Latest articles from Payments

Transaction banking braced for a year of further consolidation

February 1, 2012

Faced with a mass of regulatory reform and the ill-effects of the sovereign debt crisis, transaction banking is set for more change. And despite the emergence of new competitors, the competitive landscape is contracting thanks to global consolidation. The Banker speaks to some of the world's leading transaction bankers about their strategies for the coming year and beyond.

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Renminbi's global status: a case of when, not if?

January 3, 2012

There seems to be something of an inevitability about the renminbi's rise to reserve currency and global dominance. However, there are mutterings that this ascents will be curtailed by China's development model, corporate governance and financial system.

The extending reach of the renminbi

December 16, 2011

Despite the volatility in the global economy, the international value of the renminbi is increasing. But with China's slowing economy and the uncertainty surrounding how much further the country will go in liberalising its currency, how straightforward is the road ahead?

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African currencies gain favour

October 3, 2011

Most African currencies are in demand thanks to high rates of economic growth across the continent. Analysts foresee this trend continuing over the next decade, with foreign inflows pushing up foreign exchange trading volumes in many African countries.

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Goodbye to FX safe havens

October 3, 2011

Global currency markets have become increasingly volatile as European policy-makers struggle to resolve the sovereign debt crisis and emerging economies try to limit currency rises at the same time as taming inflation. Traditional safe haven countries have been prompted to take historic action in a bid to stem currency appreciation and support exports. But are there any safe havens any more?

Are commodity currencies coming off the boil?

Regulations prompt FX and OTC rethink

October 3, 2011

New regulations, specifically the push towards central counterparty clearing, are having a huge impact on banks' over-the-counter foreign exchange operations. As the banking sector undergoes significant changes, what will this mean for banks' organisational structures and the foreign exchange market?

Are commodity currencies coming off the boil?

October 3, 2011

Commodity currencies have posted record gains in the past two years, fuelled by spiralling demand for food and materials. But some of these countries are now struggling to offset runaway inflation, and the rate of inflows is such that central banks are becoming increasingly helpless to reverse the pressure on their currency. 

M-Pesa, phone money transfer service, Kenya

Are non-bank specialists challengers or partners to banks?

September 1, 2011

Non-bank payment specialists are cropping up all over the world. But are these companies a threat to the more traditional providers of payments, or do these largely niche businesses present partnership opportunities to banks?

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Retailers and card issuers up the stakes in battle over interchange fees

June 1, 2011

Should the payment card industry be a free market? Or does it need to be regulated? The debate is raging in countries across the world, with both retailers and card issuers arguing that tweaks to interchange fees and leaving them shortchanged.

Evolving backdrop raises questions over capital controls

March 21, 2011

Massive capital flows into Asia led many Asian countries to introduce capital controls and other mechanisms in a bid to stem flows and limit rising currency valuations. However, rising inflation and talk of interest rate rises have raised fears about slowing growth, leading to money flowing the other way. 

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