Fintech News

OCTOBER 10, 2024

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. Growth drivers boosting Vietnam’s digital economy Vietnam’s digital transformation is supported by a number of factors. points from 2022 to 2023.

Economy 92

Economy Online and Mobile Banking Governance Government 92

Finovate

JUNE 3, 2024

“For more than 25 years, PayPal has been at the forefront of digital commerce, revolutionizing commerce by providing a trusted experience between consumers and merchants around the world. This shift comes after the California-based company launched on Ethereum blockchain last summer.

Stablecoins 111

Stablecoins PayPal Consumer Blockchain 111

PYMNTS

NOVEMBER 18, 2020

According to the Fed’s latest quarterly report on household debt and credit, overall consumer debt hit $14.35 Credit inquiries over the past six months — a sign of credit demand — was down slightly to 122 million. August was the six month in a row that saw a drop in consumer credit card balances, the lowest level since 2017.

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

Fintech Finance

JUNE 12, 2024

This cutting-edge technology enables businesses to seamlessly accept recurring transactions directly from customers’ bank accounts, circumventing the limitations of time-consuming traditional payment methods such as cards. Trustly’s new solution taps into the growing subscription market, projected to reach $1.5

Economy 91

Economy AI Payment APIs and Integration Fraud Prevention 91

PYMNTS

OCTOBER 1, 2020

Not surprisingly, consumers with lower incomes had less money to spend, and accordingly, the report showed that growth of personal spending also slowed for the fourth straight month, rising by just 1 percent in August. economy to experience a “double-dip” recession. percent in August, down from 17.8

Consumer 95

Consumer On-Demand PayPal Economy 95

PYMNTS

JULY 3, 2020

Consumers absolutely are going [to] purchase differently post-pandemic, across the board. She said Software-as-a-Service (SaaS) providers can help firms migrate to an omnicommerce offering that features a seamless payment experience, no matter where the consumer’s touchpoint with the business happens to be. A Hopeful Tomorrow.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

APRIL 29, 2020

Many physical bank branches have temporarily closed or reduced service hours to better safeguard their employees and spare themselves the costs of operating branches now that consumers are staying home. consumers found that 82 percent had reservations about visiting branches, while 63 percent were more willing to try apps.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

DECEMBER 8, 2020

And in shifts, as history demonstrates, a lot of other activity comes pre-built in as the ripple effects of a housing boom among younger consumers tend to travel far. These younger consumers are mostly buying first homes (86 percent of younger millennials and 52 percent older ones). Things like homeownership. Today’s Buying Boom .

Economy 141

Economy Returns Consumer On-Demand 141

PYMNTS

DECEMBER 16, 2020

The COVID-19 pandemic has been hard on everyone – consumers, businesses, government officials and healthcare workers – but the pain has been far from evenly distributed over the past nine months. Roughly the same reported stable demand, but 30 percent experienced a decline in sales.

On-Demand 112

On-Demand Shutdown Returns Economy 112

The Fintech Times

DECEMBER 9, 2023

Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. 2023 saw the introduction of a new Consumer Duty, setting higher and clearer standards of consumer protection across financial services, and requiring firms to put customers’ needs first.

Consumer 111

Consumer Financial Literacy Regulations AI 111

The Fintech Times

JUNE 26, 2024

Changing consumer demands pose the biggest challenge to profitability for two-thirds of subscription businesses over the next decade, according to a new report by Minna Technologies. Customer demand for consolidation has led to the emergence of new channels to manage subscriptions, such as banking apps and aggregators.”

Technology 64

Technology Consumer On-Demand Consulting 64

The Fintech Times

AUGUST 19, 2024

Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.

Economy 64

Economy Online and Mobile Banking FinTech Governance 64

PYMNTS

APRIL 14, 2020

Freelancers worldwide found themselves impacted by the new coronavirus as it shuttered businesses and stalled payments, with many gig workers now fulfilling critical roles to keep society moving as consumers retreat inside of their homes. Around The Gig Economy Payments World. Another change to the freelancer community in the U.S.

Economy 114

Economy Regulations On-Demand Risk 114

Fintech Finance

DECEMBER 12, 2024

Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. Faster payments are crucial for the modern economy, and this move by Visa is a significant step forward, said Reed Luhtanen, Executive Director and CEO, U.S. Faster Payments Council (FPC).

Funds Availability 86

Funds Availability FPC Accounts Debit Card 86

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. QR codes have also become a popular payment method in Thailand.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

The Fintech Times

SEPTEMBER 12, 2024

Consumers are increasingly turning to digital payment methods instead of cash across the UAE and Saudi Arabia, according to new data from Checkout.com , the global payments solution provider. Past data revealed a 56 per cent increase in consumers engaging in e-commerce weekly since 2020.

Consumer 69

Consumer BNPL Payments Payment Solutions 69

Fintech Finance

SEPTEMBER 4, 2024

Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers. This affects consumers, businesses and the wider UK economy.

Consumer Protection 75

Consumer Protection Consumer Payments Disputes 75

PYMNTS

JANUARY 25, 2021

I will die of old age before we've even cracked a fraction of this demand.” . There's no way you can fulfill all this demand. There's more demand for [RV and camper rentals] than there is for hotels and airlines,” Cavins said. Hotel-ification And The Mobile Hotel Economy. The millennials love mobility.

On-Demand 139

On-Demand Consumer Economy Accounts 139

Fintech Finance

DECEMBER 17, 2024

The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers. Increasingly drawn to international travel, luxury purchases, and digital transactions, Vietnamese consumers are part of a strong trend towards experiential consumption. Vietnams stable inflation and projected GDP growth of 6.1%

Payments Trends 76

Payments Trends Cross-Border AI Payments 76

Fintech Finance

JULY 31, 2024

This is part of Visa’s commitment to empower Vietnamese SMBs and boost the national economy, by accelerating their contactless payment acceptance. The Visa Consumer Payment Attitudes study1found that the cashless wave in Vietnam maintained its progressive pace, with majority of surveyed consumers (88%) having attempted to go cashless.

Contactless Payments 90

Contactless Payments Online and Mobile Banking Payments On-Demand 90

Fintech News

AUGUST 26, 2024

Consumers are becoming increasingly aware of the importance of insurance through concerted efforts from governments and companies to educate the public. Insurtech trends and opportunities Post-pandemic, Southeast Asia has seen a significant shift in consumer attitudes towards insurance, now seen as a necessity rather than a luxury.

On-Demand 138

On-Demand Product Transactions Adjustments 138

PYMNTS

JUNE 30, 2020

But bit by bit, economies are reopening and taking tentative steps toward normalcy. To get there, according to some of the executives we queried, agility is key, and responding to end users’ demands will be paramount. The pandemic may be here for a while. That may entail shifts in the way payments get done, in terms of speed.

End User 107

End User On-Demand Commercial Card Instant Payments 107

PYMNTS

DECEMBER 14, 2020

That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. Focusing on the U.S., percent for women and 5.2

Visa 106

Visa Economy Small Business Governance 106

The Fintech Times

DECEMBER 18, 2024

As digitalisation reshapes finance, the industry is transitioning beyond traditional open banking into a comprehensive open finance model, enhancing both access and transparency for consumers. In this context, CBI advocates for a flexible, modern, and transparent approach to effectively address evolving market demands.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

The Fintech Times

JANUARY 4, 2024

As financial technology continues to evolve, and as banking becomes more ’embedded’ in the lives of consumers and in businesses’ value chains, people are also becoming increasingly conscious of the choices they are making – bringing banks’ values and climate credentials into question.

Consumer 64

Consumer Credential On-Demand Economy 64

Payments Source

JULY 29, 2020

On-demand delivery service Rappi is leveraging its huge customer base to provide financial products to Latin American consumers through partnerships and joint ventures with fintechs and banks.

Digital Payments 116

Digital Payments On-Demand FinTech Payments 116

PYMNTS

JULY 17, 2020

“As consumer and business digital adoption has catapulted over the last 12 weeks, when it comes to payments, there are certain status quos we will no longer accept.”. Modernizing payments is work that never ends, but the end game is a world of connected commerce and consumer preference. Remember the old adage “cash is king?”

Ubiquitous 96

Ubiquitous Instant Payments On-Demand Innovation 96

PYMNTS

DECEMBER 31, 2020

How We Will Pay: Home As The Consumer Command Center. This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. 35 percent of retail businesses have experienced an increase in demand.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

MARCH 2, 2020

Global supply chains are impacted, as millions of workers living in the provinces of developing and emerging economies like China, Vietnam, South Korea and Malaysia are unable to work at the manufacturing facilities due to quarantine, illness or both. Why We Need A Connected, Digital Economy — Now More Than Ever. We see it everywhere.

Economy 112

Economy Online and Mobile Banking Innovation On-Demand 112

PYMNTS

DECEMBER 28, 2020

The pandemic hit Bangladeshi clothing suppliers and the country's overall economy hard when British fashion retailers had to shut down, a report from The Times said. The garment sector is the largest part of the country's economy, representing over 95 percent of it, the report stated. The total canceled globally came out to $3.7

B2C 108

B2C Economy On-Demand Product 108

Fintech News

MAY 20, 2024

Additionally, the event will provide a forward-looking perspective on the future of BNPL and its potential to reshape consumer finance and the wider payments industry. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

FinTech 118

FinTech Embedded Finance BNPL AI 118

Open Banking Excellence

JANUARY 9, 2024

Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. According to a recent McKinsey report, the Insurtech industry already contributes £5 billion and 60,000 jobs to the UK economy. Another option is via Nuapay’s verified payouts service.

Payment APIs and Integration 130

Payment APIs and Integration Payer Online and Mobile Banking Authentication 130

PYMNTS

NOVEMBER 25, 2020

The sidewalks and shops will likely be less crowded, and if consumers are wearing smiles, they’ll likely be obscured by masks as it seems COVID-19 pandemic cases will be ringing in the year on the rise. The short time span of usability is meant to push consumers to act quickly.

Contactless Payments 123

Contactless Payments PayPal Small Business On-Demand 123

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

Database 101

Database Economy On-Demand Innovation 101

PYMNTS

NOVEMBER 13, 2020

First has been the focus on digital transformation that essentially saved the economy during lockdowns. The World Bank found that consumers globally are charged an average of 6.75 Tapping Into ‘Sizeable Demand’ Via BaaS. Timing is right for these solutions as world economies reorganize. Fraud is another consideration.

Cross-Border 103

Cross-Border Cross-Border Payments Correspondent Bank Payments 103

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 126

Financial Inclusion Embedded Finance Payments Push-to-Card 126

Fintech Finance

JULY 11, 2024

The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. Pix local payments in contrast are available 24/7 and a much cheaper, more reliable option for businesses and consumers alike.

Instant Payments 90

Instant Payments Embedded Finance Real Time Payments Payments 90