New contenders are challenging the dominance of Swift in the cross-border payments space, compelling it to improve on its flaws.

African 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. 

Five 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. 

While 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.

Is the increased regulatory activity around buy now, pay later good news or bad for the financial services industry? Heather McKenzie reports. 

The cost of electronic fraud topped £1bn in 2021 for the UK alone. What more can be done to stem the tide? 

The 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.

Apple’s entry into the buy now, pay later market has raised concerns among fintech and banks alike. But should they be worried? 

Japan’s currency has seen a significant decline in value since the start of 2022, yet there has been little policy movement to mitigate this.