PYMNTS AM Radar: IXB Collab Pilot; BNPL Resale Upscale; Money Locomotion; Digital Medical Breakthrough;

PYMNTS AM Radar, bnpl, resale, upscale, IXB payments, TCH, EBA, swift, health tech

It’s Thursday, April 28 and there are 247 days until the calendar flips to 2023, leaving plenty of time to move money around, kick payments down the road for high-end fashion or have a video chat with your primary doc. Here’s what should be on your radar this morning.

IXB Collab Pilot. EBA CLEARING, SWIFT and The Clearing House (TCH) are almost ready to launch a pilot program for immediate cross-border (IXB) payments that would include banks on both sides of the Atlantic. The initial concept was rolled out in October 2021 and included design and proof of concept input from numerous banks. READ MORE

BNPL Resale Upscale. The buy now, pay later (BNPL) industry is anticipated to hit $3.3 trillion by 2030 with more sectors from airfare to healthcare testing the waters. The latest “Buy Now, Pay Later Tracker®” from PYMNTS, in collaboration with Splitit, takes an inside look at the changing faces and latest trends. Pedro Bennasar, head of payment for Vestiaire Collective, a pre-loved high-end fashion platform, said BNPL is bringing luxury to a wider, global audience. READ MORE

Money Locomotion. True money mobility means “any to any” anytime, anywhere, for any reason. The “Money Mobility Playbook: Navigating The Challenges Of Money-In Mobility,” a collaboration between PYMNTS and Ingo Money, examines the blockades hanging up compliant disbursements that are also secure at scale. READ MORE

Digital Medical Breakthrough. Advancements in digital healthcare are being hailed by  Experian Health President Tom Cox as part of the future of medicine regarding convenience and access. More senior members of society are using apps to manage multiple health ailments, while millennials prefer the overall ease of approaching medical services digitally. READ MORE

Tangled Risks. The weakest link is the one that no one else knows is there. Taking a hit-or-miss approach to safeguarding a business against risk is very risky business, Johan Gerber, executive vice president of cyber and security products at Mastercard, and Jennifer Bisceglie, CEO of Interos, told Karen Webster. And it goes beyond cybercriminals.  READ MORE