Responding to the pandemic: future trends in global payments

Expert Opinion | Ecommerce | Published | Monday 28 Sep 2020 10:54 CET

Wei Zhihong of UnionPay International takes a close look at the ecommerce trends that emerged during the COVID-19 pandemic and how will the industry look like from now on.

read more

Responding to the pandemic: future trends in global payments

Expert Opinion | Published Monday 28 Sep 2020 | 10:54 CET

Wei Zhihong of UnionPay International takes a close look at the ecommerce trends that emerged during the COVID-19 pandemic and how will the industry look like from now on.

read more

Top Stories

PPRO integrates with DOKU and OVO to expand offering to Indonesia

News | Ecommerce | 28 Sep 2020 15:00 CET
UK-based local payments platform PPRO has announced its entrance into the Indonesian market, integrating with DOKU and OVO ecommerce payment methods.
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Gemini rolls out crypto exchange business in the UK

News | Cryptocurrencies | 28 Sep 2020 14:31 CET

Gemini, a global cryptocurrency exchange, has launched services in the UK.


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Aavenir to roll out Invoiceflow updates

News | E-invoicing, SCF & E-procurement | 28 Sep 2020 14:28 CET
Source-to-Pay SaaS solutions provider Aavenir has announced updates for Invoiceflow, including invoice data extraction methods using AI and Digital Workflows on the ServiceNow platform

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Instant payments transaction values to reach USD 18 trillion by 2025

News | Payments General | 28 Sep 2020 14:23 CET
The value of instant payments, where transactions are completed within ten seconds, will reach USD 18 trillion in 2025, according to a new study from Juniper Research.
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India makes GST e-invoicing mandatory from October 2020

News | E-invoicing, SCF & E-procurement | 28 Sep 2020 14:09 CET
The India-based government has announced plans to make GST e-invoicing mandatory for companies starting 1 October 2020.

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Hong Kong Monetary Authority selects ConsenSys for CBDC project

News | Cryptocurrencies | 28 Sep 2020 14:05 CET

The Hong Kong Monetary Authority (HKMA) has selected ConsenSys, a US-based blockchain company, to develop a central bank digital currency (CBDC) project.


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The European Commission releases legislative package for crypto assets

News | Cryptocurrencies | 28 Sep 2020 13:56 CET
In September 2020, the European Commission has published a legislative package for crypto assets in the EU. 

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QuadPay secures revolving line of credit of up to USD 200 mln from Goldman Sachs, Oaktree Capital

News | Online Payments | 28 Sep 2020 13:54 CET
US-based instalment payment platform QuadPay has secured a revolving line of credit of up to USD 200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.

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Visa considering partnering with crypto businesses

News | Cryptocurrencies | 28 Sep 2020 13:53 CET

Visa, a large payments processor, has announced it is considering partnership proposals from an increasing number of crypto companies.


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The UK Chancelor of the Exchequer extends CBILS

News | Payments General | 28 Sep 2020 13:49 CET
The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

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FIS, The Clearing House bring real-time payments to US financial institutions

News | Payments General | 28 Sep 2020 13:46 CET
FIS, a US-based financial services provider, has teamed up with The Clearing House to bring real-time payment processing (RTP) and settlement to small-to-mid-sized banks and credit unions along with their customers.
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Open Banking reaches 2 mln UK-based users

News | Online & Mobile Banking | 28 Sep 2020 13:37 CET
The Open Banking Implementation Entity (OBIE) has reported that after six months since the 1 million user milestone has been reached, the UK user base increased to 2 million.

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Philippines-based PayMongo secures USD 12 mln Series A led by Stripe

News | Payments General | 28 Sep 2020 12:33 CET
Stripe has led a USD 12 million Series A round in online payment platform PayMongo, as announced by the startup.

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Target to test Sezzle Buy Now Pay Later services

News | Ecommerce | 28 Sep 2020 10:50 CET

Instalment payments platform Sezzle has announced the commencement of a Proof Of Concept (POC) with Target.


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buguroo unveils 3DS solution to identify CNP fraud

News | Digital Identity, Security & Online Fraud | 25 Sep 2020 13:27 CET
buguroo has announced its 3-D Secure solution to enable credit and debit card issuing financial organisations frictionless 3-D Secure risky transaction verification.

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Computop, RBI strengthen their partnership for omnichannel payments in Eastern Europe

News | Payments General | 25 Sep 2020 13:19 CET
Computop and Raiffeisen Bank International (RBI) have announced that their cooperation is to be strengthened further to propagate the expansion of omnichannel payments.

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ISO 20022 migration to continue despite delays, Deutsche Bank paper

News | Online & Mobile Banking | 25 Sep 2020 13:05 CET
Deutsche Bank has released a new ‘Guide to ISO 20022 migration’ whitepaper, which offers an update regarding industry shift to the de facto global standard for financial messaging: ISO 20022.

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Prime Trust, Acuant team up to meet AML regulations and manage fraud

News | Digital Identity, Security & Online Fraud | 25 Sep 2020 12:57 CET
Acuant has announced that Prime Trust is engaging Acuant's Trusted Identity Platform for identity verification and compliance.

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Valentus, Realio to tokenize USD +250 mln fund

News | Cryptocurrencies | 25 Sep 2020 12:43 CET
Technology ecosystem for institutional-grade digital assets Realio and Valentus Capital Management have partnered to enable the digitisation of an array of private equity opportunities.

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