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As the world stepped into 2025, Elon Musk’s X, made a bold announcement that sent shockwaves through both the payments and tech industries. X Money to launch in 2025 X CEO Linda Yaccarino revealed the company’s ambitious plans for a payment system called X Money, set to launch this year. Coupled with a growing suite […]

The European Central Bank’s (ECB) 2024 Study on the Payment Attitudes of Consumers in the Euro Area (SPACE) provides a comprehensive analysis of consumer payment behaviours, highlighting significant trends and shifts in preferences. The report presents the key findings of a study conducted by the ECB, comparing the findings with those of the previous SPACE

Over the past year, the accelerating pace of payment digitisation has become evident in every corner of the globe. While each region is at a different stage of maturity in its transition from cash, non-cash transactions are expected to grow 15% year-on-year and reach $2.3 trillion by 2027. Payments in transition: What lies ahead for

The launch of the Wero digital wallet represents a major milestone in advancing a unified European payment solution – and at Payments Cards & Mobile we covered this initiative a lot in 2024. Can Wero shape the future of European payments? In this discussion with Martina Weimert, CEO of the European Payments Initiative (EPI), we

The landscape of instant payments in the US is undergoing significant transformation, with projections indicating substantial growth in adoption rates by 2028. Accelerating instant payments in the US According to Reed Luhtanen, Executive Director of the US Faster Payments Council (FPC), it is anticipated that within the next four years, 70-80% of financial institutions will

Mastercard and JPMorgan Chase have announced a ground breaking partnership – combining their strengths in blockchain technology – to revolutionise cross-border business-to-business (B2B) payments. Cross-border payments with blockchain This collaboration integrates Mastercard’s Multi-Token Network (MTN) with JPMorgan’s Kinexys Digital Payments platform, streamlining global transactions through a unified API. This innovation aims to tackle persistent challenges

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera, a fintech specialised in payment solutions for businesses, by PayRetailers, a leading payments processor in Latin America and Africa. PayRetailer acquires Transfeera The transaction is part of PayRetailers’ strategy to expand its presence in

In the past decade, digital wallets, also known as mobile wallets, have been one of the biggest developments in the world of both retail and fintech. Shoppers can use them to place an order online, with the digital wallet remembering all their payment and delivery information to speed up the transaction. At cross border retailers this

Generative AI (Gen AI) has emerged as a transformative force in the financial services sector. Scaling generative AI for financial services Within just a year, financial institutions have shifted from experimentation to scaling Gen AI programs, with the technology now viewed as a strategic necessity. However, the challenge lies in implementing Gen AI effectively, avoiding

As the January 17, 2025, deadline for the Digital Operational Resilience Act (DORA) draws near, financial institutions across the EU are under pressure to enhance their cybersecurity and operational resilience. Preparing for DORA Designed to harmonise security standards across the financial sector, DORA’s requirements address vulnerabilities within internal systems and third-party ecosystems. While non-compliance risks