Payment News

Riksbank Working on Offline Payments

‘In light of the deteriorating security situation in Sweden and our neighbouring region, both public and private actors need to urgently step up their efforts to create a payments market that can withstand disruptions,’ says the Riksbank governor.

Fintech Adoption Boosts Latin American Credit Cards

The proliferation of digital banking across Latin America has, perhaps counterintuitively, significantly bolstered credit card transactions. It appears that the integration of alternative payment solutions, such as e-wallets and real-time payment systems, has influenced the evolution of credit cards rather than replacing them.

Backup Bank to Ensure Resilience

To ensure payment resilience, Monzo, a UK bank, has created a replica bank so that in the event of the main Monzo app going down, the parallel but separate data, software and infrastructure can ensure customer service is uninterrupted.