Mobile Payments





Financial Inclusion or Payment Inclusion?

Dr Franklin Noll, a payments specialist who works as a Lead at the Federal Reserve Bank of Kansas City, has posted in LinkedIn an interesting piece on financial / payment inclusion. He has expressed his own opinions, not those of the Federal Reserve Bank.

Mobile Payments - February 20, 2024 midnight

Click to Pay in Czech Republic

In a push to advance cashless transactions, four Czech banks are rolling out a novel solution that lets merchants skip traditional terminals while eliminating the need for customers to pay in cash.

Mobile Payments - February 20, 2024 midnight

Reliability of Payment Networks Under the Spotlight

We report all too frequently on payments system failures – see the end of this article for a recent example. But it is interesting that the Governor of the Reserve Bank of Australia (RBA) has recently chosen to draw attention to the performance and reliability of Australia’s new payments platform (NPP), particularly noting the need and priority of improving the ‘resilience of Australia’s payments and market infrastructure’.

Mobile Payments - December 20, 2023 midnight

PSR Recommends Payment Fee Cut

In addition to the British Retail Consortium providing detailed information on the cost of payments in the UK, the Payment Systems Regulator (PSR) has recommended a cap on cross-border interchange fees, following its market review of the fees.

Mobile Payments - December 20, 2023 midnight

Why Do People Adopt and Use Mobile Money?

One thought that came from the Future of Cash conference was the need to understand digital payments more. A recent conference paper from Vietnam does just that as it examines why people in the developing world move to digital payments by studying the uptake of mobile money services in Vietnam.

Mobile Payments - November 28, 2023 midnight

A2A Payments Make Progress

Account-to-account payments (A2A) have been talked about for some time. There is some evidence that they are beginning to fulfil their promise. The latest 2023 Worldpay Global Payments Report from FIS says there are now 64 real-time payment schemes in operation providing high-speed payment rails for A2A payments.

Digital CN - June 26, 2023 midnight

EPI Refreshed and With New Impetus

The European Payments Initiative (EPI) was established to build a unified pan-European payment system to rival Mastercard and Visa. Consumers and merchants would be able to use a card, digital wallet and make person-to-person payments. The idea was backed by the European Central Bank (ECB) and 31 banks joined the EPI.

News - May 12, 2023 midnight

IMF Praises India’s Digital Infrastructure

The IMF has issued a working paper ‘Stacking up the Benefits Lessons from India’s Digital Journey.’ In it, the IMF describes the achievement of India in creating a Digital Public Infrastructure (DPI) that delivers significant benefits.

Country Profile - May 12, 2023 midnight

From Merchant to Consumer: a Payment Overview

The Bank of Canada (BOC) has published two survey reports in the last few months. The first was the Methods of Payment survey 2021 and the second the Merchant Acceptance Survey Pilot Study.

Studies-Reports - February 23, 2023 12:01 a.m.