In the first quarter of 2024, it has become evident that commerce in the Asia Pacific (APAC) region is gearing up for some major changes. This is mainly due to the emergence of new technologies and shifting consumer habits, which are making the payment scene in countries like Australia, Singapore, Japan, and Malaysia actively fill up with innovative solutions.
14.03.2024
In June 2023, the European Payments Council (EPC) released the updated rulebook for the One-Leg Out (OLO) Instant Credit Transfer (OCT/SCT Inst) scheme. This extensive document contains the guidelines, practices, and standards necessary to ensure interoperability in offering and managing the Euro Leg of international instant credit transfers within SEPA.
04.03.2024
The commerce sphere is always at the forefront of adopting innovative tech solutions. One of the key reasons behind it is the fact that selling products and services to consumers in such a dynamic landscape requires merchants to continuously optimize their operations and stand out through unique offerings.
28.02.2024
Chargebacks, whether stemming from genuine concerns or fraudulent activities, pose a pressing issue for merchants. After all, these fees have the power to chip away business revenue, drain valuable resources, and negatively affect the company’s reputation.
21.02.2024
The payment acceptance rate is a key performance indicator that reflects the ratio of consumer-initiated transactions that were completed successfully. As practice shows, a good benchmark for this KPI is anywhere around 80% or higher, so if your eCommerce business consistently sees lower figures, it is a clear sign that it is time to reconsider your approach.
06.02.2024
Over the past several years, the global payment ecosystem has been experiencing significant challenges, such as major economic shifts caused by the pandemic, rising inflation, and increasing interest rates. These issues have been manifesting themselves across a variety of aspects, including the performance of credit cards.
06.02.2024
According to a paper published by the US Faster Payments Council in January 2024, the value and volume of international transactions over the past decade have grown by 37% and 61%, respectively. While such an increase reflects the improving interconnectedness of the global economy, it also emphasizes the need for more efficient cross-border payment systems.
31.01.2024
In a blog post published on January 9, X, the social media platform previously known as Twitter, confirmed its intention to release an in-house peer-to-peer (P2P) payment solution in 2024. This is big news, as it marks a significant step toward X achieving its goal of becoming an “everything app” with extensive financial capabilities.
31.01.2024
Today’s payment landscape offers users a wide array of alternatives to choose from. Among this variety of options, transactions employing NFC chips and QR codes have become particularly popular over the past few years. What’s more, as we navigate through 2024, we can expect the competition between these two contactless technologies to intensify even further.
26.01.2024
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