Oveit launches a digital payment solution that runs through a proprietary blockchain system. The company comes to Banking 4.0.

Oveit, the American company of Romanian origin that combines the experience of the events with live shopping through digital online ticketing and live stream shopping solutions, launches Oveit Wallet. The new product complements Oveit Pay, a solution already established in the company’s portfolio. Both payment technology products are appropriate for festivals, event organizers, or amusement parks, running through a company-owned blockchain system for increased payment security. Oveit Pay is a digital […]

ECB publishes report on payment preferences as part of digital euro investigation phase. Respondents want a one-stop-solution that would incorporate all the current payment options into one system.

The European Central Bank (ECB) published the findings of its commissioned research on citizens’ payment habits and their attitudes towards digital payments in order to gain a deeper understanding of user preferences as part of the digital euro project. Based on the responses of focus groups and online communities across all euro area countries, the report shows a strong preference for payment methods with pan-European reach and universal acceptance in physical shops and online. Users […]

Visa partners with ConsenSys to help bridge CBDC networks with existing payment rails. „We expect to start doing it later this spring.”

Visa is partnering with ConsenSys, a blockchain technology company, to develop new infrastructure that can help central banks and traditional financial institutions come together and build services on top of CBDC (central bank digital currency) networks. As central banks around the world dig deeper into central bank digital currency (CBDC), questions on adoption and usability are top of mind. Once you’ve built the technology to power CBDC, how do you […]

Google Pay is now available directly through Google, not just through banks or other payment processors

GPay app is now finally available in Play Store in 9 more EU markets: Austria, Belgium, Estonia, Greece, Hungary, Latvia, Lithuania, Portugal and Romania! „It means you can now easily switch between payment methods, add loyalty cards, boarding passes, event tickets and many more objects directly to your phone!,” says Mikhail Strunkin, EMEA Strategic Partner Development Manager, GPay at Google. „And of course now you can have full experience with GPay on […]

Wirecard launches first fully digital multi-merchant loyalty solution. The company is coming to Banking 4.0

Cross-functional loyalty solution from Wirecard is the first digital wallet which links payment and loyalty. Wirecard, the global innovation leader for digital financial technology, continues to expand its value added services portfolio with the launch of its fully-digital multi-merchant loyalty solution. With an unique B2B2C approach, the solution supports companies looking to globally expand their operations and tap into new industry sectors. „By linking loyalty and payment services within a […]

Due to fintech competition, banks risk losing US$280 billion in payments revenue by 2025, according to Accenture Report. Accenture is coming to Banking 4.0

Yet, as digital payments continue to grow, banks can tap into US$500 billion opportunity in new payments revenue if they adopt innovative business models. As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture. The report found that global […]

Samsung announced SoftPOS – a solution that turns smartphones and tablets into a contactless payment terminal. The first pilot will take place in Poland.

SoftPOS enables Samsung mobile devices to be used for contactless transactions for any amount with no additional equipment. First Data, now part of Fiserv, a leading global provider of payments and financial services technology solutions, together with Visa, a global leader in digital payments, and Samsung Electronics, will showcase the company’s new Software Point of Sale (SoftPOS) solution during IFA 2019. IFA is Europe’s largest technology fair and the leading […]