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.
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Payments Dive
OCTOBER 6, 2016
Michelle Evans, the digital consumer manager for Euromonitor International, shares some findings from the company's latest global research.
FICO
SEPTEMBER 27, 2016
FICO research consistently shows that older consumers have higher FICO® Scores than their younger counterparts. To get to the bottom of this, FICO conducted fresh research on credit behavior trends by age. To get to the bottom of this, FICO conducted fresh research on credit behavior trends by age.
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Finovate
APRIL 9, 2025
Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Research from Statista points to a projected compound annual growth rate of 31% through 2029. ” Established in 1951, Security Bank has deployed Entrust’s Onfido Studio platform. billion. .”
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
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. eCommerce spiked because consumers demanded it and drove it.
PYMNTS
SEPTEMBER 22, 2016
Retailers can already count on more goods flying off their shelves this holiday season, judging by consumer spending. Kiplinger reported that “continued strength in spending on food and services still signals a confident consumer.”. Marketers have latched onto this idea and are ready with videos when consumers visit a website.
FICO
AUGUST 23, 2017
Our latest research reveals that, over the last 10 years: The percentage of middle-aged and older population carrying student loans has doubled. 2016 Oct. % △ 2016 over 2006. As we would expect, there is a greater percentage of consumers in the younger age groups that have student loans. 2016 Oct. % △ 2016 over 2006.
Fintech News
JANUARY 21, 2025
A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving business models, and API monetization that are fueling the growth of the sector.
Finextra
JUNE 11, 2025
This was labor-intensive and time-consuming. Unified Payments Interface (UPI) (2016): The game-changer. Demonetization (2016): While disruptive, it acted as a strong catalyst for digital payment adoption, pushing a large segment of the population to explore cashless transactions.
FICO
JULY 10, 2017
FICO regularly tracks the national FICO Score distribution as an important gauge of US consumer credit behavior. When I last blogged about this topic based on data from April 2016, the key takeaway was “the beat goes on.” year-over-year decrease in the recent serious delinquency rate between April 2016 and 2017 (17.1%
The Paypers
JUNE 20, 2025
This builds on a long-established partnership that started in 2016, created to enable Thai businesses and citizens to transact more conveniently. Thai consumers can utilise PromptPay for shopping, receiving government welfare and tax rebates, and fast P2P transactions.
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.
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.
Finextra
JUNE 26, 2025
The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Projections indicate that global card fraud losses are expected to reach $40.53
FICO
SEPTEMBER 13, 2016
When I last blogged about the national distribution of FICO® Scores a year ago , US consumer credit quality was continuing to climb upwards, though with some potential indications of change ahead. The number of consumers scoring in the super-prime range of 800 or above has continued to grow. as of April 2016. in October 2010.
Finextra
JULY 1, 2025
The company was founded in 2016 and Hampus Brodén will remain as CEO. Home News Retail Swedbank acquires digital mortgage brand Stabelo Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
PYMNTS
SEPTEMBER 29, 2020
The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 percent in 2016 and leagues below the 20.8
Finextra
JUNE 30, 2025
While conversations around fintech often revolve around urban convenience and consumer tech, a lesser-told story is unfolding in the hills, forests, and valleys of India. The Unified Payments Interface (UPI), launched by the National Payments Corporation of India in 2016, has changed that story dramatically.
PYMNTS
DECEMBER 8, 2016
“After $100M+ checks flowed freely to VC-backed companies through much of 2015, the mega-round trend has settled into a lower range through 2016,” concluded KPMG and CB Insights in their Q3 2016 venture capital report. For both Europe and Asia, 2016 was hardly a flop. B2B FinTech’s Time.
PYMNTS
OCTOBER 19, 2016
The mobile eCommerce wave has continued to grab top of mind — and top of consumer wallets — having made impressive inroads into the way people spend, as well as when and how. Javelin Research said on Tuesday (Oct. 18) that its latest research shows that commerce on the go, so to speak, leapt 60 percent last year to hit $120 billion.
PYMNTS
APRIL 30, 2020
Economic data released Thursday (April 30) may hint at a “one-two punch” for consumer spending — indicating a reluctance to spend now, yes, but paycheck pressures may keep purses and wallets closed for a while. Consumer spending slid 7.5 The stage already has been set for consumer caution to be the rule of the day.
Finextra
JUNE 18, 2025
Consumers Faster, consistent, and secure payment experiences across Europe The open, universal, and standardized approach also allowed merchants and acquirers to anticipate regulatory evolutions, notably around interchange fee regulations, brand choice obligations , and the broader European card payments harmonization agenda.
Finextra
JUNE 26, 2025
The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Projections indicate that global card fraud losses are expected to reach $40.53
PYMNTS
OCTOBER 6, 2016
The study, entitled “ The State of Retailing Online 2016: Marketing and Merchandising ,” by the National Retail Federation and Forrester, a research and advisory firm for the retail industry, polled 240 companies from June through July.
Fintech News
OCTOBER 22, 2024
To address these risks, financial institutions in the region are adopting new security measures and embracing cutting-edge technologies, a new research by NICE Actimize found. The NICE Actimize research found that enhanced monitoring for suspicious transactions (76.6%) is the most commonly adopted measure.
PYMNTS
DECEMBER 12, 2016
Perhaps the most striking result is that 47 percent of mobile users ages 14 and older will use their mobile device to research competitor store pricing in-store when shopping for the holidays. About 30 percent of consumers said they planned to use their mobile device to sign up and receive in-store promotions and discounts.
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.
PYMNTS
JUNE 24, 2020
Global m/eCommerce continues to evolve and is expected to reach $4,574 billion by 2023,” according to Allied Market Research. That’s up from $601 billion in 2016. In a PYMNTS interview , Visa SVP Global Head of Fintech Terry Angelos talked about the impact of the rapid shift to digital for consumers and businesses around the globe.
CB Insights
AUGUST 23, 2018
Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. That’s driven by consumer trends, like Siri, Google Home, and Amazon Alexa.”
PYMNTS
NOVEMBER 7, 2016
New research from Sage finds that small businesses in the U.K. Those costs can rack up in a number of ways, researchers found. Sage researchers, for another report, its annual Payments Landscape study, also found that the importance of cash is on the wane. The Cardtronics 2016 U.S. are losing out on $11.8
FICO
MAY 14, 2018
In our previous blog post , FICO revealed research on the credit behavior of young people with a student loan actively in repayment to determine the behaviors that are driving FICO® Score increases and decreases.
Finextra
JULY 7, 2025
Power survey shows consumers are largely optimistic about AI’s benefits: 72% agree AI will deliver easy, convenient self-service but also highlight areas to improve, such as building trust and ensuring human-like empathy in AI interactions. In 2016, our AI-powered super app concept gained global recognition. At the same time, a J.D.
CB Insights
DECEMBER 10, 2020
Below, we take a look at how tech companies are unbundling Bank of America’s front office, from consumer deposits and payments to equity research and business credit cards. . Consumer payments. This has provided an opportunity for other research providers to gain market share among banking clients. . Consumer lending.
PYMNTS
AUGUST 19, 2020
The pandemic has made us a world populated by consumers – of content. And where the consumer’s appetite for the daily fix of movies, news, shoes and games only grows, the subscription economy is poised to grow in lockstep. As joint research between PYMNTS and sticky.io showed, 45 percent of U.S.
Clearly Payments
AUGUST 24, 2024
By 2023, it was estimated that 67% of global consumers had used a digital wallet, with debit cards being the most commonly linked payment method. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023.
PYMNTS
JANUARY 16, 2018
According to research inside the Kiosk and Retail Report, a USA Technologies collaboration, by the time the next decade rolls around, the interactive kiosk industry market will be worth $1.073 billion. million in 2016. accounting for a combined 35 percent of machines in the field as of 2016. market growing from $533.37
PYMNTS
DECEMBER 8, 2016
Currently, about 30 percent of all online sales in Southeast Asia in 2016 occurred through social networks, like Facebook, Instagram and Line (Naver Corp.’s Additionally, 80 percent of shoppers in Southeast Asia used social media to research items and contact sellers. says market research firm GlobalWebIndex.
PYMNTS
OCTOBER 28, 2016
Join Karen Webster, CEO of MPD and special guest Tom Byrnes, CMO at Vesta Corporation for the PYMNTS Data Drivers Series taking place Monday, October 31, 2016 at 4:00 PM (EST). . – Fraud and chargeback management consume between 14% and 23% of operational budget. . of their annual revenue. of revenue lost. of revenue lost.
PYMNTS
NOVEMBER 10, 2020
Another example of AR working in a retail application can be seen at the direct-to-consumer (D2C) sunglasses retailer goodr. It started when Founder Stephen Lease was training for a marathon in 2016. Market research showed that goodr needed to upgrade its photography and add virtual try-on, which was the No.
Finextra
JUNE 5, 2025
And where can climate-conscious consumers turn to make ethical, sustainable payments? billion since 2023 and $235 billion since 2016. ” Theodossiades highlighted Zero Fintech’s goal of equipping climate-conscious consumers with the tools to make eco-friendly choices in their day-to-day banking. The planet cant wait.
PYMNTS
NOVEMBER 5, 2018
Consumers want to touch before they buy, and they want to talk when they purchase. At the peak of the day (meant to encourage consumers to shop from work computers, though that habit is pretty much ingrained in the culture by now and feels less sneaky than at the dawn of eCommerce), conversion rates will hit 7.3 26 to hit $7.7
PYMNTS
SEPTEMBER 18, 2020
The year was 2016. In 2016, it logged $20.5 Take a look at the total share of consumer spending, and the numbers are even more impressive. Even in the early days of 2016, Amazon had 25 percent of eCommerce spend in the category, on its way to 40.5 A consumer who wants to bail on AT&T can go to T-Mobile or Verizon.
PYMNTS
APRIL 22, 2019
Now that segment of young consumers — who are not so young anymore, and are approaching peak earning years — are finally getting credit for something. While younger consumers had not been previously drawn to luxury, they’re now buying individual items such as a T-shirt as opposed to an entire collection. percent year over year.
PYMNTS
OCTOBER 12, 2016
WSJ noted that grocery sales could be a big deal to the growth plans for Amazon since consumers typically shop for food once a week, and by offering a service, Amazon can also try to sell more profitable items along with produce or milk. Morgan Stanley Research estimates the online grocery market may double to over $42 billion in 2016.
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