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After several years of exploring the potential for a digital Canadian dollar, the Bank of Canada has announced it is shelving its plans for a retail central bank digital currency (CBDC). Bank of Canada walks away from CBDC While the bank initially launched its CBDC research in 2017 in response to the rapid digitalisation of […]

Flutterwave, an African payments technology company, has announced the expansion of its Send App service across 49 US states through a partnership with MainStreet Bank. Flutterwave launches remittance app in US Send App facilitates money transfers from Africans in the diaspora to their families and friends back home. Other key features of Send App include

The way we pay for things is undergoing a dramatic transformation – the trusty plastic card, once a symbol of financial independence, is facing increasing competition from a wave of innovative digital payment solutions. The evolution of digital payments Contactless payments, mobile wallets, and instant bank transfers are rapidly changing consumer behaviour, demanding a shift

Tietoevry Banking worked with Coop Pank to bring market-leading Open Banking services to Estonia and pave the way for advanced Open Finance solutions in the future. Background: Bringing Open Banking to Estonia Coop Pank is a top-five Estonian Bank, established in the nineties by Estonian consumer co-operatives and their clients. This position has given Coop

Swift is moving towards a future where digital currencies and are seamlessly integrated into its extensive global network. Swift’s vision for digital currencies As interest in tokenized assets and Central Bank Digital Currencies (CBDCs) continues to surge, Swift aims to offer its members the ability to transact using both traditional fiat currencies and emerging digital

The European merchant acquiring landscape is as competitive and diverse as ever, with major players like Worldpay, Adyen, and Nexi dominating a market that processes trillions of dollars in annual transactions. European merchant acquiring market According to TSG’s 2024 European Directory of Merchant Acquirers, these three companies rank at the top of a fragmented, complex,

Consumer trends, such as demand for Embedded Finance (EF), and rise in use of non-banking provider financial services illustrate a change in the way products are perceived and consumed: customers now subscribe to an ease of use, a means, a journey, an experience. According to a new research white paper from Visa, merchants wise to

A collaborative and accessible ecosystem are crucial tenets for the success of real-time payments. Enough institutions need to be bought in – whether through mandates or market-driven demand – and systems and infrastructure need to be supportive of new partnerships with non-licensed players who will bring great value and innovation in new strategies. The report,

The concept of digital currencies has gained traction over the past decade, and while no single initiative has yet transformed the global financial system, discussions around the digital pound in the UK suggest that change could be on the horizon. The digital pound: Potential impacts As the Bank of England and HM Treasury continue their

dtcpay, a digital payments solutions provider, and Visa have announced a partnership agreement to drive digital payments in Singapore. dtcpay and Visa partner for on crypto to fiat card The partnership aims to integrate dtcpay’s digital payments capabilities with Visa’s global payments network to enable access to 130 million merchants across more than 200 countries