India is paving the path to payments interoperability — not just across providers, but across borders. For payments to become truly ubiquitous — especially real-time remittances — countries’ payments schemes have to connect, streamlining the direct transfer of funds. India’s National Payments Corporation of India...
Recent Big Tech moves highlight advancements in the design of augmented reality (AR) glasses. While the concept has been around for a while — it’s been about a decade since Google Glass first gave AR glasses mainstream attention — Meta’s move to snap up the...
Beyond convenience, there are major safety advantages to a cashless society. Proponents of cashless transactions and electronic money have often pointed to the risk of violent crime associated with storing and transporting large volumes of cash as an argument for reducing its presence in the...
Pending U.K. legislation could boost small businesses’ access to the government’s massive pool of procurement money. The Procurement Bill is designed to make it easier for small- to medium-sized businesses (SMBs) to capture more of the country’s $366 billion the government spends on goods and...
BNP Paribas is considering options to restructure its consumer finance department. The French bank has submitted ideas for a major overhaul of the division to unions, confirming to Reuters Friday (Jan. 6) that “BNP Paribas Personal Finance presented its strategic reflections to the social partners...
The U.K. is upgrading its instant payment system to incorporate a modern ISO 20022-compliant architecture. Known as the New Payment Architecture (NPA), the initial plan is to upgrade the existing Faster Payments real-time rails, with an option to include the older Bacs system in the...
As small- to medium-sized businesses (SMBs) and freelancers extend their global eCommerce reach, making payments should be as easy as sending an email. “Everyone wants to get paid or be paid by someone else,” Anand Bindumadhavan, vice president of global banking at Payoneer, told PYMNTS...
The U.K. pensions dashboard program has been delayed by technical setbacks. The nation’s Money and Pensions Service (MAPS) has fallen behind schedule with its pre-launch testing, according to a Tuesday (Dec. 3) report from The Times. Although there has been no official announcement on the...
Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an application by Ant to expand the registered capital held by Chongqing Ant Consumer Finance from 8 billion yuan to 18.5...