Fintech News

SEPTEMBER 8, 2024

Zalopay, launched in 2017 by VNG’s Zion Company, initially focused on e-wallet services, such as bill payments and money transfers via QR codes. Despite these changes, Zalopay saw positive growth, with a 27% increase in total payment volume in 2023 and its QR solution reaching over 36,000 partners nationwide by mid-2024.

BNPL 112

BNPL Caps Volume Mobile Banking 112

The Fintech Times

NOVEMBER 14, 2024

In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. In 2017, MPClear launched in Oman, enabling customers to transfer funds using their mobile numbers. To facilitate the huge volume of remittances, countries have established a number of payment schemes.

FinTech 76

FinTech Payments Emerging Payments APACS 76

PYMNTS

AUGUST 2, 2018

Square managed to beat Wall Street estimates on both earnings and revenue when second quarter earnings went live yesterday — powered largely by higher-than-expected transaction volume and marked growth in its subscription services business. million during Q2, while gross payment volume came in at $21.4 percent in after-hours trading.

Volume 40

Volume Transactions Bitcoin Adjustments 40

PYMNTS

JANUARY 24, 2019

23) showed continued traction in the financial messaging service’s annual and daily average traffic volumes. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years.

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

NOVEMBER 9, 2017

Square continued its 2017 run of earnings strength with the release of its latest quarterly results on Wednesday (Nov. 8), notching growth in both payments volume and services revenue that came in ahead of analyst expectations. Square’s gross payment volume (GPV) was $17.4 But shares were still down 1.3

Volume 49

Volume Payments NOV Adjustments 49

PYMNTS

NOVEMBER 7, 2016

The latest iPhone sales forecast predicts that overall, iPhone 7 lines will be down in 2017 — pushed mainly by weak demand in China, slow shipment volume of 4.7″ As such, we estimate 1Q17 iPhone shipment volume of 40-50mn units, lower than the 51.2mn units in 1Q16,” Kuo wrote. ”

Volume 51

Volume On-Demand Product 51

PYMNTS

JANUARY 24, 2018

Ripple sold nearly $92 million of its XRP digital currency in the fourth quarter of 2017, according to news from CNBC. million worth of XRP during the quarter, capitalizing on a 29,631 percent price surge in 2017. Over a year, trading volume jumped from $2.28 Over a year, trading volume jumped from $2.28

Cryptocurrency 51

Cryptocurrency Digital Currency Blockchain Volume 51

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement.

Chip Cards 44

Chip Cards CHIPS EMV Contactless Payments 44

Payments Source

NOVEMBER 29, 2017

This is to some extent the cost of doing business; fraud will always be a percentage of overall transaction volume. With the holiday shopping season, there is an inevitable dark side — an increase in transactions means an increase in fraud.

Consumer 62

Consumer Volume Transactions Data Security 62

Fintech News

MAY 19, 2024

A source close to the transaction highlighted the challenge of finding domestic investors to absorb such a large share volume and the necessity for agreements with existing foreign shareholders to facilitate the sale at a favorable price.

Non-Bank 117

Non-Bank Caps Agreements Volume 117

The Paypers

JULY 6, 2018

(The Paypers) Ascend Money , Southeast Asia’s fintech company, transacted a total payment volume of USD 5 billion across Southeast Asia in 2017, delivering 400% year-on-year growth compared to 2016.

Transactions 34

Transactions FinTech Volume Payments 34

PYMNTS

MAY 3, 2018

Mastercard beat estimates on Wednesday (May 2) as the company showed results that reflected higher spending on both credit and debit cards through the first quarter, as well as cross-border volumes that surged by double digits. The company said that worldwide gross dollar volume gained 14 percent to $1.4 The net revenue number of $3.6

Volume 48

Volume Visa Cross-Border Debit Card 48

The Paypers

JANUARY 24, 2018

(The Paypers) The Australia and New Zealand Banking Group (ANZ) latest data has revealed the volume of mobile wallet payments soared 140% in December 2017.

Transactions 31

Transactions Volume Payments 31

PYMNTS

OCTOBER 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93

Volume 49

Volume Cross-Border Payments Push-to-Card 49

PYMNTS

JANUARY 26, 2017

2017, its platform has connected hundreds of thousands of consumers with new financing options and opened up more than half a billion in purchasing power at the point of sale. According to Vyze, the company doubled its financing volume in 2016, with repeat purchases accounting for nearly half of the gain.

Volume 40

Volume Finance On-Demand Consumer 40

PYMNTS

AUGUST 3, 2018

are pressing past threats looming from Brexit and increasing their global trade volumes. “After a disappointing 2017 (where the number of businesses trading internationally halved), many have made a return to overseas markets in the last quarter,” said WorldFirst Chief Economist Jeremy Thomson-Cook in a statement.

Volume 40

Volume Cross-Border Small Business Mitigation 40

PYMNTS

OCTOBER 23, 2019

In today’s payments news, Zelle ’s third-quarter results show that transaction volume increased by 73 percent. Zelle Transaction Volumes Hit $49B, Spike 73 Pct YOY. Zelle ’s Q3 results show that its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. The share of U.S.

Zelle 40

Zelle Volume Transactions Instant Payments 40

PYMNTS

OCTOBER 20, 2017

Venmo accounted for $9 billion in mobile payments volume in Q3, nearly doubling volume from this time last year. Venmo has processed about $30 billion in total payment volume in 2017 so far. Total payments volume rose 31 percent to $114 billion. All in all, PayPal processed 1.9 We’ll keep you posted.

PayPal 47

PayPal Venmo Caps Volume 47

PYMNTS

AUGUST 18, 2017

million units in the fourth quarter and hit 15 million for 2017. According to DigiTimes , sources also expect the volume to rise to 20 million units in 2018. With that in mind, shipments are expected to give a significant boost to Apple’s overall smartwatch volumes.

Volume 40

Volume On-Demand Technology Innovation 40

The Fintech Times

DECEMBER 14, 2023

It urgers acquirers to assess their business models to ensure they can cope with both today’s high volume of transactions and future changes too. ” Insight Between 2017 and 2021, the electronic payments industry grew at 30 per cent and 13 per cent CAGRs in volume and value of transactions respectively.

Acquirers 57

Acquirers PCI DSS Fraud Detection Cross-Border 57

Fintech News

JANUARY 7, 2024

Since 2017, Pyongyang-linked threat actors have caused the loss of nearly US$3 billion worth of crypto. The stolen assets are then transferred to wallets under their control, often converted to cryptocurrencies like USDT or Tron, and then exchanged for hard currency using high-volume OTC brokers.

OFAC 108

OFAC Law Enforcement Money Laundering Cryptocurrency 108

Clearly Payments

OCTOBER 3, 2024

Total Credit Card Payments Amount in the USA by Year Year Credit Card Purchase Volume in USA (USD Trillions) 2013 $2.5 trillion 2017 $3.4 Transaction Volume : Electronic payments processed through these terminals exceed $8 trillion annually. Benefits : Ideal for high-volume merchants needing a reliable and efficient terminal.

Credit Cards 83

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 83

PYMNTS

FEBRUARY 19, 2019

19) that last year was a milestone year for the ACH Network with payment volume climbing to close to 1.5 According to NACHA, ACH Network volume hit close to 23 billion payments in 2018, marking a year-over-year increase of 6.9 percent increase compared to 2017. NACHA, the steward of the ACH Network, announced Tuesday (Feb.

ACH Network 82

ACH Network ACH Same Day ACH NACHA 82

PYMNTS

MAY 8, 2017

For Q1 2017, movement was a bit to the downside amid continued earnings reports this past week, as has been seen in previous sessions. The gross payments volume was up at an even more accelerated rate, at 33 percent to $13.6 The biggest decline came from Cardtronics, as the firm’s stock lost nearly 15 percent.

Continuity 40

Continuity ATM Adjustments Payments 40

PYMNTS

NOVEMBER 23, 2020

When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report. Trading volume on itBit escalated to $26.57 itBit is run by Paxos, which is PayPal partner. .

PayPal 87

PayPal Bitcoin Digital Currency Cryptocurrency 87

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. One of our customers, a German savings bank, detected a suspiciously high volume of money transfers through Luxembourg. This is changing, and 2017 should be the year when compliance breaks through the “cloud ceiling.”

Compliance 45

Compliance Financial Crimes Crime Money Laundering 45

Fintech Finance

DECEMBER 12, 2023

Between 2017 and 2021, the electronic payments industry grew at 30% and 13% CAGRs in volume and value of transactions respectively. For card acquiring specifically, the volume of transactions grew at 23% over the same period.

Consulting 52

Consulting Acquirers Fraud Detection Payments 52

Fintech News

FEBRUARY 19, 2024

Contour was launched in 2017 through a collaborative effort by major banks such as HSBC, Standard Chartered, and BNP with the aim of digitising trade finance. Despite the global trade volume exceeding US$30 trillion in 2023, the digitisation level of these transactions remains below 1%.

FinTech 97

FinTech Cross-Border Finance Participant 97

CB Insights

APRIL 2, 2018

The Investor Mosaic page walks through the factors considered in the algorithm in some detail but at a high-level, it considers several factors including: An investor’s exits – the frequency/volume, size, and stage of entry. Network centrality – connectivity to other investors. Think of it as akin to Google Pagerank.

Advisors 28

Advisors Volume Technology 28

PYMNTS

FEBRUARY 1, 2019

While rules introduced in 2017 were supposed to make it easier for foreign entities to enter the country, many companies believe China is using informal barriers to keep them at bay. In the meantime, Visa beat expectations on double-digit payments volume growth for the last quarter of 2018, with processed transactions at around 33.9

Visa 68

Visa Volume Transactions Credit Transaction 68

CB Insights

APRIL 2, 2018

The Investor Mosaic page walks through the factors considered in the algorithm in some detail but at a high-level, it considers several factors including: An investor’s exits – the frequency/volume, size, and stage of entry. Network centrality – connectivity to other investors. Think of it as akin to Google Pagerank.

Advisors 28

Advisors Volume Technology 28

Fintech News

FEBRUARY 15, 2024

Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups. In H1 2023, Southeast Asia recorded a substantial 54% year-on-year (YoY) decline in tech investment volume which reached US$3.1 billion for the period.

FinTech 93

FinTech Adjustments Volume Continuity 93

The Fintech Times

JANUARY 22, 2024

As airline transaction volumes continue to surge through the current multi-year travel boom, the impact of fraud on the industry has risen commensurately. More travel demand, more transactions, more fraud As the volume of transactions in any industry increases, incidences of fraud also increase… it’s just a fact of business.

Payments 57

Payments On-Demand Volume Account Takeovers 57

PYMNTS

JANUARY 28, 2020

2017: The year Phocus launched. 154 liters: Volume of soft drinks Americans consume per capita per year. Phocus can be found in retail locations throughout the country. All this, Today in Data. 1,500: Number of retail locations where Phocus caffeinated water can be found.

Innovation 52

Innovation Volume Consumer Product 52

PYMNTS

JUNE 23, 2017

Funding company Shopify Capital just released details from its Q1 2017 earnings call, which many are speculating will lead to a 25 percent return on investment (ROI). million in merchant cash advance (MCA) and $11 million in new cash advances as of April 2017, the company is likely in a solid spot.

Returns 59

Returns Volume Continuity Payments 59

PYMNTS

APRIL 1, 2019

percent: The growth in payments volume via the ACH network between 2017 and 2018. $40 percent: Projected CAGR of the real-time payments market from 2018 to 2023. 67 percent: Share of Australians slated to use real-time payments by 2023. 23 billion: Number of payments the ACH network processed in 2018.

Instant Payments 72

Instant Payments ACH Network Real Time Payments Faster Payments 72

Tearsheet

FEBRUARY 16, 2024

“Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House.

Instant Payments 119

Instant Payments RTP Visa TCH 119