Fintech News

AUGUST 26, 2024

In 2023, the insurtech sector in Southeast Asia saw a remarkable resurgence, marking a significant rebound not witnessed since 2020. billion and 32 transactions recorded in 2020. Millennial and gen Z individuals are seeking products tailored to their on-demand lifestyle. billion and Bolttech’s US$246 million Series B round.

On-Demand 143

On-Demand Product Transactions Adjustments 143

Clearly Payments

OCTOBER 7, 2024

in 2020, reaching $4.28 This shift has placed immense pressure on payment processors to innovate and scale their digital offerings, ensuring they can handle the increased volume of transactions while maintaining security and user experience. trillion in 2021, a 25% increase from 2020. billion in 2022, up from $7.5

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

DECEMBER 30, 2019

Apple is confident that strong sales of its Apple Watch and AirPods will be the ticket to drive up the company’s stocks in 2020, according to CNBC. Suva told CNBC demand for the wearables has become so great recently that they’ve been selling out, and people have had to wait much longer than usual to get them. CNBC spoke Monday (Dec.

On-Demand 52

On-Demand Origination Volume Continuity 52

PYMNTS

JULY 28, 2020

The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. June 2020 traffic was off 86.5 May 2020 traffic was even worse, off 91 percent. percent compared with a year ago.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

DECEMBER 28, 2020

28) on CNBC, said the cargo volume is up 50 percent. CNBC said this situation is a "stark contrast" to the beginning of the pandemic in the spring when the volume of shipments fell dramatically. The numbers were up quite a bit from the first half of the year, which showed renewed strength in business and consumer shopping habits.

Volume 82

Volume On-Demand Consumer 82

FICO

JANUARY 6, 2021

Volumes will still be high and customer journeys will get more complex as initial volumes flatline. We expect an increased need for digital-led payment plans and a higher demand for loan modification so the longer-term financial impacts can be worked through. What circumstances drove their reduction of income? Redundancy?

Posting 98

Posting Credit Risk Risk Returns 98

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 117

Database Volume On-Demand Disaster Recovery 117

PYMNTS

DECEMBER 18, 2020

Given the volume of subscriptions that consumers have started over the past year, it’s probably smart to imagine that we’ll see some “trimming back” once people are out and about again, Burkhart said. The holiday shopping season is in full swing — and it’s increasingly looking like “’tis the season for purchasing subscriptions.”.

Consumer 120

Consumer On-Demand Checks Volume 120

PYMNTS

DECEMBER 10, 2020

In eCommerce, Amazon ’s third-party merchants are worried they won’t be able to satisfy holiday demand due to restrictions on the volume of inventory the firm can keep in its facilities. 80%: Share of banking interactions done online in 2020. All this, Today in Data. Data: $189B : Amount that U.S.

Credit Risk 102

Credit Risk Risk Management AI On-Demand 102

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. We’ve seen a massive increase in demand for eCommerce for our business. Expect The Uncertain.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

PYMNTS

APRIL 16, 2020

Requests for deferrals on mortgage payments have been relatively low in volume, according to Moynihan — though the bank has preemptively suspended foreclosures or repossessions of autos, which may have been pending before the crisis began. Demand for loan products has also fallen. Given the full-scale shutdown in the U.S.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

Fintech News

JULY 7, 2024

The proliferation of super apps, diverse fintech solutions, and widespread digital transformation are creating demands on tech infrastructure, with traditional solutions often falling short of meeting the evolving needs of businesses and consumers. Global Shopping Festival in China, it helps process millions of transactions every second.

Database 114

Database Economy On-Demand Innovation 114

The Fintech Times

SEPTEMBER 18, 2024

However, in 2020, Telegram abandoned the project after a legal clash with the Securities and Exchange Commission (SEC). Research from Bitget shows that the TON ecosystem has seen a 12-times increase in daily transaction volume, rising from 100,000 to 1.2 Demand is also high. million over the past year. Hype or here to stay?

Cryptocurrency 63

Cryptocurrency Blockchain Volume On-Demand 63

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 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

Credit Cards 83

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 83

Fintech News

JANUARY 7, 2024

But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent and fostering a strong demand for payment solutions, a new report by Emerging Payments Association Asia (EPAA) says. By 2045, Indonesia’s population is expected to reach 318.96

Financial Inclusion 110

Financial Inclusion Innovation Payments NOV 110

PYMNTS

DECEMBER 3, 2020

and Macy’s as it struggled with the unprecedented demand from the pandemic-driven eCommerce surge. A UPS spokesman told the WSJ that the company will pick up packages from customers whose “demand exceeded allocated space” once more capacity becomes available. “We 1 to March 31, 2020) and the pandemic period (April 1 to Oct.

On-Demand 62

On-Demand NOV Returns Volume 62

PYMNTS

JUNE 29, 2020

Yet despite the new frugality, pent-up consumer demand – especially for nonessential items like apparel and jewelry – is already starting to materialize. How people pay is what’s changing in 2020. With those trendlines, players in the sector are wasting no time.

BNPL 72

BNPL Online and Mobile Banking Volume On-Demand 72

PYMNTS

NOVEMBER 16, 2020

In today’s top payments news around the world, JD.com saw its Q3 2020 net revenues increase to $25.7 JD.com saw its Q3 2020 net revenues jump to $25.7 The subsidiary is tracking to roll out in January 2021 to meet the growing demand for eCommerce and digital payments. JD.com Touts $25.7B

Breach 92

Breach Payments On-Demand Laws 92

FICO

JANUARY 8, 2021

Here are our top 5 posts from 2020. #1. In China, where the virus was first reported in December, we have since seen a fivefold increase on the transaction volume of our Customer Communication Services from our customers there.”. #4. Transforming the Customer Experience: Telecommunications. Value of Cloud-Based Systems.

Posting 52

Posting Origination Online and Mobile Banking Assessments 52

CB Insights

JUNE 7, 2021

Amid the pandemic-driven acceleration of e-commerce and shift to digital payments, Marqeta has seen rapid growth in revenue and demand for its card-issuing technology. Revenue is up 103% year-over-year : Marqeta’s revenue for the fiscal year ending December 30, 2020, was $290M , up from $143M in the previous year. First name.

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

PYMNTS

SEPTEMBER 3, 2019

Uber removed the uncertainty of getting a taxi and the planning required to book a ride by making reliable, high-quality and trackable car service available on demand. In 2009, the Uber app introduced consumers to a whole new way of getting transportation and a way for black-car drivers with the capacity to serve them.

Innovation 89

Innovation Credential Payments Consumer 89

PYMNTS

DECEMBER 9, 2019

Compared to an average day during the study period, Total Payment Volume (TPV) on Cyber Monday was 55.22 According to Recurly’s 2019 Cyber Monday recap figures , Burkhart noted, there is not only big growth for subscription businesses during what is arguably the biggest eCommerce day of the year, but “strong sequential growth” each year.

PayPal 52

PayPal Push-to-Card Alternative Payment Methods Professional Development 52

PYMNTS

JANUARY 7, 2021

The injection of credit positions us to efficiently fund the rising transaction volume we anticipate as travel demand rebounds in 2021. The company anticipates that across the next 18 months, it will exceed $1 billion in leisure travel transaction volume. . 7) press release.

BNPL 59

BNPL Alternative Payment Methods Volume Payments 59

FICO

OCTOBER 12, 2020

Nothing presents more opportunities to fraudsters than change, and 2020 has served up plenty. In the US, the pandemic drove a sudden surge in demand for health care supplies , from gloves to ventilators, as well as a growing interest in remote online medical consultations, or telemedicine. Medical Services .

Volume 52

Volume Fraud Detection FBI Correspondent 52

PYMNTS

AUGUST 14, 2020

As of January of 2020, the internet and smartphone penetration rates in Africa were estimated to be well above half by 2025 and increasing, as they are fueled by tailwinds creating an environment for digitalization around the world. Ongoing losses, among other difficulties, has led to a decline in stock price at first.

On-Demand 101

On-Demand Volume Digital Payments Addressing 101

Fintech News

MARCH 25, 2024

billion in private capital deal value or nearly twice that of 2020, the data show. But as these startups grow and expand, demand for larger size rounds and growth-stage capital will increase, fueling PE activity in the region. In 2022, the region recorded its highest level ever, attracting US$34.1

Participant 100

Participant B2C On-Demand Consumer 100

PYMNTS

MAY 20, 2020

The company’s sales fell 25 percent in April and although there has been an uptick in May, global volumes are still negative, Quincey said, since about 50 percent of the company’s revenue stems from entertainment-type venues like restaurants, theaters and arenas.

Posting 91

Posting Federal Reserve On-Demand Returns 91

PYMNTS

DECEMBER 3, 2020

and Macy’s as it struggled with the unprecedented demand from the pandemic-driven eCommerce surge. A UPS spokesman told the WSJ that the company will pick up packages from customers whose “demand exceeded allocated space” once more capacity becomes available. 1 to March 31, 2020) and the pandemic period (April 1 to Oct.

On-Demand 64

On-Demand Returns NOV Volume 64

PYMNTS

DECEMBER 30, 2019

Apple is confident that strong sales of its Apple Watch and AirPods will be the ticket to drive up the company’s stocks in 2020, according to CNBC. Suva told CNBC demand for the wearables has become so great recently that they’ve been selling out, and people have had to wait much longer than usual to get them. CNBC spoke Monday (Dec.

On-Demand 52

On-Demand Origination Volume Continuity 52

The Fintech Times

MAY 1, 2024

per cent) also saw an increase in the volume of complaints. In fact, complaints about Payment Protection Insurance (PPI) heavily inflated the total number of complaints between 2016 and 2020. The current economic landscape across the UK continues to increase pressures on consumer pockets. Meanwhile, home finance (up 3.7 100million?

Consumer Financial Protection Bureau (CFPB) 58

Consumer Financial Protection Bureau (CFPB) Volume Consumer On-Demand 58

PYMNTS

JULY 7, 2020

” The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Manish Kohli , global head of payments and receivables, Citi Treasury and Trade Solutions. The pandemic has also refocused client demand on doing business through digital-only solutions. A Flight to Network.

Innovation 110

Innovation Non-Bank Economy Treasury 110

PYMNTS

OCTOBER 30, 2020

In a move that will likely see a large rise in sales, Alibaba Group Holding Ltd will begin its Singles Day shopping event ahead of schedule in 2020, Reuters reported Friday (Oct. A much smaller portion of those surveyed say they intend to purchase fewer European items and labels in 2020, at just below 40 percent.

NOV 56

NOV Cross-Border Consulting On-Demand 56

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. A Short-Term Remittance Boom.

B2B 96

B2B Non-Bank On-Demand Volume 96

PYMNTS

NOVEMBER 13, 2020

Looking at the plight of migrant workers and those working abroad during the COVID event, PYMNTS November 2020 Smarter Payments Tracker® powered by Nium notes that, “Legacy FIs can struggle to provide affordable remittance services that meet migrant workers’ needs, and their dependency on correspondent banking networks can drive up service costs.

Cross-Border 103

Cross-Border Cross-Border Payments Correspondent Bank Payments 103

PYMNTS

APRIL 27, 2020

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. The lockdown has created an increased demand for grocery items and other necessities while “binge buying” led to shortages caused by supply chain issues. . Bancorp Freight Payment Indexes. The quarterly U.S.

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. percent during Q3 2020. It is also notable that 50 percent of Zelle’s users are ages 45 and older.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106