Resources | The Payments Association

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Nium Unveils Industry Predictions for 2022

Nium, a leader in global payments and card issuance for businesses, today unveiled its predictions report for 2022, examining the latest trends in regulation, crypto, travel, and global payments.

Explore Nium’s seven predictions across three key areas including:

Regulation: Regulators are taking notice of new payments methods such as cryptocurrencies and Buy Now, Pay Later methods

Travel: As travel returns to pre-pandemic volumes, the industry will look to fintech to drive revenue

Global Payments: New technology infrastructure is the emerging theme across major industries; payments particularly will transform to cater to evolved consumer behavior.

February 7, 2022

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Best Practice Guidance for AML and CTF risk assessments

All financial services firms in the UK are required to carry out risk assessments for Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF). Yet a survey of AML audits reveals that some firms do not have risk assessments, and many that do, fail to record the rationale they adopted when arriving at their risk assessment.

February 7, 2022

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By 2030, 74% of consumer payments will be handled by non-traditional financial service providers

According to a new study by IDC Financial Insights commissioned by Episode Six, a payments technology company, 74% of consumer payments will be handled by non-traditional financial service institutions (FSIs) by 2030.

The IDC InfoBrief, Future Ready Payments Technology Reshapes the Playing Field for the Industry, highlights that while the payments world is changing FSI paytech is not, pushing lucrative consumer payment volumes to non-FSIs.

February 1, 2022

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Ingenico receives RNIB Certification for its AXIUM DX8000 Android payment terminal

Ingenico, a Worldline brand, has received certification by the Royal National Institute of Blind People (RNIB), the United Kingdom’s leading sight loss charity, for the accessibility and usability of its AXIUM DX8000 payment terminal by blind and partially sighted people.

February 1, 2022

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Looking Back on Our 2021 Predictions

With one more year behind us, it’s around this time that we usually assess the market to make predictions for what will come over the next year. Last year, at around this same time, we did just this: posting our predictions for 2021. But before we jump into looking at what 2022 will bring, we first want to review the predictions we made last year to see how accurate they were and what major trends we missed.

February 1, 2022

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Frank Breuss on Fortune: payments landscape in Ethiopia

Frank Breuss, CEO of Nikulipe, sat down with Fortune, to discuss how mobile money is uniquely suited to Africa’s experience to bolster financial inclusion and e-commerce.

February 1, 2022

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BCB Group raises $60m in the largest ever Series A funding round in the UK blockchain industry.

BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, announced today that it has closed a Series A funding round co-led by Foundation Capital. This is the largest Series A funding round for a company in the blockchain industry in the UK.

January 25, 2022

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The big opportunity for Open Finance: Majority of SMEs say financial integrations increase their efficiency

New research from Codat has revealed SMBs’ strong appetite for the benefits of Open Finance, but regulation must prioritize the right data.

Currently, conversations on Open Finance focus on consumer-oriented datasets, like mortgages, investments. and savings, ignoring the most vital financial data to small businesses, their accounting and sales data.

This manifesto makes the case for a fresh approach to Open Finance that will benefit SMBs and their financial service providers, and in turn fuel economic growth. Download our report to find out more.

January 25, 2022