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In this issue of the PaymentEye e-newsletter, we ask: Is social media the future of eCommerce and consumer payments? Roger Niederer, Head Merchant Services of SIX Payment Services, discusses Instagram’s latest foray into payments, and how the consumer payments and eCommerce landscape is set to transform in the near future.

Elsewhere, this week’s ATM transaction fee reduction could potentially lead to further ATM closures across the UK, and there’s fintech insight from Richard Theo, CEO of Wealthify, in the latest edition of the FinTalk Podcast.

Is social media the future of eCommerce and consumer payments? Roger Niederer, Head Merchant Services of SIX Payment Services, talks to PaymentEye.

A new wave of fintech is taking full advantage of the collaborative ecosystem, powered by advances in APIs and encouraged by Open Banking regulation.

New research, compiled by London Fintech Week 2018, has revealed that if present trends continue, the year 2020 could see an ICO ecosystem of $30bn-$40bn value of tokens issued with around 2,000 token projects.

On Sunday, July 1st, ATM fees were reduced from 25p to 20p across the UK. The move is expected prompt further ATM closures across the country.