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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience. The result is an improved customer experience.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

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.

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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

These measures resulted in over 20 million SMSes being blocked since 2023. FIs and PSPs must also send real-time alerts for high-risk actions, such as new device logins, contact detail changes, transaction limit increases, and the addition of new payees, allowing consumers to respond swiftly to suspicious activity.

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Bitso Business Surpasses $12 Billion in Transactions in 2024 and Unveils Study Revealing Stablecoins as the Leading Alternative for Cross-Border Payments

Fintech Finance

Latin America and the Caribbean (LAC) stand out as the fastest-growing remittance region, with flows doubling over the past decade to $156 billion in 2023, growing at 10% annually since 2014well above the global rate of 4%. The global cross-border payments market, currently valued at $44 trillion, is projected to reach $65 trillion by 2030.

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Zepto Releases PayTo Index as Australia Shifts from Legacy Payment Systems

Fintech News

Between October 2023 and April 2025, Zepto settled more than 800,000 PayTo transactions, amounting to over A$511 million. The time for true industry collaboration is now so we can enable swift PayTo adoption across the market that puts consumers first.”

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Guavapay’s Transforming All Things Payments with Technology Innovation

Fintech Finance

The company founded in 2017 and headquartered in London, UK has witnessed a significant increase in its overall customer base with annual revenue growth of 71% this year compared to 2023, while nearly tripling the size of their London office team in response to the growing global demand for accessible financial options.

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The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

fintech sector surpassed $39 billion in 2023 and is forecast to reach $70.5 Between 2017 and 2023, the value of deposits in both traditional and digital banks in the United Kingdom rose significantly. In 2023, traditional banks had around 4.95 dollars in 2023 and is expected to surpass 2.3 Revenue in the U.S.

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