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European Payments Initiative appeals for public funding to stay on track
The planned European Payments Initiative a pan-European payments network backed by 22 banks which aims to set up as serious competition to Mastercard and Visa has launched an official appealed... read more
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CBDC: How to save $120 billion in cross-border payments
Global corporates move nearly $23.5 trillion across countries annually, equivalent to about 25% of global GDP. To do this, they have to rely on wholesale cross-border payment processes which remain... read more
The post CBDC: How to save $120 billion in cross-border payments appeared first on Payments Cards & Mobile.
Merchant acquiring: The $100 billion opportunity in small business
Over the past decade, core payments processing has become commoditised, squeezing the margins of merchant acquirers. Their future growth is likely to come from providing merchants with value-added services and... read more
The post Merchant acquiring: The $100 billion opportunity in small business appeared first on Payments Cards & Mobile.
Banks must urgently embrace next generation payments
Payments are entering a new experience-driven era (Payments 4.X), ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite of customers, according to the World Payments... read more
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EBA CLEARING, SWIFT and TCH team to pilot fast cross-border payments
Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... read more
The post EBA CLEARING, SWIFT and TCH team to pilot fast cross-border payments appeared first on Payments Cards & Mobile.
