Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. In attendance at the contract signing to represent YBhg. billion in 2023 to 4.1

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Fintech News

JANUARY 21, 2025

Initiatives such as ASEAN payment connectivity between Thailand, Singapore, Malaysia, Indonesia and the Philippines, are enhancing economic integration and fostering regional trade by linking real-time payment systems. The initiative seeks to establish multilateral linkages of national retail payment systems.

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PYMNTS

NOVEMBER 27, 2017

According to Choo, Malaysia is undergoing a national initiative to modernize its infrastructure by building a real-time retail payments platform (RPP). Building PayNet To Power The Next Generation of Payments Infrastructure. The infrastructure is expected to be up and online by this time next year, Q4 2018.

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Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. The figure surpassed the combined real-time payments of the next nine countries in the global market.

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PYMNTS

SEPTEMBER 24, 2019

The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system. The firm’s digital payments and collection service enables merchants to offer unstructured supplementary service data (USSD) and QR code-based mobile retail payment acceptance and immediately receive the revenue.

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P2P Faster Payments Push-to-Card Point-of-Sale (POS) 98

NFCW

JANUARY 22, 2024

Google Pay is to take India’s Unified Payments Interface (UPI) real-time payments system to other countries after signing a deal with the service’s manager, National Payments Corporation of India (NPCI). NPCI is the umbrella organization for operating retail payments and settlement systems in India.

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The Paypers

JANUARY 14, 2019

(The Paypers) ACI Worldwide has announced that Payments Network Malaysia (PayNet) has implemented Malaysia’s Real-Time Retail Payments Platform (RPP) using ACI’s UP Real-Time Payments.

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PYMNTS

MARCH 14, 2019

Separately, earlier this week, ACI Worldwide said it has extended a relationship with a South African bank, Capitec Bank , to support card and non-card payments through the UP Retail Payments solution, billed in a press release as “an integrated platform for all payment channels.”

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FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

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The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. It could also obviate payment devices and allow new schemes to operate at the back of the process, opening the door to real-time payments, CBDC and more.

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The Paypers

NOVEMBER 8, 2021

Bank Indonesia has delivered Bi-Fast, a real-time payment system infrastructure, to serve industrial consolidation and end-to-end integrated digital economy.

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Fintech News

NOVEMBER 5, 2024

Expanding payment connectivity This year’s report puts an emphasis on Singapore’s leadership in cross-border payment integration, underscoring the country’s position at the forefront of payment innovation both regionally and internationally.

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Fintech Finance

FEBRUARY 6, 2024

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. NPS-NCS and NEPALPAY is expected to be rolled out in the last quarter of 2024.

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The Fintech Times

DECEMBER 31, 2023

. “According to research from the European Central Bank (ECB), Single Euro Payments Area (SEPA) instant credit transfers currently account for only 14 per cent of all conventional SEPA credit transfers. “Legislation brought through by the European Commission will also help to further proliferate adoption rates. .”

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Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

The Fintech Times

APRIL 17, 2025

Partnerships and acquisitions Card Present over Internet (CPol) provider, Burbank has today announced a major strategic partnership with global payments technology provider Transactility (creators of jPOS) to accelerate the adoption of CPoI across the banking sector.

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PYMNTS

MARCH 12, 2020

If we’re talking about business-to-business (B2B) payments, the speed of business is nothing to brag about. The outmoded B2B payments landscape stands in stark contrast to the business-to-consumer (B2C) and peer-to-peer (P2P) spaces where instant money and real-time payments are becoming the norm. Approximately.

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PYMNTS

JANUARY 4, 2019

In a statement, UCPB Vice President and Head of Marketing Group Charina Balanquit said, “The fund transfer service is geared more for retail payments, such as domestic remittances, payments to service providers, eCommerce and peer-to-peer payments.”. The list of banks signing on to the standard now stands at about 300.

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PYMNTS

JANUARY 24, 2020

In order to accelerate the use of electronic payment options in Asia, Mastercard has invested in merchant commerce platform Pine Labs , according to a press release. The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online purchases.

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Fintech News

DECEMBER 10, 2023

It gathered data from C-level decisionmakers at over 500 banking and non-banking financial institutions across a variety of departments such as fraud, operations, treasury, product, and technical implementation. Additionally, the sector’s impressive growth is reflected in the 2023 Singapore Fintech Map, with 700 companies now featured.

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PYMNTS

JUNE 3, 2020

The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday.

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PYMNTS

DECEMBER 2, 2020

In the letter, a copy of which was provided to PYMNTS, Starboard contends that at ACI’s most recent investor day, “we were expecting to see projected improvements in organic growth and profitability so dramatic that the choice to remain a public company would be obvious to shareholders.

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PYMNTS

DECEMBER 16, 2019

The European Payments Council (EPC) is continuing to work on R2P’s operability after being asked by the Euro Retail Payments Board (ERPB) for an analysis. A pan-European request to pay solution is considered “missing piece of the puzzle” for real-time payment services, according to an EBA white paper. “As

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Instant Payments Real Time Payments End User Faster Payments 52

PYMNTS

APRIL 10, 2019

The partnership will also support cross-border payments processed via the SWIFT network. The partnership will also support cross-border payments processed via the SWIFT network.

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PYMNTS

JANUARY 2, 2019

ACI Worldwide Head of Real-Time Payments Craig Ramsey said in the announcement, “Effectively leveraging the richer data of SWIFT gpi messages will allow NBK to further optimize the customer experience and differentiate against competitors. In all, ACI noted that the global gpi community has come to encompass close to 300 banks.

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The Fintech Times

JUNE 3, 2025

.” The big thing in the next few years for Prajit Nanu , co-founder and CEO of Nium, will be “treasury optimisation” He explained: “Actually that’s going to be convergence of lot of buzzwords, which is real time, payments, open banking, AI and stablecoins.”

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Cross-Border Payments Payment APIs and Integration Stablecoins Cross-Border 59

PYMNTS

SEPTEMBER 17, 2018

Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Retail payments innovators have tapped into that ubiquity-driven certainty to enable new use cases that extend their reach. That creates certainty.

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PYMNTS

JULY 30, 2018

With the proposed move, Canada is upping its game and staying at the forefront of global payments development. While Canada has a high penetration of contactless card usage, for example, it’s a bit behind in some areas, such as real-time payments. But that could potentially change.

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Fintech News

DECEMBER 20, 2023

These developments include the launch of cross-border QR payment linkage between Singapore and Indonesia , and between Singapore and Malaysia , as well as establishment of connectivity between Singapore’s PayNow and Malaysia’s DuitNow , two national real-time payment systems.

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PYMNTS

NOVEMBER 7, 2018

Changing Retail and Insurance. FPS is likely to encourage companies and consumers to change their retail payment methods. HKMA also recently released a QR code standard for retail payments, along with an associated app, to let retailers display a single QR code for accepting payments.

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PYMNTS

OCTOBER 8, 2018

On the retail payments side, online and mobile banking have transformed how accountholders access and action their money while keeping that access and those actions secure — and that accountholder relationship sticky. That’s also where we’ve seen banks innovate.

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PYMNTS

SEPTEMBER 13, 2018

In other news tied to large-scale payments infrastructure deployments, the United Kingdom’s New Payment System Operator has invited industry stakeholders to populate specialist advisory groups that will have input on the development of retail payments infrastructure. Payments, Cross-Border and Over the Phone.

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PYMNTS

DECEMBER 30, 2019

The magic of the weekend is fading into memory, and sometimes even the strongest coffee has a hard time sparking the engine needed for the workweek ahead. Mondays have a bad reputation, and that’s understandable. But Mondays have a different meaning here at PYMNTS — and for me.

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Payments Economy Innovation Real Time Payments 53

PYMNTS

MARCH 18, 2019

Faster is part of a user experience, Edwards said, but not the entirety of it — and the future of faster payments and disbursements in general, he noted, is in building that better optimized total payments experience. Why not leverage the brand the consumer’s comfortable with to affect real-time payments?”

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FICO

JUNE 14, 2022

This was coupled with the rise in real-time payments that has occurred in the past few years with the fast transfer of funds helping criminals to take the money and run. Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Retail Payments Fraud: How Consumers and Banks Can Fight Back.

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Fintech Finance

MAY 6, 2025

Today, the UAE is a beacon for innovation, and FSS is proud to help realize its vision of an AI-led, inclusive digital economy,” said Sandeep David Crasta , Head of Sales – Retail Payments, MENA at FSS , during the welcome address.

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