Mobile wallets ‘to reach $7.6T by 2027’

The global mobile wallet market is forecast to hit $7.6 trillion by 2027, having stood at just over $1 trillion in 2019, according to a new report. Allied Market Research said the expansion equated to a compound annual growth rate (CAGR) of 28.2% between 2020 to 2027, driven mainly by a soaring number of [...]

By |2020-07-28T14:01:47+00:00July 17th, 2020|Financial|0 Comments

How the pandemic changed payments (permanently)

An industry whose closest familiarity with viruses has come from the kind that infects computers has for most of this year had to contend with a pathogen that has sickened millions of people and killed hundreds of thousands. While the payments business is hardly alone in the sweeping adjustments it has had to make [...]

By |2020-07-28T16:59:33+00:00June 29th, 2020|Financial|0 Comments

Transforming credit card processing with less unpredictability and complexity and more transparency

From the time the first universal credit card was introduced by the Diners’ Club in 1950, merchants have been paying credit card processing fees. These fees, which can range from 2% to 3%, add up quickly for merchants and negatively impact the bottom line. According to The Nilson Report, merchants paid $86.30 billion in processing fees in 2018. [...]

By |2020-07-28T16:58:46+00:00April 6th, 2020|Financial|0 Comments

New skills will be needed for digital banking revolution

Singapore is expanding its digital banking sector as it plays catch up with Hong Kong. Five new digital bank licences will be issued, and this time they are open to non-banks to apply. The growth of digital banking will put more pressure on employers looking to hire top talent with technology skills. The new [...]

By |2020-07-28T14:21:02+00:00November 6th, 2019|Financial|0 Comments

Reducing friction in digital payments

ORF in conjunction with the Koan Advisory Group has come out with a report titled ‘Towards a Cyber-Security Roadmap for Digital Payments: Best Practices and Recommendations’ to smoothen and strengthen the digital payments system in India. The report, developed by Sidharth Deb of the Koan Advisory Group, was released on 3 May at ORF during a round-table [...]

By |2020-07-28T14:11:05+00:00May 30th, 2019|Financial|0 Comments

Digital Banking Frauds Are On The Rise: How Much You Have To Bear?

As government has been fast gearing to promote digital payments to boost cashless transaction, the problem of banking transaction fraud is on the rise. And to safeguard the interest of banking customers who despite all the necessary precautions are exposed to such threats have been provided a safety net by the banker to the bank. Digital Banking [...]

By |2020-07-28T14:08:22+00:00September 1st, 2018|Financial|0 Comments

Is Artificial Intelligence AI upon us?

Artificial Intelligence (AI) is probably the most talked about advancing technology which promises to transform whole industries in the next five years with profound implications on the world we live in. Of course, we've been aware of this coming dawn and the potential impacts it could have on humanity and the world for years [...]

By |2018-08-22T16:36:14+00:00August 21st, 2018|Financial|0 Comments

Market Access’s New Website Launches

We are delighted to announce the launch of Market Access's brand new website, which launched earlier today. About Market Access What makes Market Access different is the full business solution for funds and currency management. Market Access caters for businesses, large and small, who are looking for new card processing, foreign exchange, virtual banking [...]

By |2018-08-01T08:27:04+00:00August 1st, 2018|Financial|0 Comments

Did the World Cup Impact the Economy?

Did the World Cup impact the economy? Yes, but not by much and perhaps the Weather had more of an impact than 'it nearly coming home'. "Retail sales grew strongly across the three months to June 2018 as the warm weather encouraged shoppers to buy food and drink for their BBQs. However, in June retail sales [...]

By |2018-07-20T17:54:44+00:00July 20th, 2018|Financial, International|0 Comments

The Bank of England and FCA Order Banks to Reveal Tech Meltdown Plans

UK banks have been told to reveal tech meltdown plans by The Bank of England and the Financial Conduct Authority. Together, they have given financial firms three months to detail how they would respond if their systems failed. In part, this has been triggered by some TSB customers being left unable to access online [...]

By |2018-07-07T12:53:32+00:00July 7th, 2018|Financial|0 Comments
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