peachwire

Cash use in Peru has declined at a rate similar to that of other comparable markets thanks to a surge in the popularity of bank-owned e-wallets. However, adoption of Peru’s national Real-Time Payments (RTPs) system has been slower. We examine steps Peru could take to drive RTP use, digitalize the Peruvian payments market and deliver […]

A proposal to cap credit card interest rates at 10% has recently entered the US Senate with bipartisan backing – but its clear that the outcome will have ramifications in other credit card heavy markets. Cap on credit cards could backfire While the measure is ostensibly aimed at easing the financial burden on indebted households,

The US’ long-awaited Open Banking framework may be headed back to the drawing board, as the Consumer Financial Protection Bureau (CFPB) considers revoking or reworking its newly finalised rule under Section 1033 of the Dodd-Frank Act. US Open Banking rule under threat The potential reversal has reignited tensions between incumbent banks and fintech challengers and

The UK government has unveiled long-anticipated legislation that will bring the booming “buy now, pay later” (BNPL) sector under the supervision of the Financial Conduct Authority (FCA), signalling a landmark shift in the oversight of digital consumer credit. UK brings BNPL firms under FCA scrutiny For the first time, firms such as Klarna and Clearpay

After years of promising to revolutionise global finance, cryptocurrencies remain at the periphery of mainstream adoption. Crypto’s Paradox The narrative has long focused on technological innovation, regulatory hurdles, and market volatility. Yet beneath these surface-level discussions lies a more fundamental truth: crypto’s future may hinge not on technological superiority, but on borrowing trust mechanisms from

Nuvei has joined the European Payments Initiative (EPI), in a move that will see the Wero digital wallet integrated into ecommerce checkouts across Europe. Wero comes to European e-commerce This strategic partnership marks a significant development in Europe’s pursuit of payment sovereignty and a more unified digital payments ecosystem. Wero, EPI’s flagship digital wallet, leverages

Despite the UK’s early leadership in real-time payment infrastructure, A2A payments (account-to-account) have failed to gain traction for everyday consumer purchases. Why A2A payments have stalled While peer-to-peer (P2P) bank transfers are now a mainstay – used by 85% of UK consumers – A2A consumer-to-business (C2B) payments remain marginal, accounting for just 2% of total

The financial sector is confronting a surge in sophisticated cybercrime  threats, as two leading institutions – NatWest and Coinbase – reveal the staggering scale of digital attacks they face. Cybercrime escalates In recent testimonies and disclosures, both firms underscored the growing complexity of cybercrime, its financial ramifications, and the evolving role of artificial intelligence in

In a landmark development for European payments, CaixaBank and BBVA have successfully executed the region’s first live Request to Pay (RTP) transactions between banks. Europe’s first Request to Pay transaction Conducted in collaboration with Iberpay, the pilot marks a critical step forward in the evolution of instant, customer-centric digital payments across the continent. The transactions,

A coalition of Europe’s largest retailers is calling on the European Commission to clamp down on Visa and Mastercard over what they describe as opaque, inflation-exceeding fees that hinder competition and innovation in the payments market. Retail giants urge Brussels to fees In a joint letter sent on 13 May to top EU policymakers, including