Consumers will open their digital wallets 40% more and spend nearly $790 billion this year across Europe and North America, according to a new report from Juniper Research. The study predicts the largest growth in 2019 will come from instore payments, with mobile contactless payments ...
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Payments Trends
Payments Trends
Another week, another $6.2 billion+ in record Amazon Prime Day sales. That’s our lead story and we’re sticking to it, even though some are saying it might have reached $7 billion. Some back-to-school shopping was done and the NRF estimates $80.7 billion will be spent ...
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Put aside any preconceived ideas or misconceptions about e-commerce in Latin America. E-commerce in the region is growing at 25% to 30% and past barriers to doing business and handling payments are fast disappearing with the growth of e-commerce, mobile adoption, new payments options, and ...
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If you’re a US business, selling products and services with recurring payments in foreign markets can be a challenge. Many foreign consumers and businesses simply don’t prefer to pay with credit cards, in contrast to US payments preferences. In fact, a recent Global Payment Preferences research ...
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Quick. Name a country where 80% of transactions are still paid for in cash. Surprisingly, that would be Japan, second only after Germany as the country that pays more in cash for transactions than any other. With all its advanced technology and financial services know-how, ...
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Happy July 5 to our US readers and welcome to this week’s global payments news roundup. We start with a look at the growing Chinese traveler payments market and CITCON’s EU expansion. Most consumers pick online payments security over convenience, but to the Brits, it’s ...
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Chinese travelers are currently the largest spenders and the fastest-growing traveler segment in Europe. This presents EU businesses with an opportunity for growth by serving this new consumer market if they can figure out how to handle payments seamlessly. To help EU merchants meet this ...
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At Fortune’s Brainstorm Finance conference in Montauk, NY yesterday, Bank of America (BoA) CEO Brian Moynihan said his bank is ready for a cashless society. Moynihan highlighted how his financial institution has embraced fintech and “probably spent $30 billion on code” in the past eight years ...
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Facebook unveiled its plan for a new global digital currency called Libra and a financial system to change how money moves globally. It has the potential to transform how money is used around the world, how payments are made and could provide access to more ...
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No fake tariff deals or fake news here, just the best global payments news from this week for your information. Visa B2B Connect launched a faster cross-border payments network for financial institutions. Amazon Credit Builder reaches out to credit-challenged consumers. A new Ceridian report looks ...
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