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Turkey-based financial technology company Papara has announced the acquisition of T-bank for an undisclosed amount, with the deal awaiting regulatory approval.
acquisition, online banking, digital banking, regulation
The HKMA has announced the trial launch of its IADS platform, designed for the secure implementation of open APIs and the acceleration of financial inclusion.
product launch, API, mobile banking, online banking, digital banking, financial services, financial institutions, financial inclusion, banks
Pay.UK, Visa, Synectics Solutions, and Featurespace have announced a partnership to fight fraud in UK payments using data analysis and predictive intelligence.
fraud prevention, fraud platform, artificial intelligence, data analytics
The central banks of Russian and Iran have signed a deal to connect national interbank communication and transfer systems to spur trade and facilitate transactions.
online banking, mobile banking, money transfer, central bank, payments infrastructure
Europol has supplied European data from the SWIFT financial transaction system to the US Treasury Department, ending up with the CIA.
data, SWIFT, financial data, transactions , data breaches
Mark Sutton from Zanders and Edward Ireland from Bottomline Technologies run us through all we should expect from ISO 20022, including benefits and timelines
ISO 20022, Bottomline Technologies, financial institutions, corporates
The Paypers gathered top voices in the payments industry to tackle the significance of the Amazon/Visa story for the future of ecommerce payments (from BNPL and A2A payments as contenders for future monopolies, to what this all means for regulating transaction fees for merchants in the UK)
Visa, Amazon, ecommerce, credit card, interchange fee, CMSPI, Interchange Fee Regulation
A study made by RBR shows that cost pressures is driving banks in more countries to consider pooling or sharing of ATMs.
study, ATM, COVID-19, banks
Marco Fava, Managing Director at CleverAdvice, makes a nuanced and detailed account of two of the most notable M&A stories of 2020 in the payments industry: Nexi-SIA and Worldline-Ingenico
Marco Fava, CleverAdvice, Nexi, SIA, Nets, Worldline, Ingenico, payments , online payments, mergers and acquisitions, merger, acquisition, Nexi Payments, Europe, Italy, France, Nordics, payments service provider, PSP, ATM management solutions, European Automated Clearing House Association, TARGET2, RTGS, Nexi SIA, Worldline Ingenico
Italy, banks, Corda, interbank data transfer, R3, blockchain, transaction logs, reconciliation, Interbank Agreement, NTT Data, bank technology, SIA
The latest updates on the payments’ evolution in the last three years are depicted here by Innopay’s industry experts.
INNOPAY, innovation, mobile payments, payment platforms, online banking epayments, payment methods
Hong Kong and mainland China have partnered on a blockchain project to improve their trade finance operations.
Hong Kong, mainland China, blockchain, trade finance, The Hong Kong Monetary Authority, eTradeConnect
Visa and Revolut have announced a new agreement that aims to help Revolut expand its business globally.
Visa, Revolut, issuing partner, global expansion, partnership, fintech, cards, banking, exchange, interbank exchange, cryptocurrency, P2P
MUFG Bank has signed a Memorandum of Understanding with Banco Bradesco to collaborate on a new cross-border payment service.
MUFG Bank, Banco Bradesco, cross-border, payment, Ripple
QIWI and Revolut have partnered to launch Revolut services in Russia that will run on the payment infrastructure of QIWI Bank.
Revolut, Russia, QIWI Bank, mobile banking, Visa, money transfers
Central Bank of China has decided to establish a nationwide clearing house for online payments providers, who have to route their transactions via the new platform.
Central Bank of China, China, clearing house, B2B, payments providers, online payments, platform
People`s Bank of China is creating a new clearinghouse for online transactions, a key step toward closer oversight of the countrys third-party payment market, currently more than CNY 24.2 trillion (USD 3.63 trillion).
China, central bank, independent, clearinghouse, online transactions, online sales, banking, services, Customers
China’s iPhone users will have to wait some more to use the Apple Pay payment system because the latest update to the smartphone’s operating system does not support bank cards from UnionPay.
Apple Pay, UnionPay, China, mobile payments, payments , bank cards
Switzerland-based processor of card-based payments SIX Payment Services has entered a strategic alliance with American Express.
SIX Payment Services, American Express, SafeKey, online fraud, online authentication