Tag Archive | financial services

Point-of-Sale Terminals Upgrade to Contactless Payments

Point-of-Sale Terminals Upgrade to Contactless Payments

Contactless transactions at POS are increasingly displacing cash in multiple markets. The study found that the average value per contactless transaction will grow from under $19 in 2019 to over $23 in 2024, with mobile payments and increasing contactless card issuance in the U.S. driving transaction growth.

via Digital Lifescapes

Mobile Banking Market will Reach $1.8 Billion by 2026

Mobile Banking Market will Reach $1.8 Billion by 2026

The global mobile banking market reached $715.3 million in 2018 and is projected to reach $1,824.7 million by 2026, growing at a CAGR of 12.2% from 2019 to 2026. The customer-to-business segment is the fastest growing.

via AMR

Fintech and AI Will Transform Financial Services

Fintech and AI Will Transform Financial Services

“63% of GlobalData survey respondents in banking, financial services, and insurance currently prioritize investments in artificial intelligence (AI), compared to only 54% of companies across all vertical markets.”

via IT Connection

Mobile Financial Services Upside in Emerging Markets

Mobile Financial Services Upside in Emerging Markets

According to the latest worldwide market study by Juniper Research, the total transaction value of the MFS market will exceed $1 trillion by 2024 — that’s rising from $580 billion of current transaction value in 2019.

via Digital Lifescapes

How Fintech Disrupted Brokers with Zero Trading Fees

How Fintech Disrupted Brokers with Zero Trading Fees

“The past few days should be a wake-up call for everyone in financial services. For any firm, the time to power up digital and CX transformation work is here — the disruptors are at the gate, but it is not too late.”

via Forrester

How Fintech is Reshaping Financial Services

How Fintech is Reshaping Financial Services

“Over the past several years, fintech firms have disrupted traditional banking paradigms. By combining modern technology with a laser focus on improving consumer experiences, large and small fintech firms have brought unprecedented changes to the banking industry.”

via Financial Brand

Digital Wallet Spending Surges in Europe and America

Digital Wallet Spending Surges in Europe and America

Spending via digital wallets across Europe and North America will increase by 40 percent this year to nearly $790 billion, according to Juniper Research. The largest growth in 2019 will come from in-store payments, with mobile contactless payments more than doubling across these regions.

via Digital Lifescapes