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

This 5 ultimate payment trends will play a huge role this year

A disruptive mix of consumer-behavioural changes and emerging technologies creates huge opportunities in the payment industry A hot topic for 2017: digitisation means that both shopping habits and payment preferences are changing. Current trends show that internet technology is being used more and more across all shopping channels. Below we look at five payment trends

Payment Technology Innovator Dimebox raises €5 Million

Amsterdam-based FinTech startup Dimebox raised €5 Million in a series A round from the BillPro Group, a leading global payment processing organisation. Dimebox has built a full-stack global acquiring solution, offering financial institutions the latest innovations in online payments. Dimebox offers its customers a white-label full-service payment gateway to take control of all their payments,

Contactless ‘tap and go’ card payments soar across Europe

Some three billion contactless card transactions have been made across Europe in the last 12 months – with UK consumers being among the biggest users of the technology – according to figures from Visa Europe. Visa said the number of “tap and go” card payments across Europe has nearly tripled compared with a year earlier

Top 10 Retail Trends for 2016

Synchrony Financial examines retail trends empowering consumers and impacting shopping, payments and retail sales STAMFORD, Conn.––February 17, 2016––The retail environment is constantly changing with every new style, product and season. While change is often retailer and consumer-driven, technology is shaping eight of the top 10 retail trends expected to have the greatest impact on sales

Mobile payments opportunities and obstacles for US vendors

The U.S. is lagging behind the world, particularly emerging markets, in the acceptance and adoption of mobile payments as a way of life. The launch of mobile payment services such as Apple Pay have made headlines stateside, but the promise has yet to be fulfilled on Main Street, and progress is slow. Although predictions that