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 | Digital Payments, Fintech & Transfers
⚡ TL;DRCard-present and card-not-present (CNP) transactions differ in who carries fraud liability, how authentication works, and what they cost. CNP — online, phone and saved-card payments — carries higher fraud risk and usually higher processing cost, which is why...
