Why Is the Digital Euro Taking So Long to Develop?
The digital euro, first proposed in 2020, is now looking at a potential launch date of mid-2029. “The middle of 2029 could be a fair assessment,” European Central Bank Executive Board member Piero Cipollone said this week. “We should arrive at a general approach, as they call it, an agreement among member-states by the end […]
UPI Strengthens Global Payments Dominance
The National Payments Corporation of India (NPCI) handles almost half of the world’s digital transactions, primarily through its Unified Payments Interface (UPI) platform, and its reach continues to expand. According to India Today, there were just over 20 billion UPI transactions in August alone—far surpassing Brazil’s formidable real-time payments system, Pix, which processed roughly 6 […]
Left to Their Own Devices: How Digital Services Drive Banks’ Revenue Growth
Is the banking industry facing a digital revolution, or has it already happened? Research shows that 60% of bank customers prefer digital-first interactions, yet many banks have not made enough of their services available digitally. This gap leaves the door open for fintechs to engage customers and prospects directly on their mobile devices. There are […]