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Mercedes pay+: In-car payment and authentication

09 Mar 23 @ 09:51

Mercedes-Benz customers in Germany are now able to authenticate payments via an in-car fingerprint sensor. Mercedes bought PayCash Europe back in 2017 with the intent on launching in-car payments. With... read more

Brazil central banks prepares for digital real CBDC trial

08 Mar 23 @ 18:04

The Central Bank of Brazil will start a CBDC pilot project, aiming to replicate the success of its instant payment system Pix and help further popularise financial services in the... read more

UK consumer spending report

08 Mar 23 @ 17:36

When compared to the same report launched in February 2022, Essential card spending grew by 6.7% in February 2023, driven by Grocery spend growth at 6.6%. Fuel spend grew by 5.0% in February 2023, down from 9.3% in... read more

Instant payment transactions to exceed 235 billion globally by 2027

07 Mar 23 @ 17:45

A study has found that the number of consumer instant payments, any payment outside of a card network that is capable of receiving funds in 10 seconds or under, will... read more

Project Icebreaker concludes experiment for cross-border CBDCs

07 Mar 23 @ 17:28

The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central... read more

UK financial services sector spending £22k per hour fighting fraud

06 Mar 23 @ 17:41

UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This... read more

Japan Metaverse Economic Zone

06 Mar 23 @ 16:43

10 major Japanese Tech and Finance powerhouse have joined together to launch the Japan Metaverse Economic Zone. The companies have signed a basic agreement for the building of an Open... read more

Australian Central Bank starts CBDC project rolling

03 Mar 23 @ 17:54

As previously announced, the Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore potential use cases and economic benefits of... read more

Could Revolut be the next Wirecard?

03 Mar 23 @ 17:38

Just days after announcing that it is at the “finish line” of winning a UK banking licence, and accounts revealed its first annual profit, Revolut could be in serious trouble.... read more

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

Trending

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

Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more