PYMNTS

JANUARY 26, 2021

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. It’s just becoming the norm,” he said. “We

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

OCTOBER 28, 2020

28) that showed a rebound in pent-up demand, with volumes up quarter over quarter. Payments volume was up 4 percent in the latest period as measured year over year, while processed transactions were up 3 percent. credit volumes came in at $493 billion, while debit totaled $603 billion. trillion in the company’s fiscal Q3.

Volume 80

Volume Cross-Border Consumer Visa 80

PYMNTS

DECEMBER 14, 2020

Just ask them, as was done for the December 2020 How To Put AI In Your 2021 FI Business Plan Playbook , a collaboration with Brighterion. This was a year that bent and broke quite a few risk forecasting models, thus all the more reason to bring AI smarts to bear on transaction volumes scaling far beyond a human pace.

AI 87

AI Risk Assessment Online and Mobile Banking Credit Risk 87

The Fintech Times

MARCH 2, 2024

The news comes just days after Bybit hit $71.5billion in trading volume, just seven per cent under the exchange’s record $77billion daily trading volume, set during the 2021 crypto bull run. ” The post Bybit Card Integrates Google Pay and Celebrates Record Spot Trading Volume appeared first on The Fintech Times.

Volume 64

Volume Bitcoin Cryptocurrency Card Services 64

PYMNTS

NOVEMBER 24, 2020

“Now we’re in a period where those sellers have figured out some of the pieces that have really worked for their businesses, and [they] are trying to figure out, 'how do I how operationalize this and grow it even more going into 2021?’”. SMBs have tried various approaches, and the necessity of omnichannel is emerging.

Innovation 84

Innovation Volume Adjustments Continuity 84

PYMNTS

JANUARY 15, 2021

Target crushed online commerce and reported decent in-store sales volume for the holidays, while Urban Outfitters and Nordstrom had weak in-store traffic that even fairly positive online volume couldn’t surmount. Data: 95% : Approximate share of November/December orders that Target fulfilled via its brick-and-mortar shops.

Innovation 110

Innovation Technology Retail Payments Volume 110

Fintech News

OCTOBER 7, 2024

Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023.

Alternative Payment Methods 108

Alternative Payment Methods APACS Debit Card Volume 108

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Reuters quoted unnamed sources as saying the offering would occur in early 2021, valuing the company at about $30 billion. Connected-economy companies led 2020’s surprisingly successful roster of U.S.

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

Fintech News

FEBRUARY 15, 2024

Illicit share of all cryptocurrency transaction volume, 2018-2023, Source: Chainalysis 2024 Crypto Crime Report, Chainalysis, Jan 2024 Conversely, the data reveal an increase in ransomware attacks and darknet markets, indicating challenges in cybersecurity and a resurgence in these illicit activities.

Ransomware 109

Ransomware Crime Transactions Romance Scams 109

Fintech News

FEBRUARY 8, 2024

The volume of fintech deal activity in 2023 fell by approximately 70% from its peak in 2021 , closely mirroring the figures from five years earlier. A decline in M&A volume was largely responsible for this downturn, with fewer deals exceeding US$1 billion being announced.

FinTech 109

FinTech Embedded Finance B2B Volume 109

PYMNTS

DECEMBER 20, 2020

Other firms have made similar moves, with crypto lending firm BlockFi partnering with Visa to roll out a new bitcoin-backed credit card in 2021, CoinDesk reported. According to data from Coin Dance, per Quartz, bitcoin trades in Nigeria increased around 19 percent per year in volume since 2017. The highest volume of 20,504.50

Bitcoin 64

Bitcoin Volume Blockchain Consumer 64

Agile Payments

MAY 19, 2021

As of June 30, 2021, a new rule on supplementing data security requirements goes into effect for ACH originators that have an annual volume of 6 million transactions or greater. The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically.

ACH Origination 88

ACH Origination Origination ACH Data Security 88

Fintech News

FEBRUARY 8, 2024

The volume of fintech deal activity in 2023 fell by approximately 70% from its peak in 2021 , closely mirroring the figures from five years earlier. A decline in M&A volume was largely responsible for this downturn, with fewer deals exceeding US$1 billion being announced.

FinTech 106

FinTech Embedded Finance B2B Volume 106

PYMNTS

DECEMBER 22, 2020

Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We According to one seller, Amazon seemed to be prioritizing the most high-volume items for its own delivery system, with merchants left to handle their own order fulfillment on the less-popular items.

Consulting 131

Consulting Volume Continuity Consumer 131

PYMNTS

DECEMBER 15, 2020

The deal is expected to close in the first quarter of 2021. Poynt is used by over 100,000 merchants and has over $16 billion in annual gross merchandising volume (GMV), according to the release.

Technology 135

Technology Digital Payments Payments Small Business 135

Fintech News

APRIL 1, 2024

The rally marked the end of a prolonged so-called “ crypto winter ” which saw the value of the cryptocurrency fall by a substantial 75% between November 2021 and November 2022 to reach a two-year low of US$16,000. Divergent trends across regions The AU10TIX report highlights divergent crypto fraud trends across regions.

Ransomware 121

Ransomware Payments Bitcoin Scams 121

Fintech News

SEPTEMBER 9, 2024

Founded in 2021, Finture operates in Southeast Asia with offices in Singapore, Shanghai, and Jakarta. YUP also aims to reach US$1 billion in transaction volume by 2024. To date, YUP has reportedly raised over US$77 million in equity funding from investors, including the Sampoerna family, Sky9 Capital, and BitRock Capital among others.

Security 117

Security Credit Cards Volume FinTech 117

Fintech News

MARCH 25, 2024

Between 2015 and 2021, deal count within the region more than tripled, the PitchBook report shows, a testament of Southeast Asia’s burgeoning investment landscape. Meanwhile, smaller markets such as Myanmar, Cambodia, and Laos are limited by market size and have a low volume of venture-style investments. in 2021 to 36.2%

Participant 111

Participant B2C On-Demand Consumer 111

Fintech News

NOVEMBER 25, 2024

Founded in 2017 by Chu and Arthur Mak , YouTrip overcame challenges during the pandemic, including a 90% drop in transaction volumes that led to the layoff of 10 staff in 2021. The company now employs 250 people and plans to grow its workforce by 50–100 in 2025.

Multi-Currency 110

Multi-Currency Volume Transactions FinTech 110

PYMNTS

NOVEMBER 18, 2020

Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy. Rather, Maersk CEO Soren Skou noted, at a news briefing, per Reuters, that the second wave had only a “limited impact” in shipping container volumes. International container shipping volumes jumped 34.2

Volume 86

Volume On-Demand Economy Governance 86

The Finance Weekly

JUNE 15, 2022

2021 was a great year for finance professionals in terms of opportunities and salaries. base salary increase in 2021, which is a full 1.5% Benefits for finance professions of all types were abundant in 2021, with over 95% of businesses providing dental and health insurance for their employees. Challenges.

AFP 52

AFP Finance Continuity Volume 52

Clearly Payments

NOVEMBER 6, 2024

payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector’s vast scale and continued expansion. trillion 2021 $4.2

Process 99

Process ISOs Credit Cards Online and Mobile Banking 99

Fintech News

FEBRUARY 15, 2024

Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups. It follows a trend that began in H2 2022 where consumer lending began taking the lead over core payments, a major theme in H2 2021 and H1 2022.

FinTech 99

FinTech Adjustments Volume Continuity 99

The Payments Association

OCTOBER 28, 2024

The surge in transaction volumes and the need for quick product launches have challenged legacy systems, which were not designed to accommodate these new demands. Transaction volumes have surged, and there is a need for quick introduction of new payment products. in 2021 to 4.0% Their market share has increased from 2.6%

Process 100

Process Payment APIs and Integration Processors Payments 100

PYMNTS

JANUARY 8, 2021

Due to high order volumes, Pantry is not accepting new orders at this time,” the notice said. The 11 planes will become part of Amazon Air’s collection of aircraft in 2021 and 2022. This means that items listed as ‘Ships & Sold from Pantry’ cannot be added to your cart.

Volume 107

Volume Product Consumer Posting 107

PYMNTS

SEPTEMBER 15, 2020

“As a Canadian leader in digital payments, Moneris is very excited to help Visa bring the Click to Pay experience to Canadian businesses in 2021,” Malcolm Fowler , chief strategic partnership officer of Moneris, said in the announcement. The news comes as Visa said on Jan. 21 in the United States.

Interoperability 116

Interoperability EMV Procedures Participant 116

Fintech News

FEBRUARY 14, 2024

billion secured in 2021, the data show. billion secured in 2021. Global deal volume also tumbled 30% YoY to 29,303 in 2023, a six-year low. Late-stage deal size fell more than 50% between 2021 and 2023, plunging from US$50 million to US$21 million. Total fintech funding in the region reached a total of US$7.3

FinTech 104

FinTech AI Security Volume 104

Fintech News

APRIL 28, 2024

In 2021, the sector reached its peak, attracting a record of US$8.4 billion in 2021. According to the Boston Consulting Group (BCG), the country ranks as the third-largest and one of the fastest-growing fintech markets worldwide in terms of funding, deal volumes, and fintech strength. billion (-63% YoY) and 503 deals (-71.6%

FinTech 108

FinTech Consulting Security Finance 108

PYMNTS

NOVEMBER 3, 2020

That takes things out to 2021’s second half: 6. consumers representing some $1 trillion of sales volume will shift some or all of their retail shopping to digital-first channels. billion of sales volume will do the same with some or all of their food ordering. Going Out Shopping Might Become A Thing Of The Past .

Consumer 136

Consumer Posting Volume PayPal 136

Fintech News

OCTOBER 31, 2024

Founded in 2021, Partior utilizes blockchain technology to transform clearing and settlement, and redefine the way value moves globally. Established in 2021, Tazapay is a leader in cross-border payment solutions, serving small and medium-sized enterprises (SMEs) and business-to-business (B2B) marketplaces from around the world.

Cross-Border Payments 131

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 131

The Fintech Times

NOVEMBER 14, 2024

In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. This has had a huge impact on the growth in outgoing remittances – which rose from $25billion in the early 2000s, to $134billion in 2021. In Morocco, as much as 75 per cent of people had used at least one emerging payment method in 2022.

FinTech 78

FinTech Payments Emerging Payments APACS 78

PYMNTS

NOVEMBER 2, 2020

Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.

Venmo 105

Venmo PayPal BNPL Volume 105

The Payments Association

NOVEMBER 22, 2024

Booth has been with Trust since 2021, initially as chief data officer and, more recently, as chief information officer. Trust Payments has had its most successful period lately , celebrating its 5th anniversary and hitting the milestone of £1 billion consecutively in processing volumes in the last few months.

Payments 88

Payments Payment Networks Volume Acquirers 88

PYMNTS

DECEMBER 9, 2020

USDC circulation is up 400 million since January and has handled in excess of $200 billion in on-chain payment volume, according to David Puth, chief executive officer of Centre Consortium, which was founded by Circle and Coinbase.

Stablecoins 103

Stablecoins Multi-Currency Digital Currency C2B 103

PYMNTS

DECEMBER 15, 2020

WEX foresees that the effect of the purchase on adjusted net income will be immaterial up to calendar year 2021, though it notes that "visibility remains limited due to COVID-19.". WEX lost $57.7 million, or $1.49 per share, on $382.1 million in revenue for the three months concluding on Sept. 30 in contrast to a profit of $42.4 WEX lost $57.7

B2B 101

B2B Payments Settlement Adjustments 101

PYMNTS

AUGUST 7, 2020

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. Starting in April 2021, the exchange rate of the day a Visa card is used to make a purchase will now be the same exchange rate used during transaction authorization, clearing and settlement.

Cross-Border 120

Cross-Border Issuers Cross-Border Payments On-Demand 120

Fintech News

MAY 27, 2024

million in 2021. According to a report by McKinsey, APAC accounted for nearly 40% of the global BNPL transaction volume in 2020. The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies.

APACS 115

APACS Data Breach FinTech Fraud Prevention 115