Tag Archive | FinTech

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

Distributed Ledger Innovation: Beyond the Hype

exponential-business-growth-accelerated-business-growth

“Another year has rolled on by, and while many things in the blockchain space have changed, a lot remains the same. 2019 saw a continued cooling of indiscriminate funding and a renewed focus on quality over hype.”

via World Economic Forum

International Money Transfer Innovation Gains Momentum

money-transfer-apps

According to the latest worldwide market study by Juniper Research, global international digital money transfer transaction volume will reach 2 billion by 2024 — that’s up from 1.1 billion in 2019.

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

Digital Banking: The Ongoing Disruption in 2020

Digital Banking: The Ongoing Disruption in 2020

In financial services, digital disruptors are coming, impacting traditional banks and credit unions as well as consumers. With the promise of personalized solutions and improved experiences delivered on digital channels, the potential for major changes to the banking ecosystem appears imminent.

via Financial Brand

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

Digital Payment Trends will Reshape the Global Economy

Digital Payment Trends will Reshape the Global Economy

In recent years, cashless payment has become increasingly prevalent, whether using conventional methods or innovative and convenient financial services on mobile phones. This trend will make our economy and financial system more efficient.

via World Economic Forum