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 88

Cross-Border Payments Cross-Border Interoperability Payments 88

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 69

Adjustments Volume 69

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. Flipkart acquired PhonePe in 2016, and by 2018, it achieved unicorn status, just three years after it started. billion insurtech Matrixport 1.05

FinTech 138

FinTech Online and Mobile Banking Payment APIs and Integration Finance 138

PYMNTS

OCTOBER 27, 2016

Cyber Monday will mark PayPal’s top shopping day of the year, with more than $25,000 in total payment volume (TPV) per second at peak of Cyber Monday. Smartphone shopping isn’t just for stocking stuffers, however; PayPal predicts the largest holiday transaction on mobile will cost more than $64,000.

PayPal 65

PayPal Volume Mobile Payments Transactions 65

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 55

Volume Process ISVS Enrollments 55

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 59

Business Payments Payroll Fraud Detection Payments 59

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 66

Alternative Payment Methods Cross-Border Blockchain Innovation 66

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 133

Real Time Payments Visa Faster Payments Near Real-Time 133

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 116

Underwriting Credit Cards Risk Management Volume 116

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 69

Process Card Issuer Issuers Volume 69

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 77

ACH ACH Processing Direct Deposit API 77

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

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

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.

Transactions 98

Transactions Volume FinTech Innovation 98

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 68

Volume Payments 68

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 105

Debit Card P2P Cross-Border Central Bank 105

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 85

Bitcoin Ubiquitous Volume Blocks 85

CB Insights

APRIL 11, 2019

This year, 5 blood-testing related patents have been awarded to Theranos — all filed between 2015 and 2016, when fraud allegations were in full swing. ” In one example, it may enable the collection of a smaller volume of blood (or other bodily fluid samples) in a more efficient and accurate manner than traditional methods used today.

Volume 77

Volume Research Technology Innovation 77

FICO

JUNE 5, 2017

This sample was divided into two groups: Those who had a delinquency removed from their credit report between May 2016 and July 2016. Those who did not have a delinquency removed from their credit report between May 2016 and July 2016, presumably because their delinquencies were removed either before or after the May-July period.

Consumer 61

Consumer Volume Credit Cards Assessments 61

PYMNTS

NOVEMBER 10, 2020

It started when Founder Stephen Lease was training for a marathon in 2016. The things that are driving the industry today are those popular, large-volume items coming through big brands and retailers, because they have the most eyeballs on them and have the most financial impact,” he noted.

Technology 104

Technology On-Demand Use Case Product 104

PYMNTS

NOVEMBER 21, 2016

billion in gross merchandise volume — just more than a 32 percent increase over last year’s figures. KPMG’s “ China’s Connected Consumers 2016 ” report surveyed 2,560 Chinese consumers and discovered that 60.8 percent of respondents said they perform online searches for reviews and recommendations before purchasing a product online.

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

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 Privacy 73

Fintech News

JANUARY 7, 2024

Between January and October 2023, QRIS transaction volume reached 1.6 This infrastructure, which was launched in 2019, has considerably helped boost digital payment usage, with Doku reporting a fourfold increase in e-money transactions on its platform in 2022, compared with 2021.

Financial Inclusion 125

Financial Inclusion Innovation Payments NOV 125

PYMNTS

NOVEMBER 30, 2017

was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. 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). in 2016, according to BoE’s data. As of 2016, some 3.7

Contactless Payments 66

Contactless Payments Alternative Payment Methods Online and Mobile Banking ATM 66

PYMNTS

SEPTEMBER 19, 2016

New reports from software firm 1E in its Software Usage and Waste Report 2016 also uncovered high instances of software waste among businesses in other nations, with global enterprise waste currently at 38 percent. . $28 billion is wasted by businesses on enterprise software in the U.S. Germany, Italy and France. Even so, Brexit and the U.S.

B2G 75

B2G Small Business On-Demand B2B 75

PYMNTS

SEPTEMBER 12, 2019

Order volumes are up 130 percent as measured between 2016 to 2018, indicating that the appetite for delivery is only increasing. 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.

Volume 55

Volume Consumer Continuity Process 55

PYMNTS

SEPTEMBER 25, 2018

Beyond that, volume has exploded, with $284 billion extended in 2016 compared to $11 billion in 2013. China was the largest market, yet volume has declined in recent periods.

Risk 68

Risk FinTech Non-Bank Volume 68

PYMNTS

FEBRUARY 14, 2017

JPMorgan Chase reportedly passed $1 trillion in merchant processing volume in 2016. Chase Merchant Services is a leading provider of payment, fraud management and data security solutions capable of authorizing transactions in more than 130 currencies. Last month, JPMorgan & Chase Co.

Online and Mobile Banking 67

Online and Mobile Banking ATM Client Management Consulting 67

PYMNTS

JANUARY 16, 2018

The average size of the attempted fraud transaction was $227 for the entire holiday period, which is one percent higher than in 2016, when the average was $239. ACI also found that in 2017, one out of every 85 transactions was a fraudulent attempt, compared to one out of every 95 in 2016 and one out of every 109 in 2015.

Risk Management 58

Risk Management Transactions Volume Security 58

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. Halfway through 2016 alone, she stated, there had been 974 known data breaches that have affected half a billion people.

Security 74

Security Verification AML Data Breach 74

PYMNTS

OCTOBER 10, 2016

Whether it’s getting paid by corporate buyers with the sluggish paper check or facing the stamp of rejection on a bank loan application, SMEs aren’t in the easiest of spots to invest in new technology and human capital as the final quarter of 2016 commences.

Small Business 74

Small Business Online and Mobile Banking Checks Fraud Detection 74

PYMNTS

NOVEMBER 15, 2018

the percentage of companies that faced a data breach because of a vendor or third party was higher at 61 percent, which is up 5 percent from last year and 12 percent from 2016. In a press release announcing the results of the survey of more than 1,000 CISOs and other security and risk professionals across the U.S. Opus said that in the U.S.,

Data Breach 78

Data Breach Breach Risk Risk Management 78

PYMNTS

JANUARY 26, 2017

That is up from $477 million, or 39 cents per share, at the same time in 2016. The company said its gross merchandise volume, or the total value of all goods sold on its sites, rose 2.2 The holiday period saw a 3.1 percent in after hours trading. By the numbers, eBay saw its net income increase to $5.94 billion, or $5.30 billion-$9.5

Adjustments 66

Adjustments Legal Volume Product 66

PYMNTS

SEPTEMBER 12, 2016

Analysts at Global Trade Review attributed the decline in trade finance revenue to market volatility and declining commodities volume. 239 businesses have fled the UAE to escape loan and supplier payments between July 2015 and March 2016, according to insurance agency Coface.

Finance 73

Finance Small Business Non-Bank Research 73

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