Fintech News

MAY 28, 2024

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

APACS 115

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 115

PYMNTS

OCTOBER 21, 2020

The ownership economy is going full throttle. Lest you think the change has been all about streaming media, about home delivery of meals and meal kits, of staying in … AutoNation’s results herald a pivot toward an age of personal mobility. Higher demand and tight inventory should continue into the next year, he said.

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

The Fintech Times

NOVEMBER 14, 2024

Furthermore, none have excelled when it comes to mobile and internet adoption and accessibility. In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. Nonetheless, the advent of fintech could prove fruitful for all four countries. In October 2024, O!

FinTech 72

FinTech Online and Mobile Banking Financial Inclusion Central Bank 72

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. in 2020, reaching $4.28

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

Segpay

SEPTEMBER 20, 2023

PCMI calculates market size by including all merchant verticals, PC, mobile and in-app purchases, cross-border e-commerce transactions through locally issued cards and all card-not-present transactions, such as recurring payments. The Rise of Brazil's Subscription Economy Now let us explore our main topic. million internet users 152.4

Economy 52

Economy Processors Disputes Cross-Border 52

PYMNTS

DECEMBER 18, 2020

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). Morgan , said financial institutions (FIs) need to offer those firms payments functionality on demand. It's not about cloud.

Economy 67

Economy API FedWire Payment APIs and Integration 67

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening. In a recent study, Insider Intelligence found that Gen Z mobile banking adoption continues to rise by 12.4 million in 2020 to 47.8

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

The Fintech Times

MARCH 14, 2024

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. With an internet penetration rate of 73 per cent , Filipinos are increasingly leveraging online platforms for a range of activities, from social interactions to shopping and entertainment.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

Fintech News

MAY 15, 2024

The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers. The gaming industry in Asia continues to multiply, driven by the increasing number of smartphone users and the popularity of mobile gaming.

FinTech 94

FinTech Online and Mobile Banking Payment APIs and Integration Economy 94

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This report provides a comprehensive analysis of the U.S. They also set interchange fees that cover transaction costs and risks.

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. year over year, from 20.7 million in 2020 to hit 47.8 million by 2026.

Visa 59

Visa Accounts Issuers Online and Mobile Banking 59

Fintech Finance

FEBRUARY 29, 2024

Mastercard and MTN Group Fintech have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments, expanding access to the benefits of the cashless digital economy.

Visa 52

Visa Financial Inclusion FinTech Online and Mobile Banking 52

PYMNTS

JANUARY 14, 2021

Real-time settlements — where funds are transferred quickly between banks, such as those facilitated by Visa Direct — can help close those cash-flow gaps as these smaller firms navigate the day-to-day challenges of buying inventory, paying bills and covering shipping costs. Thinking Beyond the Bank. businesses. “As

Economy 72

Economy Settlement Online and Mobile Banking On-Demand 72

Fintech Finance

JUNE 6, 2024

Hibret Bank , in collaboration with Mastercard , has announced the launch of the Prepaid Hibir Mastercard services, marking a significant milestone in the journey towards financial digitization in Ethiopia. “We are delighted to power seamless and secure transactions for Hibret Bank, leveraging our robust payment switch infrastructure.

Financial Inclusion 52

Financial Inclusion Visa Online and Mobile Banking Cross-Border 52

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. S&P’s analysis shows that Indian mobile-payment transactions grew 163 percent to $287 billion in 2019.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

JULY 3, 2020

For instance, Taylor said one of her bank’s clients runs regional bike shops that have seen business boom to such an extent that “they can’t keep the bikes or the equipment on the shelves.”. They may want to order online and pick up curbside. Consumers absolutely are going [to] purchase differently post-pandemic, across the board.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

The Fintech Times

JULY 28, 2024

Better communication Svetlana Kouznetsova, an independent B2B accessibility strategy consultant Svetlana Kouznetsova , an independent B2B accessibility strategy consultant explains that fintechs can be more accessible by acting on customer demands. But it doesn’t stop there. Following this, they must then tailor education towards them.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

PYMNTS

OCTOBER 11, 2018

The gig economy is thriving, and workers are taking note: Approximately one-third of the U.S. Gig economy platforms have found an alternative. Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps. workforce has participated in it in some way.

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

SEPTEMBER 25, 2019

Platform economies want to make it easy for consumers to join. Stephen Ritter , CTO at Mitek , told Karen Webster in an interview that the sharing economy presents easy targets for fraudsters — and lucrative ones, too. Within certain verticals of the sharing economy, there is mounting pressure to ratchet up security.

Economy 75

Economy Verification Online and Mobile Banking Security 75

Fintech Finance

JUNE 18, 2024

Remittance flows in Asia Pacific have softened in the past year amid persistent inflationary pressures and tightening labour markets in the high-income host economies of overseas foreign and migrant workers. “The power of remittances in uplifting ecosystems and economies across the globe is well-understood.

Online and Mobile Banking 93

Online and Mobile Banking Economy On-Demand Volume 93

PYMNTS

JANUARY 13, 2020

For those watching the payments sphere, the tea leaves are there for the reading, tied to mobile and digital banking adoption, to outstanding balances on cards, and to auto loans and mortgages. 15) will mark releases from Bank of America and Goldman Sachs. Going Mobile. Tuesday (Jan. Looking at Credit. Interest rate cuts?

Consumer 52

Consumer Online and Mobile Banking Zelle P2P 52

PYMNTS

APRIL 23, 2020

The rise of FinTech, the increasing globalization of finance — and even ravages of the coronavirus, which is making us all bank and transact across phones — all have pointed to one simple, urgent question: Just what is a bank, anyway? In a recent PYMNTS study , What is a Bank: What U.S. As many as 36.8

Online and Mobile Banking 100

Online and Mobile Banking Checks Debit Card Community Banks 100

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Building Trust Between Banks and Consumers Online.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

Clearly Payments

JANUARY 25, 2024

In this 2024 report, we’ll explore how payment methods have evolved in the Canadian market, focusing particularly on the shift towards digital, contactless payments , and mobile along with other 2024 trends. The Number of Businesses in Canada Let’s take a closer look at Canadian businesses – the heartbeat of our economy.

Process 94

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 94

Fi911

DECEMBER 19, 2023

As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. The rapid evolution of technology and the escalating demand for online banking services have made machine learning (ML) an invaluable asset in preemptively tackling fraud risks. The resounding answer is yes.

Fraud Prevention 92

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 92

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

Clearly Payments

AUGUST 24, 2024

According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023. World Bank data indicates that global remittances reached $794 billion in 2023. World Bank data indicates that global remittances reached $794 billion in 2023.

Debit Card 83

Debit Card P2P Cross-Border Central Bank 83

PYMNTS

APRIL 10, 2020

Those channels could be the mobile device, the online device, the ATM, the call center or even in-branch,” said Samy. The advent of the digital age means that, say, a millennial opening that bank account can receive products or services from their FI that touch on financial well-being and educational services.

Online and Mobile Banking 67

Online and Mobile Banking Irrevocable Payment Irrevocability Transactions 67

PYMNTS

MAY 7, 2020

The prospect of restarting the economy of bringing all manner of everyday life in the U.S. back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. He noted there’s been a significant increase in demand for interactive teller machines (ITMs).

ATM 122

ATM Credit Union Online and Mobile Banking On-Demand 122

The Fintech Times

JULY 31, 2024

The news comes as part of a Visa commitment to empower Vietnamese SMBs and boost the national economy, by accelerating their contactless payment acceptance. Customers can tap their Visa card or any contactless-enabled device (such as a mobile phone, tag, or smartwatch) on a contactless terminal to make payments.

Contactless Payments 59

Contactless Payments Payment Solutions Online and Mobile Banking On-Demand 59

Tearsheet

NOVEMBER 21, 2024

billion people on the planet, only some people have the resources or access to participate in the global economy fully felt like a problem Caplan was determined to address. Growth, he notes, requires collective efforts involving fintechs, banks, regulators, and governments instead of limiting collaboration to similar entities. “My

Cross-Border 52

Cross-Border Online and Mobile Banking Compliance Community Banks 52

The Fintech Times

FEBRUARY 19, 2024

Digital and mobile payments have become the predominant payment methods, leading many to believe that cash is on the verge of extinction. The transition to a cashless society is propelled by a convergence of technological innovation, changing consumer demands, and a quest for enhanced financial efficiency.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

MAY 7, 2024

To understand how fintechs are catering to these changing demands, we sat down with Federico Balige , LatAm CEO of PayU GPO, the paytech. Federico Balige, LatAm CEO of PayU GPO PayU GPO stands at the forefront of online payment services across more than 50 high-growth markets, including Latin America, Africa, and Eastern Europe.

Digital Payments 64

Digital Payments Online and Mobile Banking Financial Inclusion Payments 64

PYMNTS

MARCH 19, 2020

Also, Square won a banking license for an industrial bank in Utah. JPMC First Big Bank to Shutter Branches as Virus Spreads. FDIC Approves Square for Banking License. The Federal Deposit Insurance Corporation (FDIC) granted Square a banking license to operate a de novo industrial bank in Salt Lake City.

FDIC 52

FDIC Online and Mobile Banking Advisors Acquirers 52