The global open banking market size is expected to reach USD 128.12 billion by 2030, according to a new study by Polaris Market Research.

2022 has been a turbulent year with geo-political, economic and societal issues impacting organisations worldwide. Two years ago, companies turned to technology to ride out the global pandemic. Now, once again, they are turning to technology for solutions to navigate the dangerous waters of the looming recession.

A recent consumer survey commissioned by Global Payments Inc. (NYSE: GPN) in partnership with YouGov found that both spending habits and expectations of payment experiences are shifting. Consumers want choice at the checkout while looking for ways to better control their finances. Nearly one in five consumers (19%) say they are now more likely to pay for items in full, which can help them manage cash flow and provide a real-time picture of their financial position.

Leading payment orchestration provider BR-DGE has today extended its partnership with Worldline, announcing that Worldline’s new global acquiring capabilities have joined BR-DGE’s Partnership Program.

Europe's e-commerce industry has experienced accelerated growth over the past few years, with a steady increase in the number and share of online shoppers within Europe.   Ecommerce payments have proven to be exceptionally well placed to facilitate the digitalisation of retail and create a seamless shopping experience for consumers. The evolution within e-commerce can be partially credited to the developments in financial technology such as e-wallets, new payment options and in-app purchasing. 

Financial Services organisations are entering a trying time. Business leaders are being kept up at night by an abundance of challenges: increased competition from digital banks like Monzo and Revolut, economic uncertainty, evolving regulatory scrutiny, and new expectations from digital-savvy customers.  

Tens of thousands of companies that would benefit from being able to offer their customers insurance will be able to do so from today.

Earlier in October (11th), Alipay+ reached the notable milestone of partnering with 1 million merchants in Japan, helping to bring more seamless payments experiences to overseas travellers from China and Southeast Asian countries. This was a crucial moment for Alipay+ and Japan, given that the country is just reopening to mass tourism.

Dreams AB, the financial well-being platform and leader in engagement banking solutions announces the establishment of a new entity, Dreams Technology, reflecting the company’s ongoing expansion into the B2B space.

Tink, Europe’s leading open banking platform, has made four strategic hires to bolster its expanding London-based payments team.