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

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

The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. The service was introduced as part of a government initiative to increase competition in the banking sector, aiming to reduce the inertia that had kept 75% of account holders with the same bank for years.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

PYMNTS

JANUARY 1, 2020

Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today. That connected economy will be the result of the full force of the Internet of Things (IoT) in action. billion of whom have a mobile phone. Payments will power that shift.

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 129

Online and Mobile Banking Treasury Non-Bank Finance 129

Fintech Finance

JULY 12, 2024

Datapro , a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. End points can include bank accounts, mobile wallets, cards, and cash payout locations. “As

Cross-Border Payments 98

Cross-Border Payments Cross-Border Visa Payment APIs and Integration 98

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

NOVEMBER 12, 2020

Many businesses have benefited from the digital shift and lifestyle changes brought on by the coronavirus, but few have seen the kind of growth that the freelancer-banking app Lili has since the traditional economy went dark in March. “We One is an uptick with the freelance economy in general within the U.S.,”

Economy 101

Economy Volume Participant Accounts 101

PYMNTS

OCTOBER 11, 2018

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

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

Fintech News

JUNE 26, 2024

Alipay+, the company’s cross-border mobile payment platform, is now accepted by over 90 million merchants in 66 markets. Its D-store solution, which allows MSMEs to create online stores quickly and easily, has been adopted by over 5,000 businesses and has seen a 27% increase in average monthly transactions in the second quarter of 2024.

Online and Mobile Banking 106

Online and Mobile Banking Embedded Finance Cross-Border Small Business 106

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

Stax

NOVEMBER 20, 2023

Participating in Small Business Saturday can help SMBs boost revenue, foster customer loyalty, and strengthen the local economy. Why Participate in Small Business Saturday? With 71% of surveyed shoppers doing their holiday shopping on Small Business Saturday, SMBs can maximize holiday sales by participating.

Small Business 88

Small Business Online and Mobile Banking Participant On-Demand 88

PYMNTS

JULY 22, 2019

Instant payments are becoming crucial to consumers participating in the platform economy. In the July edition of the Payments And The Platform Economy Playbook , PYMNTS looks at how instant payments are making their way into the platform economy and how mobile apps and payments are becoming make or break to the sharing economy itself.

Instant Payments 66

Instant Payments Online and Mobile Banking Economy Payments 66

PYMNTS

DECEMBER 15, 2020

to help offer an alternative payment method for those looking to transact online, according to a press release. Paysafecash, the release stated, will help the 22 percent of Americans with no bank accounts or who are underbanked according to the Federal Reserve's research. for our Paysafecash solution," he said in the release.

Alternative Payment Methods 72

Alternative Payment Methods Online and Mobile Banking Federal Reserve Payments 72

PYMNTS

MARCH 13, 2019

Open banking is a bit more than a year old in the United Kingdom, and is viewed positively by a majority of financial institutions. Specifically, open banking will help streamline and speed application and onboarding processes, as voiced by 52 percent of those surveyed.

Online and Mobile Banking 62

Online and Mobile Banking Payment Gateways API Governance 62

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 integration of digital payment options, such as mobile, contactless and online payments, has become a cornerstone of modern commerce.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. But it’s not just credit cards that are helping to spell the demise of cash; mobile phones have also accelerated the move away from hard currency.

Economy 41

Economy IRS Online and Mobile Banking Money Laundering 41

Clearly Payments

FEBRUARY 12, 2024

This article aims to explore the impact that Visa and Mastercard has on the payment industry, examining their influence on innovation, regulation, consumer behavior, and the broader economy. Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa.

Visa 90

Visa Payments Payment Networks Online and Mobile Banking 90

The Fintech Times

JULY 16, 2024

Allied Payment Network , a provider of real-time, open-network payments solutions to banks and credit unions, adds Hank Vanjaria as its new chief financial officer. Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.

FinTech 52

FinTech Online and Mobile Banking Non-Bank Payment Gateways 52

PYMNTS

JANUARY 14, 2019

In an interview with PYMNTs’ Karen Webster, Saqib Nazir, managing director of Africa at Emergent Technology delved into the ways the payments landscape across Africa is ripe for digital and mobile conduits, and a “cash light” mentality that focuses on the needs and desires of a burgeoning and youthful population. billion people.

Online and Mobile Banking 85

Online and Mobile Banking Economy Accounts Transactions 85

The Fintech Times

FEBRUARY 27, 2024

Fostering financial inclusion Michael Wallis-Brown, VP of mobile FS, Ericsson Characterised by their swiftness, accessibility and innovation, digital wallets offer practical solutions for managing expenses during economic challenges, explains Michael Wallis-Brown , vice president and global head of mobile financial services at Ericsson.

Financial Inclusion 102

Financial Inclusion Online and Mobile Banking Transactions Consumer 102

PYMNTS

DECEMBER 23, 2020

The freelance economy is witnessing rapid growth in participation worldwide. in 2021, while additional research reveals that ad hoc workers already contribute $1 trillion to the nation’s economy. One recent report found that 57 million freelancers are expected to operate in the U.S. Thirteen percent of U.K.

Cross-Border Payments 108

Cross-Border Payments Cross-Border Wire Transfer Payments 108

PYMNTS

AUGUST 15, 2019

Japan, in the last several years, has been something of a puzzle among mobile payments watchers around the world. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999. And the first mobile wallet in history launched in Japan — created by I Mode and DOCOMO 20 years ago in 1999.

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

The Fintech Times

MARCH 20, 2024

Titled, Explore China Your Way with UnionPay: China UnionPay Payment Service Optimization – Project Excellence 2024 , the ceremony was attended by Zhang Qingsong , member of the CPC People’s Bank of China (PBOC) Committee and deputy governor of the PBOC , and Xie Dong , Vice Mayor of Shanghai. in key cities and use cases.

Use Case 59

Use Case Online and Mobile Banking Governance Government 59

PYMNTS

FEBRUARY 24, 2020

Freelancers contribute more than $1 trillion to the American economy alone, and their freedom represents a challenge for businesses that have not yet tailored their payment processes to the gig economy. Ad hoc workers desire wage advances, as well as access to flexible funds, instant payments and mobile solutions.

Online and Mobile Banking 62

Online and Mobile Banking Payments ACH Economy 62

PYMNTS

JULY 29, 2019

Although consumers are still without formal access to traditional financial services, a growing number of them are closely tied to their mobiles phones, and all the commerce and payments opportunities offered by those devices. A staggering 725 million of those people wield mobile devices. Transparency Push. billion people.

Online and Mobile Banking 77

Online and Mobile Banking Disputes Participant Central Bank 77

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston. A report by Juniper Research predicts that by 2024, there will be 4.6

Credit Cards 94

Credit Cards Federal Reserve FedNow Online and Mobile Banking 94

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 Thasunda Duckett, chief executive of Chase Consumer Banking, told the news service she “hopes the new accounts will attract more low-income individuals and people who have never had bank accounts.”

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Previous investor JAFCO also participated and remains committed to supporting Kyash’s vision. Past investors include Jafco Co.

FinTech 80

FinTech Online and Mobile Banking ATM Participant 80

PYMNTS

SEPTEMBER 19, 2019

The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for criminals. Successful criminals, including those who ply their trade via digital and mobile channels, have certain advantages: flexible morality, of course, is one; another is determination.

Online and Mobile Banking 53

Online and Mobile Banking Payments Bots Crime 53

Clearly Payments

FEBRUARY 14, 2024

In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. billion mobile wallet users globally , highlighting the rapid adoption of these convenient and secure payment options. With over 7.2

Payments 83

Payments BNPL Value Added Service Payment Gateways 83

The Fintech Times

JUNE 18, 2024

Company updates Atom bank , the UK app-based bank, has unveiled its strongest ever financial results, driven by a significant increase in lending while keeping costs low. MobileID is Signicat’s flagship product for secure user authentication via mobile apps.

FinTech 59

FinTech Verification AI Online and Mobile Banking 59

PYMNTS

JUNE 10, 2019

The role of trust in the digital economy has become more visible and important, and it’s pretty much a given that few online or mobile-focused companies will scale and succeed without winning the trust of consumers and other participants in their specific ecosystems. The Role Of Trust.

Online and Mobile Banking 66

Online and Mobile Banking Authentication Data Breach Credential 66

PYMNTS

MAY 12, 2017

While shopping online is not much of an event for anyone anyplace on Earth at this point, Hyperwallet Managing Director for Asia-Pacific, Simon Banks, noted that even in the very recent past that wasn’t quite the case. “If And, noted Banks, payments essentially became that trust chit necessary to make the system operate properly.

Online and Mobile Banking 43

Online and Mobile Banking Economy Participant Consumer 43

PYMNTS

SEPTEMBER 11, 2018

Digital financial services are looking at an uphill climb in beating cash use in countries like Turkey, despite the undeniable growth of digital payment methods and mobile apps. More than half of Turkey’s population is under 30, making them highly likely to experiment with newer online technologies.

Online and Mobile Banking 43

Online and Mobile Banking Finance Digital Payments Mobile Payments 43

PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Around The AML/KYC World.

Money Laundering 62

Money Laundering Security AML Online and Mobile Banking 62

Fintech News

FEBRUARY 7, 2024

Netbank – US$344 million (Series A, Philippines) Filipino banking-as-a-service (BaaS) provider Netbank secured the largest funding round in Southeast Asia (excluding Singapore) last year, raising in May 2023 a US$344 million Series A funding round, data from KPMG and Pitchbook show. billion (US$36 million) in premiums.

FinTech 106

FinTech Online and Mobile Banking Non-Bank On-Demand 106