Samee Zafar (Director, London) recently spoke with Vibhor Mundhada, CEO at NEOPAY. During the conversation, Vibhor shared his views on the e-commerce market in the GCC region, as well as the future of NEOPAY.
Jean Sideris (Director, Dubai) and Rawad Nasser (Consultant, Paris) analyse the increasing challenges of international card schemes in the context of rising domestic initiatives.
In an era of shared living and collaborative experiences, the need to divide expenses fairly and efficiently has become increasingly important. With the rise in the cost of living and the financial challenges faced by new generations, finding innovative solutions to split payments has become paramount. Beatrice Sava (Consultant, London) takes a look at the increasingly interconnected consumers that are using new technologies and payment solutions in order to simplify and focus on enjoying the experience rather than worry about potential financial and emotional anguish.
Did you know that consumers could use a different digital wallet for every month of the year. There is AliPay, Amazon Pay, Apple Pay, Google Pay, Masterpass, PayPal, Paytm, Samsung Pay, Shop Pay, Venmo, Visa Checkout and WeChat Pay. 12 wallets for 12 months! Mark Beresford (Director, London) has asked to the question - could all these different digital wallets confuse consumers and merchants. And, importantly, could there be one digital wallet for all your needs?
On Monday 17th April 2023, the Joint Regulatory Oversight Committee (JROC), co-chaired by the Financial Service Authority (FCA) and the Payment Systems Regulator (PSR), published its recommendations for the next phase of Open Banking in the UK. The report contains recommendations and it is effectively a roadmap for the future of Open Banking and payments in the UK. Mark Beresford (Director, London) and Elisabetta Nadal (Business Analyst, London) have taken some time to review and identify the implications of the report and consider other UK-wide financial services initiatives that have happened in recent history.
Cashless shops may become a reality sooner than we believe. In this article, Mark Beresford (Director, London) and the Retail Practice at EDC explore how this fundamental change to cashless stores may affect consumers, where the benefits and potential concerns exist, and which retailers are going cashless.