Latest Payments News: Finextra Research

Emirates NBD app-based bank signs with Verrency

Emirates NBD has signed a multi-year deal with Australia's Verrency to co-opt the vendor's payments-as-a-service offering for digital banking subsidiary Liv.

04 December 2018

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Mastercard and Microsoft forge digital identity partnership

Mastercard and Microsoft are joining forces to tackle the messy business of digital identity verification, vowing to kill off passwords and give people a secure, instant way to verify themselves online with whomever they want, whenever they want.

03 December 2018

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Orange to leverage synergy between telco and financial services to compete with banks

After news that Orange had joined forces with MTN, one of Africa’s largest telcos, to form an interoperable mobile money transfer service dubbed Mowali, the new bank revealed the economics behind diversifying their mobile financial services at an event on Friday.

30 November 2018

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ECB launches real-time payments system

The European Central Bank has unveiled its response to the rise of digital wallets with the launch of Target Instant Payments Settlement (TIPS), a pan-eurozone instant payments system.

30 November 2018

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BofE-led ISO 20022 consultation gets industry thumbs up

A Bank of England-led consultation on adoption of ISO 20022 has found widespread backing for the introduction of a Common Credit Message (CCM), which aims to harmonise messaging across the UK’s main interbank payment systems.

30 November 2018

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Mastercard backs Polish startup factory

Mastercard is joining forces with Polish corporate innovation centre The Heart to open a 'startup factory' that builds financial services-focussed tech firms.

29 November 2018

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Revolut approved for Japan and Singapore push

Financial regulators in Japan and Singapore have given a green light to UK-based fintech Revolut and its bid to expand in Asia Pacific

29 November 2018

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Swift Operations Forum Europe 2018, Amsterdam - Day 1 report

Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.

29 November 2018

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Bankgirot signs seven-year outsourcing deal with Evry

Swedish payment processor Bankgirot has outsourced its IT operations to Nordic software house Evry in a seven-year deal valued at SEK700 million.

27 November 2018

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Japan's Line to create smartphone bank with Mizuho

Japanese chat app operator Line is forming a joint venture with Mizuho to launch a new smartphone-based bank.

27 November 2018

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UK competition watchdog says PayPal-iZettle deal could push up prices

PayPal's $2.2 billion takeover of Swedish mobile payments firm iZettle could lead to higher prices and worse service for UK customers, a Competition and Markets Authority (CMA) investigation has found.

26 November 2018

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Spike in fraud pushes up Venmo losses

PayPal-owned P2P payments app Venmo experienced a surge in fraud earlier this year, leading to bigger than expected quarterly losses.

26 November 2018

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