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The Payments Business

Share opinion and experience on how the payments landscape is changing and learn about the challenges and opportunities facing payments stakeholders in the future.

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5 Things You're Missing Out On When You Don't Accept Crypto Payments

The online payments ecosystem is in disruption, largely brought about by cryptocurrencies, the first of which was created over ten years ago. In February 2021, the Bitcoin exchange rate reached an all-time high of USD 33,000 per coin. Crypto payments are growing more common, and accepting cryptocurrency is no longer as difficult as it once was; it...

/payments /crypto

Akshay Grover

Akshay Grover CEO at Cellulant

Payment aggregation: bringing together the African economy

Africa’s vibrant economy and lack of significant legacy payment infrastructure have led to a curious phenomenon on the continent. On the one hand, it has given rise to an explosion of payment platforms and solutions designed to respond to the different needs of businesses and consumers on the continent – making the region a beacon of innovation in...

/payments /inclusion

Lynton Buxton

Lynton Buxton Group Marketing Manager at TALL Group

When only a cheque will do…

When compact discs were first released in the 1980’s, people were amazed at the thought of digital music and it took some years for music listeners to think about replacing their vinyl records with CD’s. However, with the vinyl record consigned to history, step forward to today and over a fifth of all albums purchased in the UK is now vinyl. Resea...

/payments /crime

Luigi Wewege

Luigi Wewege President at Caye International Bank

8 Truths People Might Not Know About Offshore Banking (And Should)

Perhaps you’re interested in setting up an offshore bank account. However, one internet search is all it takes to find that there’s a lot of conflicting information about offshore banking. So, what’s true and what’s not? To help you answer that question, here are several basics about offshore banking that not everyone knows. Use these as a foundati...

/retail /inclusion

Jack Momose

Jack Momose CEO at Degica

Unlocking the potential of Japan’s ecommerce market

The Japanese market is becoming increasingly popular among western companies, fuelled by its large, wealthy population and strong perception of western goods. Yet it’s a market known for being difficult to enter, not least due to its very different culture and and the high demands of its consumers. But can technology – and, in particular, payment t...

/payments

David Maisey

David Maisey CEO at MultiPay Global Solutions Ltd

Visa vs. Amazon – is this the start of a revolution?

The battle lines have been drawn, but which side will back down first is still to be decided. Now in its third week, the spat caused by Amazon’s announcement that it would stop accepting Visa credit cards issued in the UK from January 19th, 2022, due to the high fees the card provider places on transactions has got the payments world talking. Once...

/payments

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

ISO 20022 is coming – How banks can prepare for the new payments messaging standard

ISO 20022 is coming. The new global messaging standard for payments systems is generally agreed to be a good thing for the banking industry – the Bank of England’s consultation on the plans showed respondents were “largely supportive”. Indeed, as the UK’s central bank notes, ISO 20022 is designed to create a globally consistent financial messagin...

/payments /regulation

Akhil Rao

Akhil Rao Director at Nth Exception

Value of ISO 20022 for FinTechs

As a common business language for the financial marketplace, ISO 20022 is firmly positioned as a unifier for new and contrasting FinTech innovations, such as Distributed Ledger Technology (DLT), Smart Contract (SC), and Application Programming Interfaces (APIs). Considered the de facto, universal business language for financial industry initiative...

/payments /retail

Laura Francis

Laura Francis Head of Brand and Marketing at Form3

How microservices are changing the game for operational resilience and cyber security in payments

Cloud adoption among banks has accelerated exponentially in recent years with views now pivoting towards seeing cloud as central to resiliency challenges. Unlike cloud-based systems, legacy technology cannot be easily patched and upgraded. As a result, weaknesses can remain in a system for a significant stretch of time. It is not surprising that 6...

/security /payments

Jaime Lowe

Jaime Lowe Sales Director at UTP Group

The Power of Positivity in Business:

The UK has reported almost 14 consecutive days of falling Covid case numbers, tumbling from over 45,000 cases a day to below 25,000 cases as of yesterday. This is in sharp contrast to the predictions made by certain experts who believed daily cases could climb as high as 500,000. While the Prime Minister has urged caution in spite of the good news...

/payments

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