Blink Payment’s Post

TrueLayer advocates for the UK Government's development of a National Payments Vision, emphasising the importance of clarity, alignment, and certainty in the payments landscape. They propose a clear destination, goal, and timeline to guide this vision, with the aim of transitioning to account-to-account (A2A) payments powered by Open Banking. This transition is expected to increase payment choice, reduce costs for businesses, and enhance convenience for consumers. TrueLayer outlines key enhancements needed to achieve this vision, including cost reduction, speed maintenance, certainty in ecommerce and retail, expanded functionality, and increased coverage at physical point of sale. https://bit.ly/49HbjUz Let us know your thoughts in the comments below 👇 #openbanking #A2A #payments

Digital wallets have become one of the predominant methods of payment for users all across the globe, but can their capabilities reach further heights when it comes to being more compatible with traditional methods? In part two of BPC’s 2025 predictions, four executives at the digital banking platform outlined four key facets of the payment economy that will reshape the industry and unearth new developments that will impact how consumers interact with payments. https://lnkd.in/gjHJa9kn

Digital Wallets and Alternative Payment Solutions Set to Reshape Finance in 2024 #DigitalFinance #PaymentRevolution #SecurityAndConvenience #FintechCollaboration #SeamlessPayments #GlobalPayments #BiometricSecurity #EfficientTransactions #CrossBorderPayments #InnovativeFintechSolutions

Great analysis and predictions by the BPC team across both parts one and two of their 2025 breakdown, highlighting the importance of digital wallet developments, AI, fraud management and whole lot more.

The rise of account-to-account (A2A) payments across Europe, predicted to reduce card transactions significantly, aligns with projections made during the early stages of Open Banking’s launch. As expected, open banking initiatives like the European Payments Initiative (EPI) are driving demand for faster, cost-efficient, and seamless transactions. By cutting out intermediaries, A2A payments offer businesses lower costs and a smoother customer experience—fulfilling the potential envisioned at the outset of Open Banking. #A2APayments #OpenBanking #Fintech #PaymentsInnovation

The UK Government just dropped its National Payments Vision, and it’s a game-changer! 🇬🇧 Basically, the highlights are: ⚪ 48.1 billion payment transactions in 2023 alone! 📊 
⚪ Contactless payments skyrocketed from 3% in 2015 to 38% in 2023 💳
⚪ And 11 million Brits now using Open Banking for account-to-account payments 📱 So, whats next then?🔮 ⚪ New Payments Vision Delivery Committee to streamline regulations! This is needed👮
⚪ Refreshed retail payment infrastructure on the horizon 👀 Is Open Banking and A2A payments the future of the UK’s financial landscape? 💬👨💻 https://lnkd.in/eJGuMacT

🚀 The #UK is leveling up its #payments game! The government has just unveiled its National Payments Vision, setting the stage for a modernised and efficient payments sector. 📊 What’s new? The Vision is built on the Future of Payments Review and brings innovation, regulatory alignment, and tech-driven changes into play. With digital payments booming – contactless transactions grew from 3% in 2015 to 38% in 2023 – the UK is pushing for even more growth with Open Banking and a digital pound on the horizon. 💡 Key moves include: 🔹 A refreshed retail payment infrastructure; 🔹 A focus on #A2A payments for better security and lower costs; 🔹 A roadmap for future initiatives by mid-2025. It's a bold plan with clear objectives. So, are we ready to embrace the future of #payments? 

Over the next four years, a staggering ~$800 billion has been allocated exclusively for payment modernization driven by increasing customer expectations, efficiency targets, and regulatory demands. This substantial investment will be directed towards banks, financial institutions, central infrastructure, PSPs, and FinTechs. The first blog "Revolutionizing Payments: A Deep Dive into Payments Modernization" offers valuable insights into modernization. Stay tuned for the upcoming part, which will help organizations overcome challenges and fully leverage the advantages of payment modernization. https://lnkd.in/g6fixMTU #paymentsmodernization #revolunizepayments #futureofpayments

Bringing even more simplification to the payments process. At Money20/20 USA 2024, we spoke to Dave Glaser, CEO of Dwolla, who is at the heart of a shift taking place in the US. He points to a future where payments could "disappear" through biometric-linked transactions. Glaser lets us know how their secure, cost-effective pay-by-bank and open banking solutions reduce the reliance on traditional methods and legacy systems. It's an exciting example of Open Banking and Embedded finance in action. https://lnkd.in/eEjsDPqP #money2020 #money2020usa #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

About a year after the FedNow service launched, financial institutions are focusing on delivering customer value through overlay services like Request for Payments (RfP) built on instant payment systems. This tool remains underutilized by many banks, with only 39% fully recognizing its high demand, resulting in missed opportunities. Meanwhile, fintechs are ahead of the game, offering streamlined invoicing and QR-based bill payments to attract business clients. It’s time for banks to catch up and harness the potential of RfP. Find out how in our latest blog. Why Banks Can't Afford to Ignore Request for Payment - Finzly https://hubs.la/Q02DSqzt0