New services have dramatically shaken up the payments market in the past ten years. The trend away from cash has only accelerated since the pandemic. Customers enjoy greater choice than ever before, and are more likely to convert on ecommerce and retail sites if their preferred payment method is supported. With so much variety and competition […]
Most businesses do not give much attention to the payments sector. They have their set methods of how they make and receive payments, and they are happy to leave things as they are.However, when diving into what is happening in the payments industry, there is a lot of change happening and there are exciting opportunities […]
The European market is a hotbed for Electronic Money Institutions (EMIs) with around 500 such institutions established. Designed for the digital era, EMIs offer innovative access to core financial services across numerous industries.EMI’s are known to provide online payment systems. Normally e-payment is done via debit, credit cards, direct bank deposits, and e-checks, other alternative […]
Launched in 2009 as a key pillar of the Single Euro Payments Area, SEPA Direct Debit (SDD) is a payment scheme by the European Payments Council that aims to make cross-border direct debits in Europe as easy and cheap as domestic direct debits via a single market for euro-denominated payments. SDD is a pull-based payment […]
Credit cards can make it easier to manage business finances and transactions. In the UK, there were over 500,000 credit card accounts open in 2020. However, although SMEs make up 99% of all business in the UK, just 13% of SMEs use business credit cards. In fact, an average of 2 in every 10 SMEs […]
The global digital payments market continues to grow. Estimates project the digital payments market value will reach $175.8 billion (USD) by 2026, assisted in no small part by the rapid increase in digital payment methods, mobile payments and the growing adoption of real-time payments. As payment processors diversify their payment services, customers will enjoy a wider range of payment […]
FinXP has just launched Real Time Payments by FinXP (RPTF), an account-to-account alternative payment method targeting European iGaming operators that want to take advantage of a fast, secure, and affordable payment option to increase their profitability. Given the accelerated rise in the use of digital payments over the past year, especially via alternative payment methods, it has […]
Find out how FinXP supports crypto trading platform BitBlinx by using innovative payment technology to streamline digital asset trading securely, transparently, and scalably.Cryptocurrencies are often portrayed as the new challenger to the traditional financial system. BitBlinx strives to provide secure, fast, and easy cryptocurrency trading technology in this increasingly competitive landscape.The early stage of the […]