Remove Financial Inclusion Remove Online and Mobile Banking Remove Payments Trends
article thumbnail

Payments trends report 2024

The Payments Association

Decentralisation, through DeFi and CBDCs, is driving financial innovation, addressing challenges like financial crime and cybersecurity, and meeting growing demand for secure, efficient solutions. The report also notes a shift in consumer preferences, with rising adoption of digital wallets, mobile POS payments, and BNPL services.

article thumbnail

Latin America Digital Payments Market Report 2025

Fintech Finance

Latin America’s Digital Payment Revenue to Triple by 2027 Latin America’s digital payments market is set to grow significantly, with revenue projected to reach USD 0.3 Growth is driven by financial inclusion, fintech innovation, and regulatory reforms. Latin America Payments Market Overview 3.1.

article thumbnail

Looking Back on 2024 in Paytech: Insights from Aevi’s Experts

The Fintech Times

This incident disrupted operations across airlines, banks, and media outlets, resulting in billions in losses for major corporations. The Bank of England has emphasised the need for payment firms to enhance their operational resilience, mandating improvements by March 2025 to better handle disruptions like cyber-attacks or system failures.

article thumbnail

Em Conversa: Exploring Payment Trends in Brazil and Beyond With emerchantpay

The Fintech Times

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. What are some payment trends we’re seeing in Brazil?

article thumbnail

How do Payment Trends Differ in Emerging Markets Compared to Established Ones?

The Fintech Times

To find out how payment trends differ across the world, we reached out to industry experts and asked them how these trends differ in emerging markets, compared to the most established ones. Trust in banks is generally established, which means they can focus on maintaining infrastructure and engaging stakeholders.

article thumbnail

Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows

Fintech Finance

The context and challenges of each impact the means, not the end, because the result of this digital revolution is very similar in all these regions: economic development, financial inclusion, and innovation,” says Juliana Etcheverry , Director of Country Growth – Latin America at EBANX.

article thumbnail

Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

Below are some statistics and trends in the demographics of how people pay, including by age, income, and location. Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments.