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Alternative Payments (APMs), Daily news, Digital Payments, E-Money, FinTech, global payments revenue, Instant Payments, Mobile Banking, Mobile payments, Mobile Remittance, Mobile Wallet, Open Banking, P2P, payments revenue, Real-Time Payments -

As much as 15% of banks’ global payments revenue, or $280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more... more

The post Report: Banks risk losing $280 billion in payments revenue by 2025 appeared first on Payments Cards & Mobile.

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API, application programming interfaces (APIs), Daily news, Open Banking, PSD2, Regulation, Regulatory Technical Standards, Strong Customer Authentication, TPP, TPPs -

National Competent Authorities (NCAs) – the national bodies responsible for overseeing PSD2 in EU member states should be flexible around the implementation deadline for PSD2 in a bid to avoid an Open... more

The post National regulators should promote PSD2 flexibility to avoid Open Banking cliff edge appeared first on Payments Cards & Mobile.

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API, Artificial Intelligence (AI), Daily news, digital transformation, E-Money, FinTech, Mobile Banking, Mobile Wallet, Open Banking -

The $1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the anticipated revenue growth,... more

The post Only half of global banks are making significant advancements in digital transformation appeared first on Payments Cards & Mobile.

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Bank of England, Daily news, FinTech, Open Banking, Regulation -

The Bank of England has gone on record saying it will allow FinTech companies to store funds overnight in interest-bearing accounts at the central bank, allowing them to bank at... more

The post Bank of England set to allow access to FinTechs appeared first on Payments Cards & Mobile.

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