Tag Archive | payments

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

How Blockchain will Drive Mobile Money Transfer Growth

How Blockchain will Drive Mobile Money Transfer Growth

According to Juniper Research, the volume of domestic money transfers via mobile phones will exceed 203 billion in 2024 — that’s up from 130 billion in 2019. Domestic person-to-person (P2P) payments will drive this growth, accounting for 80 percent of all domestic transfers in 2024.

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

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

Digital Payments Reach $6.7 Trillion in B2B Transactions

Digital Payments Reach $6.7 Trillion in B2B Transactions

According to the latest worldwide market study by Juniper Research, B2B transactions processed by pureplay digital payment operators will reach $14 trillion by 2023 — that’s up from $6.7 trillion in 2018.

via Digital Lifescapes

B2B Virtual Cards will Expand Global Online Payments

B2B Virtual Cards will Expand Global Online Payments

According to Juniper Research, the annual value of virtual cards (e.g. temporary card numbers only available for a single transaction or limited time) used by businesses will grow by 90 percent over the next four years — exceeding $1 trillion by 2022.

via Digital Lifescapes