Instant Payments

News/payments

Bank of Kenya migrates national payment system to ISO20022

Earlier this week, the Bank of Kenya announced the successful migration of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard.

18 October 2024

Research/Instant PaymentsFuture of Report

The Future of Payments 2025 – Digital, Instant, Profitable?

17 October 2024 1017 downloads

Research/Instant PaymentsFuture of Report

The Future of Embedded Finance in Africa 2025

10 October 2024 306 downloads

News/inclusion

Paysend launches Paysend Libre in Mexico to reach underbanked population

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.

04 October 2024

Long read/Instant Payments

Dominique Dierks Senior Content Manager at Finextra

Ushering in a new era of real-time payments

26 September 2024

Research/Instant PaymentsImpact Study

Mastering the Transition to ISO 20022

16 September 2024 500 downloads

News/payments

European A2A payments set for take off - report

The European Payments Initiative’s Wero wallet is likely to accelerate adoption of A2A payments, with 37% of payment executives anticipating it will significantly offset card transaction growth by 2027, claims a Capgemini report.

11 September 2024

Finextra TV/payments

Technology, the Catalyst for Banks to Evolve into Competitors

FinextraTV and Gabriela Giannattasio, VP of EMEA, Veritran, tap into how banks should be prioritising streamlining user experiences, enhancing seamless payment systems, making them secure, and ensuring compliance with upcoming regulations all at the same time. In this new age of financial polyamory, individuals and businesses are no longer married to just one bank, and banks should view collaboration as the silver bullet solution to these challenges and actively leverage available opportunities to connect with technology partners.

10 September 2024

Research/Instant PaymentsImpact Study

Microservices Architecture: Future-Proofing Payments Technology

27 August 2024 431 downloads

News/payments

Nationwide app hit with Faster Payments delay

Nationwide users have received a message that payments "are delayed at the moment". This comes after similar issues in June.

23 August 2024

Finextra TV/payments

What changes lie ahead for the future of real-time payments

At EBAday 2024, Paul Francis Walvik-Joynt, Senior Vice President, Real Time Payments, Mastercard, shares an outline of what changes lie ahead for real-time payments and what the proliferation of real-time payments means for the adoption of instant payments. It is evident that trust needs to be maintained as the industry grows and introduces new networks, ensuring organisations are remaining resilient and fraud is combatted. Further, with the advent of new real-time payments systems, opportunities are opening up for domestic and global payments, and for technologies such as AI to be leveraged.

17 July 2024

Finextra TV/payments

The global approach to solving payee verification challenges

Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries. Sitelis stresses collaboration among schemes, technical providers, and banks as crucial, and advocates for broader industry involvement beyond banks to combat APP fraud globally, suggesting the need for enhanced data analysis beyond name matching.

16 July 2024

Finextra TV/payments

Looking Ahead to the Future of Cross-Border Payments

At EBAday 2024, Dawid Janas, Global Head of Clearing & FI Payments, Treasury and Trade Solutions, Citi, discusses the biggest changes happening currently across the cross-border payments landscape and how banks can ensure success in this rapidly changing environment. The conversation also turns to the technologies driving this change and how financial institutions can successfully scale their clients' cross-border payments processes.

15 July 2024

News/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

11 July 2024

Finextra TV/payments

Payments Evolution: Key Drivers for Transformation

At EBAday 2024, Andrea Pennacchia, Head of Banking and PA Solutions, Nexi Payments, identifies the key drivers of account to account payment market transformation towards digital and real-time processing. While the payments landscape is changing, the industry has to match new customer needs, fast changing regulatory demands and payments infrastructure evolving needs. Instant payments, among these trends, will drive this payments (r)evolution.

09 July 2024

Finextra TV/payments

Cross-border payments: Unveiling the real value of industry initiatives

At EBAday 2024, Simon McConnell, Board Member, Euro Banking Association, and Annick Moes, Assistant Director, Euro Banking Association, provide a sneak peek into an EBA survey on cross-border payments. While there is a clear roadmap for enhancing these payments, the multitude of industry initiatives makes it difficult for payment service providers to determine how to best get there. This mesmerising conundrum can only be resolved by cutting through the marketing speak, taking stock of the different initiatives and unveiling their value for solving the identified challenges.

09 July 2024

Research/Instant PaymentsImpact Study

Payment Fraud in 2024: Who is Liable?

08 July 2024 639 downloads