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The current circumstances called for implementing novel solutions in the payments market to accommodate the heightened demand for cashless options, as well as the need for flexibility to combat pandemic-induced uncertainty. But what are these novel solutions? Buy now, pay later Delayed payments are a budget-friendly shopping option, which may expand as COVID-19 threatens income […]
05/11/2020
Just recently, the payments market was struck by surprise, when Wirecard entered insolvency proceedings, as, upon audit, the industry-leading payment processor revealed to have a 1.9 billion dollar gap in its balance sheet. Following the developments concerning the parent company, Financial Conduct Authority (FCA) enforced its subsidiary in the UK to temporarily “cease all regulated activity” and freeze all currently […]
07/07/2020