NFC World

Total UK fintech investment hit $7.3 billion in H1 2024, up from $2.5 billion in the same period in 2023, according to KPMG’s latest Pulse of Fintech report, a bi-annual report on fintech investment trends published today. UK fintech investment triples Despite the almost threefold increase, geopolitical uncertainty, high levels of inflation and the high interest […]

The UK has reached a significant milestone in its financial services sector, with over 10 million consumers and small businesses now actively using Open Banking technology. UK Open Banking: 10 million users This development, coming six and a half years after the introduction of Open Banking, highlights the transformative impact of digital innovation in the

Consistently ranked as the fastest-growing and most innovative globally, Latin American and African markets have attracted significant investor interest. There’s a comfortable, if misplaced, perception in the West that the economies of Latin America and Africa can be lumped into the category of “developing markets.” As we’ll see, though, much development has already happened in

A new study from the Merchant Payments Ecosystem (MPE) organisation and Arkwright Consulting reveals European consumers and merchants in downbeat mood after the pandemic. With almost all European consumers surveyed saying their standard of living had either declined or stayed the same – merchants themselves are yet to see a meaningful recovery in real sales

The rise of neobanks in the UK has been nothing short of revolutionary. According to recent reports, neobanks are on track to surpass traditional banks in app downloads by 2025, marking a significant shift in consumer banking preferences. UK Neobanks to outpace legacy banks The Shift in Consumer Preferences The growing preference for digital banking

In an era where immediacy is paramount, the 2024 Instant Payments Report by the U.S. Faster Payments Council (FPC) and Finzly provides a comprehensive analysis of the state of instant payments and strategies for financial institutions (FIs) to capitalize on this growing trend. How FIs can leverage real-time payments The report underscores the transformative potential

Inrupt, a company led by Sir Tim Berners-Lee, best known for inventing the World Wide WEB, HAS announced the launch of its Data Wallet. New Data Wallet launched Enterprises and governments use the technology to give their customers and citizens digital wallets for their data, creating a foundation for innovative, intuitive and impactful digital experiences.

According to the latest Digital & Card Payment Yearbooks, the French payments landscape has undergone significant changes, driven by regulatory reforms, technological advancements, and evolving consumer behaviours. With the revised Payment Services Directive (PSD2) and the rise of digital banking, the payment ecosystem in France is more dynamic than ever. Here is a comprehensive overview

As the global financial landscape evolves, the Bank of England (BoE) has released a discussion paper outlining its approach to innovation in money and payments. This comprehensive strategy emphasizes the need to adapt to technological advancements while maintaining monetary and financial stability. The Bank of England’s strategy for payments The BoE recognises the transformative potential

In an era where sustainability and environmental impact are crucial considerations across industries, the realm of payments is no exception. On behalf of the European Digital Payment Industry Alliance (EDPIA), Oxford Economics has conducted a study evaluating the environmental footprint of both cash and digital payment methods across Italy, Germany, and Finland. In its latest