JustiPay’s Post

The payments industry in the UK and Europe is on the cusp of significant transformation, driven by evolving regulatory frameworks and rapid technological advancements. As regulators introduce new measures to enhance security, competition, and financial stability—such as the EU’s Payment Services Regulation (PSR) and the UK’s National Payments Vision—businesses must adapt to changing compliance requirements. Simultaneously, innovations in digital payments, open banking, and artificial intelligence are reshaping how consumers and businesses transact. This article explores the key regulatory shifts and emerging technologies that will define the future of payments, highlighting the challenges and opportunities for financial institutions, fintechs, and payment service providers.  #payments #fintech #business #paymentsolutions #ecommerce #finance #banking #paymentprocessing #paymentgateway #smallbusiness #creditcardprocessing #money #merchantservices #pos #payment #creditcard #cryptocurrency #creditcards #bitcoin #mobilepayments #pointofsale #technology #blockchain #digitalpayment #cash #crypto #upi #shopping #banks #psd2 Paybuddy

🌍 How High-Risk Banking Enables Global Expansion for Emerging Businesses. For emerging businesses in high-risk industries like cryptocurrency, e-commerce, online gaming, and CBD, expanding internationally can seem daunting. Traditional banking often imposes barriers, but high-risk banking provides tailored solutions to help businesses break through and grow globally. here are some barrier-breakers: 🔷 Access to Global Payment Gateways 🔷 Regulatory Expertise for Compliance 🔷 Tailored Financial Solutions 🔷 Fraud Prevention Across Borders 🔷 Fewer Geographic Limitations 🔷 Scalability Without Constraints SteelPay: Your Gateway to Global Success At SteelPay, we specialize in empowering high-risk businesses to expand internationally by providing: 🌍 Multi-Currency Payment Gateways for seamless transactions worldwide. 🔐 Fraud Prevention Tools to protect against risks in new markets. 📋 Regulatory Compliance Support to navigate the complexities of global operations. Ready to Expand Your Business Across Borders? 📩 Contact us today to discover how we can help your emerging business thrive in the global market. 🔗 [https://steelpay.co/] 💡 Know an entrepreneur ready to go global? Share this post and help them take the leap! #HighRiskBanking #GlobalExpansion #BusinessGrowth #InternationalPayments #FraudPrevention #EmergingMarkets #SteelPay #RegulatoryCompliance #CrossBorderPayments

Global Digital Money Transfer & Remittances Report 2024-2028: Total Transaction Value Set to Climb from $3.9 Trillion in 2024 to $6.5 Trillion by 2028! The #Digital #Money #Transfer & Remittances research report provides a detailed evaluation and analysis of both the #domestic and #international markets, including the impact of instant #payments, #blockchain and #CBDC and other initiatives disrupting the market such as mobile money, neobanks, mobile wallets and payment gateways. It highlights future opportunities and technologies that are #important for #vendors, #merchants and #financial institutions to consider when adapting #money #transfer and #digital remittances for the future, incorporating aspects such as Open #Banking, instant #transfers and CBDCs. Key Statistics * $3.9 trillion - Total transaction value in 2024 * $6.5 trillion - Total transaction value in 2028 * 41% - 2024 to 2028 market growth * 2024-2028 - Forecast period https://lnkd.in/ght2kBuQ

➡️ Today, electronic money institutions (EMls) are gaining the upper hand over traditional banks in the digital age. It offers a technologically intelligent approach, enabling faster local and international transactions at competitive rates, the convenience of multi-currency accounts with a user focus, transparent fees and compliance that provides a superior banking experience compared to traditional banking services. ➡️ Legacy banks are still clinging to a #Nokia-era mindset, believing they don't need to change and that these small fintechs will eventually fade away. Let's hope they realize the need to adapt before it's too late. Marcel van Oost Arthur Bedel 💳 ♻️ Stuart Harle Bilal Dahlab Travis Matthew I טראוויס מתיו Emerging Fintech Forum #Fintech #FinancialTechnology #Payments #DigitalBanking #Cryptocurrency #moneco #Blockchain #ArtificialIntelligence #Finance #FinancialInclusion #OpenBanking #Wise #mastercard #sumsub #bitget #visa #swift #debitcard #prepaidcard #creditcard #visacard #digitalbank #neobank #sepa #googlepay #paysera #applepay #paybybank #instantpayments #payments #openfinance #paymentinnovation #pointofsale #Crypto #Security #KYC #FraudPrevention #international #bankera #revolut #Emergingfintechforum #plaid #monzo #starling #banking #complycube #n26 #kuady

🌍 The Future of Cross-Border Payments 🌍 As we look ahead to 2024, it's clear that the landscape of cross-border payments is evolving rapidly. From the rise of Central Bank Digital Currencies (CBDCs) to the challenges and opportunities in correspondent banking, tokenization, and instant payment systems, the industry is poised for significant transformation. Here are some key insights: CBDCs: Multi-CBDCs are emerging as a game-changer, aiming to improve transaction efficiency and interoperability across borders. Correspondent Banking: Despite its complexities, advancements in standardization and the use of APIs are helping streamline processes and reduce costs. Tokenization: Enhances security and efficiency, paving the way for more robust settlement infrastructure. Instant Payment Systems (IPS): Rapidly gaining traction, offering real-time settlement and improved liquidity management. Top Challenges: Transaction costs Processing times Transparency and governance Promising Solutions: Interlinking instant payment systems Adopting CBDCs Harmonizing regulatory frameworks The future is bright, and the potential for innovation is immense. Let's embrace these changes and work towards a more efficient, secure, and inclusive financial system. #CrossBorderPayments #Fintech #CBDCs #InstantPayments #Blockchain #Tokenization #FinancialInnovation

Max Collinge, during the "The New Payment Playbook: Enhancing Gambling Experiences" workshop, shares insights into the slow but steady adoption of open banking in the UK and Europe Max explains how education is a major barrier to faster adoption, with localized currency systems being key to making people more comfortable with this new payment method. Understanding these dynamics is crucial for businesses looking to enhance their payment systems and offer customers a smoother gambling experience. Watch the full YouTube session with Max Collinge, Georgi Stoianov, Anna Slavkova, Rob Foster, and Tim Bottell to learn more about how open banking can reshape gambling payments. #payment #banking #gambling #crypto #blockchain #edge

Big changes are coming to the digital payments landscape! The CFPB has rolled out new regulations aimed at enhancing security and transparency for digital payment platforms. These updates are designed to protect users, streamline processes, and ensure fair practices in the fast-evolving fintech space. Whether you’re a consumer, business owner, or developer, these regulations are set to impact how digital transactions are handled. Stay informed and adapt to the changes with confidence. Read the full article here:https://lnkd.in/eGxJdSbK #payments #fintech #business #paymentsolutions #ecommerce #finance #banking #paymentprocessing #paymentgateway #smallbusiness #creditcardprocessing #money #merchantservices #pos #payment #creditcard #cryptocurrency #theentrepreneurinsights

🌍 What is SWIFT, and How Does It Work? 💸 If you’ve ever sent or received an international payment, chances are the SWIFT network was behind it. But what exactly is SWIFT, and why is it so essential to global finance? 🔹 What is SWIFT? SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network that enables banks and financial institutions to securely exchange information for cross-border payments. Established in 1973, it connects over 11,000 institutions across 200+ countries. 🔹 How Does It Work? SWIFT doesn’t move money directly—it sends secure, standardized messages that instruct banks on how to process transactions. Here's how it works: 1️⃣ The sender’s bank generates a SWIFT message with payment details. 2️⃣ The message is transmitted securely through the SWIFT network to the recipient’s bank. 3️⃣ The recipient’s bank verifies the details and processes the payment. 🔹 Why is SWIFT Important? Facilitates seamless global trade 🌐 Ensures secure and standardized transactions 🔒 Connects financial institutions worldwide 🤝 While new technologies like blockchain are emerging, SWIFT remains the backbone of international banking. What’s your take—will SWIFT evolve or be disrupted by new innovations? Let me know your thoughts below! 👇 #SWIFT #GlobalFinance #Banking #InternationalPayments #Innovation

As we aim for cross-border payments to achieve “the speed of the internet,” the journey ahead is filled with both challenges and opportunities. Our Chief Commercial Officer, Mishal Ruparel, shared his perspective on cross-border payments and the future of the industry with Olivia Tirona at Asian Banking & Finance:      “In most developed countries, instant domestic payment systems are already in place. However, when it comes to cross-border payments, particularly in the B2B sector, issues like intermediary banks cause delays and add fees, underscoring the need for more streamlined, efficient global solutions.”    📖 Want to learn more? Read the full article: https://lnkd.in/gAXAikSk or connect with our sales team to discover how Banking Circle can help reduce payment friction: https://lnkd.in/gCnfgxqS.     #CrossBorderPayments #Fintech #InstantPayments #Web3 #Blockchain #BankingCircle #AsianBankingAndFinance 

🌐 Iberbanco’s Approach to Virtual Currencies: Navigating the Future of Digital Banking 💡 At Iberbanco, we’re not just keeping up with the times—we’re redefining how crypto processing and conversion should work. 🚀 By blending the best of traditional finance with cutting-edge technology, we’re making it easier than ever for businesses and individuals to stay ahead in the digital shift. Whether you’re managing international payments or navigating the world of virtual currencies, we’ve got your back with seamless, secure, and straightforward solutions. 💼💱 Let’s keep moving forward, together! 🔗 #DigitalBanking #VirtualCurrencies #CryptoProcessing #FinTech #IberbancoAdvantage #StayAhead #GlobalFinance