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Latest Results from /payments

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Why are fees on international payments so high?

Survey shows American consumers disgusted with ‘junk fees’ and hidden costs; bank fees for international payments and foreign exchange, especially hidden or unexpected add-on charges, were among the most cited irritations in modern consumer transactions, according to a recent survey. The study, commissioned by fast-growing international payments...

/payments

Yves Longchamp

Yves Longchamp Head of Research at AMINA Bank AG

The death of cash: What does it mean for the future?

The use of physical cash in payments has gradually declined in recent years as consumers are increasingly using electronic money, whether through cards or mobile payments. Between 2016 and 2022, the proportion of cash transactions declined from 79% to 59% in Europe. This development reflects the growing confidence in digital technology and a stron...

/payments

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Cross-border digital wallets are key to financial inclusion

Cross-border remittances are increasingly essential in a globalised world. With the influx in mobile wallet usage, cross-border payments can become easier, less expensive, and more inclusive to those needing to move money abroad. Payments giant Revolut launched its Mobile Wallets service to ease cross-border remittances using IDs alongside only ph...

/payments

Jennifer Marriner

Jennifer Marriner EVP, Global Acceptance Solutions at Mastercard

Add to basket – the rise of advanced digital checkout solutions

According to research from the Baymard Institute, 70% of digital shopping carts are abandoned, with two in five adults stating complicated checkout processes as the main driver for abandonment. As e-commerce continues to expand, the online payment journey has become highly fragmented and consumer expectations of the digital experience have evolve...

/payments

Edward Metzger

Edward Metzger Vice President, Payments Efficiency at Lexis Nexis Risk Solutions

5 payments trends to watch in 2024

Over the past decade, a wave of innovation has swept through all corners of the payments landscape. As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Here are our predictions for the key trends to watch as 2024 unfurls. 1. Account-to-Account payments soar Account-to-account (A2A) payments b...

/payments

Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Finextra's top Future Series reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded Future Series reports over the course of the past year. Finextra’s Future Series is an annual editorial report series covering a fintech topic at a high level and includes interviews from financial institutions, usually a global range from EMEA, APAC and the Americas. Top Fut...

/payments

Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Finextra’s top long reads of 2023

With 2023 drawing to a close, we take a look back at our most viewed long reads over the course of the past year. Top long reads of 2023 10. 5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year? Arvin Abraham, partner at Goodwin Procter, explored how fintech is still in its adolescence, but opportunities...

/payments

Dominique Dierks

Dominique Dierks Content Manager at Finextra

What are instant payments? Understanding real-time payment rails

Over the last few years, instant payments – also referred to as real-time payments, faster payments or immediate payments – have increasingly come into focus for authorities and financial institutions alike. As transformation continues to accelerate in the financial sector, the need for instant payments has grown tremendously. Yet what is the infra...

/payments

Níamh Curran

Níamh Curran Senior Reporter at Finextra

Who benefits from cutting interchange fees?

The Payment Systems Regulator (PSR) has recommended a cap on cross-border interchange fees after its market review into the fees. This is not the only interchange fees story to hit the headlines this week. Earlier this week, the Canadian government came to an agreement with Visa and Mastercard to lower their interchange fees. From next Autumn, sm...

/payments

Dominique Dierks

Dominique Dierks Content Manager at Finextra

What is CBDC? Understanding digital currencies

CBDC (central bank digital currency) is a form of digital currency that a country’s central bank can issue alongside cash. Their value is linked to the issuing country’s official currency. For example, if the UK were to release a CBDC, it would be called the digital pound. While cash is a physical commodity, a CBDC is a digital currency that can b...

/payments

Ryan O'Holleran

Ryan O'Holleran Head of Sales, Enterprise, EMEA at Airwallex

New data shows the embedded finance opportunity for SaaS platforms and marketplaces

As embedded finance began gaining traction throughout 2023, Airwallex wanted to explore the appetite among small and medium-sized businesses to receive financial services through their software or marketplace provider. We commissioned Edgar, Dunn & Co to run a comprehensive, global survey of 1,000 small and medium-sized businesses (SMBs) in th...

/payments

Marie Costers

Marie Costers VP Business Services at Ponto by Isabel Group

How open banking revolutionises corporate financing and streamlines credit risk management

Since open banking launched in 2018, demand for real-time payments and fee savings for merchants has been fuelling adoption. Especially over the last couple of years, adoption has started to rapidly pick up, with Europe boasting the largest open banking market globally. Open banking is rapidly reshaping the payments landscape, yet one area that re...

/payments