Paymentology, the global issuer processor, in partnership withaudax, a comprehensive digital banking technology solutions provider backed by Standard Chartered, andMastercard,a global leader in payment technology and network solutions, announced the launch of a new report titled“Understanding Cards-as-...
However, new government and regulatory initiatives, coupled with the entry of new local, regional, and global payment providers, are bringing rapid change. Moreover, the COVID-19 pandemic has triggered an acceleration of digital adoption and a flight from cash, as it has in other regions....
The rapid adoption of digital technologies, driven by the Covid-19 pandemic, has heightened the expectations of bank clients when it comes to payments processing. This will require banks to deliver faster and more transparent transactions. At the same time, banks are increasingly using these digita...
15 Digital wallets that are linked to a variety of payment methods, including cards, accounts, and mobile money, also are growing in availability and adoption. Card-linked digital wallets, for instance, are a significant driver of growth in issuance and usage of cards, including virtual cards....
From the early adoption of online and mobile banking to the modernisation of core banking systems, ICSFS has been at the forefront, enabling clients to evolve into true global digital banks through its innovative solutions such as ICS BANKS Global Transaction Banking (GTB). This is our powerful...
Digital systems need more localisation. Lower levels of digital infrastructure, internet availability, or tech-savviness in some parts of Asia could slow adoption. Large, distributed workforces and high labour mobility in Asia can benefit more from centralised digital payroll. Pay...
economy out of the current recession. Investing in future-proof, nation-wide, broadband infrastructure would provide the country with substantial short-term and long-term economic stimulus.Turner, S DerekTurner, S. Derek. Down Payment on Our Digital Future. Stimulus Policies for the 21st Century....
While the shift toward digital payment methods has been underway for quite some time, the last few years have seen growth in online shopping and contactless payments. Gen Z is at the top of this trend, embracing buy now, pay later (BNPL), peer-to-peer (P2P) payment apps, and digital ...
Digital wallets have been called the future of real-world payment technology. With major players like Alipay, WeChat and Apple Pay becoming popular, it seems to be a safe bet that a change in consumer payment technology is coming soon. A recent study by Citi Retail Services found that a ...
(12% for mobile). In some markets, the percentage is substantially higher. Cashless payments have also been receiving a major boost during the crisis. More than 20% of respondents reported increasing their use of digital payment solutions, such as those provided by internet banking and third-...