NFC World

Starting immediately, Vipps MobilePay has enabled the Nordic countries 11.6 million Vipps and MobilePay users in Denmark, Finland and Norway to send money to each other, only using a phone number. Vipps MobilePay launch across the Nordics Sweden will follow in the autumn, when Vipps is introduced in the Swedish marked. Despite the countries proximity […]

Synapse, a prominent player in the Banking-as-a-Service (BaaS) industry, recently experienced a major crisis. A domino effect on BaaS and beyond This meltdown has sent shockwaves through the BaaS landscape, raising concerns about operational stability, financial viability, and potential regulatory intervention, writes Jonathan Selby, Risk Management Expert and Tech Industry Leader at Founder Shield. This

94% of surveyed central banks are exploring a central bank digital currency (CBDC). The survey suggests that central banks are proceeding at their own speed, taking diverse approaches and considering different design features. Over the course of 2023, there has been a sharp uptick in experiments and pilots with wholesale CBDCs – mainly in advanced

This year’s Global Payments Report from Worldpay shows continued appetite for online shopping compared to Point of Sale (POS) payments – with implications for merchants, banks and payments intermediaries. Around the world, Worldpay note that e-commerce surpassed $6.1 trillion in transaction value last year – and is growing at more than twice the rate of global

UK Finance has released its card spending data for March 2024, covering the monthly value and volume of transactions across debit and credit cards. The data shows the number of contactless cards in issue in the UK topped 150 million (150,172,000) for the first time in March 2024. This means that contactless cards now make

Just hours after Apple announced it will be withdrawing its Apple Pay Later product and replacing it with a more traditional financing model which includes a financial institution, Laybuy has entered into a receivership. Has BNPL had its moment – Laybuy receivership Laybuy, a BNPL provider which launched in 2017 and once boasted around 766,000

Apple has been forced into an embarrassing about turn with its BNPL product, Apple Pay Later product, that only launched in the US last year. Apple kills Apple Pay Later service in US The cessation of the service is a major blow to the companies ambitions to become a major provider of traditional financial services.

Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack. Mastercard accelerate banking capabilities Mastercard’s global network and digital solutions, paired with Thought Machine’s

In 2022 the use of cash declined by its largest margin in the history of cash. It was perhaps the largest decline on record at least since 650 BC. But this decline is scattered. In the UK cash declined a whopping 35% in the first year of the pandemic, 2020. Even prior to the pandemic,

The third article in our series about the new phygital payments landscape, powered by leading PayTech specialists G +D, looks at the importance of sustainability to phygital payments, the progress we’ve made – and how phygital will enable further progress … No longer just a buzzword, sustainability is now well-established as a vital part of