Remove Contactless Payments Remove Digital Payments Remove Point-of-Sale (POS)
article thumbnail

Geidea Leads the FinTech Revolution in the Region, Starting With a Network of Thousands of Merchants and Preparing for the SoftPos Launch in Egypt

Fintech Finance

Geidea , a leading provider of digital payment solutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE.

article thumbnail

Wallet wars: How digital payments are reshaping finance

The Payments Association

Early 2000s The turn of the millennium saw the rise of tech companies attempting to break into new ground in the digital payments and e-commerce space, with PayPal at the forefront. The fintech pioneered the first phase of digital payments, enabling secure online transactions and laying the groundwork for future wallet technologies.

article thumbnail

Payment Stats That Will Blow Your Mind (and Change Your Strategy)

Clearly Payments

Global Digital Payment Volume Passes $10 Trillion in a Year! The global volume of digital payments will reach over $10 trillion by the end of 2024, a sharp increase from $8.3 This explosive growth is fueled by the rapid adoption of e-commerce, contactless payments , and fintech innovations. trillion in 2023.

BNPL 105
article thumbnail

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. Merchants partner with acquirers or payment processors to enable transactions. Total Transaction Volume : The U.S.

Process 105
article thumbnail

Key Differences of Payments for Small Businesses vs. Enterprises

Clearly Payments

Prefer mobile and wireless solutions that support contactless payments and QR codes for flexibility. Enterprises: Utilize integrated point-of-sale (POS) systems that connect with inventory, customer data, and analytics tools. to 4% per sale, which adds up significantly over time. In the U.S., and Canada.

article thumbnail

Card is King: Worldpay Reveals Global Payment Preferences as Cash Usage Drops 22%

The Fintech Times

This years report looks back at a decade of data to highlight the seismic shifts in payment habits since its launch while looking at the trends that will shape payments through 2030. Some of the main takeaways include a huge drop in cash payments, and an uptick in digital payments.

article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved.

Process 88