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Cash is number one in Europe – digital euro catching up with consumers

24 Nov 23 @ 09:53

Cash is the major form of payment across Europe, with its use being most common in Austria and Germany and lowest in Finland. Despite the significant differences in cash usage,... read more

Alarming surge in synthetic fraud rates

23 Nov 23 @ 17:59

A new study shows an alarming trends in synthetic fraud growth. The study, which polled 500 fraud and risk professionals at financial services and fintech companies in the US, shows... read more

Report: Majority of banks piloting opportunities of generative AI

23 Nov 23 @ 13:06

UK Finance and Oliver Wyman have release a report on the use of generative AI in financial services (FS), and the future opportunities and risks for the sector. It includes... read more

UK payments market: The future of payments review

23 Nov 23 @ 12:43

A world leading payments environment is vital for a world leading economy and a healthy society. The economy cannot grow without a payments infrastructure to support it. With this in... read more

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

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

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... 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