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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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Commerce is global and customers not only have large domestic footprints but also increasingly global operations and pay supply chains. As business footprints increase, industries are becoming crowded, more competitive, and brands are fighting for space in their own sector. In the fight for space, the integration of financial services into non-fin...
12 May 2021 /payments
The surge in digital payments brought on by the pandemic is already well storied. Almost anyone who’s bought something in the last year can attest first-hand to the rise in e-commerce and contactless payments. But let’s be clear, this is not a sudden transformation. The critical digital infrastructure for consumer payments was laid over the last d...
06 May 2021 /payments
Oscar Perez Manager at Be | Shaping the Future
COVID-19 has changed the way consumers and businesses shop. The shift from physical to online sales has been significantly accelerated, with the e-commerce proportion of total sales increasing by nearly as much in one year as it had in the previous decade (see US data in the below graph as an example). Both B2C (Business-to-Consumer) and B2B (Busi...
28 April 2021 /payments /predictions
Anna Oleksiuk
Could we have predicted the dethroning of cash in early 2019? Perhaps. But in 2020, multiple tell-tale signs has indicated that in the payments world, cash no longer reigns supreme. The volume of non-cash retail transactions has been growing consistently since 2017 in mature APAC markets (estimated 10% CARG through 2022) and developing economies...
26 April 2021 /payments /covid-19
Michael Ault CEO at UTP Group
For many years, payment terminals have been a vital tool for businesses that complete their customer transactions in-store. The familiar hand-held devices have reliably taken card payments and offered simple additional services like mobile phone top-ups, cashback or electronic tipping solutions. However, with recent technical innovation, boosted...
15 April 2021 /payments /covid-19
The last ten years have seen a transformation in the ways the world does business. Macroeconomic trends, regulatory developments, and technological advances have created new ways for businesses to offer value to customers. Business models that simply didn’t exist twenty-five years ago are now the norm, and are providing useful, efficient, flexible...
03 February 2021 /payments
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Due to the Covid crisis, we have arrived in a major global recession. Not only were there the enormous impacts on the economy of the (semi) lock-downs, but consumption dropped also enormously as consumers are worried of getting infected while shopping, don’t like the shopping experience due to the different sanitary measures or they prefer to incr...
18 January 2021 /payments
Akhil Rao Director at Nth Exception
Data is an increasingly important part of the payment industry. It is collected, analyzed, and used at various points during a payment transaction, and plays a vital role in making sure the payment reaches its intended destination. Data is also at the core of customer security and system innovations. The payments sector is fast evolving, we expec...
21 December 2020 /payments /retail
The move from analogue to digital, already accelerated by Covid-19, will continue apace in 2021. The key factors driving this include: cultural change, growing regulation, cloud uptake and an increased appetite for innovation. Let’s consider the impact of each of these on payments and the priorities for banks in the year ahead as they seek to buil...
18 December 2020 /payments /predictions
Due to the Covid crisis and the resulting increase of working from home (which will likely persist long after the crisis), the precious tradition (wide-spread in many companies) of collecting money for a gift for a colleague (typically for a wedding, child or pension) via a circulating envelope is now disappearing. In our modern digital age, this ...
14 December 2020 /payments /retail
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