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THE GLOBAL WALLET WAR: WHO WILL OWN THE CUSTOMER?

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Škoda introduce in-car payments with new Pay to Fuel service

22 Nov 23 @ 11:54

Škoda has become the second major car manufacturer to expand its in-car payments to include Pay to Fuel in collaboration with Parkopedia. The new Pay to Fuel service makes paying... read more

Binance pays $4.3 billion to settle money laundering charges

22 Nov 23 @ 10:25

The US Department of Justice has forced a penalty of more than $4 billion from Binance to settle a criminal investigation that caught the world’s biggest cryptocurrency exchange and its... read more

Dispelling the myths surrounding a digital euro

21 Nov 23 @ 18:24

With the decision of the ECB on the start of the preparation phase, Europe has come one step closer to the digital euro. However, there is still a number of... read more

Apple hit with second class action lawsuit over P2P payments

21 Nov 23 @ 16:00

Apple has been hit with a class action lawsuit from Venmo and Cash App customers who claim it has abused its power in the market to decrease competition in the... read more

Mastercard gets greenlight for issuing and processing in China

21 Nov 23 @ 14:40

China’s central bank and the National Administration of Financial Regulation has finally issued a bank card clearing license to Mastercard. The People’s Bank of China’s (PBC) approval of the application... read more

Future growth: Fintech in Indonesia

20 Nov 23 @ 17:38

The landscape of fintech in Indonesia is booming, driven by increasing digital penetration and positive investor engagement across this high-growth nation of nearly 300 million citizens. This is a market... read more

Visa and Tencent extend partnership for remittances to digital wallets

20 Nov 23 @ 16:41

Visa and Tencent Financial Technology, the fintech division of Tencent, say they are partnering to enable Weixin users to receive inbound remittance in their digital wallets. This partnership will extend... read more

World Cloud Report – Payments sector leads adoption

17 Nov 23 @ 17:34

The financial services industry is experiencing volatility spurred by ongoing inflation, interest rate hikes and recovering stock markets. To address these market dynamics and maintain business growth financial firms are... read more

Advent acquires myPOS for €500 million

17 Nov 23 @ 16:29

Private equity firm Advent International has agreed to acquire myPOS as part of its latest push into the digital payments market. Advent will acquire the provider of payments services for... read more

Tesco trials App free, checkout free, in-store payments

16 Nov 23 @ 16:55

Tesco, the UK’s largest supermarket chain, is trialling app free, checkout free, way for customers to skip self-checkouts in an apparent reaction to a competitor supermarket completely removing self-checkouts due... read more

Cyber criminals ALPHV report hacked company to SEC

16 Nov 23 @ 12:40

Today, in a global first, cyber criminals have upped their game by filing a complaint to the US Securities and Exchange Commission (SEC), reporting a company it claims to have... read more

Almost two-thirds of US SMEs have switched their payments to ISVs

16 Nov 23 @ 12:01

As the capacity to integrate physical and digital payments with other business functions such as invoicing and delivery rises, US SMEs are switching to integrated software vendors (ISVs) to meet... read more

Irish banks pull plug on Synch mobile payment app

15 Nov 23 @ 17:57

In January 2021 four of Irelands largest banks joined forces to launch a mobile payment app, dubbed Synch, that they intended to promote to help fend off the threat posed... read more

Future revenue growth: Instant payments and digital wallets rise

15 Nov 23 @ 12:56

Globally, payments revenues have proved remarkably resilient, overcoming a variety of regional headwinds to grow at rates well above the established long-term trend. Payments revenues grew at 11% in 2022—a... read more

Czech Banking Association launches Contact Payments

15 Nov 23 @ 09:54

Six banks have announced the launch of Contact Payments (Platby na kontakt), an initiative developed and supported by the Czech Banking Association, which hopes it will make it easier to... read more

The potential financial impact of a digital Euro on banks

14 Nov 23 @ 16:55

Central bank digital currencies like the digital euro still spark enthusiasm, at least among some central bankers, not least of all the European Central Bank. After two years of studying... read more

Five trends shaping the payments infrastructure revolution

14 Nov 23 @ 10:53

The payments industry is under construction. From rails to regulation to currencies, nearly every element of the global payments infrastructure and ecosystem is undergoing a rebuild. This period gives infrastructure... read more

What is the outlook for instant payments in Europe?

13 Nov 23 @ 18:04

The SEPA Instant Credit Transfer scheme (SCT Inst), which operationalised euro-based Instant Payments, first went live in late 2017. Several years later, Instant Payments have not seen widespread adoption across... 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