Merchant Payments Ecosystem’s Post

🔔 Sponsor Announcement! 🔔 Meet our esteemed sponsor, Payall Payment Systems, Inc. at the 15th NextGen Payments & RegTech Forum on 10-11 December 2024 at the Hyatt Regency in Austin - Texas, USA. Payall, the pioneering cross-border processor for banks, enables regulated financial institutions to transfer money safely at the speed of data. Their mission is to make cross-border payments fast, compliant, and cost-effective through a suite of groundbreaking automated compliance and risk management solutions that bring transparency to the historically opaque world of correspondent banking. Cross-border payments powered by Payall’s proprietary technology and processes run on a unified global platform and utilize their innovative "Know Your Customer's Customer" product. The platform features core-like accounts for all users and introduces specialised payment processing, offering "new rails" for near-instant and efficient global payments. Furthermore, recipients of cross-border payments have access to a range of valuable payout options, catering to both financially savvy individuals and those who are unbanked. Book now to enjoy a 10% discount before it expires! Contact us at info@qubevents.com to claim the discount! To register and access the agenda: https://bit.ly/43eQuxk For more information on registration, please contact info@qubevents.com #qubevents #Fintech #Payall #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Greece #Athens #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends #UK #London #USA

🔔 Sponsor Announcement! 🔔 Meet our esteemed sponsor, Payall Payment Systems, Inc. at the 15th NextGen Payments & RegTech Forum on 10-11 December 2024 at the Hyatt Regency in Austin - Texas, USA. Payall, the pioneering cross-border processor for banks, enables regulated financial institutions to transfer money safely at the speed of data. Their mission is to make cross-border payments fast, compliant, and cost-effective through a suite of groundbreaking automated compliance and risk management solutions that bring transparency to the historically opaque world of correspondent banking. Cross-border payments powered by Payall’s proprietary technology and processes run on a unified global platform and utilize their innovative "Know Your Customer's Customer" product. The platform features core-like accounts for all users and introduces specialised payment processing, offering "new rails" for near-instant and efficient global payments. Furthermore, recipients of cross-border payments have access to a range of valuable payout options, catering to both financially savvy individuals and those who are unbanked. Book now to enjoy a 10% discount before it expires! Contact us at info@qubevents.com to claim the discount! To register and access the agenda: https://bit.ly/43eQuxk For more information on registration, please contact info@qubevents.com #qubevents #Fintech #Payall #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Greece #Athens #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends #UK #London #USA

Good to see Innovate Finance submission to HM Treasury on the National Payments Vision and Strategy. It makes some strong arguments about the future direction of payments and the importance of the right frameworks to support resilience and innovation.

The National Payments Vision for FinTech ⭐ We have submitted our input to HM Treasury as part of its work on developing a National Payments Vision (NPV), which is due to be published by the summer. We outline why the NPV needs to set out an ambitious agenda to help deliver the next generation of payment experiences for merchants and consumers, building on the successful innovation and competition that FinTech has helped bring about. The UK should be the world leader in digital wallet payments, with a digital payments ecosystem that supports and enables a diversity of payment methods and providers, underpinned by competition where the consumer has choice and control and can easily use different payment systems, methods and providers with ease and with confidence in an equivalent level of consumer protection. This trusted, competitive, digital, interoperable ecosystem can enable: - Improved productivity for UK merchants and businesses - Better outcomes for customers and citizens - Increased growth and inward investment for the UK payments industry   - Greater strategic autonomy and resilience for the UK economy and society   Our paper examines FinTech’s role in the payments landscape, how the government can implement, deliver and review the NPV’s progress, and key aims that the NPV should include to support the FinTech sector, such as: ⚙️ Account to Account payment method: The NPV should prioritise the development of a new major payment method to compete with card payments, powered by Open Banking.  📜 Regulatory support for innovation and competition: Deliver a regulatory framework that allows different digital payment methods to compete on a level playing field. 🏗️ National Payments Architecture (NPA): A recommitment to deliver NPA and its strategic objectives, with a clear roadmap and timeline for implementation, and an ambition that is cloud-native. 🌍 Interoperability: The NPV should set out a roadmap for working towards interoperable payment systems, domestically and globally. See link to the report 👉 https://lnkd.in/eAinjhYg #FinTech #InnovateFinance #VoiceofFinTech #DigitalPayments #FutureofPaymentsReview #NationalPaymentsVision #Paymentstrategy #UKFinTech #Payments Paul Worthington | Adam Jackson | Jago Corry | Megan Jenkins | Christopher Foo

This summer HM Treasury will publish a National Payments Vision, delivering on a commitment from the Autumn Statement last year following the Future of Payments Review. As the Review highlighted, payments systems have become increasingly important to our national infrastructure. £107trn flowed through UK payments systems in 2022 – equivalent to 44 times GDP 📈 The National Payments Vision represents a huge opportunity for the UK to set out a clear North Star and roadmap for the sector. In our submission to HMT we set out the case for an ambitious agenda that can help deliver the next wave of innovation and competition in payments, with FinTech playing a central role 🇬🇧 Our vision for UK payments is “a world leading innovative payment ecosystem which promotes competition through enabling a wide range of interoperable payment options for individuals and businesses and drives economic growth and productivity, utilising new technologies to ensure world leading payment experiences that are adaptable to future innovations” 🔁 The UK should be the world leader in digital wallet payments, with a digital payments ecosystem that supports and enables a diversity of payment methods and providers, underpinned by competition where the consumer has choice and control and can easily use different payment systems, methods and providers with ease and with confidence in an equivalent level of consumer protection 📱 To read our submission and the list of recommendations we've put forward to HMT, see below 👇 #NationalPaymentsVision #Payments #OpenBanking #Digitalpayments #Digitalwallets #BNPL #CBDCs #Stablecoins #Digitalpound

UPI's Impact on Credit: UPI has significantly improved credit availability since its 2016 launch. Digital Payment Growth: Accounts for 75% of retail digital payments by October 2023. Boost to Credit: A 10% rise in UPI transactions increased credit by 7%. Inclusive Lending: Benefited subprime and new-to-credit borrowers. Fintech Expansion: Fintech lenders scaled 77x faster than traditional banks. Responsible Lending: Credit surge with stable default rates reflects sound practices. #UPI #DigitalPayments #Fintech #FinancialInclusion

I recently read a fascinating white paper titled "Instant Payments What to Know and Where to Start". It is reported that the impact of real-time payments (known as "instant payments") can be observed. The field of finance landscape is perceived to undergo a considerable overhaul with the implementation of services such as RTP® and #FedNowSM which have been recently launched. Instant payments provide continuous real-time settlement, #ISO20022 support, and real consciousness capabilities which contribute greatly thus to the speeding up of payments and to the enabling of fast, secure person-to-person payments and innovative bill pay and #P2P models. Instant payments help commercial banking and Small Business Banking by improving #cash flow management, automating and fast-tracking debt settlements, and inventory introducing new products. They create information systems like united payables that contain a set of programs that API integration solves the billing cycle problems. The paper accommodates the inquiries as to the distinction between #RPT and #FedNow, the types of transactions that are relevant and the membership in the network. Finally, it takes a crucial look at the instant payment systems, the place of traditional banks, core processing providers, and digital banking platforms among the operators. Fiscal authorities formulate strategies to push faster payments as a way to deliver better services to their customer base. To this end, we suggest counting upon both the Eack structure and FedNow platforms to get the greatest outcome. Institutional transactions can be tied to the instant payments environment using receive-only facilities first to ensure that the process is devoid of any instances of disruptions. If this is something you want to get into more, research the full white paper since it contains those valuable insights. Thank you Q2 Official Link: https://lnkd.in/gGUr9ADq MEHDI SARDAOUI Zvonimir Filjak David Jimenez Maireles Sam Boboev Igor Babych Maximilian Salomon #InstantPayments #RealTimePayments #FinancialServices #DigitalTransformation

I recently read a fascinating white paper titled "Instant Payments What to Know and Where to Start". It is reported that the impact of real-time payments (known as "instant payments") can be observed. The field of finance landscape is perceived to undergo a considerable overhaul with the implementation of services such as RTP® and #FedNowSM which have been recently launched. Instant payments provide continuous real-time settlement, #ISO20022 support, and real consciousness capabilities which contribute greatly thus to the speeding up of payments and to the enabling of fast, secure person-to-person payments and innovative bill pay and #P2P models. Instant payments help commercial banking and Small Business Banking by improving #cash flow management, automating and fast-tracking debt settlements, and inventory introducing new products. They create information systems like united payables that contain a set of programs that API integration solves the billing cycle problems. The paper accommodates the inquiries as to the distinction between #RPT and #FedNow, the types of transactions that are relevant and the membership in the network. Finally, it takes a crucial look at the instant payment systems, the place of traditional banks, core processing providers, and digital banking platforms among the operators. Fiscal authorities formulate strategies to push faster payments as a way to deliver better services to their customer base. To this end, we suggest counting upon both the Eack structure and FedNow platforms to get the greatest outcome. Institutional transactions can be tied to the instant payments environment using receive-only facilities first to ensure that the process is devoid of any instances of disruptions. If this is something you want to get into more, research the full white paper since it contains those valuable insights. Thank you Q2 Official Link: https://lnkd.in/gGUr9ADq MEHDI SARDAOUI Zvonimir Filjak David Jimenez Maireles Sam Boboev Igor Babych Maximilian Salomon #InstantPayments #RealTimePayments #FinancialServices #DigitalTransformation

🔔 Sponsor Announcement! 🔔 Meet our esteemed sponsor, Payall Payment Systems, Inc. at the 15th NextGen Payments & RegTech Forum on 10-11 December 2024 at the Hyatt Regency in Austin - Texas, USA. Payall, the pioneering cross-border processor for banks, enables regulated financial institutions to transfer money safely at the speed of data. Their mission is to make cross-border payments fast, compliant, and cost-effective through a suite of groundbreaking automated compliance and risk management solutions that bring transparency to the historically opaque world of correspondent banking. Cross-border payments powered by Payall’s proprietary technology and processes run on a unified global platform and utilize their innovative "Know Your Customer's Customer" product. The platform features core-like accounts for all users and introduces specialised payment processing, offering "new rails" for near-instant and efficient global payments. Furthermore, recipients of cross-border payments have access to a range of valuable payout options, catering to both financially savvy individuals and those who are unbanked. Book now to enjoy a 10% discount before it expires! Contact us at info@qubevents.com to claim the discount! To register and access the agenda: https://bit.ly/43eQuxk For more information on registration, please contact info@qubevents.com #qubevents #Fintech #Payall #NPF #Payments #Regtech #Event2024 #Limassol #Cyprus #CEO #AI #Finance #Sponsor #Europe #Greece #Athens #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends #UK #London #USA

BNP Paribas and Numeral Partner to Power Europe’s Leading Payments Companies “Banks are critical to fintechs’ success, as they provide access to payment schemes, accounts and additional financial services that are core to fintechs’ offerings. Partnering with BNP Paribas gives our joint customers access to one of the biggest catalogues of services and the strongest expertise to scale in Europe,” says Édouard Mandon, co-founder and CEO at Numeral. “Numeral aggregates BNP Paribas best-in-class solutions into a single cloud-native, API-first platform from which joint customers can automate their payment operations across Europe”. https://lnkd.in/g_p4F94H Marc Espagnon #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews