The Payments Association

JULY 18, 2025

UK and EU divergence on scope and legal frameworks may introduce cross-border compliance and interoperability challenges. Open Banking Ltd, The Payments Association, CFIT taskforce) to stay updated on standards and timelines. Start API and interoperability pilots, building on the existing Open Banking technical infrastructure.

Regulations

The Payments Association

MARCH 18, 2025

Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products. As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration.

Finance

The Payments Association

MAY 3, 2025

What matters is delivering whats critical to the customerwhether thats speed, interoperability, or something else entirely. Without a uniform approach, we risk building inefficiencies.

Payment APIs and Integration

Fintech Finance

MAY 28, 2025

KNET utilized ACI’s Digital Central Infrastructure solution to build the central payment infrastructure of WAMD, an interoperable, countrywide scheme that enables account-to-account (A2A) payment transfers via a bank’s mobile app or internet banking service by using a phone number.

Real Time Payments

The Fintech Times

MAY 1, 2025

UAE-based alternative payment method (APM) provider Pay10 has secured an open finance licence from the Central Bank of the UAE , enabling it to provide payment initiation services, including variable recurring payments across the country.

Finance

Fintech Review

MAY 4, 2025

Open banking has revolutionised financial services, enabling secure, permissioned access to bank data, payment initiation, and financial insights. For businesses, tapping into open banking APIs means faster onboarding, richer customer insights, and new payment experiences.

Payment APIs and Integration

The Fintech Times

JULY 15, 2025

In Brazil, we enable companies to automate everything from payment initiation and reconciliation to identity validation and enriched financial data retrieval. This leadership is influencing how other Latin American countries think about innovation.

Automation

Payments Source

JUNE 30, 2019

By turning compatibility into a nonissue, APIs help enable open banking, which has the potential to offer core banking services such as payment initiation or account balances through APIs, writes JPMorgan Chase's Stephen Markwell.

API

Open Banking Excellence

MAY 2, 2024

Interoperability and international expansion A key strategic outcome from all our activities in this space is to drive the creation of business models which are scalable outside of Georgia. We are an observing member of Project mBridge, which is focused on interoperable CBDCs. Additionally, we have an API called eKYC.

Interoperability

The Fintech Times

MAY 12, 2025

As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Will the rug be pulled from under stablecoins by incumbent instant payment schemes? At least, not yet.

Interoperability

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Back in August 2019, he said, the Fed’s initial efforts had garnered roughly 200 responses tied to the Federal Register commentary period. Looking Toward Interoperability And Scale .

Instant Payments

Payments Source

FEBRUARY 21, 2017

India's latest government-supported payments initiative, Bharat QR, officially launched on Monday, aiming to provide an interoperable mobile payments platform linking small merchants and consumers across channels via several major card payment networks.

Interoperability

PYMNTS

NOVEMBER 27, 2019

The solutions that faster payments technology have brought to corporates’ global operations cannot be downplayed, but major hurdles continue to challenge real-time payments’ ability to achieve ubiquity. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin.

ISO 20022

PYMNTS

OCTOBER 7, 2016

Nets and OT will combine their capabilities to offer an end-to-end mobile payment solution, which will include Host Card Emulation (HCE) and tokenization to secure payments. “By Nets’ choice to work with us is a recognition of our leadership and expertise in enabling mobile payment initiatives all around the world.”.

Mobile Payments

PYMNTS

AUGUST 21, 2020

Interoperability Is Key. To get there, interoperability is key, said Cunha. He pointed to standards seen with ISO 20022 as a guidepost for such CBDC interplay — whether retail or wholesale payments are being coordinated (at present most central banks’ CBDC initiatives are focused on wholesale payments).

CBDC

Fintech Finance

APRIL 23, 2025

Pay10 , a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the Central Bank of the UAE’s (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment.

Finance

Fintech News

AUGUST 21, 2024

This trend is persisting beyond the pandemic, solidifying digital payments’ position as the preferred mode of transaction in the post-COVID era. Trends impacting the Asian payments ecosystem Asia is witnessing a significant transformation, mainly driven by the Instant Payment trend.

Payments Trends

Fintech Finance

OCTOBER 15, 2024

Developed by TRANSFOND, RoPay is an instant mobile payment initiation service that enables direct account-to-account transfers (A2A), utilizing technologies such as QR code scanning, deep links, NFC (contactless), or mobile numbers as proxies (aliases) for IBANs.

Instant Payments

Finovate

FEBRUARY 21, 2024

Since then, the payments infrastructure has seen massive growth, having reached its peak in December of last year, when it surpassed 12 billion transactions worth $220 billion (Rs 18.23 launched its real time payments initiative, FedNow , last July and has a lot to learn from India’s UPI. trillion) in the single month.

Interoperability

Fintech Finance

JULY 10, 2024

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services. AFFIN will handle over 20% more transactions, supporting growth and scalability.

ISO 20022

The Payments Association

DECEMBER 11, 2024

There are a plethora of digital wallets for consumers to choose from in each market, and new alternative payment methods (APMs) are being introduced frequently. Open banking will further fuel instant payments 70% of respondents cited this as a key area of impact for the year ahead.

Payments Trends

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms, thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT

PYMNTS

SEPTEMBER 21, 2016

This week, Karen Webster was joined again by NACHA President and CEO Jan Estep to discuss the relationship between Same Day ACH and other faster payments initiatives — namely, real-time payments and blockchain. What’s Under The Faster Payments Umbrella? banks and credit unions the ability to better serve their customers.

Faster Payments

PYMNTS

NOVEMBER 5, 2019

But it’s not the only new payment network securing attention this week in PYMNTS’ latest roundup of the payments rails ecosystem. Elsewhere, in Australia, industry body New Payments Platform Australia (NPPA) publicized its own plans to do exactly that: add integrated, value-added features to the payments platform.

Interoperability

PYMNTS

JANUARY 21, 2019

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

Faster Payments

PYMNTS

OCTOBER 10, 2016

“They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained. “In addition, when thinking about faster payments, there’s still a need and a real desire for receivers of those payments to receive information about the payment.”.

Same Day ACH

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT

PYMNTS

MARCH 10, 2017

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. In the U.S.

Faster Payments

Fintech Finance

MAY 30, 2024

In addition, Visa is announcing Visa Pay, a new payments-as-a-service platform that provides world-class mobile-first experiences for digital payments and interoperable send-and-receive that has been developed for the Central and Eastern Europe, Middle East and Africa region.

Online and Mobile Banking

PYMNTS

NOVEMBER 18, 2020

Fifth Third’s Chayt said the need for speed might have gotten real-time payments initiatives off the ground, but that’s just a starting point. economy is proving to be a tailwind for faster payments and processes. The “now,” according to the panelists, demands interoperability between rails, which is an eventuality.

Real Time Payments

PYMNTS

MARCH 16, 2016

in its faster payments initiatives. The main drivers behind CPA’s ISO 20022 initiative are to provide the Canadian financial community with enriched, robust remittance data, to enhance domestic and cross-border interoperability and to increase efficiency,” said Mark Brule, director of the CPA’s payments innovations operations.

ISO 20022

PYMNTS

NOVEMBER 8, 2017

“Financial institutions need to be actively exploring use cases for real-time payments within their own organizations for meeting the requirement of their customers. Those who wait may find themselves left behind as the faster payments revolution takes hold.”. Not all real-time payments initiatives are created equal, though.

Real Time Payments

PYMNTS

JULY 27, 2018

This lack of interoperability means some of the utility of business data can get lost, and prevent entrepreneurs from not only having a 360-degree view of their companies, but having that vision in real time. The company also has its finger on the pulse of faster payment initiatives that are making headway in the U.S.,

Same Day ACH

PYMNTS

SEPTEMBER 7, 2017

This year is a critical one for this initiative, the Fed said, with the Fed’s Faster Payments Task Force having already issued the results of its assessment and recommendations for continued progress. Electronic invoicing, too, will be an important focus to boosting payments efficiency, the Fed said.

Fed

PYMNTS

DECEMBER 19, 2019

In addition, as Open Banking business models proliferate around the world (a direct response to customers’ demand for seamless interoperability between financial solutions), banks’ connections with third-party FinTech firms have introduced new avenues for fraudsters to infiltrate. In the U.K., billion for small businesses alone.

Faster Payments

PYMNTS

OCTOBER 7, 2019

Innovators in developing economies are using existing rails to ignite digital wallet schemes, including what wallet providers are doing to leverage the card rails to make their own wallets global and interoperable for their users. Alipay leveraged existing bank and card rails to scale. Four: Timing Is Everything.

Regulations

The Fintech Times

JULY 24, 2024

RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on. Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management.

FedNow