The Payments Association

FEBRUARY 13, 2025

The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digital payments landscape. UPI remitter: Top three members (January 2025) Bank Name Volume (In Billion) Debit Reversal Success (%) State Bank of India 47 97 HDFC Bank Ltd.

Cross-Border Payments

Fintech News

JULY 31, 2025

This marks a notable improvement from 2016, when the top ten most funded tech companies in Thailand had raised a combined US$150 million, with fintech-related firms accounting for just US$40 million, or 26.7% Omise supports more than 23,000 merchants and processes over US$17 billion in annual payment volume. of the total.

FinTech

Fintech Finance

JULY 15, 2025

Founded in 2016, Clear Junction enables financial institutions to access accounts, vIBANs, payment networks, FX services, and e-wallets quickly, securely, and in full compliance with regulatory requirements.

IBAN

Fintech News

AUGUST 8, 2025

And crucially, a year later, in 2016, saw the birth of the Singapore FinTech Festival (SFF) , now one of the world’s largest fintech events, but then a bold new platform to attract global talent and capital. Singapore’s strength lies not just in volume, but in variety. At its peak in 2022, Singapore’s fintech sector attracted USD $4.1

FinTech

Finovate

JULY 11, 2025

The wallet supports recurring, one-click and on-file payment solutions and, in 2024, was responsible for the largest share of the volume transacted online through a digital wallet in the country. ” Founded in 2016, Yape is headquartered in Lima, Peru. The company’s payment app has more than 20 million users and more than 2.5

Innovation

The Fintech Times

NOVEMBER 21, 2024

Throughout 2023, albo achieved remarkable growth, driven by increased customer acquisition and transaction volumes, while maintaining healthy unit economics. albo: an in-depth look Founded in 2016 and headquartered in Mexico City, albo serves over two million users with a comprehensive suite of financial services.

Business Payments

Finextra

JULY 7, 2025

In 2016, our AI-powered super app concept gained global recognition. On the customer side, AI assistants can handle 20 million chats around the clock—driving record engagement and a 150 percent jump in satisfaction scores even as call-center volumes fall by half. It expresses the views and opinions of the author.

AI

Fintech Finance

FEBRUARY 4, 2025

Founded in 2016, FundingPartner connects businesses seeking flexible real estate financing with investors who receive fixed interest returns. The early results have been promising over 10% of our payment volume in NOK has already shifted to Neonomics within just a few weeks of launch.

Payments

Fintech News

JUNE 5, 2025

This gets crucial when one thinks of financial institutions managing high-volume, mission-critical transactions. Myanmar’s financial sector, under the Central Bank of Myanmars vision introduced in 2016, has also made remarkable strides in modernisation.

Payment APIs and Integration

Finextra

JUNE 30, 2025

The Unified Payments Interface (UPI), launched by the National Payments Corporation of India in 2016, has changed that story dramatically. billion in volume as of May 2025. According to NPCI data, UPI transactions crossed 13.3 What’s remarkable is the growing adoption beyond metros.

Digital Payments

Fintech Finance

JUNE 9, 2025

Founded in 2016, PayGreen has established itself in the restaurant, tourism, and leisure sectors. Immediate Financial Impact and Promising Prospects This transaction immediately brings Lemonway: A transaction volume of 20 million, generating €726 million in payments since the company’s creation, with an average basket of €36.3.

Acquirers

Finovate

JANUARY 8, 2025

The company’s platform combines native microservices with cloud technology to give banks and credit unions the ability to deploy new solutions that scale independently and enable them to grow and evolve as volume grows.

Disputes

Finextra

JUNE 18, 2025

nexo integrates and configures brand selection flows in full compliance with regulatory obligations and with guidelines from the European Payments Stakeholders Group (EPSG) , as specified in the SEPA Cards Standardisation Volume (Book). Merchants and consumers can select their preferred payment brand on co-badged cards.

ISO 20022

Finextra

JULY 14, 2025

The volume of inquiries handled by AI is staggering: by late 2024, it’s estimated that more than 987 million people worldwide use AI chatbots for various services, and banking is a leading sector in this trend. This improved first-contact resolution rates and reduced call center volumes. These AI assistants (e.g.,

AI

Cardfellow

JUNE 14, 2025

Imposed in 2013, the Mastercard fee is tiered and calculated on the prior year’s transaction volume. Note: In 2016, Mastercard and PayPal reached an agreement that eliminated the Staged Digital-Wallet Operator Annual Network Access Fee for PayPal. Mastercard doesn’t provide any further details on the fee. Source: NFC World.

Credit Cards

Finextra

JUNE 26, 2025

The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. This near-instantaneous settlement drastically reduces delays, especially for high-volume or international transactions, leading to improved fulfillment speeds and higher customer satisfaction.

Stablecoins

Finextra

JULY 13, 2025

This grassroots momentum was amplified by record-setting crowdfunding campaigns – in 2016, Monzo raised £1 million in 96 seconds from customers eager to own a part of the bank. Early on, Monzo launched Alpha and Beta prepaid debit cards to test the waters, rapidly gaining a waitlist of enthusiastic early adopters.

Payment APIs and Integration

Finextra

AUGUST 4, 2025

Alert fatigue sets in when compliance staff become desensitized and overwhelmed by the sheer volume of alerts. A Bank Policy Institute survey found that between 2016 and 2023, the number of employee hours spent on compliance shot up 61%. One major challenge (and cost driver) in crypto is the volume and complexity of alerts.

AML

Fintech Labs Insights

MARCH 13, 2025

Customer Base and Transaction Volume: Active Customers: Ramp serves over 30,000 businesses, ranging from high-growth startups to established enterprises. Glyman and Atiyeh were classmates at Harvard and previously co-founded Paribus, a price-tracking consumer app that was acquired by Capital One in 2016. billion in April 2024.

Push-to-Card

Finextra

JUNE 26, 2025

The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. This near-instantaneous settlement drastically reduces delays, especially for high-volume or international transactions, leading to improved fulfillment speeds and higher customer satisfaction.

Stablecoins

Finextra

JULY 28, 2025

Stablecoins such as USDT and USDC are currently the backbone of much of the trading volume in the market. Instead of competition from governments, the space for stablecoins and open blockchain technology seems to be increasing. Less competition from governments means that these coins may become even more dominant.

CBDC

Nanonets

NOVEMBER 18, 2024

Founded in 2016, Rossum has quickly become a major player in the document processing and automation space. Pricing overview Hyperscience offers custom pricing based on business needs, with solutions tailored for different volumes and complexity levels. per page with unlimited volume and community support. Ease of Setup 9.0

Automation

PYMNTS

OCTOBER 31, 2016

million, with payment processing transactions volume seeing 15 percent growth. The cross-border payments firm released its full-year 2016 report this week, and CEO Hank Uberoi highlighted revenue increases across the globe. Amex reported encouraging Q3 2016 results, with a $200 million decrease in segment expenses and revenue at $7.77

Commercial Card

FICO

APRIL 24, 2017

Financial Fraud Action UK (FFA UK) recently released their 2016 UK fraud performance report. Whilst there were some logical changes between 2015 and 2016, I was surprised at the fluctuation and significant shifts fraudsters have made in order to circumvent existing controls.

Mobile Banking

PYMNTS

SEPTEMBER 23, 2016

There’s been a dearth of IPOs this year — so much so that 2016 will go down as a banner year of less than plenty for investment bankers who rely on fees from this corner of the market, depressed as it is to a multi-decade low. The Wall Street Journal reported on Thursday (Sept.

Adjustments

PYMNTS

OCTOBER 29, 2018

Payments processing firm First Data had headline results that sent the stock tumbling on revised guidance tied to FX headwinds — but underlying business trends show traction across key segments such as ISV channels and through POS offering Clover, which saw processing volumes up 45 percent year on year. to $1.40, versus the Street at $1.45

Volume

PYMNTS

NOVEMBER 24, 2016

So in honor of Thanksgiving 2016, with a big assist from the innovators who’ve helped us throughout the year with our new Matchmakers series, we decided to write the starter menu for innovators and matchmakers. The mental model has not changed; the means to do it have evolved and have become more sophisticated.

Alternative Payment Methods

PYMNTS

DECEMBER 16, 2020

By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” . Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. .

Real Time Payments

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

PYMNTS

DECEMBER 13, 2016

12) it crossed the $1 trillion mark in merchant payments processing volume for 2016 as of 11:06 p.m. According to JPMorgan Chase , merchant processing volume has grown annually from $750 billion in 2013 to nearly $950 billion in 2015. JPMorgan Chase announced Monday (Dec. Eastern Sunday (Dec.

Process

Agile Payments

FEBRUARY 25, 2019

ACH payments have been around since 1974, and by the end of 2016, the total volume of ACH processing exceeded $40 trillion. ACH payments and disbursements aren’t new.

ACH

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

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

PYMNTS

DECEMBER 6, 2016

The smartwatch market cooled down considerably in the second half of 2016 — declining by 52 percent in the third quarter of 2016. Total smartwatch volumes reached 2.7 Though it’s certainly a new bit of convenience for Apple’s biggest fans, it might not be the sort of development that will influence sales much.

Volume

Clearly Payments

AUGUST 24, 2024

As of 2023, over 79% of debit card transactions in the United Kingdom were contactless, compared to just 7% in 2016. Similarly, Cash App reported a 41% year-over-year growth, with total transaction volume reaching $207 billion. In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year.

Debit Card

PYMNTS

SEPTEMBER 17, 2019

The latest move by the fast-food monarch follows efforts that stretch back to 2016, when consumers in the Netherland were able to buy their meals with cryptos, in Arnhem. In addition, trading volumes on the cryptos exchanges where the Whopper coins would change hands have shown no volume at all.

Bitcoin

Fintech Finance

JULY 10, 2024

Since launching SketchMyCard, Papara has observed an increase in card orders, active users and transaction volumes. Established in 2016, Papara is a fast-growing fintech with over 20 million individual users.

Volume