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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

For instance, UK Finance (the industry trade body) released reports in late 2024 on “Generative AI in action,” encouraging banks to responsibly adopt GenAI and sharing best practices. Collaborative industry efforts have started in the UK to harness GenAI. Use Cases and Early Benefits UK banks mirror global trends in AI use cases.

AI
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EU Consumers Can Create eWallet, Manage Mobile Payments In New Visa, Vipps Deal

PYMNTS

Together with Visa we will use our best practices, expertise, and experience, to create services that will excite people through world class simplification.”. "Together we are enabling issuing banks to offer smarter and simplified digital payment services to their customers in Europe and beyond.

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Alipay+ and Partner E-Wallets Drive Sustainable Travel in Year-End Global Campaign

Fintech Finance

In terms of transaction volume in 2023, AlipayHK, Kakao Pay, Touch ’n Go eWallet and GCash are among the top 4 most popular Alipay+ partner wallets used by cross-border travelers, aside from Alipay itself. Touch ’n Go eWallet, mPay and TrueMoney are ranked top 3 based on month-on-month (MoM) increase of transaction volume in November 2023.

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Alipay+ Promotes Sustainable Cross-Border Travel with Year-End Campaign

The Fintech Times

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). The initiative offers a range of incentives, in collaboration with global partners, to users of five prominent e-wallets across Asia.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). The question is: how do payment service providers work and how can you choose the right one for your business?

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Marketplace Mythbuster: There’s No Such Thing As Global (Yet)

PYMNTS

In that situation, funds from transactions become stored value and are held in what is essentially an eWallet until the merchant is ready to retrieve them. Best Practices Begin with the Right Mindset.

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The Rise Of Payments Laundering

PYMNTS

With payment laundering, APMs such as P2P payments, money service businesses (MSBs), eWallets, mobile payments, prepaid cards, vouchers, bank debits and credits or linked bank accounts and cryptocurrencies become fertile territory for fraud and crime.