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Money 20/20 EU: Will Europe prevail in the new dawn of payments?
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Cash still king in times of COVID-19
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Banking-as-a-Service (BaaS) Empowers Any Brand to Offer Financial Services 8 hours ago
Embedded finance opens new opportunities, but secure data exchange is essential
Digital banking is not new – major banks began to offer internet banking services in the mid-1990s. However, the traditional banking industry is facing significant pressure from rapidly shifting consumer expectations, changing regulations and increasing competition from digital-native disruptors. Younger Gen Z customers are more apt to use alternative transaction methods such as mobile wallets or P2P payments (e.g., PayPal or the Dutch payment app
Interview
Interview with De Nederlandsche Bank (DNB) on the impact of COVID-19 on payments Thursday 29 April 2021 08:43 CET | Editor: Claudia Pincovski | Interview
The crisis created by the COVID-19 pandemic has led to a global recession and it is dramatically changing consumers’ payment habits
According to a
Survey of central banks on the impact of COVID-19 on cash and digital payment policies done by Lipis Advisors, an international consultancy focused exclusively on the payments industry, and Currency Research, a global resource for central banks, the pandemic has limited the ability of consumers to make paper-based payments. Furthermore, since March 2020, consumers have exhibited a preference for contactless payment solutions such as using a card, smartphone or wearable device, and ecommerce transactions have spiked.