Many software companies and online marketplaces have taken on the role of Payment Facilitators. Payment Facilitation, or PayFac, challenges the balance of power in the merchant services space. Becoming a PayFac is a process that can be demanding at times. To help better understand Payment Facilitation, 9 fintech experts share their thoughts about the most…
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As a quick recap, in my last article I talked about the brilliance of using software to turn mobile devices like smartphones and tablets into payment terminals. There’s a myriad of benefits that positively impact everyone in the payments ecosystem, from card schemes to banks, PSPs, merchants and the consumer. One of the most critical…
The use of the mobile phone to access the internet has grown tremendously in China over the last decade. The penetration rate of mobile internet users in China was at an all-time high in 2020, making the apps marketplace one of the most competitive in the world. Data presented by TradingPlatforms.com breaks down the leading…
A quick Google search on the global payments landscape will serve up a myriad of articles ranging from how COVID has accelerated the adoption of contactless and the rise of digital technologies, but also how financial crime is on the rise. Visa’s recent ‘Back to business study’ notes that the number one area of tech…
More than 10,000 professionals from around the world attended HK Asia Financial Forum, held online for the first time on January 18 and 19, 2021. Presentations by government officials, regulators and executives from top investment banks explored the conference theme of reshaping the global economic landscape. The agenda’s broad mix of topics included perspectives on…