Insights Category: Blog

Increasing globalisation has expanded huge economic opportunities for people residing in South Asia. Many economies here are driven by remittances which also form a sizable portion of their GDPs. People working in different parts of the world send money back to their families residing here. And thus, the importance of seamless, transparent, and secure cross-border… Continue reading Increasing globalisation has presented huge economic opportunities for the people of South Asia with the digitalisation of cross-border payments

In today’s increasingly digital world, a strong payment infrastructure is critical, especially for businesses looking to offer seamless and secure payment experiences to their customers. From accepting online payments to managing transactions and payment processing, a robust payment infrastructure is key to ensuring smooth financial operations. With the rise in digital adoption, cyber security threats… Continue reading How to build a secure payments infrastructure?

There are numerous studies that discuss what Gen Z—loosely defined as those who were born between 1997 and 2012—wants. While the majority of these studies cover a wide range of topics, there are a few aspects that they tend to ignore, including confusion, the need for inspiration, safe risk-taking, and impulsive decision-making. Let’s dive into… Continue reading Gen Z: Understanding the generation that wants it all

In today’s digitally-driven world, the way we send and receive payments has undergone a radical transformation. Legacy payment modes such as cash and checks have been almost entirely replaced by electronic transactions as well as payments via cards and digital wallets. Considering this paradigm shift in payment mechanisms, the significance of building and sustaining an… Continue reading What is the role of program management in building payments infrastructure?

There is no doubt that globalisation has been an incredible driving force in recent decades, powering businesses to transcend national and international borders. But the benefits of globalisation are also accompanied by certain responsibilities such as the need to comply with local laws. Without comprehensive compliance, it is merely a matter of time before any… Continue reading Why AML risks must be countered with product innovation and tech-led measures

Propelled by rapidly changing consumer demands, digital wallets have emerged as one of the fastest-growing financial tools for both individuals and businesses. Considering the ubiquity of mobile phones, digital wallets offer a wide range of digital-first capabilities that bring ease of use, transparency, and an enhanced user experience. As digital wallet users keep increasing, their… Continue reading Breaking Down Borders: The Role of Digital Wallets in Cross-Border Money Movement

It’s common knowledge that both opportunities and challenges are two sides of the same coin. The countries in the WCA region exemplify the concept of opportunities and challenges being two sides of the same coin. On the one hand, there are significant opportunities, such as rising economic expansion and an improving entrepreneurial landscape. On the… Continue reading Building a robust payments infrastructure: Challenges and opportunities in West & Central Africa

According to industry predictions, real-time payments (RTP) represent the future of the evolving payments ecosystem. Influenced by the pandemic, RTP’s share of transactions doubled in the US in 2020, as reported by ACI Worldwide. By 2025, the report estimates that RTPs will have a CAGR of 43.4% with 6.2 billion extra transactions.¹ Similarly, as per… Continue reading How instant payments are fast-forwarding the future of remittances in North America

Be it overseas workers, globe-trotters or expatriates, every cohort relies on cross-border remittances to either send money back home or receive funds from their family. But understanding the intricacies of cross-border remittance payments is essential for both individuals and institutions undertaking international monetary transactions. In this blog, we will explore the fundamentals of cross-border remittance… Continue reading Simplifying cross-border remittance payments: A guide for efficient transactions

Latin America is one of the most exciting regions to follow for innovation in the financial sector and the emerging fintech ecosystem. Updates to infrastructure through open banking initiatives, embedded finance, Banking-as-a-Service (BaaS), and more are helping to bring payments and banking to those underserved by the existing financial system. Even today, 58% of PoS… Continue reading How digital payments work to solve financial inclusion challenges in the LATAM Region