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

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

Modern customers, modern payments: Addressing a changing e-commerce landscape

Dominique Dierks Senior Content Manager at Finextra

Modern customers, modern payments: Addressing a changing e-commerce landscape

In 2025, retail e-commerce revenue is expected to exceed $4.8 billion worldwide. Over the last five years, the world has shifted to digital: online shopping from retailers across borders is overtaking high-street shopping, and in the world of payments, contactless and BNPL (buy now, pay later) are increasingly catching up to traditional card or ca...

14 January 2025 /payments

Open banking year seven: Beyond the Data (Use and Access) Bill and National Payment Vision

Madhvi Sonia Head of Content at Finextra

Open banking year seven: Beyond the Data (Use and Access) Bill and National Payment Vision

13 January marks the seventh anniversary of PSD2 and the creation of open banking in the UK in conjunction with an order implemented by the Competition and Markets Authority (CMA) in 2018. According to Open Banking Limited (OBL), there are now over: 11.7 million active users of open banking-enabled products in the UK, 1.7 billion API calls made p...

13 January 2025 /payments

Instant Payments Regulation: What the 9 January 2025 IPR deadline means

Madhvi Sonia Head of Content at Finextra

Instant Payments Regulation: What the 9 January 2025 IPR deadline means

Acronyms galore: those in the financial services industry must fully understand the ins and outs of the European Union’s (EU) Instant Payments Regulation (IPR) – that intends to ensure real-time payments are standardised in the Single European Payments Area (SEPA) – to bolster the digital economy and serve the evolving needs of consumers and busin...

09 January 2025 /payments

The digital cash gap: Why remote payments are make or break for global expansion

Amit Levi SVP Product Management at Papaya Global

The digital cash gap: Why remote payments are make or break for global expansion

The next wave of market expansion won't be limited by geography – it'll be defined by payment agility. As enterprises race to capture opportunities in emerging markets and build truly global workforces, they're confronting a strategic challenge that cuts to the core of modern business operations. While we can connect teams across continents in sec...

08 January 2025 /payments

Click to Pay: How SaaS platforms ease card issuer implementation

Níamh Curran

Click to Pay: How SaaS platforms ease card issuer implementation

The European payments landscape is evolving rapidly. Visa and Mastercard have launched their Click to Pay mandates, meaning it will be compulsory to integrate this technology for issuers. This will change depending on the country, but in 2025, Mastercard have a deadline of 24 January and Visa, 18 April. With these upcoming deadlines, and some alre...

07 January 2025 /payments

Fraud, Financial Crime and Forecasts: Finextra’s Top TV Videos of 2024

Liam Xavier Media Producer at Finextra

Fraud, Financial Crime and Forecasts: Finextra’s Top TV Videos of 2024

In a year marked by political volatility, continual regulatory pressures and an overwhelming conversation around instant payments and fraud, 2024 proved to be a year of as much financial obstacle as financial innovation. All, it must be said, for the positive progression of the industry. Of course, when years like this occur, it paves the way for ...

02 January 2025 /payments

Hamish Monk Senior Reporter at Finextra

How to choose a core banking provider

In simple terms, core banking points to the technology platform a financial institution deploys to sustain its key processes. It can be thought of as a central nervous system, delivering – from the back end to the front – vital services, such as transactions, onboarding, account management, currency exchange, card issuance, financial accounting, ...

17 December 2024 /payments

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