The banking sector is on the brink of a significant transformation as it prepares to extend real-time payment capabilities to include sending transactions by 2025. This evolution marks a pivotal shift from the current receive-only functionality, driven by competitive pressures and rising customer expectations. Financial institutions that have traditionally used real-time payments to receive funds are now gearing up to
Commerzbank, a leading German financial institution, has announced an expanded strategic partnership with Visa, a global payments technology company, aimed at enhancing card payment solutions. This long-term collaboration will fortify Commerzbank’s payment services while ensuring access to Visa’s future innovations. The primary objective is to strengthen Commerzbank’s position in the payments sector by prioritizing Visa debit and credit cards for
Revolut, the global financial app boasting a customer base of over 50 million, has taken a significant step to support Ukrainian residents by broadening its array of services and spearheading a new charity campaign. This initiative primarily focuses on providing Ukrainian residents with access to European Revolut accounts, which come equipped with innovative financial products like instant, fee-free peer-to-peer transfers
In a strategic move aimed at catering to the growing demand for flexible payment solutions in the B2B e-commerce market, Allianz Trade has expanded its e-commerce team across Northern Europe. This is driven by the spike in demand for its Allianz Trade pay solution. The leading trade credit insurer has made five pivotal appointments to strengthen this initiative, underlining the
In December, bank lending in the Philippines saw its most significant growth in two years, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP). Outstanding loans by universal and commercial banks surged by 12.2% year-on-year to P13.1 trillion, compared to P11.7 trillion in December 2022. This marks the fastest pace of lending growth since December 2021 when it
In the era of globalization, there is an increasing demand for seamless, real-time cross-border payments. Chinnapa Reddy Yeruva, an expert in payment systems innovation, delves into the evolving landscape of instant global transactions. He discusses the challenges and technologies transforming payment infrastructures, with a focus on fostering efficiency, transparency, and accessibility. The Growing State of Global Real-Time Payments Current Transactions
When was the last time you left the house without your smartphone? If the mere thought of that makes you feel uneasy, you can join three-quarters of all Americans. Smartphone adoption is long past its infancy. Around 90% of the global population owns a smartphone and we’re using them for more than calling family or scrolling through social media. Mobile
In the dynamic realm of financial services, peer-to-peer (P2P) lending has risen as a significant force, redefining access to capital for both individuals and businesses. As we navigate through 2025, P2P lending has not only flourished but also undergone noteworthy transformations, driven by advancements in technology, evolving regulations, and shifting consumer preferences. This evolution has enabled the industry to meet
As merchants in the UK and US continue to navigate the rapidly changing digital landscape, they are increasingly recognizing the critical role that payment technology plays in driving their growth and success. A recent survey conducted by PXP, an omnichannel global payment platform, in collaboration with Censuswide in January 2025, revealed that 64% of merchants view payment technology not just
As the complexities of the payment landscape continue to grow, modern merchants are facing unprecedented challenges in ensuring smooth transactions. Historically, businesses have relied on simple card transactions, but this is no longer sufficient. With the rise of numerous payment methods, it has become imperative for merchants to support a variety of systems to remain competitive. To address these evolving
Duck Creek Technologies, a global leader in intelligent solutions for property and casualty (P&C) and general insurance, has garnered significant attention by announcing a strategic partnership with Worldpay, a prominent name in payments technology. This collaboration is set to revolutionize the insurance sector by integrating Worldpay’s advanced global payment capabilities into Duck Creek Payments, providing a seamless, end-to-end payment management
In a strategic move that underscores both its challenges and potential, fintech company Paysafe Ltd., valued at $1.4 billion, is contemplating a sale after receiving takeover interest. Paysafe, widely known for processing transactions on a global scale, has appointed a financial adviser to assess its strategic options. This comes despite the firm’s market value dropping by a staggering 80% since
