The number of fintech businesses has grown to more than 20,000 worldwide. So what are the best and most innovative companies right now? We take a look here! Fintech companies are growing in numbers and capabilities thanks to improvements in smartphones, internet connectivity and a host of other tech developments. According to data collected by Statista, there were around 12,500 fintech businesses worldwide in 2019, and that grew beyond 20,000 in... more
QR Code Payment Users to Reach 2.2 Billion Globally by 2025, as Services Expand Beyond China & India
- 11.01.2021 09:57 am
A new study from Juniper Research has found that the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020; equating to 29% of all mobile phone users across the world in 2025.
- 06.01.2021 10:55 am
Phos, the fintech behind the first-ever software-only Point of Sale (SoftPoS), and Mastercard, the global payments leader, have today announced an expanded partnership to support Tap on Phone, the Mastercard solution that turns phones into payment acceptance devices. In doing so, the collaboration is lowering the barrier to entry for small and medium sized enterprises that want to offer contactless payments.
- 06.01.2021 10:20 am
FSS Technologies (Financial Software and Systems), a global payments technology company, and Okay announced today their partnership to provide focused authentication security to consumer payments - specifically transaction validation and authentication on mobile.
- 05.01.2021 05:38 pm
CoinCorner, the UK’s leading Bitcoin exchange, is excited to announce support for the Bitcoin Lightning Network, bringing free and instant transactions to its users. CoinCorner is the first Bitcoin exchange in the UK to announce support for Lightning sends and receives, joining approximately 5 other exchanges around the world that support the scaling technology.
- 05.01.2021 12:37 pm
PXP Financial Inc., the US subsidiary of PXP Financial Ltd., the expert in global acquiring, payment, fraud and data analysis services, has today announced its partnership with US gaming operator BetMGM, the joint venture between MGM Resorts and Entain (formerly GVC).
- 04.01.2021 06:23 pm
As more customers have turned to digital channels to manage every aspect of their lives, they have experienced a poor payments experience and service. The problem is cards. They were not built for a digital-first experience and have been retrofitted into current online payment flows. Newer approaches such as Google Pay or Apple Pay paper over those cracks but don’t change the fundamentals.
- 04.01.2021 03:18 pm
UK-based global FinTech payments group Paysend achieved another record on December 30th with over 35,000 active users doing some 45,000 transfers abroad in a single day.
- 04.01.2021 08:40 am
First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, has signed a testing and trialing agreement with CLS for its confirmation, matching and netting service ‘CLSNet’. FAB, which has marked another regional first through this agreement, will be able to automate and standardise the netting calculation and reconciliation process with counterparties by using CLSNet, thereby increasing... more
- 31.12.2020 09:18 am
What will happen in payments in 2021? Sirpa Nordlund, SVP Industry Engagement at Nets, shares her views on three big trends to expect next year. 1. In 2021, we'll see the war of platforms continue.
Nearly a quarter of business owners (23%) will not buy any Christmas gifts for their family and friends this year as the pandemic takes its toll on plans across the UK. Christmas and working hours
- 23.12.2020 03:14 pm
2020 is the year of Bitcoin, as more and more cryptocurrency fans are looking for the best ways to get their hands on the most popular crypto. While there are over a thousand different options, it seems that Bitcoin is the golden currency that will shape the financial future of the world.
- 23.12.2020 10:55 am
Global analytics software provider FICO released its analysis of UK card trends for November 2020, which reflects the mixed financial fortunes of UK consumers as well as highlighting the continuing debt waiting game. “Our new data shows that despite the introduction of the second national lockdown, credit card spend increased in November, as Christmas shopping got underway, boosted by Black Friday,” explained Stacey West, principal consultant... more
- 22.12.2020 05:15 pm
Banks and the Italian Banking Association, in cooperation with ABI Lab, the banking research and innovation centre of the Italian Banking Association (ABI), have started experimentation with the digital euro. The aim of the initiative is to proactively contribute to public debate and support banks operating in Italy as they prepare for the future.
An international fintech holding Robocash Group has expanded the product line with the launch of its first Buy Now Pay Later service UnaPay in the Philippines.