Financial News’ Post

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

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

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

After the payments industry’s incredible decade of growth and recent years of volatility, more change seems inevitable. It’s likely the sector will face difficult times as cash-to-card conversion slows. However, another wave of technological innovation is on the horizon with real-time payments, cross-border payments, and commercial payments. And on the consumer side, a future that further links loyalty, commerce, and payments seems near. https://lnkd.in/gxq3bRuH? #payments #fintech stcr=6DFC967FC60B42EBA3880270E7D32A8B&cid=other-eml-alt-mip-mck&hlkid=5a0bf9d01b24496192658d48fcaf5b6d&hctky=2609379&hdpid=00b75bca-0b64-4706-8c30-fb28b2c656f0

How are open banking, embedded finance and Tap to Pay set to shape payments in 2025? Our Head of Product, Ari Eder met with payment experts from Swiipr and Toqio to discuss 2024 trends and shifts we can expect to see in 2025 📈🔎 Could this be the year we say goodbye to our physical cards? 💳 It is predicted that half the world's population will be using mobile wallets this year. Read part (1) of a (3) part roundtable series: https://bit.ly/402JqDz

“The future of payments is digital, and digital wallets will continue to dominate markets across the world as consumers demand more innovation and convenience in payments and banking.” As we approach 2025, digital wallets are at the forefront of digital transformation in financial services. Nick Holt, our Head of Solutions and Delivery, Europe, shares his perspective on what the future holds in payments 👉 https://bit.ly/4gjCZTl

⚡ Switch it up! ⚡ Do you know what role a Payment Switch plays in the transaction process? Think of it as the unsung hero behind the scenes, directing payment transactions like a master traffic controller. 🚦 But there's more to it than meets the eye. 👉 Dive into the details! https://hubs.la/Q02LTXss0 #PaymentProcessing #DataSecurity #Fintech #BasisTheory #PaymentSwitch #Payments

In my edit of the payment headlines the general themes are growth and acquisitions - we hear from the ECB, Tell.money, Mastercard and NatWest [to name just a few]   Here's what caught my eye:   ECB publishes second progress report on digital euro Deel acquires Wise competitor Atlantic Money Digital banking platform Lumin Digital raises $160 million Kpay secures $55 million Series A Crypto.com gains principal Mastercard licence Ecommpay introduces Hosted Payments Page for streamlined payouts Experian and Nationwide Building Society to improve mortgage application process tell.money partners with Enfuce to Deliver PSD2-compliant Open Banking services Corpay acquires GPS Capital Markets Mastercard agrees to £200m settlement for fee overcharging NatWest launches FinTech Growth Programme Cash use in the UK rises for second year in a row Mambu acquires French payments player Numeral   My story of the week: tell.money and Enfuce partnering up to deliver packaged Open Banking services is perfect match up of the skills and expertise. These types of best-of-breed partnerships are good news for the payments industry…may more continue to be forged.  #payments #fintech #innovation Kani Visa

The emergence of alternative payment rails has forced card networks to pivot to ensure their longstanding success continues. For daily news and analysis subscribe to the www.paymentspeek.com newsletter. #Payments #Finance #Fintech

Paymentology, audax, and Mastercard Launch Report Highlighting the Future of Payments with Cards-as-a-Service (CaaS) Merusha Naidu, Global Head of Partnerships at Paymentology: "The launch of this report comes at a crucial time for financial institutions looking to stay ahead in the rapidly changing payments landscape. CaaS is not just a new model; it’s a strategic imperative for banks and fintechs aiming to streamline operations, accelerate time-to-market, and create personalised payment solutions.” https://lnkd.in/e8Z7QNMv Edward Doljanin Anna Porra Nadia Benaissa Tim Joslyn Stephen Bowe Mike Breen Wenting Chen Gaurang Shah Anthony Haniff #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews