by Ekrem Duman | May 29, 2026 | Digital Payments, Finance, Fintech & Transfers
⚡ TL;DROpen banking payments allow consumers and businesses to pay directly from their bank account through a licensed third-party app, bypassing card networks entirely. In the EU, PSD2 mandates that banks expose payment initiation APIs to licensed Payment Initiation...
by Ekrem Duman | May 29, 2026 | Digital Payments, Finance, Fintech & Transfers
⚡ TL;DRBiometric payments use a physical characteristic — fingerprint, face, palm print, or voice — to authenticate a transaction instead of or alongside a PIN or card. They are deployed in retail (Amazon One palm payment, China’s Alipay face pay), mobile (Apple...
by Ekrem Duman | May 29, 2026 | Digital Payments, Finance, Fintech & Transfers
⚡ TL;DRCross-border digital payments involve transferring money internationally — whether for trade, remittances, or corporate treasury operations. Options range from traditional SWIFT correspondent banking (slow, expensive, reliable) to fintech rails like Wise and...
by Ekrem Duman | May 29, 2026 | Digital Payments, Finance, Fintech & Transfers
⚡ TL;DREmbedded payments allow non-financial platforms — SaaS tools, marketplaces, ride-hailing apps — to offer payment acceptance natively within their product. Instead of redirecting to a bank or PayPal, the payment happens inside the platform experience. Embedded...
by Ekrem Duman | May 29, 2026 | Digital Payments, Finance, Fintech & Transfers
⚡ TL;DRBuy Now Pay Later (BNPL) allows consumers to split a purchase into installments — typically 3–4 interest-free payments over 6 weeks, or longer-term financing at interest. Merchants pay a fee of 2–6% per transaction, higher than card interchange, but benefit...
by Ekrem Duman | May 29, 2026 | Finance, Fintech & Transfers, Payment Infrastructure
⚡ TL;DRISO 20022 is the international standard for financial messaging that is replacing legacy formats like SWIFT MT messages, SEPA XML, and domestic wire formats worldwide. It enables richer, more structured payment data to travel with each transaction, supporting...
