4684 Results from /payments
Jamel Derdour CMO at Transact365 / Nucleus365
The rise of instant deposits and payouts is reshaping the global financial landscape, offering consumers and businesses faster, more efficient, and more convenient ways to manage their money. Instant payments, which enable the immediate transfer of funds, are becoming an integral part of financial services, from personal transactions to business o...
11 September 2024 /payments /markets Innovation in Financial Services
Ruchi Rathor Founder at Payomatix Technologies
Financial inclusion is a critical enabler of economic development, ensuring that all individuals and businesses, regardless of their financial status, have access to essential financial services. In India, financial exclusion has long been a significant barrier to economic progress, particularly in rural areas. However, digital payment systems are...
10 September 2024 /payments /inclusion
Jagdish Udayakumar Head of New Business at FIS
Financial Inclusion and Digital Explosion During my recent visit to India, I noticed three significant changes in the city's banking and payments landscape: financial inclusion, infrastructure expansion, and digital explosion. The deep-rooted penetration of smartphones and the widespread adoption of bank accounts, driven by government subsidies an...
10 September 2024 /payments /retail
Anna Kuzmina Expert at Fintech
Recently I visited a rather peculiar place, a self-declared independent community in South Africa. It is called Orania. What is peculiar about it? Well, they have their own unofficial currency — Ora (a great and catchy name) and its digital equivalent dOra. All the while being simply a town in South Africa with South African rand in circulation
10 September 2024 /payments /markets Fintech World
Introduction Digital wallets, also known as e-wallets, have revolutionized the way consumers make payments and manage finances. From cashless transactions to seamless integration with other financial services, digital wallets have grown in popularity across the globe. The rise of digital wallets represents a significant shift in the payments lands...
09 September 2024 /payments
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 The Payments Business
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 The Payments Business
Azimkhon Askarov Co-partner at CONCRYT
From blockchain in sports broadcasts to NFT football cards, fintech has been instrumental in changing the way we play, watch, and support sports. As the 2024 Olympics comes to a close, Azimkhon Askarov, Co-partner of CONCRYT, looks at the payments lessons learned and the ways fintech can provide a unique opportunity for sports to redefine payment
02 September 2024 /payments /inclusion
Edvards Margevics Co-partner at CONCRYT
Gone are the days of signing for a payment – even entering a pin number can prompt exasperated eyerolls from consumers accustomed to completing transactions with a single tap. That expectation has now made its way online, with Open Banking making it increasingly possible to pay without entering card details. But with authorised push payment (APP)
30 August 2024 /security /payments
Patrick Bermingham CEO at Adflex
Visit any social media newsfeed and countless posts will tell you that AI means “nothing will ever be the same again” or even that “you’re doing AI wrong”. The sheer volume of hyperbolic opinions being pushed out makes it almost impossible for businesses to decipher between the hype and reality. This is an issue the European Union’s ‘AI Act’ (the ...
29 August 2024 /ai /payments Artificial Intelligence and Financial Services
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