Blog
Can prepaid cards drive financial inclusion?
In recent years, there has been significant progress made towards financial inclusion. According to the latest data from the World Bank, more than 1.2 billion adults worldwide have gained access to financial services since 2011, and today 69% have a bank account. However, there is a long way to go, with close to one-third of adults (2 billion) unable to access financial services.
Blog
Technology as a driver for innovation in the Asian payments market
The payments landscape in Asia is diverse. With almost half of the world’s population calling the region home, and huge differences between cultures, it is understandable that meeting the needs of both consumers, merchants and financial institutions (FIs) is far from simple.
Article
Financial IT Interview with Adil Ahmed, Vice President & Deputy Managing Director of Compass Plus
In today’s fast-paced payments world, building a processing business to meet the requirements of financial institutions (FIs) old and new, traditional and disruptive, is no mean feat. Maria Nottingham, Managing Director of Compass Plus Great Britain and an Executive Vice President of the Compass Plus Group, has risen to the challenge with the support of her team and mentors, and has been rewarded with the Woman in PayTech award 2021 for her efforts.
Blog
Keeping pace in the evolving Middle East and Africa payments market
The Middle East and Africa (MEA) is often reported as having one of the smallest payments markets in the world in terms of available services. Despite this, it is extremely fast-paced. This is, in part, due to the number of new disruptive players entering the market.
Article
Building a successful, modern-day payments processing business
In today’s fast-paced payments world, building a processing business to meet the requirements of financial institutions (FIs) old and new, traditional and disruptive, is no mean feat. Maria Nottingham, Managing Director of Compass Plus Great Britain and an Executive Vice President of the Compass Plus Group, has risen to the challenge with the support of her team and mentors, and has been rewarded with the Woman in PayTech award 2021 for her efforts.
Article
Are you being served?
Traditionally the word ‘underserved’ is reserved for the B2C sector of financial services, however, this terminology has become increasingly relevant to the financial institutions themselves, whereby they are being underserved by their technology partners. Underserved FIs often underserve their customers.
Article
Agility is the mother of payments innovation, but legacy is still a sticking point
For the first time, we’re in a consumer-driven world. We once did our banking with whoever had the nearest branch and we shopped with whoever had the best price or with the local store. Things have changed. Consumers are now in control, driving demand for slicker, more convenient, more personalised services across retail, commerce and banking. All businesses must now remain agile and quick to adapt to customer demand - or risk their own survival.
Blog
Payments 2021: how did we get here and where are we going?
It’s strange to think that 20 years ago, payments didn’t really exist as an industry in its own right. Fast-forward to the start of this decade and it’s a very different story – payments, banking, fintech, commerce (and much more) are all part of a thriving, complex, interwoven ecosystem.