Payments trends report 2024
Discover how AI-driven innovation, blockchain advancements, and evolving consumer behaviours are reshaping the payments industry.
January 21, 2025
Discover how AI-driven innovation, blockchain advancements, and evolving consumer behaviours are reshaping the payments industry.
The Digital Assets Bill introduces opportunities and challenges for PSPs, from stablecoin clarity to operational overhauls, as firms navigate legal uncertainty and evolving compliance standards.
International businesses face significant challenges when managing payments across borders. In addition to navigating multi-country operations and handling diverse currencies for payments and receipts, they must also address foreign exchange
Toqio and DSA partner to deliver embedded finance, enhancing liquidity and growth in the dropshipping market.
Dialect Communications, an award-winning Business Process Outsourcer (BPO) that provides front and back office solutions in the Payments sector across the globe is thrilled to partner with Yordex, a provider
DigiDoe provides an AI-driven solution for cross-border payments, ensuring compliance, fraud prevention, and operational efficiency.
Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency.
Join Deloitte’s webinar on 12 September to review CESOP challenges and discuss upcoming changes. Email Dawn Neill to register.
The payments industry must address cross-border inefficiencies to support SMEs, which are critical to global economic growth and financial inclusion.
Cross-border payments expand a business’s global reach, but their success hinges on secure, efficient processes, versatile payment methods, and strong partnerships with payment providers who offer seamless integration and robust fraud protection.
Despite significant advances, cross-border payments still face challenges like delays, high costs, and inefficiencies, but innovative projects like BIS’s Project Rialto and Nexus offer hope for a more seamless global payment system.
With the UK at the forefront, the future of cross-border payments is being shaped by technological advancements, regulatory changes, and the growing demand for efficient, secure, and cost-effective solutions.
The white paper, “User Reality vs. Industry Fallacy,” examines cross-border payment challenges for SMEs and their crucial role in the global economy.
Privat 3 Money and ClearBank offer a multi-currency account with a single IBAN for seamless transactions and a new stainless steel P3 Debit Card, enhancing global financial management.
The payment operations sector is navigating significant challenges due to capped interchange fees, driving a need for digital transformation, cost reduction, and innovative revenue models to maintain profitability.
The cross border payments landscape is experiencing rapid expansion. New corridors, new customers and new technology and processes are seeing more money than ever move across the globe. Consumer and
Banks de-bank payment providers, disrupting cross-border transactions and financial inclusion.
Unlimit partners with Convera to simplify cross-border tuition payments for students in emerging markets, starting with Brazil using the PIX payment system.
The Bank of England is modernising its RTGS system to boost resilience, innovation, and cross-border payment efficiency.
Adopting ISO 20022 is essential for modernising cross-border payments, enhancing fraud prevention, and ensuring seamless interoperability and efficiency in international financial transactions.
Unlimit and DEUNA have partnered to enhance cross-border payments for enterprises in Latin America and beyond, aiming to improve approval rates, reduce costs, and lower fraud risks.
Global SMEs are shifting to fintechs for their financial needs, urging traditional banks to collaborate with fintech providers to offer flexible, innovative solutions, writes James Camilleri, CEO and co-founder of Fyorin
TerraPay and Multipass have partnered to enhance cross-border payment solutions for corporate customers, improving efficiency and cost optimisation
TerraPay and Al Ansari Exchange have partnered to enhance their remittance services by integrating TerraPay’s payment solutions with Al Ansari’s network.
Payall has partnered with Latvian regtech leader Huntli to enhance fraud prevention and transaction monitoring for a broad spectrum of financial institutions, bolstering capabilities in fraud and risk mitigation.
TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of
Fintech company Unlimit has announced its entry into the Tanzanian market and received the Bank of Tanzania (“BOT”) licence, marking another significant step in its regional expansion. The BOT’s approval
In recent years, the global financial landscape has undergone a notable transformation, characterised by a discernible decline in correspondent banking relationships. Several different factors highlight this shift, each contributing to
In an increasingly interconnected world, global commerce has become the lifeblood of the modern economy. Businesses of all sizes are expanding their reach beyond borders, opening up new opportunities and markets. However, the traditional financial systems have often lagged behind the speed and efficiency demanded by the globalised marketplace. Enter cross-border real-time payments—a concept that is reshaping international trade by breaking down barriers and providing a boost to global commerce.
HSBC’s January launch of Zing, an e-money institution and standalone money transfer app, is something of a strategic departure for the global banking behemoth for a number of reasons.
What it may imply for the bank strategically and what it signals for the future of international money transfers, fees, and product development are all valid questions. The true motivations behind the launch are likely more nuanced than may seem likely at first glance or that the bank may have you believe.
The founders of PAYSTRAX have decades of experience in the payments industry. In the past, they worked with internal software development teams who spent most of their time keeping up
As the digital landscape continues to evolve at an unprecedented pace, the payments industry finds itself standing at the intersection of innovation and transformation.
As the UK continues to try and place itself as a leader in the payments industry and fintech, maintaining a degree of pace, security and efficiency must remain a priority.
Clear Junction CEO Dima Kats sat down with our reporter George Iddenden to discuss how challenges to the cross-border payments sector are becoming bolder with the increase in geopolitical tensions and, contrary to some within the payments space, how he believes the regulatory frameworks offer enough security.
PayAlly has been recognised as the 19th fastest-growing business in London. This is part of the Fast Growth 50 index for 2023, which identifies the fifty fastest-growing companies across six
Inpay is looking a bit different today, you may have noticed. But what’s behind our brand refresh? We’ve been working hard to strengthen and differentiate our commercial proposition during 2023
This addition to the Nucleus365 platform unlocks global payments with over 92 licences supporting operations in 30 different currencies, enabling merchants across the globe to make and receive payments in
In this webinar, Bottomline, HSBC and Swift will discuss the current status of the ISO 20022 migration and what Banks and FIs should focus on to ensure operational efficiency and
We are excited to launch our Local Payouts – Think Global, Pay Local solution: – Available in 132 countries in 80 currencies. – Facilitated by 235+ verified partners across 4
Nikulipe has unveiled a strategic collaboration with Aircash, a dominant digital wallet provider in Central and South-Eastern Europe. Within this partnership, Nikulipe will offer Aircash additional top-up options for the
Nium, the leader in real-time global payments, has opened a new European headquarters in London to accelerate business expansion across Europe and affirm its commitment to the UK as a
More and more and more legacy financial institutions are turning to fintechs and digital-first financial services providers as partners in the race to provide a better customer experience. 🚀Discover how
Learn what “higher rates for longer” may mean for FX markets as central bankers continue the fight to tame inflation. Read full report here: https://convera.com/blog/foreign-exchange/september-outlook-central-banks-stay-vigilant-as-global-growth-slows/?utm_source=TPA&utm_medium=Email&utm_campaign=2023-Smart+Money+Moves-1to1+Meetings+UK-Live-Events-TPA-MKTG&utm_term=TPA-GCO-Sep&utm_content=7016R000001ROcvQAG
AutoRek’s Nick Botha discusses cross-border payments, the current challenges they present to payments organisations, the difference between cross-border and domestic reconciliations, and how firms can overcome obstacles to create frictionless
London-based global fintech, Unlimint, has announced a rebranding of its name to Unlimit, which will reflect the company’s new positioning, unify its product line, and highlight its mission to eliminate financial
24 May 2023, London. New Look. Advanced client experience. Same reliability and efficiency. In continued effort to provide exceptional financial services, PayAlly launches the latest version of their web-based portal
Market and industry disruption have increased the need for fast digital payments. Here’s why prepaid cards are good for businesses, benefit providers, and workers and consumers. Continue reading: Why Prepaid
The collaboration provides PXP Financial’s customers with safe, compliant and efficient cross-border payments and international transfers 17th of March 2023 – PXP Financial, an expert in acquiring and payment processing services, has today
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