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The Biggest Trends Driving Innovation in Payments Modernisation

/payments

The Biggest Trends Driving Innovation in Payments Modernisation

Joining the FinextraTV studio at EBAday 2025 in Paris, Conor Colleary, Senior Vice President, Oracle Financial Services discusses ISO20022 developments. Describing the variations in preparedness - from fully prepared to more technically compliant - Colleary explains how the new messaging standards will enable massive data opportunities. Bringing Instant Payments into the conversation, Colleary also helps to contextualise how the payment sector is broadening out and enabling future innovations, such as QR codes, tokenisation in the back office and verification evolutions

Bhutan launches world's first national-level crypto tourism payment system

/crypto

Bhutan launches world's first national-level crypto tourism payment system

Bhutan has joined forces with Binance and DK Bank to become the first country to roll out a national-level crypto payments system for tourists.

Nacha: 80% of banks would reject clients if they processed cryptocurrency

/crypto

Nacha: 80% of banks would reject clients if they processed cryptocurrency

Smarter Faster Payments in New Orleans saw representatives from the Federal Reserve Bank, Citizens, EPCOR and Nacha come together to share their personal views on the potential of blockchain for cross-border transactions and financial inclusion - amid a need for better understanding of digital assets, as well as concerns around anonymity and regulatory uncertainty.

/payments

Alipay see Tap! users pass 100 million within 11 months of launch

Alipay Tap!, a QR code-based contactless payment and customer engagement solution introduced by Alipay in China in June 2024, reports today it has won over 100 million users within 11 months.

/payments

PXP collaborates with PayXpert to enable UK retailers to accept QR code-based payments

PXP, the omnichannel global payment platform and innovative industry disruptor, today announces a new strategic partnership with PayXpert Ltd. a pioneer in omnichannel payments serving local and international brands both online and in-store.

/payments

Payment Options taps MineSec for digital payment acceptance

MineSec is pleased to announce that Payment Options, a leading provider of secure and seamless digital payment solutions, has chosen MineSec as its strategic technology partner to develop and launch an advanced SoftPOS solution. This collaboration marks a significant step in redefining digital payment acceptance for merchants in APAC.

/payments

Noda launches QR code payments for offline merchants in the UK

Noda, a leading open banking payments provider, is launching a new low-cost payment solution in the UK designed specifically for offline merchants across various industries.

/payments

Somalia opens nationwide instant payments network

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions.

/payments

US Faster Payments Council publishes report on impediments to QR code adoption

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today released a new report, Overcoming Instant Payment QR Code Impediments to Adoption: Usability, which examines key challenges in implementing QR code-based instant payments at the point-of-sale (POS) and offers insights into addressing these barriers.

/payments

Bancard and PagBrasil enables Paraguayan tourists in Brazil pay with Pix

Bancard, a leading technology services platform, is partnering with PagBrasil, a fintech specializing in digital payments for businesses worldwide, to enable Paraguayans traveling to Brazil to use Pix via QR codes directly from their preferred banking apps.

/security

CommBank rolls out anti-scam security features

CommBank has launched three new security features in the CommBank app to help combat scams and continue driving down customer losses:

Visa to connect with QR code schemes across Asia Pacific

/payments

Visa to connect with QR code schemes across Asia Pacific

Visa is collaborating with a host of QR payments providers to enable cross-border payments across Asia Pacific.

/payments

Thunes rolls out QR code payments for foreign travellers to China

Thunes, the Smart Superhighway to move money around the world, today announced the launch of its revolutionary QR Code Payments solution.

/retail

Banca Sella is the first bank in Europe to use a QR Code for blind and visually impaired people

Banca Sella is the first bank in Italy and Europe to adopt TQ Braille, an innovative tactile identification tool developed by Piedmont-based company Arti Grafiche Parini that, thanks to a QR Code, makes data and information about products, services and other initiatives accessible to blind and visually impaired people.

/payments

Pine Labs and Visa unveil SoftPOS for QR code payments in India

Leading fintech Pine Labs and Visa, the global leader in global payments have come together to scale digital payments acceptance and further India’s vision of a digital economy by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC) and card payments.

Brazil's Pix lands in Europe

/payments

Brazil's Pix lands in Europe

Brazilian tourists in Spain and Portugal will soon be able to use the Pix instant payments system on their trips thanks to a partnership between PagBrasil and Wipay.

/security

Qashier unveils fraud soundbox for QR payments

Fintech startup Qashier today unveiled its QashierPay Soundbox in Malaysia, a revolutionary QR payment terminal designed to elevate the safety and security of digital payments and support businesses as they digitise.

/payments

Alipay smooths mobile phone payments at the checkout

On July 8, 2024, Alipay introduced the Tap! function to expedite in-store mobile payments for users in China.

/payments

Spenda releases Scan to Pay QR payment tech in South Africa

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked.

/payments

SuperUs releases dynamic QR code payment device

Digital payments in India is undergoing a big shift, with the Unified Payments Interface (UPI) emerging as the preferred mode of transaction.

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