From inside its grey corporate headquarters in Aschheim outside Munich, Wirecard projects an image of one of Germany’s leading business success stories, a fintech champion to rival software giant SAP.
Read MorePayPal’s (NASDAQ: PYPL) move to acquire Venmo through the purchase of Venmo’s then-parent company Braintree in 2013 got a lot of praise at the time. The mobile payment app was seen as an important asset that would help PayPal solidify its leading position in the mobile payment services industry.
Read MoreFrom appliances to automobiles, the volume and variety of endpoints gaining internet connectivity continues to grow. According to 451 Research’s IoT Market Monitor, the number of Internet of things (IoT) devices globally will expand from 7.9bn in 2019 to 13.8bn in 2024 (excluding PCs, smart TVs and game consoles).
Read MoreThis article was originally published in the Autumn 2019 issue of The Record. Subscribe for FREE here to get the next issues delivered directly to your inbox. Payments is a deceptively simple term in today’s data-driven world.
Read MoreIn a world of digital wallets, mobile payments and fintechs, platform modernization stands as an inevitable journey for banks and payments processors. New technologies, intense competition and soaring customer expectations now drive banks to transform their payments systems.
Read MoreFrom appliances to automobiles, the volume and variety of endpoints gaining internet connectivity continues to grow. According to 451 Research’s IoT Market Monitor, the number of Internet of things (IoT) devices globally will expand from 7.9bn in 2019 to 13.8bn in 2024 (excluding PCs, smart TVs and game consoles).
Read MoreU.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked cryptocurrency that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the stablecoin will be used in a pilot initially for internal settlement across the company’s business.
Read MorePayPal’s (NASDAQ: PYPL) move to acquire Venmo through the purchase of Venmo’s then-parent company Braintree in 2013 got a lot of praise at the time. The mobile payment app was seen as an important asset that would help PayPal solidify its leading position in the mobile payment services industry.
Read MoreWhen it comes to mobile wallets, Apple is the $1 trillion elephant in the room. The iPhone maker controls about half of the US smartphone market and around 10% worldwide. A recent survey showed that more than 80% of US teens have an iPhone. Every one of those devices comes pre-installed with Apple Pay, the […]
Read MoreYet, as digital payments continue to grow, banks can tap into US500 billion opportunity in new payments revenue if they adopt innovative business models NEW YORK, LONDON and HONG KONG; Sept.
Read MoreThe banking industry continues to struggle with issues around reputation, trust and loyalty, failing to completely recover from pre-crisis issues that have resulted in new competitors and consumer backlash.
Read MorePayPal Holdings has become the first foreign payments company to gain a foothold in China, more than a year after Beijing said it would open the space to foreign firms. But the deal may be less than it seems, as PayPal, a leader in U.S. digital payments processing, enters China as a bit player.
Read More“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms.
Read MoreAll Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions – including at McDonald’s drive-thrus across the country.
Read MoreCielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices.
Read MoreDigital banking has grown rapidly in recent years. Juniper Research forecasts that by 2021, one out of every two adults in the world will use a smartphone, tablet, PC or smartwatch to access financial services.
Read MoreIntroduction Mobile banking is a service that enables customers to complete several transactions such as making deposits, checking balances and paying bills. It also provides 24-hour access to customers who are looking to complete any banking tasks or reach customer service.
Read MoreWhen it comes to new payment technologies, it’s often difficult to know what consumers are thinking, and banks have a lot on their plates. Aligning a transformation strategy with the desires of consumers is an interesting chart to plot. One thing that’s clear is both banks and consumers have embraced contactless.
Read MoreRecently, China’s central bank — People’s Bank of China (PBOC) — surprised the business and crypto world with its plan to launch a central bank-backed digital currency (CBDC). The news came after the announcement of Facebook’s Libra, creating a perception that China is playing catch-up.
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