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

[New Report] The Future of Payments in Major Global Markets: A Mid-Decade ReviewFinextra Promoted[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review

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Expert opinions

Steve Carpenter

Steve Carpenter Chief Operating Officer of North America at Creditsafe

Tariff Turbulence: Why Betting on Reversals Could Backfire

U.S. businesses are in limbo. Faced with ongoing tariff uncertainty, many are choosing to stockpile inventory and delay payments—some anticipating that current policies may ease over time, others preparing for long-term continuation. But leaning too heavily on short-term tactics while waiting for political clarity is a risky bet. April’s historic ...

/payments /markets

Kirill Lisitsyn

Kirill Lisitsyn Co-founder & CEO at Torus

Demystifying interchange fees: Understanding Profitability Dynamics in Card Transactions

I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more meaningfully with your partners and influence your company's revenue. First of all: where did the commissions come from and where are they flying to? One of t...

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Jamel Derdour

Jamel Derdour CMO at Transact365 - www.transact365.io

Financial Inclusion Through Innovation: Scaling Digital Payments in India

India’s shift toward becoming a global leader in digital payments continues at a rapid pace. UPI, mobile wallets, and fintech platforms have scaled impressively: UPI recorded 18.67 billion transactions worth ₹25.14 trillion in May 2025, averaging 602 million transactions daily. (The Times of India) For FY24–25, UPI handled approximately 186 billio...

/payments /markets Payments strategies 2015-2020-2030

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

Wallet Wars 2025: Super Apps vs. Specialized Fintechs

In the rapidly shifting landscape of digital finance, 2025 is shaping up to be a defining year for digital wallets. The battle lines are drawn between two dominant forces: Super Apps that aim to be everything for everyone, and specialized fintechs laser-focused on doing one thing exceptionally well. Who will win the wallet war? And more importantl...

/payments Fintech

Hussam Kamel

Hussam Kamel Payments Architect at Icon Solutions

Fedwire Migration: The Final ISO 20022 Milestone?

Global payments infrastructures have undergone a gradual but fundamental shift over the past decade: Moving away from legacy formats to adopt ISO 20022, the now de facto global standard for financial messaging. In the US, the final ISO 20022 milestone has been reached. Fedwire, the Real-Time Gross Settlement (RTGS) service operated by the Federal...

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Trending

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

Wallet Wars 2025: Super Apps vs. Specialized Fintechs

Hussam Kamel

Hussam Kamel Payments Architect at Icon Solutions

Fedwire Migration: The Final ISO 20022 Milestone?

Onkar Chachad

Onkar Chachad Product Manager at Veefin

Cash Management Reimagined in 3D

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Research

Event Report

The Outsourcing Imperative: The strategic importance of partnerships for cloud-based payments

The financial services industry is at a pivotal moment where cloud technology and strategic outsourcing offer pathways to enhanced operational efficiency and competitiveness. Explore the Outsourcing Imperative.  In today’s rapidly evolving financial landscape, managing complex financial systems has become increasingly challenging for banking providers. The demands of mature cloud technology, evolving payment rails, and channels such as real-time cross-border payments and stablecoins require innovative solutions. Additionally, regulatory differences by country and region add another layer of complexity, especially for banks operating across multiple borders.  With the buzz around generative AI and other emerging tools, financial institutions must consider outsourcing certain functions to maintain competitiveness and efficiency. Enhancing user experience and regulatory compliance are paramount, as customers now expect a variety of payment options, from digital wallets to AI-driven payment agents. Outsourcing becomes key in today’s payments landscape, and financial institutions are increasingly turning to Payments as a Service (PaaS) to navigate the complexities of modern banking operations.  This report highlights the key takeaways of a Finextra webinar, hosted in association with FIS, by a panel of industry experts. Discover:   Drivers for adopting cloud-based payments;  Why banks and cloud are still an unfinished story;  Why outsourcing is necessary in today's payments landscape; and  How banks can change the status quo through partnerships. 

3 downloads

Event Report

Modern payments excellence: Exploring diversification of channels, orchestration, and regulation

In today’s rapidly evolving financial landscape, integrating new payment channels has become essential for institutions aiming to stay competitive. Whether it's card-based, account-to-account, instant, or mobile—technological advancements and changing consumer preferences drive the need for diversified payment methods, requiring a strategic approach by banks often still too burdened by legacy to ensure seamless customer experiences and robust compliance. Financial institutions must not only navigate architectural complexities, but balance this with regulatory demands, and the integration of new technologies, all while maintaining the agility to adapt to future innovations.  Managing these challenges effectively is crucial for serving clients and customers in the best way possible, providing them with a wide range of choices and ensuring the availability of services in a time where outages still too often make the news. Leveraging modern technologies like tokenisation and APIs, financial institutions can create dynamic systems that cater to diverse consumer needs, enabling seamless management of multiple products and accounts. This openness is key to fostering resilience and driving change within the industry.  This report highlights the key takeaways of a Finextra webinar, hosted in association with Diebold Nixdorf, by a panel of industry experts. Discover:  How banks can keep pace in a digital, instant world;  Ensuring payments resilience and the impact of regulation;  Key modern infrastructure requirements; and  The benefits of microservices architecture. 

62 downloads

Event Report

Cross-border payments as the next fintech frontier

Economic, regulatory, and technological insights for enhanced cross-border solutions amidst economic uncertainty. Cross-border payments have become integral to the global financial ecosystem, driven by the expansion of international business operations. The need for efficient, secure, and cost-effective payment solutions is more pressing than ever, and fintechs are a crucial cog in the cross-border machine.  In 2025, businesses must contend with a dynamic financial environment shaped by market volatility, regulatory changes, and technological advancements. Factors like tariffs, sanctions, and supply chain shifts significantly impact foreign currency reserves, requiring agility from financial institutions and fintechs alike. To stay competitive, organisations must be more agile than ever before to leverage cutting-edge technologies and strategic partnerships, in order to enable them to respond swiftly to changes and maintain a competitive edge.  This report highlights the key takeaways of a Finextra webinar, hosted in association with Visa Direct, by a panel of industry experts. Discover how cross-border payments are affected by:  Economic and geopolitical considerations;  Technology and other fintech advantages;  Interoperability and regulatory considerations; and  CBDCs, stablecoins, and other innovations in the cross-border space. 

199 downloads

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FinextraTV

'Ask The Stupid Questions': How Payments Progress Requires Unlearning

Attending EBAday 2025 in Paris, Simon McConnell, Global Head of European Clearing, Citi Bank took some time to speak to FinextraTV about the changing clearing landscape and how in the pursuit of progress, some are essentially unlearning old habits. Coming towards the end of ISO migration, McConnell said that there has been a huge amount of work put into progress but that these changes have created an increase of costs and the focus is now on tangible, actionable cost-reduction opportunities. He further believes that payment professionals are struggling to understand where to place priorities and that, where they are still on a learning curve, they should get more used to collaboration that allows the "stupid questions" to be asked.

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Long reads

Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

The top payments stories you missed in July 2025

Catch up on Finextra’s most-read Payments stories from last month. Australian banks launch nationwide Confirmation of Payee scheme Confirmation of Payee (CoP) has officially arrived in Australia, with Australian banks having started the roll-out of the nationwide scheme early in July. Even though Australia is one of the only countries where scam lo...

David Payne

David Payne SVP, Payments Risk & Compliance at Southern Financial Exchange

FedNow upgrade introduces more risk controls, but will financial institutions hit “send”?

The FedNow® Service recently celebrated its second anniversary with around 1,400 participating financial institutions (FIs) across all 50 states. To mark this milestone, the Fed announced the addition of a new account threshold feature that allows financial institutions to enhance risk mitigation by adjusting value and transaction levels based on ...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

What are embedded payments?

Embedded payments are a type of embedded finance, whereby financial services are extended within non-financial contexts. In such a scenario, the business-to-customer (B2C) firm stands as an intermediary between the customer and the financial institution (FI) – meaning the bank is (superficially) removed from the banking process. While this is not...