Tag: Digital payments

The Bank of Indonesia has launched a new retail payments system to help cut the cost of money transfers and support the growth of the digital economy.

A recent study by payments platform Paysafe has found 52% of customers worldwide are keen to see more payment options available for use at the checkout.

The Central Bank of Sri Lanka (CBSL) has introduced LANKAQR, a new digital payment solution focused on reducing cash reliance and bolstering financial inclusion.

Usage of digital payments in Europe is expected to rise by 70% in the next five years, as the global e-commerce landscape becomes worth $6.9trn.

A recent study by card issuing platform Marqeta has examined the potential roadblocks and innovations that may arise over the next decade in the payments industry.

A recent study by payments-as-a-service platform Modulr has found 65% of over 65s are open to using new financial services or payment methods for convenience.

The European Banking Authority (EBA) has officially repealed its guidelines on the security of internet payments under the former Payments Services Directive (PSD1).

A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.

A survey by Merchant Advice Service has found over £1bn is lost every year by online retailers due to a lack of available payment methods.

Instant invoice payment firm Previse has partnered with e-invoicing business Pagero to enable instant, embedded finance to be delivered on the latter’s open business network.