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How the buy now, pay later (BNPL) expansion is transforming eCommerce
Date: October 15, 2024
In the world of online shopping, few forces have been as disruptive and far-reaching as the rise of Buy Now, Pay Later (BNPL) services; what began as a niche offering is now rapidly reshaping consumer spending habits, upending traditional banking models, and challenging how we think about debt and credit in the digital age. The...
How close are we to G20 Cross-Border goals?
Date: October 7, 2024
Attribute to Kamran Hedjri, Group CEO at PXP Financial. Cross-border payments are crucial to the global economy, facilitating transactions across countries and currencies. As such, addressing the challenges in this space is more pressing than ever, prompting G20 leaders to set an ambitious target: 75% of cross-border payments credited to the beneficiary within an hour...
How to choose the right payment processor?
Date: October 7, 2024
Picking the right payment processor for your company is one of the key decisions you make while setting up your web-based business website. However, when you’re ready, it’s more important to guarantee you have the right payment gateway. Payment processors go beyond handling transactions; they can affect the client experience if a client can’t complete...
More haste, less speed – completing deals against the clock
Date: October 7, 2024
By Claire Van der Zant, Chief Growth Officer, Shieldpay The last few years have seen interest rates peak and inflation climb as geopolitical and macroeconomic uncertainties have weighed on markets and the financial sector around the world. While uncertainty still abounds, there has been some uptick in confidence, with data indicating merger and acquisition activity...
SWIFT to trial live digital currency transactions next year
Date: October 3, 2024
By Alun John LONDON (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds...
Britain proposes new powers for banks in fight against fraudsters
Date: October 3, 2024
LONDON (Reuters) – Britain is giving banks enhanced new powers to delay and investigate suspicious payments in a bid to slash the estimated 460 million pounds ($610 million) lost to fraud in the last year. New laws proposed by the UK finance ministry on Thursday will enable banks to pause transactions for up to...