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 […]
As crypto pushes further into the mainstream than ever before, it’s still viewed by many traditional banks, financial institutions and payment service providers (PSPs) as too high-risk (due to factors like volatility and security). Despite the resistance from some industry players, Finextra predicts that digital currencies are the next step in society’s financial evolution. These consist of a mixture of central bank-issued […]
FinXP has been awarded Malta’s Best Alternative Banking Award at the prestigious Malta iGaming Excellence Awards (MiGEA) organized by Dynamic Events Ltd. MiGEA, which was held at the Intercontinental Hotel last Friday, is a comprehensive iGaming awards event that brings the whole industry together to reward and celebrate innovation and progress.FinXP, a fast-growing Malta-based fintech, […]
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 […]
Did you know a lack of payment methods is one of the main reasons buyers abandon their shopping cart? With more consumers purchasing online now than ever, not having the right payment methods can seriously impact conversion rates. In today’s modern age, payment methods have effectively turned into conversion funnels themselves. Thanks to alternative payment methods […]
In 2019, eCommerce accounted for 14.1% of sales made worldwide.By 2040, that number will be 95%, according to Nasdaq.This prediction was made back in 2017, which means that we might get there sooner than expected due to the pandemic. We’ve already seen this acceleration happening in 2020, with global retail sales declining by 3%, but […]
With the Covid pandemic decreasing offline transactions by 60%, it comes to no surprise that the payments industry is undergoing a quiet revolution.Paytech, as the intersection of payment and technology, is at the centre of this transformation. As a sub-industry, it includes everything ranging from the Internet of Things and cryptocurrencies to your everyday contactless […]