The open banking industry in the US had a slow start to life, but is shaping up for an exciting 2024. With the first glimpses of regulator support and increasing demand from merchants, Pay by Bank is set to become a serious alternative to mainstream payment methods in the minds of US consumers.
Payments are increasingly at the center of the rapidly expanding vertical SaaS market.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
The 2024 Payments Innovation Jury Report does a deep dive into the changes happening in the payments space by interviewing 136 experts from around the world.
With Orum's new Deliver API small banks and fintechs will now have direct access to the Fed's payments rails.
J.D. Power's 2024 U.S. Merchant Services Satisfaction Study finds 54 per cent of small businesses accept BNPL and that those operations score the relatively new way to pay highest among payment methods, with a 744 score on a 1,000-point scale.
While there has been a focus on junk fees recently that hasn't extended much to remittances. For people sending money overseas there is no transparency and the cost is still too high.
One of the most popular payment methods in Brazil, Pix is now set to take over online commerce too, a study by fintech EBANX shows.
There is a treasure trove of data within a payments flow. By understanding payments analytics fintechs and banks can transform the user experience.
Mexican fintech Kueski announced a partnership with Amazon to offer BNPL on its marketplace, a first for the retail giant in Mexico.