NFC World

By 2030, more than one in three payments will be instant. However, merchant acquirers and Payment Service Providers (PSPs) remain stuck in the “old world” of overnight settlement, operating on end-of-day interchange reporting and fee calculation which costs them millions. This is because they are not adopting a dynamic pricing approach to transaction fees, interchange […]

The Bank of England has been handed the reins of a long-overdue reform of the UK’s retail payments infrastructure, as Governor Andrew Bailey issued a stark call for urgent modernisation in his Mansion House address on Tuesday night. Bank of England takes control of UK payments Describing the need for innovation as “urgent”, Bailey declared

PayPal has deepened its involvement in digital assets with a new integration into cryptocurrency exchange OKX, aiming to streamline crypto transactions across the European Economic Area (EEA). PayPal and OKX partner to simplify crypto The partnership allows OKX users to purchase and deposit cryptocurrencies using their PayPal accounts, including funding sources such as balances, linked

Southern Europe’s e-commerce sector is entering a period of unexpected dynamism, with Spain, Portugal and Greece all forecast to exceed global average growth rates through to 2029. According to data from ECDB, these markets are poised to outperform the worldwide e-commerce compound annual growth rate (CAGR) of 8.1%, with Greece leading at 9.9%, followed closely

In 2025, payments infrastructure modernisation is no longer a luxury – it’s a necessity. As the regulatory clock ticks down towards key compliance deadlines for SEPA Instant Payments and SWIFT ISO 20022, banks across Europe, the Middle East, and Africa (EMEA) are scrambling to update ageing systems and unlock the benefits of real-time, data-rich financial

JP Morgan Chase is poised to introduce sweeping changes to the way US Fintechs access consumer bank data — and the financial implications could be seismic. According to sources cited by Bloomberg, America’s largest bank has begun distributing pricing schedules to data aggregators, laying the groundwork to charge technology firms for the privilege of accessing

Lloyds Banking Group is reportedly in advanced negotiations to acquire Curve, the UK-based digital wallet provider, in a deal that could be valued at up to £120 million. The move would mark a significant strategic push by Britain’s largest high street bank into the digital payments arena, as regulators intensify scrutiny on Big Tech’s dominance

While Open Banking and pay-by-bank technologies are reshaping the financial services landscape across Europe and Asia-Pacific, the US remains an outlier. Despite rapid innovation elsewhere, the US has struggled to match the pace of adoption, largely due to structural, regulatory and behavioural roadblocks. Yet, with the right strategic approach, American financial institutions and technology leaders

Monavate has expanded its strategic partnership with Episode Six as it seeks to scale its operations beyond Europe. Monavate deepens partnership with E6 Episode Six, a global provider of enterprise-grade card issuing and ledger infrastructure, will continue to underpin Monavate’s flagship platform, MonavateOne., as it extends coverage into new markets. MonavateOne. enables clients to operate

The Bank of England has fined Vocalink £11.9m ($16.2m) for serious failings in its risk management and governance arrangements, marking the first such enforcement action against a financial market infrastructure provider in the UK. Bank of England fines Vocalink £11.9m Vocalink, owned by Mastercard since its £700m acquisition from a consortium of UK banks in