Creating Virtual Shopping Experiences

𝐇𝐨𝐰 𝐀𝐈 𝐦𝐢𝐭𝐢𝐠𝐚𝐭𝐞𝐬 𝐟𝐫𝐚𝐮𝐝 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭-𝐭𝐨-𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 by Visa👇 — 𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 𝐢𝐧 𝐀2𝐀 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: ► Account-to-Account (A2A) payments are rapidly growing, with a forecasted 161% growth between 2024 and 2028. ► The fundamental characteristics of Real-Time Payments (RTP), such as speed, 24/7 availability, irrevocability, and lack of network visibility, contribute to the increasing fraud risks. ► Fraud is evolving with the growth of A2A payments, making it crucial for financial institutions to implement real-time fraud prevention strategies. — 𝐖𝐡𝐲 𝐢𝐬 𝐀𝐈 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐢𝐧 𝐅𝐫𝐚𝐮𝐝 𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧? ► 𝐒𝐩𝐞𝐞𝐝 𝐚𝐧𝐝 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲: AI enables real-time fraud detection and prevention, essential for instant payment transactions that are completed within 10 seconds. ► 𝐏𝐚𝐭𝐭𝐞𝐫𝐧 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧: AI can recognize patterns and detect irregularities, linked to mule accounts or changed geolocation. ► 𝐀𝐝𝐚𝐩𝐭𝐢𝐯𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠: AI models adjust to new fraud trends in real-time, unlike traditional rules-based systems that require post-loss analysis. ► 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐅𝐚𝐥𝐬𝐞 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞𝐬: AI-enhanced systems provide more accurate fraud detection, reducing the need for manual reviews and minimizing false positives. ► 𝐍𝐞𝐭𝐰𝐨𝐫𝐤-𝐋𝐞𝐯𝐞𝐥 𝐕𝐢𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: AI leverages a multi-financial institution (FI) view, enabling a comprehensive view of fraud across payment networks, which is crucial for detecting cross-network fraud schemes. — 𝐑𝐮𝐥𝐞𝐬-𝐁𝐚𝐬𝐞𝐝 vs. 𝐀𝐈-𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐲𝐬𝐭𝐞𝐦𝐬: 𝐑𝐮𝐥𝐞𝐬-𝐁𝐚𝐬𝐞𝐝 𝐒𝐲𝐬𝐭𝐞𝐦: 1️⃣ Transaction Initiated 2️⃣ Massive Volume of Transactions: High volume of transactions are flagged for manual review due to basic rule triggers. 3️⃣ Manual Review: Transactions are manually reviewed, leading to delays and operational inefficiencies. 4️⃣ Transaction Assessed: Risk is evaluated based on pre-set rules. 5️⃣ Transaction Authorized: If no rule is violated, the payment is authorized. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: High false positives, time-consuming manual reviews, and delays in payment processing. 🆚 𝐀𝐈-𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐲𝐬𝐭𝐞𝐦: 1️⃣ Transaction Initiated 2️⃣ Curated Volume of Transactions: AI intelligently filters transactions, reducing the volume that requires review. 3️⃣ AI-Assisted Review: Transactions are reviewed with AI input, providing real-time risk assessment. 4️⃣ Data & Model Assessment: AI evaluates transactions using data patterns and predictive models. 5️⃣ Transaction Authorized: If deemed low-risk, the payment is instantly authorized. 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: Reduced false positives, real-time risk assessment, operational efficiency, and improved customer experience. — Source: Visa — ► Sign up to 𝐓𝐡𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐁𝐫𝐞𝐰𝐬 ☕: https://lnkd.in/g5cDhnjC ► Connecting the dots in payments... and Marcel van Oost

The UK is transforming its payments system with the New Payments Architecture (NPA), a bold initiative designed to simplify and modernize how money moves between banks. But what does this mean for you, whether you’re a business owner, a consumer, or just someone who transfers money to friends? Let’s break it down with real-life scenarios. Imagine the current payment system as multiple roads leading to the same destination—each with its own rules, speed limits, and tolls. Systems like BACS, Faster Payments, and Cheque Clearing operate separately, creating inefficiencies. The NPA brings all these systems together under one highway: a unified platform built on ISO 20022 standards. This means faster, safer, and more flexible transactions for everyone. Here are some examples of how NPA will make life easier: 1. For Businesses: • Scenario: You’re a small business owner paying salaries via BACS. Currently, it takes up to three days for payments to process. • With NPA: Payments will settle in real-time, ensuring your employees get paid instantly. 2. For Consumers: • Scenario: You’re splitting the bill at dinner and transferring money to a friend using Faster Payments. • With NPA: The transaction will be faster and more secure, with enhanced fraud protection. 3. For Banks and Fintechs: • Scenario: A new fintech wants to offer innovative payment services but faces high entry barriers due to outdated systems. • With NPA: Lower barriers will encourage competition and innovation, benefiting consumers with better services. The key benefits include: • Real-Time Payments: Say goodbye to delays; transactions will happen instantly. • Enhanced Security: Improved fraud prevention protects your money. • Better Data Insights: ISO 20022 enables richer data exchange for tracking payments. • Innovation and Competition: New players like fintechs will bring fresh ideas to the market. With increasing digitization, stricter regulations, and rising fraud risks, the old systems can no longer keep up. The NPA ensures resilience and adaptability in an ever-changing financial landscape. Whether you’re paying bills, running a business, or developing fintech solutions, the New Payments Architecture promises faster, safer, and smarter transactions for everyone in the UK.

𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐒𝐌𝐁𝐬: 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐡𝐨𝐰 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐩𝐚𝐲 𝐚𝐧𝐝 𝐠𝐞𝐭 𝐩𝐚𝐢𝐝 via Visa Consulting & Analytics (VCA) 💼 The landscape of payments and banking for small to medium-sized businesses (SMBs) is undergoing a remarkable transformation. The latest insights from Visa Consulting & Analytics reveal the opportunities and challenges in this dynamic environment. 🗝️ Key Insights: ➊ Vast Market Potential ↳ The global B2B commercial payments market represents a $145T opportunity. SMBs are at the forefront, demanding faster, cheaper, and more efficient payment solutions. ➋ Rise of Real-Time Payments ↳ Real-time payments (RTPs) are revolutionizing transactions, with a projected rise to nearly one-third of all electronic payments by 2028. In the US, RTPs already account for nearly half of B2B purchasing spend. ➌ Technological Adoption ↳ SMBs are embracing technologies like QR codes and contactless payments, with innovations like Tap to Phone making transactions simpler and more accessible. ➍ Embedded Finance Boom ↳ Embedded finance is set to triple by 2026, offering SMBs integrated financial services within platforms they already use, streamlining their financial operations. ➎ Card-Based Innovation ↳ Virtual cards are gaining traction, expected to grow fourfold to $13.8T by 2028, driven by enhanced security, user experience, and real-time analytics. ______________ 📈 The demand for integrated, seamless, and efficient payment solutions is on the rise. There’s a significant opportunity to innovate and capture market share by offering tailored solutions that meet the specific needs of SMBs. Leveraging these innovations can enhance payment processes, reduce costs, and improve customer satisfaction. Download the full report to dive deeper into these insights and prepare your business for the future of payments here ➡️: https://lnkd.in/guvX6--6 #fintech #payments #realtimepayments #embeddedfinance #SMBs

The Future of Payments: How CBDCs and FPS are Shaping Global Finance The financial world stands at the cusp of a revolution driven by Central Bank Digital Currencies (CBDCs) and Fast Payment Systems (FPS). While these innovations are often seen as rivals, they hold immense potential as complementary tools to advance financial inclusion, enhance cross-border payments, and future-proof monetary systems. In my latest article, I explore how countries like India, Brazil, China, the USA, and others are leveraging these technologies to transform their payment ecosystems. With India's UPI leading global FPS adoption and the RBI's digital rupee pilot addressing programmability and resilience, we see a unique strategy unfold. Similarly, Brazil’s PIX, China’s e-CNY, and cross-border initiatives in Thailand and Singapore highlight the diverse approaches nations are taking. I also share my perspective on the implications of these innovations in India and globally, particularly how they can reshape digital transactions while ensuring financial stability. The article dives into adoption trends, interoperability challenges, and the strategic roles of CBDCs and FPS in building a robust financial ecosystem. Your thoughts and feedback are always welcome—let’s discuss the future of payments together! Ram Rastogi 🇮🇳Bharat Web3 Association Blockchain And Crypto Assets Council Prasanna Lohar

✨ UPI Payment System UPI is an instant real-time payment system developed by NPCI (National Payments Corporation of India) that facilitates inter-bank transactions using Virtual Payment Address (VPA) and connects banks, apps, and users for seamless transactions. 1️⃣ User Initiates Payment Action: Scans a QR code or enters recipient's VPA (e.g., abc@okici). Device: Uses a UPI app (e.g., PhonePe, Google Pay). Authentication: User verifies identity (PIN, biometrics). 2️⃣ UPI App/PSP (Payment Service Provider) Request App Example: PhonePe acts as a PSP, partnered with YesBank for banking backend. What Happens: PhonePe collects transaction details and prepares to initiate the transfer through YesBank. 3️⃣ Bank-Level Request and Validation Sender’s Bank: YesBank checks the sender's account, ensures sufficient funds, and readiness to debit. 4️⃣ NPCI (Central Switch) Validation Role: NPCI sits at the core and acts as the transaction switch. Functionality:Receives debit request from YesBank. Validates the VPA (ensures it exists and is active). Routes the transaction to the recipient's bank (e.g., ICICI). Manages transaction integrity, timing, and network security. 5️⃣ Receiving Bank Processing Recipient’s Bank: ICICI verifies the VPA belongs to a valid customer. Credit: Credits the specified amount to beneficiary’s account. 6️⃣ Confirmation & Notification Both Parties: Sender and receiver get instant notifications in their respective apps (PhonePe, Google Pay). Status: Transaction successful (or failure reason if declined). ✨ Key Components in the Architecture 1️⃣ Virtual Payment Address (VPA) Unique handle identifying a bank account across UPI. Example: abc@okici Decouples account details from payment experience, enhancing privacy/security. 2️⃣ NPCI (National Payments Corporation of India) Governing body, manages UPI infrastructure and transaction routing. Ensures VPA validation and transaction security. 3️⃣ Payment Service Provider (PSP) UPI-enabled apps like PhonePe, GPay act as client interfaces. Partner with a specific bank backend. 4️⃣ Acquiring & Issuing Banks Acquirer (Sender’s Bank): Debits funds. Issuer (Receiver’s Bank): Credits funds. 5️⃣ Transaction Security and Authentication MPIN, device binding, biometric, and OTPs. All communication secured via encrypted channels #UPI #SystemDesign #Fintech #DigitalPayments #NPCI #PhonePe #SoftwareDevelopment #GooglePay #Banking #TechIllustration #MoneyTransfer #CashlessIndia

What’s Driving Payments in 2025? The payments industry is shifting faster than ever. Driven by AI, real-time transactions, open banking, and embedded finance, the way we move money is evolving at an unprecedented pace. Consumers want speed, security, and seamless experiences—and businesses that don’t keep up will lose out. From digital wallets replacing credit cards to AI fighting fraud in real time, here’s what’s shaping the future of payments: 1. Real-Time and Cardless Payments: Open banking and account-to-account (A2A) transfers are growing, reducing costs and increasing transaction speed. 2. Cross-Border Payment Innovations: New multi-currency wallets, instant remittances, and AI-powered transaction processing are streamlining international payments. Emerging regulations and infrastructure upgrades aim to reduce costs and settlement times. 3. AI-Driven Fraud Prevention: Application fraud and identity theft are rising. AI is improving risk assessment, fraud detection, and automated decision-making, enhancing security while reducing false declines. 4. Mobile Wallets and Contactless Payments: The rise of real-time and mobile payment systems—such as UPI (India), Pix (Brazil), and Swish (Sweden)—has accelerated digital and mobile-first payment adoption. In many regions, mobile payments now surpass traditional banking methods. 5. CBDCs and Stablecoins in Digital Payments: Governments are testing Central Bank Digital Currencies (CBDCs) and stablecoins for faster, regulated digital transactions. These systems aim to improve financial inclusion and reduce transaction costs. 6. Embedded Finance Expansion: Financial services are being integrated into e-commerce and enterprise platforms. Loans, insurance, and payments are increasingly accessible within non-financial apps and digital ecosystems. 7. Virtual Cards for Secure Transactions: Businesses are shifting to virtual cards for B2B transactions, corporate expenses, and subscription management, improving security and tracking. 8. Payment Optimization for Higher Approval Rates: AI and machine learning are optimizing transaction flows, increasing authorization rates, and reducing payment failures. Businesses are investing in real-time fraud analytics and smart routing. 9. Hyper-Personalization in Payment Services: AI-driven financial products are tailoring experiences based on spending behavior. Payment providers are using real-time data insights to personalize offers, credit options, and loyalty programs. 10. New Regulatory Frameworks for Payment Security: Stronger regulations are being introduced to combat fraud, improve consumer protection, and enhance interoperability between global payment networks. Payments in 2025 will be instant, AI-powered, and increasingly embedded into digital experiences. Businesses must adapt to real-time payments, AI-driven security, and regulatory changes to stay competitive. #Payments #Fintech #DigitalTransactions #AI #Banking #FinancialInclusion Visa

The role of technology in cross-border payments has become crucial in making international transactions faster, cheaper, safer, and more transparent. Traditionally, sending money between countries involved multiple banks, high fees, and long processing times. Modern technologies are transforming this system. 1. Faster Transactions Technologies such as blockchain and real-time payment networks reduce settlement time from several days to minutes or seconds. Blockchain platforms use decentralized ledgers to verify transactions quickly. Systems like Ripple enable near-instant cross-border transfers between financial institutions. 2. Lower Transaction Costs Traditional cross-border payments often involve intermediary banks and high service charges. Technology reduces these costs by automating processes and minimizing intermediaries. Examples include fintech companies like: Wise PayPal These platforms provide cheaper international transfers compared to traditional banking systems. 3. Improved Transparency and Tracking Digital payment systems allow users to track payments in real time. Customers and businesses can see: Transaction status Currency conversion rates Transfer fees Blockchain technology ensures immutable transaction records, reducing disputes and fraud. 4. Enhanced Security Advanced technologies improve payment security through: Encryption Two-factor authentication AI-based fraud detection For example, payment networks like Visa and Mastercard use AI to detect suspicious transactions. 5. Financial Inclusion Technology allows people without traditional bank accounts to participate in global payments through mobile wallets and digital banking apps. Examples: Paytm Google Pay These platforms help small businesses and freelancers receive payments from international clients. 6. Integration with Global E-Commerce Cross-border payments support international trade and online marketplaces. Companies like Stripe provide payment gateways that allow businesses to accept payments from customers worldwide. 7. Use of Cryptocurrencies Cryptocurrencies such as Bitcoin and Ethereum enable peer-to-peer international transfers without relying on banks, potentially reducing costs and settlement times. Conclusion: Technology is revolutionizing cross-border payments by improving speed, efficiency, security, transparency, and accessibility. Fintech innovations, blockchain, digital wallets, and AI are making international transactions easier for businesses and individuals, supporting global trade and financial inclusion.

How Virtual Cards Are Reshaping the Future of B2B Payments In today’s world of global commerce, the expectations around speed, security, and control have fundamentally changed. Businesses aren’t just looking for better ways to pay but they’re looking for smarter ways to manage spend, reduce friction, and stay ahead of risk. And this is exactly where virtual cards have stepped up to become one of the most transformative tools in modern payments. What makes virtual cards powerful isn’t just their digital nature. It’s the shift in mindset they enable. Instead of waiting days for a plastic card to arrive or relying on manual expense processes, businesses can now issue a card instantly, apply real-time controls, and track every transaction as it happens. No card to lose. No long processing cycles. Just intelligent, dynamic payments. The impact is visible across industries: → SaaS & Subscriptions: Managing vendor payments becomes cleaner and safer. Each subscription gets its own virtual card, so if one is compromised, the rest of the ecosystem stays protected. → Corporate Travel: Travel budgets are no longer guesswork. Companies are issuing trip-specific cards with built-in limits, categories, and geo-controls, giving finance teams real-time visibility and employees a seamless experience. → Marketplaces & Gig Platforms: Instant, reliable payouts are now possible. Virtual cards help platforms pay workers faster, removing banking delays and improving engagement. → Cross-Border & Multi-Currency Spend: Teams operating across LATAM, APAC or EMEA can issue cards in local currencies, avoiding wire delays and unnecessary FX costs — something traditional rails simply can’t offer with the same efficiency. When you combine this with dynamic CVVs, tokenisation and evolving fraud-prevention layers, the value becomes even clearer: greater agility, stronger security, precise spend control, and global scalability. As someone who’s spent years across cash management, payments, and corporate banking, I’ve seen one thing consistently: businesses adopt tools that bring clarity, control, and confidence. Virtual cards deliver exactly that and they’re quickly becoming the operating system for B2B spend. Payments is evolving faster than ever, and the future will be shaped by solutions that offer transparency, real-time value movement, and trust at scale. #B2BPayments #VirtualCards #FintechInnovation #DigitalPayments #CorporateFinance #CashManagement #BusinessPayments #ExpenseManagement #PaymentsTransformation #FutureOfPayments #GlobalBusiness #FinanceTechnology #SecurePayments #InstantPayments #SpendControl #PaymentSolutions #CrossBorderPayments #SaaSFinance #CorporateTravel #MarketplacePayments #Fintech

J.P. Morgan Report: Payments Without Borders – The Potential of Cross and Real-Time Payments to Unlock the Growth of Latin America This report by JP Morgan examines the transformative potential of #crossborder and #realtimepayments in driving #economicgrowth, #financialinclusion, and regional integration across Latin America. Despite notable progress in #digitalfinancialservices, #LatinAmerica continues to face fragmented #paymentecosystems, high #remittancecosts, and limited #interoperability—barriers that constrain #trade, #investment, and #consumer participation in the #globaleconomy. The report identifies real-time payment systems (#RTPs) and enhanced cross-border payment infrastructure as critical enablers of economic modernization. Countries like #Brazil (with #Pix), #Mexico (with #CoDi and #SPEI), and #Colombia (with Transfiya) have begun implementing domestic RTP frameworks, achieving rapid adoption and broad consumer engagement. These platforms have demonstrated the ability to reduce #transactioncosts, expand access to unbanked populations, and facilitate instant peer-to-peer and business transactions. However, the full benefits of digital payment innovation remain unrealized without robust cross-border capabilities. Intra-regional payments in Latin America are often slow, expensive, and opaque, discouraging small and medium-sized enterprises (#SMEs) from engaging in regional trade. Enhancing cross-border interoperability, standardizing regulations, and investing in shared infrastructure are seen as essential steps toward building a unified payment corridor for the region. The report also underscores the importance of public-private collaboration in fostering trust, harmonizing compliance, and promoting financial inclusion. #Fintech innovation, regulatory sandboxes, and digital ID frameworks are all identified as pillars of a next-generation payment ecosystem. Additionally, the increasing demand for seamless e-commerce experiences and low-cost remittances is pressuring governments and financial institutions to modernize legacy systems and embrace interoperable, real-time networks. Ultimately, unlocking the power of cross-border and real-time payments could catalyze economic integration, lower the cost of doing business, and empower consumers throughout Latin America. The region’s digital payments revolution is underway, but realizing its full potential will require coordinated policy efforts, investment in infrastructure, and a commitment to inclusivity and innovation.

Virtual cards are revolutionizing B2B payments, addressing the challenges posed by manual processes. They offer automated and scalable payment processing, enhanced security through tokenization, and real-time visibility and spend control. The B2B virtual card market is expected to grow significantly by 2030, with Europe leading the adoption and rapid expansion in Asia-Pacific. Digital wallets, with over 4 billion users, already dominate more than half of global online transactions. In the B2B realm, traditional corporate cards are giving way to API-driven issuance and embedded finance solutions. Conversely, in markets like India, China, and Southeast Asia, digital-first payment methods are taking precedence over physical cards. Global wallets like Apple Pay, Google Pay, and WeChat are influencing consumer and enterprise payments, extending their reach to supplier payments, payroll, and SME disbursements. Looking ahead, virtual-first card issuance is poised to become standard practice, reshaping transaction economics and risk management through tokenized payment rails. Financial institutions will need to transition from plastic-first to API-first models, while digital wallets are expected to further penetrate B2B functions like procurement and trade finance. The evolution of virtual cards goes beyond efficiency gains to lay the groundwork for the future of B2B payments. The distinction between consumer and corporate payment experiences is gradually blurring as digital solutions take center stage. Source: https://lnkd.in/dHWVMHHX #Payments #B2B #Fintech #VirtualCards #DigitalWallets #EmbeddedFinance #ApplePay #GooglePay #WeChat #PhonePe #Treasury #DigitalTransformation #GlobalTrends #USA #Buyers #Suppliers #Fintechs #Payment #india #gcc #china #seasia PYMNTS