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POS lending is growing at 20% plus annually
Payments Technology Payments Trends

ChargeAfter partners to grow POS financing technology and options for merchants, consumers

Point-of-sale (POS) funding technology platform ChargeAfter and Japanese venture capital firm MUFG Innovation Partners (MUIP) announced plans for a strategic investment to provide global e-commerce and brick-and-mortar retailers with the technology and tools to approve more applications for POS financing from multiple lenders in real-time. ...
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Skrill global money transfers from US
Banking Payments Technology

Skrill launches free international money transfer service in US

Global payments platform Paysafe launched the Skrill Money Transfer service which allows customers to transfer money for free to friends and family in Mexico, India, and 16 other Asian and European countries. First launched in October 2018 in Europe, Skrill Money Transfer was designed to ...
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global payments news
Banking Payments Trends

June 5 Global news roundup:

Happy Friday and welcome to our weekly global payments news roundup. Lots of insight and business intelligence including what consumers are thinking, which retailers have had e-commerce success during the pandemic, new research reports, COVID-19 updates, fintech news, and much more news you can use. ...
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Fitz Sunglasses
Disruptive Technologies E-commerce Retail

How Fitz Frames uses mobile-first to beat e-commerce and COVID-19 challenges

It’s one thing to start a business as an entrepreneur and survive the first year. It’s an even bigger badge of success to have launched your online business as a mobile-only enterprise and then thrive and grow despite the COVID-19 crisis. Meet Fitz Frames, a ...
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branchless banking future
Banking Cybersecurity

The biggest danger to branchless banking?

With a third of the global population on lockdown and scores of bank branches closed, many are convinced that branch banking is dead, and the future is branchless. Is this really true? Branchless alternatives like Revolut, N26, Monzo, and NuBank let customers achieve the same ...
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US e-commerce during pandemic
E-commerce Retail

Who’s thriving with e-commerce sales during the pandemic?

There’s lots of chatter and noise about the importance of e-commerce and how merchants are doing with online sales during the coronavirus crisis. If you needed any proof that e-commerce will be critical for every business going forward, we’ve got highlights of the latest research ...
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global pandemic research McKinsey
E-commerce Retail

McKinsey: Global consumer sentiment – Situation “normal”, whatever that is

McKinsey’s new research report, with insight on shifting consumer sentiment over a five-week timeframe of the global pandemic in 42 countries is an eye-opener. Researchers gauged consumer sentiment between the week of April 2 through the week of May 3 and what they found was ...
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UK fintechs have lessons for US digital banks
Banking Disruptive Technologies Fintech

Fintech in America: Lessons from across the pond

By Giffard Hogge, Product Manager, Somo The UK and the United States share culture, history, and language. But it is only after moving from the UK to live in the US that I have become more acutely aware of the more subtle differences between our ...
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COVID-19 relief payments
Payments Research Payments Trends

Coronavirus stimulus check consumers are paying their bills and clinging to cash

If you were one of the fortunate 150 million or so US citizens to receive a $1200 COVID-19 Relief Check in April, you probably spent it paying bills according to research from payments platform PayNearMe. The company tracked millions of payments made by consumers between ...
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e-commerce is growing in the post-pandemic world
E-commerce Retail

Consumer purchase and fraud trends shift with reopening

Fraud prevention and payments leader Forter is closely monitoring the buying trends of consumers and the incidence of fraud during the pandemic and looking ahead to the future. Forter’s May 2020 report on e-commerce purchase trends provides both hope and strategic intelligence for online merchants ...
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