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DBS’ Crypto Arm Reports Tripling Trading Volume, Explores Stablecoin Listings

Fintech News

DBS Digital Exchange (DDEx) has experienced significant growth in the first five months of 2024, with the trading volume of digital payment tokens nearly tripling compared to the same period in 2023. The number of active trading clients increased by 36%, and digital assets held by DBS surged by over 80%.

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Crypto Trading Volumes Hit Record $68.3 Billion On Monday

PYMNTS

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 3), compounding its 2020 rally that catapulted it to quadruple as big U.S. billion, Reuters reported. The surge shows how strong trading has been lately, according to Reuters.

Volume 131
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Contactless payments volume soars in Nordic region

Payments Source

Contactless payment volume surged during the first four months of 2020 in Denmark, Norway, Sweden and Finland, accounting for about 70% of all transactions, according to new data from Copenhagen-based payments technology firm Nets.

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‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. Postal Service is publicly stating at the top of its website that it is "experiencing unprecedented volume increases and limited employee availability due to the impacts of COVID-19. Hot Topic Inc., Newegg Inc.

Volume 131
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India’s Digital Payments Platform Hits $1.34B In June Transaction Volumes

PYMNTS

Transaction volume of the platform soared to a record 1.34 Last month, PYMNTS reported the COVID-19 pandemic has primed India to overtake card payments, according to the S&P Global Market Intelligence 2020 India Mobile Payments Market Report. UPI was established by the central bank and is owned by a group of local lenders.

Volume 123
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FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results

PYMNTS

18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S. billion in adjusted revenue reported for Q2 fiscal 2020. FedEx reported on Friday (Dec. domestic residential package services, in addition to pricing initiatives throughout all transportation segments, fueled increased operating results.

Volume 105
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Report: Bank Trade Finance Revenues Set To Fall 8 Pct In 2020

PYMNTS

As returns from cash management offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in 2020. In 2020, the global pandemic has brought that to a screeching halt,” the “ Banking after COVID-19 ” report noted.

Finance 95