Digital wallets have transitioned from merely a payment tool; today, many financial management capabilities can be added to these platforms, helping users to keep track of their expenses, set budgets, and track subscriptions through one window. By infusing the user with all the comfort of finance ...
the challenges involved in considering the potential benefits, costs and risks associated with use cases, including the relative impact of using digital financial market infrastructure and atomic settlement compared to traditional financial market infrastructure from a capital, netting and liquidity perspective...
The payments industry has been full of surprises and innovations ever since the invention of the first bank bill. It has faced many changes and challenges, as well as being impacted by the web, regulations, and globalisation of the markets. We know the past but what about the future?What d...
with many companies vying for market share. This competitiveness has driven innovation and improved consumer services but has also created challenges for smaller companies trying to break into the market.
The payment industry is going through a rapid period of technological transformation. From challenger banks to AI-assisted savings apps, we’ve (...)
However, these challenges also present opportunities for continuous innovation and improvement in digital payroll solutions, emphasising robust data security, user-friendly interfaces, and reliable service. Navigating Compliance in a Multi-country, Multi-jurisdiction Environment ...
Digital wallets have been called the future of real-world payment technology. With major players like Alipay, WecChat 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 ...
Drawing on a decade of reports from industry consultants, the analysis of stories on digital payments identifies three sociotechnical imaginaries that shape the banking and payment industry: data monetization, the growth of digital payments, and the payment experience. The article argues that these ...
Currently, more than ten African countries are in the process of launching central bank digital currencies (CBDCs). While none of these have taken off yet, the potential use cases of CBDCs are relevant for some of the most enduring challenges with payments and transfers in Africa, including ...
Cross-border payments, a natural casualty of reduced travel and global supply chain challenges, accounted for the remainder of the revenue decline. By contrast, the explosion in e-commerce and reduction in cash usage helped minimize the decline in domestic transaction fee income. We...