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QR Code and Instant Payments Drive Cambodia’s E-Commerce Surge

Fintech News

KHQR, Cambodias standardized QR code payment system, has gained growing public trust, recording 601.3 year-over-year (YoY), according to the National Bank of Cambodia (NBC). Bakong, Cambodias blockchain-based real-time digital payment platform, is also seeing rapid uptake. million transactions in 2023, up 28.7% trillion (US$75.8

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NatWest and Mastercard Launch Mobile Virtual Card Solution for Business

The Fintech Times

UK bank NatWest has partnered with payments giant Mastercard to launch a new mobile virtual card payment solution for business, Approval2Buy with Mobile Virtual Cards. Firms can instantly generate virtual cards for online use, as well as for ‘Tap and Go’ payments via digital wallets.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

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Brite Payments Appoints Open Banking Expert George Parks Davie as VP Product

Fintech Finance

Brite Payments , a leader in instant bank payments, has announced that George Parks Davie has been appointed VP Product. Davie also played an active role in shaping PSD2, which underpins open banking in Europe today, through the European Banking Associations Working Group on APIs under PSD2.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

We examine both quantitative gains— such as higher customer satisfaction scores, rising self-service usage and digital adoption rates—and qualitative developments, including more personalized services, smarter virtual assistants and greater accessibility in digital banking. IDC estimates the banking industry will invest about $31.3

AI
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Beyond the Card: Your Checklist for Future-Proof Card Issuing

Fintech News

Just before the COVID-19 pandemic, one of the leading private banks in Latin America made a strategic move: it began replacing its legacy card issuing system in a bold shift toward digital-first issuing. One thing is clear: in a rapidly evolving payment landscape, a card issuing platform must do more than issue cards.

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One Tap to Pay, Three Steps to Bank: Why Your Smartphone Gets You, But Your Bank Still Doesn’t

Fintech Finance

Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance.