Europe’s Embedded Finance market: The €100 billion opportunity
The embedded finance (EF) market is reshaping the financial landscape in Europe, offering a seamless integration of financial services into nonfinancial platforms. McKinsey forecasts predict that EF revenues in Europe could exceed €100 billion by the end of the decade, signalling a transformative shift in how financial products are delivered and consumed. For banks, merchants and customer […]
Worldline extends partnership with KBC for issuing services
Worldline has announced a long-term extension of its existing partnership with KBC/CBC, one of the leading financial groups in Europe. With this agreement, Worldline will continue to provide issuing and transaction processing services through its broad services portfolio in the Belgian market. The six-year agreement is built on both Worldline’s customer-centric solutions and the established partnership of […]
Unicaja and Fiserv forge strategic partnership in Spain
Unicaja, one of Spain’s leading banks, has partnered with Fiserv to develop cutting-edge payment and e-commerce solutions tailored to the evolving needs of merchants in Spain. This strategic collaboration marks Fiserv’s debut partnership in the Spanish market and aims to integrate advanced omnichannel capabilities with top-tier speed, security and convenience. With a solid base of […]
ECA concerns over price interventions in the card market
The European Union (EU) has long championed digital payments as a safer, faster and more cost-effective alternative for consumers and businesses. While the value of retail digital payments in the EU surged to over €1 trillion in 2023 – doubling since 2017 – a new report from the European Court of Auditors (ECA) highlights gaps in the […]
Spain leads instant payments EPC OCT Inst scheme adoption
Spain has achieved a ground breaking milestone in the evolution of global payments by becoming the first European banking area fully connected to the European Payments Council’s (EPC) One-Leg Out (OCT Inst) scheme. This innovative scheme enables instant cross-currency payments between SEPA countries and regions outside the eurozone, marking a transformative leap in international payments efficiency. […]
Future-ready ecosystem: UK payments national vision
The UK government has unveiled its National Payments Vision, a forward-looking framework designed to position UK payments as a global leader in payments innovation. This ambitious plan, underpinned by cutting-edge technology and strategic collaboration, charts a path to enhance the country’s payments landscape, ensuring it remains robust, competitive and inclusive. At the core of this vision lies […]
France flexes acquiring muscle as stage is set for EPI
The French payments scene, particularly in the acquiring space, is shoring up a very stable outlook indeed. In March Credit Agricole and Worldline announced their partnership in creating a new major player in the French merchant services landscape. Similarly, in June BNP Paribas and BPCE announced a joint venture whereby they will create a shared processor with their newly […]
The Swedish payments landscape – A detailed analysis
The Swedish payments landscape, known for its innovation and progressive stance on digital payments, continues to lead the charge in cashless transactions. The country’s payment ecosystem in 2024 is characterised by a robust digital infrastructure, the widespread adoption of mobile payments, and a supportive regulatory environment. Market Overview Sweden’s payment landscape is marked by a […]
The UK payments landscape – A detailed analysis
According to the latest Digital & Card Payment Yearbooks, in recent years, the UK payments landscape has undergone a dramatic transformation, driven by technological advancements and changing consumer behaviours. The introduction of the Faster Payments service, the rise of mobile and contactless payments, and the implementation of the revised Payment Services Directive (PSD2) have all played […]
The German payments landscape – A detailed analysis
According to the latest Digital & Card Payment Yearbooks, the German payments landscape has evolved significantly, driven by regulatory reforms, technological advancements, and changing consumer behaviours. The adoption of the revised Payment Services Directive (PSD2) and the rise of digital banking have been instrumental in shaping the current ecosystem. Here’s a comprehensive overview of the key […]