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Riding the Wave: Asia Payments Trends Show Digital Payments on the Rise

Fintech News

This trend is persisting beyond the pandemic, solidifying digital payments’ position as the preferred mode of transaction in the post-COVID era. Trends impacting the Asian payments ecosystem Asia is witnessing a significant transformation, mainly driven by the Instant Payment trend. million users.

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3 Payments Trends to Watch in 2021

Payments Dive

While COVID-19 has certainly had an impact on every industry, certain trends that began in 2019 continued to develop in 2020, and some of them may even blossom fully in 2021. As 2021 rapidly approaches, many of us are hoping for better days after the whirlwind year of 2020.

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5 Top Payment Trends Impacting Asia in 2024

Fintech News

The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted. billion by 2033, with a CAGR of 12.2%.

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UK Credit Market Report June 2021: Spending Tops 2019 Level

FICO

Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. Spend on UK cards continued to increase, along with the percentage of payments. . . Mixed picture on payments. Missed payment rates remain low.

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New Mobile Healthcare Efforts Point To Wider Payment Trends

PYMNTS

According to one estimate, worldwide shipments of wearable devices will reach 225 million in 2019 (not all of those devices are solely focused on health and fitness). In addition, end user spending on wearable devices is expected to reach $42 billion in 2019, with $16.2 billion of that amount on smartwatches. As the U.S.

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UK Card Trends: Pandemic Savings Mask Picture of Debt

FICO

Balances for card holders missing two payments are £215 or 9.5 percent higher than July 2019. . . However, there is also a trend amongst those consumers who are able to make payments, to increase the percentage of payment to total balance. Cash usage continues to slowly grow. In July it increased 5.7

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A Study on Contactless Payments by Country

Clearly Payments

Contactless payments market has been growing quickly. As digital infrastructure continues to advance, the ease and speed of contactless transactions are becoming increasingly attractive to consumers and businesses. billion in 2023, reflecting widespread adoption of contactless cards and mobile payments. billion in 2018 to 18.3