Finextra

JUNE 11, 2025

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. Its simplicity, interoperability, and low cost made it an instant success.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech News

FEBRUARY 26, 2024

The company also reported a 50% increase in its loan disbursement volume for the year, alongside achieving operational profitability by December 2023. In 2023, JULO saw a 73% rise in its revenue and disbursed over US$454 million in loans, totaling approximately US$1 billion in disbursements since its inception in 2016.

Underwriting 113

Underwriting Credit Cards Risk Management Volume 113

PYMNTS

DECEMBER 23, 2016

Tricking someone into clicking on a fake website and turning over their personal data has been a favorite scam of hackers, and it doesn’t seem to be abating, with security firm Cyren reporting a fake Michael Kors shopping website coming in as the highest volume non-malware attack of all of 2016. In a blog post Thursday (Dec.

Volume 48

Volume Ransomware Scams Credit Cards 48

PYMNTS

AUGUST 25, 2017

’s June 2016 Brexit vote continues to take hold throughout the country. Retail sales in the nation fell at the most aggressive rate since July 2016, Bloomberg reports. retailers aren’t completely pessimistic about the future, however, as many of them continue to show optimism for sales volumes to rise again.

Continuity 40

Continuity Volume Economy Consumer 40

PYMNTS

NOVEMBER 9, 2017

Square continued its 2017 run of earnings strength with the release of its latest quarterly results on Wednesday (Nov. 8), notching growth in both payments volume and services revenue that came in ahead of analyst expectations. Square’s gross payment volume (GPV) was $17.4 billion forecast and a 31 percent increase over Q3 2016.

Volume 49

Volume Payments NOV Adjustments 49

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Clarity For The Payments Sector. New payment experiences will continue to emerge and vary from merchant and issuer.

Payments 49

Payments Authentication Issuers Innovation 49

PYMNTS

NOVEMBER 29, 2016

Arguments about payday loans have a habit of quickly devolving from polarized to outright acrimonious pretty quickly — and 2016 has seen that habit get very, very ingrained. Luckily, we have a handy roadmap right here — the PYMNTS PayDay Loan Chronicle 2016. Spoiler: The situation is more complicated than you’ve heard.

CFPB 58

CFPB Credit Union Consumer Financial Protection Bureau (CFPB) Regulations 58

PYMNTS

OCTOBER 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93

Volume 49

Volume Cross-Border Payments Push-to-Card 49

Fintech Finance

OCTOBER 8, 2024

Moneybox launched in 2016 with GoCardless as its preferred payment method, enabling customers to transfer money into its wide range of savings and investment products. Savings and investing platform Moneybox has renewed its relationship with bank payment company GoCardless , building on an eight-year partnership.

Settlement 98

Settlement Payments Use Case Volume 98

CB Insights

OCTOBER 1, 2016

Since 2012, deals to early-stage medical device companies have hovered around 30% of total deal volume to the category. VCs and corporate investors alike are continuing to fund medical device startups in 2016 and the category is on track to see another year of increased … Continued.

Volume 55

Volume Continuity 55

Clearly Payments

OCTOBER 3, 2024

Total Credit Card Payments Amount in the USA by Year Year Credit Card Purchase Volume in USA (USD Trillions) 2013 $2.5 trillion 2016 $3.1 Transaction Volume : Electronic payments processed through these terminals exceed $8 trillion annually. Benefits : Ideal for high-volume merchants needing a reliable and efficient terminal.

Credit Cards 105

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 105

PYMNTS

NOVEMBER 30, 2017

was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. continues to climb. continues to climb. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE). As of 2016, some 3.7

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

PYMNTS

SEPTEMBER 26, 2016

Global digital payment volume is slated to hit a new high this year of 426.3 That’s according to Capgemini and BNP Paribas, which recently released new research through the 2016 World Payments Report (WPR). That said, the latter still accounts for 71 percent of the total global transaction volume. billion transactions.

Payments 73

Payments Fraud Detection Non-Bank Volume 73

PYMNTS

NOVEMBER 21, 2016

billion in gross merchandise volume — just more than a 32 percent increase over last year’s figures. However, a new study from KPMG revealed that Chinese shoppers still have a strong preference for doing extensive research prior to making online purchases, even as their eCommerce activity continues to grow, Jing Daily reported.

Consumer 63

Consumer Research Volume Product 63

The Fintech Times

OCTOBER 25, 2024

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. In 2016, two key events changed India’s approach to digital finance. The second event was the government’s sudden demonetisation of the 1,000 and 500 rupee notes in November 2016.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

PYMNTS

APRIL 11, 2018

percent, respectively, over 2016. 2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. percent higher than similar volume reported in 2016.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

SEPTEMBER 12, 2019

Quick-service restaurants and fast casual establishments are continuing to offer ways to order online – and track deliveries online – while also offering loyalty rewards in the process. Order volumes are up 130 percent as measured between 2016 to 2018, indicating that the appetite for delivery is only increasing.

Volume 55

Volume Consumer Continuity Process 55

Fintech News

JANUARY 7, 2024

Between January and October 2023, QRIS transaction volume reached 1.6 Finally, fostering a strong demand for payment solutions requires continuous education and awareness efforts to encourage consumers and businesses to adopt digital payments.

Financial Inclusion 122

Financial Inclusion Innovation Payments NOV 122

PYMNTS

FEBRUARY 6, 2017

The company released its 2016 results last week and reported a 3.6 million in costs related to those staff cuts and highlighted goals for its continued growth strategy for 2017–2020. percent in 2016, Basware added, while the year also saw its highest transaction volume, recording 10.4 31, 2016, were $1.5

B2B 52

B2B FinTech Cross-Border Payments Cross-Border 52

PYMNTS

APRIL 17, 2017

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. And it is this versatility that makes ACH payments a valued payment type and supports the continued growth of the ACH network.

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

PYMNTS

FEBRUARY 6, 2017

For the full year, package volume rose 4.6 percent to 4.868 billion in 2016. Its stock continued to fall slightly on Wednesday and Thursday. Its stock continued to fall slightly on Wednesday and Thursday. “In percent in the last quarter of 2016 and accounted for 55 percent of UPS volume in that period.

Volume 48

Volume On-Demand Addressing Automation 48

PYMNTS

MARCH 11, 2020

billion in 2022, representing a 33 percent compound annual growth rate (CAGR) as measured from 2016. And in the continuing debate over whether individuals will embrace merchant-agnostic versus merchant-specific offerings, Good remarked that a shift may be happening in the industry. Invisible Payments .

Contactless Payments 103

Contactless Payments Payments Credit Union Processors 103

PYMNTS

SEPTEMBER 15, 2016

The latest report from KPMG’s Pulse of Fintech , released quarterly, found a substantial decline in FinTech investments by venture capitalists in Q2 2016, causing some concern that the space has lost its luster. But the reality, other analysts say, is that Q2 represents just a temporary blip in a stellar year for FinTech startups.

B2B 74

B2B Cross-Border Payments FinTech Cross-Border 74

PYMNTS

MARCH 13, 2017

First, millennials reportedly accounted for the largest share of online apparel revenue in both 2015 and 2016 across generations — 35.2 percent in 2016. In 2016, the spending influence from both baby boomers and the silent generation grew a bit in online apparel sales, though millennials still took the majority share.

Volume 52

Volume Continuity Research Accounts 52

FICO

JULY 10, 2017

When I last blogged about this topic based on data from April 2016, the key takeaway was “the beat goes on.” US consumers continued to show improvement in managing their debts, which began shortly after the bottoming out of the economy in 2009-2010. of the population in October 2013 to 16.5% in April of this year. This includes a 3.5%

Consumer 75

Consumer Continuity Credit Limit Underwriting 75

Nanonets

NOVEMBER 18, 2024

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. It’s a great choice for workflows where human oversight is essential for compliance and operational continuity. per page with unlimited volume and community support. Parameter Hyperscience Rossum Ease of Use 9.3

Automation 52

Automation Volume AI API 52

Fintech News

FEBRUARY 27, 2024

billion in 2023 , half of the previous year’s amount, and deal volume slipping 38% to 3,801, the lowest levels since 2017 — 2024 could see at least one fintech IPO, if not a whole wave of related IPOs as companies seek to capitalise on high valuations and strengthening investor appetite.

FinTech 120

FinTech Risk Federal Reserve Multi-Currency 120

Fintech News

JULY 23, 2024

CapBay (Malaysia) CapBay is an award-winning supply chain finance and P2P financing platform established in 2016. In 2023, the company processed over 50 million transactions and achieved annual volume close to US$80 billion. The company facilitates inclusive business financing using existing trade data and relationships.

FinTech 132

FinTech Online and Mobile Banking Multi-Currency Non-Bank 132

PYMNTS

MARCH 13, 2017

Yet data from the 2016 Association of Financial Professionals’ Electronic Payments Survey released last September actually found a 1 percent increase in corporates’ use of paper checks compared to two years ago. Mobile presents new opportunities, particularly in the lower-volume merchant capture.”. API Steps In.

RDC 77

RDC Checks API Remote Deposit Capture 77

CB Insights

AUGUST 11, 2017

In 2016, startups in the space saw highs of $168M in VC-backed equity funding across 25 deals. The largest uptick in activity came in 2015, with deal volume up 75% year-over-year. While this trend is on track to continue upward through 2017, it does seem to be slowing down, with 2016 up 19%, and 2017 on track to grow by 28%.

Volume 58

Volume Finance Research Continuity 58

FICO

AUGUST 2, 2016

“We have two core values here at Toyota: respect for people and continuous improvement,” Bander says. Continuously improving decision models. Toyota Financial began emphasizing collections after the 2008 financial crisis, when a surging volume of delinquencies exceeded the reach of its internally developed decision framework.

Consulting 74

Consulting Credit Cards Service Center Continuity 74

PYMNTS

OCTOBER 4, 2016

Shopify Plus offers high-growth, high-volume merchants a cloud-based, fully hosted enterprise commerce platform, without the limitations of legacy solutions. The acquisition of Boltmade will help accelerate the development of the Shopify Plus product offering. Terms of the transaction were not disclosed. “We

Consulting 66

Consulting Volume Product Acquirers 66

PYMNTS

NOVEMBER 18, 2016

In 2016, there have already been more than 2 billion records stolen , and the increasing occurrence of hacks, leaks and data breaches show now sign of slowing down. It’s peak season so we know retailers are going to see significant spikes in order volumes. Right alongside that though comes increases in fraud attacks,” Weitz continued.

Cross-Border 66

Cross-Border Data Breach Breach Credit Cards 66

CB Insights

FEBRUARY 13, 2020

In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Get the full report.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

PYMNTS

MARCH 21, 2017

In earlier statements, Rahal has dubbed 2016 the year of the API revolution, and 2017 is certainly keeping with that trend. API technology can provide these treasury solutions on a case-by-case basis, Rahal continued, whether it’s to automate electronic payments or provide IBAN services. Never in my life.

Treasury 75

Treasury API Treasury Management IBAN 75

PYMNTS

AUGUST 12, 2019

It’s a trend that starkly contrasts with continued growth in small and medium-size business (SMB) finance in the U.S., “This has been driven by a deterioration in the consumer credit environment since 2016, which affects smaller and younger companies,” the firm stated last week. Geopolitical volatility in the U.K.

Small Business 57

Small Business Volume On-Demand Finance 57

PYMNTS

NOVEMBER 28, 2016

After all, October was the first year-over-year volume gain in 20 months, with the robust trend appearing to continue in November as well. carried more traffic provided by retailers that goes between trucks and railroads in October than any other month in 2016. He pointed to “outstanding” volume growth at FedEx, which had U.S.

Consumer 43

Consumer Volume On-Demand Continuity 43