Thibault de Barsy’s Post

⬇ Today we’ll focus on the #Payments ecosystem in #Cyprus from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/eZCqN7j7 🌐 Originally a cash-based country, the degree of digitalization of payments in Cyprus grew heavily between 2019 and 2022. Some alternative payment methods have emerged in collaboration with major Cypriot banks, with important players such as Apple Pay, Google Pay, Xiaomi Technology Pay and Garmin Pay. Revolut is an important player in the Cypriot market and is a commonly used payment method. Other players include the English solution Settle and the local solution sKash. 📈 Cross-border payment solutions are also present with ECOMMBX as a leader in this field. The company specializes in e-account management, cross-border payments, personal & business cards, acquiring, and multi-currency conversions. 🏦 As of 2024 the Central Bank of Cyprus, CBC, identified five credit institutions as systemic banks429 among which can be found the Bank of Cyprus, Hellenic Bank, Eurobank Cyprus, AstroBank and Alpha Bank Cyprus. The Cypriot banking sector is heavily concentrated with the five largest banks capturing over 90% of the total market share. In 2023, Eurobank Cyprus acquired a 17% stake in Hellenic Bank and as of march 2024 the bank’s parent Eurobank acquired a majority stake in Hellenic Bank. Other players worth mentioning in the Cypriot banking system are cdbbank (The Cyprus Development Bank Public Company Ltd), Société Générale and Ancoria Bank. 📶 In the realm of payment processing, many companies stand out such as payabl., JCC Payment Systems, Nuvei and Unlimit. payabl. is an EU-regulated PSP which specialises in acquiring, issuing, mobile payments and banking services. The company processes Visa and Mastercard but also other payment methods such as PayPal, Apple Pay, Google Pay or Klarna. The Payments Association EU is proud to work with many important players in the Cypriot payments landscape, including payabl. and ECOMMBX. Key Takeways💡: “The payments industry in Cyprus has been continuously evolving in recent years through the rapid introduction of new players and modern technologies such as mobile wallets. The increasing accessibility and adoption of such technologies by the wider population of the island demonstrates..” “The payments landscape in Cyprus is evolving rapidly, driven by EU regulations like PSD2, which promote open banking and innovation. The rise of fintech solutions, including mobile payments and e-wallets, reflects …” Want to read the full “Expert Opinion” from Deloitte professionals George Nathanael and Elsa Abdo on the Cypriot payment landscape? Download the report here: https://lnkd.in/eZCqN7j7

⬇ Today we’ll focus on the #Payments ecosystem in #Cyprus from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/eZCqN7j7 🌐 Originally a cash-based country, the degree of digitalization of payments in Cyprus grew heavily between 2019 and 2022. Some alternative payment methods have emerged in collaboration with major Cypriot banks, with important players such as Apple Pay, Google Pay, Xiaomi Technology Pay and Garmin Pay. Revolut is an important player in the Cypriot market and is a commonly used payment method. Other players include the English solution Settle and the local solution sKash. 📈 Cross-border payment solutions are also present with ECOMMBX as a leader in this field. The company specializes in e-account management, cross-border payments, personal & business cards, acquiring, and multi-currency conversions. 🏦 As of 2024 the Central Bank of Cyprus, CBC, identified five credit institutions as systemic banks429 among which can be found the Bank of Cyprus, Hellenic Bank, Eurobank Cyprus, AstroBank and Alpha Bank Cyprus. The Cypriot banking sector is heavily concentrated with the five largest banks capturing over 90% of the total market share. In 2023, Eurobank Cyprus acquired a 17% stake in Hellenic Bank and as of march 2024 the bank’s parent Eurobank acquired a majority stake in Hellenic Bank. Other players worth mentioning in the Cypriot banking system are cdbbank (The Cyprus Development Bank Public Company Ltd), Société Générale and Ancoria Bank. 📶 In the realm of payment processing, many companies stand out such as payabl., JCC Payment Systems, Nuvei and Unlimit. payabl. is an EU-regulated PSP which specialises in acquiring, issuing, mobile payments and banking services. The company processes Visa and Mastercard but also other payment methods such as PayPal, Apple Pay, Google Pay or Klarna. The Payments Association EU is proud to work with many important players in the Cypriot payments landscape, including payabl. and ECOMMBX. Key Takeways💡: “The payments industry in Cyprus has been continuously evolving in recent years through the rapid introduction of new players and modern technologies such as mobile wallets. The increasing accessibility and adoption of such technologies by the wider population of the island demonstrates..” “The payments landscape in Cyprus is evolving rapidly, driven by EU regulations like PSD2, which promote open banking and innovation. The rise of fintech solutions, including mobile payments and e-wallets, reflects …” Want to read the full “Expert Opinion” from Deloitte professionals George Nathanael and Elsa Abdo on the Cypriot payment landscape? Download the report here: https://lnkd.in/eZCqN7j7

⬇ Today we’ll focus on the #Payments ecosystem in #Cyprus from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/eZCqN7j7 🌐 Originally a cash-based country, the degree of digitalization of payments in Cyprus grew heavily between 2019 and 2022. Some alternative payment methods have emerged in collaboration with major Cypriot banks, with important players such as Apple Pay, Google Pay, Xiaomi Technology Pay and Garmin Pay. Revolut is an important player in the Cypriot market and is a commonly used payment method. Other players include the English solution Settle and the local solution sKash. 📈 Cross-border payment solutions are also present with ECOMMBX as a leader in this field. The company specializes in e-account management, cross-border payments, personal & business cards, acquiring, and multi-currency conversions. 🏦 As of 2024 the Central Bank of Cyprus, CBC, identified five credit institutions as systemic banks429 among which can be found the Bank of Cyprus, Hellenic Bank, Eurobank Cyprus, AstroBank and Alpha Bank Cyprus. The Cypriot banking sector is heavily concentrated with the five largest banks capturing over 90% of the total market share. In 2023, Eurobank Cyprus acquired a 17% stake in Hellenic Bank and as of march 2024 the bank’s parent Eurobank acquired a majority stake in Hellenic Bank. Other players worth mentioning in the Cypriot banking system are cdbbank (The Cyprus Development Bank Public Company Ltd), Société Générale and Ancoria Bank. 📶 In the realm of payment processing, many companies stand out such as payabl., JCC Payment Systems, Nuvei and Unlimit. payabl. is an EU-regulated PSP which specialises in acquiring, issuing, mobile payments and banking services. The company processes Visa and Mastercard but also other payment methods such as PayPal, Apple Pay, Google Pay or Klarna. The Payments Association EU is proud to work with many important players in the Cypriot payments landscape, including payabl. and ECOMMBX. Key Takeways💡: “The payments industry in Cyprus has been continuously evolving in recent years through the rapid introduction of new players and modern technologies such as mobile wallets. The increasing accessibility and adoption of such technologies by the wider population of the island demonstrates..” “The payments landscape in Cyprus is evolving rapidly, driven by EU regulations like PSD2, which promote open banking and innovation. The rise of fintech solutions, including mobile payments and e-wallets, reflects …” Want to read the full “Expert Opinion” from Deloitte professionals George Nathanael and Elsa Abdo on the Cypriot payment landscape? Download the report here: https://lnkd.in/eZCqN7j7

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain 

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain 

⬇️ Today, let’s talk about the #Payments ecosystem in #Spain from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳  STMP (Sistema de Tarjetas y Medios de Pago) is the core payment system in Spain which resulted from the merger of Servired, 4B and Euro6000. STMP oversees the Spanish card payments ecosystem ensuring the correct flow of transactions. Majors schemes include Visa, Mastercard and American Express.   🌐 Similarly to other European countries, Spain has multiple alternative payment methods. International e-wallet providers such as PayPal, Apple Pay, Samsung Pay, and Google Pay are present in the market. Private banking reports state that Apple Pay is the leading entity among mobile wallets with over three-quarters of the market by volume. Worth noting that the most popular local payment solution is the mobile payment solution Bizum. Aside from those well-known players many BNPL and cross-border payment solutions can be found such as Klarna, Oney and Scalapay, SeQura Aplazame, Ria Money Transfer, Small World Financial Services, and Monty Global Payments S.A.U.   🏦 The Spanish banking sector is quite concentrated with the four largest banks capturing over 70% of the market. There are 189 Credit institutions out of which 74 EEA branches and 4 non-EEA branches. The three largest banks of the country are Santander, CaixaBank, and Banco Bilbao Vizcaya Argentaria (BBVA). Other banks can be found in the Spanish market such as Banco Sabadell, which recently partnered with the ATM network NCR Atleos to increase access to cash in the market. Some other players are Bankinter, ABANCA. In the Neobank segment, notable names include EVO Banco, Openbank, Revolut, N26 and bunq. 📶 In Spain, there are many different companies offering payment processing and gateway services. Some of the most popular solutions are the ones offered by commercial banks. Launched by Santander Group, PagoNxt (a Santander company) is a global payments platform that brings together all its payment solutions under one umbrella. Comercia Global Payments is the result of a joint venture between CaixaBank and Global Payments Inc. and recently acquired UniversalPay, the EVO Payments, Inc. solution. Redsys España is also one of the largest payment service providers in the Spanish market. Other PSPs include Cecabank, Minsait, Nexi Group, MONEI, PaynoPain, CommerceGate, PAYMATICO, Sipay, PayRetailers, SumUp, and WPS. Key Takeaway💡 : “Spain remains a country with a high degree of innovation and where the payment industry thrives. This year the players in the Spanish payments’ ecosystem have mostly developed solutions on the A2A and instant payments fields. Furthermore, the country is playing an active role in the development of the digital euro with multiple banks deploying pilots for the development of the currency.” Carolina B. | Senior Manager – Monitor Deloitte Spain

⬇ Today we’ll talk about the #Payments ecosystem in #Malta from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/du8U6GfV 🌟Expert opinion from Deloitte professional Cheryl Grech: “Malta’s payment ecosystem is diverse and includes a range of payment providers, from traditional banks to fintech startups. The country has made efforts to promote innovation in the sector, with initiatives such as the Malta Digital Innovation Authority. However, there are still some challenges being addressed, such as ensuring regulatory compliance and improving access to payment services for all segments of the population. Overall, Malta’s payment ecosystem has potential for growth and development.” 💳 Malta, traditionally a cash-centric country, is seeing a dynamic shift with card payments and digital wallets increasing in popularity. Even though cash remains predominant at POS, card payments, led by Visa and Mastercard, are gaining ground, particularly in the online payment space. Cards, including digital wallets, are widely used, though some merchants still expect a minimum card expenditure ranging from EUR 5 to EUR 10 to accept this payment method. 🌐 Major players in the e-wallet industry are PayPal, Apple Pay and Revolut. Other companies include MiFinity, Zastrpay AstroPay, Plix (or EMP Systems Limited), Finance Incorporated Limited (with iPayMix) and Nium. Worth noting that some players are exclusively focused on the corporate market: FinXP, Andaria and Fyorin. 🏦 Malta’s banking sector has evolved from a diversified landscape of domestic and foreign-controlled banks. The Central Bank of Malta identifies APS Bank, Bank of Valletta plc (BOV), BNF Bank p.l.c., HSBC, Lombard Bank Malta plc, and MeDirect Malta Bank as Malta’s ‘core domestic banks. Despite the presence of multiple banks, the industry is heavily concentrated, with the two largest banks, Bank of Valletta plc and HSBC, holding 65% of the industry’s assets. Notable institutions include FIMBank plc, Sparkasse Bank Malta plc, FCM Bank Limited, Novum Bank Group and Izola Bank plc Bank, among others. 📶 On the processing front, Malta has become a hotspot for PSPs. EPG Financial Services Ltd, RS2 , Global Payments Inc., Trust Payments, Maxpay , Truevo and dLocal are major players in this field. RS2 is a global payments processor and technology provider, empowering some of the world’s leading banks, financial institutions, ISOs, ISVs, PayFacs, fintechs and merchants to deliver digital payment excellence, simplicity and control, across the entire payments value chain. Download the full report here: https://lnkd.in/du8U6GfV

⬇ Today we’ll talk about the #Payments ecosystem in #Malta from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 🌟Expert opinion from Deloitte professional Cheryl Grech: “Malta’s payment ecosystem is diverse and includes a range of payment providers, from traditional banks to fintech startups. The country has made efforts to promote innovation in the sector, with initiatives such as the Malta Digital Innovation Authority. However, there are still some challenges being addressed, such as ensuring regulatory compliance and improving access to payment services for all segments of the population. Overall, Malta’s payment ecosystem has potential for growth and development.” 💳 Malta, traditionally a cash-centric country, is seeing a dynamic shift with card payments and digital wallets increasing in popularity. Even though cash remains predominant at POS, card payments, led by Visa and Mastercard, are gaining ground, particularly in the online payment space. Cards, including digital wallets, are widely used, though some merchants still expect a minimum card expenditure ranging from EUR 5 to EUR 10 to accept this payment method. 🌐 Major players in the e-wallet industry are PayPal, Apple Pay and Revolut. Other companies include MiFinity, Zastrpay AstroPay, Plix (or EMP Systems Limited), Finance Incorporated Limited (with iPayMix) and Nium. Worth noting that some players are exclusively focused on the corporate market: FinXP, Andaria and Fyorin. 🏦 Malta’s banking sector has evolved from a diversified landscape of domestic and foreign-controlled banks. The Central Bank of Malta identifies APS Bank, Bank of Valletta plc (BOV), BNF Bank p.l.c., HSBC, Lombard Bank Malta plc, and MeDirect Malta Bank as Malta’s ‘core domestic banks. Despite the presence of multiple banks, the industry is heavily concentrated, with the two largest banks, Bank of Valletta plc and HSBC, holding 65% of the industry’s assets. Notable institutions include FIMBank plc, Sparkasse Bank Malta plc, FCM Bank Limited, Novum Bank Group and Izola Bank plc Bank, among others. 📶 On the processing front, Malta has become a hotspot for PSPs. Shift4, EPG Financial Services Ltd, RS2 , Global Payments Inc., Trust Payments, Maxpay , Truevo and dLocal are major players in this field. RS2 is a global payments processor and technology provider, empowering some of the world’s leading banks, financial institutions, ISOs, ISVs, PayFacs, fintechs and merchants to deliver digital payment excellence, simplicity and control, across the entire payments value chain. Download the full report here: https://lnkd.in/dVYy5rTP

Read the below 👇 white paper if you want to learn more about the payment sector in Malta. Great work The Payments Association EU and Deloitte 👏 Reach out for more information!

⬇ Today we’ll talk about the #Payments ecosystem in #Malta from our white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/du8U6GfV 🌟Expert opinion from Deloitte professional Cheryl Grech: “Malta’s payment ecosystem is diverse and includes a range of payment providers, from traditional banks to fintech startups. The country has made efforts to promote innovation in the sector, with initiatives such as the Malta Digital Innovation Authority. However, there are still some challenges being addressed, such as ensuring regulatory compliance and improving access to payment services for all segments of the population. Overall, Malta’s payment ecosystem has potential for growth and development.” 💳 Malta, traditionally a cash-centric country, is seeing a dynamic shift with card payments and digital wallets increasing in popularity. Even though cash remains predominant at POS, card payments, led by Visa and Mastercard, are gaining ground, particularly in the online payment space. Cards, including digital wallets, are widely used, though some merchants still expect a minimum card expenditure ranging from EUR 5 to EUR 10 to accept this payment method. 🌐 Major players in the e-wallet industry are PayPal, Apple Pay and Revolut. Other companies include MiFinity, Zastrpay AstroPay, Plix (or EMP Systems Limited), Finance Incorporated Limited (with iPayMix) and Nium. Worth noting that some players are exclusively focused on the corporate market: FinXP, Andaria and Fyorin. 🏦 Malta’s banking sector has evolved from a diversified landscape of domestic and foreign-controlled banks. The Central Bank of Malta identifies APS Bank, Bank of Valletta plc (BOV), BNF Bank p.l.c., HSBC, Lombard Bank Malta plc, and MeDirect Malta Bank as Malta’s ‘core domestic banks. Despite the presence of multiple banks, the industry is heavily concentrated, with the two largest banks, Bank of Valletta plc and HSBC, holding 65% of the industry’s assets. Notable institutions include FIMBank plc, Sparkasse Bank Malta plc, FCM Bank Limited, Novum Bank Group and Izola Bank plc Bank, among others. 📶 On the processing front, Malta has become a hotspot for PSPs. Shift4 , EPG Financial Services Ltd, RS2 , Global Payments Inc., Trust Payments, Maxpay , Truevo and dLocal are major players in this field. RS2 is a global payments processor and technology provider, empowering some of the world’s leading banks, financial institutions, ISOs, ISVs, PayFacs, fintechs and merchants to deliver digital payment excellence, simplicity and control, across the entire payments value chain. Download the full report here: https://lnkd.in/du8U6GfV