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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.
06.02.2024
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.
31.01.2024
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.
31.01.2024
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.
26.01.2024
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.
26.01.2024
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?”
16.01.2024
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?
16.01.2024
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.
10.01.2024
Payment Convenience & Sustainability: Can Businesses Ensure Both?
Nowadays, running a business entails way more than simply attracting clients and ensuring continuous sales. Modern company owners face a variety of considerations that sometimes can be difficult to balance simultaneously. For instance, how do you ensure a convenient payment flow for your clients while keeping it as sustainable as possible?
25.12.2023
