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Digital payments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digital payments represent a major driver of innovation. This article explores the latest trends shaping the sector, providing insights into what lies ahead. The Rise of Embedded Finance Embedded finance is revolutionising the way businesses interact with financial services.
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. 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.
Mollie , one of Europes fastest-growing financial service providers, has enabled Apples Tap to Pay on iPhone for its UK customers. This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware. Tap to Pay on iPhone which Mollie launched last month for its 250,000 customers in The Netherlands, France and Germany is now available to its UK merchants, allowing them to unlock the benefits of Tap to Pay
Banks and credit unions need to embrace emerging technologies to ensure growth and overcome impending challenges, according to the latest report from Q2 Holdings , a digital transformation solution provider for financial services. In its State of Commercial Banking January 2025 Market Analysis report, Q2 Holdings outlines the biggest emerging trends for commercial banks, as well as the challenges and opportunities that banks and credit unions will face in the coming year.
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.
AUTHENTICITY: Ligne Roset’s DPP proves the authenticity of its Toga Loveseat using QR codes French luxury furniture brand Ligne Roset has introduced digital product passports (DPPs) that combine QR codes and blockchain technology to authenticate its products. Fashion brand Serendipity Clothing has chosen the same solution for its DPPs, but has picked NFC tags as its preferred DPP data carrier.
Alipay + has partnered with global merchants to launch exclusive Chinese New Year campaigns, offering promotions for its payment partner users in anticipation of the seasonal travel surge. Alipay+ now supports over 35 international wallet and bank payment partners, connecting 1.6 billion user accounts to more than 90 million merchants in 66 markets.
Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising Payment Service Provider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector. This partnership has resulted in the successful deployment of advanced mobile wallet solutions, including Apple Pay, and Google Pay, tailored specifically to meet the needs of the Saudi Arabian market.
Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising Payment Service Provider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector. This partnership has resulted in the successful deployment of advanced mobile wallet solutions, including Apple Pay, and Google Pay, tailored specifically to meet the needs of the Saudi Arabian market.
January 17, 2025 was a deadline for the implementation of the new Digital Operational Resilience Act (DORA) in the EU. This regulatory act establishes a number of important requirements financial institutions are obliged to follow both EU residents and companies with a different registration, but which provide their services on the EU territory. Including Ukrainian ones.
BIOMETRICS: Life Card is to start issuing payment cards with fingerprint verification Japanese credit card issuer Life Card is to begin issuing cards containing a built-in fingerprint verification sensor this year, in a move that marks the first commercial launch of biometric payment cards in Japan. “Life Card provides innovative, secure and frictionless payment solutions to our growing consumer base,” company president Keiji Masui says. “Introducing the latest biometric techno
The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as a series of illegal actions. Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company […] 2024 TechCrunch.
Small businesses have been among the biggest beneficiaries of the transition to fintech-powered modern payments systems, with the average benefits across all fintech solutions totalling $9 billion as a result of their adoption. The finding comes as part of a new report launched by economics, research and analysis firm Mandala in partnership with FinTech Australia , compiled using fresh research into small business and analysis of ABS data.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
In response to stakeholder feedback regarding the complexity of implementing the new e-commerce security Requirements 6.4.3 and 11.6.1 in PCI Data Security Standard (PCI DSS) v4.0.1, the PCI Security Standards Council (PCI SSC) has announced important modifications for merchants validating to Self-Assessment Questionnaire A (SAQ A).
FACE RECOGNITION: Passengers can now use face biometric ticket gates to avoid queuing for a ticket Image: Kyodo News Passengers taking the Keisei Skyliner train that connects Tokyo’s Narita airport with the city centre Ueno Station can now make use of face biometric ticket gates to avoid having to queue up for a ticket. To use the service, travellers need to register on Keisei Electric Railways website with a photograph of their face and pay for a ticket.
myPOS, the London-based fintech platform that pioneered instant settlement, has announced its acquisition of Toporder, a leading French cash register company. This move solidifies myPOS’s position as a payments service provider, addressing the unique challenges small and medium enterprises (SMEs) face. The acquisition enables myPOS to expand its footprint in the French retail, food and beverage sectors by providing integrated payment and cash register solutions designed to streamline oper
There has been a substantial rise in the number of people using a simpler way to pay their tax bill ahead of the self-assessment deadline on 31st January. Taxpayers are increasingly using Pay by Bank technology to send money to His Majesty’s Revenue and Customs (HMRC). Pay by Bank uses financial technology to allow you to make secure account to account payments between banks.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Completing online payments via manual card entry can be time-consuming and off-putting for customers. Research shows that 55% of customers will abandon their cart if they have to re-enter checkout information like credit card details, negatively affecting your business conversion rate. Click to Pay completely removes the need to enter credit card information during online purchases, making it more convenient and faster than manual card entry.
From September this year, large organisations can be found criminally liable if employees, agents, subsidiaries or other ‘associated persons’ commit fraud intending to benefit the organisation or their clients. Following the publication of statutory guidance in November last year, firms are now working to ensure they have reasonable fraud prevention procedures by the September 2025 deadline.
Thunes , the Smart Superhighway to move money around the world, announces the appointment of Jane Jackson as Chief People Officer. Reporting to CEO Floris de Kort, Jane will lead Thunes People strategy, shaping culture, boosting organisational effectiveness, and enhancing talent development across 14 international locations. Jane has over 15 years of People function leadership experience at Xplor Technologies, Worldpay, Kilnbridge, Dyson and DHL.
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
The Central Bank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a payment institution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow. Testament to its success, PagBrasil was granted the licence in just six months time.
Public transportation users in the greater Philadelphia and Seattle regions will soon be able to pay for their fares using their contactless bank card or NFC device. The Southeastern Pennsylvania Transportation Authority (SEPTA) has awarded a US$211mn contract to Cubic Transportation Systems to design, install and operate a contactless, digital public transport ticketing system for five counties in the Greater Philadelphia area.
Banked , a leading global Pay by Bank provider, today announced it has partnered with NAB to enable Pay by Bank (PayTo) at checkout on Amazons Australian store. Account-to-account payments are on the rise globally thanks to lower costs, enhanced security and improved user experience. Bankeds Pay By Bank technology, delivered via the NAB partnership, provides Amazon.com.au customers with a frictionless and secure way to pay, while at the same time delivering a cost efficient, instant payment solu
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Australian small businesses using fintech solutions generated $9billion in economic benefits, according to a new report from FinTech Australia , the member-driven organisation supporting the development and adoption of fintech, which urges broader fintech adoption to foster further growth. In its first major report exploring the tangible impact the fintech industry is having on the countrys economy and business across Australia, FinTech Australia revealed that over half (56 per cent) of small bu
Shopping cart abandonment describes the scenario where shoppers add items to their cart but fail to proceed with completing the purchase. It represents a situation where customers show interest in a product by selecting it, yet they stop short of finalizing the transaction. This hesitation to complete the sale could stem from a variety of reasons. For example, the shopper may be comparing prices across different platforms and never planned to complete the checkout process.
Strategic investment fund BankTech Ventures is optimistic that fintech funding will bounce back this year after stalling in 2024. BankTech has invested $50 million in fintech companies since the fund was established in 2022, according to the company. The new administration should hopefully give banks clearer rules of the fintech road and make [banks] more […] The post Fintech funding: DataDirect Networks secures $300M from Blackstone for AI appeared first on Bank Automation News.
Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa. This collaboration will drive innovation and enhance financial inclusion across the eight member countries of the West African Economic and Monetary Union (WAEMU).
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. But to kick off 2025, were placing a focus on fintech for good to find out exactly how much impact fintechs are having both positively and negatively.
Notes from the desk: Welcome to this months Quarterly Review, a series where I dive into what executives from some of the best brands in financial services are focusing on in this quarter, as well as how they are planning to achieve their goals. Its a chance for the industry to learn about what goes on behind an FIs four walls and how leadership manages their priorities.
The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime. The review highlights both positive practices and key areas where firms must improve to effectively disrupt money mule networks. Given the significant role of money mules in facilitating fraud and laundering illicit funds, these insights are critical for financial institutions and payment service provi
Wise , the global technology company building the best way to move and manage the world’s money, today announced its official entry into the Mexican market. The new service is designed for Mexican nationals who need to send money abroad, enabling a transparent, fast and seamless method for international money transfers. Wise’s launch in Mexico is part of the company’s goal of enhancing cross border payments and supporting consumers with world-class financial services.
The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
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