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As digital financial technologies continue to reshape the global economy, central banks worldwide are exploring Central Bank Digital Currencies (CBDCs) as a means to enhance payment systems, drive financial inclusion, and improve transaction security. Papua New Guinea’s CBDC proof of concept Papua New Guinea (PNG) has taken a significant step in this direction with the […]

For years, Alibaba and Amazon have dominated the global e-commerce landscape, setting the benchmark for online retail innovation, logistics and cross-border trade. The future of global e-commerce However, the industry is evolving rapidly, with emerging challengers reshaping the competitive landscape. With ByteDance’s meteoric rise, PDD’s expansion and the shifting dynamics of cross-border marketplaces, a new

The financial industry is in the midst of a technological revolution, and real-time payments are at the forefront of this transformation. Microservices architecture transforming real-time Legacy banks that once relied on monolithic architecture now face increasing pressure to modernise as Fintech challengers set new benchmarks for agility and efficiency. To compete in this rapidly evolving

Traditional methods of sending money across borders – bank wire transfers, checks, and money transfer services – are often slow, expensive and laden with regulatory hurdles. However, digital wallets are increasingly emerging as a transformative force, providing faster, more accessible and cost-efficient solutions for global money movement. Global remittances totalled $794 billion in 2023, and

As has been noted in recent articles, the cross-border payments landscape is evolving rapidly, with digital transactions driving unprecedented growth in international commerce, travel and remittances. Now Visa is getting in on the action with a new report, Unlocking the Future – Banking on Cross-Border Payment Habits, providing a deep dive into consumer behaviours, highlighting

Commercial Variable Recurring Payments (CVRPs) are for many the true catalyst for Open Banking services and the payments industry is poised for their take-off. Benefits are perceived from all players – from greater control and transparency for customers, to lower processing costs for merchants and top level security and efficiency for PSPs and TPPs. Token.io,

Worldpay has announced its acquisition of Ravelin, an AI-native fraud prevention platform based in London. This strategic move will expand Worldpay’s portfolio of value-added services, equipping merchants with advanced fraud protection amid rising global threats. Worldpay acquires Ravelin The transaction is expected to close in Q1 2025, with KeyBanc Capital Markets advising Ravelin and Wells

E-commerce in Europe is in an interesting state. It is both in its heyday and on a trajectory to flourish and grow well into the next decade while at the same time being challenged by hostile economic conditions, unusual competitive forces and regulation. Other factors, such as sustainability and green policies are putting it at

Fraud in the financial sector has reached unprecedented levels, with 2024 marking another year of rising fraud attacks across banks, credit unions and fintechs. According to Alloy’s latest State of Fraud Report, financial criminals and organised fraud rings were responsible for 71% of fraud attacks, shifting industry perspectives on how financial institutions should combat fraud.

The global payments landscape is undergoing a major transformation as cross-border payments become more streamlined, efficient and digitally integrated. Financial institutions, payment service providers, and fintech firms are racing to adapt to new consumer expectations and regulatory frameworks that demand faster, more secure and cost-effective international transactions. The  provides a comprehensive analysis of these evolving