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RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important? It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure.
Today’s shoppers expect options at checkout. Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. Whether it’s using a credit or debit card, a mobile wallet, or a contactless payment solution, flexibility is critical to guaranteeing a great payment experience for your customers.
Banking institutions across Asia Pacific are under increasing pressure to modernise. Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups. Yet, legacy systems remain a primary reason why banks cannot keep up with the market and innovate fast enough.
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.
In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria. This expansion includes a revamped market strategy and new key appointment: Managing Director for Nigeria at BPC, a seasoned expert who will bolster BPC’s local team, reflecting a commitment to delivering secure, innovative digital payment while driving
In the past decade, digital wallet adoption in Singapore has surged, overtaking long-standing payment methods such as credit cards and cash as the preferred payment method. According to Worldpay’s Global Payments Report 2025, digital wallets now lead e-commerce transactions and are the second most-used payment method for point-of-sale (POS) transactions, accounting for 39% of e-commerce transactions, and 29% of transaction value in 2024.
Today, Paysend announced the launch of instant settlement accounts. This new feature enables PSPs, banks, marketplaces, FX brokers and freelancer/contractor EOR payroll platforms to unlock $400 billion in liquidity trapped in cross-border payment processing. Treasurers and CFOs can receive, convert, and settle funds instantly between the UK, Europe, and North America to optimise liquidity.
Today, Paysend announced the launch of instant settlement accounts. This new feature enables PSPs, banks, marketplaces, FX brokers and freelancer/contractor EOR payroll platforms to unlock $400 billion in liquidity trapped in cross-border payment processing. Treasurers and CFOs can receive, convert, and settle funds instantly between the UK, Europe, and North America to optimise liquidity.
This week’s edition of Finovate Global looks at recent fintech headlines from Ireland. Nomupay Raises $40 Million at $290 Million Valuation Courtesy of an investment from SBPS, a subsidiary of Japan’s SoftBank, Irish fintech Nomupay has secured €35 million ($40 million) in new funding. The capital gives the company a valuation of $290 million and comes as part of an alliance that will enable Nomupay to expand its reach into the Asian market. “Since our inception in 2021 we have
Keeta Network, a high-performance blockchain that connects Web3 and traditional financial systems, aims to be a real-world tokenisation and financial interoperability frontrunner by working with Solo. Solo turns data into reusable, verified credentials, enabling banks, fintech firms and cryptocurrency platforms to make smarter, faster decisions, without compromising privacy.
Singapore has taken a definitive step forward in digital asset regulation via its Singapore DTSP licensing framework. The Monetary Authority of Singapore (MAS) released its final position on the proposed regulatory regime for Digital Token Service Providers (DTSPs), under the Financial Services and Markets Act 2022, a week ago. Effective 30 June 2025, the new Singapore DTSP licensing framework significantly tightens compliance expectations for Singapore-based and Singapore-incorporated entities
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
Thunes , the Smart Superhighway to move money around the world, today announced it has secured the 50 licenses it requires to operate in the United States. This marks a major milestone following its recent Series D funding round and reinforces Thunes’ unwavering commitment to scale at pace and deliver on its strategic roadmap. The acquisition of the licenses by the newly formed Thunes Financial Services LLC entity, is a strategic differentiator in allowing Thunes to deliver its comprehensi
Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Fiserv CEO embraces stablecoins The proce
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?
The Monetary Authority of Singapore (MAS) has provided clarification on the scope of its regulatory regime for Digital Token Service Providers (DTSPs). The announcement follows the authority’s 30 May response to feedback on its consultation paper on the Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act 2022.
Issuer processing powerhouse, Enfuce , has announced its strategic partnership with Octopus Energy ’s Electroverse, Europe’s largest EV charging network, to launch the Electroverse Business Payments Card, a next-generation fleet payment solution designed to simplify expense management for fleets and accelerate the shift to electric mobility for businesses across the UK.
Fiserv , a provider of payments and financial services technology, has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group.
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.
Providers of payments services generated about a third of the $378 billion in global fintech revenue last year, according to a new report. The sector is poised for more growth with AI innovation.
In Singapore, the future of retail is already in motion. Consumers here are making sharp, values-driven decisions about how they shop, who they trust, and what technologies they allow into that journey. These are, in fact, the key drivers of Singapore retail trends in 2025. From seamless AI-powered interactions to rising concerns over digital fraud, shoppers are setting new expectations for speed, safety, and social responsibility.
We’re thrilled to announce that the New York State Department of Financial Services (NYDFS) has granted MoonPay USA LLC our BitLicense and Money Transmitter Licenses! New Yorkers can now engage with our full stack of fiat-to-crypto offerings, including buying and selling crypto, using major payment methods and MoonPay Balance. BitLicense approval, widely recognized as a gold standard in the crypto industry, completes our U.S. regulatory coverage and enables us to directly service customers
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.
Embedded ERP banking innovator FISPAN secured $30 million in Series B funding. The round was led by Canapi Ventures and featured participation from existing investors, including Rhino Ventures. FISPAN most recently demoed its technology at FinovateEurope 2022 in London. In a round led by Canapi Ventures, embedded ERP banking specialist FISPAN has raised $30 million in Series B funding.
A new study released today reveals the staggering cost of payment system failures to UK retail and hospitality businesses, estimating losses of £1.6 billion annually. The research, conducted by FreedomPay and Dynatrace in partnership with Retail Economics , highlights the increasing frequency and impact of these disruptions on day-to-day trading, with consumers exhibiting low tolerance for delays.
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.
Money apps, also called cash advance apps, are an innovative way to access funds before payday. The idea is to help people strapped for cash get the money they've earned and avoid payday loans. Cash advance apps don’t charge interest, nor do they require a credit check, but there are fees.
The retail juggernaut’s OnePay affiliate is working with the card issuer and the network to launch general purpose and private label credit cards later this year.
Klarna , an AI-powered global payments network and shopping assistant, has partnered with Meta to launch a ‘Play Now, Pay Later’ bundle for gamers in the UK.
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.
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