Community
With an increase in regulations and growing involvement from multiple players, the world of payments is undergoing a disruption across the region
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Ross Kolodyazhnyi CEO at DCM
The introduction of stablecoins has highlighted a decades-old problem: despite all the tech innovations and dynamics, the payment sector remains slow, unfair, and opaque. They pointed up the need to facilitate access to financial services and cross-border payments. But most importantly, they have come to the forefront of those changes and innovati...
23 March 2024 /payments /predictions
Laurent Descout CEO at NEO Capital Markets
Earlier this month, members of the European Parliament (MEPs) voted to adopt a new set of rules that will ensure transferred funds arrive immediately in the bank accounts of retail customers and businesses across the EU. This follows the landmark provisional agreement reached by the Parliament and Council late last year and requires all payment s...
20 February 2024 /payments /startups
James Booth VP Head of Partnerships, EMEA at PPRO
Supercharged by new payment technology and shifting digital behaviours amidst the pandemic lockdowns, the European e-commerce industry is now expected to hit nearly $900 billion by 2027. For any merchant hoping to expand internationally, Europe is certainly a prime region. However, despite most of the states being members of the EU and thus benefit...
11 September 2023 /payments
Retired Member
Something has to be done to reduce the gargantuan amount of time it takes European consumers on average to get through checkout on an eCommerce website. That was our main takeaway from the PhocusWright EU 2023 that took place earlier this month in Barcelona. The European eCommerce landscape is often characterized by a slow checkout process, with an...
29 June 2023 /payments /regulation
Sergei Romanov CPO at Profee.com
International money transfers are rapidly developing, and every year brings new challenges to the industry. What are the 2023 cross-border remittance trends? Embedded finance Obviously, analytics and experts have been talking about embedded finance and seamless transfers for quite a while, and in 2023 this trend keeps accelerating. The tendency o...
10 February 2023 /payments /predictions
Kim Engman Senior Director at Tietoevry Banking
The Nordic countries and past vikings, are virtually cashless societies in 2023. There's no need to bring cash to come visit. The Nordics (i.e., Denmark, Norway, Sweden, the Faroe Islands, Iceland and Finland) aside for being the happiest group of countries, have intensified their journey towards digital payments. Status and how they got here Even...
30 December 2022 /payments /inclusion
Innovation in payments has long dominated the fintech industry. However, when it comes to clearing houses and large payment infrastructures, progress has been slow. Facilitating instant payments at scale and across borders, for example, has been on the global agenda for a while, such as the implementation of PSD2 which aimed to increase the use of...
06 December 2022 /payments /regulation
John Bertrand MD at Tec 8 Limited
Over the last three months, The House of Lords, European Commission and the Payment System Regulator (PSR) published detailed reports and proposals on how to prevent instant payment fraud. It is not easy and requires multiple partners to work together and consumers and business to do their part to stop these escalating frauds by having robust, man...
30 November 2022 /payments /regulation
Güven Aytaş Head of Global Sales at European Merchant Bank
There is a very good expression: “Money never sleeps”. Definitely, money is on a constant move, so are our lives. Moreover, the Covid-19 pandemic has turned us into digital beings with an intense need for convenience and speed. While individuals can enjoy seamless payment technologies that fit this era, businesses still have some challenges in cat...
13 July 2022 /payments /retail
Digital is completely transforming the way people work across the globe and allowing people to become more interconnected. Machine automation takes away the stresses attached to manual labour and boosts productivity, increasing the value of an employee's output. Equally, automation outsources repetitive, time-consuming tasks, enabling employees to...
16 June 2022 /payments /startups
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