Dec 24, 2024 · Limited Payment Options: Nearly 10% of consumers under 34 abandon bookings if mobile payment solutions like Apple Pay or Android Pay are unavailable.; Lack of Transparency: Hidden fees and unclear pricing structures frustrate 25% of respondents, leading many to seek more transparent providers.; Cumbersome Booking Processes: Over 20% of consumers report that travel bookings are more complicated ...

The payments industry: A catalyst for transformation in financial institutions. Mick Fennell sets out six key trends for 2025 with a number of these developments driven by specific events with deadlines that will shape the business strategies of each player...

Dec 18, 2024 · EU digital identity wallets: Steps for successful implementation. The European Digital Identity Regulation or eIDAS 2.0 has the potential to completely transform and streamline the way we think about payments, if done the right way, argues Jan Van Vonno

Oct 30, 2024 · The rise of RTP and cross-border payments presents both opportunities and challenges for European banks. Collaboration with industry stakeholders, investment in technology, exploring new business models, and a customer-centric approach are key write John Barber and Siva Subramaniam

Dec 4, 2024 · Martin Hargreaves, Chief Product Officer at Quant, sets out 2025 payments sector forecasts image credit shutterstock A low-growth environment, combined with rising competition from fintechs and regulatory reform, means the pressure is on for banks to innovate their payments infrastructure as we head into 2025.

Dec 20, 2024 · International visitors will thus have access to more mobile payment options during their time in China’s mainland. With this partnership, once users link their physical UnionPay cards or activate digital UnionPay cards in the participating wallets, they will be able to pay by scanning Weixin Pay payment codes in China’s mainland, with their home currencies automatically converted to the RMB.

Jul 22, 2024 · Over the past year, many payment providers—including prominent players such as WeChat, Visa, Amazon, and Mastercard—have been piloting and even launching their own palm recognition payment systems. These launches coming in such quick succession is acknowledgement by the industry that palm recognition is the most convenient and secure biometric alternative to mobile wallets.

Nov 27, 2024 · Trends in embedded finance in India. With platforms that include Swiggy, Amazon, and Ola embedding digital payment options, transactions have become faster and more convenient, a trend further propelled by the widespread adoption of UPI (Unified Payments Interface).This allows users to make peer-to-peer (P2P) and person-to-merchant (P2M) transactions between banks.

Jun 27, 2024 · Adyen and WAG. Adyen reported a decline in revenue attributed to initiative to update the merchant agreements to clarify the roles of financial institutions and network scheme providers in payment processing and acquiring services. This led to a reassessment of its accounting for pass-through settlement fees, such as interchange and payment network fees.

2 days ago · The recent implementation of the Digital Operational Resilience Act (DORA) underscores the critical need for enhanced operational resilience within the high-stakes and highly regulated financial services sector. DORA mandates that organisations in the financial sector and in industries providing technology services to the financial sector strengthen their operational resilience through ...