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2019


Consumer Complexity and Digital Payments

The authors of a new European Central Bank (ECB) working paper have used data from the ECB’s Consumer Expectations Surveys (CES) to study cashless payments in everyday situations and the use of mobile banking apps in the euro area.

Mobile Payments - April 19, 2024 midnight

Digital Payments Need Discipline

The rise of cashless payments has raised the concern that some consumers will be induced to spend beyond their means. As monthly income is spent over the course of a month, if consumers are aware of their reducing balance, they are likely to constrain their spending. The Swiss National Bank has published a paper that explores differences in how freely people spend between people who pay in cash and digitally and how their awareness of their balances affects their cash management.

Mobile Payments - April 19, 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 25, 2024 12:01 a.m.

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

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