Dr. Devid Jegerson’s Post

🇮🇹 The embedded finance market is taking off in Italy, thanks to a significant growth in the diffusion of services typically associated with traditional banks or credit institutions - so what does 2024 hold? Federico Roesler Franz, the General Manager of Solaris Italy, wrote an article for PagamentiDigitali - Digital360 exploring what 2024 has in store for the Italian embedded finance market: “Looking to 2024, the embedded finance market will continue to develop thanks to a combination of some factors: innovation, technological maturity, the variety of regulations that have governed the sector and consolidated consumer habits.” - Federico Roesler Franz 📰 Want to discover more about Italians’ payments preferences, read the full article (in Italian) now: https://lnkd.in/eFDqkaAw #embeddedfinance #intergratedfinance #fintech #2024predictions #payments #italy #italian 

I love this kind of move, practical, down to business logic and serving consumer needs. I am still struggling to understand why our big French organisations with so many talents, efficient systems serving one of the biggest consumer base,if not the largest in term of electronic payment users, can't foster such agreement with other national entities. I am sure it will be a much more efficient way to create a Europe wide system, moving quickly with those who want to move. Nice point also it is much less disruptive for the consumers that will not have to change their routine for domestic transactions that will remain the vast majority of transactions. Then when there are enough players around the table you can move to a unique brand.

Programa Especial FATV: “El Toolbox de Adaptación de FATV: Los How To´s esenciales para la banca” Check out my HOW TO Dominar los pagos digitales para moldear la banca del futuro digital certificate/badge issued by Fintech Americas via Sertifier! #sertifier #digitalbadge #digitalcertificate #digitalcredentials #realtimepayments #mobilebanking #digitalpayments #banca #fintech #Venezuela #artificialintelligence #Innovation #Future

We are very proud to share our partnership with Banco Industrial Guatemala on the integration of Mastercard's Cross-Border Services platform within their electronic channels during the 57th Annual Assembly of the Latin American Federation of Banks (FEDERACIÓN LATINOAMERICANA DE BANCOS - FELABAN) This integration will allow faster, more transparent cross-border transfers at a better cost for the bank's clients. #crossborder #realtimepayments #internationalpayments

We’re on the rise in Spain! 🇪🇸🚀 An independent study shows Revolut has now overcome two of the main incumbent banks in the country and is second in terms of new accounts created, only behind BBVA. As a bank in Spain, Revolut Bank UAB (Sucursal en España) is now leading the digital banking category in the market, and this same study shows a clear tendency in the Spanish market: consumers are now turning towards digital banks, which offer less fees. With spectacular growth, Revolut has developed into a big player in the Spanish market. In 2023, 12% of new Spanish accounts were opened with the financial super app, compared to under 1% just 3 years prior. This shows how Revolut is becoming the go-to option for Spaniards looking for a reliable, easier way to manage their finances. https://lnkd.in/en_phkzK

🎤 Recently Federico Roesler Franz , Managing Director of Solaris Italia, had the pleasure of attending ABIEventi’s Payments Fair 2023 where he caught up with Affaritaliani.it about the embedded finance market in Italy. “In the field of embedded finance we have seen growth. In fact, a recent survey showed that more than one Italian in two uses embedded finance products. The market by the end of the year is estimated at around 4 billions (Italian market) and we expect growth in the coming years too”. - Federico Roesler Franz 📹 Watch Federico’s full interview (in Italian) with Affaritaliani.it here: https://lnkd.in/e8D-nmXy #embeddedfinance #italy #banking #fintech #growth #opportunity 

Can a Global FASTER PAYMENTS HUB solve the CROSS-BORDER-PAYMENTS CONNUNDRUM? In the dynamic world of global finance, a revolutionary proposal stands poised to transform the landscape of international transactions. Imagine a HUB-LIKE PLATFORM enabling a world where consumers can make INSTANT CROSS-BORDER PAYMENTS seamlessly, connecting faster payment infrastructures across nations. This is not a distant dream but a potential reality. The cornerstone of this innovative proposal is the creation of a GLOBAL FASTER PAYMENTS HUB. This hub will interconnect domestic financial infrastructures based on Faster Payments Platforms already operational in participating countries. This is my proposal… To counter the current macro trend of successful domestic Faster Payments Infraestructures going global by themselves. That’s the case for #UPI and, most recently #PIX. Both regulators and their respective governments have launched a efforts to internationalize their flagships platforms. The value proposition is immense, especially for consumers and businesses worldwide, who will benefit from the ability to execute instant cross-border payments among participating countries' infrastructures. This initiative promises to enhance financial inclusion and economic development, fostering a more interconnected and efficient global economy. India's government and the Reserve Bank of India (RBI) has already taken significant strides in this direction with the Unified Payments Interface (UPI). UPI's successful implementation in India and its recent international expansion are testaments to its robust and versatile nature. The system's global journey began with its implementation in Singapore and France and is now set to expand to North America and the Middle East, regions with substantial Indian diaspora. Moreover, Nepal has become the first foreign country to adopt UPI, with various payment options now operational. Notable implementations include UPI's expansion to Bhopal and Bangladesh, demonstrating the system's scalability and adaptability to different economic environments. Similarly, Brazil's PIX, the domestic Faster Payments Infrastructure, is on a parallel path towards internationalization. The Banco Central do Brasil 's initiative has seen widespread adoption, with over 140 million individuals and 13 million firms using PIX within two and a half years of its launch. Italy is currently considering a bilateral agreement with Brazil to implement PIX, highlighting the system's potential for international collaboration. I am excited to witness and contribute to this transformative journey in global finance. https://lnkd.in/efrYa2FW

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India’s UPI and Brazil’s Pix are the world’s leading instant payment platforms. People often compare UPI and Pix, amazed by their similarities. But there’s more to them than what meets the eye. India and Brazil are two of the world's largest and fastest-growing economies. Both countries share notable similarities: they are among the most populous nations and have a substantial young and technologically adept population. Additionally, both India and Brazil have historically faced high levels of financial exclusion, with significant portions of their populations lacking access to formal banking services. This has driven the need for innovative financial solutions like UPI and Pix. Launched in 2016 by the National Payments Corporation Of India (NPCI), a not-for-profit company regulated by the Reserve Bank of India (RBI), UPI has been a phenomenal success. In 2022, it processed over 59 billion transactions worth $900 billion, dominating 80% of digital payments in India. Similarly, Pix has become a significant part of people’s lives since its launch in 2020 by the Central Bank of Brazil (Banco Central do Brasil, BCB). In 2022, Pix handled over 10.7 billion transactions worth $500 billion, capturing over 90% of digital payments in the country. While UPI and Pix share many similarities, such as interoperability, cash withdrawals, BNPL, and NFC, the differences between them are worth exploring. Carlos Eduardo Brandt Shailendra Trivedi Mahesh Bajaj Siddharth Rungta Parag Rao Hemant Verma Rishikesha Krishnan Vadivelan Sivanantham Noopur Chaturvedi Dilip Asbe Praveena Rai Viswanath Krishnamurthy Vishal Anand Kanvaty Kunal Kalawatia Rajeeth Pillai Sateesh Palagiri UPI Chalega Luis Gustavo Mansur Siqueira Gabriel Muricca Galípolo Ankur Joshi Raghavendra Prasad Tanpreet Singh Sehgal Divya Chakravarthy Aditya Kshirsagar Radha Sawana Siddharth Goyal Pranay Dhone Vikas Chitlangya Amar Prakash Mounica Jami Ankita Tripathi #UPI #Pix #NPCI #Nuclei #Cookie

Check out my HOW TO Dominar los pagos digitales para moldear la banca del futuro digital certificate/badge issued by Fintech Americas via Sertifier! #sertifier #digitalbadge #digitalcertificate #digitalcredentials #realtimepayments #mobilebanking #digitalpayments