Fintech News

MARCH 13, 2024

Ajaib Kripto, the crypto trading application developed by Indonesian investment technology unicorn Ajaib, has announced a significant surge in its Bitcoin trading volume, marking a tenfold increase since the beginning of Q4 2023. In the past five months, the demand for Bitcoin from our customers has been truly remarkable.

Volume 52

Volume Bitcoin Cryptocurrency On-Demand 52

Fintech Finance

DECEMBER 13, 2023

Specifically, Trustly’s RTP® volume grew 29% in transaction volume and 31% in payment value from Q2 2023 to Q3 2023. The rapid adoption of its RTP® service has led Trustly to now be approaching 10% of the RTP® network’s total transaction volume.

RTP 52

RTP Volume Real Time Payments Origination 52

PYMNTS

DECEMBER 18, 2020

18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S. The company said that those factors were offset, in part, by expenses to help with formidable demand and to grow services, pandemic-related costs and “variable compensation expense.”. FedEx reported on Friday (Dec. in diluted EPS on $17.3

Volume 105

Volume Adjustments On-Demand Returns 105

Fintech Finance

OCTOBER 17, 2024

The global stablecoin payment volumes have been growing quickly, increasing tenfold since 2020, reaching $2.5 To meet the demand from BVNK’s customers, the collaboration will streamline payment operations, reduce costs, and ensure faster transaction times across borders. trillion in June 2024.

Business Payments 105

Business Payments Stablecoins Use Case Payments 105

PYMNTS

SEPTEMBER 24, 2020

Target said it plans to double the number of workers at each store handling same-day Drive Up and Order Pickup, with demand for the service having quadrupled. Target is poised to embark on its annual hiring binge to prep for the upcoming holiday season, but this year the retail giant is doing things a bit differently.

On-Demand 46

On-Demand Volume Consumer 46

DeckCommerce

SEPTEMBER 25, 2024

As retail businesses grow, so do the demands on the way they handle orders. A scalable Order Management System ( OMS ) allows businesses to efficiently handle increasing volumes of orders, customers, and inventory without compromising performance.

Automation 52

Automation Process Compromise On-Demand 52

PYMNTS

NOVEMBER 17, 2020

Over 60 percent of banks say fraud volumes are rising, with over 40 percent reporting that average fraud hit value is going up. Fraudsters know that higher transaction volumes and a demand for fast processing times leave merchants vulnerable to attacks. Behavioral Biometrics Ensure You Are You .

Volume 72

Volume Transactions Account Takeovers Phishing 72

PYMNTS

NOVEMBER 4, 2020

4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance of its pre-pandemic portfolio continued to be resilient. The company also said it expects to see continued strong demand for loans, forecasting a $250 million to $300 million increase in Q4 originations. Sanborn said the fact that U.S.

Volume 111

Volume On-Demand NOV Continuity 111

PYMNTS

DECEMBER 6, 2019

backers focused on accounts payable (AP) technology, cannabis procurement and small business lending, to name a few – but it was a FinTech specializing in the high-growth market of on-demand payroll that secured the top spot in this week’s roundup. and also to scale to meet existing customers’ demand.

On-Demand 53

On-Demand Payroll B2B FinTech 53

PYMNTS

APRIL 9, 2020

With the coronavirus pandemic driving demand for financing by small companies, early payment volume is higher by 208 percent month over month per insights from Taulia. It not only lets buyers optimize their working capital: It also provides on-demand invoice funding options to suppliers.

Volume 60

Volume Payments On-Demand Small Business 60

PYMNTS

NOVEMBER 26, 2019

All of our members are now super accustomed to an on-demand world, with … Uber and Lyft and Seamless and Grubhub and Amazon Prime,” Grace Roberto, SAFE’s senior digital product manager, recently told PYMNTS. SAFE has been delivering on-demand experiences since 2016, when it launched a targeted marketing function on its mobile app.

Credit Union 52

Credit Union On-Demand Push-to-Card Privacy 52

PYMNTS

JULY 14, 2020

Moreover, Dimon noted that while the bank saw some of its lending portfolio hit hard by the pandemic during the second quarter, JPMC has also started seeing some green-shoot signs of returning consumer demand. Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We billion from $9.7

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

PYMNTS

APRIL 24, 2019

This is the first time parent company PayPal has revealed any user numbers for the app, with its Q1 earnings report showing that the total payments volume for Venmo grew 73 percent year over year to reach $21 billion. The company added that Venmo is on track to generate $100 billion in payments volume this year. billion estimates.

Venmo 53

Venmo Volume PayPal Debit Card 53

Fintech Finance

AUGUST 15, 2024

So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually. is growing.

Instant Payments 105

Instant Payments Treasury RFP RTP 105

PYMNTS

AUGUST 2, 2019

And while it might seem that offering customization for every item would be a costly way of doing business, Krishnan pointed out that their on-demand model is actually a more cost-efficient way to play in the fashion industry, because there is not a lot of waste inventory. They wanted to see it in person, touch it and try it on.

On-Demand 49

On-Demand Returns Product Consumer 49

PYMNTS

OCTOBER 1, 2019

Although bargains from Chinese retailers have hurt demand for the iPhone , the region had the third largest sales volume for Apple products in 2018. Kuo noted that while demand for the standard iPhone 11 is “lackluster” in the U.S., there is an appetite for the “more expensive iPhone 11 Pro.”.

On-Demand 43

On-Demand Processors Volume Research 43

PYMNTS

OCTOBER 29, 2020

While demand remained muted due to global uncertainty around COVID-19, spend volumes across all segments steadily recovered as we progressed through the quarter," CEO and Chairwoman Melissa Smith said in a letter that accompanied the earnings release. FinTech WEX lost $57.7 million, or $1.49 a share, on revenue of $382.1

Volume 49

Volume B2B Accounts Payments 49

Fintech News

SEPTEMBER 11, 2024

The bank saw its crypto trading volume triple in early 2024, driven by increasing institutional demand. In line with this growing interest in stablecoins, Singapore’s largest bank, DBS, has been exploring the listing of stablecoins on its digital exchange.

Stablecoins 138

Stablecoins Issuers Cryptocurrency Payments 138

Fintech News

JULY 24, 2024

billion in client assets, experienced two-fold increase in crypto spot trading volumes and a 500% rise in crypto derivatives trading, as well as a significant rise in loan volumes, exceeding 360% year-to-date. The company, which manages approximately US$4.5 said Martin Burgherr, Sygnum’s Chief Clients Officer.

Volume 105

Volume Regulations Settlement Bitcoin 105

The Payments Association

OCTOBER 3, 2024

Yet, achieving this transformation is far from simple—it demands a strategic overhaul of the entire tech stack, from customer-facing applications to backend processing systems. Moreover, with 95% of all purchases will be made online by 2040 , the demand for seamless digital payment experiences is only expected to grow.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

PYMNTS

APRIL 26, 2019

Jiang Fan wants to increase transaction volume by two times in three years. With ambitious aims for Alibaba Group Holding Ltd., Fan, who is one of the closest lieutenants to Jack Ma, runs the two largest eCommerce businesses for the firm, Bloomberg reported. The company’s stock increased 1.2

Volume 49

Volume Transactions B2C On-Demand 49

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

Fintech News

JUNE 25, 2024

However, as the company’s user base skyrocketed and transaction volumes soared, it became evident that a robust and scalable technological foundation was crucial to sustain this meteoric rise. Zikry revealed that their initial setup using MySQL-like databases struggled to cope with the escalating transaction volumes during peak events.

Database 124

Database Volume On-Demand Disaster Recovery 124

NFCW

JULY 9, 2024

CONSUMER PREFERENCE: Customer demand is driving the uptick in contactless card shipments: Nine in ten of the 3.2bn smart payment cards and modules shipped in 2023 included support for contactless payments “as consumers in all markets embrace touch free payments and tap-to-pay goes mainstream”, the Smart Payment Association reports.

Contactless Payments 96

Contactless Payments Payments On-Demand CHIPS 96

PYMNTS

JULY 28, 2020

The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. ” June’s year-over-year drop in demand was particularly acute in regions that generate much of the world’s passenger air travel.

Volume 56

Volume On-Demand Economy Returns 56

Fintech Finance

OCTOBER 8, 2024

WadzChain’s hybrid blockchain is designed to cater to all types of payments needs including micropayments, high-volume payments, disbursements, benefits and many more. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises. It is the foundation for cutting-edge payment innovations.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

Fintech Finance

AUGUST 21, 2024

This collaboration will also introduce one of the few integrated payment and POS/PMS solutions in Mexico, addressing the region’s growing demand for innovative and contactless payment solutions. The post Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions appeared first on FF News | Fintech Finance.

Payment Solutions 98

Payment Solutions Point-of-Sale (POS) Contactless Payments Payments 98

Fintech Finance

SEPTEMBER 5, 2024

Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences. Fifth Third’s commercial payments business currently processes $17 trillion in annual payments volume and serves 25% of the Fortune 100.

RTP 96

RTP Innovation ACH Embedded Payments 96

Fintech Finance

AUGUST 21, 2024

After processing $58 billion in transaction value globally and achieving 79 percent year-over-year growth in Total Payments Volume (TPV) in 2023, Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking Payments. Trustly, Inc., I’ve known Adam for years.

Payments 96

Payments On-Demand Product Finance 96

The Fintech Times

OCTOBER 14, 2024

Obsidian will meet the industry’s demands as it enables clients to rapidly issue new virtual and physical payment cards, manage growing payment card portfolios and authorise growing volumes of payment transactions. All the while it will migrate infrastructures onto the cloud to reduce cost and increases flexibility.

Issuers 52

Issuers Compliance Compromise Processors 52

PYMNTS

APRIL 16, 2020

Requests for deferrals on mortgage payments have been relatively low in volume, according to Moynihan — though the bank has preemptively suspended foreclosures or repossessions of autos, which may have been pending before the crisis began. Demand for loan products has also fallen. Given the full-scale shutdown in the U.S.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

Fintech News

SEPTEMBER 17, 2024

According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. India’s digital payment landscape has seen remarkable growth over the past decade.

Digital Payments 106

Digital Payments Credit Cards Payments Online and Mobile Banking 106

Fintech Finance

JUNE 17, 2024

Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today. We see an incredible amount of demand for a similar all-in-one solution across Europe,” states Shift4 CEO Jared Isaacman.

Point-of-Sale (POS) 98

Point-of-Sale (POS) Acquirers Advisors Legal 98

PYMNTS

NOVEMBER 5, 2020

LendingClub Q3 Loan Volume Snaps Back 80 Pct. 4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance of its pre-pandemic portfolio continued to be resilient. LendingClub, the country’s top provider of personal loans, said in earnings results Wednesday (Nov. Here’s a look at what to expect.

Volume 56

Volume NOV Payroll Payments 56

PYMNTS

AUGUST 13, 2019

“PayPal Working Capital only launched in Australia less than five years ago, and with over $500 million now issued to more than 7,000 businesses, we can see there is an ongoing demand for alternative finance solutions to support small businesses and to help them thrive,” said Baines.

PayPal 43

PayPal Volume Small Business On-Demand 43

PYMNTS

DECEMBER 16, 2020

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge. UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. Hot Topic Inc.,

Volume 131

Volume On-Demand Consulting Consumer 131

The Finance Weekly

OCTOBER 1, 2024

Variable expenses often grow with sales volume—the more you sell, the higher these costs. If you want to cut down these costs, start by getting a grip on your customer volume trends and tweaking your work schedules. Mastering variable expenses is key to accurate budgeting and strategic cost management.

On-Demand 52

On-Demand Credit Cards Volume Cost Structure 52