In today’s digital age, consumers expect instant access to their financial resources anytime, anywhere, and through any channel. However, the reality is that traditional payment systems operate on batch-based processes, slowing down payment processing and causing delays for consumers. This has created a pressing need for 24/7 instant payment options that better align with the digital demands of today’s consumers.
Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France. This new regulatory approval further cements Thunes’ reputation as one of the leading payment powerhouses, connecting Europe, Asia, Africa, the Middle East, and Latin America. This new license enables Thunes to offer global cross-border
As businesses across industries continue to adapt to the rapid changes in consumer behavior, digital payments have emerged as a key driver of success for many. Among the most popular payment options in recent years is “Buy Now, Pay Later” (BNPL). Two companies that have emerged as leaders in this space are Affirm and Stripe. Now, they’re bringing their partnership
It’s no secret that traditional high street banking has been facing significant challenges lately, particularly in the face of increased competition from newer fintech companies. However, recent developments in payment technology and APIs (application programming interfaces) offer a potential solution, provided banks are willing to make some tough choices. In this article, we will explore the role of payments and
Turkish FinTech company, Sipay, is leading the way in payment processing services by offering a comprehensive platform for accessing multiple banks and minimizing the time and effort it takes to deal with various providers. In an interview with PYMNTS, Sipay’s founder and CEO, Nezih Sipahioglu, outlined how the company’s single-API virtual POS solution is transforming the payments landscape in Turkey
The real estate industry has long been known for its reliance on traditional payment methods like checks and wire transfers. However, the industry is now recognizing the value of modern payment solutions, particularly real-time payments, in maintaining and strengthening relationships with vendors and suppliers. As a result, real estate firms across the United States are beginning to explore alternative payment
Real-time payments are transforming the way individuals and businesses move money. As technology evolves and customer demand for instant gratification grows, many companies are looking to adopt a real-time payment system. However, the introduction of real-time payments is not without its challenges, particularly for corporate treasurers. In this article, we will explore the challenges and opportunities presented by real-time payments
The traditional banking industry is not what it used to be. The emergence of fintechs and challenger banks has caused a major disruption and transformation in the banking industry, as these new players offer customer-centric services that are progressively upending the status quo. In this article, we will delve into the world of fintechs and challenger banks to understand how
Leading RegTech provider Know Your Customer is proud to announce its latest strategic client wins in Singapore: Volopay and Coda Payments. The double win comes in the context of an unprecedented growth of the digital payments industry in Southeast Asia, which is expected to reach an astonishing USD 1.5 trillion by 2030. Know Your Customer’s innovative compliance platform will streamline
The behavioral banking solutions provider, exagens, has announced its fourth consecutive multi-year agreement with Desjardins, the largest credit union group in North America with assets of more than $407 billion. This announcement reaffirms the strong relationship that extends back to 2015 and confirms the ongoing value they have provided to both Desjardins and their members over the past eight years.
Household spending has played a vital role in driving the recent economic expansion in the United States. With the onset of the COVID-19 pandemic, many households relied on credit and debit cards to fund consumption needs while they were unable to leave their homes. However, as the economy begins to reopen, households are displaying signs of restraint. In March, household
The world had to adjust to new realities as the coronavirus pandemic brought life to a standstill. Retail businesses faced new challenges with closures, income losses, and consumers relying more on online shopping platforms. A new trend emerged in 2022 named “buy now, pay later” (BNPL) to cater to these shifts in consumer behavior. The BNPL trend originates from e-commerce
