FinTech RSS
UK closing US lead on FinTech investment in PayTech
The UK’s payment technology, or PayTech, sector is booming and closing the gap on the US, its closest rival, according to research from the Emerging Payments Association (EPA), sponsored by The Bancorp and conducted by Accourt. But the report also raises concerns about the UK PayTech sector’s attractiveness to acquirers. The report Investments in Paytech analysed [...]
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Increasing adoption of mobile P2P payments
In a recent primary consumer research it highlights a rapid increase in adoption of mobile payments, and specifically in mobile P2P payments. Based on a survey of 1,279 smartphone users conducted in December of 2015, results suggest that trial and adoption are accelerating quickly—and that being a fast follower in this space may not be enough [...]
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Connected commerce and wearables for payments
The worldwide wearable device market (commonly referred to as wearables) will see continued growth as second and third generation iterations reach the market. These new devices will build upon the hardware and software of their predecessors and resolve some of the shortcomings and concerns identified by customers today. In the Digital Payments Report, survey respondents [...]
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Blockchain in banking: disruptive threat or tool?
Blockchain could have widespread potential to disrupt financial intermediaries. This in-depth Morgan Stanley study suggests several misconceptions and identifies 10 hurdles to overcome to make blockchain a reality in banking. The opportunity is clear but the blue sky is too far off to impact its 2017/18e. The pot of gold? Higher efficiencies. It’s early days, but industry heavyweights are sponsoring a wide range [...]
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Alternative payments impact South Africa’s payments market
Alternative payments are gaining traction in South Africa, with banks and payment companies introducing new solutions. Recent initiatives include the launch of MasterPass, Zapper, FlickPay and SnapScan. The MasterPass digital wallet was introduced in association with Standard Bank in July 2014. Users can shop online without disclosing payment and shipping information with every purchase. Zapper, [...]
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