Tearsheet

JULY 18, 2024

What specific pain points were you aiming to address for consumers in the subscription economy? Visa made merchants get consent after free trials in 2020 – how does Subscription Manager build on that for an improved end-to-end experience? What drove the decision to create Subscription Manager?

Economy 98

Economy Digital Payments Payment APIs and Integration Payments 98

PYMNTS

NOVEMBER 26, 2020

Something to bear in mind in 2020, when, as was the case in 1939 when Thanksgiving got its last major revision by presidential order, Americans are celebrating the holiday facing a national crisis, deep economic uncertainty and preparing to celebrate their holiday very differently and far more digitally than they ever have before.

On-Demand 107

On-Demand Consumer NOV Continuity 107

PYMNTS

DECEMBER 16, 2020

Small and medium-sized businesses (SMBs) have unfortunately found themselves at or near the top of COVID-19’s 2020 hit list. Main Street SMBs across the board are fairly optimistic about the return to normal in the economy – largely premised, it seems, on the recent news of vaccine development.

On-Demand 112

On-Demand Shutdown Returns Economy 112

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 of consumers bought groceries online in 2020, compared to the 18.6 percent made purchases via mobile in the last 24 hours. 31 percent bank via app.

Innovation 111

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

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Not all doom and gloom: fintech is on the horizon Despite the outbreak of the pandemic, in 2020 the Central Bank of Sri Lanka (CBSL) launched its regulatory sandbox in an effort to boost its fintech sector and innovation.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

Payments Source

OCTOBER 1, 2020

The ongoing pandemic and economic crisis should accelerate the adoption of payments as a service, APIs and open banking, says AFEX Americas' Christian Spaltenstein.

API 147

API Payments Economy Process 147

PYMNTS

JANUARY 11, 2021

economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico's central bank. December 2020 data does not appear to be available. In just one month — July 2020 — people in the U.S. According to WSJ, remittances also appear to be up for 2020 compared to 2019 in Guatemala, El Salvador and Honduras.

Cross-Border 125

Cross-Border Funds Transfer Central Bank Economy 125

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

JANUARY 17, 2021

According to preliminary 2020 World Bank data , Bangladesh is ranked ninth among the countries for which data is available — the list includes almost all large economies — in the amount of remittance inflows annually. The estimated 2020 figure is $19.76 Malaysia falls 73rd on the list, with inflow of $1.4 billion. “We

eWallet 143

eWallet Non-Bank Economy Blockchain 143

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. In the payments industry, they’re known as remittances.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

JUNE 30, 2020

But bit by bit, economies are reopening and taking tentative steps toward normalcy. The pandemic may be here for a while. The “new normal,” however, for firms across any industry — but especially across the payments and commerce spheres — must include a “digital-first” mindset.

End User 107

End User On-Demand Commercial Card Instant Payments 107

PYMNTS

DECEMBER 8, 2020

Because while four or five years ago millennials looked like a generation holding back from homeownership, either due to preference or financial constraint, as 2020 comes to a close the situation has changed markedly. By 1960 it had grown to $500 billion, making the United States the world’s largest economy by far.

Economy 141

Economy Returns Consumer On-Demand 141

The Fintech Times

SEPTEMBER 16, 2024

Brunei Darussalam, more commonly known as Brunei, has transformed its economy for the better following the discovery of oil and gas in 1929. However, as the world starts to turn away from fossil fuels, the country is starting to diversify its economy: we explore fintech’s role in Brunei’s new economic plan.

Economy 59

Economy Central Bank Non-Bank FinTech 59

PYMNTS

JULY 7, 2020

“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” . While some businesses are looking to source goods and materials closer to home, in most cases the efficiency, diversity and effectiveness of the globalized economy has never been more important.

Innovation 110

Innovation Non-Bank Economy Treasury 110

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 120

Financial Inclusion Innovation Payments NOV 120

PYMNTS

JANUARY 7, 2021

Given the popularity of these apps during the financial freefall that was 2020, we’re not surprised to find things much as we left them last month as we turn to PYMNTS’ latest Provider Ranking of Gig Economy Apps. 4, after reporting that spend per buyer was up 20 percent to $195 in 2020. It’s a rich ecosystem. The Top Five.

Ubiquitous 96

Ubiquitous On-Demand Economy 96

PYMNTS

DECEMBER 30, 2020

In addition, we wanted to know how these companies and executives were planning for a new era when businesses and the economy start to bounce back. As one executive writing for this project put it, 2020 represented “innovation under adversity.”. Lest anyone think the responses were predictable and safe, think again.

Push-to-Card 101

Push-to-Card Payments Economy API 101

PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” I’ve said it forever and I’m going to keep saying it, because I believe it’s truer at the end of 2020 than it’s ever been. Among the things she is most proud of in 2020, Turner said, is the expansion of faster payments.

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

PYMNTS

APRIL 14, 2020

In the latest Gig Economy Tracker , PYMNTS analyzes the way the freelance industry is responding to COVID-19, and how the pandemic could potentially change the future of the gig economy as questions surrounding freelancer benefits, payments and healthcare continue to arise during its spread. Around The Gig Economy Payments World.

Economy 114

Economy Regulations On-Demand Risk 114

PYMNTS

JULY 8, 2020

According to Tencent’s 2020 Pandemic and the QR Code Economy Report , released in May, “In the first quarter, the WeChat QR code economy increased by 25.86 During the pandemic period (including data from 2020 Jan. During the pandemic period (including data from 2020 Jan.

Posting 117

Posting Point-of-Sale (POS) Contactless Payments PayPal 117

Fintech Finance

JULY 11, 2024

The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. Since launching in 2020, around two-thirds of the Brazilian population has used Pix to make and receive payments. The post OpenPayd Launches Pix Instant Payments appeared first on Fintech Finance.

Instant Payments 98

Instant Payments Embedded Finance Real Time Payments Payments 98

The Fintech Times

SEPTEMBER 22, 2024

per cent CAGR between 2020 and 2024. Amnah Ajmal , executive vice president of EEMEA at Mastercard, also added: “We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere. We will enable the merchants to grow and contribute to the Kenyan economy.”

Visa 110

Visa Cross-Border Payment Solutions Economy 110

PYMNTS

SEPTEMBER 17, 2020

Tencent’s 2020 Pandemic and the QR Code Economy Report , released in May, reported that QR code usage had increased 25 percent from the previous year, with over 140 billion instances of usage from governments, businesses and individuals. companies like Walmart and Walgreens, in addition to Apple utilizing them for Apple Pay.

Debit Card 130

Debit Card Mobile Payments Returns Economy 130

Fintech Finance

SEPTEMBER 20, 2024

CAGR between 2020 and 2024. We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere. We will enable the merchants to grow and contribute to the Kenyan economy,” said Amnah Ajmal, Executive Vice President, EEMEA, Mastercard.

Visa 96

Visa Cross-Border Financial Inclusion Payments 96

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. in 2020, reaching $4.28 Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. billion in 2022, up from $7.5

Cross-Border 93

Cross-Border Processors Multi-Currency Contactless Payments 93

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

Database 122

Database Economy On-Demand Innovation 122

PYMNTS

DECEMBER 30, 2020

Department stores are struggling in a digital-first economy, while forward-thinking retailers are looking at the returns process as an opportunity to create a positive customer experience. 13% : Rough share of merchandise sold during the 2020 holiday season that is expected to be returned.

RTP 104

RTP Returns Real Time Payments Instant Payments 104

PYMNTS

SEPTEMBER 1, 2020

The BIS found that decline is even more pronounced in emerging-market economies and smaller island nations. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. A Reduction In The Number Of Corridors .

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

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. The country has diverse needs.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

Fintech News

JUNE 26, 2024

MUFG has been actively expanding its commercial banking presence in the Asia-Pacific region, which is considered its second home market, investing in various digital startups and tech firms since 2020. Notable investments include Grab, Home Credit, Akulaku, the establishment of the Garuda Fund, and DMI Finance.

Financial Inclusion 122

Financial Inclusion Economy FinTech Digital Payments 122

PYMNTS

DECEMBER 28, 2020

Instant payments, he said, aren’t the genuine article unless all three are available — and he predicts that 2021 will be the year that the entire economy starts to adopt them. The year 2020 has only accelerated that, Edwards said. “And at the end of the year, the data says everybody wants three things: certainty, speed and choice.”.

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

Fintech News

OCTOBER 28, 2024

With payment failures costing the global economy an estimated US$118.5 billion in 2020—often due to outdated, error-prone verification methods—Nium Verify offers a solution through direct integration with clearing systems and major banks within each country.

Cross-Border 93

Cross-Border Payment APIs and Integration Cross-Border Payments Verification 93

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

Fintech News

DECEMBER 2, 2024

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows.

Financial Inclusion 113

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 113

The Fintech Times

SEPTEMBER 27, 2024

Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

Fintech News

OCTOBER 1, 2024

Islamic finance assets growth 2012-2019 (US$ billion), Source: ICD-REFINITIV-Islamic Finance Development Report 2020, 2020 Malaysia and Indonesia as top Islamic banking hubs in Southeast Asia In Southeast Asia, Malaysia and Indonesia have emerged as key Islamic banking hubs.

Treasury 120

Treasury AI Finance Laws 120

Fintech Finance

OCTOBER 28, 2024

Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Neil Richards, General Manager Business Funding at Dojo, comments: “Dojo’s partnership with YouLend has enabled Dojo to help SMEs thrive in the experience economy.

Embedded Finance 105

Embedded Finance Finance FinTech On-Demand 105