Payment and settlement systems in India

KyckGlobal to Expand Real-Time Push Payments in U.S. Marketplaces with Visa Direct

Retrieved on: 
Tuesday, April 14, 2020
Economy, Money, Finance, Payment systems, Debit cards, Credit cards, Financial District, San Francisco, Visa Inc., Payment, Payment and settlement systems in India

ATLANTA, April 14, 2020 /PRNewswire/ --KyckGlobal announced a collaboration with Visa to expand the availability of 'push payments' in the U.S. commercial sector.

Key Points: 
  • ATLANTA, April 14, 2020 /PRNewswire/ --KyckGlobal announced a collaboration with Visa to expand the availability of 'push payments' in the U.S. commercial sector.
  • The growing popularity of 'person to person' (P2P) payments has fueled growing interest in the availability of push payments for U.S. businesses.
  • Unlike traditional debit transfers, push payments do not require bank routing or account numbers, and offer real-time1 money movement at a significantly lower cost.
  • Visa Direct is Visa's real-time push payments solution for small-business and consumer payments, helping financial institutions allow their customers to transfer funds to a debit account in real time.

E-Commerce Payment Landscape in Asia-Pacific Led by Digital Wallets

Retrieved on: 
Monday, March 30, 2020
Money, Economy, Finance, Online payments, Payment systems, Financial technology, E-commerce payment system, Mobile payments, Digital wallet, Payment and settlement systems in India, Alternative payments

DUBLIN, March 30, 2020 /PRNewswire/ -- The "Asia-Pacific Online Payment Methods 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 30, 2020 /PRNewswire/ -- The "Asia-Pacific Online Payment Methods 2020" report has been added to ResearchAndMarkets.com's offering.
  • Asia-Pacific is the world's leading region in terms of the digital payments market size.
  • In Australia, online card payments accounted for a third of the total card payment value in 2019, and in South Korea, credit cards held the highest rank among payment methods used for both desktop-based and mobile digital purchases.
  • At the same time, these countries also witnessed the rise of mobile wallets and especially QR code-based mobile payments.

Payments in Poland, 2019 - The Overall Number of Transactions is Expected to Reach 8.7 Billion - ResearchAndMarkets.com

Retrieved on: 
Monday, November 18, 2019
Banking, Professional services, Finance, Economy, Money, Payment systems, E-commerce, Finance, Mobile payment, Payment, Contactless payment, Payment and settlement systems in India

Payments in Poland 2019 offers a comprehensive overview of the payments sector in Poland.

Key Points: 
  • Payments in Poland 2019 offers a comprehensive overview of the payments sector in Poland.
  • The analysis covers various statistics on card payments, cash transactions and the whole spectrum of other payment methods nowadays accepted by merchants in Poland.
  • This favourable trend could be attributed to a surge in mobile payments and a higher number of card transactions.
  • As of 2018, the overall number of transactions* exceeded 7.5 billion and it is expected to hit 8.7 billion by 2019.

Buckzy Payments Inc. plans to deliver Real-Time Cross Border Payments Solution for Finastra's Financial Institution Clients Worldwide

Retrieved on: 
Tuesday, October 29, 2019
Economy, Financial services, Money, Banking in India, Finastra, Payment system, E-commerce, Bank, Payment and settlement systems in India

The company aims to connect Finastra's leading payment platform, Fusion Global PAYplus, into Buckzy's real-time cross border payments network, via the FusionFabric.cloud platform for open innovation.

Key Points: 
  • The company aims to connect Finastra's leading payment platform, Fusion Global PAYplus, into Buckzy's real-time cross border payments network, via the FusionFabric.cloud platform for open innovation.
  • "Buckzy's innovative technology is exactly the kind we need to help our financial institution clients facilitate real-time cross border payments for their customers," said Sagive Greenspan, Payments GM, Finastra.
  • Buckzy is leading a global change in cross border payments by enabling financial institutions to change the way their customers move money around the world.
  • Buckzy enables a "real-time" cross border payments ecosystem for sending and receiving money instantly between bank accounts 24x7, 365 days a year with zero transaction fees.

Federal Reserve Names Ken Montgomery Leader of Newly Announced FedNowSM Service for Real-Time Gross Settlement of Faster Payments

Retrieved on: 
Thursday, August 15, 2019
Professional services, Data management, Technology, Finance, Banking, Economy, Finance, Money, Real-time gross settlement, Federal Reserve System, Federal Reserve, Faster Payments Service, Clearing, Payment and settlement systems in India, East Rutherford Operations Center

The Federal Reserve System today announced that First Vice President Kenneth C. Montgomery will lead the development of a new FedNowSM Service to support faster payments in the United States with interbank real-time gross settlement (RTGS) and integrated clearing.

Key Points: 
  • The Federal Reserve System today announced that First Vice President Kenneth C. Montgomery will lead the development of a new FedNowSM Service to support faster payments in the United States with interbank real-time gross settlement (RTGS) and integrated clearing.
  • The Federal Reserve Board of Governors announced its decision that the Reserve Banks will offer this RTGS service in a Federal Register notice last week.
  • He is a natural fit to lead FedNow given his success in previous Federal Reserve technology and business management roles, and his leadership of our payments security efforts.
  • Earlier, as executive vice president and Federal Reserve System chief technology officer, Montgomery headed the National Information Technology Architecture and Standards Division.

China Third-Party Payment Industry Report, 2019-2025 Featuring 7 Key Chinese Third-Party Payment Platforms, 9 Independent Firms, and 3 Telecom Operators - ResearchAndMarkets.com

Retrieved on: 
Friday, May 24, 2019
Professional services, Banking, Finance, Economy, E-commerce, Money, Finance, Payment systems, Financial technology, Mobile payment, Payment, E-commerce payment system, Split payment, Payment and settlement systems in India

Third-party payment is comprised of traditional payment and emerging fin-tech services, of which payment services fall into five kinds, i.e., mobile POS (Point of Sale) payment, mobile payment, internet payment, POS service, and cross-border payment service.

Key Points: 
  • Third-party payment is comprised of traditional payment and emerging fin-tech services, of which payment services fall into five kinds, i.e., mobile POS (Point of Sale) payment, mobile payment, internet payment, POS service, and cross-border payment service.
  • Mobile payment and internet payment are the most popular online payment methods in the current stage.
  • This report highlights the following:
    China third-party payment industry (chain, access policies and standards, and key players)
    China third-party payment market (online and mobile payments) user research (nature, behavior, preference, etc.)
  • China third-party payment market segments (offline transactions, online payment, mobile payment, cross-border payment, etc.)

Buckzy Payments Inc. Announces Real-Time Cross Border Payments Capabilities

Retrieved on: 
Tuesday, April 2, 2019
E-commerce, Economy, Money, Financial services, Payment systems, Banking in India, Interbank networks, Payment and settlement systems in India, National Payments Corporation of India

"Some countries are further ahead than others, but overall, payments' architecture is not evolving fast enough, and we believe Buckzy is the answer to helping the sector catch up globally," said Abdul Naushad, CEO of Buckzy Payments.

Key Points: 
  • "Some countries are further ahead than others, but overall, payments' architecture is not evolving fast enough, and we believe Buckzy is the answer to helping the sector catch up globally," said Abdul Naushad, CEO of Buckzy Payments.
  • Buckzy enables a "real-time" cross border payments ecosystem for sending and receiving money instantly between bank accounts 24x7, 365 days a year with zero transaction fees.
  • The network technology platform enables cross border money movement between banks and 3rd party wallets to enable remittance, bill payments and online B2B Commerce payments along with P2P consumer transfers.
  • This real-time payments ecosystem network and technology platform enables cross-border B2B/B2C/P2P payments, global bill payments and eCommerce payments with comprehensive API's for banks and service providers to build industry specific solutions.