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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Silvergate: Beware banks that bet big on crypto

03 Mar 23 @ 17:23

Silvergate, the small time US lender that bet big on crypto, has announced huge losses and may have to wind down according to its annual report, and serves as a... read more

Nexi seals strategic acquiring deal with Banco Sabadell

28 Feb 23 @ 16:09

Nexi and Banco de Sabadell have reached an agreement to establish a long-term acquiring partnership in the Spanish market. According to the terms of the transaction, Nexi will acquire 80%... read more

Klarna losses widen to $1 billion – profitability promised for Q3

28 Feb 23 @ 15:29

Yesterday we reported on Klarna and the company’s success in grabbing major market share in the US and UK – today we see at what cost. The BNPL specialist has... read more

Nordic banking 2023: challenge and opportunity in changing times

28 Feb 23 @ 11:52

As banks look to transform their business for a digital future, high inflation and low economic growth are making investment decisions difficult. Nonetheless, opportunities exist to deliver customer value and... read more

Klarna claims win in mammoth US market

27 Feb 23 @ 18:54

It was only six months ago that Klarna blew up the internet with stories of heavy H1 losses and serious cuts to the work force. Back then one eye-catching headline... read more

ECB: Rollout approach for the digital euro

27 Feb 23 @ 17:43

P2P payments, Online and Offline POS payments and then e-commerce payments should be the order of priorities for the digital euro, the European Central Bank has said in documents published on... read more

IMF sets out framework for effective policies on crypto assets

27 Feb 23 @ 15:07

In early February, the Executive Board of the International Monetary Fund (IMF) discussed a board paper on Elements of Effective Policies for Crypto Assets that provides guidance to IMF member... read more

What effect is inflation having on the payments industry?

24 Feb 23 @ 12:47

Across major economies everywhere, inflation and the current rapid rise in the cost of living is having a profound effect on the way people pay, save and bank, with many... read more

Binance and Ingenico begin cryptocurrency payments in France

24 Feb 23 @ 11:30

Ingenico has signed a strategic partnership with Binance to offer an in-store cryptocurrency payments with the first pilot deployed in France. The partnership is a major step in the adoption... read more

ACH Network moves 30 billion payments – $77 trillion in 2022

22 Feb 23 @ 18:39

The modern ACH Network processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021. “2022 marked the tenth consecutive year in which... read more

Defining fraud: What to “look forward” to in 2023

22 Feb 23 @ 15:14

Fraud is fluid — it is constantly evolving with new tactics to find cracks in a merchant’s defences. In 2023, there are five trends that merchants need to be aware... read more

Banks beginning to engage with the Metaverse

21 Feb 23 @ 18:25

For much of the past few years, if there was a focus on a Web 3.0 technology, it was probably blockchain, with cryptocurrency investments booming and technologies like NFTs promising... read more

International digital remittance to hit 2 billion transactions by 2027

21 Feb 23 @ 17:57

A new study has found the total volume of international digital remittances will exceed 2 billion globally in 2027, from just over 1.1 billion in 2022. It predicts this growth will... read more

Complaints against BNPL firms increase 36%

21 Feb 23 @ 11:18

Complaints to the Financial Ombudsman Service against BNPL firms have jumped 36% over the last three years, highlighting the need to speed up and implement robust regulation of the Buy... read more

Future of Fraud Forecast highlights five fraud threats facing businesses

20 Feb 23 @ 16:38

With fraud expected to surge amid uncertain economic conditions, Experian has released its 2023 Future of Fraud Forecast, which reveals five fraud threats that could prove challenging for consumers and... read more

Bank of Japan starts digital yen pilot

20 Feb 23 @ 13:49

The Bank of Japan (BOJ) has announced that it will begin a pilot for its digital yen with commercial financial institutions commencing in April, the trials are expected to last... read more

Tesco explores sale of Tesco Bank assets

20 Feb 23 @ 13:33

Tesco, the UK’s current biggest retailer, is rumoured to be planning a review into its presence in the UK banking sector in a move that could lead to a sale of... read more

Feature: Easy as PSD 1… 2… 3…or is it?

17 Feb 23 @ 18:15

The EU’s second payment services directive (PSD2) included revolutionary concepts – but also accusations of adding friction for consumers. With the European Commission having closed its public consultation on PSD3,... read more

Trending

Visa launches Intelligence Commerce Connect tool

14 Apr 26 @ 20:03

Visa is stepping up its push into agentic commerce with the launch of Intelligent Commerce Connect, a new tool intended to help businesses plug into AI-driven s... more

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

American Express launches agentic commerce developer kit

16 Apr 26 @ 11:46

American Express is positioning itself early for what could become one of the next major shifts in digital payments: AI agents that do more than recommend produ... more