Category: Channels

March 17, 2023

PayShap was born out of the Rapid Payments Programme, led by BankservAfrica and South Africa’s payments industry, as part of SARB’s Vision 2025, which sets out nine goals to improve the country’s payment system. With PayShap, consumers will have access […]

March 10, 2023

Security Bank will deploy ACI’s enterprise payments platform to modernise its payments infrastructure and provide personalised banking, as part of its digitalisation strategy. The “flexible” cloud-native real-time payment architecture means Security Bank can provide existing and incoming payment types for […]

March 8, 2023

Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide […]

February 14, 2023

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period. Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication […]

February 13, 2023

At the same time, the headwinds of change have also served as a catalyst for new forms of money to come to the fore – the number of cryptocurrencies tracked by CoinMarketCap reached the 22,000 mark in early December. The […]

February 1, 2023

Trust Bank will make use of FIS’ Open Payments Framework offering to facilitate all its payment transactions, including traditional and real-time payments. FIS says its cloud-native solution will make payments “safer and faster” for Trust Bank’s customers, as well as […]

January 23, 2023

Typically, they are high-value/high-volume interbank payments. It is this wholesale, interbank foreign exchange (FX) market that provides the fuel and liquidity for domestic and international retail schemes to operate, but in doing so it is open to what’s known as […]

December 9, 2022

Today, more than 80% of banking is done online, and nearly 70% of adults make or receive digital payments. People are hungry for the ability to access and use all of their assets on their own terms. With evolving consumer […]

November 7, 2022

The framework includes a comprehensive set of legislation, regulatory guidelines and technical standards based on international best practices to enable banks and fintechs to provide open banking services in Saudi Arabia as early as Q1 2023. The move forms part […]

October 28, 2022

The Covid-19 pandemic altered how Americans conduct financial transactions, with many making a permanent shift to digital channels. However, one age group still is a holdout. Baby boomers, ages 58 to 76, didn’t flock to digital channels, especially mobile banking, […]

October 26, 2022

The move will allow customers to make global online payments with a Mastercard virtual card linked to Cellulant’s digital wallet offering Tingg. Tingg is a single API payments platform that enables businesses to collect online and offline payments while allowing […]

September 16, 2022

Modern Treasury’s flagship Payment Operations platform will provide mutual clients with an integrated money movement solution, with payments powered by TxB. “Modern money movement is software driven,” comments Dimitri Dadiomov, Modern Treasury CEO and co-founder. “Goldman Sachs understands software developers.” […]

September 14, 2022

The challenger says its new product will make online shopping “even easier as it facilitates direct payments” which will be validated through Face ID or fingerprint unlock, with no account numbers being shared. Revolut Pay can be used by Revolut […]

September 12, 2022

The Retail Pos Terminal Market revenue is expected to cross a valuation of US$ 60 billion by 2030, according to latest research study by Global Market Insights Inc. The growing customer inclination towards cashless transactions as a leading factor driving […]

August 22, 2022

With our research finding that 20% of UK consumers reported the pandemic changed the way they think about paying for products and services, it’s no wonder that open banking is taking centre stage. Open banking is accelerating innovation within the […]

July 11, 2022

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]

July 1, 2022

With Daxsen Bank, the firm intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector. “This is intended to be a digital bank that will open accounts at no cost and improve banking operations through the management […]

June 8, 2022

The Global eCommerce Payment Market is Segmented by Type (Real-Time Bank Transfers, Offline Bank Transfers, Cash on Delivery, Direct Debits, eInvoices, eWallets, PostPay, PrePay, Prepaid Cards), by Application (Commercial, Banks, Finance): Opportunity Analysis and Industry Forecast, 2022–2028. The global E-Commerce […]

May 24, 2022

The four decades after the internet made information readily accessible has led to inventions and innovations like smart devices, mobile apps and the ability to be constantly connected. Today, companies are focusing on harnessing technology to build smoother, richer and […]

May 19, 2022

From Nike’s acquisition of RTFKT to Meta Platform’s Chairman and CEO Mark Zuckerberg playing virtual pingpong, the metaverse has evolved from a buzzword into a way of doing business. The metaverse could become a “river of entertainment in which the […]