Just like consumers now expect to be able to book a single journey with multiple airlines in one transaction, rail booking platforms like Trainline and Omio have become essential tools for Europe’s rail travelers who don’t fancy navigating multiple train booking systems to purchase tickets....
Card payments, as ubiquitous as they may appear, are actually not the preferred payment method in certain markets. Take the case of Nigeria, for example. According to Lagos FinTech firm TeamApt, account transfers represented over 80% of all business transactions in August 2022, compared to...
The path to broad retail acceptance of online bank transfers may depend on consumers’ willingness to experiment with new payment methods, and PYMNTS’ data suggests the willingness is there: 29% of consumers are very or extremely interested in trying a new payment method. Moreover, the...
In economic crises, companies often reflexively clamp down on new product and market development, when in many cases such times can be exploited as springboards to growth. Speaking with PYMNTS for the “Executive Insight Series: The Next Three Years,” PayU Global Payments CEO Mario Shiliashki...
As Modern Treasury Co-Founder and Chief Product Officer Matt Marcus sees it, over the next few years, the payments sector will see seismic shifts as transactions make the leap to near-instant settlement and widespread usage. Speaking with PYMNTS, Marcus said he’s grown used to rapid...
Most Nordic countries have at least one nationwide payment scheme to which all financial institutions (FIs) are party. The idea is that a common rule book and shared messaging standard will facilitate payments between any two banks regardless of their unique internal systems. But when...
It’s a widely reported fact that the traditional role of the chief financial officer (CFO) is expanding well beyond balancing books and budgets, and increasingly taking on oversight of entirely new areas and projects — including product design. “One dominant trend we see in the...
The global standards organization overseeing the infrastructure that enables safe and seamless card-based transactions has issued new specifications it says are designed to simplify the acceptance of contactless and mobile payments globally. According to a 300+ page update released Wednesday (Oct. 5) by EMVCo (which originally stood for Europay, Mastercard and Visa), the new specifications seek to unify existing point-of-sale (POS) terminal architecture and come in response to industry concerns. “EMVCo stakeholders identified...
Raiffeisen Bank International (RBI) has partnered with treasury FinTech FinLync on providing cash management services for corporate customers in Austria and CEE using APIs and other collaborations, a press release said. FinLync’s services aggregate global banking APIs to help out with embedded real-time payments and...
