Payment cards cost way too much and it’s getting worse (up 5%-16% in 2019)
The BRC and other UK trade bodies are calling for action to tackle excessive card costs
Payments - Receipts at POS
Background
Point Of Sale (POS) payments are no longer just over the shop counter, they also includes payments from sales on the Internet, on mobile phones and on many other devices. But whatever the POS,…
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The virtual platform allows central banks to evaluate use cases and test roll-out strategies for CBDCs by simulating a CBDC ecosystem.
Digital wallets to represent half of global eCommerce sales by 2023
The fifth annual Worldpay Global Payments Report suggests the global eCommerce market will increase 53% by 2023, to US$5.9 trillion.
Santander Group agrees to acquire merchant services company Elavon México
The group will provide acquiring and payment services to merchants, enabled by its global merchant platform.
Elavon acquires Sage Pay
The acquisition is part of Elavon’s strategy to help its customers become more digital.
Continued growth in China cements UnionPay as the world’s largest card scheme; Visa biggest global
Government-backed financial inclusion programmes driving growth, but UnionPay only represents 1% of cards if China cards excluded
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New schemes; new partnerships; but remember the customer
The economic realities of the global payments industry
McKinsey’s Global Payments Map 2019 report reveals all
SWIFT publishes paper on the European payments landscape
As financial institutions prepare for new European payments architecture, the paper highlights the milestones for action.
U.S. Bank acquires talech to expand digital capabilities
The move is to enable the bank to further support businesses in the digital marketplace.
Progress on blockchain sandbox celebrated in Lithuania
LBChain has already had six fintechs test financial products on the blockchain platform.
Concardis launches card acceptance platform for merchants
The digital product is targeted at SMEs in the DACH region.
HSBC announces three measures to support SMEs in Hong Kong
Two of the moves relate to the government's SME loan schemes.
TSB and Square payments partnership targets UK SMEs
SMEs with a TSB Business Banking account can get free Square POS software and no processing fees on the first £1,000 worth of sales.
Mastercard and Artajasa to partner on Indonesia’s National Payment Gateway
Partnership aims to grow digital payments and drive inclusivity in Indonesia.
Danish businesses turning away from cash
Survey finds electronic payments in Denmark are increasingly popular.
Mastercard acquires Nets’ account-to-account payment business
The move is designed to meet application, service and payment needs of customers across card and account-to-account payments.
Salesforce joins US Mastercard small business programme
Card giant adds customer relationship management tool to its small business proposition
Swift sets out the business case for gpi
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Mastercard and Scandi banks plan real-time payments platform
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Swift invites blockchain companies to join gpi
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MoneyGram gets US$50m boost from union with Ripple
The money transfer company’s strategic partnership with the blockchain solutions pioneer is initially for a two-year period
Future of payment clearing in the UK
Clear Bank’s model changes the game