Viewpoints

As the appetite for all things digital increases to include everything cashless from banking to e-commerce, encompassing digital wallets, P2P transfers and everything in between, banks in the GCC need to expedite their digital transformation strategies and take advantage of their already established customer bases, consumer trust and loyalty.

From the integration of trending technologies like artificial intelligence to the focus on consumer trust and security - the panelists will examine the digital banking landscape and provide valuable insights into the current state of digital banking and the trends that are taking hold.

Customer centricity is key for any modern-day payments business. The days when product design was driven solely by what the FI wanted to offer are long gone, and what the customer wants is now at the epicentre of all business product decisioning. This is by no means a bad thing, but there are always consequences whenever there is a significant shift in strategy.

Join our expert panel to explore how legacy systems continue to fit into today’s complex payment architecture, and why, despite the rise of fintech and digital innovation, true transformation remains elusive.

Over the past decade, BNPL market has seen exponential growth, projected to rise to US$995 billion in 2026, driven by fintechs like Klarna. This has given rise to a variety of BNPL models, one of which is card-linked BNPL. But what exactly is this model? How does it operate and why is it particularly appealing to banks and PSPs?

The BNPL market has seen significant growth, with 46% of the top 1,000 retailers now offering BNPL options. Among the BNPL models that have emerged, is merchant-funded BNPL. But what is this model exactly? How does it operate, and why is it particularly attractive to merchants and PSPs?

The BNPL market has seen remarkable expansion, with a valuation of USD $25.5 billion in 2022 and projections to reach USD$160.7 billion by 2032. Over the years, various BNPL models have emerged, each tailored to different needs. Among these, the at-purchase off-card BNPL model stands out. But what is this model exactly? How does it operate, and why is it particularly attractive to payment service providers?

The BNPL market has seen explosive growth, with global usage increasing six-fold between 2019 and 2023. As industry players rush to stake their claim in this thriving market, it has become clear that BNPL is far from a one-size-fits-all solution. Various models have emerged, each with its unique characteristics and appeal. One of the most prominent among these is the post-purchase off-card BNPL model. But what exactly is this model? How does it work, and who does what businesses is it suitable for?

The world of BNPL is not one-size-fits-all; it's a rich tapestry of options, each with its own unique set of features and benefits, and FIs and PSPs must carefully consider which model, or combination of models, is right for them to help grow their business.

With the local BNPL market estimated to have reached US$900 million at the end of 2023 and projected to soar to US$1.6 billion by 2028, it's clear that BNPL is more than just a passing trend — it's a fundamental shift in consumer behaviour.