5 trends shaping mobile payments worldwide in 2016
Payments Dive
OCTOBER 6, 2016
Michelle Evans, the digital consumer manager for Euromonitor International, shares some findings from the company's latest global research.
Online shopping leads recovery in U.K. consumer spending
Payments Source
AUGUST 19, 2020
consumer spending jumped the most since 2016 last month, led by a surge in Internet purchases as bars and restaurants continued to suffer.
Consumer 
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Digital-First Economy Redefines Retail And Consumer Behavior
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. More consumers are going online to shop and pay as the pandemic progresses.
Economy 118
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Savings and Purchase Fulfillment Platform SaveAway Unveils New Features
Finovate
MARCH 18, 2025
SaveAway made its Finovate debut at FinovateFall 2016 in New York. This functionality takes e-commerce beyond traditional anonymous reviews and blind gift-giving by integrating both the opinions and support of those who know and care about the consumer and their personal finances. Om Kundu is Founder and CEO.
FDIC 105
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David Chen Steps Down as Atome CEO, Joins GoTo as Head of Consumer Lending
Fintech News
FEBRUARY 20, 2024
David Chen, previously CEO of the Buy Now, Pay Later (BNPL) firm Atome , has stepped down to join Indonesia’s GoTo Financial as Head of Consumer Lending. Before his tenure at Atome, Chen founded and led Singapore consumer lifestyle app Nestia from 2014 to 2017.
Consumer 113
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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding
Finovate
APRIL 9, 2025
Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. ” Entrust is a veteran of Finovate’s developer conferences, having participated in both FinDEVr Silicon Valley 2015 and FinDEVr Silicon Valley 2016.
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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking
Fintech News
JANUARY 21, 2025
Introduced in 2016, UPI has become the backbone of digital payments in India, handling over 15 billion transactions monthly. The government is now taking steps to expand the reach of UPI beyond national borders, allowing Indian consumers and businesses to make and receive payments internationally.
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Amazon And Walmart’s Battle For Consumer Retail Spend
PYMNTS
SEPTEMBER 4, 2020
The latest installment of the PYMNTS Whole Paycheck Tracker is an in-depth look at how the pandemic affected the two companies as they continued to position themselves as a fixture in overall consumer spend and overall retail spend. When it comes to Amazon’s share of consumer spending, things get a bit more complex. percent for retail.
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CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations
PYMNTS
DECEMBER 23, 2020
Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. The agency said the lender knew something was wrong as early as September 2016. Aside from the $4.75
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The Full List of Fintech Unicorns in Asia (2025)
Fintech News
APRIL 24, 2025
billion payments Advance Intelligence Group Valuation: $2 billion Founded in 2016, Advance Intelligence Group is the parent company of Atome Financial, ADVANCE.AI, and Ginee. The companys ecosystem leverages AI-driven, credit-enabled solutions to empower businesses and consumers alike. billion insurtech Matrixport 1.05
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Retailers continue to fine tune mobile experiences
Payments Dive
MARCH 17, 2017
If 2015 was a defining moment for mobile use in retail, then 2016 showed the industry what is possible as merchants continued to fine-tune their app experiences for consumers. And they will continue along that path well into 2017 and beyond.
Continuity 128
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Entrust Enables European Issuers to Create Their Own NFC Issuer Wallet on iOS Devices
Fintech Finance
FEBRUARY 27, 2025
“Mobile NFC payment, or tap-to-pay, is a preferred payment method for a lot of consumers. We are thrilled to offer financial institutions the ability to create their own wallet for iOS, after our success on Android since 2016, spanning over 30 countries.”
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OAK + FORT On Offering BNPL Options To Expand Consumer Reach
PYMNTS
OCTOBER 1, 2020
Luxury retailers are seeking ways to entice younger consumers to purchase expensive items in a retail world saturated with inexpensive alternatives. Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process.
BNPL 84
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Atom Bank Partners with Provenir to Enhance Risk Decisioning Capabilities
Fintech News
APRIL 29, 2025
Atom Bank has chosen Provenir s AI decisioning platform to enhance its credit risk decisioning and data orchestration capabilities across its consumer and business banking products. Founded in 2016 as the U.K.s
Risk 75
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SaveAway Launches 24 in 24 Campaign to Help Consumers Buy Soon and Save More
Finovate
DECEMBER 21, 2023
The social saving and retail e-commerce platform enables consumers to buy important purchases responsibly, without having to rely on credit. SaveAway made its Finovate debut at FinovateFall 2016. Photo by Pixabay The post SaveAway Launches 24 in 24 Campaign to Help Consumers Buy Soon and Save More appeared first on Finovate.
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Cancel Culture: Technology Makes Managing Subscriptions Easy For Consumers and Banks
PYMNTS
JANUARY 27, 2021
But for consumers, as noted by PYMNTS research, more than half of subscribers rank saving money among the top three reasons for considering buying subscription bundles. Case in point: as Minna Technologies has noted, the average European consumes has 11 subscriptions in place — and the average household has 21 subscriptions.
Consumer 72
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Tikkie Payments Reach Record 7.4 Billion Euros in 2024
Fintech Finance
JANUARY 6, 2025
Since Tikkie was first launched in 2016, the app has been used to pay more than 32.6 Fast payments for both consumers and business clients Consumers have embraced Tikkie as a quick and easy way to share costs. As with consumers, business Tikkies are paid extremely quickly: 81 percent are paid within a day. billion euros.
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Top 10 Most Funded Fintech in India For 2025
Fintech News
APRIL 13, 2025
In many ways, Paytm remains one of the most funded fintech startups in India, straddling both consumer and merchant markets. Billion Based in New Delhi and operating since 2008, DMI Finance is not your typical consumer-facing fintech brand. Launched in 2016, Digit offers over 50 product lines. PhonePe USD $2.29
FinTech 74
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Is 2025 Finally the Year for Open Finance in Southeast Asia?
Fintech News
JANUARY 21, 2025
Instead, open finance development is being driven by market forces, including consumer demand, fintech innovation, and competitive pressures among financial institutions. These countries dont require banks to share data with third-party providers.
Visa Expands its Flexible Credential Card to the U.S.
Finovate
NOVEMBER 15, 2024
million consumers, the Affirm Card offers consumers flexibility to pay at the time of their transaction or pay over time in the Affirm app. Part of building better financial products also means giving consumers more control and flexibility, which has always been a key feature of the new Affirm Card. In the U.S.,
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Richard Maloney to Lead UOB Thailand as CEO Starting July 2024
Fintech News
JUNE 10, 2024
Tan Choon Hin Maloney’s predecessor Tan Choon Hin , who has led UOB Thailand since 2016, will return to Singapore to assume a new role as Deputy Head of Group Governance, Risk and Compliance. Tan joined UOB in 2012 as Head of Group Credit (Retail) and became CEO of UOB Thailand in 2016.
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37% of payments leaders cite regulatory clarity as top challenge in MiCA crypto-asset compliance
The Payments Association
JANUARY 16, 2025
As the EUs most extensive effort to regulate the crypto market, MiCA seeks to address longstanding issues such as regulatory fragmentation, consumer protection, and market stability. MiCA, which entered into force in June 2023, introduces a comprehensive regulatory framework for European crypto-assets.
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This Week in Fintech: TFT Bi-Weekly News Roundup 31/10
The Fintech Times
OCTOBER 31, 2024
Founded in 2016 after a spin-out from Prytania Investment Advisors, London-based PSL specialises in structured credit valuations and analytics. Kueski, the buy now, pay later and consumer lender in Latin America, has reached a significant milestone with 20 million loans distributed to Mexican consumers.
FinTech 59
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Fave Singapore Gets In-Principle Approval for Payments License
Fintech News
JULY 9, 2024
Since its inception in 2016, Fave has facilitated over US$1 billion in transactions across Southeast Asia and India, helping consumers save over US$500 million through its loyalty programs. This approval allows Fave to offer account issuance, merchant acquisition, and domestic money transfer services.
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Under 2 Weeks Left for Large Firms to Join ‘Multi-Billion Pound’ Lawsuit Against Visa and Mastercard
The Fintech Times
JANUARY 28, 2025
per cent on consumer credit transactions, and 0.3 per cent for consumer credit card transactions. The claim runs from June 2016 to date. We hope Mastercard and Visa will stop punishing charities who accept commercial card payments by removing these onerous fees.” For every 100 transaction, up to 0.30
Visa 59
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Pandemic Pricing Prompts Lawsuit Against Food Delivery Apps
PYMNTS
APRIL 14, 2020
Additional service fees charged to restaurants will result in higher menu prices that will trickle down to hurt consumers, according to a Reuters report on Monday (April 13). . The lawsuit seeks triple damages since April 14, 2016. . Three people who initiated the suit allege that the app delivery services are in violation of U.S.
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Ant International and BNP Paribas Partner to Enhance Cross-Border Payments in Europe
Fintech News
JULY 14, 2024
Ant International and BNP Paribas have entered a strategic partnership to enhance cross-border payment solutions for European merchants and consumers. This collaboration aims to streamline cross-border transactions, making them more efficient and accessible for businesses and consumers.
Amplify Credit Union Chooses IllumaSHIELD for Voice Authentication
Finovate
APRIL 25, 2025
When a consumer calls into a call center using IllumaShield, they can complete enrollment simply by saying yes and continuing the conversation. Headquartered in Plano, Texas, and founded in 2016, Illuma specializes in voice authentication solutions for credit unions and community banks.
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Open Banking Progresses in Southeast Asia
Fintech News
MAY 16, 2024
These phenomenons are arising on the back of growing consumer appetite for digital financial services, fueled by increased digital adoption, smartphone penetration and Internet access. Consumer trust and awareness are other critical considerations.
Rent-A-Center Acquires Acima For Virtual Lease-To-Own Platform
PYMNTS
DECEMBER 21, 2020
21) that Acima founder Aaron Allred and his team have created a leading virtual LTO solution for retailers and consumers. “We Acima will help us strengthen our organization, accelerate growth and increase our virtual partner base, allowing us to better serve more consumers with the flexibility of LTO,” Fadel said. billion in 2020.
13 APAC-Born Companies Recognized Among Top Global Cross-Border Payment Leaders of 2025
Fintech News
MAY 11, 2025
DBS Bank is also a participating bank in PayNow, Singapores consumer real-time payments service. It also offers payment, foreign exchange (FX) and banking services to other banks and fintech companies in the sector. In particular, its DBS Globesend solution for cross-border payments spans 132 currencies and 190 countries.
Walmart Launches 'Modern Fashion Brand'
PYMNTS
SEPTEMBER 21, 2020
The retailer is following in the footsteps of Amazon , which first took aim at the fashion industry in 2016. According to PYMNTS’ exclusive Whole Paycheck tracker , in 2016, Amazon brought in $20.5 According to PYMNTS’ exclusive Whole Paycheck tracker , in 2016, Amazon brought in $20.5 billion in 2019. billion in 2019.
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Paytm President: Going From Mobile Payments To India’s Connected Commerce Ecosystem
PYMNTS
SEPTEMBER 28, 2020
As India approaches the fourth anniversary of 2016’s demonetization, the landscape that has defined the country and economy is undergoing a radical shift. India has heretofore been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD).
Mobile Payments 135
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Form3 Partners With Mastercard To Advance Real-Time Payments
PYMNTS
DECEMBER 16, 2020
Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. . Recent PYMNTS research indicated that 90 percent of consumers want to get paid faster, however they are not usually given a choice.
Ben Wong to Lead Adyen’s Southeast Asia and Hong Kong Operations
Fintech News
OCTOBER 6, 2024
Wong joined Adyen in 2016 in a technical role before transitioning to sales in 2017. My deep roots in the industry fuel my drive for creating exceptional experiences for consumers and building strong, lasting partnerships with our customers. Ben Wong “I am honored to step into this new role and contribute to Adyen’s continued growth.
Addressing 109
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Regulatory Sandboxes Explained: A Safe Space for Fintech Innovation
Fintech Review
MAY 14, 2025
Safeguards protect consumers, ensure market stability, and maintain trust. However, they must still meet basic consumer protection, anti-money laundering , and operational resilience standards. The concept originated with the UKs Financial Conduct Authority (FCA) in 2016 and has since spread globally.
Innovation 52
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Google At Work On App-Connected Smart Debit Card
PYMNTS
APRIL 17, 2020
Google, for its part, rolled out a Wallet debit card in 2013 before closing it down in 2016. The card is Goldman Sachs’ newest inroad into the retail consumer business after establishing its digital Marcus brand in 2016. In separate news, Apple Card clients had $736 million in loan balances at the conclusion of September.
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Holiday Shopping Could Take Hit As Presidential Election Results Drag Out
PYMNTS
NOVEMBER 4, 2020
A recent survey by Adobe Analytics found that just over a quarter of consumers surveyed – 26 percent – said the election would impact their holiday spending. Consumers have been on a great run of spending coming out of the lockdowns,” Portell told the business news cable network.
Blocks 87
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4 Fintechs in Myanmar to Watch
Fintech News
JULY 15, 2024
Since its launch in November 2016 as a joint venture between Yoma Bank and Telenor Group, Wave Money has significantly expanded its services and network, covering approximately 89% of Myanmar by November 2020. MO offers various products catering to both business-to-business (B2B) and business-to-consumer (B2C) markets.
FinTech 113
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The Mastercard Payment Passkey Service Debuts in the Middle East with noon Payments, Revolutionizing the Online Checkout Experience Using Biometrics
Fintech Finance
OCTOBER 18, 2024
The Mastercard Payment Passkey Service streamlines e-commerce and revolutionizes the consumer journey. They offer consumers the peace of mind that they will not lose or inadvertently share their password or OTP. They offer consumers the peace of mind that they will not lose or inadvertently share their password or OTP.
Visa 96
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Finovate Global Mexico: Payments Partnerships and International Acquisitions
Finovate
JANUARY 17, 2025
TransUnion Acquires Trans Union de Mexico from Mexico’s Largest Credit Bureau International information and insights company TransUnion has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, the consumer credit business of Mexico’s largest credit bureau, Bur de Crdito. billion). .
Cross-Border 64
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Examining Thailand’s Fintech Landscape
The Fintech Times
AUGUST 6, 2024
Similar to other regions across Asia, mobile payments are now preferred as a payment method over card payments by 70 per cent of Thai consumers. Over 94 per cent of Thai consumers have used digital systems to pay for services, with the most used method being digital wallets, according to Mastercard’s New Payments Index 2022.
FinTech 116
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Citi Wants Revlon Lenders To Return $900M Paid In Error
PYMNTS
AUGUST 14, 2020
13) they had been fully repaid on a loan issued in 2016, the sources said. Last month, a surge in fixed-income trading revenue helped Citi turn a profit during the second quarter (Q2), despite credit losses and weakness in its consumer banking division. Lenders who sued Revlon were surprised to learn Thursday (Aug.
Returns 108
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Papara Premieres Thales SketchMyCard
Fintech Finance
JULY 10, 2024
Established in 2016, Papara is a fast-growing fintech with over 20 million individual users. Papara users now have the freedom to design unique and personalised payment cards that reflect their individuality, creativity and lifestyle, complemented by Papara’s highly successful and well-designed range of payment cards.
Transactions 98
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