New contenders are challenging the dominance of Swift in the cross-border payments space, compelling it to improve on its flaws.
Latest articles from Payments
Africa’s rising crypto future
August 1, 2022African nations are at the vanguard of the new movement towards central bank digital currencies, in a desperate bid to regain the initiative in the wake of rising cryptocurrency usage across the continent.
South-east Asian central bank payment system linkages require more heavy lifting
July 28, 2022Five regional central banks have announced plans to enable QR code-based cross-border payments. Furthermore, they want to link such a network to other regional payments platforms and eventually to central bank digital currencies.
CPMI report stops short of real-time interlinking payments framework
July 25, 2022While the CPMI provides a review of current interlinking arrangements, being a bit more prescriptive may help the industry in its quest to connect faster payment systems internationally. Heather McKenzie reports.
Buy now, pay later market attracts regulatory scrutiny
July 14, 2022Is the increased regulatory activity around buy now, pay later good news or bad for the financial services industry? Heather McKenzie reports.
Cross-sector action on fraud needed, says UK industry body
July 8, 2022The cost of electronic fraud topped £1bn in 2021 for the UK alone. What more can be done to stem the tide?
India outlines payments modernisation roadmap
June 30, 2022The biggest challenge emerging from RBI’s Payments Vision 2025 is the push to facilitate domestic processing of payments transactions, as well as the move to ISO 20022 standards.
BNPL hits mainstream with Apple Pay Later
June 20, 2022Apple’s entry into the buy now, pay later market has raised concerns among fintech and banks alike. But should they be worried?
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Cross-border payments have given small businesses a booster shot during the pandemic. Let’s top it up
June 6, 2022To get a better sense of the shift in businesses’ attitudes and behaviours as we emerge from the pandemic, as well as payment pain points, Mastercard surveyed leaders of over 3,000 small and medium sized enterprises (SMEs) from around the world for the Mastercard Borderless Payments Report 2022.
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Japan policy unmoved over declining yen
May 27, 2022Japan’s currency has seen a significant decline in value since the start of 2022, yet there has been little policy movement to mitigate this.