A major retail association representing the travel sector says its members have reported “serious transparency issues” around the fees charged by acquirers when accepting card payments.
On October 1, 2019, the Ministry of Finance submitted proposals for a new law that aims to ensure better access to cash services for businesses and consumers in Sweden. The proposal would require...
On May 22, 2019, the Payment Systems Regulator (PSR) released a consultation paper setting out its proposals on its approach to the merchant survey, as part of its initiative to conduct a market...
Payment services giant PayPal has succeeded in its long-running attempts to crack China’s booming payments market by acquiring a licensed local firm, in what it said is a world-first for a foreign...
On September 30, 2019, UK Finance announced the “Community Access to Cash Initiative”, which aims to help local communities secure access to cash and payment facilities. The initiative recognises...
Mexico’s “request to pay” infrastructure is set to launch today, carrying with it hope from authorities that this latest step on the country’s road to payments modernisation will help nudge...
A U.S. House of Representatives hearing has brought some indications that the need to establish real-time payments at large across the country could overcome partisan differences about whether the...
On August 23, 2019, the Australian Competition & Consumer Commission (ACCC) launched testing in which firms are able to express their interest in becoming accredited data recipients under the...
U.S. lawmakers have butted heads over the Federal Reserve's plan to develop and run its own real-time payments settlement service, with Republicans contending that the private sector should lead...
Industry leaders have touted request to pay as the function that will drive the mass adoption of instant payments across Europe, after years of largely futile efforts to introduce a cohesive scheme...
On August 14, 2019, the Romanian Financial Supervisory Authority (ASF) announced the launch of the FinTech Hub project, which is designed to create an institutional framework for improving the...
The final versions of three U.S. Consumer Financial Protection Bureau (CFPB) initiatives to encourage financial innovation include significant differences from the original proposals — some of...
On September 20, 2019, the Bulgarian Ministry of Finance published a consultation on the Draft Law on Amendments and Supplementing Law on Payment Services and Payment Systems (LPSPS). The draft law...
Central bank officials have urged banks to “be honest” about the state of their progress towards a new overhaul of the bloc’s payment and settlement infrastructure, as regulators attempt to...
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report from a working group called “Forum Fintech ACPR-AMF”, made up of representatives of...
Research by consultancy giant McKinsey has suggested the pressure on payments firms to achieve scale has driven a recent wave of consolidation, but said that commercial drivers are running up...

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