Fintech News

DECEMBER 2, 2024

For example, buy now, pay later (BNPL) transactions surged 113% in 2023, reaching US$2.34 In 2023, the number of domestic stock trading accounts reached 7.2 rate in 2023. Digital lending is another fintech vertical that’s rising, reaching US$6 billion in loan book balance in 2024, up 49% YoY.

Financial Inclusion 110

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 110

Clearly Payments

NOVEMBER 6, 2024

In 2023, the total volume of card-based transactions, which includes credit, debit, and other electronic payments, reached over $10 trillion. market’s total transaction volume in 2023 was over $10 trillion, encompassing credit and debit card transactions as well as Automated Clearing House (ACH) payments. trillion 2023 $5.6

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

NFCW

APRIL 3, 2025

of all eligible in-store card transactions were made using contactless in the UK in 2024, Barclays reports, “surpassing the previous years record of 93.4%” Shoppers also used the technology more frequently in 2024 on average, 236 times across the year compared to 231 times in 2023.

CHIPS 89

CHIPS Contactless Payments Mobile Payments Transactions 89

Fintech News

JANUARY 12, 2025

billion in 2023 and a steep 75% drop from US$6.3 dip from US$203 million in 2023. Payments companies raised US$366 million, a 53% increase from 2023, while cryptocurrency firms secured US$325 million, up 20%. Southeast Asias fintech sector recorded US$1.6 billion in funding in 2024, a 23% decline from US$2.1 billion in 2022.

FinTech 106

FinTech Contactless Payments Cryptocurrency Returns 106

Fintech News

APRIL 28, 2025

This agreement builds on a memorandum of cooperation signed in December 2023 between NBC and Japans Ministry of Economy, Trade and Industry (METI), which was witnessed by Cambodian Prime Minister Hun Manet and Japanese Prime Minister Fumio Kishida.

Cross-Border 114

Cross-Border Payments Settlement Agreements 114

Fintech News

NOVEMBER 27, 2024

This investment comes despite Partior reporting a 75% surge in losses for 2023, attributed to rising expenses related to the company’s expansion efforts. However, the company reported US$285,000 in revenue for 2023 compared to the previous year’s lack of income. said Humphrey Valenbreder, Chief Executive Officer of Partior.

Cross-Border 111

Cross-Border SARS Multi-Currency Correspondent Bank 111

Fintech Finance

NOVEMBER 26, 2024

In 2023, remittances accounted for nearly 1.5 According to World Bank data, remittance flows to Sub-Saharan Africa reached USD 54 billion in 2023, with a projected increase of 1.5% Remittances are vital in supporting households, small businesses, and local economies across Africa. times the size of foreign direct investment.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Financial Inclusion Underserved 98

Fintech News

FEBRUARY 4, 2025

A global study of over 150 C-level executives from corporate, institutional, and commercial banks in 2024 in Singapore revealed that almost 90% have lost clients over the past year due to delays and inefficiencies in onboarding – a dramatic 35% increase from 2023.

Money Laundering 114

Money Laundering Due Diligence AML Financial Crimes 114

Fintech News

OCTOBER 31, 2024

Tazapay has achieved significant milestones these past years, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in 2023, being included in the 2023 CB Insights’ Fintech 100 list , and securing a US$16.9 million Series A funding round led by Sequoia Capital Southeast Asia.

Cross-Border Payments 130

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 130

Fintech News

APRIL 25, 2025

Deepfake cases grew even more significantly, surging fourfold between 2023 and 2024 to account for 7% of all fraud attempts. In particular, identity fraud in the fintech sector doubled between 2023 and 2024, reflecting the aggressive growth observed in fintech across APAC. Among industries, financial services were hit the hardest.

Deepfake 80

Deepfake APACS Account Takeovers Verification 80

TechCrunch Fintech

MARCH 3, 2025

The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that […] 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 86

FinTech 86

Fintech Finance

OCTOBER 30, 2024

trillion worth of commerce in 2023, for over a million merchants globally. In their annual Global Payments Report, Worldpay predicts that digital wallets like Klarna will grow at 15% a year between 2023 – 2027. Worldpay is one of the world’s largest payment service providers, processing $2.3

BNPL 97

BNPL Service Provider Global Payments Payment Networks 97

Clearly Payments

OCTOBER 31, 2024

Global Usage : Credit cards represented 20% of global e-commerce transactions in 2023, a number projected to decline slightly as digital wallets grow in popularity. Market Share : As of 2023, digital wallets made up 49% of global e-commerce transactions , projected to rise to 54% by 2026. They remain a staple payment method globally.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Fintech Finance

FEBRUARY 5, 2025

While 74% of consumers used faster or instant payments in 2023, more than 70% of consumers and businesses looked to their financial institutions to provide these services, according to research from Federal Reserve Financial Services.

FedNow 97

FedNow Instant Payments Payment Networks Federal Reserve 97

Fintech News

DECEMBER 3, 2024

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

Stablecoins 129

Stablecoins Money Laundering Cryptocurrency Payments 129

Fintech News

DECEMBER 8, 2024

The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. Cake has become the first digital-only bank in Vietnam to achieve profitability, reaching this milestone 3.5 years after its launch.

Financial Inclusion 119

Financial Inclusion AI Transactions Innovation 119

Fintech News

MARCH 24, 2025

According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. in 2023 to 2% in 2024. in 2023 to 2% in 2024. Hong Kong ranked 6th among the regions top 10 markets, achieving an average verification time of 18 seconds.

APACS 85

APACS Verification Fraud Detection Money Laundering 85

Fintech Finance

NOVEMBER 14, 2024

According to 2023 data from INEGI , Mexican SMEs are the engine of the Mexican economy, generating 52% of revenue and employing 27 million people. However, high interest rates are a significant barrier to growth, preventing 85% of SMEs from accessing credit according to a 2023 study by Clara. This represents 68.4%

Credit Cards 97

Credit Cards Debit Card Payroll Economy 97

Fintech Finance

DECEMBER 16, 2024

The PSRs data shows that in 2023 alone, APP scams cost UK consumers 341 million. Over half of scams involve Meta platforms: In 2023, Meta platforms (Facebook, Instagram, WhatsApp) were linked to 54% of scam incidents (119,338 cases) and 18% of total losses (62.7 Thats roughly 1 in every 5 lost in scams. million in losses.

Scams 98

Scams Romance Scams Consumer Payee 98

Finovate

JANUARY 15, 2025

Headquartered in Santa Rosa, California, Union Credit made its Finovate debut at FinovateFall 2023 and returned the following year for FinovateFall 2024. The Costa Mesa, California-based company is publicly held, trading on the New York Stock Exchange under the ticker MLNK, and has a market capitalization of $1.45 Nicolaas Vlok is CEO.

Credit Union 105

Credit Union Origination API Finance 105

Fintech News

MAY 8, 2025

In 2024, the exploitation of vulnerabilities as a primary method of initial access accounted for 20% of data breaches, marking a 34% increase from 2023. million globally, a 10% increase from 2023, according to IBMs Cost of a Data Breach Report 2024. In 2024, the average cost of a data breach reached an all-time high of US$4.88

Deepfake 115

Deepfake Data Breach MFA Phishing 115

PCI Security Standards

SEPTEMBER 9, 2024

 This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.  

PCI DSS 199

PCI DSS Best Practices Payment Security Security 199

Fintech Finance

DECEMBER 11, 2024

BNPL spending next week is expected to rise beyond last year’s mid-December spike, as Gen Z heads into Christmas with higher debt levels compared to 2023.

BNPL 98

BNPL Credit Cards Financial Literacy Credit Union 98

Fintech Finance

NOVEMBER 27, 2024

In its analysis of 10 popular spending verticals* during the week of 20th-24th November 2023, including Black Friday 2023, LBMI tracked the impact of Black Friday across different retail subsectors, channels, and demographics.

PCI DSS 105

PCI DSS Alternative Payment Methods Payments Data Encryption 105

Fintech Finance

FEBRUARY 13, 2025

The total dollar amount sent on the platform increased 27% from 2023, while transaction volume on Zelle totaled 3.6 2024 highlights include: 151 million consumer and small business accounts are enrolled to use Zelle, an increase of 16 million from 135 million in 2023. Zelle transactions grew 25% from 2023 to a total of 3.6

Zelle 86

Zelle Credit Union Scams Small Business 86

The Payments Association

JANUARY 13, 2025

An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Over 222,000 cases were reported in 2023 alone, highlighting the scale and evolving nature of the challenge faced by regulators, payment systems, and consumers alike. Why is it important? What’s next?

Scams 88

Scams Romance Scams Phishing Volume 88

Fintech Finance

JANUARY 10, 2025

compared to 2023. [1] 1] This growth is particularly pronounced among Asian travellers, with arrivals from China and Japan up 64% and 53% respectively compared to 2023. [2] European tourism has rebounded, with visitor arrivals in 2024 exceeding pre-pandemic levels by 6% and spending up 13.7%

Acquirers 98

Acquirers Cross-Border Fraud Prevention Contactless Payments 98

Stax

MARCH 17, 2025

Nielsen Behavioral Panel of USA with 29K SMB monthly average desktop purchase transactions, from 13K consumers between April 2022-March 2023. Nielsen Attitudinal Survey of USA (June 2023) with 2,001 recent purchasers (past 4 weeks) from SMB merchants, including 1,000 PayPal transactions & 1,001 non-PayPal transactions.

ISVS 88

ISVS Venmo BNPL PayPal 88

Fintech News

APRIL 23, 2025

By late 2023, investor sentiment had soured. million in 2023. higher than Q4 2023) and achieved adjusted EBITDA of USD $152.2 Although there were fluctuations in profitability from Q4 2023 to Q4 2024, Garena showed a respectable 30% increase. billion in 2023. million, a dramatic improvement from USD $162.7

Adjustments 69

Adjustments Value Added Service FinTech Posting 69

Fintech News

DECEMBER 2, 2024

The partnership builds on Tenity’s work with Ripple since 2023, which has supported 29 startups chosen from more than 200 applications. These accelerator programmes have focused on developing DeFi solutions, real-world asset tokenisation, and payment innovations.

Innovation 133

Innovation Breach Blockchain FinTech 133

Fintech Finance

NOVEMBER 26, 2024

Meanwhile, Equifax analysis shows the average transaction 3 amount has increased by almost a third – or nearly £100 – in the past year alone, from £269 in 2023 2 to £357 this year 1. Meanwhile, the cost-of-living crisis is driving consumers to use BNPL services more across a number of areas, compared with November 2023 2.

BNPL 97

BNPL Regulations Consulting Consumer 97

TechCrunch Fintech

JANUARY 21, 2025

In 2023 Qomodo, a Milan-based “all-in-one” payment methods aggregator for physical merchants, came out with a 34.5 Payments and financial solutions are two-a-penny at this point, but mostly for online e-commerce. What about physical stores? million ($36.9

BNPL 85

BNPL Payments FinTech 85