The reasons for banks to not embrace faster payments schemes are quickly dwindling. But many are still watching from the sidelines. Various government initiatives in regions such as Australia, Hong Kong and the U.K. have acted as catalysts for creating faster payments rails. Similarly, policies like the EU’s PSD2 incorporate open banking and provide third-party developers equal footing in developing financial technology. Read the full story on PaymentsSource.
Global payments company, Visa, recently joined hands with four global finance firms to help fintechs in over a dozen Asia Pacific markets launch digital payment solutions. Moneycontrol.com
Visa has added Episode Six as a fintech partner in the card brand’s Fast Track Program in Asia Pacific. PaymentsSource
Visa is collaborating with four global finance firms to help FinTechs issue plastic and digital payments. Pymnts.com
Artificial intelligence (AI) is rapidly evolving across various parts of the banking and payments sectors, and digital consumers are reaping the benefits from institutions that apply this technology. Read the full story on PaymentsSource.