article thumbnail

FIS Unlocks Second Half of FedNow® Instant Payments Network Potential with New Send Certification

Fintech Finance

FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instant payment service.

article thumbnail

QR Code and Instant Payments Drive Cambodia’s E-Commerce Surge

Fintech News

E-commerce revenue, 2020-2025 (in billion USD), Source: E-Commerce in Cambodia 2024, Profitence, Feb 2025 A central factor behind this growth is the widespread adoption of digital payment systems. KHQR, Cambodias standardized QR code payment system, has gained growing public trust, recording 601.3 million transactions in 2023, up 28.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

was slow getting to real-time payments , but the businesses and individuals are taking them up in a big way, using primarily the private sector RTP rails from The Clearing House (TCH). The number of real-time payments and their size of the payments has risen sharply in the last quarter. getty The U.S.

article thumbnail

BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments

Fintech News

They also provide impetus to industry-led efforts to create guidelines for faster cross-border payments. The CPMI will maintain its harmonised data requirements, published in a report to the G20 in October 2023, at least until the end of 2027, aligning with the G20 cross-border payments programme.

article thumbnail

BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments

Fintech Finance

First, the CPMI will maintain the harmonised data requirements at least during the G20 cross-border payments programme until end-2027. The data requirements were published in a report to the G20 in October 2023.

article thumbnail

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest. Faster Payments (U.K.),

article thumbnail

Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention. “Star One is proud to support Payfinia and its vision of making instant payments accessible to all account holders in the U.S.,” million in Seed funding.