Mercedes Pay – The Driving Force Behind Payments

Are you curious about the innovations that the collection of data will bring us in the future? Mercedes Pay can explain their story, as they have been the new electronic payment processor for all products and services provided by the Daimler Group since January 2017. It all started when Jan Reinhart and Jürgen Wol launched

Disruption in the payments landscape

We sat down with Giulio Montemagno, General Manager for Amazon Pay Europe, to ask him a few questions about Amazon’s new payment solution.   “At the end of 2016 we had over 33 million customers that had used Amazon Pay” Could you tell us a bit about your professional past and your current position at

How to find the right Payment Service Provider for your Business

Written by: Dwayne Gefferie, Head of Data at DimeBox  One of the questions I get asked frequently, whenever I tell people I work in Payments is: “Which PSP should I use for my business?” My answer…It depends on what you need. Having worked with many merchants, I have yet to encounter a PSP (Payment Service

No more pockets – the future of mobile payments

Mobile payments, have you ever made one? Chances are you do them weekly, if not daily? Maybe you have mobile banking on your phone? Perhaps you even have a wearable device that allows you to pay with a tap. There are so many different types of mobile payments out there, think of mobile wallets where you

Bitcoin; something to get excited about or just a bubble?

It is the hot subject most payment and non-payment experts are talking about: Bitcoin and whether it is a bubble or not. A lot of people ask our opinion at PaymentGenes. This is not our direct area of expertise. However, our founders come from classic payment companies such as Adyen, GlobalCollect and Braintree. As a

Beer, wurst and payments at Oktoberfest Munich

“For those who think that Oktoberfest is only about drinking beers and eating bratwurst, we’ve got some real ‘payments food for thought’…” Starting September 16, Munich will host the 184th Oktoberfest, the biggest Beer Festival of the world. The first Oktoberfest took place in 1810 with simple transactions: beer and food in exchange for barter

5 ways finance teams can stay ahead of the curve

In September 2015, industry analyst David Axson wrote “Finance 2020: Death by digital,” and predicted that by 2020 finance would be entirely unrecognizable from the accounting departments of the past. Consider what’s happening in finance: Complex legacy systems are being replaced by cloud-based platforms that allow entire enterprises to create up-to-the-minute reports that used to

What industry leaders think about PSD2

The Second Payment Services Directive (PSD2) is a payments regulation in Europe, which is set to drastically impact the infrastructure of banks, fintechs and businesses using payments data by opening up access to third party providers. The regulation requires that all member states implement these rules by 13 January 2018. We recently broke down everything

10 Most Popular Fintech Sectors

Fintech is the use of technology in the financial sector which includes banking, insurance, real estate and investment funds. The Forbes Magazine reported that by September 2016, there were over 1000 fintech companies in the world valued at US$867 Billion. As the fintech industry grows, there is an increasing number of sectors under it. Here

Global FinTech report 2017 by PwC

The majority of global financial services companies plan to increase FinTech partnerships as 88% express concern they will lose revenue to innovators, according to a new PwC global FinTech report, Redrawing the lines: FinTech’s growing influence on Financial Services. A large majority of global banks, insurers and investment managers intend to increase their partnerships with