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News and resources on payments systems, innovations and initiatives worldwide.

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Expert opinions

Milko Filipov

Milko Filipov Senior Manager at valantic

Behind the Vault: How Custodial Infrastructure Powers Crypto and Stablecoin Payments

As cryptocurrency and stablecoin payments continue to gain popularity in the world of digital transactions, many businesses are beginning to explore the potential benefits of accepting cryptocurrency payments. However, while the advantages of integrating cryptocurrencies into business models are well-understood by most small business owners and tr...

/payments /crypto

Md Rezaul Karim

Md Rezaul Karim Director Business Development at Dandelion Payments

The Stablecoin Revolution in Remittances

Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are rapidly reshaping the global remittance landscape. For South and Southeast Asia, where remittances are a major economic lifeline, these digital assets offer a compelling solution to long-standing challenges: high costs, delays, currency volatility, and limited financial ...

/payments /crypto

Sam Boboev

Sam Boboev Founder at Fintech Wrap Up

Deep Dive: Monzo's Business, Explained

Monzo has emerged as one of fintech’s standout success stories – a digital bank that now boasts over 12 million customers and a profitable business model. In an industry where many challengers are still chasing sustainable unit economics, Monzo has redefined what banking can be – and where it’s going. Launched in 2015 as a scrappy startup, Monzo

/payments /retail

Jurijs Bordulans

Jurijs Bordulans Co-founder at Uspex

How to Increase Transaction Success Rates for Online Merchants

In online commerce, every successful transaction counts. When a payment fails—due to fraud checks, technical issues, or user error—it can result in lost revenue and a frustrated customer who may not return. For merchants, improving transaction success rates isn’t just about fixing errors behind the scenes; it’s about creating a smooth, reliable ex...

/payments /markets Fintech

Alexander Morsakov

Alexander Morsakov Head of Business Development at FinOn Payment Solutions

Moving 3D Secure ACS In-House: A Growing Trend Among BaaS Providers

Most BaaS platforms start out by outsourcing their 3D Secure Access Control Server (ACS) — and for a while, it works. But then the friction starts: integration bottlenecks, slow updates, black-box risk models, and rising per-transaction fees. We’ve seen this pattern across the industry. At FinOn, where we work closely with fintechs and payment inst...

/payments Fintech

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Research

Impact Study

How can businesses bridge the gaps in their cashflow?

Macroeconomic forces are ratcheting up the cashflow pressures of small and medium-sized businesses (SMBs) and large middle market (LMM) enterprises. How can they optimise cashflow?  While the consumer space has experienced a wave of digitisation – with credit initiatives thriving, such as embedded finance and Buy Now Pay Later (BNPL) schemes – the equivalent trend has been slower to advance within the business world. This may be for several reasons, such as structural, regulatory and governance delays – particularly in Central Eastern Europe. Nevertheless, given the increasingly debit-heavy market in Europe, the need for cashflow solutions remains.  More than ever, businesses stand to benefit from revolving credit facilities (RFC) to bridge gaps in their working capital, boost liquidity and sharpen their short-term financial health. Such solutions offer a means to weather the unpredictability of global market forces and get behind new projects that require upfront investment, like expansions or productivity hikes.  Some SMB markets, however, show more receptiveness than others. In France, Italy and Germany, there has been strong adoption of deferred debit, along with overdrafts and loans – with less enthusiasm for classic RCFs. The United Kingdom (UK)’s SMB sector, meanwhile, has welcomed credit cards to bolster its books.  Yet across the board there is a need for solutions that are tailored to each vertical and cover the full gamut of businesses’ modern-day requirements, including transparent e-invoicing, dynamic discounting, chargebacks, factoring, interest-free credit, digitisation, and so on.  Historically, banks have been good at serving the large corporate space vertically, though not so good in the SMB space; typically viewing it from a one-size-fits-all perspective. This approach is no longer tenable, as evidenced by the success of newer entrants. SMBs and LMMs are not just looking to hand down instant and embedded credit services to their customers, they are looking to pass it on to the organisations they transact with – ensuring their sales journey and purchasing experience is cutting-edge and flexible.  This Finextra impact study, in association with Visa, explores:  New market pressures and the evolving needs of SMBs and LMMs;  How organisations can bridge cashflow gaps with working capital solutions;  The benefits of tailoring solutions by vertical; and  Real-life case studies to showcase the options available. 

1 download

Impact Study

Case Management: The key to revolutionising cross-border payments

While the challenges of case management and inefficient E&I processes are not new, the need to address them is more pressing than ever – especially given the G20’s roadmap deadline and the impending global migration to ISO 20022.  In today’s digital era, end-users expect payments to be faster, cheaper and more convenient than ever before – whether domestic or cross-border. As global payment barriers are overcome, banks are tasked not only with meeting customer demands, but business and regulatory ones too.  Enhanced cross-border payments – as supported by the G20’s roadmap and the richer data that ISO 20022 provides – are becoming a real differentiator, with the capability to unlock tremendous value for institutions. However, while a lot of attention is paid to seamless transactions, one area has historically been overlooked: exceptions and investigations (E&I).  This continues to present a significant challenge for both payment providers and corporates, and is impacting numerous networks and technologies. Yet, if harnessed effectively, E&I tools can help institutions significantly reduce costs, speed up processing times, improve transparency and, by extension, satisfy the G20’s targets.  This Finextra impact study, in partnership with Swift, explores:  The advantages of effective E&I processes;  Why solutions are needed to reach the next level; and  How banks can effectively embed them in their infrastructures. 

146 downloads

Future of Report

The future of payments in major global markets: A mid-decade review

2025 is a significant year for the global payments industry. Marking the midpoint of the decade, and witnessing pivotal trends like the rise of real-time payments, advanced fraud detection and prevention, data portability, and open finance—these interlinked developments will set the stage for innovation through to 2030 and beyond.  The payments industry is now at the tipping point of global innovation, especially with global e-commerce market revenue projected to reach over $4.3 billion in 2025 and grow by 8% (CAGR 2025-2029). Further, by 2026, 5.2 billion people, or more than 60% of the global population, are expected to use digital wallets. The value of global transactions through account-to-account (A2A) payments is also predicted to rise from $1.7 trillion in 2024 to $5.7 trillion by 2029 – an increase of 230%. This will also pave the way for real-time payments to boom, with an expected CAGR of over 35% from 2024 to 2032. Looking at major global markets, the UK has continued to be at the forefront of the global payments revolution, quickly emerging as a hub for open banking as a result of the PSD2 directive and the UK’s pioneering standard. In October 2024, the Data Use and Access Bill was introduced to the House of Lords, signalling the UK’s commitment to bolstering open banking’s data sharing principles. Similarly, a month later, the National Payments Vision was unveiled, charting a clear path for the entire ecosystem to leverage technologies such as AI and DLT. The payments revolution is also taking over Europe. The Instant Payments Regulation (IPR) is rolling out instant payments by amending SEPA and adding specific provisions on instant credit transfers in euro to existing cross-border regulation: the Settlement Finality Directive (SFD) and the Payment Services Directive (PSD2). IPR also demands for Verification of Payee (VoP), confirming a recipient's account details before a payment is made and bringing down increasing numbers of fraud, particularly in the instant payments space. Similar to other regions, the US has made significant steps toward the innovation and interoperability of real-time payments – most recently through the launch of FedNow in 2023, the Federal Reserve’s real-time payment rail. Predictions show a total value of $95 billion in-app social commerce payments by 2030 in the US alone, meaning the integration of open banking is pivotal to maximising the value to be gained from e-commerce. However, the impact of the Trump administration’s strains on the CFPB and how that will effect Section 1033 and open banking in the US will be seen. This Finextra report, in association with Form3, examines the impact of these crucial advancements on the future of global payment schemes in the UK, Europe and the US, highlighting insights from experts at Bank of America, Crédit Agricole, ING, J.P. Morgan Payments, Lloyds, Santander, and Truist.

313 downloads

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FinextraTV

Are Mobile Wallets the Future of Cross-Border Payments Modernization?

Speaking to FinextraTV while attending Money 20/20, Stanley Wachs, Director of Business Development and Head of France, Benelux, Switzerland, and Africa at Dandelion Payments, shared his thoughts on how mobile wallets are impacting the modernization efforts of banks and fintech's. Wachs positions mobile wallets as a key component of the future of cross-border payments and of progressing the modernization of payment infrastructure.

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Long reads

Henna Cheema

Henna Cheema Researcher at Finextra

Why 65% of the banking industry is not fully prepared for DORA: Key Insights from NextGen Nordics

Set against the dynamic backdrop of the Nordic financial landscape, the NextGen Nordics 2025 event in Stockholm, Sweden on 29 April 2025 featured key findings from Finextra’s latest survey, highlighting the Nordic community’s concerns and aspirations. Real time data gathered from interactive audience polls throughout the event offered live insight...

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Payments modernisation: How banks can leverage partnerships to scale up

As digital-first banks and neobanks take the lead in the global payments space, traditional financial institutions are looking to evolve. To keep up with the rapid pace of the industry, banks need to be in a constant stage of evolution. How can legacy banks modernise, and what tools are available to support them in their digital transformation jou...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

What happens when money thinks for itself?

This is an excerpt from The Future of European Fintech 2025: A Money20/20 Special Edition. The evolution of financial technology is characterised by increasing levels of simplicity, efficiency, and integration. We saw this in 2016, when Europe’s second Payment Services Directive (PSD2) encouraged financial institutions to open up their data and i...