| Ripple talks MoneyGram X-Border payments deal, BIS launches Central Bank innovation hub, How megamergers will reshape merchant services | | | Innovation Readiness Playbook⢠|
| Why Drive, Not Size, Is Key To FI Innovation In the banking world, large financial institutions (FIs) were once the engines of technological innovation. However, thatâs changing, with more than 40 percent of small FIs now aiming to be first to market with new products and features. The latest edition of PYMNTS' Innovation Readiness Playbook series, based on a survey of 200 FI execs, reveals that drive â not size â may be the key factor on the innovation playing field today. |
| Payment Megamergers Reshape The Merchant Services Chessboard The megamergers of 2019 have been reshaping the payments industry â for merchant services especially, the chessboard looks a lot different. Daniela Mielke, CEO of RS2 North America, tells Karen Webster why, for incumbent players tied to legacy systems and processes, scale is not enough â not when tech upstarts are folding payments into ecosystems that combine platforms, services, speed and security. |
| The State Of Indiaâs Digital Payments Progress â And Future The digital transformation of Indiaâs payments landscape is underway, through government mandate, and a slew of banking and FinTech players. Jeremy Wilmot, group president at ACI Worldwide, tells Karen Webster that greenfield opportunities exist in a marketplace featuring more than 1 billion tech-savvy consumers â and through mobile devices, transacting in bits and bytes. |
| | Libra Global Payments Rails | | If Facebook Wants To Be WeChat, Why Did It Launch Libra? Facebook has long admired WeChat, and the powerful commerce ecosystem that 1 billion Chinese people use every day. Itâs been the cornerstone of Messengerâs monetization ambitions since 2014, and now, five years later with Libra and Calibra, the global payments foundation hopes to move its monetization meter in that direction. Karen Webster says that if Facebook and Messenger want so much to be like WeChat, they have a funny way of showing it â since theyâre doing the opposite of everything WeChat did to become successful. Hereâs why. |
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