News Room
Fintech ecosystems have quickly developed into one of the most important and impactful areas of the financial services industry. By fostering a collaborative environment for fintech firms, financial institutions, and regulators, they advance the industrial growth of the sector. As a result, the given goods and services are of higher quality, and information and best […] Read more…
The ambitious objective of the European Payments Initiative (EPI) was to lessen the long-standing reliance on the two main international card networks, Visa and Mastercard. Although 20 institutions have left the effort, the remaining 13 member banks are currently changing the project’s scope and goals to meet their reduced capability. In a comment to The […] Read more…
Not that long ago, over half of EPI’s member banks opted out, forcing the remaining members to give up on their efforts to rival Visa and Mastercard dominance in the European market. Local payments expert Frank Breuss argues this may turn out in Europe’s favor, enabling to fill in foundational gaps in the payments industry. […] Read more…
Latest Paypers report backed by Deloitte looks at the current Baltic payment ecosystem and how Fintechs, banks and e-money institutions are serving the growing demand for local payment methods in the region and beyond. The pandemic-induced shift from in-store to online shopping has opened a new age in eCommerce and the Baltic region is no […] Read more…
Open Banking is taking the financial industry by storm, and the rising competition is driving the adoption of the technology by PSPs, merchants, fintechs, and consumers. Open banking, an infrastructure that enables secure sharing of financial information, is experiencing a surge in activity. The number of successful API calls, a metric used to measure the number […] Read more…