Jamel Derdour CMO at Transact365 / Nucleus365
For the UK, a global financial hub, the future of cross-border payments promises increased efficiency and enhanced security. This article explores the future trends and developments in cross-border payments in the UK, highlighting the driving factors, challenges, and potential impacts on businesses and consumers. Current State of Cross-Border Paym...
17 July 2024 /payments /markets Banking Strategy, Digital and Transformation
Harsh Daiya Staff Software Engineer at Paypal
As a result of the lightning-speed changes in financial technology (fintech), preventing fraudhas become increasingly important. In their bid to deliver the most streamlined and customer-friendly financial services, fintech companies face significant headwinds from fraudulent activities. Regulatory frameworks mold strategies that limit firms while...
17 July 2024 /payments /regulation RegTech
Ben Goodyear CFO at Pipe
Payment facilitators (Payfacs) are used by millions of small businesses every day to run their operations. In a competitive market, the difference between Payfacs can be as small as a point or two of difference in fees. To stand out, Payfacs need to find differentiated ways to serve their customers to preserve their fees. The good news? Payment pr...
15 July 2024 /payments Embedded Finance
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
Let’s talk about AI and remittances. Despite the enormous size and tremendous importance of the money transfer industry, little is heard about how AI is used or is proposed to be used. There are the usual mentions of Generative AI and some references about future developments. One reason for the paucity in news could simply be that many firms pref...
14 July 2024 /ai /payments Asia Financial Services
The United Kingdom is at the forefront of a payments revolution, transitioning rapidly from traditional cash transactions to digital and contactless payments. This shift is driven by technological advancements, changing consumer behaviours, and strategic initiatives aimed at enhancing financial inclusivity and efficiency. This article explores the...
11 July 2024 /payments /markets The Payments Business
Taras Boyko Founder at BankBee
Buy Now, Pay Later (BNPL) is an emerging trend that has rapidly gained traction. It allows consumers to purchase goods and services immediately while deferring the payment over a series of instalments, often without interest or fees if payments are made on time. Source: stock.adobe.com by panuwat The growth trajectory of BNPL services is remark...
09 July 2024 /payments /inclusion BNPL
Andrei Scutari Open Banking Head of Sales at Salt Edge
In June 2023, The European Commission announced its proposals on regulations governing the payment services industry within the union. The much-anticipated third Payment Services Directive (PSD3) represents the completion of the Commission's review of the second Payment Service Directive, released nine years ago and is slated for release in the f...
09 July 2024 /payments /regulation Banking
Eddie Harrison Co-Founder and Chief Product Officer at Navro
It wasn't so long ago that people lived, worked, and died within just a few miles of where they were born. And while there are places in the world where this is still the case, the lives of people in many countries are increasingly mobile. People on the move Today, a growing number of workers seek out excitement, adventure, or better pay packets b...
08 July 2024 /payments /people
With many consumers still feeling the squeeze of the cost-of-living crisis, retailers are increasingly looking to e-commerce marketplaces to drive revenue. It's easy to see the draw; marketplaces require lower upfront costs compared to setting up a standalone online platform, provide access to a larger pool of potential customers, and increase the...
08 July 2024 /payments /startups E-commerce
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
In today's digital era, efficiency is key across all aspects of life, especially financial transactions. One sector seeing significant change is utility bill payments, traditionally dominated by cash, checks, and bank transfers. Now, digital wallets are increasingly facilitating these payments, improving user experience and opening new revenue str...
08 July 2024 /payments Fintech World
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