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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Financial inclusion drives traffic at ATMs for cash withdrawals

16 Aug 22 @ 13:25

Customers around the world made 69 billion cash withdrawals in 2021. This marks a small increase on 2020, a year with particularly low demand for cash as COVID-19 lockdowns kept... read more

Tap to Mobile: How micromerchants are adapting to a cashless world

16 Aug 22 @ 12:03

A new white paper from Tietoevry explains how categories of merchants traditionally reliant on cash are now adapting to a cashless world. After COVID-19, Europe’s long and slow decline in... read more

Apple Card: An important lesson in Issuing a digitally native card

12 Aug 22 @ 13:55

When Apple launched its Apple Card credit card in 2019, it was touted as a gamechanger, with the usual levels of simplicity and transparency that users expect from Apple products. Behind the... read more

Russian Central Bank want to eradicate “toxic” foreign currencies from system

12 Aug 22 @ 13:29

The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more

UNCTAD wants action to curb cryptocurrencies in developing countries

12 Aug 22 @ 12:04

Global use of cryptocurrencies has increased exponentially during the COVID-19 pandemic, including in developing countries. While these private digital currencies have rewarded some, and facilitate remittances, they are an unstable... read more

Which countries are most reliant on cash and which are least reliant

11 Aug 22 @ 13:48

Since Merchant Machine’s analysis of the countries most reliant on cash in 2021, countries around the world have seen further changes in their payment methods. In light of this, the research... read more

Reserve Bank of Australia to explore use cases for CBDC

11 Aug 22 @ 13:35

The Reserve Bank of Australia is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC).... read more

Cybercrime and how attackers target the Metaverse

10 Aug 22 @ 12:32

The metaverse is the growing digital realm that uses augmented reality, virtual reality, blockchain, social media, and a host of other technologies to create a vast virtual world. Companies looking... read more

Online marketplaces now responsible for over £280 billion business turnover in UK

10 Aug 22 @ 11:58

New research from Shieldpay and the Centre for Economics and Business Research (Cebr) has found that almost 900,000 (882,900) UK businesses are currently selling on online marketplaces, generating an estimated £282... read more

Remittances sent worldwide jump over 60% to $653 billion

09 Aug 22 @ 13:50

Remittances sent worldwide have increased 64.3% in the past decade, rising from $420.1 billion 10 years ago to $653.4 billion in the last year*, according to research by ACE Money... read more

US sanctions Tornado Cash over systematic money laundering

09 Aug 22 @ 10:29

The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7 billion over the past three years and helped North Korean... read more

Long Read: Payments regulation and the systemic perimeter

08 Aug 22 @ 16:26

On 20 July 2022, HM Treasury published a consultation and call for evidence on the government’s approach to reforms to the payments regulation landscape, including the systemic payments perimeter of the... read more

Cash returns to top of wallet as cost of living starts to bite

08 Aug 22 @ 12:02

UK consumers are switching back to cash in a bid to keep tighter control on their spending as living costs soar, according to new research by the Post Office. Post... read more

Financial firms see huge rise in cryptojacking

05 Aug 22 @ 10:28

Cybersecurity firm SonicWall has released new data that shows that hackers are increasingly targeting financial firms such as banks and trading houses with cryptojacking attacks designed to use their computer... read more

Top 10 European countries for credit card fraud in 2022

05 Aug 22 @ 10:01

Since March 2020, consumer spending habits have changed significantly, and that includes the way we use our credit cards online. Almost immediately, fraudsters tapped into this and found new ways... read more

5 Things Job Seekers Want Right Now

05 Aug 22 @ 09:40

Contrary to (employers’) popularly-held beliefs, pizza parties and free office beers once a month aren’t the benefits that employees yearn for when it comes to what they want from their... read more

Domestic digital money transfer volume to hit 300 billion globally

04 Aug 22 @ 14:57

A new study has found the volume of domestic digital money transfer payments will exceed 300 billion globally for the first time in 2026, from 207 billion in 2022; representing... read more

UK Cryptocurrency laws and digital assets to be given overhaul

04 Aug 22 @ 12:54

The UK is considering the creation of a new category of private property law for digital assets like cryptocurrency which are being used to make payments or represent other assets,... read more

Trending

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