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

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. “One Debit cards remain the payment method of choice among U.S.

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

SEPTEMBER 16, 2019

That is just one of five critical findings highlighted in How We Will Pay 2019 , a PYMNTS, Visa collaboration examining how consumers use a wide range of connected devices to shop and make purchases. consumers who documented their shopping and purchasing experiences over a seven-day period in mid- to late-July of 2019.

Consumer 75

Consumer Use Case On-Demand FinTech 75

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 133

Financial Inclusion Embedded Finance Payments Push-to-Card 133

PYMNTS

NOVEMBER 13, 2020

Consumer Financing Satisfaction Study. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D. Power, said in releasing the J.D. Power 2020 U.S. percent year over year.

Consumer 85

Consumer On-Demand Origination Enrollments 85

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. Some of that comes from pent-up demand for services.”.

Consumer 67

Consumer Fed Shutdown On-Demand 67

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. More than two-thirds of consumers (68.1 Among consumers, instant payments accounted for a little more than one in 10 of those disbursements (14 percent). percent in 2019 and 9.5

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

MARCH 10, 2020

percent of China’s internet users tapped mobile devices to access the web in 2019. Consumer demand for digitized services has been expanding rapidly. . Ant became the world’s most valuable unicorn in July 2019. Alipay, the biggest payment platform worldwide, is aiming to solidify its position in China.

On-Demand 99

On-Demand Service Provider Legal Consumer 99

PYMNTS

DECEMBER 31, 2020

How We Will Pay: Home As The Consumer Command Center. This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. 35 percent of retail businesses have experienced an increase in demand.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has made consumers hungry. Another survey of consumer plans for their stimulus dollars indicated over a third of consumers intend to spend those funds eating more. Sixteen percent bought food directly from restaurants and takeout locations, while another 9 percent spent the funds at grocery stores.

Consumer 75

Consumer On-Demand Innovation Continuity 75

PYMNTS

OCTOBER 28, 2020

28) that showed a rebound in pent-up demand, with volumes up quarter over quarter. Management also said on the earnings call that restaurant spending is nearing levels last seen in 2019. Overall, CNP transactions were up 33 percent in the period, indicating that consumers are forming new habits. billion transactions.

Volume 80

Volume Cross-Border Consumer Visa 80

PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. Debt from the previous holiday shopping season has made these younger consumers credit-shy, but it has not limited their appetite for holiday spending.

BNPL 87

BNPL Alternative Payment Methods Payments Credit Cards 87

PYMNTS

MAY 20, 2020

Discussions are taking place with Connecticut-based L Catterton, which was a key player in Tonal’s $45 million venture capital funding round in 2019. He added that the company’s mission is to “create the first truly personalized fitness concept by delivering smart on-demand video guidance, actionable data and real-time feedback.”.

On-Demand 93

On-Demand Shutdown AI Continuity 93

Finovate

SEPTEMBER 20, 2024

In our extended conversation, we discussed TBC’s goals in Uzbekistan, nature of banking in Central Asia, what key financial services are in the most demand, as well as how enabling technologies are helping financial institutions in the region better serve their customers. This supports demand for modern digital financial services.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech Finance

DECEMBER 17, 2024

The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers. Increasingly drawn to international travel, luxury purchases, and digital transactions, Vietnamese consumers are part of a strong trend towards experiential consumption. Vietnams stable inflation and projected GDP growth of 6.1%

Payments Trends 84

Payments Trends Cross-Border AI Payments 84

PYMNTS

APRIL 17, 2020

COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019, underscoring the increased reliance on digital commerce now that retail stores are closed until the pandemic recedes. percent to 72.1 percent during the last year.

On-Demand 85

On-Demand Research Consumer Payments 85

PYMNTS

JANUARY 22, 2021

Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”. In 2019, MoneyGram was the first company in the industry to enable cross-border transfers from the U.S. using Visa Direct. MoneyGram is in favor of a proposal by U.S.

P2P 107

P2P Cross-Border Real Time Payments Cross-Border Payments 107

PYMNTS

DECEMBER 16, 2020

This growth has come with its share of challenges, however, especially as providers aim to keep their services functioning smoothly while demand increases — sometimes exponentially. Experts expect this trend to continue even after the health crisis ends, as SaaS medical apps make it easier for consumers to engage in remote healthcare.

Consumer 74

Consumer On-Demand Origination Privacy 74

PYMNTS

JANUARY 8, 2021

But for all the challenges thrown up by 2020, the surge of consumers online has forced merchants to raise the level of their digital checkout game, according to the latest edition of the PYMNTS Checkout Conversion Index. The year 2020 saw the overall index score rise by 2.2 percent for online and 1.4 percent), however.

On-Demand 104

On-Demand Consumer BNPL Innovation 104

PYMNTS

JULY 1, 2020

The pandemic is likely to hit demand for luxury goods hard, with tourism expected to be in a downturn for some time and the Chinese economy having slowed after driving substantial growth in recent years. billion compared to 2019. billion in 2019. billion in 2019. percent this year, a fall of $2.1

Continuity 98

Continuity On-Demand Economy Consumer 98

PYMNTS

SEPTEMBER 17, 2020

billion in 2019 feeding and caring for their pets. According to Packaged Facts , as cited in Pet Product News, eCommerce was the fastest growth channel for pet product sales in 2019, surging 24 percent to $12.2 Earlier in the year we experienced a roller coaster as consumers stocked up and then sheltered at home,” says MacDonald.

On-Demand 95

On-Demand Product Consumer Innovation 95

Fintech News

JANUARY 24, 2024

The criterion for inclusion was stringent: fintech startups had to exhibit a substantial revenue increase from a minimum of S$150,000 in 2019 to at least S$1.5 With S$1,198,972 in 2019 revenue rising to S$3,377,749 in 2022, Spark Systems experienced a 41% CAGR over the period. million by 2022.

FinTech 105

FinTech Payment APIs and Integration On-Demand Innovation 105

PYMNTS

NOVEMBER 12, 2020

Amazon launched its Key In-Garage Delivery service in early 2019 in an effort to thwart package theft by so-called “porch pirates.”. A PYMNTS study of a census-balanced sample of 2,165 consumers conducted Oct. consumers reported having a Walmart+ membership, just a bit more than a month after its launch.

NOV 105

NOV Volume On-Demand Consumer 105

PYMNTS

SEPTEMBER 29, 2020

Target’s event, first reported by the Minneapolis Star Tribune, will feature “digital deals on thousands of items, more than double what the retailer offered last year, as it adjusts to the surge of consumers who have shifted to shopping online during the coronavirus pandemic. Target announced on Monday (Sept. On Monday (Sept.

On-Demand 104

On-Demand Adjustments Volume Continuity 104

PYMNTS

NOVEMBER 20, 2020

Whatever their reasons, the ranks of mobile banking consumers are expanding. FIs and their clients and partners need to understand the mindset of both old-hands and newly-minted mobile banking users to get ahead of the innovation they’re already demanding. Consumers are 8.7 consumers — 48.9 Consumers are 46.1

Mobile Banking 94

Mobile Banking Authentication Credit Union Accounts 94

PYMNTS

AUGUST 14, 2020

Juliet Anammah , chairwoman and head of institutional affairs at Jumia, previously told PYMNTS those tailwinds have started blowing stronger during the past few months as the global public health crisis has increased the volume on demand for digital payments, eCommerce and new series of transaction experiences throughout Africa.

Volume 101

Volume On-Demand Digital Payments Addressing 101

Fintech Finance

OCTOBER 9, 2024

Founded in 2019 and based in Lima, Peru, B89 is at the forefront of digital banking, offering transparent, fair, and secure financial services through fully digital experiences. The post MeaWallet and B89 Join Forces to Enhance Digital Payments with Advanced Tokenization appeared first on FF News | Fintech Finance.

Digital Payments 96

Digital Payments Push-to-Card Cross-Border Payments 96

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. This has been a big focus for the business in response to strong market demand for consumer loans in China.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. According to the report, more than 50 percent of consumers said “convenience” was defined by contactless shopping, on-demand fulfillment and inventory availability.

On-Demand 92

On-Demand Consumer Volume Accounts 92

Faster Payments Council

JUNE 28, 2021

Today's consumers want fast, easy, digital transactions. It is now what they are accustomed to with the seamless and easy nature of services such as Airbnb, and what they demand, given the safety concerns brought on by the pandemic. billion by 2024 – cross-border faster payments is an area that still needs some work.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

PYMNTS

NOVEMBER 13, 2020

The company said in its filing that it has 18 million consumers, 390,000 merchants and one million “Dashers” in its ecosystem. This speaks to the strength of a platform model, where bringing supply and demand together – and having the infrastructure in place to get supply where it needs to go – can be flexible enough to expand horizontally.

On-Demand 97

On-Demand NOV Consumer Continuity 97

PYMNTS

JULY 22, 2020

Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

APACS 104

APACS On-Demand Automation Innovation 104

PYMNTS

OCTOBER 11, 2020

While this in part can be attributed to ongoing supply-side interruptions, the speed of the recovery is also held back by a lack of buoyancy in demand conditions. percent below the same figure at the end of 2019, he said, and "economic activity is foreseen to return to pre-pandemic levels only towards the end of 2022.".

Central Bank 96

Central Bank Assessments Consulting On-Demand 96

PYMNTS

MARCH 10, 2020

In an interview with PYMNTS, Matt Wilcox, senior vice president of payments innovation at Fiserv , said recent data points show that an increasing number of financial institutions (FIs) are determined to satisfy a real demand for real-time transactions. Building Trust .

P2P 92

P2P Real Time Payments Zelle Credit Union 92

PYMNTS

AUGUST 10, 2020

Consumer demand for real-time payments is the most popular, with 77 percent of institutions citing this as a primary factor. Customers Demand Faster And More Convenient Payments. One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it.

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

SEPTEMBER 4, 2020

But even though consumers aren’t thinking about holiday shopping yet, many merchants are, Peggy Alford , PayPal ’s executive vice president of global sales, told Karen Webster in a recent discussion. For example, the cart-abandonment rate was 82 percent on 2019’s Black Friday, the key shopping date that occurs the day after Thanksgiving.

PayPal 97

PayPal Consumer On-Demand Transactions 97

PYMNTS

DECEMBER 31, 2020

While that’s just a small example at a regional grocery chain, it does point to the fact that the world of eating might never quite be the same because consumer tastes have migrated fairly dramatically. We all still like pizza and wings, but as a group, consumers are considering where they’ll order them from quite a bit more widely.

Returns 94

Returns Consumer On-Demand PayPal 94