The advent of the open banking era and continued emergence of fintech has forced customer experience up the banking agenda. According to McKinsey, of the 50 largest global banks, three in four have now pledged themselves to some form of customer experience transformation.

Michael Todasco, Senior Director of Innovation at PayPal sat down with GDS Group ahead of speaking at the upcoming Banking Innovation Summit.

What is the main hurdle keeping people from innovating at the moment?

SumUp (www.sumup.co.uk), the UK-based financial technology company, has today announced the launch of its first-ever card for business payments, in partnership with Mastercard. The card will allow merchants easier and quicker access to their funds, give them the ability to closely monitor their finances, and help them make essential business payments in a quick-and-easy manner. 

UK FinTech company iAxept today launched the World’s first Strong Customer Authentication (SCA) compliant payment method using contactless payments cards for Internet shopping. iAxept Online Contactless is as quick, easy and secure as using a contactless card at a point of sale. One Tap.

This revolutionary solution brings multiple benefits for everyone in the card payment value chain. 

In a move that is expected to boost the worldwide use of smartphones and tablets as point-of-sale terminals, First Data, now part of Fiserv (NASDAQ: FISV), is enabling merchants to use their own devices to accept payments of any amount without any additional hardware.

The global leader in secure customer authentication solutions, MYPINPAD, last week firmly took the reins in educating the wider fintech market about a new global opportunity in mobile payments. The business kicked off its industrywide ‘I Love SPoC’ campaign at a private event on Thursday 13^th February at Level 40 of the iconic Gherkin in London.

Leading UK-based fintech Paysend launches fee-free mobile money account with multi-currency wallet and new payment features

UK-based fintech Paysend has launched the Global Account, its international mobile money account. The Global Account aims to help consumers save up to £2bn in currency conversions when spending money abroad or on overseas websites.

Analysis from Paysend reveals that consumers could save up to £1.25bn in fees when spending abroad and up to £996m when buying from overseas websites every year, using a traditional bank card.*

PPS, formerly PrePay Solutions, and a subsidiary of Edenred, the everyday companion for people at work, is delighted to have been recognised three times at the Card and Payments Awards, the UK and Ireland’s leading industry awards.