Top

Category: Channels


Channels

South Africa rolls out PayShap, a new real-time digital payments service

March 17, 2023

Via: FinTech Futures

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 […]


Channels

Philippines’ Security Bank taps ACI Worldwide to modernise payments

March 10, 2023

Via: FinTech Futures

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 […]


Channels

94% of banks eyeing investment in modern payment tech, to keep pace with fintech innovation

March 8, 2023

Via: PR Newswire

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 […]


Channels

Contactless Payment Market Report 2022: Sector to Reach $164.15 Billion by 2030 at a 19.1% CAGR

February 14, 2023

Via: PR Newswire

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 […]


Channels

The future of financial services depends on global connectivity

February 13, 2023

Via: FinTech Futures

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 […]


Channels

Singapore’s Trust Bank taps FIS for real-time payments

February 1, 2023

Via: FinTech Futures

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 […]


Channels

Why the increased adoption of PvP settlement will enhance cross-border payments

January 23, 2023

Via: FinTech Futures

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 […]


Channels

Payments will evolve with digital banking

December 9, 2022

Via: Payments Dive

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 […]


Channels

Saudi Central Bank debuts new open banking framework

November 7, 2022

Via: FinTech Futures

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 […]


Channels

How to Move Older Customers to Digital Banking Channels

October 28, 2022

Via: Bank Director

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, […]


Channels

Africa’s Cellulant partners Mastercard for online e-commerce payments

October 26, 2022

Via: FinTech Futures

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 […]


Channels

Goldman Sachs and Modern Treasury partner for embedded payments initiative

September 16, 2022

Via: FinTech Futures

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.” […]


Channels

Revolut launches new one-click payment solution

September 14, 2022

Via: FinTech Futures

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 […]


Channels

Global Retail Pos Terminals Market to value USD 60 Bn by 2030, Predicts Global Market Insights Inc.

September 12, 2022

Via: PR Newswire

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 […]


Channels

How open banking payments will help businesses keep up

August 22, 2022

Via: FinTech Futures

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 […]


Capital and Risk, Channels, Operational

Why central banks need to engage the private sector on CBDCs

July 11, 2022

Via: FinTech Futures

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 […]


Channels, News

Daxsen Group to launch new digital bank in Ecuador

July 1, 2022

Via: FinTech Futures

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 […]


Channels

eCommerce Payment Market Size to Grow USD 11582400 Million by 2028 at a CAGR of 11.5% | Valuates Reports

June 8, 2022

Via: PR Newswire

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 […]


Channels

Why Embedded Finance Is the Next Area of Digital Revolution

May 24, 2022

Via: Bank Director

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 […]


Channels

The Future of Banking in the Metaverse

May 19, 2022

Via: Bank Director

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 […]