Community
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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Nikunj Gundaniya Product manager at Digipay.guru
Integrating payment solutions has become essential for every business (big or small) in today’s dynamic digital-based economy. In fact, merchant payment processing is a piece of this puzzle that gives merchants the ability to accept, process, and manage payments from their customers. If you’re a business owner, understanding the basics of mercha...
04 December 2024 /payments
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
Cross-border payments are an important part of foreign trade, money transfers, and the digital economy as the global economy becomes more connected. But the current fragmented regulatory environment makes it hard for businesses, especially fintech companies, to deal with complicated licencing processes and different compliance requirements in diff...
12 November 2024 /payments /regulation
John Bertrand MD at Tec 8 Limited
It was good news to hear that the regulators changed the ceiling of reimbursements to £85,000 from £415,000 and stopping the yellow journalism of all APP frauds would immediately rise to £415,000. The £85,000 level covers 90% of today’s APP scams. It’s important to match the ceiling on bank deposit compensation schemes world-wide. The new regulati...
06 September 2024 /payments /regulation
Summary Should the movement to defer the Payment System Regulator’s (PSR) mandated regulations for a year beyond the proposed start date of October 2024 then, at the current rate, a million bank account holders will be scammed out of £480 million. The banks will lose £240 million and so will the victims every year until the situation changes. Frau...
02 September 2024 /payments /regulation
International remittance services cater to a specific demographic with a need to send or receive money across borders. Integrating international remittance services into bank and financial institution infrastructure is no longer a choice but a strategic need to remain competitive in the industry. The global digital remittances market is projected...
30 July 2024 /inclusion
Jamel Derdour CMO at Transact365 / Nucleus365
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
Anne Willem De Vries Co-founder and CEO at Silverflow
Despite processing millions of payments a day, the payments industry is being held back by outdated technology that has become too integral to replace or integrate with – until now. Legacy systems are already costing the payments industry $36.7 billion per year, a figure that is expected to rise to $57.1 billion by 2028. Rather than addressing sin...
01 July 2024 /payments /cloud
Robert Kraal Co-founder and CBDO at Silverflow
Say ‘Mississippi’. In the time it took you to say it, $199,771 USD was spent online – the $6.3 trillion eCommerce market divided by the 31,536,000 seconds in a year. If every sale made in that single second was routed to the average global citizen’s bank account instead of hundreds of companies then, since they earn $9,733 per year, they would ma...
25 June 2024 /payments /startups
James Booth VP Head of Partnerships, EMEA at PPRO
There is a famous phrase, which has been attributed to both Winston Churchill and George Bernard Shaw, that states the UK and the US are “two nations divided by a common language”. This refers to the fact both countries use the same language, but style, spellings, and meanings are often quite different. This analogy can easily be extended to payme...
19 June 2024 /payments /inclusion
Joris Lochy Product Manager at Intix | Co-founder at Capilever
As a regular consumer, you might not realize that a simple wire transfer to a company or a friend launches a complex and lengthy payment flow. This process involves multiple financial institutions and diverse IT systems. In this blog, we explore a typical payment flow at a financial institution. The complexity of the payment flow stems from increa...
10 June 2024 /payments
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