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Additional $900 billion spent on e-commerce at retailers globally in 2020

15 Apr 21 @ 16:27

As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased through e-commerce channels. According to Mastercard’s latest Recovery Insights report, this amounted... read more

The Kalifa Review: How can the UK consolidate its global leadership

15 Apr 21 @ 15:49

Worldwide, FinTech is hailed as the future of finance. From the evolution of Open Banking platforms to the use of artificial intelligence, FinTech revolutionises the global economy by changing the... read more

Mobile Finance Apps downloads spike 15% to 4.6 billion in 2020

15 Apr 21 @ 15:37

Liftoff has released its annual Mobile Finance Apps Report in partnership with App Annie. The global COVID-19 pandemic drove a year of intense economic uncertainty, and users turned increasingly to... read more

Facial recognition for payments authentication to hit 1.4 billion users

14 Apr 21 @ 15:52

A new study has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020.... read more

Modern bank heists: Financial institutions being held hostage

13 Apr 21 @ 16:53

The modern bank heist has escalated to a hostage situation over the past year. The new goal of attackers is now to hijack a financial institution’s digital infrastructure and to... read more

Leveraging the Dark Web to strengthen internal security

13 Apr 21 @ 16:30

Virtual, underground marketplaces operating on the Dark Web generate billions of dollars worth of illegal business – from selling drugs to stolen credit card data, to intellectual property and more.... read more

Barclays discontinue mobile wallet Pingit – another one bites the dust

13 Apr 21 @ 16:22

Joining a group of other big brands that have had to shelve their mobile wallet, Barclays have announced that after 10 years they will sunset the iconic Pingit, one of... read more

Russian central bank sets up CBDC trial of Digital Ruble for 2022

12 Apr 21 @ 16:10

Russia’s central bank, the Bank of Russia says it will test a digital Ruble in 2022, marking another major governments interest into the voracity of testing CBDC. First Deputy Governor... read more

Citi Bank and JP Morgan set up trials for cross border transfers with blockchain

12 Apr 21 @ 15:36

As we see the market place shifting to a more trusting view on blockchain technology, both Citi Bank and JP Morgan have both announced trial of the technology for cross... read more

The European Commission Inception Impact Assessment on real-time payments in the EU

12 Apr 21 @ 13:19

On March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA was open for feedback... read more

Payments Cards & Mobile Jobs of the Week

12 Apr 21 @ 09:00

Looking for a new job can be really exciting, but also tricky. It doesn’t happen overnight (well, most of the time anyway). People usually say that looking for a job... read more

2020 Top 50 financial institution ACH originators and receivers

07 Apr 21 @ 10:00

Nacha has released its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020. The Top 50 originating financial institutions handled a volume of almost 23.1... read more

Central Bank issued digital euro – 5 years in the making

06 Apr 21 @ 10:00

The possibility of a digital euro is setting high expectations. But it is also raising questions. At the ECB we take people’s concerns seriously, and are thus committed to clearing... read more

One third of European FinTechs faced regulatory intervention due to partner bank

06 Apr 21 @ 09:00

A new report that reveals 33% of FinTechs have faced regulatory intervention due to agency banking resiliency failures. The report How well are FinTechs served by banks? The state of... read more

Report: The 2021 Identity Fraud Study

01 Apr 21 @ 10:48

The 2021 Identity Fraud Study reveals a daunting new threat to consumers and businesses: identity fraud scams. While total combined fraud losses climbed to $56 billion in 2020, identity fraud... read more

Ant hikes up transaction fees to rebuild post failed IPO

01 Apr 21 @ 10:13

Having disappeared for several months after his IPO was forced into redundancy by China’s powerful central bank, Jack Ma has resurfaced. In his first calculated move since his fall from... read more

State of the Industry Report on Mobile Money 2021

31 Mar 21 @ 16:25

2020 was a year like no other. In every region of the world, COVID-19 triggered a mix of responses, from school and workplace closures to restrictions on movement to complete... read more

Payment Systems Regulator names Mastercard in pre-paid card cartel

31 Mar 21 @ 16:11

The Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it states the companies violated antitrust laws, by operating a cartel for... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more