Tag Archive | FinTech

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

Why Blockchain Innovation Needs a Business Case

Why Blockchain Innovation Needs a Business Case

“Prior to embarking on a blockchain project, 59% of respondents said they had no confidence that the project would deliver a positive return on investment – and only 38% of those who have implemented the technology developed a business case prior to investing.”

via World Economic Forum

The Blockchain Platform Market will Reach $3.1 Trillion

The Blockchain Platform Market will Reach $3.1 Trillion

By 2021, 90 percent of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to the latest worldwide market study by Gartner.

via Digital Lifescapes

B2B Cross-Border Transactions to Reach 14.8 Billion

B2B Cross-Border Transactions to Reach 14.8 Billion

A new global market study found that more than 14 billion B2B cross-border transactions will be processed by 2023; rising from 13.5 billion in 2019 — that’s a 7% increase. This will be driven by blockchain-based payment networks.

via Juniper Research

Global Fintech and Open Banking Market Outlook

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The fintech revolution continues to gather momentum. Global investment in fintech ventures more than doubled from $26.67 billion in 2017 to $55.33 billion in 2018. During the same period, the number of deals rose by 18.5% to 3,251.

via Knowledge@Wharton

The U.S. Leads Top Acquirers in Payment Tech

The U.S. Leads Top Acquirers in Payment Tech

Three out of the top five M&A deal makers (in terms of volume) during 2014-2018 were from the U.S. market. Germany-based Wirecard AG and China-based Ant Financial Services Group were the two other companies featured in the top five list.

via GlobalData

Digital Wallet Transactions will Reach $9 Trillion in 2024

Digital Wallet Transactions will Reach $9 Trillion in 2024

For the savvy digital wallet provider, the fintech revolution in online payments and person-to-person remittance has enabled several new players to achieve a growing presence across the global financial services and retail ecosystems.

via Digital Lifescapes