PYMNTS

MAY 7, 2020

It has been almost two months since the World Health Organization (WHO) first declared the coronavirus a pandemic on March 11, and it has since taken an unprecedented toll on consumers’ wellbeing and livelihoods. Among consumers who are still employed, 31.5 Our research shows that 43.6 We also see 45.8

Consumer 100

Consumer Returns Economy Research 100

PYMNTS

SEPTEMBER 29, 2020

Consumer spending has been on something of a roller-coaster ride in 2020 thus far – dropping into the basement in the spring, but showing signs of recovery over the summer. But now summer is over, and consumer spending is looking a whole lot hazier heading into the traditional holiday shopping season.

Consumer 95

Consumer Government Governance Economy 95

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.

Economy 92

Economy Online and Mobile Banking Governance Government 92

Tearsheet

JULY 18, 2024

From streaming platforms to meal delivery kits, consumers are navigating a complex landscape of recurring payments. She also shares valuable perspectives on consumer trends and the future of digital money management. What specific pain points were you aiming to address for consumers in the subscription economy?

Economy 98

Economy Digital Payments Payment APIs and Integration Payments 98

PYMNTS

OCTOBER 21, 2020

The ownership economy is going full throttle. He pointed to “solid demand and a strong pricing environment due to low interest rates and increased interest in vehicle ownership from consumers.” That’s where the consumer is happiest,” said Jackson. Higher demand and tight inventory should continue into the next year, he said.

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

Fintech Finance

OCTOBER 17, 2024

A global study released today by Checkout.com , a leading global digital payments company, highlights the consumer buying behaviour which is powering today’s digital economy. The research, conducted across the UK, US, UAE and China, reveals a number of trends, including the growing spending power of Generation Alpha.

Economy 89

Economy BNPL Digital Payments Product 89

PYMNTS

DECEMBER 3, 2020

The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks. Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most.

Economy 84

Economy Research Consumer Risk 84

PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

PYMNTS

NOVEMBER 18, 2020

According to the Fed’s latest quarterly report on household debt and credit, overall consumer debt hit $14.35 August was the six month in a row that saw a drop in consumer credit card balances, the lowest level since 2017. trillion, up $87 billion, a 0.6 percent increase over Q2. Mortgage debt hit $9.86 percent compared to 5.39

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

Fintech News

FEBRUARY 26, 2024

This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. AI, in particular, is poised to redefine operational efficiencies , customer service paradigms, and compliance mechanisms.

FinTech 120

FinTech Consumer Financial Inclusion On-Demand 120

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners.

Consumer 122

Consumer Volume Continuity Returns 122

PYMNTS

OCTOBER 29, 2020

Outside of the health concerns and personal toll the disease is taking, the new developments are adding rocket fuel to the digital-first economy. This new acceleration of cases comes at a time when consumers are becoming more deeply ensconced in their new digital shopping and eating habits. Our research shows that 85.3

Economy 90

Economy Shutdown Returns Consumer 90

PYMNTS

JUNE 22, 2020

In recent research published by the Opportunity Insights , a Harvard research enterprise, high-income households reduced their spending by 17 percent, and low-income households reduced their spending by 4 percent as measured through June 10. “The new appliances or cars) fell sharply,” said the report.

Consumer 90

Consumer Small Business Push-to-Card Research 90

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. PYMNTS research has shown that more than half of U.S.

Consumer 95

Consumer On-Demand PayPal Economy 95

PYMNTS

APRIL 13, 2020

In light of this, it might not be overly surprising that consumers have changed along with the times – after roughly six weeks of quarantine, we are all slightly different people when it comes to how we shop, what we shop for and how much commerce we are willing to participate in. percent of consumers buying beauty and cosmetic products.

Consumer 103

Consumer Legal Volume Participant 103

The Fintech Times

MARCH 20, 2024

New research from Swedish fintech Brite Payments and YouGov has found that the way consumers pay is changing, with Pay by Bank ranking a top three payment method in the UK, Netherlands, Finland, Spain and Germany. Speed also emerges as a key consideration in consumers’ choice of payment method. Over half (50.1

Research 59

Research Payments On-Demand Economy 59

PYMNTS

JANUARY 1, 2021

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

Fintech Finance

DECEMBER 18, 2023

The project seeks to establish a new community of stakeholders, including digital financial service providers, regulatory bodies, consumer advocates, and technology companies, to address the increasing complexity of the digital finance ecosystem. They no longer work to inform, protect, and empower consumers effectively.

Consumer Protection 52

Consumer Protection Visa Consumer Economy 52

PYMNTS

SEPTEMBER 9, 2020

9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements. In a Wednesday (Sept.

Central Bank 132

Central Bank Digital Currency Visa CBDC 132

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

NOVEMBER 25, 2024

million people) have noticed a subscription payment coming out of their bank account that they could not recognise or had forgotten, according to new research by online prepaid payment firm Recharge. However, one in three subscription holders (equivalent to around 15.9

Research 59

Research Payment Issues Caps Economy 59

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Government 98

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. The post Minna Technologies Finds Subscription Services Lagging Behind Consumer Expectations appeared first on The Fintech Times.

Technology 64

Technology Consumer On-Demand Consulting 64

PYMNTS

OCTOBER 6, 2020

A new survey revealed teenagers spent less money on food, events and concerts during the COVID-19 pandemic amid fear of a worsening economy. The nationwide survey of 9,800 consumers conducted between Aug. Girls are spending about $160 more on clothes than boys, researchers found. 19 and Sept. states, with an average age of 15.8

Economy 102

Economy Research Consumer 102

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

PYMNTS

JULY 26, 2020

Neil Shah , an analyst at Counterpoint Research, the Hong Kong-based industry researcher, agreed. Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. It’s going to be a long-drawn process,” he said. The country has diverse needs.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

PYMNTS

MAY 22, 2020

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

The Fintech Times

SEPTEMBER 26, 2024

Consumers are always on the hunt for a simpler, more seamless payment method. New research from Pairpoint, the proponent and solution provider for the Economy of Things, explores this technology. New research from Pairpoint, the proponent and solution provider for the Economy of Things, explores this technology.

Research 59

Research Payments Economy Security 59

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. That tells us that consumers’ appetite for Open Banking is significant and is waiting to be satisfied.

API 147

API Payment APIs and Integration Participant Regulations 147

Fintech Finance

MARCH 20, 2024

The way consumers pay is changing, and Pay by Bank is emerging as an appealing choice, ranking as a top three payment method in the UK, Netherlands, Finland, Spain and Germany. It also shines a light on why Pay by Bank is gaining traction amongst a growing number of consumers.

Research 52

Research Instant Payments Payments Economy 52

The Fintech Times

JANUARY 19, 2024

Consumers, particularly those in the younger generations, are becoming increasingly aware of both the financial and environmental benefits of circular practices including repair and second-hand shopping; a new report from Klarna , the AI-powered payments network, has found.

Consumer 59

Consumer Economy Research Payment Networks 59

PYMNTS

JANUARY 18, 2021

A big part of the agenda is about the shift to digital in a world where, according to PYMNTS research, more than 124 million Americans have already made the digital shift for shopping for retail products, groceries and food from restaurants since March of 2020. That in itself isn’t surprising, as consumers still fearful of COVID stayed away.

Consumer 123

Consumer Caps Research On-Demand 123

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 Government 106

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

PYMNTS

SEPTEMBER 17, 2020

Consumers who rent an Airbnb , book a pet care provider with Rover or request an Uber need to be sure that the service providers on the other end are who they say they are and will provide what the user is paying for. Creating a secure yet convenient experience for onboarding customers to sharing economy services is critical.

Verification 89

Verification Authentication Economy Data Breach 89

Fintech News

NOVEMBER 13, 2024

Mastercard’s research indicates that two-thirds of shoppers struggle with manually entering their card details online. Click to Pay is being adopted by issuers like ING Spain and used by consumers at merchants like Pizza Hut. said Jorn Lambert, Chief Product Officer at Mastercard.

Visa 117

Visa Authentication Issuers Encryption 117

PYMNTS

NOVEMBER 12, 2020

The proportion of consumers shopping online for groceries grew almost 400 percent from March to May of this year, PYMNTS previously reported. A PYMNTS report found that the greatest change on consumer behavior over the pandemic can be found in grocery shopping, noting that, “Our research shows that 85.3

Economy 100

Economy Research Consumer Product 100