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Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. This has been changing how individuals and businesses manage their finances and pay for goods and services. There is an overall significant decrease in the use of physical cash in favour of using digital methods. This article explores the innovations in these areas, along with statistics.
Altery , a UK-based payment service provider startup, is teaming up with a leading digital bank in Uzbekistan, Uzum Bank , to offer more cost-effective money transfer solutions tailored to the fast-growing market in the region. Altery explained that it hopes to combine its global payment solutions with the established presence and expertise of Uzum Bank in Uzbekistan.
Latin American payment service provider, Mercado Pago , now enables customers to buy and sell the Meli Dollar stablecoin through its app to all users in Brazil. The Meli Dollar stablecoin is pegged one-to-one with the US dollar and looks to ensure users have access to options less volatile than existing cryptocurrencies. Mercado Pago hopes the move will help democratise access to financial services and offer a practical and stable option for financial management for Brazilians.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
For a long time, the retail and hospitality sectors have faced the ‘last mile’ data problem in cash credit card payment reconciliation. A new partnership between PayComplete , the global cashtech solutions provider, and Evention , an automated payments reconciliation software, is looking to tackle this issue by integrating operational cash handling with automated reconciliation.
Herefordshire-based payment solution provider allpay has officially added a new local gift card to its range on its reward and recognition platform, following a successful pilot. After positive employee feedback, allpay has introduced a local gift card for Hereford as a permanent employee reward option. HR leaders at the firm say the card has been hugely popular, with staff from across the business issuing the local gift card as a reward.
The European Union has forced software giant Apple ‘s hand into allowing other financial service providers to use its NFC chip, and in turn, its tap-to-pay tech. This has led to speculation about notable names in the payments space offering a mobile wallet: one of these being PayPal. In mid-July, Apple announced it would level the playing field for paytechs by enabling users to change the default mobile wallet on its phones.
The European Union has forced software giant Apple ‘s hand into allowing other financial service providers to use its NFC chip, and in turn, its tap-to-pay tech. This has led to speculation about notable names in the payments space offering a mobile wallet: one of these being PayPal. In mid-July, Apple announced it would level the playing field for paytechs by enabling users to change the default mobile wallet on its phones.
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