By Harsha Maloo, Head of Payments at Synthesis The evolving cross-border payment landscape is witnessing noteworthy developments beyond traditional systems. One notable trend is the plan by BRICS countries (Brazil, Russia, India, China, South Africa) to establish their own currency. For over a decade, the BRICS nations have been seeking to reduce their reliance on
Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across the ecosystem and accelerates the digitization of B2B transactions across buyers and suppliers. In
In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public. A report from earlier this year showed that consumers are looking for more security from their banks: 56% want more security measures for non-routine transactions, and 47% want more even for routine transactions. Clearly, it’s
Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs
A global leader in financial services technology, has announced it has been selected by the research and advisory firm Celent for three XCelent Awards in the “Advanced Technology”, “Customer Base” and “Breadth of Functionality” categories. Celent created the XCelent awards to help financial institutions better understand the vendor landscape and compare solution providers. Celent recognized
Swift has published the results of a global survey of 7,000 consumers and small businesses on attitudes to low-value cross-border payments, finding that security and transparency are the most important factors when sending money internationally. Security was named as the key driver in the selection of a payments provider by both consumers and SMEs, closely
Adyen, the global financial technology platform of choice for leading businesses, is expanding its in-person payment offering with Tap to Pay on Android. The software-based solution allows businesses to convert any compatible Android device, such as smartphones, tablets, kiosks, and handheld devices, into a payment terminal and accept contactless payments, removing checkout friction for businesses.
Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as the financial system adjusts to the end of low-for-long interest rates. To safeguard stability and trust, monetary and fiscal policy must operate within a “region
Reduction in ATM deployment worldwide disguises more positive outlook in majority of markets More than half of countries see an increase in ATM installations New research from RBR’s Global ATM Intelligence Service shows that the number of ATMs installed worldwide fell by 2% in 2022 to stand at 3.0 million. The comprehensive market report and
NCR Corporation, a leading enterprise technology provider, today announced the successful migration of 24 million NCR DI Digital Banking users to Google Cloud’s highly scalable and secure environment. NCR DI Digital Banking’s move to the Google Cloud environment benefits this client base of banks and credit unions by enabling faster time to market for new
