Fintech News

JANUARY 21, 2025

This performance, shared in the SE Asia Tech M&A Review June 2024 report by DealStreetAsia, reflects the sectors resilience and continuous innovation. Volume of tech M&A deals in Southeast Asia, Source: DealStreetAsia, Data Vantage, Jun 2024 This sharp decline was largely driven by a drop in domestic transactions.

FinTech 116

FinTech Volume Transactions Acquirers 116

PYMNTS

AUGUST 22, 2019

22) that showed double-digit percentage gains in volumes, driven by online commerce and increased traction among mid-market firms doing business and taking payments across the globe. Continuing a trend seen in past quarters, volume churn was less than 1 percent, said management. million euros. million euros.

Volume 66

Volume Process Processors Cross-Border 66

The Fintech Times

MAY 26, 2024

In September 2019, Konsentus started reporting on the number of regulated open banking third parties in the European Economic Area (EEA). Konsentus’ data reveals that in September 2019, 34 per cent of the total number of EEA TPPs could passport their open banking services to other EEA markets.

Cross-Border 129

Cross-Border Non-Bank Regulations Payments 129

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

DECEMBER 4, 2020

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. That helped offset a 12 percent drop in payment authorizations at physical stores as people continue to largely lock down amid the coronavirus pandemic. “As with 2019 transaction volume exceeding $1.5

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

The Fintech Times

NOVEMBER 6, 2024

Pix has established itself as one of the leading digital payment methods across the globe, and to ensure more countries continue to accept the payment method, Peruvian fintech, B89 has partnered with PagBrasil , the cross-border solutions developer for Pix.

Cross-Border 64

Cross-Border Central Bank Transactions Instant Payments 64

The Fintech Times

FEBRUARY 19, 2025

Wealth city Demonstrating the depth of the ecosystem, DIFCs clients now include 27 of the worlds 29 global systemically important banks, eight of the 10 pre-eminent global money managers, five of the highest-ranked insurance brokers, and five of the top 10 interdealer brokers by volume.

AI 75

AI FinTech Laws Authorization 75

PYMNTS

JANUARY 23, 2020

Discover Financial Services posted fourth-quarter results that topped earnings expectations on the heels of loan growth and payments volume. The company said in supplemental materials filed alongside its earnings report that payment services volume was $66 billion, up 9 percent versus the prior year.

Volume 52

Volume Payments Returns Consumer 52

PYMNTS

JANUARY 29, 2020

Management expressed confidence about continued uptake of new payment flows such as with instant payments, and contactless payments in card-present situations. Supplemental materials from the company show that gross dollar volumes were up 12 percent year on year to $1.7 billion in the fourth quarter of 2019.

Volume 53

Volume Cross-Border Visa B2C 53

PYMNTS

JANUARY 14, 2021

percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Payments credit union service organization (CUSO) PSCU reported 11.4 The two weeks leading up to Thanksgiving, which spanned from Nov.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

FEBRUARY 26, 2020

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Adjustments 52

Adjustments Non-Bank Volume Continuity 52

FICO

JANUARY 25, 2019

Synthesising insights from a large number of sources allows the pricing teams to quickly tweak their strategy to market trends, continue to meet internal KPIs and deliver the right price to the right customer, at the right time. Understanding the volume/margin trade-off is vital when responding to changes in regulatory caps.

Caps 74

Caps Returns Governance Government 74

Finovate

DECEMBER 9, 2024

billion (5 billion) in transaction volume. “By taking the first steps towards creating a standalone entity, were giving our enterprise payments division the agility and resources it needs to thrive while also allowing our retail banking arm to continue its successful trajectory.”

Payments 52

Payments Debit Card BNPL Innovation 52

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. Financial inclusion and access to credit continue to be a hurdle for businesses especially SMEs and individuals in Nigeria. Great question.

FinTech 59

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

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. The company also saw continued growth in its Shell and Chevron business, and a higher-than-expected contribution from the U.S. healthcare payments business over the past year.

B2B 60

B2B Volume Caps Transactions 60

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

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

PYMNTS

AUGUST 21, 2020

And though 2019 was, well, not all that long ago, it seems like a million years ago. More recently, the executive said on Fox Business News that a return to previous travel volumes would hinge on a vaccine. I don’t think we’ll ever get back entirely to where we were in 2019 on the volume of business traffic.”.

Returns 116

Returns Volume On-Demand Continuity 116

PYMNTS

APRIL 6, 2020

Yet, consumers continue to overwhelmingly prefer physical transactions over contactless methods. percent reported in 2019. In fact, Apple Pay’s usage rate declined modestly from 2019 and to an even greater extent from late 2017, when it peaked at 6.9 Usage of Walmart Pay declined to an even greater degree since 2019, from 4.5

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

Fintech News

JUNE 25, 2024

However, as the company’s user base skyrocketed and transaction volumes soared, it became evident that a robust and scalable technological foundation was crucial to sustain this meteoric rise. Zikry revealed that their initial setup using MySQL-like databases struggled to cope with the escalating transaction volumes during peak events.

Database 126

Database Volume On-Demand Disaster Recovery 126

PYMNTS

AUGUST 6, 2020

Sales began to rebound from the pandemic’s economic effects in late April, the company said in the letter, and continued to improve through the quarter with around 40 percent more year over year. “We are currently seeing more demand for our offering than we’ve ever seen in our history,” the company said in the letter.

Posting 61

Posting Volume Product Continuity 61

PYMNTS

JUNE 29, 2020

Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research.

Payments 102

Payments B2B Volume Adjustments 102

Fintech Finance

NOVEMBER 11, 2024

This new collaboration marks the continuation of a long-standing strategic partnership between the two companies and aims to digitize and optimize payment flows between travel agencies and the various suppliers associated with travel bookings. billion recorded in 2019.

Visa 98

Visa B2B Cross-Border Payments Cross-Border 98

PYMNTS

JANUARY 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86 In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

PYMNTS

JULY 28, 2020

For the current year, IATA’s forecasters see a decline in revenue passenger kilometers of 55 percent compared with 2019. Forecasters attributed their gloomier forecast to continued spread of the virus in the U.S. June 2020 traffic was off 86.5 percent compared with a year ago. May 2020 traffic was even worse, off 91 percent.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

JULY 30, 2020

billion for Q2 2019. billion in second-quarter 2019. On the earnings call, Chief Financial Officer Brian Olsavsky pointed out that Q2 2020’s numbers topped Q4 2019 and that Q3 would be even bigger. “As As a reminder, Q4 is typically our largest volume quarter for the retail business. billion compared with $36.0

On-Demand 95

On-Demand Volume Continuity Posting 95

PYMNTS

APRIL 13, 2020

The last time we had earnings season, stretching from mid-January into the end of February, banks pointed to the continued strength of the U.S. The company said volume was $2 billion from the credit card lending tied to the launch of the Apple Card. consumer, where spending was strong across cards, where auto loans remained resilient.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

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.

On-Demand 101

On-Demand Volume Digital Payments Addressing 101

Fintech Finance

MARCH 3, 2025

Ramp has saved customers $2 billion and 20 million hours to date, and now powers over $55 billion in annualized payment volume across card transactions and bill payments, up from $10 billion in January 2023. Financial Momentum Executed over $55 billion in annualized payment volume across card transactions and bill payments.

AI 52

AI Automation Treasury Product 52

PYMNTS

SEPTEMBER 9, 2019

The eCommerce brand Shopify is expected to pass eBay and become the second largest platform in the world in terms of sales volume behind Amazon , according to a report by CNBC. 9) that if it continues on its current course, Shopify will surely pass eBay. Its total merchant sales volume went up to $13.8

Volume 69

Volume Caps Research Continuity 69

PYMNTS

OCTOBER 7, 2020

In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 The pandemic has accelerated everything about the digital-first economy, and it’s not too far beyond the pale to think that these trends will continue at least on the same trajectory. Which leads to the second issue: trend lines. On the flip side, 20.4

Volume 96

Volume Consumer Research Returns 96

PYMNTS

AUGUST 5, 2020

Cash App launched bitcoin deposits in June 2019. million in revenue in the first quarter of 2019. The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. “We As we look toward the second half of the year, we continue to see opportunities to invest in our business for the long term.”.

Cryptocurrency 91

Cryptocurrency Bitcoin Direct Deposit Addressing 91

FICO

MARCH 14, 2023

To address this disconnect and truly operationalize AI, guardrails must be in place such that the overall Corpus AI continues to perform while components change. The trick is how to select the solution that minimizes behavior impedance mismatches across the dataset, so rules continue to be effective.

AI 52

AI Continuity Rules CHIPS 52

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

Clearly Payments

OCTOBER 3, 2024

Total Credit Card Payments Amount in the USA by Year Year Credit Card Purchase Volume in USA (USD Trillions) 2013 $2.5 trillion 2019 $4 trillion 2020 $3.8 Transaction Volume : Electronic payments processed through these terminals exceed $8 trillion annually. trillion in 2023. trillion 2014 $2.7 trillion 2015 $2.9

Credit Cards 105

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 105

PYMNTS

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76