Payments Council

The Eurosystem policy response to developments in retail payments

Retrieved on: 
Wednesday, February 7, 2024

Retail payments are undergoing profound changes that are reshaping the European payments landscape.

Key Points: 
  • Retail payments are undergoing profound changes that are reshaping the European payments landscape.
  • The retail payments ecosystem and consumers’ attitudes and preferences are evolving and influencing one another.

ACI Worldwide’s Daniele Astarita Selected To Serve on the EPC Scheme Technical Player Multi-Stakeholder Group

Retrieved on: 
Monday, December 18, 2023

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced that the European Payments Council has selected ACI’s

Key Points: 
  • ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced that the European Payments Council has selected ACI’s
    Daniele Astarita, senior principal solution consultant, for a two-year membership to the Scheme Technical Player Multi-Stakeholder Group (STP MSG), beginning January 1, 2024.
  • Since its inception, the European Payments Council (EPC) Scheme Technical Player Multi-Stakeholder Group has offered full support to the EPC, contributing to the advancement of instant payment scheme developments, and offering insight on topics such as diversity and inclusion, barriers to adoption and rollout, and successful instant payment use cases.
  • “I am honored the EPC board accepted my nomination to represent ACI Worldwide within this prestigious group of industry leaders who are jointly committed to supporting the adoption of instant payments in Europe,” said Astarita.
  • To learn more about how ACI Worldwide is advancing real-time payments, and leveraging AI to combat financial fraud, please visit www.aciworldwide.com .

Global Fintech Fest 2023

Retrieved on: 
Thursday, September 7, 2023

“Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.

Key Points: 
  • “Introduction of Central Bank Digital Currency (CBDC) in Nepal shall be envisioned in a phased manner,” said Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank, during a special address on ‘Empowering Financial Inclusion through Fintech Innovation: Nepal's Journey towards a More Inclusive Financial Landscape’ at the Global Fintech Fest 2023.
  • Mr. Adhikari said that the government of Nepal considered digitalisation as its top priority and accordingly formulated its Digital Nepal Framework in 2019.
  • In alignment with this the issuance of the Nepal Pay Card, like India’s RuPay card, is in progress.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports |81 Academic Papers| 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors |500+ exhibitors |150K Sq.

Global Fintech Fest 2023 - AFAQ and BUNA Systems Have Improved Payments in GCC: Khaled Al Basias of Saudi Central Bank

Retrieved on: 
Friday, September 8, 2023

MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.

Key Points: 
  • MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.
  • Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank highlighted that the AFAQ and BUNA systems have helped improve payments in the GCC region.
  • AFAQ system was created in 2020 to link all the GCC countries' RTGS payments and central banks for foreign exchange transactions.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Talent Biggest Challenge for Dubai Fintechs: Mohammad Alblooshi, CEO, DIFC Innovation Hub

Retrieved on: 
Thursday, September 7, 2023

Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.

Key Points: 
  • Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.
  • This has led to Dubai being an importer of talent rather than producing its own.
  • He was speaking at a panel discussion on 'Roadmap to establish a thriving FinTech hub: Navigating challenges and driving FS innovation' at the Global Fintech Fest 2023 (GFF 2023).
  • He was joined by Takeshi Kito, Vice-Chair, Fintech Association of Japan, Nezar Alhaidar, Director, Fintech Saudi and Rehan D'Almeida, General Manager, Fintech Australia.

Global Fintech Fest 2023: Fireside Chat - AI Helps Improve Efficiency, Lower Organizational Costs: Thomas Kurian

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.
  • He was engaged in a fireside chat with Renny Thomas, Senior Partner, McKinsey and Company on 'The Future of Fintech: Empowering Fintech with AI' at the Global Fintech Fest 2023.
  • With initiatives such as UPI and ONDC, many of the products are increasingly going to shift from traditional batch to real-time.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors |150K Sq.

Global Fintech Fest 2023

Retrieved on: 
Wednesday, September 6, 2023

“Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).

Key Points: 
  • “Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).
  • Today, fintech has become a robust and dynamic financial inclusion tool,” Smt.
  • Sitharaman said, dwelling at length on the role of fintechs in building a global responsible financial ecosystem.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: An Early Adopter of Technology, Australia is a Thriving Market for Innovators - AusPayNet CEO Andy White

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.
  • During COVID, there was an incredible adoption of digital wallets, moving away from physical cards while retaining the tap-and-go convenience.
  • In another session on 'Australian Capabilities in Tech Sector', hosted by Vik Singh, Trade and Investment Commissioner, Austrade, Rehan D Almeida, General Manager, Fintech Australia, said that Australia and India could benefit from each other's strengths.
  • "Australia's new trade agreement brings opportunities for people with high skills to get access to the market and find opportunities in Australia.