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The Payments Association Urges UK Government to Modernise Payment Infrastructure in New Manifesto

The Fintech Times

The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. ” Is the UK risking falling behind?

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Ecommpay Responds to Confirmation That the UK Government is Abolishing the Payment Systems Regulator

Fintech Finance

The payments industry is evolving rapidly, and with increased scrutiny on payment services and electronic money providers, maintaining a robust and dedicated regulatory framework is critical to ensuring stability, innovation, and consumer protection in support of the National Payments Vision.

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity.

Scams 88
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Is Southeast Asia Fintech Funding Drying Up?

Fintech News

SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financial inclusion serve as robust drivers for long-term growth. Funding has now reverted to pre-pandemic levels, creating a challenging environment for many players in the ecosystem.

FinTech 117
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APP fraud: Mid-year review

The Payments Association

Going forward, responsibility for tackling fraud should be shared through a proactive, whole-of-ecosystem prevention strategy, including a mandatory shared responsibility framework among government, financial institutions, telcos, and tech platforms, as well as enhanced collaboration with overseas authorities.

Scams 88
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FCA Must Prioritise Faster, More Secure Payments, Say High-Risk Finance Businesses as PSR Is Wound Down

Fintech Finance

“This is especially important for sectors that have challenges integrating with traditional banking, such as wealth, gaming and crypto” he continues. “These businesses value customer protection: the FCA needs to make it as easy as possible for them to make and receive payments compliantly, while leaving space for innovation.”

Risk 96
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There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?

Stax

This trend is poised to continue, with a survey from the consultancy CMSPI finding that cost reduction is the top payments priority for 60% of businesses. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally. What should I look for in a payment technology partner?