Revolutionising Cross-Border Payments: A Deep Dive with Payall's Gary Palmer

02/27/24 • 28 min

In this episode of the Insights podcast, Tony Craddock, Director General of the Payments Association, welcomes Gary Palmer, CEO and Chairman of Payall, for a focused discussion on the evolution and challenges of cross-border payments. With decades of experience, Palmer offers a critical analysis of why this sector, crucial to the global economy, has seen limited technological advancement and outlines the transformative changes on the horizon.

Listen as they examine the systemic barriers to innovation, such as outdated banking infrastructures, regulatory complexities, and the pressing need for technological integration. They explore how limited data visibility affects transaction efficiency and discuss the potential for significant improvements in the near future.

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Previous Episode

The Evolution of Open Banking: Insights and Innovations

Join Tony Craddock, Director General and Founder of the Payments Association, for a deep dive into the evolving landscape of open banking with industry leader Marion King.
In this episode, Marion shares her insights from a distinguished career that has significantly shaped the UK's payment sector, from introducing Faster Payments to her influential role as CEO of Vocalink and beyond. As the current Chair and Trustee of Open Banking Limited, Marion discusses the transformative impact of open banking on the UK economy, the pivotal developments expected in 2024, and the challenges and opportunities ahead.
With nearly 13 million payments enabled by open banking and a growing user base, this conversation illuminates the critical role of collaboration, innovation, and regulation in driving forward a data-shared economy and the importance of open banking as a public good. Tune in to understand how the UK positions itself at the forefront of this global movement, ensuring sustainable, fair, and innovative financial services for all.

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.

Next Episode

Payment Innovations, Shaping the Future of Finance

In this episode of the Insights Podcast, host Tony Craddock, Director General of the Payments Association, delves into the dynamic and complex world of payment systems with industry veterans Pete Tobin, head of debit at TSYS, and Matt Cox, director of E-commerce and Services at Nationwide. They explore recent regulatory changes, the impact of technological advancements on traditional banking models, and the future of open banking and variable recurring payments (VRPs).
The discussion illuminates the challenges and opportunities presented by the need for a commercial framework that ensures consumer protection and encourages innovation in the payments industry. As the landscape of payments continues to evolve, this episode provides invaluable insights into the strategic considerations driving its future direction.

Find out more about The Payments Association via our website www.thepaymentsassociation.org or follow us on social media.