4913 Results from /payments
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
Nikunj Gundaniya Product manager at Digipay.guru
With the digital age fast approaching, businesses and consumers see a major shift in how payments are made. Digital wallets have altered the ecosystem, making it possible for people to pay faster and safer with higher efficiency than conventional transaction methods. To stay relevant and compete in today´s market your business must embrace digital...
10 September 2024 /payments /inclusion Banking
Ruchi Rathor Founder at Payomatix Technologies
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
The digital transformation of businesses has sped up the adoption of various technologies, and one of the most significant shifts has been the move towards eKYC solutions. This is very important for eKYC because it assists in preventing fraud, ensures regulatory compliance, and improves customer experiences. However, implementing eKYC solutio
28 August 2024 /payments /inclusion
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