The Fintech Times

JANUARY 16, 2024

Oman is on an accelerated path toward the digital transformation of its banking sector, guided by the country’s Vision 2040 which aims to diversify its economy. Between 2018 and 2022, ATM, POS and e-commerce transactions processed through OmanNet have increased 300 per cent. million transactions to 252.9 million transactions.

Economy 59

Economy Payment Service Provider (PSP) Gateways Cross-Border Payments 59

PYMNTS

NOVEMBER 6, 2020

Walmart’s decision to sell its Argentinian retail operations, where it has over 90 stores and more than 9,000 employees, comes with one of the continent’s largest economies gripped in the throes of a severe economic crisis. Argentina faces trouble on two fronts.

Economy 61

Economy NOV Non-Bank Agreements 61

PYMNTS

OCTOBER 6, 2020

A new survey revealed teenagers spent less money on food, events and concerts during the COVID-19 pandemic amid fear of a worsening economy. Teen spending has been on the decline long before the coronavirus brought the economy to a virtual halt. The nationwide survey of 9,800 consumers conducted between Aug. 19 and Sept.

Economy 102

Economy Research Consumer 102

PYMNTS

APRIL 5, 2019

trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of the global economy. In fact, the share of those in the gig economy with highly specialized skills rose to 32.3 percent in Q4 2018 — a 12.2 percent in Q4 2018 — a 12.2 Key Findings in the Report: 41.9

Direct Deposit 81

Direct Deposit Economy PayPal Instant Payments 81

PYMNTS

SEPTEMBER 15, 2020

increased by nearly 7 percent last year to $68,700, up from $64,324 in 2018 while the number of people living in poverty fell, the U.S. The government’s report provided a glimpse into the nation’s economy before COVID-19 led to the loss of more than 20 million jobs. From 2018 through 2019, median earnings of all workers increased by 1.4

Economy 101

Economy 101

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. Here are some of the most important connected-economy IPOs expected in 2021, listed in order of either their last publicly estimated or confirmed valuation or published reports indicating what a company expects its value at IPO to be: Instacart ($30 Billion) .

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy. Fintech Taipei – major fintech event in Taiwan.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

The Fintech Times

JUNE 27, 2024

Suzy Al Zeerah , COO of Bahrain FinTech Bay , also commented: “By partnering with Taiwan’s FinTechSpace, we can assist fintech companies from both sides to expand in the Bahraini and Taiwanese markets, promoting the mutual growth of our digital economies.”

FinTech 111

FinTech Agreements Innovation Economy 111

PYMNTS

MAY 8, 2020

But in some emerging economies, NFC is not supported, making MST important. . Samsung Pay has increasingly grown in popularity, processing more than one billion transactions , almost double compared to 2018. By 2018, about 50 percent of retailers and restaurants starting accepting Apple Pay. smartphone users. .

Debit Card 92

Debit Card Contactless Payments Mobile Payments Payments Tools 92

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster.

Instant Payments 79

Instant Payments PayPal Payments Economy 79

The Fintech Times

SEPTEMBER 27, 2024

Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

PYMNTS

MARCH 29, 2020

government could deliver its stimulus funds to help the coronavirus-wrecked economy. According to Treasury Secretary Steve Mnuchin, the payments, intended to alleviate fiscal stress during the coronavirus’ mass disturbance of the economy, should be coming within three weeks. Venmo and Cash App want to be considered as ways the U.S.

Venmo 97

Venmo Treasury Federal Reserve Direct Deposit 97

Fintech Finance

SEPTEMBER 11, 2024

Founded in 2015, Paymob was the first fintech company to receive the Central Bank of Egypt’s (CBE) Payments Facilitator license in 2018. We remain committed to creating a cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact.”

PayPal 91

PayPal Economy Participant Non-Bank 91

PYMNTS

JANUARY 22, 2020

trillion in earnings in 2018, but many of these payments were sent out via frustratingly complex and slow payment methods. In the inaugural Gig Economy Tracker , PYMNTS examines how the U.S. gig economy is growing and why payment innovation and speed are becoming critical to platforms fighting to maintain freelancer loyalty.

Faster Payments 78

Faster Payments IRS Economy Payments 78

PYMNTS

MARCH 12, 2019

The gig economy is gaining steam, as roughly a third (more than 35 percent) of U.S. And as we found in the Gig Economy Index , a joint effort between PYMNTS and Hyperwallet , PayPal remains the most popular payment method for gig workers. percent of gig economy workers surveyed last quarter (Q3 2018) to 41.9

Debit Card 76

Debit Card PayPal Real Time Payments Economy 76

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 94

Financial Inclusion Innovation Payments NOV 94

The Fintech Times

DECEMBER 21, 2024

This launch reflects Paymob’s ongoing commitment to empowering businesses of all sizes to thrive in the digital economy by providing them with access to cutting-edge technologies that increase sales and fuel growth while enhancing customer experiences.

Security 59

Security Central Bank Economy On-Demand 59

PYMNTS

JANUARY 20, 2021

To that end, Tufts University ’s Fletcher School , in collaboration with Mastercard , said that India is fourth in “momentum” among 90 economies ranked at the end of last year. The study went on to note that such economies’ “significant headroom for growth would make them highly attractive to innovators and investors.”.

Payments 73

Payments Economy Digital Payments ATM 73

PYMNTS

JULY 2, 2020

The government ban happened when Lagos, the government hub of Africa’s largest economy, banned motorbike passenger service in January, according to director of marketing Osagie Alonge , Bloomberg reported. OPay was formed a year earlier than that, in 2018, as a way for mobile customers to send and receive money.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Governance 79

Fintech Finance

OCTOBER 9, 2024

Gaston Taratuta, CEO of Aleph, said: “For nearly two decades, we have focused on bridging the gap between leading ad-tech platforms and advertisers in emerging economies, creating an ecosystem where advertisers meet consumers. Trillion in Latam by 2028. Now, we are taking a natural next step by integrating payment processing capabilities.

Payment APIs and Integration 95

Payment APIs and Integration Digital Payments Acquirers Payment Service Provider (PSP) 95

Fintech Finance

SEPTEMBER 23, 2024

Jim brings over 25 years of experience in banking and payments and has worked at the forefront of the Open Banking movement since 2018. On joining Raidiam, Lauren said: “The data economy will be the future lifeblood of nations. Open Finance is an enabler and critical component to the development of innovations.

Continuity 95

Continuity ISO 20022 ISOs Central Bank 95

CB Insights

FEBRUARY 13, 2020

Growing the internet economy. Stripe Payouts and Stripe Issuing facilitate the movement of money with instant cashouts for gig economy workers and virtual card issuance, respectively. Stripe is focused on capturing a growing share of future payments volume in an increasingly internet-based economy. Virtual card issuance.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

PYMNTS

AUGUST 3, 2020

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 South Asia could be among the hardest hit regions of the world, with remittances falling by 25 percent compared to their 2018 levels. billion this year, according to Asian Development Bank (ADB) economists.

Authorization 101

Authorization Returns On-Demand Economy 101

PYMNTS

JANUARY 27, 2020

percent increase from 2018. The gig economy represents more than one-third of the United States’ total economy, but freelance and contract workers may not have to follow the same obligations as full-time employees. million in 2019 — a 1.5 The same report found that the total cost of a data breach had risen 12 percent since 2014.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

OCTOBER 19, 2020

Mastercard Track was debuted in 2018, and works on real-time data collection and faster payments, helping businesses with B2B payments. In August , Mastercard added 11 new companies to its Start Path startup engagement program, acknowledging the impact FinTechs were having on the global digital economy.

B2B 75

B2B Visa Accounts Cross-Border 75

PYMNTS

JULY 28, 2020

China is now the largest export economy in the world, according to the World Bank. In 2018, China exported $2.49 A decline in spending power often has severe repercussions on [a] country’s economy as [funds] are frequently used to create a fiscal cushion for governments.”. trillion to destinations including the U.S. ($479

Cross-Border 71

Cross-Border Visa Business Payments Cross-Border Payments 71

Fintech Finance

JULY 15, 2024

The Singapore Digital Economy Report 2023 revealed that the technology adoption rate of SMEs increased from 73.8% in 2018 to 94.3% To keep pace, Qashier has updated the hardware of QashierXS alongside the launch of Treats to continue enhancing the payment experience in today’s ever-changing digital economy.

Automation 96

Automation Payments Cross-Border Debit Card 96

PYMNTS

SEPTEMBER 2, 2020

The program launched in 2018 had grown 280 percent at the time, including more than 140 FinTechs around the world. In May, PYMNTS reported the essence of Visa’s Fast Track is to make it easier for FinTechs to launch with Visa credentials and provide access to a variety of payments players.

FinTech 85

FinTech Real Time Payments Credential Processors 85

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

The Fintech Times

DECEMBER 5, 2023

But as global environmental concerns continue to grow, the Kingdom is prioritising efforts to diversify its economy; spearheaded by its national economic development strategy launched in 2016, The Saudi Vision 2030. “Starting in 2018, we only had 10 fintech companies. Checking our last report in 2022, we have 147.

FinTech 110

FinTech Central Bank Economy Digital Currency 110

PYMNTS

APRIL 9, 2020

ITOCHU previously participated in Paidy’s Series B round in 2016 and its Series C round in July 2018, bringing its total investment in the startup to $91 million. Japan’s buy now, pay later (BNPL) startup Paidy announced it has closed a Series C extension funding round led by previous investor ITOCHU Corporation.

BNPL 92

BNPL PayPal Participant Economy 92

PYMNTS

JULY 6, 2020

Indonesia has a huge economy and a population of about 268 million, but many of those people live in rural areas where traditional banking services are hard to come by. according to a Crunchbase report , which noted the startup’s Series A round was in November 2018. That void has drawn a number of new offerings.

Void 84

Void Ubiquitous Processors Credit Cards 84

PYMNTS

SEPTEMBER 8, 2020

trillion funding gap in 2018, long before to the pandemic. If demand returns in the worldwide economy, the International Chamber of Commerce (ICC) forecasts a possible $2 trillion to $5 trillion shortfall in trade financing up to 2021. The pandemic has also decreased control over cash flow and access to credit for these businesses.

Visa 79

Visa Returns Finance On-Demand 79

The Fintech Times

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth? Genuine fintech growth?

FinTech 59

FinTech Digital Currency Central Bank Economy 59

PYMNTS

NOVEMBER 18, 2020

According to the latest iteration of the PYMNTS and Visa How We Will Pay 2020 study cash usage has been hit hard — and is a fraction of what it used to be as the economy has rapidly pressed toward modernization and digitalization. And 11 percent fewer consumers carry cash now than did in 2018.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

Open Banking

JUNE 28, 2024

This is the first major release since 2018 and includes important mandatory updates to the security profile and widely recognised international messaging standards (ISO 20022). million active users and is worth more than £4 billion to the UK economy. following approval by the Trustee.

ISO 20022 92

ISO 20022 ISOs Consulting Message Standards 92