Standards - They're more interesting than you think!!! No really they are....

Bitesize Payments

Standards hmm that sounds interesting Paul well yep fair point but where would we be without them?

Imagine a world where each time you tried to send money to someone, you had to navigate a new process, perhaps even create new accounts, or understand new protocols. Sounds chaotic, right? That's a world without payment standards.

The financial world thrives on trust, security and efficiency, and payment standards are the backbone of all these.

At the most basic level, payment standards are universally agreed-upon guidelines or protocols for handling and processing transactions. These might relate to technology, like the EMV chip in credit cards, or operational practices, like how banks handle wire transfers.

Today I am joined by Santiago Cabeza Sos from Nexo Standards to help me.

Why are these standards so important? Listen up here we go….

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