New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important to their customers. However, only […]
Fintech
Revolut: Businesses Turn to Fintech as Legacy Banks Struggle to Keep Up with Demands
Two-thirds of businesses across Europe believe that legacy banks are too slow to meet their financial needs, according to a new survey conducted by global financial app Revolut Business and market research firm Dynata. The survey also found that nearly 80 per cent of businesses have faced issues with high fees, slow transactions and poor mobile experiences from […]
BKN301 Group Brings Financial Inclusion to EMEA with Digital Payments Roadshows
BKN301 Group, a London-based digital payments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financial inclusion. Following an inaugural roadshow held in Qatar (Middle East) earlier this year and a more recent one in Tbilisi – Georgia (Europe) in partnership with British Embassy Tbilisi, National Bank of Georgia, Banking Association […]
Virgin Money Launches Mobiliser Fund to Help Struggling Firms Meet ESG Targets
New research from banking and financial services company, Virgin Money has found that there is a gap between SME decision makers’ awareness of environmental, social and governance (ESG) targets and the actions being taken to achieve them. Virgin Money found that 71 per cent of decision-makers acknowledge that adopting ESG practices is important to their customers. However, only […]
FOMO Pay and Mastercard Collaborate on Tap-on-Phone Payments
Singapore’s FOMO Pay has teamed with Mastercard to debut a tap-on-phone payment solution. FOMO SoftPOS, announced Friday (Nov. 8), lets merchants accept contactless card payments directly on their smartphones with the FOMO Pay app from the Google Play Store. The companies noted in a news release that Singapore is the first Asia-Pacific region company where […]
Sheetz Enhances Customer Experience with Digital Payment Options
Sheetz Launches Cryptocurrency Payment Options Across 750 Stores Convenience store chain Sheetz is collaborating with digital payments company Flexa, enabling customers to use cryptocurrency for in-store purchases at all of its U.S. locations This development follows a successful pilot program. Cryptocurrency as become more prominent in convenience stores. According to Grand View research, the worldwide cryptocurrency’s compound annual […]
AmEx inks data sharing deal with MX
AmEx says the arrangement means customers will now be able to better manage their personal finances and business expenses via secure connections of their card accounts with third-party financial institutions and fintech apps through MX. The integration allows customers to leverage AmEx’s secure authentication procedures while eliminating the need for credential sharing, improving data accuracy […]
It’s Time for B2B Enterprises to Accelerate Adoption of Digital Payments
Whether online or in-store, consumers today expect to be able to pay for goods and services in the manner they choose, be it credit, debit, ACH, PayPal, Venmo, etc. Consumer-facing companies have, for some time now, been investing in and integrating a wide range of payment capabilities to accommodate this expectation and provide their customers […]
Visa taps QR payment providers for Asia digital payments
Visa has collaborated with several QR payment providers to enable streamlined touchless digital payments across Asia. Consumers can use their digital wallets to scan and pay at point-of-sale QR terminals when they travel abroad. The pilot program will begin in Singapore, and then rolled out across the region in the coming year. Visa will enable […]
How Trump’s administration may rework payments policies
The election of Donald Trump as president will shape the evolving payments landscape as his administration touches everything from stablecoins to earned wage access policies to federal antitrust priorities. With payments processes caught up in rapid change, new laws and regulatory policies put forward by his administration will be influential, for better or worse, in […]