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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. The company said that those factors were offset, in part, by expenses to help with formidable demand and to grow services, pandemic-related costs and “variable compensation expense.”. billion in revenue on an adjusted (non-GAAP) basis.

Volume 105
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PayPal Q1 Payments Volume Dips, Venmo User Base Grows

PYMNTS

This is the first time parent company PayPal has revealed any user numbers for the app, with its Q1 earnings report showing that the total payments volume for Venmo grew 73 percent year over year to reach $21 billion. The company added that Venmo is on track to generate $100 billion in payments volume this year. billion estimates.

Venmo 53
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Trustly Announces Robust 2023 Growth: H2 Surge in Open Banking Demand and Innovations Drive Record Financial Performance

Fintech Finance

Trustly , the global market leader in open banking payments, today releases its annual report for 2023 demonstrating robust growth and a significant increase in demand for its account-to-account technology. Furthermore, the transaction volume saw a substantial increase, growing by 48% over the same period.

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Flywire Acquires Invoiced to Bolster its Global B2B Payment Network with Award-Winning Accounts Receivable SaaS Platform

Fintech Finance

Flywire plans to expand on Invoiced’s successful track record of providing invoicing software to a diversified client base across industries and geographies, and reinforces its commitment to powering software and payments to its target B2B segment, which Flywire estimates to be responsible for approximately $10 trillion in global payment volume.

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The Long Term Impact of COVID on the Payments Market

Clearly Payments

As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. This article covers the impact of COVID-19 on payment processing, supported by data and statistics that highlight the scope and scale of these changes.

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Southeast Asia: Fintech Holds Strong Despite Tech Investment Pullback

Fintech News

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. In H1 2023, Southeast Asia recorded a substantial 54% year-on-year (YoY) decline in tech investment volume which reached US$3.1

FinTech 105
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Future of AP: Old challenges, fresh perspectives

Nanonets

  This lack of intelligence in existing systems results in inefficiencies, making it harder for AP teams to keep up with high invoice volumes and maintain accuracy. As businesses face increasing financial pressures, the modern AP team must evolve beyond manual tasks. Many companies often face challenges similar to Saltpay's.