According to a recent Juniper Research analysis, worldwide spend on QR code payments would exceed $3 trillion by 2025, up from $2.4 trillion in 2022. This 25% increase will be driven by a greater emphasis…
FedNow has gone live successfully on July 20, 2023, with around 30 early adopters, settlement agents and certified service providers. A majority of businesses (83%) and consumers (75%) are already using faster payments, and…
Real-time payments (rtp) have long captivated financial sector insiders, but they are increasingly capturing the attention of a wider audience in today’s expanding digital economy. Payments in real time are not a new concept. In…
In the fast-paced and competitive world of retail, staying ahead of the curve is essential. One way to achieve this is through the use of Robotic Process Automation (RPA) to automate repetitive tasks and improve…
Today’s customers want more from their banks in terms of service and capabilities, and Fintechs are more than eager to provide those expectations. To stay up with the banking sector’s rapid innovation, deliver on these…
The usage of cash has declined because of changes in purchasing patterns exacerbated by the pandemic, and contactless payment solutions have become more popular. Last year, Visa’s global networks handled an estimated $13 trillion in…
A touch of technology in every breath of life is something the current generation is dependent on. There was a time when technology was present with limitations and conditions. A time when technology was an…
Information Technology is playing a key role in digitizing everything today. Talking about IT, Cloud is easily the most essential asset. As financial services are evolving every day, expectations of availing and making use of…
In this technologically advanced world, the methods used for making payments has become so exceptional that instant payments has become completely effortless. Right from small scale vendors to shopping malls, everywhere we see QR codes…
The banking industry is moving to a phase where most bank would have realised that there is some peculiar change that needs to be brought in, to make an impact in this world governed by…
Traditional banks are losing their hegemony to a new generation of digital-only banks with no physical presence. These digital apps are changing the way customers think about banking. Although Neobanks have existed since the early…
Modern banking customers expect to open a new bank account or savings account remotely utilizing their laptop or mobile device. According to special research published by BAI, three-quarters of millennials say they would switch banks…
