Opinions

Building a national payment system is a huge undertaking. Prior to launch, banks and non-banks have to collaborate on the governance, rules and features of the system. They have to build coverage across open and...

Over the last decade, payment acquirers have made leaps and bounds in FinTech innovation — for instance, major players like PayPal, Intuit, Stripe, and Square have completely reinvented the acceptance process. Meanwhile, payment issuers and...

Financial inclusion, particularly in the developing world, has emerged as a significant policy objective over the last decade. There is considerable will among policymakers, the development community and private sector to bring the world’s...

Digital technologies are the "great equaliser" of our time. If you’re a business, digital means it’s now easier than ever to reach new markets. If you’re a customer, you now have access to products...

From virtual mobile wallets to peer-to-peer money transfer apps, there are an increasingly diverse number of ways to pay, beyond the old medium of cash. And the geographic scope of such alternatives stretches from...

Data privacy is driving the European Union’s General Data Protection Regulations (GDPR) in the UK, and yet it’s widely felt that banks and other financial services institutions have run out of time to find...

Technical body EMVCo launched version two of its EMV Payment Tokenisation Specification - Technical Framework in September. The market has evolved rapidly since v1.0 was launched in 2014 to address the needs of digital...

A couple of hikers see a farmer leaning on his gate and stop to ask for directions. “We’re looking to get to X,” they say. “Well, I wouldn’t start from here,” the farmer replies. But...

In today’s digitally-driven society, being able to access your money when you want, from any device, is no longer a luxury but a necessity. In fact, being able to quickly transfer money to your...

‘Open’ is a short word with a long list of meanings. These range from being free to all to join, ready for business or prepared to entertain new ideas. The impact of ‘open’ within...