Fintech News

SEPTEMBER 18, 2024

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. of e-commerce payments in 2022 to 4.4% BNPL, in particular, has surged, rising from accounting for 1.6%

APACS

Fintech News

OCTOBER 7, 2024

The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternative payment methods and offering acquiring in over 50 markets. While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023.

Alternative Payment Methods

The Paypers

DECEMBER 23, 2022

Beyond Borders 2022/2023 , a study by EBANX , has shown that alternative payment methods (APMs) have reached a 39% share of total digital-commerce volume.

Alternative Payment Methods

Fintech Finance

SEPTEMBER 24, 2024

Codat , the leading business data and insights provider for banks, has released new data that reveals a vast majority (71%) of US mid-sized businesses still use paper checks for supplier payments. Check fraud nearly doubled between 2021 and 2022, and more than $24 billion will be lost to check fraud in 20241.

Checks

The Fintech Times

JANUARY 9, 2024

There is a massive opportunity to enable merchants in the GCC to capitalize on the power of alternative payment methods and we are thrilled to partner with Tamara to fuel this growth in MENA.” Paymob’s growth across the region is driven by its 2022 Series B funding which was led by PayPal Ventures.

Payment Gateways

Fintech Finance

AUGUST 8, 2024

The collaboration between Thunes and Alipay+ first began in 2022 , when Thunes enabled Alipay+ for merchants in Europe, allowing them to accept cross-border payments from seven Asian e-wallets at checkout. Thunes offers Pay and Accept cross-border payment capabilities in over 130 countries and more than 80 currencies.

Cross-Border Payments

Fintech Finance

MARCH 18, 2025

Thomas Gillan, CEO of BR-DGE says that orchestration has been framed as an execution layer, when it should also be seen as a distribution layer – and that brings benefits to everyone in the payment chain while BNPL is the fastest-growing alternative payment method among consumers in the UK.

Alternative Payment Methods

Fintech Finance

MAY 22, 2025

According to the World Bank , Sub-Saharan Africa has the highest remittance costs globally, with an average of 8.72% for sending $200 in 2022. By leveraging dLocal’s payment network, Panda Remit is able to tackle these challenges head-on, offering recipients in critical African markets faster, more efficient solutions.

Cross-Border Payments

Fintech Finance

JULY 23, 2024

Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 billion in 2022. Consumers made 85 per cent of the total number of payments (41.0 billion payments) with businesses (commercial firms, government, and not-for-profit organisations) making the other 15 per cent (7.1

Contactless Payments

The Fintech Times

SEPTEMBER 25, 2024

Cheque fraud nearly doubled between 2021 and 2022, with projected losses expected to exceed $24billion by 2024. Despite more secure digital payment methods like virtual cards gaining traction, many businesses continue to rely on cheques due to familiarity.

Risk

The Fintech Times

OCTOBER 8, 2024

Hiroko Michishita , managing director, JCB International Asia Pacific, said: “Between 2021 and 2022, JCB has almost doubled the volume of e-commerce transactions in Singapore. Hong Kong’s e-commerce market also looks likely to grow at a similar CAGR of nearly nine per cent, with revenues expected to exceed $7billion by 2029.

APACS

Fintech Finance

JANUARY 8, 2024

There is a massive opportunity to enable merchants in the GCC to capitalize on the power of alternative payment methods and we are thrilled to partner with Tamara to fuel this growth in MENA.” Paymob’s growth across the region is driven by its 2022 Series B funding which was led by PayPal Ventures.

BNPL

The Fintech Times

JULY 24, 2024

According to UK Finance , the trade association for the UK banking and financial services sector, in 2023, the volume of cash payments made in the UK fell by seven per cent to six billion (from 6.4 billion in 2022). Cash accounted for 12 per cent of all payments made in the UK during 2023, down from 14 per cent in 2022.

Online and Mobile Banking

Fintech Finance

DECEMBER 15, 2023

Account-based transfers accounted for a significant 30% share of payments made on digital commerce in Colombia in 2022, according to data from Americas Market Intelligence (AMI) in EBANX’s Beyond Borders study. “We are excited to integrate Botón Bancolombia into our diverse payments portfolio. .

Cross-Border

The Fintech Times

JUNE 22, 2024

“APM platforms can centralise transactions, integrate with existing software, automate billing, manage subscriptions, and support popular payment methods. . This would be a 157 per cent increase from 2022 when there were 360 million people across the globe using the service. ” Why get involved?

BNPL

Fintech Finance

DECEMBER 8, 2023

People have seamlessly embraced various instant payment methods, with NIP in Nigeria, UPI in India, and Pix in Brazil emerging as the standout choices for their daily transactions. In 2022, global real-time transaction volumes surged by 63.2%, hitting a record high of 195 billion transactions.

Digital Payments

FICO

DECEMBER 20, 2022

New digital payments channels and methods will grow next year, giving new opportunities for fraudsters and scammers. Tue, 12/20/2022 - 10:20. As I look back on 2022, I’m reluctant to lean too far into predictions for 2023. Alternative Payments Methods Will Grow Faster than Debit — and Scammers Will Rejoice.

Digital Payments

Finovate

OCTOBER 21, 2024

Bridge was founded in 2022 to serve as an alternative payment method to compete with SWIFT and credit cards. For Stripe, which was valued at $70 billion earlier this year, the Bridge deal marks its largest acquisition since it was founded in 2010.

Stablecoins

Fintech Finance

MARCH 18, 2024

billion in 2022, which is predicted to rise to $34 billion by 2025, an increase of 45 percent. Worldline and Opn will provide access to popular local and international cards and the Bank of Thailand’s PromptPay, a leading alternative payment method. Likewise, the number of e-commerce users is expected to rise from 41.2

PCI DSS

The Fintech Times

MARCH 26, 2024

Em conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. This shift is propelling an increase in low-value payment transactions, effectively displacing cash from the equation. Another key trend is the rise of P2P payments.

Innovation

PYMNTS

DECEMBER 20, 2017

But that historical tide may be slowly beginning to turn with younger consumers opening up to alternative payment methods. What’s more, PYMNTS research expects the total use of cash to continue to drop through 2022 at a rate of 1.4 Cash usage as a percentage of the country’s GDP declined by an average of 2.1

Alternative Payment Methods

Stax

JANUARY 15, 2024

Swipe fees have doubled in a decade and increased by 20% since 2022. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods.

Credit Cards

The Fintech Times

APRIL 30, 2024

McLeod joins from HM Treasury, where she has served as advisor to the Chancellor of the Exchequer on growth, investment and business since October 2022. Company updates Axle Asia, an insurance broker in Indonesia, rebrands as bolttech following the completion of bolttech’s acquisition of the majority shareholding in Axle Asia in late 2022.

FinTech

The Fintech Times

MAY 4, 2024

In 2014, Stripe announced that it was trialling Bitcoin payments with a select number of users, making it one of the first payment companies in the world to integrate the alternative payment method. As a result, in early 2018, Stripe announced it was no longer going to support crypto payments.

Stablecoins

PYMNTS

FEBRUARY 10, 2020

Both of the company’s 7 For All Mankind and Splendid brands recently partnered with BNPL solutions provider Afterpay , enabling consumers to make installment payments on their purchases and increase access to sought-after items while maintaining the convenience of online purchasing processes. The Importance of Financial Flexibility .

BNPL

The Fintech Times

JUNE 18, 2024

Em Conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. Other alternative payment methods such as Nupay, developed by Nubank for international purchases, and digital wallets such as PicPay have similarly grown in popularity.

Payments

Clearly Payments

OCTOBER 25, 2024

High-risk businesses represent a significant portion of the economy; for instance, the global online gambling market, a high-risk industry, was valued at over $66 billion in 2022, and it’s only growing.

Risk

Clearly Payments

MARCH 18, 2024

This dwindling acceptance rate underscores a broader trend towards the adoption of digital payment infrastructure, signaling a paradigm shift in the way commerce is conducted. Beyond cash and credit cards, a multitude of alternative payment methods are gaining traction, catering to diverse consumer needs and preferences.

Credit Cards

The Fintech Times

SEPTEMBER 10, 2024

Em Conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. In March 2024, emerchantpay, the global payment service and acquirer, solidified its position in the LatAm market by partnering with fintech, FitBank.

Payments Trends

Stax

JANUARY 10, 2024

According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 In some cases, surcharging can encourage customers to use alternative payment methods that incur lower fees for the merchant, such as cash, debit cards, or ACH. billion every single day.

Credit Cards

Clearly Payments

APRIL 9, 2024

Additionally, peer-to-peer (P2P) payments through mobile apps like Venmo and Zelle have revolutionized transactions, allowing instant money transfers between individuals. Rise of Alternative Payment Methods: Fintech is introducing new payment methods beyond traditional cards and cash. trillion by 2027.

Finance

Finovate

MARCH 21, 2025

The goal of the partnership is to facilitate cross-border payouts, leveraging the integration of more than 900 local and alternative payment methods (APMs) such as credit and debit cards, bank transfers, and instant transactions.

Embedded Finance

Finovate

MARCH 5, 2025

Theodora Lau, Author, Analyst, Podcaster, Founder of Unconventional Ventures Artificial Intelligence Its been over 820 days since November 30, 2022, when OpenAI launched ChatGPT, and the world has never been the same. According to OpenAI, ChatGPT has amassed more than 400 million weekly active users, up 30% in the last couple of months.

Risk