PYMNTS

JULY 26, 2020

of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. UPI was established by the central bank and is owned by a group of local lenders. billion, bringing bank accounts to hundreds of millions of residents for the first time.

Volume 123

Volume Transactions Digital Payments Online and Mobile Banking 123

PYMNTS

JUNE 10, 2020

In the latest Gig Economy Tracker® , PYMNTS analyzes the ways in which the pandemic has impacted the freelance economy, and how expectations both for creating new relationships for identity verification processes and for payments has changed as a result. Around The Gig Economy Payments World.

Economy 56

Economy Verification Online and Mobile Banking Payments 56

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

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

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. It also analyzes how the pandemic is affecting the future of open banking in. the region.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

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 entered the Nigerian market in June of 2019. He said the bulk of drivers were hit by that ban months ago, before the pandemic.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Government 79

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

DECEMBER 11, 2019

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment.

Cross-Border 57

Cross-Border Credential Online and Mobile Banking Push-to-Card 57

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit.

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 38 million active digital banking users, along with 28.7

Zelle 46

Zelle Online and Mobile Banking Debit Card P2P 46

PYMNTS

OCTOBER 21, 2020

Some 23 million consumers are using voice assistants to make purchases — a 42 percent increase from this time in 2018 and a 10 percent jump since 2019. percent also reported having bought retail goods online in the last 24 hours. The “how” is shifting as well. percent said they’d made a voice-assisted purchase with the past day.

Economy 60

Economy Online and Mobile Banking Consumer Non-Bank 60

PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. trillion from the worldwide economy.

Online and Mobile Banking 49

Online and Mobile Banking Cross-Border Federal Trade Commission Fraud Prevention 49

PYMNTS

SEPTEMBER 26, 2016

The newspaper cited Ripple’s use of blockchain technology and the ability of two small banks, one in Canada and one in Germany, to complete cross-border online transactions in record time as an example of the latest banking innovations. While most international bank transfers take days to complete, this took just 20 seconds.

Regulations 72

Regulations FinTech Online and Mobile Banking Third-Party Service Provider 72

PYMNTS

OCTOBER 1, 2020

More than 40 percent of United States businesses received at least some of their invoices in 2019 via a form of communication that many younger generations may have trouble identifying, let alone using: fax. The Commonwealth Bank of Australia has launched a service that seeks to bring these unique types of disbursements into the digital age.

Online and Mobile Banking 67

Online and Mobile Banking Payments Small Business Volume 67

PYMNTS

NOVEMBER 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Bank Branch Closings Take Toll On Rural Communities. Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019. Lessons From Airbnb On Solving The Sharing Economy Trust Issue.

Online and Mobile Banking 52

Online and Mobile Banking Federal Reserve Push-to-Card NOV 52

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

Online and Mobile Banking 52

Online and Mobile Banking Underserved Financial Literacy Authorization 52

PYMNTS

JUNE 3, 2020

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. According to eMarketer, eCommerce made up about 4 percent of the total spent last year in Latin America, due mostly to its cash-heavy economy.

Online and Mobile Banking 99

Online and Mobile Banking Cross-Border Debit Card Cross-Border Payments 99

The Fintech Times

JULY 16, 2024

Allied Payment Network , a provider of real-time, open-network payments solutions to banks and credit unions, adds Hank Vanjaria as its new chief financial officer. Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.

FinTech 52

FinTech Online and Mobile Banking Non-Bank Payment Gateways 52

PYMNTS

AUGUST 15, 2019

Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999.

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

PYMNTS

JANUARY 14, 2019

In an interview with PYMNTs’ Karen Webster, Saqib Nazir, managing director of Africa at Emergent Technology delved into the ways the payments landscape across Africa is ripe for digital and mobile conduits, and a “cash light” mentality that focuses on the needs and desires of a burgeoning and youthful population. billion people.

Online and Mobile Banking 85

Online and Mobile Banking Economy Accounts Transactions 85

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston. A report by Juniper Research predicts that by 2024, there will be 4.6

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

JANUARY 6, 2020

The European Union’s revised Payment Services Directive (PSD2) is tightening its grip on international finance as open banking initiatives continue to crop up in countries where the legislation. Turkish banks and businesses may be familiar with the broad strokes of PSD2, but its impact may be somewhat different.

Payment APIs and Integration 52

Payment APIs and Integration Regulations API Rules 52

PYMNTS

JUNE 17, 2019

Open banking is nothing if not a lot of moving parts and complications. In a discussion with Karen Webster, Samuel-Ogbu talked about the role of API aggregation and how incentives can help to ignite open banking, one of the main efforts now taking place in the world of payments and commerce. Bank Threat.

API 78

API Online and Mobile Banking Authentication On-Demand 78

PYMNTS

JANUARY 7, 2019

It also provides another sign that that cash is, generally at least, slowly losing its dominance as a payment method in all types of economies. But while alternative payment methods are certainly on the upswing in 2019, there are significant hurdles that promise to impede their progress in the developing world and elsewhere.

Alternative Payment Methods 76

Alternative Payment Methods Online and Mobile Banking Payments eWallet 76

PYMNTS

JUNE 4, 2019

The rise of the digital economy has resulted in growing concerns about identification, not the least of which is making sure that people who try to open financial accounts, or complete a variety of online or mobile transactions, are who they say they are. In fact, more than 95 percent of people in the U.S. possess phone numbers.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

JUNE 10, 2019

The role of trust in the digital economy has become more visible and important, and it’s pretty much a given that few online or mobile-focused companies will scale and succeed without winning the trust of consumers and other participants in their specific ecosystems. The Role Of Trust.

Online and Mobile Banking 66

Online and Mobile Banking Authentication Data Breach Credential 66

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent made purchases via mobile in the last 24 hours. 31 percent bank via app. percent of consumers who did so in 2019 — an increase of 27.4

Innovation 111

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

PYMNTS

JANUARY 13, 2021

For the economy as a whole, he said, “it’s possible [to] get a boom. The Fed itself has kept rates at or near historic lows for quite some time; and for now, inflation is well below the 2 percent target that has traditionally been cited by the central bank. percent rise in 2019 and bringing the 10-year average to 1.7

Fed 67

Fed On-Demand Online and Mobile Banking Economy 67

Fintech News

FEBRUARY 20, 2024

With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region. billion to US$15 billion during the period.

FinTech 119

FinTech Payment APIs and Integration Online and Mobile Banking Security 119

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). The FinTech has raised $73 million to date to expand its digital banking offerings. and Japanese banks Mizuho Financial Group Inc.,

FinTech 80

FinTech Online and Mobile Banking ATM Participant 80

PYMNTS

DECEMBER 10, 2020

Eight months have passed since businesses began a mass transition to remote working, but the effects of these moves are still rippling throughout the economy. Adapting To A Mobile, Contactless Normal . Office spaces closed and the employees who once occupied them headed home, where many have remained since. .

B2B 77

B2B Online and Mobile Banking Payments Contactless Payments 77

PYMNTS

JANUARY 14, 2021

As of mid-2020, Walgreens has focused on its loyalty program, online capabilities and overall customer experience. merchants and acceptance, told PYMNTS that the relationship would continue Walgreen’s progress into the digital-first economy. Finicity bills itself as an open banking platform.

Addressing 69

Addressing Visa Online and Mobile Banking Payments 69

PYMNTS

DECEMBER 18, 2019

Fifty-one percent of consumers surveyed in the PYMNTS Disbursement Satisfaction Report would like to receive disbursements through instant payments, and yet, not all of these customers received such payments in 2019. and the gig economy as well, including China. Disbursements are expanding in several other markets outside of the U.S.

Checks 53

Checks Laws Legal Automation 53

PYMNTS

AUGUST 3, 2020

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. On-Demand Pay And The Gig Economy . Numerous economic, social and technological trends are rendering this system more outdated, however.

On-Demand 84

On-Demand Payments Payroll Economy 84

PYMNTS

FEBRUARY 21, 2020

Homesharing has been a part of the gig and sharing economies for nearly a decade, and consumers and homeowners alike are now asking such platforms for personalized support. Renters and homeowners may prefer different currencies or payment methods, like mobile wallets or wire transfers, for example. The other key factor is security.

Wire Transfer 90

Wire Transfer Economy Online and Mobile Banking Security 90

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

MAY 25, 2020

And it may seem that we’ve always done what we’ve needed to do online — work from home, learn from home, and of course, bank and shop from home. Now it certainly is the case that we’ve needed to go online to shop when brick-and-mortar avenues simply were, and are, no longer an option. Census Data. Census Data. billion of the 7.3

Online and Mobile Banking 69

Online and Mobile Banking Consumer Continuity Innovation 69