News from the IoT World

The 10th edition of the Worldpay Global Payments Report (GPR) reveals a global transformation in payments. In just a decade, innovation such as digital wallets, buy now pay later (BNPL) and real-time account-to-account (A2A) technology has revolutionised the way consumers pay. Spending through digital payment methods* in e-commerce and in-person shopping grew from $1.7 trillion in 2014 […]

The payments sector is undergoing significant consolidation, with a marked increase in merger and acquisition (M&A) activity. M&A begins to accelerate in payments As economic and regulatory pressures intensify, as well as the access to readily available finance, firms are strategically positioning themselves for long-term sustainability through acquisitions or potential sales. Industry players such as

The emergence of Buy Now, Pay Later (BNPL) services has redefined credit accessibility, allowing consumers to split payments into manageable instalments, with flexible payment solutions playing a critical role in consumer purchasing decisions. Among the dominant BNPL providers, Klarna, PayPal and Afterpay have cemented their positions, each focusing on distinct market segments and geographic strongholds.

The digital payments sector in Latin America is experiencing digital-first financial institutions increasingly dominating online card transactions. Nowhere is this shift more pronounced than in Brazil, where 41% of online credit card transactions originate from digital issuers. This trend reflects the growing influence of fintechs and neobanks in reshaping consumer payment behaviours and redefining the

The European Central Bank (ECB) is actively advancing the preparatory phase of its proposed digital euro, slated for completion by October 2025. Digital euro is now a greater imperative than ever However, recent developments have intensified scrutiny from policymakers and financial experts regarding the feasibility of such an initiative. The prolonged operational failure of the

Southeast Asia (SEA) is rapidly cementing its position as a global leader in digital commerce, with its e-commerce market projected to skyrocket to $325 billion by 2028. This surge is largely driven by the explosive adoption of digital payments and increasing regional interoperability, paving the way for unprecedented growth in cross-border trade. The latest IDC

In a landmark decision aimed at reducing regulatory complexity, Prime Minister Sir Keir Starmer has announced the abolition of the Payment Systems Regulator (PSR). UK abolishes the Payment Systems Regulator The move is part of a broader effort to streamline oversight and promote economic growth by consolidating the PSR’s functions under the Financial Conduct Authority

In a stark reminder of the growing sophistication of financial scams, newly released data from the Federal Trade Commission (FTC) reveal that consumers reported losses totalling $12.5 billion to fraud in 2024 – a 25% increase from the previous year. Consumer losses to fraud soar to $12.5 billion The surge underscores an alarming trend: while

The Eurosystem has finalised its exploratory work on introducing a Verification of Payee (VoP) service, a significant step in enhancing security across the Single Euro Payments Area (SEPA). Eurosystem rolls out Verification of Payee This initiative, leveraging existing solutions developed by Banco de Portugal and Latvijas Banka, aims to support payment service providers (PSPs) in

A new report from BPC reviews the market dynamics and trends in consumer payments that are leading to wholesale changes in how the acquiring business operates. Next-generation acquiring By examining what’s driving change – from regulation and the huge increase in merchants accepting electronic payments through to growing diversity in consumer payment options – the new