Fed study highlights growth in card, ACH payments
Payments Dive
APRIL 24, 2023
Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.
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Payments Dive
APRIL 24, 2023
Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.
Payments Source
AUGUST 10, 2020
with merchants initially dragging their heels to enable contactless technology at payment terminals and banks waiting until 2018 to begin the slow rollout of NFC-enabled cards. It took years for NFC payments to gather momentum in the U.S.,
Finovate
SEPTEMBER 10, 2024
Best of Show winners from our 2015 through 2024 conferences are below: FinovateEurope 2015 FinovateSpring 2015 FinovateFall 2015 FinovateEurope 2016 FinovateSpring 2016 FinovateFall 2016 FinovateAsia 2016 FinovateEurope 2017 FinovateSpring 2017 FinovateFall 2017 FinovateAsia 2017 FinovateMiddleEast 2018 FinovateEurope 2018 FinovateSpring 2018 FinovateFall (..)
Payments Dive
AUGUST 31, 2023
The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.
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Finovate
NOVEMBER 18, 2024
Qover made its Finovate debut at FinovateEurope 2018 in London. Belgium-based insurtech Qover , which made its Finovate debut at FinovateEurope 2018, has teamed up with fellow Finovate alum Mastercard to enhance the online shopping experience for Mastercard credit cardholders in Belgium and Luxembourg. .
Fintech News
JANUARY 10, 2024
He was co-founder of Boom Singapore, a fitness studio, from 2018 to 2023. Established in 2018, Lendela has provided over 100,000 consumers with transparent and informed loan choices, working in collaboration with more than 100 lending partners.
Fintech News
MAY 14, 2024
Debit card payments have seen a CAGR increase of 19% from 2018-2023. South Korea recorded the highest percentage decline in paper transactions at -39% from 2018-2023, while mobile proximity payments grew by 29%. Singapore and Hong Kong saw a CAGR of 31% and 19%, respectively, for mobile proximity payments during the 2018-2023 period.
PYMNTS
DECEMBER 18, 2020
As PYMNTS' latest Digital Fraud Tracker recently reported , shipping fraud grew 391 percent between 2018 and 2019, while account takeovers spiked by 347 percent over the same timeframe. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.
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TechCrunch Fintech
MARCH 5, 2024
Harness Wealth, which started in 2018 primarily offering financial advice to startup founders and employees, has expanded into the tax advisory space and raised a $17 million extension to its Series A round, bringing that financing to $32 million.
PYMNTS
APRIL 10, 2020
The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week. The IRS and Free File Alliance have been working around the clock to deliver this new tool to help people.”.
PYMNTS
NOVEMBER 23, 2020
The Robinhood trading app has allowed digital currency as of 2018, and Square users have had the capacity to trade in digital currency for more than a year. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70 percent of the new supply of bitcoins.”.
The Fintech Times
SEPTEMBER 14, 2024
Guided by the FSC and supported by the FinTech Development Fund, TFSR and TABF jointly organised the 1st FinTech Taipei to great acclaim in 2018. Fintech Taipei – major fintech event in Taiwan. Taiwan’s advanced society is reflected in its financial services. Recent developments in fintech have been significant.
PYMNTS
DECEMBER 21, 2020
In 2018, Apple veteran Doug Field , who had worked at Tesla , returned to the project and laid off 190 people from the team the next year, Reuters reported. Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch.
PYMNTS
JANUARY 5, 2021
Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported. The value fell on Monday (Jan. 4) alongside volatility in highly leveraged futures markets before recovering losses.
PYMNTS
NOVEMBER 24, 2020
While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017.
Fintech News
OCTOBER 23, 2024
Launched in November 2018, TIPS enables real-time payments across Europe, facilitating instant transfers between European banks. As part of its efforts to link its TARGET Instant Payment Settlement (TIPS) with other fast payment systems, the Eurosystem, the monetary authority of the eurozone, has expressed its intention to join Project Nexus.
The Fintech Times
JUNE 27, 2024
The collaboration Since its launch in 2018, FinTechSpace has actively connected with international market resources and forged fintech partnerships worldwide. The new partnership with Bahrain FinTech Bay also marks its 16th international collaborator and its first in the Middle East.
PYMNTS
JANUARY 25, 2021
The relationship the government has with digital currencies has been complicated over the years, with the country’s supreme court in March overturning a blanket ban on crypto, which had affected crypto businesses there since 2018. Since then, the number of exchanges has grown in the country.
Finovate
MAY 22, 2024
Best of Show winners from our 2015 through 2024 conferences are below: FinovateEurope 2015 FinovateSpring 2015 FinovateFall 2015 FinovateEurope 2016 FinovateSpring 2016 FinovateFall 2016 FinovateAsia 2016 FinovateEurope 2017 FinovateSpring 2017 FinovateFall 2017 FinovateAsia 2017 FinovateMiddleEast 2018 FinovateEurope 2018 FinovateSpring 2018 FinovateFall (..)
Fintech News
MAY 27, 2024
2561 (2018). Thailand’s Securities and Exchange Commission (SEC) is seeking public input on proposed changes to the Emergency Decree on Digital Asset Businesses B.E. These changes aim to update the decree to better reflect current market conditions and improve regulatory efficiency.
Fintech News
MARCH 6, 2024
BukaCicilan was originally introduced in October 2018 through a partnership with multifinance entity, PT Akulaku Finance Indonesia. Despite its closure, Bukalapak clarifies that the decision is not linked to the temporary operational restrictions Akulaku faced from Indonesia’s Financial Services Authority (OJK) in October 2023.
PYMNTS
JULY 5, 2020
Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018. It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said.
Fintech News
AUGUST 28, 2024
Founded in 2018, Helicap links global investors with private debt opportunities across Southeast Asia, leveraging a wide network of partners. Additionally, Helicap is set to issue US$1.9 million worth of shares to convertible noteholders, which include Taisu Ventures and individual investor Lee Ooi Keong.
PYMNTS
JANUARY 8, 2021
The FinTech offers a brokerage app that is often favored by inexperienced investors. CNBC reported that the Silicon Valley startup has raised more than $1 billion in funding this year.
Fintech News
SEPTEMBER 15, 2024
Helicap has facilitated more than US$ 370 million in transactions since 2018, using credit analytics to assess millions of data points to make informed lending decisions. The company had recently raised US$4.3 million in a Series B funding round led by Kenanga Investors who contributed US$4 million to the round.
Fintech News
APRIL 1, 2024
According to the report, VC funding in CCA reached US$110 million in 2023, up by 450% from a mere US$20 million in 2018. Since 2018, the country’s VC market has increased considerably, growing by 6.6 times to US$80 million in 2023. Meanwhile, average deal size grew 3.8
Finovate
MAY 13, 2024
billion, the lowest level since 2018. Q1 2024 was also the first time since 2018 that there were no “mega-round deals” – investments of $100 million or more. CB Insights noted that quarterly funding for Q1 of this year was only $0.9
Fintech News
OCTOBER 1, 2024
Karunakaran, who retired on 30 September after serving as Chairman since 2018. Datuk Yee was appointed as a Non-Independent Non-Executive Director of Maybank in November 2023, and then to the Maybank Singapore board in August 2024. He succeeds Datuk R. His career spans audit, equity research, and investment banking.
Fintech News
FEBRUARY 15, 2024
Illicit share of all cryptocurrency transaction volume, 2018-2023, Source: Chainalysis 2024 Crypto Crime Report, Chainalysis, Jan 2024 Conversely, the data reveal an increase in ransomware attacks and darknet markets, indicating challenges in cybersecurity and a resurgence in these illicit activities.
Fintech News
AUGUST 12, 2024
Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. OPES Insurance: Founded in 2018, OPES Insurance is a leading digital insurer serving the Vietnam market. ZaloPay: Established in 2018, ZaloPay is a mobile wallet and payment platform associated with the Zalo messaging app.
Fintech News
JULY 14, 2024
Since joining AIA Singapore in 2018, he has gained a profound understanding of the organisation, most recently serving as Head of Digital Technology. More importantly, with Afees’ appointment,” said Wong Sze Keed, Chief Executive Officer of AIA Singapore.
Open Banking Excellence
NOVEMBER 14, 2023
It came into full effect in 2018 and involved several key pillars: Enhanced Security : The PSD2 introduced Strong Customer Authentication (SCA) to bolster the security of digital transactions. This requirement is now familiar to us, as we often encounter multiple-factor authentication on our mobile devices.
Fintech News
OCTOBER 7, 2024
While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023. Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore.
Fintech News
MARCH 10, 2024
OCBC data highlights the growing impact of women in the business sector, showing an increase in women-founded SMEs from 23% in 2018 to 30% in 2023. These businesses have made significant strides in sectors traditionally dominated by men and have seen a noticeable uplift in growth when leveraging financing options.
Fintech News
OCTOBER 13, 2024
This partnership builds on PasarPolis’ collaboration with Gojek, which began in 2018, offering insurance products to Gojek’s large user base. The platform can issue up to 100 policies per second, automating policy issuance and claims processing to ensure efficiency and scalability.
Fintech News
AUGUST 14, 2024
Alex Manson Manson had set up SC Ventures in 2018, and under his leadership, it has become Standard Chartered’s innovation, fintech investment, and ventures arm, driving the bank’s digital transformation and innovation efforts.
Fintech News
FEBRUARY 7, 2024
In an effort to regulate the burgeoning sector, Thailand introduced a licensing framework for cryptocurrency exchanges and brokers in 2018 under the Digital Asset Business Emergency Decree. This regulatory measure enforces strict operational standards to bolster consumer protection and maintain the integrity of the financial system.
Fintech News
FEBRUARY 14, 2024
The company has reported a 232% increase in its card base in the ASEAN region between 2018 and 2023, alongside a robust presence in Taiwan through 29 banks, and a significant milestone of approximately 1 million RuPay JCB Cards issued in India within two years of launch.
Fintech News
JUNE 18, 2024
Since ZA Tech ‘s establishment in 2018, it has partnered with global insurers like AIA, Generali, Prudential, and Zurich, as well as digital platforms such as Carro, Grab, Klook, and PayPay to enhance their embedded insurance businesses.
Fintech Finance
SEPTEMBER 17, 2024
Aaron Holmes, Founder and CEO of Kani Payments, says: “Since our inception in 2018, it has been a priority for us to meet the latest industry and regulatory standards.
Fintech News
JANUARY 17, 2024
Founded in 2018, Aspire provides a comprehensive suite of financial services for small businesses, including international payments, corporate cards, and payable and receivable management through a unified platform. The company shared that it also had plans to double its fintech-specialised workforce in Singapore to 300 by 2025.
Fintech News
APRIL 16, 2024
The bank had previously launched a mobile wallet, KBZPay, in 2018 which currently has over 15 million users. KBZ Bank operates over 500 branches and serves approximately 40% of Myanmar’s retail and commercial banking sectors.
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