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Tag: digital payments


Regulations

UK’s FCA proposes new rules to protect access to cash

December 8, 2023

Via: FinTech Futures

In accordance with the new powers granted to the FCA by the Financial Services and Markets Act 2023, the regulator says that designated banks and building societies will need to assess the gaps in access to cash, taking local factors […]


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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 […]


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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 […]


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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 […]


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Future of Digital Payments: Mobile point-of-sale (mPOS) Industry

May 6, 2022

Via: TechBullion

The demand for mobile point-of-sale (mPOS) solutions is consistently rising over the past few years after the advent of various cashless technologies. The rising number of government initiatives that advocate cashless economy are further intensifying the need for effective and […]


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What’s New in Payments?

February 14, 2022

Via: Bank Director

Following a number of rollouts and innovations, 2022 could finally be the year where the speed of digital payments equals their convenience. A number of developments, combined with the coronavirus pandemic and changing consumer habits, could hasten changes to the […]


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Global digital payments growth in the pandemic and beyond

November 23, 2021

Via: FinTech Futures

As a result, we saw an overwhelming upwards trajectory of real-time payment volumes across the world. Recent research has revealed that in Europe alone there were 7.9 billion real-time transactions made, accounting for a staggering $8,317 billion in 2020. And […]


Activity, Corporate Banking

Acquisitions heat up amid competition for small-business payments clients

September 2, 2021

Via: Banking Dive

The race to satisfy small and midsize businesses’ demands for digital payments and other financial services is driving up acquisition activity across the payments ecosystem. While some payments players are building up services for the small and midsize business (SMB) […]


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PayPal CFO: Pandemic has created ‘inflection point’ for digital payments

March 5, 2021

Via: Payments Dive

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]


Regulations

US corporate card provider Brex applies for banking licence in Utah

February 24, 2021

Via: FinTech Futures

The San Francisco fintech is hoping to obtain an Industrial Loan Company (ILC) licence from the Federal Deposit Insurance Corporation (FDIC). This is the same licence US digital payments firm Square landed just shy of a year ago. Square had […]


Regulations

Chinese regulators consider AliPay and WeChat antitrust probe

August 4, 2020

Via: Banking Technology

According to Reuters sources, the State Council has gathered evidence on the two firms for more than a month. It plans to investigate whether the payments giants have used their dominant market position to prevent competition from gaining a significant […]


Activity, Corporate Banking

Goldman Sachs-backed fintech Flywire cuts 12% of workforce

May 11, 2020

Via: Banking Technology

The Boston-based start-up has laid off 60 of its employees and is putting a further 16 workers on part-time contracts which run until the end of this year. Flywire, which was founded in 2009 and has a total 540 employees […]


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Goldman Sachs analysts are underwhelmed by the new Goldman Sachs-Apple credit card

March 26, 2019

Via: CNBC

Goldman Sachs research analysts are less than impressed by the bank’s jointly-created credit card with tech giant Apple. The card, revealed Monday at an elaborate Apple event, is hamstrung by the still-limited reach of Apple Pay, according to analysts led […]


Uncategorized

Citigroup plunges into consumer-payments business

March 26, 2019

Via: Market Watch

Citigroup Inc. is starting a consumer-payments business, joining its biggest rivals and a host of financial-technology startups jockeying for position in the hottest corner of banking. The bank, already a dominant player in business-to-business payments, is launching a new unit […]


Retail Banking

JPMorgan rolls out low-fee, checkless, no-overdraft accounts

March 18, 2019

Via: CNBC

Responding to calls for more bank services for low-income consumers, JPMorgan Chase on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance. The accounts come with debit […]


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Dwolla submits real-time payments proposal to Fed task force

May 10, 2016

Via: Finextra

Dwolla, an all digital bank transfer payment system, announced today that it submitted a faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force for review and assessment. The Fed-chartered initiative, comprised of the over 500 Faster and Secure […]