking CBDCs.... read more

Debit cards top of wallet for Point of Sale payments

12 Sep 23 @ 16:51

Whether consumers have swiped, tapped, dipped, waved a wrist or held a device near a card reader at a retail location in recent months, the chances are good that they’ve... read more

The cyber crime ecosystem – Ransomware and extortion

12 Sep 23 @ 16:20

In 2017, the National Cyber Security Centre (NCSC) published a detailed report examining the cyber crime business model – this report has been updated in 2023. Since 2017, the growth... read more

Decentralized Finance market to reach $497.9 billion by 2032

11 Sep 23 @ 16:57

The global decentralized finance market was valued at $13.8 billion in 2022, and is projected to reach $497.9 billion by 2032, growing at a CAGR of 43.4% from 2023 to... read more

Europol Report: An analysis of financial and economic crime

11 Sep 23 @ 15:00

Serious and organised crime continues to threaten the internal security of the EU says a new report: The Other Side of the Coin: An Analysis of Financial and Economic Crime.... read more

Why soft POS is taking over global acquiring

11 Sep 23 @ 11:45

A new white paper from RS2 says soft POS solutions installed on mobile phones, tablets and bespoke devices will become increasingly significant in the global acquiring market. As more merchants adopt... read more

US Watchdog eyes Google Pay and Apple Pay market access

08 Sep 23 @ 16:10

The Consumer Financial Protection Bureau, one of the US government’s top consumer watchdogs, has warned tech giants about being overly restrictive in access to payments apps, a direct threat to... read more

Biannual Threats Report: Emerging fraud schemes in retail and e-commerce

08 Sep 23 @ 15:40

Visa has released the Fall 2023 edition of its Biannual Threats Report which highlights emerging fraud schemes targeting the global economy. This edition showcases a significant rise of phishing schemes... read more

10 emerging tech job titles for 2023 and beyond

08 Sep 23 @ 09:22

Experts at the Institute for the Future say that about 85 percent of the jobs that today’s university students will have in 2030 simply haven’t been invented yet. New jobs... read more

Trending

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