With the global payments landscape rapidly evolving, there are increasing expectations for faster, more convenient solutions that optimise security and the user experience. As a result, payment networks, banks, technology companies and governments are racing to meet this demand.
Arif Khan, Chief Digital Officer at National Payments Corporation of India (NPCI), spoke with Samee Zafar (Director, London). In the interview, Mr Khan outlines how India is moving towards digital payments and how NPCI and its latest initiatives are contributing to this movement.
Matt Sloan (Managing Director EMEA at Discover Financial Services) discussed with Samee Zafar (Director, London) how the pandemic has changed consumer payment behaviour and the challenges that established payment networks will have to face in the near future.
In most digital economies, the landscape of payment solutions for a number of use cases such as retail commerce, person to person payments, and corporate e-invoicing has been rapidly evolving over the last few years. As a result, both consumers and merchants can choose from a wide range of payment methods to make and collect payments, respectively.
As the number of people without a regular income struggle to make regular household bills, there is a new UK payments service on the horizon