The Fintech Times

AUGUST 15, 2024

Many consumers are dissatisfied with the digital services offered by financial institutions, with a significant number seeking better access to financial products and personalised advice, research has revealed. “However, there’s only so much the government can do to bring modern data solutions to its citizens. .

Research 58

Research Government Governance Finance 58

Fintech Finance

OCTOBER 28, 2024

aIn parallel, the demand for embedded finance from small-and-medium-sized businesses (SMBs) — a sector typically underserved by traditional financial institutions — has broadened well beyond payments.1 Given typical margins on these products, most platforms have an opportunity to multiply their current revenues by up to three or four times.

Embedded Payments 84

Embedded Payments Embedded Finance Research Finance 84

Fintech Finance

SEPTEMBER 19, 2024

New research published today by Adyen , the global financial technology platform of choice for leading businesses, has uncovered the importance of a frictionless payment experience for hotel customers, with over a third (37%) of consumers admitting to have left the booking process because they haven’t been able to pay the way they would like.

Research 75

Research BNPL Payments Returns 75

Fintech Finance

NOVEMBER 13, 2024

New research from Visa has revealed that two in five (40%) UK consumers would replace everyday personal items with biometrically powered devices – such as replacing their house or car keys with fingerprint access or facial ID. Surprisingly, nearly a third of people over the age of 65 would also make this swap.

Consumer 68

Consumer Crime Research Authentication 68

Fintech Finance

JULY 30, 2024

However, a survey of consumers revealed a mixed picture when it comes to adoption and attitudes towards Open Banking payments, also known as pay-by-bank. While Open Banking adoption is on the rise, there is a significant need to educate consumers about its benefits and alleviate their concerns.

Research 79

Research Continuity FinTech Cross-Border Payments 79

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 63

Technology Consumer On-Demand Consulting 63

NFCW

APRIL 4, 2024

More than 80% of the respondents to a survey conducted by ABI Research on behalf of the NFC Forum said they have used a smartphone or smartwatch to make a contactless payment. The biennial NFC Usage and Adoption Study involved consumers in nine countries — the US, the UK, France, Italy, Spain, Germany, China, Japan and South Korea.

Consumer 94

Consumer Contactless Payments Use Case Research 94

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 58

Research Payments On-Demand Economy 58

The Fintech Times

AUGUST 21, 2024

Tink , the data enrichment and payment services platform, has conducted research into UK consumers’ attitudes to financial management tools. These findings are extremely timely as 75 per cent of UK consumers are mindful about what they are buying due to high costs. It has revealed that as many as 7.6

Consumer 58

Consumer On-Demand Finance Research 58

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. However this is also influenced by other prevailing macroeconomic trends.

FinTech 141

FinTech Consumer Financial Inclusion On-Demand 141

Fintech Finance

JULY 10, 2024

Research released today by emerchantpay , a leading global payment service provider and acquirer, has revealed the factors influencing how consumers choose to pay online. The demand for these aspects highlights the need for merchants to offer Open Banking as a payment method at the checkout.

Privacy 71

Privacy Consumer Security Payments 71

PYMNTS

AUGUST 3, 2020

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. Various compensation alternatives have recently emerged that are more aligned with workers’ on-demand expectations. as W-2 employees.

On-Demand 84

On-Demand Payments Payroll Economy 84

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 68

Consumer BNPL Payments Payment Solutions 68

PYMNTS

JULY 27, 2020

Now, Edwards said, banks are at the same starting point on disbursements, but this is the opportunity to capitalize on the next big digital payments wave — from digital to instant, on-demand money, creating a modern disbursements experience. The evolution to make all payouts instant, on demand and with choice, he noted, is underway.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

Fintech Finance

MAY 3, 2024

American small- and medium-sized businesses (SMBs) looking to expand abroad face harsh logistical realities, according to new research commissioned by global technology company Wise. The post Hidden Costs, Complexity of International Payments Threaten Small Business Expansion, New Research Reveals appeared first on Fintech Finance.

Small Business 52

Small Business International Payments Research Cross-Border Payments 52

Tearsheet

JULY 17, 2024

50% of customers analyzed a purchase in the last year, and 24% investigated a payment because they did not recognize it, according to recent research by Mastercard. 80% of consumers believe that easier access to this information would improve their process of investigating an unrecognized transaction, according to the research.

Issuers 80

Issuers Consumer Visa Disputes 80

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

Fintech Finance

APRIL 5, 2024

The study, conducted by ABI Research highlights the accelerating migration from physical to digital wallets, with more than 80% of those surveyed confirming that they have used a smartphone or smartwatch to make contactless payments. 53% confirmed they do so multiple times each week. 53% confirmed they do so multiple times each week.

Research 40

Research Technology Contactless Payments Use Case 40

Fintech Finance

FEBRUARY 12, 2024

The research showed that online and in-person cash payments are the most popular ways to pay, while over a quarter of consumers want to pay via Direct Debit. Open Banking UK data also shows that one in ten British consumers are active users of open banking and Gen Z is a key demographic within this uptake.

Research 52

Research Online and Mobile Banking Payments Credit Cards 52

The Fintech Times

MARCH 27, 2024

Financial service providers may be shirking their consumer duty responsibilities, according to new research from open banking, open finance and payments provider Moneyhub. The new research also highlights a difference in the service provided to consumers depending on their income.

Service Provider 63

Service Provider Finance Rules Consumer 63

PYMNTS

DECEMBER 24, 2020

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. eCommerce spiked because consumers demanded it and drove it.

Economy 118

Economy Consumer On-Demand Shutdown 118

The Fintech Times

SEPTEMBER 24, 2024

Recent macroeconomic and geopolitical issues across the globe have hit consumers where it hurts the most: their wallets. In the UK, 29 per cent of adults reported that their financial health has deteriorated over the past six months alone, according to new research from data and payments fintech Moneyhub.

Financial Literacy 68

Financial Literacy Consumer Service Provider On-Demand 68

PYMNTS

NOVEMBER 14, 2018

However, as awareness grows about the dangers of predatory payday lenders and the costs of bank overdrafts, employees demand better alternatives. Researchers are beginning to explore the potential for on-demand wages to address some of professionals’ personal cash flow challenges. In the U.S.,

On-Demand 58

On-Demand Payroll Consumer Financial Protection Bureau (CFPB) Real Time Payments 58

PYMNTS

FEBRUARY 3, 2020

It’s a challenge that Laurel Hess, founder and CEO of on-demand laundry platform hampr , knows firsthand. Hess researched laundry services and wasn’t satisfied with the options already on the market. Consumers can use the platform today by purchasing a membership for a yearly fee, which comes with the first four hampers.

On-Demand 52

On-Demand Consumer Credit Cards Returns 52

The Fintech Times

FEBRUARY 27, 2024

Significantly increased costs, paired with higher interest rates, are leaving over half of people in the UK to regularly worry about their financial situation, new research from Moneyhub has revealed. In both cases, Moneyhub research suggests that banks and financial institutions, as well as pension providers, could all be doing more to help.

Finance 63

Finance Consumer Research API 63

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

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 63

Consumer Credential On-Demand Economy 63

Fintech Finance

FEBRUARY 21, 2024

Through this collaboration, BR-DGE’s merchants will have access to the latest PayPal technology enabling them to offer cutting-edge payment innovations to consumers via BR-DGE Connect, its payments ecosystem connectivity tool. PayPal Braintree empowers consumers globally with the ability to pay how they want at leading e-commerce retailers.

PayPal 52

PayPal Consumer Payments Venmo 52

PYMNTS

AUGUST 13, 2020

Amazon ’s reputation rests on providing consumers with almost anything they could want in one place — quickly — and with just a few clicks. It turns out that consumers may be more willing than expected go the extra mile to find their favorite products, though. These shifts are reflected in consumers’ growing tendency to try new brands.

Consumer 98

Consumer Research Product On-Demand 98

PYMNTS

OCTOBER 5, 2020

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Such moves seem likely to win over consumers in the COVID-19 era. Prior to the pandemic, few consumers had experimented with contactless payments at all.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

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 110

Consumer Financial Literacy Regulations AI 110

PYMNTS

JANUARY 14, 2021

This means consumers are turning more to digital tools, but unlocking and embracing the potential benefits of these tools has not been easy. More than half of consumers find it difficult to locate relevant information on their banks’ websites, for example, a problem that led many to seek assistance in physical branches.

Consumer 89

Consumer Online and Mobile Banking On-Demand Research 89

The Fintech Times

DECEMBER 13, 2023

One year after the Edinburgh Reforms – described in December 2022 as one of the biggest overhauls of financial regulation for more than three decades – UK startups have criticised ‘delayed progress’ to a consumer credit shakeup.

Consumer 58

Consumer FinTech Treasury Consulting 58

PYMNTS

SEPTEMBER 9, 2020

Bringing a brand directly to consumers over digital channels was an option to consider in the pre-pandemic world — but the question for brands today in our radically digitized world is not if, but when, according to sticky.io Reimagining How Brands Relate To Consumers. Chief Operating Officer Ro Bhatia. They have to be creative.

Consumer 92

Consumer On-Demand Research Product 92

The Fintech Times

NOVEMBER 16, 2024

Digital wallets, open banking and instant bank transfers are set to become the main forces transforming the payments landscape in the coming year, according to new research by payabl , the European financial service provider. As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.

Fraud Prevention 58

Fraud Prevention Compliance Regulatory Compliance AI 58

The Fintech Times

NOVEMBER 12, 2024

E-commerce merchants must embrace local payment methods in order to unlock significant growth, suggests a new report from market research firm Juniper Research. The research also suggests that payments for digital subscription services will grow the fastest in and around India over the next five years.

Payments 58

Payments Research On-Demand Facilitators 58

PYMNTS

NOVEMBER 18, 2016

Census, consumers in the U.S. According to research from Statista , 86 percent of Americans still shop solely at brick-and-mortar grocery stores, and the industry accounted for just 2 percent of the more than $341 billion spent online last year. According to the most recent report from the U.S. percent from the year’s opening quarter.

On-Demand 46

On-Demand CHIPS Product Research 46