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In a historic shift for one of Europe’s most cash-affectionate economies, debit cards have overtaken cash as Switzerland’s most used in-store payment method, marking a symbolic turning point in the country’s monetary habits. According to the Swiss National Bank’s (SNB) latest consumer payments survey, 35% of in-store transactions in 2023 were conducted via debit cards, […]

A new global fraud report from  Revolut has cast a stark spotlight on the persistent role of social media platforms – particularly those owned by Meta – as enablers of online scams. The Consumer Security and Financial Crime Report, now in its third edition, underscores the scale and sophistication of financial crime in the digital

In a world where geopolitical tensions increasingly threaten financial flows, the integrity of national payment infrastructure has taken on new strategic urgency. Is Open Banking ready The recent US sanctions on Russia’s Banks and its removal from Swift offer compelling examples. These measures prompted regional banks in countries such as Armenia, Georgia and Kazakhstan to

A landmark stride in European payments infrastructure has been achieved as Italy’s Bancomat, Spain’s Bizum, and Portugal’s MB WAY initiate cross-border mobile transfers under the EuroPA (European Payments Alliance) umbrella. EuroPA launch cross-border instant payments This marks a pivotal moment for interoperability across domestic mobile payment systems in Europe, enabling instant peer-to-peer transactions between users

A new white paper from global payments technology provider RS2 explains how banks can finally overcome their legacy systems, tech challenges and deliver modern, efficient systems – plus the smooth, fast and secure experiences customers expect.        How to solve banks’ legacy systems RS2’s new study notes that banks have held on to

Travel management can feel a lot like a mystery novel, with plenty of twists and turns that can leave you wondering what comes next. But when you add payments to the mix – both for you and your travellers – things can start to get complex. There’s likely a lot on your plate already, after

The global payments industry finds itself at an inflection point. Once a perennial outperformer, the sector is now facing the reality of slower growth, investor impatience, and mounting operational complexity. Boston Consulting Group’s 2024 Global Payments Report, titled “Fortune Favours the Bold,” offers a sobering assessment — and a call to arms for those aiming

The regulatory future of the Consumer Financial Protection Bureau (CFPB) remains in flux, but recent developments suggest a retreat from its more assertive stance on Buy Now, Pay Later (BNPL) oversight. CFPB rolls back BNPL oversight Following sustained industry pushback and ongoing legal challenges, the CFPB has signalled its intention to rescind an interpretive rule

While global e-commerce continues its rapid expansion — projected to hit $32.9 trillion by 2031, according to recent industry estimates — the international payments and settlement sector is facing a markedly slower growth trajectory. SentBe bets on FX infrastructure Forecast to increase at just 5% annually, the sector is contending with rising regulatory costs, legacy

In a new report, BPC explain the market dynamics that are leading to wholesale changes in acquiring. Next-generation acquiring From regulation and a huge increase in merchants accepting electronic payments through to the growing diversity of consumer payment options available, BPC outline why the acquiring segment is going to have to change dramatically to adapt and survive. In