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🌍 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

🚀 Our Plug and Play Tech Center Payment Ecosystem Report 2024 is here! Explore the trends shaping the future of payments, a market projected to reach $4.78 trillion by 2029. 📊 Key trends include: - Biometric Payments - Alternative Payments - Digital Experiences - Fraud & Security Measures - Real-time, A2A Payments & Open Banking - Crypto — The growing role of digital currencies in everyday transactions. Curious to know how these trends will impact businesses and consumers alike? Download the full report now (first link in the comment section) 🚀 Thanks to Salim Laouiti & Zoë Chrysostom for this great report! Plug and Play Tech Center Plug and Play Europe Plug and Play Fintech #Payments2024 #Fintech #Biometrics #Crypto #OpenBanking #DigitalExperience #FraudPrevention #Innovation Arthur Bessières Yves Cabanac Santiago Vivas Blijweert

When you make a payment using your phone, do you ever wonder how we got here in the first place? It all started 11,000 years ago with the barter system, where goods were exchanged directly. By 600 BC, metals like gold and silver became standardized currencies, and by 600 AD, coins were standardized. In the 1700s paper money was introduced. Fast forward to the 19th century: the transatlantic cable (1866) and telegraph money transfers (1871) sped up global financial communication. By 1950, credit cards like Diners Club allowed cashless payments, laying the groundwork for the digital financial era. In the 1960s, ATMs revolutionized banking by offering 24/7 access to cash. Then online banking emerged in the 1980s, letting us manage our finances from our own homes. Everything halted during the 2008 global financial crisis.  But then suddenly, there was a boom. In 2009, Bitcoin introduced decentralized digital transactions. During the 2010s, fintech unicorns began offering new, tech-driven services that challenged traditional finance, while blockchain and open banking gave consumers more control and improved transaction security. Today, #fintech is changing the landscape of finance with super apps and billion-dollar companies leading the way. The way we handle money has undergone a dramatic evolution—and it’s only the beginning.

The COVID-19 epidemic hastened the growth of digital financial services, as lockdowns and social distancing measures pushed consumers and businesses to rely more heavily on fintech solutions. Mobile-first fintech apps, such as trading platforms and payment solutions, experienced extraordinary growth, with millions of new accounts and users joining in the early stages of the pandemic. Traditional financial institutions failed to keep up with demand, whereas fintech companies, with their flexible, technology-driven models, adapted quickly by providing innovative solutions such as remote banking, contactless payments, and digital lending. During this period, venture capital investments in fintech increased dramatically, supported by cheap borrowing rates and a thriving stock market. Many fintech companies obtained record-breaking values and more frequent exits via IPOs and SPACs, indicating investor confidence in the sector's future growth. Furthermore, the pandemic has expedited the use of blockchain technology and cryptocurrencies, with a growing interest in decentralized financing (DeFi) and non-fungible tokens (NFTs). Central banks have also begun to investigate the prospect of issuing digital currencies, creating new opportunities for innovation in the fintech industry. #fintech #finance #technology #history

Fintech 2025: Trends in Payments, Crypto & Personalisation – Pt.1 | FinTech Magazine: Explore 2025 fintech predictions: evolving payments, crypto trends, personalisation, and insights from industry leaders in part one of our series. #finpeform #fintech

Expand Your Business Reach with GlobiancePay's Global Payment Gateway! 🌍 Ready to expand your business reach? Why not try a Global Payment Gateway that can handle banking and payment needs for businesses everywhere! With GlobiancePay you can offer a seamless online digital payment checkout, using international currencies or digital payments for your online store or business from anywhere in the world! 💳 🌐 Say hello to more customers and effortless transactions, visit globiancepay.com to learn how we can help you take your business global! #ExpandYourReach #GlobalPayments #Checkout #Crypto #Digital #BusinessGrowth #Stablecoin #CurrencyConversion

💶 Cash is no longer king in the #Eurozone! 📉Over the past few years, we've seen a significant shift away from cash #payments, dropping from 72% in 2019 to a projected 51% by 2024. 💡This represents an annual decline of 6.6% as digital and contactless payments, including #stablecoins like #EURS, become the new norm. As we move towards a more #cashless society, the financial landscape is rapidly evolving. Are you ready for the future of money? #Fintech #DigitalPayments #CashlessSociety #STASIS #stablecoin #Algorand

Mind-blowing numbers ahead : The future of payments is here, and it's worth $54 TRILLION globally! Here's how it breaks down : 💎 PLATFORMS: $36T Super apps are the new black! From shopping to banking - all in one place. Think Wechat, but everywhere. 🛒 ONLINE: $6.8T E-commerce? That's just the beginning. The creator economy is exploding, and digital identities are reshaping how we exist online. 💼 WALLETS: $4.4T Crypto, stablecoins, digital currencies - your phone is your new bank ! Traditional banks ? So 2020. 📇 EMBEDDED: $1.1T Your car paying for gas? Your watch buying coffee ? Welcome to the future ! Everything's becoming a payment device. ⏱️ REAL-TIME: $5.3T Because who wants to wait ? Instant is the new normal, whether you're shopping online or sending money home. 🔥 The big picture ? Every digital move you make involves a payment. It's not just about money - it's about powering our digital lives. Check out J.P. Morgan's full report #FinTech #Payments #DigitalTransformation #Innovation #Technology #IDV #KYC

In recent years, the rise of financial technology (fintech) has revolutionized the way consumers interact with financial services. From mobile banking apps to digital payment platforms, fintech offers a plethora of benefits that enhance the financial lives of consumers. These innovations not only provide convenience and accessibility but also drive efficiency, cost savings, and greater control over personal finances. As the fintech landscape continues to evolve, consumers stand to gain even more advantages, reshaping the traditional banking and finance industry for the better. #fintech #financialtechnology #futureoffinance #digitalfinance #banking #financialliteracy #financialinclusion #digitalpayments #blockchain

🚀 The Future of Digital Payments Is Here! 🚀 Stay ahead of the curve by exploring the latest trends shaping the world of digital payments. 🌐💸 Whether you're a business or a consumer, understanding these trends is crucial to staying competitive. 👉 Read our blog to learn more about what’s coming next in the digital payments landscape! https://loom.ly/KaikJqc #DigitalPayments #Fintech #Crypto #VoltaBlog #FutureTrends