Thomas 🚀 Pinter

EPI launches Wero wallet in Germany The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months. German Sparkassen and Volksbanken, Raiffeisenbanken customers can now make instant money transfers from account to account between individuals, via their banking app. Deutsche Bank will launch wero later this year, starting with Postbank. Wero enables mobile payments from one phone to another. Unlike traditional transfers, Wero users do not need the recipient's 22-digit account number (IBAN). Instead, a mobile phone number or email address can be used for real-time money transfers. Next year, Wero will get the ability to pay any small professional from the wallet, and also pay merchants online and upon invoices via QR code. This includes the ability for consumers to manage recurring payments for subscriptions or installments, but also to pay in merchant apps at point of sale without going through the cashier. In-store payments at the cash register will also be added in 2026, along with other capabilities, such as BNPL, merchant loyalty, programme integration and expense sharing. https://lnkd.in/ev3nH8_Z

2

⬇️ Today we’ll talk about the #Payments ecosystem in #Germany from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Dominating the market, the local girocard system remains the most widely used payment method, with approximately 7.5 billion transactions in 2023 and accounted for up to 88% of debit card payments. Other key players include Visa and Mastercard. 📱 Despite a strong preference for cash, Germany's shift towards digital and cashless payments is accelerating. Leading mobile payment methods like Google Wallet, Apple Pay, Amazon Pay, and PayPal are increasingly popular in e-commerce. Newly launched in 2022, Digital giropay aims to rival these major platforms, alongside other mobile payment options such as PAYBACK, Barclays bPay, and BitPay. 🏦 The German banking sector is diverse and comprises three main groups : commercial banks, savings banks, and cooperative banks. The three largest bank, Deutsche Bank, DZ BANK AG, and Commerzbank AG, alongside a strong network of savings and cooperative banks, issue most of the debit cards. 📶 Computop - the payment people, PAYONE, Nexi Germany, Unzer, Verifone and VR Payment GmbH are major players that lead in payment processing, offering a range of omnichannel solutions. The top five players in the German Banking-as-Service market are Deutsche Bank, Commerzbank AG, KfW Bankgruppe, DZ BANK AG, and HypoVereinsbank - UniCredit - Deutschland. Besides them, there are players such as Raisin Bank AG, Solaris SE, Fidor Bank AG, and many others. The Payments Association EU is proud to work with many important players in the German payments landscape, including StoneX Group Inc., Giesecke+Devrient, 1-CP, epay, a Euronet Company, NG-Consulting Europe and RS2 . Key Takeaway💡: “Germany’s payment landscape is distinguished by a strong preference for the Girocard, which recorded approximately 7.5 billion transactions in 2023, alongside a robust shift toward cashless payments as evidenced by ..” Want to read the full “Expert Opinion” from Deloitte professional Daniel Scheuermann on the German payment landscape? Download the report here: https://lnkd.in/dVYy5rTP

38

5 Kommentare

#Fintech news: Intergiro Launches No-Code White-Label Platform for Custom Mobile Banking Apps 📱 🇸🇪 Swedish Banking-as-a-Service (#BaaS) provider Intergiro has just unveiled its no-code white-label platform, designed to help businesses launch fully branded mobile banking apps in days without technical expertise. 💳 By uploading brand assets, configuring pricing, and following a few easy steps, businesses can quickly launch apps on both the App Store and Google Play. Once live, users can instantly create accounts, fund them via Visa, Mastercard, or SEPA, and tokenize their cards for Apple Pay and Google Pay integration. Key features include: 🔸 Instant IBAN creation for users 🔸 Loyalty program integration 🔸 Real-time customer insights with Data as a Service (DaaS) 🔸 Backoffice for streamlined support and operations 📈 With early adopters already seeing new revenue streams and increased engagement, Intergiro’s platform is transforming digital banking for fintechs, startups, and SMEs. 👨‍💻 Adam Sadler, CCO, shared, "Instead of spending 6-12 months developing a solution, you can validate your proposition in weeks at a fraction of the cost." 💡 What do you think about the potential of no-code platforms to revolutionize digital banking? #DigitalBanking #DataAsAService #EmbeddedFinance

27

1 Kommentar

SWIAT and adesso SE are cooperating for SWIAT Access - quick and easy access for financial entities to SWIAT without requiring IT resources 💪 From experience, many entities believe in blockchain-based benefits for their use cases on SWIAT like digital bonds, tokenization or DvP with central bank money or commercial bank money. However, setting the infrastructure up is often effort that is difficult to get budget and approval for. Hence, we have developed the solution: SWIAT Access Together with our strong partner adesso, SWIAT provides you the full technology stack so that no IT-efforts are required for getting access to the new, regulatory-compliant, digital, blockchain-based financial industry ecosystem. The video (in German) was recorded on adesso's Forum for Banks in Germany. Sven Loeckel, Ivica Aračić, Nashwan Abou Zidan #digitalassets #blockchain #DvP #SWIAT

159

6 Kommentare

👛 Secure wallets for online and offline payments 💸 How do secure CBDC wallets work? I will explain at the 2024 webinar series of the Java Card Forum. I will do two runs of the talk on 📅 Monday 9th December, once in the morning (🕘 9am–10am CET) and once in the evening (🕔 5pm–6pm CET). Bring all your questions! Register here: Morning session 👉 https://lnkd.in/dNU_4TB3 Evening session 👉 https://lnkd.in/dnW6b2Px What can you expect? Many central banks – including the European Central Bank – have started investigating or piloting digital currencies (CBDC) to introduce yet another way to pay electronically. The wish list for CBDC is long: it should support online & offline payments, work as usual at the point of sale, be accessible to users without bank accounts, … At the centre of these design discussions are wallets, powered by secure hardware. In this talk, I give an overview over the current CBDC ecosystem, explain some novel techniques that could help to implement wallets at scale, and give a perspective regarding standardisation.

52

LGT Private Banking will implement Finastra’s payment hub using a MODEL BANK implementation approach, to ACCELERATE its readiness to meet the EU instant payments regulatory timeline 🚀 🏦 📈 By uncoupling payment processing from its core banking platform and implementing Finastra’s FUTURE-PROFF solution, LGT will ALSO now be able to meet the anticipated growth in instant payment volumes while providing the required 24/7 service availability. 👨‍⚖️ 💸 Once implemented, the bank can EASILY adopt other regulatory schemes, such as #SIC5IP in Switzerland, and embrace ongoing modernization, innovation AND growth. 👨‍💻 “Many institutions need to urgently assess whether their current payment processing environment can support the expected increase in volumes and the need to operate 24/7,” said Neil Macro, Vice President, Managing Director – EMEA mid-markets, Payments at Finastra. “This has been a huge priority for us at Finastra; ensuring that banks are fit for the future with our sophisticated payment hubs, including with the option to pay as you grow. Underpinned by open architecture, APIs and our partner ecosystem, our solutions enable banks like LGT to innovate at speed, boost risk management and deliver enhanced services to end-users. For example, the bank can seamlessly implement new functionality to strengthen its instant payments offering, such as Verification of Payee and real-time sanctions screening. We look forward to supporting LGT on further developing its payments services.” Read more on the link below! 👇 Bernhard Strauch #finastra #digitalpayments #instantpayments #regulatorycompliance #payments #privatebanking #fintech #fintechnews

2

What does PSD3 mean for cross-border payments? An excellent deep-dive report by FXC Intelligence's Joe Baker on this critical topic for the sector: The report will get you up to speed fast on the topic and covers: - What is PSD3 and its benefits - PSD3’s impact on open banking - How this may level the playing field between banks and non-banks - What have been the main EU payments initiatives to date - What the European cross-border payments landscape looks like - What are cross-border payments companies doing to prepare for PSD3 #fxcintelligence #payments #fintech #financialservices #regulation #banking #openbanking https://lnkd.in/edXUtYpf

65

1 Kommentar

Until November the ECB-Trials are running, allowing financial institutions to explore 3 different options for blockchain-connectable wholesale payment solutions. But what should be the next? 💶 Wholesale payment for scaling digital assets 📈 Yesterday in the ECB NTW Contact Group I highlighted the need for a central bank money payment solution for scaling digital assets. To allow a strong European DLT-ecosystem, the market requires a payment solution that is offered beyond November - not excluding to incrementally improve the then offered option in the future, #agility is the way to go! 🌟 Furthermore, it will be exciting to see, which kind of use cases will be revealed at the end of the trials. The ECB shared that use cases are spanning from securities related use cases (issuance, secondary market, lifecycle management and repo) to PvP-cases and automated reconciliations! 🔬 #digitaleuro #digitalassets #blockchain SWIAT DekaBank Deutsche Girozentrale LBBW SC Ventures by Standard Chartered

80

4 Kommentare

The next big thing in Payments. Must read

27

1 Kommentar

With SEPA Instant Payment legislation coming into effect January 2025; at Facctum we're building the technology required for a smooth transition.

9

Sad Math gets sadder! #Interchange will be dropping at Adyen merchants. They just announced they have built out intelligent routing for debit cards. This is the same capability the large merchants (Walmart, Target, etc.) have had for quite a while for card-present transactions. This will now enable smaller merchants and, more importantly, card-not-present transactions to be routed more across the legacy PIN networks. This is a result of the clarification of Durbin, which, as of July 2023, now requires secondary networks for card-not-present Transactions. So What? Issuers will likely see 💳 Lower interchange (Likely Half) 💳 Higher Fraud (Likely Double) 💳 Impact on Brand Agreement Incentives Brandi Gregory Lindsay Hooks Jessica Pinkston Kevin Von Holten

82

30 Kommentare

Europe's Largest Merchant Acquirers by Revenue👇 The Key Takeways: Worldline's stock has plummeted -90% while Nexi Group's fell -70% - yet these titans still command annual revenues of €3.3B and €1.9B. US 🆚 Europe ► North America: $11 Trillions ► Europe: $4.2 Trillions (EMEA) A stark contrast: credit cards yield 49% of American revenues 🆚 9% in Europe. European Annual Revenue: ► Worldline: €3.0B ► Nexi Group: €1.9B ► Worldpay: €1.4B ► Adyen: €0.9B Thanks for bringing this to my attention in your update earlier Faysal OUDMINE (follow him for more great updates👌): https://lnkd.in/dp7PwiU6 Source picture & stats: Jevgenijs Kazanins 👌- https://lnkd.in/d75S9Kkg Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

407

15 Kommentare

The launch of Wero has been announced, a mobile-first digital wallet and instant account-to-account payment solution in Germany, brought to you by the European Payments Initiative (EPI). 🌍💳 Starting now, German Sparkassen and Volksbanken customers can make instant P2P transactions using just a phone number, QR code, or email address. Wero aims to revolutionize payments across Europe, offering seamless, secure, and instant money transfers. 🚀 Key Highlights: Instant Payments: Send and receive money instantly using only contact details. Secure and Seamless: Enhanced security features ensure safe transactions. European Expansion: Launching soon in Belgium, France, and other regions. Why is this important? Wero is the choice from the European Union to advance with its plans on deploying an instant and interoperable payment solution to be used across the region. However, (we latinos always like to do things our way) and Spain, Portugal and Italy have joined forces to make theis ( Bizum, Mbway and Bancomat) interoperable. Who will win the race? The north with Wero? Or the Latins? It is going to be an interesting battle, but in the end interoperability is a common interest for all, regardless of its final name choice . Article in comments. #Fintech #DigitalPayments #Innovation #EPI #Wero

44

4 Kommentare

⬇️ Today we’ll talk about the #Payments ecosystem in #Germany from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Dominating the market, the local girocard system remains the most widely used payment method, with approximately 7.5 billion transactions in 2023 and accounted for up to 88% of debit card payments. Other key players include Visa and Mastercard. 📱 Despite a strong preference for cash, Germany's shift towards digital and cashless payments is accelerating. Leading mobile payment methods like Google Wallet, Apple Pay, Amazon Pay, and PayPal are increasingly popular in e-commerce. Newly launched in 2022, Digital giropay aims to rival these major platforms, alongside other mobile payment options such as PAYBACK, Barclays bPay, and BitPay. 🏦 The German banking sector is diverse and comprises three main groups : commercial banks, savings banks, and cooperative banks. The three largest bank, Deutsche Bank, DZ BANK AG, and Commerzbank AG, alongside a strong network of savings and cooperative banks, issue most of the debit cards. 📶 Computop - the payment people, PAYONE, Nexi Germany, Unzer, Verifone and VR Payment GmbH are major players that lead in payment processing, offering a range of omnichannel solutions. The top five players in the German Banking-as-Service market are Deutsche Bank, Commerzbank AG, KfW Bankgruppe, DZ BANK AG, and HypoVereinsbank - UniCredit - Deutschland. Besides them, there are players such as Raisin Bank AG, Solaris SE, Fidor Bank AG, and many others. The Payments Association EU is proud to work with many important players in the German payments landscape, including StoneX Group Inc., Giesecke+Devrient, 1-CP, epay, a Euronet Company, NG-Consulting Europe and RS2 . Key Takeaway💡: “Germany’s payment landscape is distinguished by a strong preference for the Girocard, which recorded approximately 7.5 billion transactions in 2023, alongside a robust shift toward cashless payments as evidenced by ..” Want to read the full “Expert Opinion” from Deloitte professional Daniel Scheuermann on the German payment landscape? Download the report here: https://lnkd.in/dVYy5rTP

21

Last week, as part of the ECB Trials, DekaBank Deutsche Girozentrale and Bankhaus Metzler successfully settled a bond transaction using central bank money. Deka was the issuer and registrar (eWpG), while Metzler was investor. The crypto security was delivered via the SWIAT platform, while the corresponding payment was made in central bank money, effectively achieving a Delivery-vs-Payment (DvP) across two separate ledgers. This sequence diagram outlines the general process flow when both sides have the corresponding automation components installed. In the first three steps, the issuer and the investor agree in SWIAT on what needs to be settled (U2A* steps). Following this, automation takes over to execute the delivery (A2A** steps). Each participant will have an automation component installed, known as the Bundesbank Trigger Chain Synchronizer. This component is capable of settling the DvP transaction between SWIAT and the Bundesbank Trigger Chain by utilizing the HTLC (Hashed TimeLock Contract) protocol. The nice things about the HTLC protocol is that it does not require a trusted third party to act as a transaction coordinator, allowing for greater flexibility in transactions between counterparties. The counterparties themselves can execute the DvP, with the complexity of the protocol being encapsulated in the automation component. U2A* = User-to-API via a WebApp A2A** = API-To-API automation #blockchain #dvp #cbdc #payments 

71

10 Kommentare

Great insight from #FIS Kevin Flood - are you and your firm ready for the mandatory change in the payments landscape? Do you need assistance with your technology to support the impacts of moving to real-time? Consider; fraud, payments, real-time core, reconciliation - FIS are supporting clients with the change. Get in touch. #sepa #payments #instantpayments

20

Digital Banking Europe: N26 hits profitability 🌟 - Reporting a net operating income of €2.8 million for Q3 2024, marking its first profitable quarter since its launch in 2013.💡 #Fintech #Milestone #Profitability #N26 #DigitalBanking

12

1 Kommentar

#Fintech M&A news: 5 Major Acquisitions in Europe this July 🚀 1️⃣ Ant International Acquires MultiSafepay: Ant International has integrated Amsterdam-based MultiSafepay into its Antom division, enhancing payment solutions and digital services for SMEs in Europe. MultiSafepay now offers omnichannel payment services with over 40 international payment methods. 💳 2️⃣ NatWest Acquires Metro Bank (UK)’s Mortgage Portfolio: NatWest Group has agreed to acquire a £2.5 billion portfolio of prime UK residential mortgages from Metro Bank, welcoming around 10,000 new customer accounts. 🏡 3️⃣ ThetaRay Acquires screena (acquired by ThetaRay): ThetaRay has strengthened its AI-driven financial crime detection capabilities by acquiring European screening company Screena. This move enhances ThetaRay's product suite with advanced cloud-based screening solutions. 🕵️‍♂️ 4️⃣ UniCredit Acquires Vodeno and Aion Bank: UniCredit has signed a €370 million agreement to acquire Vodeno and Aion Bank, aiming to provide end-to-end #BaaS across Europe. This acquisition enables embedding financial solutions into various customer journeys. 🏦 5️⃣ Wolters Kluwer Acquires Isabel Group's Accountancy Portfolio: Wolters Kluwer Tax & Accounting (TAA) is set to acquire the accountancy portfolio of Belgian fintech Isabel Group for €325 million. This acquisition will bolster Wolters Kluwer’s tax and accounting solutions across Europe. 📊 These strategic moves highlight the continued innovation and expansion in the financial sector, what are your thoughts on their impact on the fintech landscape? #Payments #FinancialServices #DigitalTransformation #Banking

1