South Korea to Launch QR Code-Based Payments System in Indonesia
Following a model established by China’s payments apps, South Korea plans to launch a QR code-centric payments service in Indonesia. The Korea Financial Telecommunications & Clearings Institute (KFTC), a division of the Bank of Korea, is leading the initiative, with the broader goal of establishing a network that connects Korean financial services companies with overseas […]
Why Meta Is Getting Back into the Stablecoin Business
Three years after abandoning its previous effort to produce a stablecoin, Meta is now working with several cryptocurrency companies to introduce a new version of the digital currency. The company plans to use the stablecoin for cross-border payments, simplifying payouts to the creators who use its platforms around the world. Not only will this make […]
Credit Cardholder Attrition: The Big Enchilada Is in Play
Credit card managers often have an annual business development goal in place of expanding their loan portfolios. In practical terms, a good year requires the issuer to offset voluntary and involuntary attrition with new account bookings, with a 6% to 8% net growth model. In normal years, attrition is approximately 15%, with half of the […]
Ensuring Payment Decisions Pay for Themselves
Even though payment decisions can have implications across an entire enterprise, the total cost of payments is often neither well-known nor properly measured. A true payments orchestration strategy must not only consider organizational impacts but also quantify them. Conducting this type of assessment can help organizations identify which payment changes result in increased ROI and […]