The National Payments Vision set out the government’s ambitions for a world-leading payments ecosystem which drives innovation, supports competition and ensures security, in line with the Growth Mission. Statement Introduction The National Payments Vision set out the government’s ambitions for a world-leading payments ecosystem which drives innovation, supports competition and ensures security, in line with…
In just a few short years, the world of payments has undergone a remarkable transformation. Once defined by cash transactions and plastic cards, the industry has evolved into a dynamic, tech-driven space where speed, security, and simplicity are now expected as standard. As digital commerce accelerates, so too does the innovation shaping how we…
Network International and GIM-UEMOA partner to enhance digital payments in WAEMU, fostering financial inclusion and innovation across the region. Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA, the regional payment scheme which promotes electronic payments across the banking, financial and…
Key Takeaways Elon Musk has sparked fresh excitement and speculation about X’s long-awaited in-app payment feature. X has currently claimed licenses in 38 states at the time of writing – but still needs to claim one in New York. Dogecoin’s price surged following the news. The excitement surrounding the potential of an in-app payment feature…
Introducing Mastercard Move Commercial Payments to power near real-time commercial cross-border payments 24 hours a day, 365 days a year Mastercard announces new product innovation, Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. The new solution, revealed in Beijing at the annual Sibos conference, aims to…
Hampshire, UK – 9th September 2024: A new study from Juniper Research, the foremost experts in fintech & payment markets, has found that the volume of global transactions via A2A (Account-to-Account) payments will rise from 60 billion in 2024 to 186 billion by 2029; an increase of 209%. A2A payments, which are bank-to-bank transfers that do not…
In the fast-paced world of digital finance, new innovations are constantly changing how we manage our money. One development is pay by bank, a payment method that allows consumers to make payments directly from their bank accounts—without using a debit or credit card. To pay using your bank account, you would: Select the “pay by…
New paper ‘Beyond Payments’ identifies four key developments in cross-border digital payments that deliver great opportunities for merchants to create a frictionless, personalized, and extended consumer journey Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for growing digital economies across Asia and beyond. The robust growth of…
Interswitch Group has formally unveiled the 2024 Global Payments Innovation Jury Report, in partnership with The World Bank, and other notable international payment players, namely HPS and Fime. This latest report titled: “Market meltdown – impacts on infrastructure, regulation and innovation” is the 11th in the series spanning 16 years since the inception of the…
The Open Banking Solutions Market will grow internationally in the future due to changing rules, more cooperation, and integration with cutting-edge technologies. In order to promote financial inclusion, prioritise security and trust, and concentrate on customer-centric solutions, broader use cases, and improved data analytics, it will push ongoing innovation in the financial services sector. The…