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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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Anna Oleksiuk FinTech Practice Lead at Intellias
Could we have predicted the dethroning of cash in early 2019? Perhaps. But in 2020, multiple tell-tale signs has indicated that in the payments world, cash no longer reigns supreme. The volume of non-cash retail transactions has been growing consistently since 2017 in mature APAC markets (estimated 10% CARG through 2022) and developing economies...
26 April 2021 /payments /covid-19
Michael Ault CEO at UTP Group
For many years, payment terminals have been a vital tool for businesses that complete their customer transactions in-store. The familiar hand-held devices have reliably taken card payments and offered simple additional services like mobile phone top-ups, cashback or electronic tipping solutions. However, with recent technical innovation, boosted...
15 April 2021 /payments /covid-19
Retired Member
The last ten years have seen a transformation in the ways the world does business. Macroeconomic trends, regulatory developments, and technological advances have created new ways for businesses to offer value to customers. Business models that simply didn’t exist twenty-five years ago are now the norm, and are providing useful, efficient, flexible...
03 February 2021 /payments
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Due to the Covid crisis, we have arrived in a major global recession. Not only were there the enormous impacts on the economy of the (semi) lock-downs, but consumption dropped also enormously as consumers are worried of getting infected while shopping, don’t like the shopping experience due to the different sanitary measures or they prefer to incr...
18 January 2021 /payments
Akhil Rao Director at Nth Exception
Data is an increasingly important part of the payment industry. It is collected, analyzed, and used at various points during a payment transaction, and plays a vital role in making sure the payment reaches its intended destination. Data is also at the core of customer security and system innovations. The payments sector is fast evolving, we expec...
21 December 2020 /payments /retail
The move from analogue to digital, already accelerated by Covid-19, will continue apace in 2021. The key factors driving this include: cultural change, growing regulation, cloud uptake and an increased appetite for innovation. Let’s consider the impact of each of these on payments and the priorities for banks in the year ahead as they seek to buil...
18 December 2020 /payments /predictions
Due to the Covid crisis and the resulting increase of working from home (which will likely persist long after the crisis), the precious tradition (wide-spread in many companies) of collecting money for a gift for a colleague (typically for a wedding, child or pension) via a circulating envelope is now disappearing. In our modern digital age, this ...
14 December 2020 /payments /retail
The payments industry is experiencing significant disruption because of rapid technological change, increasingly diverse consumer demands, and new entrants all competing for the consumer’s loyalties. Payments organisations are generally responding to this competitive landscape through one of two investment strategies: To remain locked in an expen...
07 December 2020 /payments /cloud
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
Chargebacks have existed since the early days of distance selling – the predecessor of e-commerce. Mail-in catalogues and Avon ladies were some of the earliest ways consumers could purchase products and wait for them to arrive at their door. Chargebacks have been a part of this cycle since just after the Consumer Credit Act of 1974. From missed de...
01 December 2020 /payments
Sunil Jhamb Founder and CEO at WLPayments
The payments system is no stranger to regulations, but PSD2 (Payment Services Directive 2) is given additional importance due to its impact and a new generation’s expectations. However, in this new digital era, PSD2 is the key to fighting online fraud while boosting innovation with new payment services. The major development of PSD2 is the intro...
21 October 2020 /payments /crypto
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