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Blog: Global — Page 7

Recent blog posts

Key Factors Shaping the APAC Region’s Payment Landscape in 2024
Global

Key Factors Shaping the APAC Region’s Payment Landscape in 2024

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.

4 min
The Value Behind the One-Leg Out Instant Credit Transfer Scheme’s Rulebook
Global

The Value Behind the One-Leg Out Instant Credit Transfer Scheme’s Rulebook

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.

3 min
Main Tech Trends Set to Revolutionize Commerce by 2030
Global

Main Tech Trends Set to Revolutionize Commerce by 2030

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.

4 min
The 2024 Outlook for Credit Cards: Navigating Turbulent Times
Global

The 2024 Outlook for Credit Cards: Navigating Turbulent Times

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.

4 min
Main Cross-Border Payment Hurdles Amid Rapid Modernization
Global

Main Cross-Border Payment Hurdles Amid Rapid Modernization

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.

3 min
X Is Taking Charge of Payments: Which Changes to Expect?
Global

X Is Taking Charge of Payments: Which Changes to Expect?

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.

5 min
NFC Vs. QR Code Payments: Which Method Will Take Center Stage?
Global

NFC Vs. QR Code Payments: Which Method Will Take Center Stage?

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.

5 min
Improving Payment Accessibility: A Detailed Guide for PSPs and FIs
Global

Improving Payment Accessibility: A Detailed Guide for PSPs and FIs

Modern society is becoming increasingly aware of the faults of the past and is focusing on building a better world with core values at its foundation. In the payment sphere, this tendency translates to shaping a financial landscape that embodies transparency, fairness, and accessibility. Yet, the journey toward providing inclusive financial services to every individual is a challenging one.

5 min
Payment Industry Trends 2023 Rundown: Expectations Vs. Reality
Global

Payment Industry Trends 2023 Rundown: Expectations Vs. Reality

As 2024 approaches, it can be tempting to start looking into payment industry predictions. Yet, before delving into future trends and developments, it is crucial to review the past year’s valuable lessons. In fact, one of the most important questions that can be asked during such a reflection is: “Did the industry trends match the experts’ predictions given at the beginning of 2023?”

8 min
Are Bank Cards Soon to Become a Thing of the Past?
Global

Are Bank Cards Soon to Become a Thing of the Past?

Now that the payments landscape is abundant with innovative digital solutions that require nothing but a smart device at hand to make a purchase, many begin to wonder: are debit and credit cards becoming outdated?

4 min
The UAE’s Financial Transformation Agenda: Digital Dirham & Beyond
Global

The UAE’s Financial Transformation Agenda: Digital Dirham & Beyond

An increasing number of jurisdictions across the globe are beginning to recognize the potential of Central Bank Digital Currencies. In recent years, we have seen countries like Sweden, Nigeria, the UK, and the Bahamas, to name a few, roll out their CBDC initiatives. And, based on the latest news, the UAE is ready to join this list, with the first phase of its Digital Dirham project going live in mid-2024.

3 min
Which Trends Are Set to Transform eCommerce in 2024?
Global

Which Trends Are Set to Transform eCommerce in 2024?

The modern payments landscape is continuously undergoing major transformations that never fail to impress. Think about it: in 2021, most people couldn’t even imagine that an iPhone would be used as a POS in business operations. Besides, until BNPL caused a revolution during the pandemic, the only widely accepted way to pay for products and services in parts was by using a credit card.

5 min
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