With cross-border ecommerce having grown by 35% globally over the last year with no signs of slowing down, how do PSPs address this explosion in demand?
In this article discusses the sharp rise in global/cross-border e-commerce and the need to offer a multi-currency solution for accepting payments for merchants.
With 2022 just around the corner, the payments industry in Fast-Growing and Emerging markets is already showing the signs of potential key trends for the next year. Nikulipe’s CEO Frank Breuss identifies three major trends he sees taking off in 2022.
Much has been written of late about how the metaverse will be the evolution of the internet as we know it. With the rebranding of Facebook (now Meta) the metaverse has been pushed into the limelight with organisations considering how they should tackle this global phenomenon. Part of this consideration for many is commerce, how will digital goods and services be paid for in the metaverse? What does this mean for traditional banks vs challenger banks?
PPS, an Edenred company, announces its partnership with UK-based ekko, an iconic climate-friendly debit card, app, and ecosystem that empowers consumers to make a difference in the fight against climate change. The partnership showcases PPS’ commitment to the enablement of the green finance movement.
Paysend, the card-to-card pioneer and international payments platform, reaches 5 million customers globally in under 5 years and is ranked the third fastest growing technology company in the UK by Deloitte, thanks to 14,498 per cent growth.
Looking back over the last 18 months in the payments industry, it’s hard to recall a more turbulent time certainly in the last decade or so, but as always, out of chaos comes opportunity…
B4B Payments (B4B), a leading global provider of card issuing solutions for businesses, is set to join the Banking Circle ecosystem to complement the Banking Circle Payments Bank, providing accounts, payments and issuing to Payments businesses, Banks and Corporates. The deal is now going through the regulatory approval process. After closing of the acquisition, B4B will operate as an independent sister company of Banking Circle.
These changing times have certainly made life ‘interesting’ for mainstream banks. Recent events have seen a marked growth in the digitisation of financial services and the emergence of crypto currencies as payment mechanisms have introduced another digital variable to the banking equation. There is a challenge to mainstream banks to step up to remain relevant in this changing world and to leverage their own trusted brand. Banks can avoid costly transformation and choose new incremental models with the right supporting payments technology.
