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The regulatory year in review – and what’s next in 2022…

16 Dec 21 @ 15:43

As payments go digital and new methods such as Account to Account (A2A), crypto and Buy Now Pay Later (BNPL) rocket in popularity, regulators are struggling to keep up with... read more

AML warnings raised at a third of UK EMIs as ‘major gateway’ for illicit funds

15 Dec 21 @ 10:04

Anti Money Laundering (AML) red flags have been indicated at more than a third of UK-licensed electronic money institutions (EMIs), according to Transparency International UK. Transparency International UK warned in... read more

JCB expands partnership with Planet for European merchants

15 Dec 21 @ 09:15

JCB International and Planet have announced the expansion of their European partnership. This new deal ensures Planet will perform as a JCB acquirer across European territories for both face-to-face and... read more

Mobile money transaction to exceed $870 billion in emerging markets

14 Dec 21 @ 15:35

A new study has found that the total value of mobile money transactions in emerging markets will exceed $870 billion in 2026, up from $555 billion in 2021, representing growth... read more

The FCA sets final rules and guidance to Strong Customer Authentication (SCA)

14 Dec 21 @ 15:14

The UK Financial Conduct Authority (FCA) has recently published its policy statement PS21/19 which sets out amendments to the UK SCA-RTS. The Policy Statement sets out final rule changes, as... read more

BdF, SNB and BIS complete Project Jura cross-border wCBDC experiment

13 Dec 21 @ 11:05

Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have successfully completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.... read more

Infographic: The growth and future of mobile commerce

13 Dec 21 @ 10:32

In 2021, e-commerce growth as a digital category is being driven largely by mobile commerce. In fact, eMarketer estimates (via Statista) that in 2021, mobile will make up about 73% of all e-commerce sales;... read more

UK’s GCHQ raises fears of China’s digital renminbi project

13 Dec 21 @ 09:40

The UK signals intelligence agency GCHQ has warned that China’s digital renminbi, risks becoming a tool to surveil users and exert control over global currency transactions. In an interview with... read more

Taking stock of new tech: where is the FinTech industry now?

10 Dec 21 @ 10:18

In Q4 of 2021, FinTech Connect surveyed 100+ FinTech Leads from across the entire FinTech ecosystem to find out more about what are the challenges and opportunities currently presented within... read more

Bitcoin mining recovers from Chinese crackdown to reach new highs

10 Dec 21 @ 09:28

Bitcoin mining has jumped close to its all-time high as cryptocurrency miners shift their operations to new countries following the crackdown in China. The bitcoin hash-rate, a measure of how... read more

SWIFT’s ISO 20022 services for cross-border payments ready for customer testing

10 Dec 21 @ 09:00

SWIFT announced the availability of its new In-flow Translation service and confirms that it now offers a full ISO 20022 customer testing environment for cross-border payments. In-flow Translation will enable... read more

Payments Cards & Mobile Jobs of the Week

10 Dec 21 @ 08:03

If you’re on the job hunt this side of Christmas, we want to do what we can to help. We know how busy this time of year can be, and... read more

Meta’s Novi payments now available through WhatsApp

09 Dec 21 @ 16:26

Meta’s cryptocurrency wallet, Novi, will now allow users to send and receive money through WhatsApp. The pilot program is open to a limited number of people in the US, Stephane Kasriel,... read more

Hong Kong heads towards cashless – Digital payments booming

09 Dec 21 @ 11:04

Hong Kong is heading towards being cashless as paper money and coins account for no more than 1.6% of POS transactions by 2024, the lowest in the Asia-Pacific region, and... read more

UK CBDC – Threat or Opportunity for payments industry?

09 Dec 21 @ 10:36

The transition to electronic money continues at pace and has been accelerated by Covid-19. The Bank of England (the Bank) reports that around 95% of the funds that people hold... read more

Visa deepens relationship with crypto and launches advisory service

08 Dec 21 @ 17:45

Visa is doubling down on it investments into crypto by launching new consulting and advisory service to help its clients navigate the world of cryptocurrencies. It announced its crypto advisory... read more

Commercial card payments reach 10% of global card payments

08 Dec 21 @ 12:35

Fuelled by dynamic integrated technology innovation, seamless regulatory compliance and enhanced value added services, businesses can generate operational advantages, achieve process improvements, and lower costs through the new generation of... read more

Merchant Services: Taking the $100 billion opportunity before it’s too late

08 Dec 21 @ 09:26

In their 2021 Global Payments Report, McKinsey and Company identify[1] an $100 billion opportunity to provide small and medium enterprises (SMEs) with new payments services. By offering value-added services to... 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