Technology

Coronavirus Fuels Shift to Contactless Payments Methods

Coronavirus Fuels Shift to Contactless Payments Methods

As health officials around the globe seek to contain the novel coronavirus that causes COVID-19, economies and citizens remain unsettled.

Read More
1 in 5 Small Businesses Don’t Accept Digital Payment, During COVID-19

1 in 5 Small Businesses Don’t Accept Digital Payment, During COVID-19

Consumers Have Rushed to Digital Payment Options Such as Paypal and Venmo to Avoid the Spread of COVID-19 During Transactions, but 19% of Small Businesses Can’t Accept These Payments. Small Businesses Struggling to Stay Afloat Should Accommodate New Customer Preferences by Adopting Cashless Payment Options. 19% of U.S.

Read More
In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small and Occasional Sellers

In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small and Occasional Sellers

In an effort to reach occasional and very small sellers struggling with restrictions imposed to deal with the novel coronavirus pandemic, PayPal Holdings Inc. on Tuesday launched a Quick Response code capability for its mobile app.

Read More
Pandemic Gives Traditional Banks a Rare Chance to Catch Up Digitally

Pandemic Gives Traditional Banks a Rare Chance to Catch Up Digitally

While the economic impact of the coronavirus pandemic is expected to sharply curtail banking profits, its ripple effects could enable incumbent institutions to reduce the innovation gap with fintechs and the largest banks.

Read More
Biometric Payment Cards to Ride Contactless Wave, Market Producing Extra 110M Units in 2020

Biometric Payment Cards to Ride Contactless Wave, Market Producing Extra 110M Units in 2020

Biometric payment cards are expected to play a major role in a trend towards the use of multi-factor contactless transactions in the aftermath of COVID-19, ABI Research forecasts based on new research.

Read More
Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19

The COVID-19 outbreak has quickly catapulted contactless payments into the mainstream consciousness thanks to their hygienic benefits.

Read More
COVID-19 Impact on the Future of Fintech

COVID-19 Impact on the Future of Fintech

While a great deal of attention has been given to the impact of COVID-19 on traditional banking institutions, there is also a significant impact being felt in the fintech marketplace. This is best evidenced by the slowdowns in funding, drop in establishment of new fintech firms and the reduced revenues of most organizations already in […]

Read More
Coronavirus Contactless Payments Are Here to Stay

Coronavirus Contactless Payments Are Here to Stay

For years, the payments industry waxed unpoetically about transactions that eliminate physical interaction. There was contactless, mobile, mobile wallets, card not present, e-commerce, e-payments, e-invoicing, NFC, one-touch, one-tap, etc. We just kept pumping out new buzzwords. I have a new name for all of those: Corona Free Payments.

Read More
Deep Dive: Strategizing Transparent, Holistic Digital Banking Transformations

Deep Dive: Strategizing Transparent, Holistic Digital Banking Transformations

Financial institutions’ (FIs’) consumers and business clients expect instant access to needed financial services regardless of which devices they use, but reality can fall short of their expectations.

Read More
post thumbnail

COVID-19 Related Shifts in Digital Banking Behavior Favor Big Banks

The COVID-19 pandemic thrust the retail banking industry into embracing a digital-first mindset. With consumers forced to use online or mobile banking alternatives, or face long lines at drive-up teller windows, the use of non-branch banking solutions has increased dramatically.

Read More
FinTech Profile: Airwallex – Global Payments Made Simple

FinTech Profile: Airwallex – Global Payments Made Simple

Airwallex uses innovative technology and cross-board financial infrastructure and applications to transform global payments Airwallex, founded in 2015, believes in building a global financial infrastructure to scale the digital economy. The business was founded with the aim of delivering a better solution for global payments.

Read More
Top 3 Mobile App Development Technologies That Will Reshape Mobile Banking in the Covid-19 Crisis

Top 3 Mobile App Development Technologies That Will Reshape Mobile Banking in the Covid-19 Crisis

More than a third of the entire world’s population is under various forms of lockdown. For instance, South Africa went into lockdown for 21 days. New Zealand ordered 14-day quarantine for all individuals in this country. The UK went into full lockdown on 23rd March 2020.

Read More