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News and resources on payments systems, innovations and initiatives worldwide.

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Latest news

Revolut’s Storonsky sells $300 million in company stock

Revolut’s Storonsky sells $300 million in company stock

Lloyds Banking Group plans 292 branch closures in 2025

Lloyds Banking Group plans 292 branch closures in 2025

Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

3

Kuady launches virtual prepaid Mastercard in Peru

Kuady launches virtual prepaid Mastercard in Peru

1

Fero launches embedded personalisation e-commerce tool in UK

Fero launches embedded personalisation e-commerce tool in UK

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Community

Nkiru Uwaje

Nkiru Uwaje Chief Operating Officer at Mansa

Explained: The Tokenisation of Financing

2

Adam Richardson

Adam Richardson Head of Payments Architecture at Icon Solutions

Stability First: Exploring the Bank of England’s Approach to Payments Innovation

Jamel Derdour

Jamel Derdour CMO at Transact365 / Nucleus365

Instant Deposits and Payouts: Shaping the Future of Payments

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

How Digital Payments are Driving Financial Inclusion in India

All /payments opinions
[Webinar] Winning Payment Strategies for High-Opportunity IndustriesFinextra Promoted[Webinar] Winning Payment Strategies for High-Opportunity Industries
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Company updates

All /payments company updates

Mastercard enables international visitors to Tap & Go on Beijing transit

OneTap Loyalty expands after international investment

MoonPay gets Australian registration

Interledger Foundation brings cross-border payments to digital wallets in 130 countries

JP Morgan Payments expands Oracle partnership

/payments

More news

Church of England completes national roll-out of contactless giving devices

Church of England completes national roll-out of contactless giving devices

1

European A2A payments set for take off - report

European A2A payments set for take off - report

7

Swift to develop concrete plans for CBDC and tokenised asset exchange

Swift to develop concrete plans for CBDC and tokenised asset exchange

5

Paymob raises $22 million in Series B extension round

Paymob raises $22 million in Series B extension round

Enfuce brings 2-in-1 debit and credit card to UK

Enfuce brings 2-in-1 debit and credit card to UK

3

NextGen: AI: Challenging the role of AI in financial services

NextGen: AI: Challenging the role of AI in financial services

All /payments news
/payments

Trending

Klarna Bank criticised by FSA over money laundering risks

UK lays the groundwork for open finance era with completion of open banking Roadmap

Swift to develop concrete plans for CBDC and tokenised asset exchange

European A2A payments set for take off - report

Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

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Expert opinions

Nkiru Uwaje

Nkiru Uwaje Chief Operating Officer at Mansa

Explained: The Tokenisation of Financing

The tokenisation of financing, or in plain language the provision of real-world loans using blockchains, is a shining example of the utility of blockchain technology. This financial revolution is slated to boost accessibility, efficiency and transparency throughout the financing ecosystem, but few understand the technology enabling this shift. W...

/payments /crypto Innovation in Financial Services

Adam Richardson

Adam Richardson Head of Payments Architecture at Icon Solutions

Stability First: Exploring the Bank of England’s Approach to Payments Innovation

On 30th July, the Bank of England (BoE) published a new discussion paper outlining its approach to innovation in money and payments. The BoE’s goals are to maintain stability, trust and confidence in sterling. Its approach therefore concentrates on ensuring that electronic payments, however they are made, are settled in money held at the Bank. The...

/payments Banking

Jamel Derdour

Jamel Derdour CMO at Transact365 / Nucleus365

Instant Deposits and Payouts: Shaping the Future of Payments

The rise of instant deposits and payouts is reshaping the global financial landscape, offering consumers and businesses faster, more efficient, and more convenient ways to manage their money. Instant payments, which enable the immediate transfer of funds, are becoming an integral part of financial services, from personal transactions to business o...

/payments /markets Innovation in Financial Services

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

How Digital Payments are Driving Financial Inclusion in India

Financial inclusion is a critical enabler of economic development, ensuring that all individuals and businesses, regardless of their financial status, have access to essential financial services. In India, financial exclusion has long been a significant barrier to economic progress, particularly in rural areas. However, digital payment systems are...

/payments /inclusion

Jagdish Udayakumar

Jagdish Udayakumar Head of New Business at FIS

The Rise of Digital Payments : UPI Leads the Way

Financial Inclusion and Digital Explosion During my recent visit to India, I noticed three significant changes in the city's banking and payments landscape: financial inclusion, infrastructure expansion, and digital explosion. The deep-rooted penetration of smartphones and the widespread adoption of bank accounts, driven by government subsidies an...

/payments /retail

All community in /payments
/payments

Trending

Nkiru Uwaje

Nkiru Uwaje Chief Operating Officer at Mansa

Explained: The Tokenisation of Financing

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

How Digital Payments are Driving Financial Inclusion in India

Jagdish Udayakumar

Jagdish Udayakumar Head of New Business at FIS

The Rise of Digital Payments : UPI Leads the Way

Anna Kuzmina

Anna Kuzmina Expert at Fintech

Ora(nia)

Ruchi Rathor

Ruchi Rathor Founder at Payomatix Technologies

The Rise of Digital Wallets: Trends and Future Prospects

/payments

Research

Microservices Architecture: Future-Proofing Payments Technology

Impact Study

Microservices Architecture: Future-Proofing Payments Technology

It is high time for banks to move away from legacy thinking and embrace modernisation to remain competitive in the industry.  Financial institutions have long been threatened by innovative, tech-savvy fintech firms that do not have to maintain decades-old back-office systems. Core banking systems within banks have evolved, but with additional pressure from incoming regulation and subsequent reporting, progression and modernisation has not kept pace with industry developments.  In the US alone, the real-time payments market is expected to grow at a compound annual growth rate of 31% until 2030. An institution’s success in scaling their payment processing in response to this shift will rest heavily on how their systems are set up.  Cloud-native payments processing is the most viable option to keep pace with innovation demand and competition; enabling banks to build upon flexibility, at low cost and risk. These enablers also make cloud infrastructure – both public and private – attractive for banks that have struggled to streamline, maintain and upgrade their legacy infrastructures.  This Finextra research paper, produced in association with Diebold Nixdorf, explores the opportunities of microservices architecture. It discusses:  Then & Now: Monolithic vs. microservices architecture  Overcoming microservice challenges  The benefits of a micro-approach  Real-world examples and cases studies  And more. 

201 downloads

APIs, Automation, and AI

White Paper

APIs, Automation, and AI

An Arsenal to Defend Against Card Transaction Fraud Fraudsters are no longer individuals who are looking to infiltrate gaps or weaknesses in how our businesses are set up. They are expert technologists and strategists that steal customer data, take over accounts and break into tough security measures. Between 2023 and 2027, merchants are expected to lose a total of $343 billion to online payment fraud, driving home the point that the time is now for technology to be leveraged to reduce card transaction fraud, which is growing in numbers and complexity. APIs, automation, and AI are all integral to an effective fraud mitigation strategy in 2024. This Finextra whitepaper, produced in association with Mastercard, discusses how these technologies – if used in the right way – can support financial institutions evolve to emerging threats with increased speed and accuracy.

276 downloads

Payment Fraud in 2024: Who is Liable?

Impact Study

Payment Fraud in 2024: Who is Liable?

Fraud is a billion-dollar business in the Instant Payments era. Statistics show that ecommerce fraud is predicted to exceed $48 billion globally by the end of 2023 alone and could exceed $362 billion between 2023 and 2028.  In 2024, banks will not only contend with the changing liability landscape, but the upcoming adoption of ISO 20022 as well. Both represent a historical shift in the financial services industry. To prepare for a higher degree of liability in a data-rich environment, banks need to address the holistic landscape of fraud mitigation.  This Finextra impact study, produced in association with NICE Actimize, addresses the changing liability landscape and what banks need to do to prepare for regulatory changes and increased fraud protection.  We cover:  Shifting liability and the impact of new PSR regulation  ISO 20022’s impact on the financial industry  Financial industry priorities in 2024  And more. 

618 downloads

All /payments research
/payments

FinextraTV

The Intersection of Wildlife Trafficking and Financial Crime

The Intersection of Wildlife Trafficking and Financial Crime

FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. Exploring the objectives of the report, the pair doubled down on the importance of enforcement data and how this data can be used for good by looking for patterns that are more relevant to financial institutions than first thought. Further, financial institutions must consider wildlife trafficking as organised crime and as the money involved cannot be hidden under the bed - it moves through commercial entities such as airports and shipping ports - this form of money laundering must be mitigated.

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Technology, the Catalyst for Banks to Evolve into Competitors

Technology, the Catalyst for Banks to Evolve into Competitors

How the Commercial Payments Market is Evolving

How the Commercial Payments Market is Evolving

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

All /payments on FinextraTV
/payments

Events

October 2024

HideShow

October 2024

HideShow

Webinar

Payment Orchestration: Remaining Relevant in Today’s Market

How can businesses offer a closed-loop, single vendor approach and an open-loop, multi-acquiring strategy at the same time?

Speakers from: ACI Worldwide, BNY

Online 426

Webinar

Winning Payment Strategies for High-Opportunity Industries

What fintech trends are shaping the future of high opportunity industries?

Online

Webinar

Global Trade Based Financial Crime: Where Trade and Payments Meet

How confident and mature are financial institutions in detecting and mitigating trade based financial crime?

Speakers from: Eastnets

Online 193

Webinar

Automated testing: The road to evergreen compliance

How can banks future-proof their compliance process with automated testing?

Speakers from: UNIFITS

Online

Webinar

SEPA Inst Mandate: Impacts on Day 1, Day 90 – and beyond?

EU Instant Payments – opportunities and challenges, out of the gate and down the road.

Speakers from: ACI Worldwide

Online 390

5 Events in October
Show
All /payments events
/payments

Long reads

What is embedded finance?
Hamish Monk

Hamish Monk Reporter at Finextra

What is embedded finance?

The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed $730 billion​. A new ecosys...

The top payment stories you missed in July
Dominique Dierks

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

Payments processing: Why banks should take a composable approach
Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

All /payments long reads

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