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The Year In Data: Measuring 2020’s Payments Innovation

PYMNTS

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. Key Data Points: 46 percent of SMBs experienced an increase in demand for their products or services. percent made purchases via mobile in the last 24 hours.

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On-demand pay app Branch raises $75M from Lee Fixel’s Addition. Branch competitors in the hyper-competitive instant workforce payments market include SteadyPay, Even, Wagestream, Instant Financial, Gig Wage, Panther, DailyPay, and PayActiv.

CB Insights

Branch , an on-demand pay app, has raised $75M in a Series C. The global fintech unicorn count hit 235 in 2021 — up 108% from 2020. The post On-demand pay app Branch raises $75M from Lee Fixel’s Addition. appeared first on CB Insights Research. Download the report to learn more.</p>

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Mortgage Tech Funding Rebounds After A Slow 2020

CB Insights

The rising demand for homeownership led to record-high home loan and refinancing applications throughout the year, incentivizing several mortgage lenders to file for IPOs. The post Mortgage Tech Funding Rebounds After A Slow 2020 appeared first on CB Insights Research. Where Top US Banks Are Betting On Fintech.

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The Long Term Impact of COVID on the Payments Market

Clearly Payments

in 2020, reaching $4.28 Contactless Adoption : A study by Juniper Research indicated that global contactless transaction values reached $2.5 trillion in 2021, a 25% increase from 2020. Mobile Wallet Usage : The use of mobile wallets, such as Apple Pay, Google Pay, and Samsung Pay , saw a 29% increase globally in 2020.

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5 Early Indicators Your Embedded Analytics Will Fail

Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".

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Delicacies On-Demand

PYMNTS

According to research from Statista , 86 percent of Americans still shop solely at brick-and-mortar grocery stores, and the industry accounted for just 2 percent of the more than $341 billion spent online last year. Census, consumers in the U.S. percent from the year’s opening quarter. More products, more problems. About The Tracker.

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Employee Financial Wellness Startups Saw A Funding Boom In 2020

CB Insights

The Covid-19 pandemic has refocused attention on personal money management and stoked broad-based demand for financial education and planning tools. The post Employee Financial Wellness Startups Saw A Funding Boom In 2020 appeared first on CB Insights Research. Where Top US Banks Are Betting On Fintech. Want the full post?