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Filtered by News — 134 articles

Chander S Jeena

19 March 2025

5 min read

AGS Transact’s Downfall: A Cautionary Tale for India’s Fintech Industry

In the fast-changing world of financial technology, companies that once soared can just as quickly find themselves in free fall. AGS Transact Technologies, a prominent player in India's digital payments and cash management sector, is currently at the centre of a developing crisis that has sent shockwaves through the industry.

News

John Winchcombe

28 Feb. 2025

3 min read

News in Brief

In the context of the decline of cash usage in Sweden, the Deputy Governor of Sweden’s Riksbank, Aino Bunge, has emphasised the need for regulation to protect the status of cash at a seminar in Sweden’s parliament.

News

John Winchcombe

28 Feb. 2025

5 min read

Payment News

The Banque de France’s First Deputy Governor, speaking at the Central Bank Payments Conference in Paris in earlier this month, has said that it is addressing the significant changes in the payment system through a regulatory framework that is demanding but innovation friendly and making changes to ensure central bank money remains at the heart of settlement between intermediaries.

News

John Winchcombe

28 Jan. 2025

5 min read

Payment News

In a special report 01/2025, ‘Digital payments in the EU’ (European Union), the European Court of Auditors says that EU’s approach to digital payments has helped to make them ‘safer, faster and cheaper for users’.

News

John Winchcombe

28 Jan. 2025

5 min read

News in Brief

The Bundesbank has published the third module of its study into the costs of cash and card payments from the consumer’s point of view.

News

John Winchcombe

23 Dec. 2024

5 min read

Payment News

Mobile money transactions in Kenya surged to KSh6.5 trillion in the first nine months of 2024, reflecting a 13.2% growth compared to KSh5.8 trillion during the same period last year.

News

John Winchcombe

20 Dec. 2024

4 min read

News in Brief

The European Commission is preparing to introduce new rules on cash payments in order to fight against money laundering.

News

John Winchcombe

29 Nov. 2024

5 min read

News in Brief

A Norges Bank survey estimates only 3% of consumers pay with cash, although more would do so if shops would accept cash. Norges Bank and the government have recently added an amendment to the Central Bank Act that clarifies consumers’ right to pay with cash up to an amount of 20,000 kroner.

News

John Winchcombe

29 Nov. 2024

5 min read

Payment News

The US regulator, the Consumer Financial Protection Bureau (CFPB), wants to extend its regulatory scrutiny to include tech giants such as Apple and Google and their digital payment apps and wallets.

News

John Winchcombe

14 Oct. 2024

5 min read

News in Brief

Thailand is planning to give citizens with a certain level of income and savings a financial boost by transferring funds to them through a digital wallet.

News

John Winchcombe

14 Oct. 2024

5 min read

Payment News

The European Payments Initiative (EPI) is a Europe-wide bank-backed venture set up to build a European rival to Mastercard and Visa.

News

John Winchcombe

22 Sept. 2024

5 min read

Payment News

An article about the challenges of public transport digital ticketing lays out the general problems of going digital.

News

John Winchcombe

22 Sept. 2024

5 min read

CBDC News

Those who oppose CBDC use a range of arguments. One is a general argument that fiat money allows governments to expand the money supply at will, removing the constraint on government to pursue ‘sound money’.

News

John Winchcombe

22 Sept. 2024

5 min read

News in Brief

The UK’s Competition Appeals Tribunal has rejected an appeal by Visa and Mastercard against a class action that claimed that businesses that received payments by commercial cards paid fees much higher than they should have been, causing them significant losses.

News

John Winchcombe

20 Aug. 2024

5 min read

News in Brief

Revolut has recently received a UK banking licence. It has 9 million UK customers, 45 million globally. It has now announced that those customers can deposit cash into their accounts.

News

John Winchcombe

20 Aug. 2024

3 min read

Payment News

In the face of US and European Commission regulatory pressure, Apple is enabling iPhones to make contactless payments to third party providers. It will though, charge associated fees.

News

John Winchcombe

22 July 2024

5 min read

News in Brief

A study commissioned by the Polish Cashless Foundation has reported that nearly half of respondents to a survey withdrew cash from store registers. Threequarters were aware this was possible.

News

John Winchcombe

22 July 2024

5 min read

Payment News

The Bank for International Settlements (BIS) has published a working paper examining the relationship between innovation, economic growth and informal activities. This is based on data from 101 economies from 2014-2019.

News

John Winchcombe

30 June 2024

5 min read

News in Brief

The 2024 Diary of Consumer Payment Choice in the US found payment transactions increasing 46 per month (up seven) but cash use stable (seven per month), and therefore falling as a share of payments. Cash held as a store of value and as a backup payment instrument remained ahead of 2020 numbers.

News

John Winchcombe

30 June 2024

5 min read

Payment News

Visa has laid out its payment plans for the future. The focus is on making payments personalised for the individual user, convenient and secure.

News

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AGS Transact’s Downfall: A Cautionary Tale for India’s Fintech Industry

News in Brief

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News in Brief

Payment News

News in Brief

News in Brief

Payment News

News in Brief

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Payment News

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