Category: FinTech
Tech-Driven Payment Innovations Transforming the Casino Industry
Digital payment companies will generate $31.5 billion in 2024, four times the industry’s revenue in 2020. Fintech's unprecedented growth in the past few years is the result of innovation and increased adoption by fast-growing industries such as online gambling, e-commerce, and digital healthcare. In this article, we’ll focus on Fintech innovations disrupting the online casino…
The Role of Blockchain in Fintech: Transforming Transactions and Beyond
Blockchain technology has emerged as a revolutionary force in the world of finance, powering the growth of fintech (financial technology) and fintech development services. Originally introduced as the underlying technology for cryptocurrencies like Bitcoin, blockchain's decentralized and immutable nature offers far-reaching applications beyond digital currencies. In this article, we delve into the transformative role of…
Klarna set to introduce late payment charges
Buy Now, Pay Later provider Klarna is set to introduce late payment charges to UK customers in an attempt to curb loan defaults. From the 16th March, the short-term credit provider will begin charging fees of up to £5 to customers that miss payments. Fees will be capped at 25% of the order value with no more…
Global Open Banking payments to exceed $330 billion by 2027
A new study from Juniper Research has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027, up from $57 billion in 2023. The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027, predicts that the development of new use cases, such as bill payments via Open Banking, will drive adoption,…
Contactless Mobile Payments to Surpass 1 Billion Users in 2024
A new study from Juniper Research has found that the total number of unique contactless mobile payment users will reach 1 billion globally by 2024; rising from 782 million in 2022 and representing a growth of 60%. The report identified increased investment in contactless acceptance infrastructure, especially across emerging regions, as key to driving growth, through…
Experts Predict 8 Biggest FinTech Trends For 2023
From tribe-based banking to embedded finance and everyday cryptocurrency payments, here’s what to expect in the FinTech industry in the year ahead.. The financial technology sector is rapidly evolving with traditional methods of banking now being replaced with digital solutions, in a bid to make things faster, easier and, hopefully, more streamlined for both businesses…
Trojans targeting mobile banking reached all-time high first half of 2022
The majority of the population in developed countries has integrated mobile banking into their everyday lives surprisingly quickly and seamlessly. The adoption of mobile banking was successful because financial institutions and fintechs ensured that the applications were user-friendly, convenient, and extremely secure. However, since financial gains from finding loopholes in mobile banking applications…
The Pros and Cons of Forex Trading
The forex market is the world's largest and most liquid financial market. And it has an average global daily turnover of more than US $6.5 trillion. As a result, forex trading is one of the ways many people have attained financial freedom. However, it can be risky and complex, which is why many people believe…
NFT transactions to reach 40 Million globally by 2027
A new study from Juniper Research has found the global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027. This is based on its medium scenario for adoption, with brands leveraging the metaverse to boost digital growth. It cautioned that although NFTs present a new channel for growth,…
How charities are gearing up for the cashless society
Image: Give A Little When was the last time you gave any cash to a charity? Chances are it was probably a very long time ago now. The CAF’s 2021 UK Giving Report concluded that just 7% of donors used cash to give to charities in January 2021. The vast majority…
