Category: FinTech
Biometric mobile payments to reach $1.2 billion by 2027, claims research
A new study from Juniper Research has found that the value of biometrically authenticated remote mobile payments will reach $1.2 trillion globally by 2027, rising from $332 billion in 2022. These transactions use biometrics - typically facial and fingerprint recognition - to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes,…
Is Forex Automated Trading Good in 2022?
As a hands-off investment method, forex automated trading utilizes powerful software and instruments. Forex transactions are executed on behalf of investors by a computer program that studies price trends, decides whether to buy or sell, and then executes the trades. Institutional FX traders have used automated trading robots for many years. Ordinary investors can now…
QR code payments to reach $3 Trillion by 2025, claims report
A new study from Juniper Research has predicted that the global spend using QR code payments will reach over $3 trillion by 2025; rising from $2.4 trillion in 2022. This growth of 25% will be driven by the increasing focus on improving the level of financial inclusion in developing regions and providing alternatives to established payment methods…
What Bitcoin Is and How to Buy It: The Ultimate Beginner’s Guide
What is Bitcoin? It is a question that many people have asked over the years. The answer is complicated, and depending on whom you ask, you will get a different answer. But, in general, it is a digital currency that lets you securely buy goods and services online and is changing the way we think…
10 ways to give your personal finances a makeover
Consumer watchdog Which? is advising consumers on how they can save money by giving themselves a ‘money makeover’ and fixing their finances. Many people are feeling financial pressure at the moment as soaring fuel, energy and food prices squeeze household budgets, writes Adam French, Which? Consumer Rights Expert. However, there are steps you can take…
Nearly half of all Brits rely on smartphone to make payments, claims report
Mobile reseller Buymobiles conducted a nationwide survey on the UK’s payment method habits. Findings showed an overwhelming 70% of participants preferred using cashless payment methods over actual cash. 63% of participants also think that using cashless payments is more helpful when it comes to keeping track of spending. Nearly half of respondents would leave their…
Mobile Contactless payments to grow 92% by 2023
A new report from Juniper Research has found that transaction volumes for mobile payments will grow from 26 billion in 2021 to 49 billion in 2023, a growth of 92%. Growth in mobile contactless transaction volumes will significantly exceed contactless card volumes by 2023, as mobile contactless transactions grow twice as fast as the card-based alternative.…
How is technology changing the way we manage our finances?
The financial industry is undergoing a major transformation. New and innovative services are readily providing people the power to manage their money, save more, or get out of debt without going through complicated processes. All of us get stressed about managing our money at one time or another. Whether you're trying to track your spending,…
Over half of world’s population to access digital banking by 2026
A new Juniper Research study has found that 53% of the world’s population will access digital banking services in 2026; reaching over 4.2 billion digital banking users, up from 2.5 billion in 2021. The research identified increased digital transformation efforts as enabling banks to function effectively during the pandemic; justifying the benefits of digital banking…
Mobile wallet payments to account for 1 in 3 transactions by 2024
The global shift towards a cashless society has created a huge space for mobile wallets as a safer and more convenient way of managing money. According to data presented by TradingPlatforms.com, digital or mobile wallet payments were the most used point of sale payment method globally, with a 21.5% market share in 2020. By 2024, mobile…
