The French payments scene, particularly in the acquiring space, is shoring up a very stable outlook indeed. In March Credit Agricole and Worldline announced their partnership in creating a new major player in the French merchant services landscape. Similarly, in June BNP Paribas and BPCE announced a joint venture whereby they will create a shared […]

As digital payments become increasingly popular, a recent survey conducted by TakePayments reveals the changing payment preferences of UK consumers. Mobile payments overtake cash While trends like “cash stuffing” have fuelled narratives of a return to cash, the survey highlights that digital payments, particularly contactless and mobile payments, remain dominant. This shift presents valuable insights

Klarna has expanded their partnership with Worldpay to enable thousands of new merchants to offer Klarna to their customers. Klarna and Worldpay partner Under the expanded partnership Klarna will become a network of choice, offered as a default payment method to Worldpay’s merchants globally, alongside traditional card payments. Worldpay is one of the world’s largest payment

Over the past decade, the combined market capitalisation of specialist payments companies has increased from $400 billion to $1.4 trillion according to Mckinsey. In addition, more than 384 unicorns with a combined valuation of $1 trillion have emerged, a tenfold increase from 39 unicorns five years ago. These conditions set the backdrop for the six

Global economies can save $3.13 trillion by using AI to detect and prevent money laundering and terrorist financing, which costs trillions of dollars annually, according to the inaugural Napier AI / AML Index, published today. AI to detect money laundering The Napier AI / AML Index provides the industry’s most comprehensive insights into the impact of

When Goldman Sachs and Apple launched the Apple Card in 2019, they promised to deliver a new kind of credit card experience. Apple and Goldman – A cautionary tale Both companies, however, were new to consumer finance, and this ambitious partnership became a cautionary tale on the complexities of retail banking and regulatory oversight. The

In a new study published recently, we explain how explosive growth in instant payments will create both risk for banks, as well as opportunities for new products and services. However, banking systems need wholesale transformation to fully exploit this second digital revolution in financial services… Our new report, “Instant Payments: a second revolution in digital finance?” outlines how banks have

The European Central Bank (ECB) has unveiled a new set of initiatives designed to enhance cross-currency instant payments within the European Union (EU) and potentially expand these capabilities globally. Cross-currency instant payments initiative Built on the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service, this ambitious project supports the G20’s objective of creating a faster, cheaper,

In a ground breaking move for African banking, Standard Bank, the continent’s largest bank by assets, has announced a partnership with Volante Technologies to advance payment modernisation across Africa. This ambitious project marks one of the largest Payments as a Service (PaaS) initiatives in history, covering 18 countries beyond the already live operations in South

Project Mandala, developed by the BIS Innovation Hub, is a compliance solution targeting the complexities of cross-border payments for both commercial and central banks. In its recent report on the project, which offers a highly detailed review, we can summarise by saying it has been deemed a success. This compliance-by-design framework aims to streamline the