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Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

One common theme amid bank earnings — beyond lofty trading revenues gleaned from Wall Street — has been the increased uptake of mobile banking. Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs.

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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023. World Bank data indicates that global remittances reached $794 billion in 2023. World Bank data indicates that global remittances reached $794 billion in 2023.

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Connected Devices, Instant Payments, Digital Shift Top This Week’s News

PYMNTS

Customers now anticipate rewards, mobile integration, spend-management offerings — and that transactions that feel immediate and seamless regardless of marketplace or platform. Revolut Likely To Apply For US Bank Charter. Revolut , the European digital bank, is reportedly near applying for a U.S. banking license.

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FPC 2023 Spring Member Meeting

Faster Payments Council

Some banks may not be able to connect to both. The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects. Zelle® has become a phenomenal success story.

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