The Payments Association

JUNE 3, 2025

In December 2024, HMT announced the appointment of a Financial Inclusion Committee, tasked with advising the government on developing the first-ever National Financial Inclusion Strategy. The Governments decision to develop the Strategy reflects the growing number of financially vulnerable consumers in the UK. million in 2022.

Financial Inclusion 88

Financial Inclusion Financial Literacy Treasury Governance 88

Clearly Payments

OCTOBER 31, 2024

From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. Cost : RTP services are low-cost or free for consumers, typically around $0.50 They remain a staple payment method globally. handled $1.6

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Fintech Times

MARCH 7, 2025

These challenges must be addressed if we’re to support the government in its mission to deliver economic growth and safeguard the UK’s reputation as a safe place to do business. The blueprint highlights the role technology plays in protecting the financial system and customers, whilst supporting UK economic growth.

Compliance 96

Compliance Financial Crimes Crime Government 96

Finextra

JUNE 11, 2025

Reserve Bank of India (RBI) Establishment (1935): The RBI was established to regulate currency, provide banking services to the government, and act as a banker to banks. This was labor-intensive and time-consuming. This was a significant step towards non-cash payments but was slow and prone to errors.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech Finance

JANUARY 7, 2025

Global payment solutions provider Checkout.com , has entered a strategic partnership with noqodi , a payment gateway and financial service provider, to elevate the payment experience for businesses and consumers in the UAE. Furthermore, the enhanced reliability and efficiency of payments will strengthen trust in digital transactions.

Payment Gateways 98

Payment Gateways Fraud Prevention Payments Gateways 98

Finextra

JUNE 11, 2025

No longer just a fintech novelty, it is a cornerstone of the new digital economy—driving shifts in consumer behaviour, altering merchant ecosystems, and compelling banks and PSPs to rethink their roles. Visibility vs. Velocity: Financial Awareness in the Digital Age Digital payments introduce both clarity and opacity in consumer finance.

Consumer 52

Consumer Payment APIs and Integration Payments Microtransactions 52

Finovate

JULY 14, 2025

Traditionally, data aggregators like Plaid , Finicity , and MX have been able to access consumer banking data at no cost by using login credentials provided through third-party services. In the US, open banking has largely been shaped by the private sector rather than by government regulation.

Consumer 52

Consumer CFPB Rules FinTech 52

The Fintech Times

MARCH 17, 2025

On Valentine’s Day this year, the Government of Canada launched its pre-budget consultations to gather input from Canadians for its Budget 2025. While we continue to stand up for Canadian consumers, jobs, and businesses, we want to hear from you on the issues and priorities that matter most.

Governance 59

Governance Government Finance Consulting 59

The Fintech Times

MARCH 4, 2025

It found that the number of entitlements available caused confusion, and each one requires its own form, which can be time-consuming to complete. ” Required reform Despite attempts by previous UK Governments to boost Pension Credit take-up, including awareness campaigns, numbers have remained low. Something has to change.

Social Security 69

Social Security Governance Government Automation 69

Fintech News

JANUARY 13, 2025

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. They also reflect a broader trend where innovation aligns closely with consumer demand and regional market conditions.

FinTech 117

FinTech Cross-Border On-Demand Innovation 117

Fintech Finance

JANUARY 8, 2025

Merchants can now confidently expand their international reach with dLocals localized payment solutions, which include more than 900 alternative payment methods (APMs) tailored to consumer preferences in emerging markets, where international cards account for only 20% of transactions.

Payments Institute 123

Payments Institute Regulatory Compliance Alternative Payment Methods Compliance 123

Fintech Finance

MARCH 12, 2025

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.

Governance 59

Governance Government Regulations Payments 59

The Payments Association

JUNE 3, 2025

The evolution of CBDC thinking Historically, consumer-facing banks have treated payments as an extension of banking: an account-based system where intermediaries authorise and validate each transaction. On the consumer side, privacy concerns loom large.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

MAY 5, 2025

Vietnam’s government has approved a two-year pilot programme to test peer-to-peer (P2P) lending, credit scoring, and open API-based data sharing, according to Vietnam News. The government aims to use the sandbox to boost financial inclusion, promote transparency, and expand access to lower-cost financial services.

P2P 118

P2P Legal Framework Financial Inclusion API 118

Fintech Finance

NOVEMBER 3, 2024

Affirm , the payment network that empowers consumers and helps merchants drive growth, has launched its flexible and transparent pay-over-time options in the UK. Affirm underwrites every individual transaction before making a real-time credit decision and only approves consumers following an assessment that evidences their ability to repay.

Consumer 98

Consumer Economy Regulatory Compliance Payment Networks 98

The Fintech Times

MARCH 3, 2025

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. This follows the publication of the governments National Payments Vision and Strategy (NPV&S) late last year.

Governance 59

Governance Government Financial Inclusion Consumer Protection 59

Fintech Finance

APRIL 10, 2025

Additionally, this year’s survey shows lower awareness of common payment fraud schemes during tax season particularly among Gen Z respondents, underscoring the importance of consumer education as a vital defense tool against fraud.

Tax Refunds 92

Tax Refunds IRS Identity Theft Alternative Payment Methods 92

Fintech News

JANUARY 21, 2025

The government is now taking steps to expand the reach of UPI beyond national borders, allowing Indian consumers and businesses to make and receive payments internationally. Introduced in 2016, UPI has become the backbone of digital payments in India, handling over 15 billion transactions monthly.

Caps 122

Caps Digital Payments Debit Card AI 122

The Payments Association

JANUARY 13, 2025

Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.

Scams 88

Scams Romance Scams Phishing Volume 88

Fintech News

JANUARY 12, 2025

However, this reliance is projected to decline, driven by the growth of digital payments, as well as the several governments-led initiatives towards financial inclusion, the report says. Consumer adoption of BNPL has also surged, with now 40% of Filipino users relying on BNPL for budgeting and immediate expenses.

FinTech 120

FinTech Financial Inclusion BNPL Cross-Border 120

Fintech News

JANUARY 21, 2025

Singapore currently stands as the regional leader, or Champion, with exemplary ratings in market maturity and government initiatives. Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation.

Payment APIs and Integration 109

Payment APIs and Integration Finance Cross-Border API 109

The Payments Association

MARCH 19, 2025

With digital wallets growing in sophistication, consumers and businesses have fundamentally altered how they interact with payments, forcing banks and payment system providers (PSPs) to innovate. This offers transparency in data usage to alleviate consumer concerns. Regulatory challenges Regulators are in a race against time.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Fintech News

JULY 8, 2025

Consumer use of PayTo rose steadily, with an 80% increase in transactions between the second and third quarters of FY25. The median consumer spend during this period was A$352.64, and the average number of transactions per active account was 6.01.

Business Email Compromise 69

Business Email Compromise Real Time Payments Payments SWIFT 69

Open Banking Excellence

JULY 2, 2025

When those rules were introduced, the intended aim was to drive competition in the retail banking market and make it easier for consumers to switch accounts. In some countries, such as Brazil and India , it is clear where the vision is coming from—the government or the central bank. That hasn’t really happened.

Regulations 130

Regulations Non-Bank Rules Innovation 130

The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. This can be attributed to the increasing sophistication of fraud detection tools, improved authentication measures, and greater consumer awareness of phishing scams.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Basis Theory

NOVEMBER 12, 2024

Completing audits and other non-value-generating work consumes resources, timelines, and funds. At Basis Theory, we encrypt and tokenize data, as well as offer APIs to administer the back-end processes (like key management and access policies) needed to govern both.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Neopay

DECEMBER 16, 2024

The Financial Conduct Authority (FCA) continues its commitment to guiding firms on embedding the Consumer Duty by publishing two insightful reports. Consumer Duty Board Report This report evaluates firms governance structures and their alignment with the Consumer Dutys objectives. Key highlights from the FCAs reports 1.

Consumer 52

Consumer Compliance Audit Government 52

Fintech News

JANUARY 26, 2025

This shiftis not merely a matter of convenience; it is emblematic of an increasingly complex convergence between state-of-the-art technology, consumer desires for seamlessness, and the regions particular socio-economic landscape. In Singapore, the government-backed API Exchange is promoting API standardisation.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127

The Fintech Times

JUNE 26, 2025

The new sandbox could enable banks and fintechs to implement a ‘five-leg credit transfer’ with confirmation of funds, meaning that a consumer can make a retail real-time payment, with the merchant getting instant confirmation of payment.

Instant Payments 59

Instant Payments Visa Payment APIs and Integration Real Time Payments 59

The Fintech Times

MAY 10, 2025

“As with any emerging technology, governance remains essential. That is why we established an AI governance framework to ensure that innovation happens responsibly and in line with our values.” ” AI is no longer a mere experiment. .” “Personalisation today must transcend traditional marketing.

AI 91

AI Blockchain Online and Mobile Banking Privacy 91

The Payments Association

JANUARY 21, 2025

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

JULY 19, 2025

Industry commentary “The payments market continually evolves, giving consumers and businesses more choice and greater convenience. As a result, the NRA says the government has a better understanding of the threat in 2025 than it did in 2020. The NRA does acknowledge sector diversity.

Money Laundering 88

Money Laundering Risk Financial Crimes Due Diligence 88

Clearly Payments

JANUARY 15, 2025

Customer Expectations In 2024, around 82% of American consumers preferred to pay by card, digital wallet , or other electronic means, according to a Federal Reserve survey. Example: For B2B and B2G (government) transactions, providing additional data like invoice numbers and purchase order info can lower your rates.

Process 105

Process Processors Gateways Push-to-Card 105

Fintech Finance

MARCH 25, 2025

The partnership’s aim is to enhance Fundiin’s risk management capabilities, reduce costs, and expand credit opportunities for Vietnamese consumers, especially the unbanked and underbanked. The company provides a seamless and stress-free payment experience for consumers while connecting over 800 retail partners to leading brands.

Risk Assessment 97

Risk Assessment Risk Management BNPL Best Practices 97

Fintech Finance

JUNE 12, 2025

This revelation comes as the UK government explores plans to develop digital “Britcard” ID cards. When asked how digital ID verification would impact trust with merchants and financial institutions, the majority (43%) of UK consumers said it would enhance their trust when transacting online (with 33% neutral).

Research 52

Research Risk Consumer Verification 52

The Payments Association

JUNE 16, 2025

It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Fintech Finance

JUNE 5, 2025

Scalable and flexible microservices-based architecture that bridges the gap between legacy banking systems and next-generation financial services, ensuring seamless transactions for businesses and consumers alike.

Financial Inclusion 83

Financial Inclusion Non-Bank Economy Digital Payments 83