Boaz Gam - page 14
Recent articles
What Impact Will UK's PSD2 Open Banking Have Worldwide?
Open banking continues forging ahead globally, and more and more consumers and businesses start noticing its powerful impact. While the open banking concept has been around since 1983, it is the Second Payment Services Directive (PSD2), introduced in 2018, that has defined it the way we know it today.
Authorization Vs. Capture: Here’s What Merchants Need to Know
From a consumer’s perspective, card payments are quick and simple transactions that only take seconds to complete. However, there are many processes that take place behind the scenes after a purchase is initiated. Understanding these ins and outs of a payment’s lifecycle is extremely important for merchants to deliver impeccable service and retain customers.
The Role of Regulation in the Evolution of A2A Payments
The advancement of open banking and Application Programming Interfaces (APIs) has catalyzed the appearance of multiple new access and connectivity opportunities. This innovation course, in turn, has played a critical role in strengthening the links between FinTechs, banks, and payment platforms and streamlined the rise of account-to-account (A2A) payments.
How Will the EU Commission’s New Regulation Change Instant Payments?
On October 26, 2022, the European Commission published the proposal for a Regulation on Instant Payments (IPs), thus fulfilling its commitment to the 2020 EU Retail Payments Strategy. This initiative suggests important changes to the 2012 SEPA Regulation and has the potential to redefine the way IPs in euros operate.
How Did Southeast Asia Outpace the West in Digital Economy Growth?
As economies across the globe go digital, Southeast Asia (SEA) is surpassing the US, China, and Europe and taking the lead. Over the past few years, SEA’s digital economy has achieved astounding success and reached $143 billion in 2021. What’s more, this number is forecast to increase by more than 17% and hit $314 billion by 20261.
What Does India's Digital Transformation Mean for Online Businesses?
The past two decades in India’s history are known as the national economic renaissance, made possible by the continuous technology-centric innovations driven by local visionary policymakers, ambitious businesses, and open-minded individuals. Due to the progress made throughout these years, the country’s GDP per capita has soared and its digital economy is booming.
Is There Such Thing As Too Many Payment Choices Offered by Retailers?
Online payment methods play a critical role in a customer journey, so the efforts to diversify their selection at checkout have earned one of the top spots on every merchant’s list of priorities. As a result, many business owners try to offer as many payment options as possible. Yet, as new payment methods continue emerging, the amount of choices can become overwhelming for consumers.
Digital ID Wallets: Differences in Adoption Between the EU & the US
The idea of integrating secure and trusted digital ID wallets on a national level has been present in the European Union and the US for many years. Thus, as global digitization continues, both of these geographical areas develop their take on the adoption of this initiative.
How Will Buy Now, Pay Later Service Providers Navigate the Recession?
Buy Now, Pay Later companies have experienced several golden years during the COVID-19 pandemic, marked by the rapidly increasing popularity of their services. However, the future of the BNPL market is currently a hot topic, as the soaring inflation and the potential recession make consumers more apprehensive when it comes to buying expensive items best suited for extended payments.