Press Release
Payment service providers Visa and Mastercard are one of the biggest brands in the payments industry. Merchants and consumers associate them both with high fees, especially in the US market, where both legislative and market challengers are hoping to curtail their duopoly, since the payments processing fees are uncapped like in the EU. However 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…
The continuing global e-commerce boom highlights old issues of Local Payment Methods (LPMs) some regions, like the Baltics, still face. Offering a region-tailored solution, Nikulipe, a Fintech company, is launching a new LPM to tackle the problem. Read more…