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During a recent trip to China, Yuno Co-founder and CEO Juan Pablo Ortega ordered his go-to Starbucks drink a Venti Cold Brew and reached for his credit card. This routine transaction turned into an awkward exchange, when he was met with surpriseand even a hint of annoyancefrom the cashier. The reason? Credit cards are practically a relic of the past in China, with QR code payments via AliPay and WeChat Pay now already accounting for a collective 92% share in Chinas massive payments market.
It’s the end of 2024 and the payments industry isnt just evolving its undergoing a seismic shift thats changing how the world does business. From crazy numbers to transformative technologies, the stats behind todays payment trends are more than just impressive; theyre a roadmap to the future. Whether its the meteoric rise of mobile wallets or the staggering costs of abandoned carts, these insights reveal opportunities that can redefine your strategy.
In Brazil, global companies offering instalments as a payment solution experience an average weekly revenue growth of 40%, as revealed by internal data from EBANX , a global technology platform specialising in payment services for rising markets. This trend is particularly pronounced in the gaming sector, where the Average Order Value (AOV) with instalments increases by 98% compared to single-payment transactions.
Trust Payments CEO Laurence Booth emphasises the need for payment service providers to move beyond transaction processing, leveraging digitisation and personalisation to deliver seamless, data-driven experiences in an evolving consumer and regulatory landscape. The payments industry is at a turning point. Consumer expectations are evolving rapidly, and merchants are racing to keep up.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Worldline [Euronext: WLN], a global leader in payment services, is proud to announce the launch of FlexPricing, a first-of-its-kind feature designed specifically for Independent Software Vendors (ISVs) to earn revenue in innovative and simple ways. With FlexPricing, software vendors can easily implement flexible pricing strategies that include charging a percentage fee on bank transfer transactions, adding custom fees, and letting Worldline take on their billing duties.
Dialect, the payments specialist business outsource provider and Synalogik , the data aggregation and fraud prevention platform, are pleased to announce their new strategic partnership. The partnership leverages Synalogiks APP Fraud prevention solution and Dialects specialist customer remediation services to deliver a comprehensive and seamless end-to-end APP fraud prevention and customer management offering for payments firms and financial institutions.
Pro Money are thrilled to invite you to the Baltic Payment Forum , where innovation meets insight in the dynamic world of payments and fintech. Taking place on March 5th 2025 at the Radisson Blu Hotel Lietuva, Vilnius, Lithuania. Who will attend? 300 + top-managers responsible for payment sphere of banks, financial and fintech companies, payment systems, solution providers from 30+ countries: Baltic States, European countries, Ukraine and other countries worldwide.
Pro Money are thrilled to invite you to the Baltic Payment Forum , where innovation meets insight in the dynamic world of payments and fintech. Taking place on March 5th 2025 at the Radisson Blu Hotel Lietuva, Vilnius, Lithuania. Who will attend? 300 + top-managers responsible for payment sphere of banks, financial and fintech companies, payment systems, solution providers from 30+ countries: Baltic States, European countries, Ukraine and other countries worldwide.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to
Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visas fraud protection capabilities and enhance security for its customers and consumers worldwide.
We sit down with Samuel Flynn , co-founder and CEO at Hands In , a split payments platform enabling users to split payments across multiple cards and people, to explore how the company has fared in the last 18 months and its plans for the future. With 2024 coming to a close, it’s an ideal time to reflect on how the fintech industry has fared, as well as a short period to take a breath and look to the future.
Enfuce , the leading provider of next-generation payment solutions in the Nordics, has partnered with Alisa Bank , Finlands forward-thinking digital bank, to introduce an innovative business credit card tailored for small and medium-sized enterprises (SMEs) in Finland. This collaboration is set to disrupt the SME banking landscape by offering a seamless, digital-first solution that meets the growing demand for flexible, cost-effective financial tools in the modern business world.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
New Zealand could soon see lower prices and fewer surcharges for credit card users as the country’s regulatory authority, the Commerce Commission , proposes slashing fees for accepting Visa and Mastercard payments. This initiative could potentially save businesses and consumers around $260million annually. According to the Commerce Commission, consumers spend approximately $95billion each year using Visa and Mastercard products, while New Zealand businesses incur around $1billion in fees t
One of the latest developments in the payments space, Refunds-as-a-Service, promises to bring innovation to an area of customer experience – refunds – in which more than a trillion dollars of value are exchanged every year. In today’s Streamly interview , Jeremy Balkin, Founder and CEO of TodayPay , talks with me about his path from a Managing Director at J.P.
Victoria’s Secret & Co , the global clothing and beauty retailer, has selected Global-e , a platform powering direct-to-consumer e-commerce, to advance its international online operations. Victoria’s Secret is also launching an end-to-end localised shopping experience in over 100 markets worldwide in partnership with Global-e. This enables pricing and payment in each user’s local currency, alongside a variety of local and alternative payment options, guaranteed final cost o
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides secure and reliable communication networks for over 11500 connected financial institutions to facilitate cross-border payments and securities transactions. But as digital thieves and cyberattacks became more sophisticated targeting the financial sector, it led to the rise of cyber security cases which is why SWIFT introduced the SWIFT Customer Security Programme (CSP), a set of cybersecurity requirements designed to
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Careem Pay has rolled out a new service enabling UAE-based Lebanese residents to send money back home, following a partnership with Lebanon’s Purpl digital wallet. The remittance solution enables users to send transfers from AED into USD directly to mobile numbers connected to a Purpl wallet, circumventing the need for a traditional bank account.
From 19 December to 29 January, eligible PCI SSC stakeholders are invited to review and provide feedback on the draft Secure Software Lifecycle (Secure SLC) Standard v2.0 during a 40-day request for comments (RFC) period.
Invoice automation firm, Basware has revealed that 90 per cent of organisations lack dedicated prevention teams, forcing accounting staff to juggle fraud management in addition to their regular responsibilities. This strain on resources has largely come as a result of generative AI according to the report. Specifically, 62 per cent of businesses cite generative AI as a key driver behind the surge in invoice fraud according to The Rise in AP Fraud report by Basware.
Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced that it has expanded its partnership with Adyen , the global financial technology platform of choice for leading businesses. The expanded partnership makes Affirm the first Buy Now, Pay Later (BNPL) provider to support Adyen for Platforms, an end-to-end payment solution for platform businesses, and brings more payment options to Adyen merchants in Canada.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
As banking and lending become more inclusive and personalised, financial institutions continuously seek innovative solutions to streamline operations. One solution that has gained significant popularity in helping lenders improve their operations is the loan origination system (LOS). As per an IBSi report, over 55% of banks say the limitations of their existing core solutions are […] The post How Does a Loan Origination System Integrate with Legacy Systems?
Elevating cash and liquidity management with better c ontrol, v isibility, and u sability The latest Nomentia Cash Management 2024.11 release brings a range of upgrades designed to increase control, visibility, and efficiency across cash management processes. From enhanced payment security to deeper liquidity insights, these improvements give finance teams the tools to stay ahead in managing their operations with precision and speed.
People First Federal Credit Union has joined the Federal Reserves real time payments network, FedNow, as a receiver and aims to expand its capabilities to include send functions to improve customer experience in 2025. Prior to this expansion, the $930 million credit union had been looking to improve its fraud detection capabilities; it has done […] The post People First FCU to add FedNow send capabilities in 2025 appeared first on Bank Automation News.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.
A new analysis of finance, fintech and crypto apps on the Google Play Store by SplitMetrics, has found that UK neobanks have surpassed UK legacy banks in terms of app downloads for the very first time ahead of the festive season.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Taurus , a specialist in cryptocurrency custody and tokenisation, has expanded its collaboration with Temenos to integrate Taurus-PROTECT with Temenos Core banking.
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
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