Financial institutions are on the frontline in the battle to combat financial crimes, such as fraud and money laundering. These criminal activities impose massive costs on the global economy. In fact, the United Nations estimated that laundered money in one year amounts to approximately 2- 5% of global GDP. In this article, we will bring you up to speed with the latest developments and trends within the Anti Money Laundering Area.▶ Watch Now!
2020 was, without a doubt, the year of digitalization. It's the year where every entity, small or large, had to go digital or rethink their digital strategies. The European Commission is no exception, as they just unveiled plans for a bloc-wide digital wallet, following the demand from member states for a secure way to access public and private services online.
Not so long ago, cars have simply been a means of transport. But with the new innovations in connectivity tech, car manufacturers have grown to offer the ability to pay for gas, parking and food right from your car’s dashboard. Read this article for the latest developments in the world of in-car commerce.
American Express is joining a new frontier for the buy now pay later movement. Offering its card members the option to pay for flights in installments. Is this a well calculated investment or is American Express just joining the buy now pay later hype?
Since the start of the pandemic. eCommerce has been skyrocketing, which is great news! The not-so-good news is that eCommerce carbon footprint emissions are skyrocketing too. But what if you could offset the carbon footprint involved in purchasing a new pair of sunglasses?
Although open banking is still a new concept, Europe is seeing a positive growth trend in Third Party Providers. That being said, Europe is still falling behind the UK in terms of open banking adoption. This article covers Instant Card Pay, the latest open banking solution by GoCardless and the open banking field in Europe.
Payments service provider Stripe, just announced rolling out its own Issuing service in 20 European countries. This comes just weeks after revealing its plans to expand to the Middle east. Is this another step in Stripe’s grand plan to boost its penetration rates across the world? And who are their local rivals?
In a country where mobile payments are dominated by some of the world’s largest Financial Services Companies, the last thing you would think of is the entrance of a relatively young challenger bank. But Revolut might prove us all wrong! This article covers Revolut's reported expansion to China.
Just 55 years ago, the UAE was a tiny fishing village before the discovery of oil which has helped to build this urban state. Fast Forward to this day, the UAE is known to be one of the urban miracles to the modern world and one of the top financial centers in the world. This articles takes the reader through the UAE's FinTech journey and covers Stripe's expansion to Dubai.
The pandemic has been a catalyst for digital transformation and acted as an “innovation accelerator” for the economy. Many people experienced placing an online order for the first time or having a job interview via video call, some even realized they can attend an entire event virtually. This article covers Europe’s journey towards a cashless society by looking at payment trends within the continent, the paradox of banknotes, and Germany's decrease in cash payments.
Online supermarket, Picnic is one of the first merchants to offer a one-click payment method in a pilot with Mastercard, Adyen, and Rabobank. Marek explains why this is a huge leap forward for checkout optimization. This article covers cart abandonment rates, network tokenization, online payments architecture in the Netherlands and more
The shift towards cashless payments has driven entire new customer segments to use and favor digital payments. In fact, nearly 50% of global shoppers expressed that they are using digital payments, more than ever before. Evidently, contactless cards are the top payment methods benefitting from this change. What we also witnessed is that in the US alone, e-commerce spending grew by 93% year-over-year in the month of May.
The number of US social commerce buyers accelerated 25.2% to 80.1 million in 2020 and will grow another 12.9% to 90.4 million in 2021. Brands are strategically utilizing Twitter as a platform to implement conversational commerce where customers can interact with their favorite brands.
Buy Now, Pay Later is one of the fastest-growing online payment methods in the Netherlands, the UK, the US, as well as France, Australia, Brazil and Japan. As demand for BNPL solutions continues to grow, Afterpay and Stripe partnered with the goal to expand the reach of installment payments even further.
Mastercard in partnership with IslandPay just launched the world's first central bank-issued digital currency card. Is this another step towards making digital currencies mainstream? In this article we break down this exciting news and explain how this digital currency-linked card works. And as always, we'll also share our thoughts on how this could impact the blockchain market.
Buy now, pay later pioneer Klarna is launching its own banking accounts in Germany. Klarna was already a bank as the holder of a Swedish banking license, but without fully playing the "Bank" role in Europe. This is a remarkable step and certainly a big challenge for challenger banks!
Cryptocurrency has been a hot topic in a number of recent news reports insert popups of news reports, and we’re seeing an increasing number of issuers and banks making efforts in expanding digital currency roadmaps. This article covers Visa’s crypto API pilot and the possible effects of this initiative.
Mastercard has been under heat after it was announced that they will sharply increase interchange fees post-Brexit, revealing the power of credit card duopoly. Let's look at what caused this increase and how it could affect both merchants and buyers.
One-click checkout platform, Fast closes $102 M investment led by Stripe. In today’s episode of all about payment we cover cart abandonment issues and the advantages of one-click checkout, and what your focus should be as owner of an eCommerce site!
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