Tag Archive | payments

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

The Commercial Advantages of Blockchain Technologies

The Commercial Advantages of Blockchain Technologies

Juniper Research assessed 15 leading blockchain vendors, scoring them on experience in the sector, marketing efforts and customer deployments along with their blockchain solutions. Juniper identified the 5 leading vendors as follows: IBM, Infosys Finacle, Guardtime, R3 and Ripple.

via Digital Lifescapes

China will Continue to Lead Global eRetail Payments

China will Continue to Lead Global eRetail Payments

Juniper now forecasts that over half of global revenue will be generated in China by 2024 — primarily owing to its increasing consumer affluence, and vast usage of Chinese social payments platforms such as WeChat Pay.

via Digital Lifescapes

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

Smartphone Apps Drive the eRetail Payments Market

Smartphone Apps Drive the eRetail Payments Market

According to the latest worldwide market study by Juniper Research, the total transaction value of remote payments for digital and physical goods will exceed $6 trillion by 2024 — that’s a growth rate of 53 percent from 2019.

via Digital Lifescapes

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