PYMNTS

OCTOBER 18, 2020

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019.

Consumer 103

Consumer Push-to-Card Credit Cards Checks 103

PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

Fintech Finance

JANUARY 16, 2025

As a principal member of major card schemes including Mastercard, Visa, Discover Financial Services, UnionPay International and AMEX, Guavapay is registered as Small Electronic Money Institution (SEMI) with the Financial Conduct Authority (FCA) since 2019.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

Fintech News

APRIL 24, 2025

The companys ecosystem leverages AI-driven, credit-enabled solutions to empower businesses and consumers alike. Atome Financial specialises in consumer financing, ADVANCE.AI ZA Group Valuation: $1 billion ZA Group, founded in 2019 by ZhongAn Technologies International Group Limited (ZA Global), is a digital-focused financial brand.

FinTech 131

FinTech Online and Mobile Banking Payment APIs and Integration Finance 131

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. After all, speculation and anticipation serve as the brush-and-paper, quick-burning fuel of the bonfire known as the economy. consumer ridesharing market.

Payments 89

Payments Economy Underwriting Continuity 89

PYMNTS

APRIL 29, 2020

Many physical bank branches have temporarily closed or reduced service hours to better safeguard their employees and spare themselves the costs of operating branches now that consumers are staying home. consumers found that 82 percent had reservations about visiting branches, while 63 percent were more willing to try apps.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

AUGUST 30, 2020

Profits, the report found, were around $18 billion across both the first two quarters this year — a massive downward trend from the near $55 billion from 2019. billion, with CEO Jamie Dimon saying the purpose was to brace for the uncertain economy and people maybe not being able to pay loans back. Morgan setting aside $10.47

Consumer 82

Consumer Economy Legal Governance 82

PYMNTS

APRIL 8, 2019

The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. The global sharing economy stood at about $148 billion in 2014 (certainly nothing to sneeze at), and will balloon to $335 billion by 2025, less than six years away.

Economy 78

Economy Payments Authorization Verification 78

Fintech Finance

MARCH 12, 2025

Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies. These digital solutions have pushed traditional payment methods to evolve and adapt to meet modern consumer expectations.”

Issuers 59

Issuers Transactions Payment Service Provider (PSP) Debit Card 59

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 143

Financial Inclusion Payments Embedded Finance Push-to-Card 143

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. Revenue within the Acceptance and Payments segments included revenue from the First Data acquisition in July 2019.). The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019.

Economy 67

Economy Contactless Payments Adjustments Processors 67

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. consumers cannot pay for a $400 emergency. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

JANUARY 25, 2021

A new study from the Federal Reserve Bank of New York shows that people expect the economy to rebound by next year, according to a press release. If consumers had an unexpected 10 percent boost in income, 36.3 percent seen in December 2019. percent in December 2019, according to the release. percent in August and 2.4

Fed 71

Fed Consumer Federal Reserve Non-Bank 71

PYMNTS

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. percent of consumers have bought CPG through these channel.”.

Consumer 84

Consumer Shutdown Product Volume 84

The Fintech Times

AUGUST 19, 2024

Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.

Economy 64

Economy Online and Mobile Banking FinTech Governance 64

PYMNTS

NOVEMBER 30, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. This year, FT reported, the event morphed into an 11-day spree, and consumers spent $75.8 That's a 26 percent increase from the same time in 2019.

Consumer 70

Consumer NOV Origination Economy 70

The Fintech Times

MARCH 27, 2025

In 2019, we pivoted to focus on helping millions of businesses and individuals access seamless payments, banking, credit and business management tools, trusted by millions of businesses. As well as our business solutions, we now offer services to individual consumers. How is Moniepoint supporting the underbanked?

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

PYMNTS

JULY 26, 2020

Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. The top end of the market behaves like the western world, and the bottom of the pyramid has similarities with developing or undeveloped economies,” he said.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

PYMNTS

DECEMBER 29, 2020

According to Mastercard ’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. Most consumers start with their phone, and then it goes wherever they want to go.

Consumer 72

Consumer Visa Ubiquitous Economy 72

PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal.

Consumer 67

Consumer Fed Shutdown On-Demand 67

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

DECEMBER 28, 2020

After all, consumers were pushed onto digital platforms early in the season and then pushed again as the pandemic surged even as they risked post-holiday package arrival. Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. percent in 2019. percent unemployment rate.

Visa 104

Visa Economy Consumer Advisors 104

Fintech News

MAY 15, 2024

According to a comprehensive study by Visa Business and Economic Insights (VBEI) , video gamers are proving to be a highly lucrative consumer segment. The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers.

FinTech 109

FinTech Online and Mobile Banking Payment APIs and Integration Economy 109

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Government 98

PYMNTS

JULY 29, 2020

Visa managed to come out ahead of analyst expectations for both revenue and earnings when it reported its Q2 results yesterday (July 29), but the world’s largest card network found itself hit hard by plummeting consumer spending in the second quarter. For the quarter that ended June 30, Visa reported net income of $2.4 billion, or $1.07

Consumer 68

Consumer Cross-Border Cross-Border Payments Volume 68

PYMNTS

NOVEMBER 13, 2020

An exclusive research project from PYMNTS shows that Walmart could leverage its new membership model to capture more of the consumer’s whole paycheck. A study of a census-balanced sample of 2,165 consumers conducted Oct. consumers report having a Walmart+ membership, just a bit more than a month after its launch.

Economy 60

Economy NOV On-Demand Adjustments 60

PYMNTS

APRIL 21, 2020

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. percent year over year as measured by PSCU for the 13th week of the year (week of March 23, 2020, compared to week of March 25, 2019). Overall credit card spend was down 29.9

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

OCTOBER 22, 2020

In a July letter to investors , CEO Reed Hastings said, “In the first half of this year, we’ve added 26 million paid memberships, nearly on par with the 28 million we achieved in all of 2019. However, as we expected … growth is slowing as consumers get through the initial shock of [COVID] and social restrictions.”.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

OCTOBER 14, 2019

One San Franciscan cabbie who has driven a taxi for 20 years told SF Weekly in June of 2019 that he needs to earn $4,000 a month just to make the monthly payment on a $250,000 loan for a medallion that is worth far less today. The Rise of the Gig Economy. Workers like the security of working for those kinds of businesses, too.

Economy 71

Economy On-Demand Regulations Push-to-Card 71

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. As lockdowns and social distancing measures took effect, consumers were forced to adopt digital channels for shopping and payments, leading to a significant rise in e-commerce. billion in 2019. in 2020, reaching $4.28 billion in 2022, up from $7.5

Cross-Border 105

Cross-Border Processors Multi-Currency Contactless Payments 105

The Payments Association

MARCH 19, 2025

The ascent of digital wallets The evolution of digital wallets has mainly been shaped by advancements in technology, a demand for convenience, and the broader shift towards cashless economies. This offers transparency in data usage to alleviate consumer concerns.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Finovate

NOVEMBER 18, 2024

Cash usage tanks Since 2019, cash usage across the globe has dropped by 20%. The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S., where card usage has long been popular.

Payments Trends 69

Payments Trends Global Payments CBDC Embedded Payments 69

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Ultimately, this convergence fosters a more inclusive and efficient financial ecosystem, benefiting consumers and businesses alike. What’s next?

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

OCTOBER 21, 2020

Before 2014, talking to a virtual assistant and instructing it to turn on the lights, start the dishwasher or order up the groceries was the sort of thing the average consumer would more expect to see in a science fiction or superhero movie than in their house. consumers control nearly all of their daily routines.

Economy 60

Economy Online and Mobile Banking Consumer Non-Bank 60

Finovate

JANUARY 17, 2025

This week’s edition of Finovate Global focuses on recent fintech headlines from Mexico, which boasts the second largest economy in Latin America. Founded in 2019 and headquartered in Mexico City, Belvo is a leading open finance and data payments platform. billion), with an enterprise value of $818 million (MXN 16.8 billion). .

Cross-Border 64

Cross-Border Cross-Border Payments Payments Acquirers 64

PYMNTS

JANUARY 26, 2021

Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year. NY Fed: US Consumer Optimism Surges For Long Term. A new Federal Reserve Bank of New York study indicates that individuals foresee the economy will rebound by 2022. percent seen in December 2019.

Federal Reserve 95

Federal Reserve Fed Economy Finance 95