Banking & Payments DECODED

Latest edition: 19 Apr 2024
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Latest news

Augmented reality in banking is a poor attempt by incumbents to combat fintechs

Creating long-term value for augmented reality (AR) investments is challenging, especially in banking and payments, where the opportunities for integration are less compelling than for other sectors.

M&S should utilise its Sparks loyalty reward scheme to succeed in financial services

By promoting loyalty rewards to capture UK customers, M&S would have a stronger chance of seeing its financial services and digital app succeed. M&S has extended its deal with HSBC for another seven years, reiterating its long-term commitment to its financial services customers. The aim is to focus on credit offerings, payments solutions, and connecting customers’ shopping experiences through a super-app.

IDB Group launches FINLAC

The Inter-American Development Bank Group has launched FINLAC, a new initiative to promote financial inclusion. Specifically, it aims to ensure that the most vulnerable people in Latin America and the Caribbean can access the financial services they need.

AffiniPay expands into Puerto Rico

AffiniPay has announced the launch of its expansion into Puerto Rico for LawPay and CPACharge. With a strong presence established in the United States and Canada serving over 80,000 accounting and law firms, AffiniPay continues to empower attorneys and accounting professionals with secure and efficient payment processing options.

Late payments causing a ‘cashflow crunch' for Australian SMBs: GoCardless

Research released by bank payments company, GoCardless, reveals the impact the ongoing cost of living crunch is having on the cashflow security of small and medium businesses in Australia.

HSBC Expat first to adopt new digital ID verification technology

Tiller Technologies is rolling out a digital identity verification solution aimed at streamlining the onboarding process for international customers.

Visa reimagines payment acceptance for the ‘Click-and Mortar' era

Visa is offering sellers expansive, simplified services to keep pace with the demands of the fast-growing segment of ‘Click-and-Mortar’ shoppers. Such consumers rely on digital features to shop both online and in-store.

Alipay+ partners with Starbucks Korea

Alipay+ has announced that it will start to work with Starbucks Korea to enhance the brand experience for international tourists visiting Korea through promotional benefits and incentives.

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