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The Centre for Finance, Innovation and Technology (CFIT) is spearheading a transformative initiative to combat economic crime and enhance financial security across the United Kingdom. Combatting economic crime with digital ID With support from over 70 organisations, including prominent financial institutions and regulators, CFIT is developing a digital company ID that promises to streamline business […]

The European Central Bank (ECB) has released its second progress report on the development of a digital euro, exploring the potential for issuing a central bank digital currency (CBDC) for the euro area. The report highlights significant strides made in establishing the digital euro’s foundational framework, signalling its role as a potential game-changer in the

The adoption of digital payments continues to accelerate across the US and Europe, reshaping consumer behaviours and driving innovation in commerce. Findings from McKinsey’s ninth annual Digital Payments Survey highlight the growing integration of digital payment methods into everyday transactions, with roughly 90% of consumers in both regions reporting usage in the past year. The

As the global economy grows increasingly interconnected, cross-border payments have become a critical area of focus. Yet, as pointed out before by Payments Cards & Mobile, challenges such as high transaction costs and complex compliance processes continue to plague the correspondent banking model, a backbone of international finance. Policymakers and financial institutions alike are now

Ecommpay has launched a new Payouts via Hosted Payment Page facility, streamlining the payout experience for merchants and other businesses. The new, efficient way to process payouts to payment cards as well for deposits made to Apple Pay and Google Pay, the advanced Payouts via Payment Page solution is an industry first and game-changer for

The P2P payment market (peer-to-peer) is experiencing unprecedented growth, with its value soaring from $3.21 trillion in 2023 to a projected $13 trillion by 2032, according to a recent report. This robust trajectory reflects a compound annual growth rate (CAGR) exceeding 15% between 2024 and 2032, fuelled by the widespread adoption of digital wallets and

In a ground breaking development poised to redefine global capital markets, 21X has become the first ever entity to receive a license to operate a blockchain-based trading and settlement system that is fully regulated in accordance with European  Union (EU) law. Fully regulated blockchain trading Granted by BaFin, Germany’s financial supervisory authority, this license marks

The UK’s point-of-sale finance market is undergoing significant shifts as HSBC launches its BNPL solution, Flexipay, just months after fintech firm Divido, partly backed by HSBC, announced insolvency. HSBC enters BNPL market Divido, once a promising fintech in the embedded retail finance space, entered administration in July. Founded in 2014, it offered a white-label consumer

We sometimes tend to give more attention to our physical security than we do to our online safety. Securing your online casino But do you know that as the online casino industry grows, so does the number of cybercrimes targeting the sector? An industry worth $93.0 billion will definitely not pass the attention of threat

In a landmark agreement, the European Central Bank (ECB) and Norges Bank have announced that Norway will integrate its currency, the Norwegian krone, into the TIPS system (TARGET Instant Payment Settlement) by 2028. Norway joins Eurosystem’s TIPS This move positions Norway as the first non-European Union country within the European Economic Area (EEA) to join