magazine

Latest Issue

THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

Subscribe now

Daily Insights

Global payments news direct to your inbox

Sign up free

DAILY NEWS

ALL NEWS

JP Morgan eyes lunch of digital bank in UK

26 Aug 20 @ 11:49

JP Morgan Chase has been reported to be preparing to launch a digital bank in the UK in Q1 2020. The rumours suggest that JP has signed up suppliers to... read more

832% increase in Open Banking payments during COVID-19 lockdown

25 Aug 20 @ 14:48

TrueLayer says it has recorded a massive increase in consumers using Open Banking Payment Initiation (PI) to pay for goods and services during the lockdown. PI is a new form... read more

Is Decentralised Finance (DeFi) set to transform financial services?

25 Aug 20 @ 13:22

The blockchain industry is excited, very excited about a new (relatively) buzz word – decentralised finance  or DeFi as it is rapidly becoming know as. The industry is on the... read more

EU GDPR fines top €60 million – over 124 fines issued to-date

25 Aug 20 @ 11:36

New research released by Finbold reveals which countries in Europe violate GDPR guidelines the most, as well as the total combined GDPR fines of EU countries to date. Its been... read more

Q&A: Mobile wallets – the key customer channel

24 Aug 20 @ 14:32

Payments cards & Mobile speaks to Li Yan, Founder and CEO of Wiseasy, to get his views on the future of mobile wallets and digital banking. Mobile wallets are on... read more

Emerging ATM markets continue to show growth potential

24 Aug 20 @ 11:47

While many mature ATM markets are seeing a slowdown, developing markets are set to witness rapid expansion over the next five years, with ATMs supporting cash-reliant newly banked populations. As... read more

Wirecard assets begin carve up as Railsbank takes UK entity

24 Aug 20 @ 09:00

The break-up of Wirecard has begun as it agreed to sell what is left of the UK business to Railsbank, a UK FinTech backed by Visa. The UK deal, which... read more

Indian antitrust watchdog rejects complaint against WhatsApp Pay

20 Aug 20 @ 13:25

The Competition Commission of India (CCI, the countries most powerful antitrust watchdog rejected the case against WhatsApp Pay, saying the company has not abused its dominant messaging app to expand... read more

Contactless payment market worth over $100 billion by 2026

20 Aug 20 @ 13:03

The contactless payment market size exceeded $40 billion in 2019 and is estimated to grow at 15% CAGR from 2020 to 2026. The global industry shipments are projected to reach... read more

Airtel and MoneyGram partner to enable money direct to mobile wallet

20 Aug 20 @ 09:29

MoneyGram has announced a new partnership with Airtel enabling Airtel Money’s 19 million customers to quickly and conveniently receive MoneyGram transfers directly into their mobile wallet from family and friends... read more

American Express completes Kabbage acquisition

18 Aug 20 @ 13:38

American Express says it has entered into an agreement to acquire substantially all of Kabbage, a financial technology company providing cash flow management solutions to small businesses in the US.... read more

Finablr missing £1 billion costs chairman Shetty his company

18 Aug 20 @ 13:02

Finablr, the embattled foreign-exchange business, which uncovered about £1 billion of debt hidden from its board that may have been used for purposes outside of the company and compounding a... read more

EC approves Mastercard acquisition of Nets subject to conditions

18 Aug 20 @ 10:59

The European Commission announced it will approve, under the EU Merger Regulation, the proposed acquisition of Nets’ account-to-account payment business by Mastercard. The decision is conditional on the transfer of... read more

Facebook sets up F2 unit to supercharge payments activities

17 Aug 20 @ 10:37

Facebook has revealed that it has set up a new business unit to address payments and commerce opportunities. David Marcus, a former PayPal President and co-creator of the Libra cryptocurrency... read more

Domestic payment card schemes create unique ecosystem in many countries

14 Aug 20 @ 11:18

Cards only carrying domestic payment card schemes branding accounted for 12% of all payment cards worldwide in 2018. This sector has strong growth potential, with products tailored to local market requirements.... read more

AusPayNet report shows sharp decline in card fraud in 2019

14 Aug 20 @ 10:27

Data released by the payments industry self-regulatory body Australian Payments Network (AusPayNet) revealed a 19.5% decline in card fraud in 2019, the biggest decline since fraud data was first published.... read more

Ripple tries to diversify as it faces headwinds from the banks

13 Aug 20 @ 13:14

Ripple has created one of the most valuable cryptocurrencies. Its digital tokens, known as XRP, have a total value of almost $30 billion, behind only bitcoin and Ether. But, eight... read more

Revolut losses continue to grow – 3 times greater than 2019

13 Aug 20 @ 10:19

Revolut losses tripled in 2019 as the FinTech blamed rising staff costs more than offset revenue growth, however it argues that it is on track to break even this year... 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