Can raising the contactless spending limit cause reckless spending?
Stephanie Watson, Senior Strategist at behavioral planning agency Total Media shared that Shoppers will soon be able to spend up to £100 with a solitary tap as the government doubles the current £45 contactless expense cap. Learnings from behavioral science propose this may well be to the disadvantage of our bank balances. Contactless payment has […]
Who are the real threats for the banks in the payments now?
For many years now, the competitor banks held a prominent position in leadership in the payments sector. But the fast growing digital payment technology advances are signaling opportunities for the new market entrepreneurs to affect this status quo. To rise through these odd and in order to maintain their position high, it is effective to […]
The late payment issues have helped a trend revolution to rise
The year of 2020 was the year where the world evolved from playing lip service to the digitization on depending on it. Later came the year where we started leveraging to implement strategic and sustainable change. And this stats at the very top. The UK government recently confirmed £800 million in funding for their project […]
Virgin Money and its expansions
Latest news is that Virgin Money is expanding its partnership with FinTech data expert company called the Life Moments, is all set to focus on the development of the sustainability elements provided by the Virgin Money offer to its banking customers. The agreement is that the Virgin Money’s continuation of developing its working capital health […]
A need for the increase in Digital Asset Scrutiny and adoption
Coinbase is a publicly listed digital asset trading Business Company, and their recent announcement of IPO has subtly put a lime light on the Voyager Digital. And the Voyager Digital welcomes their move as it is sure to improve trust and transparency, above all, the adoption of digital assets. Even though there is a pertaining […]
Biometric Payment cards – Evolution in the banking methods
Since the start of the pandemic many issues have raised for the banks and financial institutions one such is the fraud of debit and credit card. Even though many national economies faltered from the virus and millions of people struggle with job losses but the fraudsters never stopped. Actually it is the opposite in fact, […]
Biometric payment cards
Biometric payment cards have ticked several important boxes in the last year. The technology has achieved certification from major payment networks, costs have reduced, and manufacturing has become simpler, and the first commercial launches have begun. Many banks offers this technology to their customers, it is important to consider design. The payment card is one […]
The rise of contact-less payments
These days the hard cash payments have reduced drastically which is replaced by or has increased the cashless payment or what we can say as the contactless payment. There is a virtual war between the digital payment investors since years. It can be to give better standards for digital payments or to adopt stable, sustainable […]
Will MasterCard permanently shift to digital methods in 2021?
Monetary impact of COVID-19, along with enduring fluctuations in digital client spending habits, online banking progress, FinTech disruption and prospects to bolster financial inclusion are analysed comprehensively by The MasterCard Economics Institute and has released Economy 2021, a global outlook report. This institute was launched preceding year to analyse macroeconomic trends through the lens of […]
BANK STRATEGIES TO COMPETE NEW DIGITAL PLAYERS
Professor Catherine Karyotis from NEOMA Business School states that, banks need to develop new strategies in order to compete the developing market with new challenges from the new players born from digital transformation, who are causing a gradual loss in banks monopoly. There have been many upheavals within the banking community that needs drastic transformations […]