Navigating the payments storm

Navigating the payments storm

Look back at some of the major payments projects in 2016, with Banking Technology’s top ten.

Paytm partners with Wipro for new payments bank
India-based Paytm has teamed with IT services integrator Wipro for its new payments bank.

Allied Irish Banks to modernise payments software with Dovetail
Allied Irish Banks (AIB) is set to modernise its payments platform. The bank concluded a system selection to that effect. The new supplier is Dovetail.

UniCredit to unify global transaction business on one platform
Italian banking heavyweight, UniCredit, is working on standardising its global transaction business (GTB) on one platform, underpinned by D+H’s Global PayPlus (GPP) system.

Alipay partners with major European banks and payment provider
Alipay, one of the world’s largest online and mobile payment platforms, has inked deals with BNP Paribas, Barclays, UniCredit, and SIX Payment Services to drive the European expansion.

European Payments Council launches SEPA Instant Credit Transfer scheme
European payment service providers (PSPs) now have one year to get ready to process the first SCT Inst transactions in November 2017.

31 banks and credit unions in Australia to get Apple Pay
Cuscal, a major payments provider to Australia’s credit unions and banks, has signed a deal with Apple to bring Apple Pay to its customers. The service will be available to nearly four million Australians that bank with 31 entities (which work with Cuscal).

Aditya Birla picks Infosys Finacle core system for new bank
Indian firm Aditya Birla has chosen the Infosys Finacle core banking system for its upcoming joint venture (JV), Aditya Birla Idea Payments Bank.

Nod and pay a virtual reality with Alibaba
Alibaba has revealed a new payment service that lets virtual reality (VR) shoppers pay just by nodding their heads.

Deutsche Bank pledges commitment to GTB and digital
“Transaction banking will undergo a change of character,” states the global banking giant.

Bank of England to overhaul RTGS service, issues consultation paper
On the way out is the bank’s legacy 20-year old platform.