Payments - Long Reads, News, Articles & Research: Finextra

The top payments stories you missed in February

Dominique Dierks Senior Content Manager at Finextra

The top payments stories you missed in February

Catch up on our most viewed payments stories from February 2025. UK Government mulls abolishment of Payment Systems Regulator Our most read news story from February was the announcement that the UK government is considering scrapping the Payment Systems Regulator (PSR) and folding it into the Financial Conduct Authority (FCA). As it currently stan...

28 February 2025 /payments

Embedded finance: The future of seamless financial services

Thomas Easterby Head of FinTech at HSBC Innovation Banking

Embedded finance: The future of seamless financial services

Embedded finance can be defined as the integration of financial services, such as payments, lending, insurance, or banking, directly into non-financial products and platforms. Over the past decade business models in this category have proliferated, fundamentally changing how consumers and businesses interact with money, and providing fintech and f...

27 February 2025 /payments

Hamish Monk Senior Reporter at Finextra

Understanding the G20 targets

At a November 2020 summit, a coalition of the world’s largest economies, the Group of Twenty (G20), tabled a roadmap aimed at enhancing international retail, wholesale and remittance transactions. By 2021, working with the Financial Stability Board (FSB), the G20 issued a set of qualitative targets – across access, cost, speed, and transparency – ...

25 February 2025 /payments

Hamish Monk Senior Reporter at Finextra

How to implement Open Banking

Launched in the United Kingdom in January 2018 with the European Commission (EC)’s second Payments Services Directive (PSD2), open banking gives third-party financial service providers access to consumer banking, transaction, and other financial data, from banks. In a practical sense, open banking was a major milestone in the journey toward sharing...

18 February 2025 /payments

What the US real time payment transaction limit increase to $10m means

Madhvi Sonia Head of Content at Finextra

What the US real time payment transaction limit increase to $10m means

On 9 February 2025, operator of the largest instant payment system in the US, The Clearing House, will raise the individual transaction limit to $10 million. This week, it was also revealed that the RTP network surpassed one billion payments, just 18 months after crossing the 500 million transaction mark. After a gradual uptake – taking over five ...

06 February 2025 /payments

How to establish an embedded finance strategy

Hamish Monk Senior Reporter at Finextra

How to establish an embedded finance strategy

Embedded finance is the digital provision of financial products within a non-financial context, such as the purchase of an Uber journey within the Uber application. This relatively recent innovation – accelerated by the wave of digitisation following COVID-19 – enables the entities that deploy it, in both the digital business-to-business (B2B) and...

04 February 2025 /payments

The MENA payments revolution: 2025 trends

Volodymyr Kuiantsev Co-founder at AKURATECO

The MENA payments revolution: 2025 trends

This article was co-authored by thought leader Gaurav Sachddeva. The Middle East and North Africa (MENA) region is undergoing a payment revolution that positions it as a rising star in the global fintech arena. Driven by a young, tech-savvy population and rocketing internet and smartphone penetration, the region is undergoing a transformation fuel...

03 February 2025 /payments

How microservice architecture can revolutionise real-time payments processing

Michael Engel VP Software Banking & MS at Diebold Nixdorf

How microservice architecture can revolutionise real-time payments processing

Real-time payments processing has revolutionised the banking landscape in Europe. As new fintech firms emerge, legacy banks are looking to move towards a more agile, scalable, and configurable payments infrastructure. In the transition away from monolithic architecture, financial institutions are looking for a cost-effective, efficient, and proact...

30 January 2025 /payments

The current state of inclusive instant payments in Africa

Sabine Mensah Deputy CEO at AfricaNenda Foundation

The current state of inclusive instant payments in Africa

Many of us take for granted the ease with which we can make and receive digital payments directly from or into a bank account or e-wallet, and the host of economic benefits it brings. Digital payments are not universally available in Africa, however, in part because the payments infrastructure on the continent is not yet fully inclusive—neither in...

28 January 2025 /payments

How did UK open banking APIs perform from 2023 to 2024?

David O'Neill COO at APIContext

How did UK open banking APIs perform from 2023 to 2024?

From June 2023 to July 2024, APIContext, in partnership with tomato pay, conducted approximately eight million API test calls across 29 UK banks to assess the quality of their open banking APIs. These APIs are essential for key digital services like payment processing and transfers, and their performance is regulated by the UK’s Financial Conduct ...

22 January 2025 /payments

Hamish Monk Senior Reporter at Finextra

How to use APIs

According to a global survey on application programming interfaces (APIs) by McKinsey, 81% of respondents said APIs are a priority for business and IT functions. “Large banks are launching API programs and allocating about 14% of their IT budget to APIs, on average,” claims the survey. So what exactly are APIs, and how should institutions be using...

21 January 2025 /payments

The future of fraud and how financial institutions can fight back

Natalie Kelly Chief Risk Officer at Visa

The future of fraud and how financial institutions can fight back

When we look at the financial services landscape, more has changed in the last five years than in the last 30, especially when it comes to financial fraud. In today’s digital, instant, cross-border world, financial crime has become a sophisticated enterprise. Recent figures from the BBC show that fraud cases have risen by 16%, with fraudsters steal...

16 January 2025 /payments

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