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What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

A growing young and middle-class The second driver Southeast Asia’s fintech boom is the regions growing tech-driven youth and middle class, two demographics that are fueling demand for digital-first financial services. Southeast Asia’s youth, aged 15 to 34, account for over a third of the population.

FinTech 120
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Crypto Trading Volumes Hit Record $68.3 Billion On Monday

PYMNTS

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 3), compounding its 2020 rally that catapulted it to quadruple as big U.S. billion, Reuters reported. The surge shows how strong trading has been lately, according to Reuters.

Volume 131
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Payment Processing USA: 2024 Market Overview

Clearly Payments

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6

Process 105
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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

In India, WhatsApp Pay was initially introduced in 2020 with a 40 million user cap. These restrictions were aimed at ensuring that the platform could manage the demand of Indias massive digital payment ecosystem while maintaining security and performance standards, the Financial Express reported.

Caps 122
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‘Ship-ageddon 2020’ Just Keeps Getting Worse

PYMNTS

With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge. UPS imposed shipping restrictions on some large retailers such as Gap, Nike, L.L. Hot Topic Inc.,

Volume 131
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FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results

PYMNTS

18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S. The company said that those factors were offset, in part, by expenses to help with formidable demand and to grow services, pandemic-related costs and “variable compensation expense.”. FedEx reported on Friday (Dec. in diluted EPS on $17.3

Volume 105
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Legacy Tech Still Plagues 95% of Asia Pacific Banks, Slowing Down Modernisation

Fintech News

These old-school platforms were never designed to meet the demands of todays always-on, customer-centric banking environment. This gets crucial when one thinks of financial institutions managing high-volume, mission-critical transactions. Strategic planning and long-term vision are therefore essential.