Amid Increasing Competition, Zelle Leads the P2P Pack
Peer-to-peer (P2P) platform Zelle processed over $1 trillion in total payment value last year, which the company stated was the highest amount ever sent on a P2P payments platform in a single year. Overall, Zelle processed 3.6 billion transactions last year, marking a 25% year-over-year increase. The platform also added 16 million users, bringing the […]
As Powell Commits to No CBDC, Global Momentum Stalls
Fed Chair Jerome Powell’s firm stance that a central bank digital currency will not happen under his watch aligns the U.S. with other nations that have been slowing their own CBDC developments. While the Fed has no plans to pursue a CBDC, nearly a third of central banks worldwide have delayed their own digital currency […]
Fast, Secure, and Future-Ready: Santander Consumer’s Payments Tech Transformation
In the fast-changing world of financial services, modernizing payments technology has become essential for businesses looking to reduce costs, enhance customer experiences, and stay competitive. Santander Consumer, a full-spectrum auto lender, stands as a prime example of how bold leadership and strategic decision-making can transform payments infrastructure to deliver long-term value. On a PaymentsJournal podcast, […]