UBS has made significant strides in transforming cross-border payments through its latest innovation, UBS Digital Cash. This blockchain-based payment solution aims to increase efficiency, transparency, and the programmability of corporate and institutional financial transactions. In a successful pilot program, UBS tested the solution across various currencies and locations, targeting improvements in payment processing speed and […]

Visa has announced new collaborations with QR payment providers across the Asia Pacific region, marking a significant move toward enhancing integrated, cross-border digital payments. Visa integrates network of QR providers Through these partnerships, Visa will enable consumers to use their digital wallets for QR-based transactions when traveling abroad. This pilot program will begin in Singapore,

A new study from FIS outlines why instant payments will herald a second revolution in digital finance. In the report, FIS explain how banks can best modernise their payment systems to cope with huge increases in transaction volumes, new products and growing regulation… In a recent article, we explained how adopting a step-by-step approach to digital

Spending rashly to cheer ourselves up is nothing new but it’s recently escalated among millennials and Gen Zs. As negative political and economic news escalates on both sides of the Pond, Doom Spending is on the rise among UK and US consumers in particular. Doom Spending – A reckless spiral Many people on both sides

Swift, UBS Asset Management, and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. Successful pilot to bridge tokenized assets Project Guardian, demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. This initiative enables digital assets transactions to settle

A lot has been happening in the realm of Buy Now Pay Later (BNPL) and depending who you ask, latest developments are either sure fire affirmation or total disaster. Those that are Pro say that the shopping phenomenon is here to stay, putting down roots and settling nicely into its upwardly mobile family of lending

The era of quantum computing is rapidly approaching, and its impact on the payments industry is poised to be transformative. Protecting payments in the quantum computing era As quantum technology advances, it offers unparalleled computational power, introducing new efficiencies in data processing, fraud detection, and cross-border transactions. However, this technological leap also presents significant cybersecurity

A new report from Ecommpay and IMRG, has revealed the key e-commerce checkout changes that could boost conversion rates. While the average conversion rate stands at 58%, there is a significant distance between rates for single-page (61%) and multi-page checkouts (56%) as well as between guest shoppers (52%) and registered customers (64%). With 59% of

There’s a clear gap in the acquiring market reckons Vienna-based DIMOCO Payments. For small and micro-businesses with simple payment needs, there are lots of options available. The role acquirers play in achieving growth For larger enterprises with complex needs, there are also plenty of choices. But, for many growing businesses, finding the right acquirer can

In a rapidly evolving global payments landscape, the dominance of the US dollar remains resilient even as new contenders emerge. According to recent data from SWIFT, the dollar’s share of global payments has surged to 49.1% as of August 2024 – a 12-year high. This comes amid growing calls from BRICS nations for “de-dollarization,” as