2021 ACH Transaction Volume Shows Strong Growth
Agile Payments
FEBRUARY 4, 2022
2021 ACH Transaction Volume.
Bybit Card Integrates Google Pay and Celebrates Record Spot Trading Volume
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.
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62
62 
FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results
PYMNTS
DECEMBER 18, 2020
18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S. For Q2 fiscal 2021, FedEx reported $4.83 Management said the company is not offering a fiscal 2021 earnings forecast, and noted that the capital spending outlook for the year stays at $5.1 FedEx reported on Friday (Dec.
Volume 105
105 
Will SPACS Be Back (With A Bang) In 2021?
PYMNTS
JANUARY 8, 2021
Thus far in 2021, as of this writing, there have been 27 SPAC IPOs, according to the site, which have generated $6.6 Caveat emptor, then, as 2021 comes into focus. billion in gross proceeds. Investing in SPACs also requires a fair amount of trust in the management teams behind the dealmaking.
Returns 94
94 
Visa: Debit Volume Up As Consumers Spend With Funds On Hand
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
80 
Finery Markets and Stillman Digital collaborate on digital liquidity
Finextra
OCTOBER 8, 2024
Finery Markets, a leading non-custodial crypto ECN and the provider of a SaaS trading platform for institutional clients, has partnered with Stillman Digital, a global technology and digital asset liquidity provider which has facilitated over $20 billion in trade volume since 2021.
Facilitators 52
52 
An AI Blueprint For More Profitable Portfolios In 2021
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
87 
Fintech Payment Opportunities Remain Rife Across the Middle East, Says Fuse
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 76
76 
Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei
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.
Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000
PYMNTS
DECEMBER 27, 2020
Binance KR will cease operations because of low usage and volume with limited trading pairs of BKRW. 10, 2021 at 1 p.m., 29, 2021, the blog says. Turkey is planning on piloting its own CBDC in the second half of 2021, according to a report from CoinDesk. That resulted in limited liquidity for users, a company blog says.
CBDC 101
101 
LendingClub Q3 Loan Volume Snaps Back 80 Pct
PYMNTS
NOVEMBER 4, 2020
The company added that it wouldn’t ask its employees to stop working from home and return to their offices until at least summer 2021. But from a macroeconomic standpoint, LendingClub said that while borrowers remain resilient, the pandemic continues to have a negative impact on the economy. All in, LendingClub reported a Q3 net loss of $34.3
Volume 111
111 
Finance Professionals Enjoyed the Largest Salary Increase in 10 Years in 2021
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
52 
Why 2021 Is No Sure Bet For An SMB Rebound
PYMNTS
SEPTEMBER 28, 2020
As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster. economy in general.
Economy 116
116 
TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer
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
Cashless payments worth EUR 219.5 billion transacted in 2021 in Latvia
The Paypers
FEBRUARY 25, 2022
The Latvia-based central bank has published that the total volume of non-cash payments executed by Latvian payment service providers reached EUR 219.5
Non-Bank 37
37 
Merchants Break Out Omnichannel Innovations To Maintain Sales Through 2021
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
84 
What The Subscription Market’s 2020 Surge Tells Us About Retail’s 2021 Remake
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 World In 2021 . But of course, that mode could soon end if progress on vaccines continues at a rapid pace.
Consumer 120
120 
M&A, Digitization Efforts Keep FLEETCOR Positive For 2021
PYMNTS
NOVEMBER 5, 2020
Despite continued headwinds from the pandemic, which continue to suppress corporate spend around the world, commercial payments technology firm FLEETCOR is retaining an optimistic outlook for 2021 thanks to evidence of a trajectory of recovery, continued modernization efforts, and an aggressive mergers and acquisitions (M&A) strategy ahead.
UK Credit Market Report March 2021: Early Warning Signs
FICO
MAY 10, 2021
Our analysis of UK card trends for March 2021 shows a big change in spending and financial management in the last 12 months. But we may be starting to see a deterioration in affordability, with a lower percentage of payments to balance and slowly increasing volumes of accounts with missed payments.
Issuers 52
52 
Recurring Card Payments To Hit $473B By 2021
PYMNTS
NOVEMBER 21, 2018
A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. The report , “U.S. market size and reviewed service offerings from seven providers in the U.S.
Debit Card 66
66 
Laurence William Booth Appointed Trust Payments Group Chief Executive Officer
Fintech Finance
NOVEMBER 15, 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 5 th anniversary and hitting the milestone of £1bn in processing volumes consecutively in the last few months.
Payments 93
93 
Bitcoin Daily: Square's Cash App Lets Consumers Earn Bitcoin On Purchases; Nigeria Trades Second-Highest Bitcoin Volume On Paxful's Platform
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
64 
Payment Processing USA: 2024 Market Overview
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 95
95 
Report: Challenger processors grow four times faster than the overall card processing market
The Payments Association
OCTOBER 25, 2024
Between 2021 and 2024, challengers secured 127 new client contracts, compared to just 26 secured by incumbents. This remarkable growth is also reflected in processing volumes, with challengers achieving a compound annual growth rate (CAGR) of 35%, while market share expanded from 2.6% in 2021 to 4.0%
Processors 88
88 
Which Aspect of VC Fintech Funding is Rising?
Finovate
OCTOBER 7, 2024
We all know that the VC investment scene is nothing like it was in 2021 and early 2022. billion less in funding volume. million drop from 2021 to 2022. This comes after the median deal size dropped by $700,000 from 2022 to 2023 and decreased by the same amount from 2021 to 2022. This is much smaller than the $3.2
FinTech 75
75 
8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021
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
79 
MoneyGram, Walmart To Continue Money Transfers Into 2021
PYMNTS
NOVEMBER 5, 2019
Walmart and MoneyGram have extended their agreement into 2021 to provide MoneyGram-branded money transfers, as well as money transfers, bill payment and money orders powered by white-label Walmart2World services, into 2021, according to a release.
Continuity 40
40 
How modern payments processing has changed: In conversation with BPC
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
100 
New Data Security Requirements for ACH Originators
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.
UK retail sales rise above seasonal norms in April for first time in 2021, survey finds
The Paypers
MAY 3, 2021
CBI has rolled out its latest monthly Distributive Trades Survey showing that in April retail sales volumes in UK were viewed as good for the first time in 2021 and to the greatest extent since June 2018.
Volume 31
31 Volume 31
31 
Top 5 Ways to Optimize Your Payment Retry Strategies
Inai
APRIL 23, 2024
As of July 2021, 1.12 billion credit cards were circulated within the United States, while the global volume stood at 2.9 An average of 15% of recurring payments are regularly declined, while the average credit card decline rate is 7.9%.
Credit Cards 52
52 
Crypto Crime Drops 39% But Challenges Persist, Including Ransomware Attacks, Transactions with Sanctioned Entities
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 96
96 
Global Funding Trends Indicate a Rebalanced Fintech Sector in 2024?
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 102
102 
Finture Secures US$30M in Series B Funding to Expand YUP Credit Platform
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 106
106 
A Market Overview of Payment Terminals in the USA in 2024
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 2021 $4.2 Payment Terminal vs Online: Payment terminals accounted for 70% of credit card transactions in 2021. Benefits : Ideal for high-volume merchants needing a reliable and efficient terminal.
Credit Cards 83
83 
Digital Technologies Drive Innovation In Retail, Payments
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
110 
Global Funding Trends Indicate a Rebalanced Fintech Sector in 2024?
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 93
93 
Tokocrypto Becomes Third Crypto Firm to Receive PFAK Licence in Indonesia
The Fintech Times
SEPTEMBER 9, 2024
According to stats from Statista , the crypto market hit its all-time high in 2021 at $2.1billion, up from $400million the year before. million users in 2021, to 28.52 million this year, while trading volume increased by 170 per cent compared to 2023. The crypto market’s revenue in Indonesia has had a turbulent few years.
How Can Subscription Providers Fight Chargebacks?
Accertify
AUGUST 28, 2024
But this ‘head in the sand’ approach is becoming increasingly unrealistic as chargeback volumes mount. Customer experience is key: make everything simple To reduce chargeback volumes the service should be straightforward to navigate any required changes. Neither is sustainable as chargeback volumes grow. Luckily, there is one.
Disputes 52
52 
Ramadan Online Shopping Expected to Rise Across Key Sectors
Fintech Finance
APRIL 2, 2024
Historical data from Checkout.com shows a growth of 22% in the volume of digital payment transactions in the Kingdom last Ramadan across all product and service categories, compared to the period prior. Last year, the volume of consumer transactions in KSA rose most sharply in services, where the volume of transactions surged notably.
Volume 52
52 
US Businesses Cling to Check Payments Despite Risk of Fraud, New Data From Codat Reveals
Fintech Finance
SEPTEMBER 24, 2024
Check fraud nearly doubled between 2021 and 2022, and more than $24 billion will be lost to check fraud in 20241. Digital payment methods like virtual cards offer more security features and are growing in popularity among mid-market businesses, with processing volumes expected to hit $13.8
Checks 95
95 
Trustly to Process $100 Billion Annually, Leading the Pay by Bank Surge
Fintech Finance
OCTOBER 23, 2024
s guaranteed payments have grown by 50% in volume. In addition to its North American achievements, Trustly is seeing continued success in Europe, including new launches with Lenovo and Foodora, as well as a continued partnership with ACE Money Transfer – which has reached a 40% growth in remittances since the collaboration began in 2021.
Process 91
91 
Trustly’s Ecospend Retains Its Key Open Banking Contract With HMRC
Fintech Finance
SEPTEMBER 16, 2024
The original contract was won by Ecospend in 2021 ( prior to its acquisition by Trustly in 2022) and by volume has become the single biggest use case for open banking payments in the UK with £30bn of tax payments processed since launch.
India Emerges as a Global Leader in Real-Time Payments and Digitalisation, Reveals New RBI Report
The Fintech Times
JULY 31, 2024
per cent of the global real-time payments volume. India’s instant payment system, Unified Payments Interface (UPI), has seen a tenfold increase in volume over the past four years, increasing from 12.5 billion transactions in 2019 to 131 billion transactions in 2023 – 80 per cent of all digital payment volumes.
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