Displaying 1 - 10 of 188 Payments and Industry Trends blog posts
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From API to AI to I: Banking Tech Gets Personal
Monday, October 21, 2019 Lu Zurawski to Payments and Industry Trends, Retail Payments, Transaction BankingTired feet. Running out of business cards. Countless LinkedIn connections – sound familiar? This time of the year is conference season; the annual SIBOS (SWIFT) and Money20/20 USA gatherings spanning the autumn give attendees plenty of hot topics and talking points. My American colleagues refer to this season as “the fall.” I trust this to be an observation on leaves and fruit rather than a sequitur on the state of the fintech industry. Either way, it’s a good time to harvest, to take stock and to work out what we should be doing with the apparent abundance of innovative produce.
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India’s Unified Payments Interface: Breaking the Billion Barrier
Tuesday, October 15, 2019 Somya Patnaik to Immediate Payments, Payments and Industry TrendsSeptember brought about quite a stir in the Indian payments ecosystem, with three years passing since the launch of UPI (Unified Payments Interface), and the realization that UPI is closing in on a significant milestone: one billion transactions per month. In September 2019, UPI clocked 955 million transactions, amounting to 1.61 trillion rupees (INR), demonstrating the extent to which Indian consumers have exuberantly welcomed real-time payments.
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The Need for Financial Inclusion in Developing Countries
Monday, October 14, 2019 Juan Beck to Payments and Industry Trends, Immediate PaymentsThe payments ecosystem globally is changing – and the idea of financial inclusion is increasingly featuring as part of long-term strategy. At a glance, financial inclusion means that people and businesses have access to important financial products, services and data, such as transactions, credit cards, payments, savings and insurance, and that these are delivered in a sustainable way. The challenge for banks lies in being more inclusive and meeting social needs, while remaining profitable and increasing market share.
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A Deep Dive into the Payment Tendencies in the Mexican Market (Part 2)
Wednesday, September 25, 2019 Eduardo Avalos Maldonado to Retail Payments, Payments and Industry TrendsWhile the sheer volume and age of potential shoppers makes México an attractive market, there is another component to the viability of eCommerce: México is mobile. A recent study performed by the Asociación de Internet.mx, shows that México is one of 22 countries leading the trend toward mobile commerce, with young adults making 88 percent of smartphone purchases. The country has one of the largest mobile markets in Latin America, with one-third of all residents using smartphones.
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A Deep Dive into the Payment Tendencies in the Mexican Market (Part 1)
Tuesday, September 24, 2019 Eduardo Avalos Maldonado to Retail Payments, Payments and Industry TrendsThe population of México is the second largest in Latin America, with 122 million residents, 39 percent of whom are considered middle-class. The population is relatively young, with an average age of just 27, and one-third estimated to be millennials, which is often a factor in driving the popularity of eCommerce. Last year, 56 million people accessed the internet in México, though despite the high number of internet and mobile phone users in the country, nearly two-thirds of the population do not have bank accounts (source: Banco de Mexico).
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Women in Payments: It’s Time to Get Out of Your Comfort Zone
Friday, September 20, 2019 Nidhi (Mathson) Alberti to Payments and Industry TrendsAs we gear up for Money20/20 U.S next month, we are excited to shine a spotlight on Natalia Ruiz, manager, Payments Risk Solutions at ACI Worldwide, who was recently selected to be part of the 2019 Rise Up Academy. This global program created by Money20/20 addresses the gender imbalance in leadership positions within the financial services and fintech industry.
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Get Customers to Race Through Your Payments Funnel
Thursday, August 29, 2019 Andrew Marshman to eCommerce, Payments and Industry Trends, Merchant RetailNo matter how good the products, how nice the website and how slick the flow, there are so many reasons why an eager prospective customer does not convert into a paying customer even after they have filled their basket. The buying decision has been made, but so often customers don’t complete the transaction.
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Women in Payments: Don't Be Afraid to Ask Questions
Friday, August 16, 2019 Nidhi (Mathson) Alberti to Payments and Industry TrendsToday, we have the pleasure of speaking with Google's head of Retail and Payments Activation for Southeast Asia, Anna Maria Maurieta. Anna works closely with retailers and e-wallet partners across the region's complex and sometimes highly-regulated market—including countries such as Indonesia, Thailand, Malaysia and Vietnam—making it easier for Google Play users to make payments on Play.
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How UPI is Driving India’s Shift from Cash to Digital Payments
Wednesday, July 03, 2019 Somya Patnaik to Immediate Payments, Payments and Industry TrendsThe Indian economy has traditionally been heavily dominated by cash, while experiencing low adoption of various online payment systems including National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and inter-bank mobile payments. The dominance of cash is evidenced by the ratio of cash withdrawals at ATMs vs debit card usage at Point of Sale (POS)—ATM transaction volume is more than 2x greater than POS.
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Women Must Choose to Rise Up Despite Past, Current and Future Circumstances
Wednesday, June 19, 2019 Nidhi (Mathson) Alberti to Payments and Industry TrendsMoney20/20, Europe’s biggest payments and fintech event, was recently held in Amsterdam and featured Rise Up Money20/20, a global program designed to address the gender imbalance in leadership positions within the financial services and fintech industries. A cohort of 30 female professionals was selected to take part in an exclusive curated agenda, complete with a series of bespoke content sessions, one-to-one mentoring and unique networking opportunities.