BDF and HKMA begin collaboration on MNBCs
The Banque de France and the Hong Kong Monetary Authority join forces to work on central bank digital currencies and their use in cross-border pa...
Payment news
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Portugal generalizes beneficiary verification and facilitates initiating transfers
Banque du Portugal has announced the launch of two new functionalities designed to enhance the security of credit transfers and direct debits, wh...
BIS launches project on tokenization of cross-border payments
The BIS is embarking on a new project with the primary aim of digitizing cross-border payments. Currently supported by several central banks, the...
Observatory July 2023
Highlights of the month
Finix becomes a TPPP payment processor
Finix, a payment infrastructure startup, wants to compete with Stripe, first becoming a payment facilitator, and now becoming a payment processor...
PhonePe raises $100 million for a $12 billion valuation
Indian digital payments company PhonePe has raised an additional $100 million in an ongoing round. A new round of funding gives it another $450m ...
In brief: Revolut launches its mobile payment system in France
After Ireland and the UK, Revolut is extending the scope of its new mobile payment service, Revolut Reader, to France.
Spanish banks test the digital euro
30 Spanish banks including BBVA, Sabadell, Santander, ING and Deutsche Bank, joined by payment services organisations Iberpay, Bizum and Redsys, ...
SlimPay and Tink as open payment partners
French FinTech SlimPay, which targets businesses with recurring payment processes, has announced its partnership with Swedish open-banking start-...
The action of the National Cashless Payments Committee is bearing fruit
The National Committee for Cashless Payments (CNPS), makes a progress report on the implementation of the national payment strategy in France. Th...
In brief: Mercado Pago pushes payment initiation in Brazil
Mercado Pago, the payments arm of the Mercado Libre financial company, is preparing to make the PIX payment initiation tool developed by the Cent...
Suravenir compensates policyholders via instant transfer
Crédit Mutuel Arkéa's subsidiary, Suravenir Assurances, has announced the introduction of a new system for accelerated claims s...
SlimPay and BNP Paribas join forces on Open Banking
Founded in 2009 to help companies migrate their domestic direct debits to the European SEPA standard, the payment service provider SlimPay, a spe...
Chuck, a new P2P payment network for community Banks
The Alloy Labs Alliance is an association of community and mid-sized banking organisations in the US. It has just announced the launch of a new o...
Feedback: Brazilian Central Bank celebrates Pix
The Brazilian central bank (BCB) presented its instant payment scheme called Pix in November 2020. Since then, the service has proven itself and ...
Payment Insight Galitt September 2021
Fragmented payments – Neobanks also Jumping on the bandwagon UNITED KINGDOM – Revolut enters the BNPL battle UNITED KINGDOM &...
RTP to pay Verizon bills
The American banks Citi and BNY Mellon have announced their association with Verizon. The objective of this partnership? To ensure the expansion ...
Spain connects to the European Request to Pay scheme
FACTS A new association has been created around the Request To Pay. The Spanish clearing house Iberpay has just announced that it has worke...
In brief: The European Request To Pay standard comes into force on 15 June 2021
This service, which allows an individual or a company to request the initiation of a payment to settle an invoice, will strengthen security a...
In brief: Qonto dedicates a widget to instant money transfer
Since the end of 2018, the French instant payment interbank exchange system is operational and connected to the European instant transfer system....
