PYMNTS

JULY 26, 2020

of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. UPI was established by the central bank and is owned by a group of local lenders. billion, bringing bank accounts to hundreds of millions of residents for the first time.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

PYMNTS

OCTOBER 21, 2020

The ownership economy is going full throttle. Lest you think the change has been all about streaming media, about home delivery of meals and meal kits, of staying in … AutoNation’s results herald a pivot toward an age of personal mobility. The Individual Mobility Shift . They want a place to go to complete the transaction.”.

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

The Fintech Times

AUGUST 19, 2024

Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.

Economy 64

Economy Online and Mobile Banking FinTech Governance 64

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. in 2020, reaching $4.28 Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. billion in 2019.

Cross-Border 105

Cross-Border Processors Contactless Payments Multi-Currency 105

PYMNTS

JULY 3, 2020

But she added that merchants are coming back online with business models that are somewhat different than what came before. They may want to order online and pick up curbside. SMBs can accommodate that with a host of methods: mobile wallets, contactless cards, QR codes, paying in-store via a mobile app, etc.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

Fintech News

MAY 28, 2024

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

APACS 128

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 128

PYMNTS

JULY 21, 2020

economy hard, but few areas were hit harder than small businesses. In spite of their small size, they play a critical role in both their local and national economies. economy when everything is really clicking — which it hasn’t been for the last several months,” he said. “On COVID-19 has hit the U.S. The Bumpy Road Ahead.

Credit Union 83

Credit Union Economy Small Business Push-to-Card 83

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online and Mobile Banking 98

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

PYMNTS

APRIL 29, 2020

The COVID-19 pandemic has prompted traditional banks to take fresh looks at their digital initiatives and has given digital-only banks the opportunity to learn about the advantages and hurdles of serving customers primarily through online and mobile channels. Building Trust Between Banks and Consumers Online.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

Fintech News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 133

Online and Mobile Banking Treasury Non-Bank Credit Cards 133

PYMNTS

MAY 7, 2020

The prospect of restarting the economy of bringing all manner of everyday life in the U.S. back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. Call it a way to be physical even while being virtual. Reinventing The ATM.

ATM 122

ATM Credit Union Online and Mobile Banking Use Case 122

PYMNTS

DECEMBER 15, 2020

Scott noted that fewer credit union mergers happened in 2020, largely due to the pandemic. But he said the pandemic is “a catalyst for accelerating digital offerings” — and for transforming the very nature of in-person banking, even though boosting brick-and-mortar efforts might seem counterintuitive in the pandemic’s wake.

Credit Union 74

Credit Union Economy Online and Mobile Banking Contactless Payments 74

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

FEBRUARY 13, 2020

To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. That’s a challenge, as banks have traditionally plied their trade through face-to-face interactions. It’s really about extending out the capability of your card to the commerce ecosystem,” he said.

Online and Mobile Banking 92

Online and Mobile Banking Venmo Direct Deposit Deposit Account 92

PYMNTS

JULY 2, 2020

The government ban happened when Lagos, the government hub of Africa’s largest economy, banned motorbike passenger service in January, according to director of marketing Osagie Alonge , Bloomberg reported. OPay was formed a year earlier than that, in 2018, as a way for mobile customers to send and receive money.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Governance Government 79

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But S&P found that there’s an awful lot of ground left for mobile payments to capture.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Payments 56

PYMNTS

JUNE 17, 2020

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. But S&P found that there’s an awful lot of ground left for mobile payments to capture.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Contactless Payments Push-to-Card 56

PYMNTS

DECEMBER 11, 2019

Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. And while that addition to the market has made many things possible for consumers in formerly cash-locked economies, there has been a persistent problem of limitations for users once they want to transact outside their home environment.

Cross-Border 57

Cross-Border Credential Online and Mobile Banking Push-to-Card 57

PYMNTS

JULY 17, 2020

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. PYMNTS’ July 2020 Building a Better App Playbook , done in collaboration with Ondot , focuses on the rise of credit and debit usage amid the pandemic’s backdrop. percent.

Online and Mobile Banking 60

Online and Mobile Banking Debit Card Credit Cards Consumer 60

PYMNTS

DECEMBER 26, 2019

Shorten the timeframe a bit, and it gets (just a bit) easier to see what may be rushing toward us – or what we may be rushing toward — in terms of innovation in-store, online and across all manner of channels. In fact, a time capsule sealed today, with a prediction of what Dec.

Real Time Payments 55

Real Time Payments Online and Mobile Banking Payments Contactless Payments 55

PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

Debit Transaction 52

Debit Transaction Transactions Debit Card Security 52

The Fintech Times

MARCH 1, 2024

Payments giant Mastercard has launched its new ‘Open Banking for Account Opening’ programme for select US debit and prepaid products, hoping to streamline and secure account opening. In a recent study, Insider Intelligence found that Gen Z mobile banking adoption continues to rise by 12.4 million in 2020 to 47.8

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

PYMNTS

JULY 23, 2020

Open banking has been picking up steam in Latin America for more than two years. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. It also analyzes how the pandemic is affecting the future of open banking in. the region.

Online and Mobile Banking 66

Online and Mobile Banking Regulations Laws Push-to-Card 66

PYMNTS

OCTOBER 21, 2020

The PYMNTS/Visa How We Will Pay Study; 2020 Edition tells us that home is no longer merely where the heart is. Habits are hard things to change, but 2020 has been a year that has seen consumers unusually receptive to not only experimenting with new ways to transact, but to actually modifying the day-in, day-out details of how they live.

Economy 60

Economy Online and Mobile Banking Consumer Non-Bank 60

The Fintech Times

FEBRUARY 6, 2025

Financial Hub Casablanca (Ranked globally 56th) Key Economic Development Strategy Maroc Digital 2020 Economic, financial services and fintech overview: According to the 2017 World Bank s Global Findex Report, only 29 per cent of adults had a bank account.

FinTech 59

FinTech Online and Mobile Banking Financial Inclusion Laws 59

Fintech Finance

FEBRUARY 28, 2024

Today Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. million in 2020 to hit 47.8 year over year, from 20.7 million by 2026.

Visa 59

Visa Accounts Online and Mobile Banking Issuers 59

PYMNTS

NOVEMBER 13, 2020

QR codes had made some inroads here and there, and yet did not become the go-to repositories of data and information – scannable, naturally, across mobile devices – that some had predicted. The QR code is shorthand for the “quick response” barcode that was first designed in 1994, and which initially surfaced in Japan.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

Fintech News

NOVEMBER 5, 2024

De Abreu highlighted these prospects in a recent interview with Fintech News Singapore, emphasizing the growing importance of emerging markets, including LatAm and Africa, for the global gaming industry, fueled by rising smartphone penetration, increasing digital payments and the booming popularity of mobile gaming.

APACS 109

APACS Online and Mobile Banking Payment APIs and Integration Credit Cards 109

PYMNTS

OCTOBER 14, 2019

Removing that friction with experiences that enable customers to avoid age-old annoyances and homeowners to make extra income is intriguing to members of the sharing economy, according to Tim Wootton, CEO of shared parking marketplace Rover Parking. Keeping pace with parking payments and innovation.

Economy 48

Economy P2P Authentication Debit Card 48

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. 23-25, 2020. Take PayPal, for example. percent of all retail sales.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

The Fintech Times

SEPTEMBER 22, 2024

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia’s economy is projected to grow by 5.8 Cambodia has also ventured into central bank digital currencies (CBDCs).

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

Online and Mobile Banking 52

Online and Mobile Banking Underserved Financial Literacy Authorization 52

PYMNTS

JUNE 10, 2019

The role of trust in the digital economy has become more visible and important, and it’s pretty much a given that few online or mobile-focused companies will scale and succeed without winning the trust of consumers and other participants in their specific ecosystems. The Role Of Trust.

Online and Mobile Banking 66

Online and Mobile Banking Authentication Data Breach Credential 66

PYMNTS

OCTOBER 10, 2016

The year’s third quarter is over, so it’s prime time to check into the economy. Part of that effort, of course, includes examining the state of the foundation of the economy: small businesses. 15% of SMEs get rejected for a bank loan in Canada , found the CFIB in a new report.

Small Business 74

Small Business Online and Mobile Banking Checks Fraud Detection 74

PYMNTS

MAY 8, 2020

The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels. Merchants, too, enjoyed the tailwinds of a strong economy and sanguine consumer mindset. Setting The Stage.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

JANUARY 7, 2019

It also provides another sign that that cash is, generally at least, slowly losing its dominance as a payment method in all types of economies. Mobile Fuel. Launched in India in 2017, PayPal has formed partnerships with local online merchants such as BookMyShow, MakeMyTrip, Yatra, Goibibo, FreshMenu and Box8. That’s not all.

Alternative Payment Methods 76

Alternative Payment Methods Online and Mobile Banking Payments eWallet 76