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Nearly One in Five Consumers Struck by Online Identity Fraud, According to ACI Worldwide Speedpay Pulse Report

Fintech Finance

More than three-quarters of Americans now prefer to pay their bills digitally, especially Gen Z and Millennials, who show a significant inclination toward mobile payments. However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft.

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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Gen Z embraces digital wallets but they actually want more

Tearsheet

Using digital wallets and mobile payment apps were once emerging trends but are now becoming common practice for both online and in-store purchases,” Christine Roberts, EVP, and President of Citizens Pay told Tearsheet recently. Moreover, online purchases drive higher digital wallet usage compared to in-store transactions.

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Visa Reveals Digital Products to be Launched Over the Year Catering to Evolving Consumer Demands

The Fintech Times

Tap to Everything There are six billion mobile devices in the world providing consumers with a versatile NFC enabled device primed to be ‘tapped’ At the end of 2023, Visa’s tap-to-pay penetration reached 65 per cent globally, up two times the penetration we saw in 2019, cementing tap as one of the best commerce experiences today.

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Latest DBS Disruption Raises Questions Despite End of MAS Restriction

Fintech News

DBS Bank has announced the restoration of its digital banking services after a temporary disruption that affected its DBS/POSB digibank Online and Mobile platforms, as well as DBS PayLah! times on the bank’s operations. The bank or MAS have yet to release an official statement on the matter.

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DBS Mobile App Outage on Saturday Occurs Amid Mounting Pressure from MAS

Fintech News

DBS and POSB customers faced difficulties accessing the bank’s mobile apps on Saturday morning, with over 500 reports of issues recorded on outage tracking site Downdetector since 7 am. A notice on the app indicated potential difficulties for customers accessing their digibank mobile services.

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What Should We Expect to See From Embedded Finance in 2024?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Whether it be retailers, ride-hailing apps, super-apps, or other non-bank service providers, embedded finance appears to be making its way into every sub-sector.