A new study from Juniper Research predicts the total value of B2B cross-border payments will reach $35 trillion in 2022 from a COVID-related low of $27 trillion in 2020. This 30% growth will take two years for recovery following the devastating economic impact of the coronavirus ...
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Payments Research
Payments Research
New research from McKinsey shows Canadian consumers avoided cash and bank branches in May over the fear of COVID-19 and turned to contactless payments to fill the gap. The survey found that 42% of Canadians decreased their use of cash compared to only 26% in ...
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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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Credit unions in three Canadian provinces will be looking blue when it comes to modernizing their payments technology and platforms in a new eight-year, $100 million technology services partnership announced between 75 credit unions in Manitoba, Saskatchewan, and Alberta with IBM. The 75 credit unions ...
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When it comes to payments across seven major countries in the Asia-Pacific region, new research from Rapyd tells us two key things. First, there is no single payment scheme that works best in all countries. Second, the use of banking and digital payments is higher ...
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As consumer buying behaviors change quickly during and post-pandemic, the payments world is also going through significant changes. While contactless payments were very slowly gaining traction, particularly in the US, COVID-19 risk factors have forced consumers to change how they pay. In fact, Mastercard reports ...
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A new report by payments company Flywire says 67% of international students are concerned if they can’t use their tuition payment method of choice at UK universities. While the report has a direct impact on the recruitment of international students by universities in the UK, ...
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By: Steve Villegas, VP of Payment Partnerships at PPRO There is a constant debate on whether global economies should continue to offer cash payments or go cashless by converting solely to digital. Critics say this move would disenfranchise unbanked, cash-dependent consumers and does not drive ...
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Kelvin Phua, Global Head of Payment Networks at PPRO, explores the possibilities offered by the cross-border e-commerce market in Japan Japan is the world’s third-biggest economy. Its GDP per capita is just under USD 40,000, according to GDP per capita (current USD) – Japan, World. The World Bank. That’s ...
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US consumers are expected to spend more than $27.4 billion this year on Valentine’s Day, an increase of 32% from last year. That’s enough to make many retailers’ hearts grow fonder for sure. The National Retail Federation (NRF) said US retail sales grew 2.7% in ...
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