Payments - Long Reads, News, Articles & Research: Finextra

Cross-border digital wallets are key to financial inclusion

Cross-border remittances are increasingly essential in a globalised world. With the influx in mobile wallet usage, cross-border payments can become easier, less expensive, and more inclusive to those needing to move money abroad. Payments giant Revolut launched its Mobile Wallets service to ease cross-border remittances using IDs alongside only ph...

31 January 2024 /payments

Add to basket – the rise of advanced digital checkout solutions

Jennifer Marriner EVP, Global Acceptance Solutions at Mastercard

Add to basket – the rise of advanced digital checkout solutions

According to research from the Baymard Institute, 70% of digital shopping carts are abandoned, with two in five adults stating complicated checkout processes as the main driver for abandonment. As e-commerce continues to expand, the online payment journey has become highly fragmented and consumer expectations of the digital experience have evolve...

23 January 2024 /payments

Edward Metzger Vice President, Payments Efficiency at Lexis Nexis Risk Solutions

5 payments trends to watch in 2024

Over the past decade, a wave of innovation has swept through all corners of the payments landscape. As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Here are our predictions for the key trends to watch as 2024 unfurls. 1. Account-to-Account payments soar Account-to-account (A2A) payments b...

19 January 2024 /payments

Finextra's top Future Series reports of 2023

Madhvi Mavadiya Head of Content at Finextra

Finextra's top Future Series reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded Future Series reports over the course of the past year. Finextra’s Future Series is an annual editorial report series covering a fintech topic at a high level and includes interviews from financial institutions, usually a global range from EMEA, APAC and the Americas. Top Fut...

28 December 2023 /payments

Madhvi Mavadiya Head of Content at Finextra

Finextra’s top long reads of 2023

With 2023 drawing to a close, we take a look back at our most viewed long reads over the course of the past year. Top long reads of 2023 10. 5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year? Arvin Abraham, partner at Goodwin Procter, explored how fintech is still in its adolescence, but opportunities...

27 December 2023 /payments

What are instant payments? Understanding real-time payment rails

Dominique Dierks Content Manager at Finextra

What are instant payments? Understanding real-time payment rails

Over the last few years, instant payments – also referred to as real-time payments, faster payments or immediate payments – have increasingly come into focus for authorities and financial institutions alike. As transformation continues to accelerate in the financial sector, the need for instant payments has grown tremendously. Yet what is the infra...

18 December 2023 /payments

Who benefits from cutting interchange fees?

Níamh Curran Senior Reporter at Finextra

Who benefits from cutting interchange fees?

The Payment Systems Regulator (PSR) has recommended a cap on cross-border interchange fees after its market review into the fees. This is not the only interchange fees story to hit the headlines this week. Earlier this week, the Canadian government came to an agreement with Visa and Mastercard to lower their interchange fees. From next Autumn, sm...

14 December 2023 /payments

What is CBDC? Understanding digital currencies

Dominique Dierks Content Manager at Finextra

What is CBDC? Understanding digital currencies

CBDC (central bank digital currency) is a form of digital currency that a country’s central bank can issue alongside cash. Their value is linked to the issuing country’s official currency. For example, if the UK were to release a CBDC, it would be called the digital pound. While cash is a physical commodity, a CBDC is a digital currency that can b...

08 December 2023 /payments

New data shows the embedded finance opportunity for SaaS platforms and marketplaces

Ryan O'Holleran Head of Sales, Enterprise, EMEA at Airwallex

New data shows the embedded finance opportunity for SaaS platforms and marketplaces

As embedded finance began gaining traction throughout 2023, Airwallex wanted to explore the appetite among small and medium-sized businesses to receive financial services through their software or marketplace provider. We commissioned Edgar, Dunn & Co to run a comprehensive, global survey of 1,000 small and medium-sized businesses (SMBs) in th...

06 December 2023 /payments

How open banking revolutionises corporate financing and streamlines credit risk management

Marie Costers VP Business Services at Ponto by Isabel Group

How open banking revolutionises corporate financing and streamlines credit risk management

Since open banking launched in 2018, demand for real-time payments and fee savings for merchants has been fuelling adoption. Especially over the last couple of years, adoption has started to rapidly pick up, with Europe boasting the largest open banking market globally. Open banking is rapidly reshaping the payments landscape, yet one area that re...

23 November 2023 /payments

AI: Here's what every bank in the world is working on

Madhvi Mavadiya Head of Content at Finextra

AI: Here's what every bank in the world is working on

Here is a comprehensive list of where each bank is at with their respective artificial intelligence strategy, providing the most recent AI developments across 50 of the largest banks in North America, Europe, and Asia, so bookmark it and use it as a reference tool. According to the annual Evident AI Index, JPMorgan Chase is the most mature when it...

20 November 2023 /payments

How to foster conversations at the intersection of policy, technology and finance

Pat Patel Executive Director at Elevandi

How to foster conversations at the intersection of policy, technology and finance

Today’s fragmented regulatory landscape inadequately serves the ambitious innovators aiming to revolutionise the finance and technology sectors. Although discussions about regulating Big Tech have been ongoing for years, little has been done to counterbalance the sector’s growing influence or to bolster emerging players that are striving to improv...

13 November 2023 /payments

Long reads