FIS’ Post

In this 2023 #PayCanSUMMIT virtual session, experts Chris Chazin, Elena Gomez and Tony McLaughlin from Citi discuss how recent developments, key drivers and emerging issues in global #payments will shape Canada's payment market. Thanks to John Davis for excellent moderation. Watch and consider yourself informed! https://lnkd.in/grh_V-f4 #ModernPayments #PaymentsMatter

In the dynamic and rapidly evolving landscape of global commerce, Latin America stands out as a region of particular interest and complexity when it comes to payment methods. With a diverse mix of economies ranging from emerging markets to more developed financial systems, the tapestry of payment preferences and innovations across this vibrant region offers a unique view into the challenges and opportunities of catering to Latin American consumers and businesses. Read more: https://ow.ly/YCcB50Rboqh #payments #cash #digitalpayments #credit #debit

Striking a balance between #interventions and #innovation is a difficult task in any market. This topic was discussed during one of the panels in June’s Global Payments Forum (GPF).    Lars Sjögren, EPAA Ambassador, shared his experience from the EU on approaches adopted, good and bad.     Key successes in the EU include the creation of a single market for payments and the introduction of regulations such as the PSD2 and the GDPR. These have helped to promote competition and innovation, and to protect consumers and businesses.      However, the EU has also made some mistakes, such as introducing overly complex regulations that impose a high burden on fintech companies. The APAC region should avoid these mistakes by carefully designing any new regulations that it introduces.    "We need to rethink (our approach) from a European perspective on collaboration across regulators, central banks, the banks and fintechs, and agree on what we want to achieve". Lars further emphasised that balancing interventions and innovation is critical to successfully adopting real-time payments.     The complete conversation has been condensed into an EPAA report: https://lnkd.in/g3m8QfvX     The June GPF was hosted by Emerging Payments Association Asia, in collaboration with the Institute of International Finance and The Payments Association.    Camilla Bullock Linda Stanojevic Sally Sternecker Niamh Laing Danelle Denny Lars Sjögren Dilip Asbe May Lam 林希文 Anton Ruddenklau Nicholas Soo Kelvin Li Mary Ann Francis 🌟  #epaa #payments #paytech 

🌍 Global cross-border payments are projected to surge 53% by 2030, fueled by digital innovations transforming the financial landscape. Check out the latest news:- https://lnkd.in/gmpwpNA5 #CrossBorderPayments #DigitalInnovation #FinanceTrends

NEW in MarketWatch 💡 Americans shouldn't have to endure blocks and delays when wiring money or #remittances abroad. As Matt Cameron and Saema Somalya explain, "Contrary to developments around the globe...nonbank providers are not directly integrated into our national payments system...More specifically, well-regulated digital remittance providers in the U.S. are required to work through a bank in order to access the national payments system." As a result, despite significant #fintech innovation that has lowered the costs of remittances, consumers still face unnecessary delays and higher costs in sending their money abroad. The answer? Modernizing our national payments system so that leading #fintech companies can connect directly to the Federal Reserve Board's payment rails. This will not only help the US remain a global leader in payment technology but also speed up payment times and lower costs for consumers and businesses. Read more from Remitly here 🔗 ⬇ https://lnkd.in/e4qNMYFh

Making headlines in #payments this week: -Five payment #trends to watch in 2024 and beyond -Harmonised #ISO20022 data requirements to enhance #crossborder payments -Consumer #digitalpayments: Already mainstream, increasingly embedded, still evolving Read more here: https://lnkd.in/dK4j7ZbQ

Want to know what's been happening in global payments over the last week? Here's our round-up of a few headline topics that we think are well worth a read: 📰 Addressing settlement inefficiencies can help ‘prepare the ground’ for potential shift to T+1 in other jurisdictions https://lnkd.in/e3JKmez2 📰 SWIFT's latest ebook: Be part of reducing friction in cross-border payments https://lnkd.in/e7-Wrv_m. 📰 Transforming commercial payment: a $371 billion revenue opportunity https://lnkd.in/eeGdtzfv 📰 Standard Chartered Bank and Deutsche Bank pilot SWIFT alternative https://lnkd.in/ewjPCPSB 📰 Biggest Obstacles to Payments Innovation in 2024 https://lnkd.in/ef4tKJPn 📰 Payment trends in the UK casino industry https://lnkd.in/esYncz4J The TRADE News | Swift | Payments Cards & Mobile | The Paypers | Finance Magnates

🔓🌍 Expand Your Horizons! Discover how a smart payments strategy can open doors to new markets and opportunities. Our latest blog explores essential tips for businesses looking to grow globally. Learn about the power of local payment methods, currency considerations, and more to capture international audiences. Start here: https://buff.ly/3sGhitn #PaymentProcessing #MSDyn365BC #Dynamics365 #USTPay

Trade Republic: Redefining banking in Europe: https://lnkd.in/duYBSdwG From disrupting the online brokerage scene to ascending as a fully licensed bank under the ECB, Trade Republic is unveiling new financial horizons across Europe! 🔸 Rapid Growth: With over 4 million users and €35 billion under management, #TradeRepublic is reshaping the financial landscape. 🔸 Introducing the Trade Republic #VisaCard: Celebrating its 5th birthday with a bang! This card merges spending and savings like never before. Users earn 1% Saveback on every purchase, directly invested into their savings plan. 🔸 #ECB license: With a full banking license, the platform is expanding its offerings to include comprehensive #investing, #savings accounts, #credit instruments, and competitive bond #trading with attractive interest rates. 🔸 Looking ahead: With a seasoned audit committee in place, the company is committed to upholding the highest standards of regulatory compliance and operational integrity. #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #Finance #FinancialServices #DigitalTransformation #BankingInnovation #FinancialGrowth #Banking #NeoBanking #Fintech #BankingNews #TechInFinance #FinancialNews