Karen Peters’ Post

#ECommerce Revolution: Harnessing Embedded #Banking for Seamless Transactions The growth of the embedded banking market is fueled by the rise of Banking as a Service (#BaaS), enabling non-banking entities like #fintech firms and e-commerce platforms to seamlessly integrate #bankingservices. Additionally, increased digitalization in the #bankingsector has heightened demand for embedded banking solutions, facilitating convenient and efficient financial transactions within diverse products and industries. Key Market Players: Moshpit, Fiserv, Payrix, Finastra, Zopa Bank , Cybrid , EdgeVerve, Stripe., PayPal , Lendflow Want To Know More: https://lnkd.in/drBNBp2J #AMR #BaaS #EmbeddedBanking #FintechIntegration #DigitalTransformation #EcommerceFinance #InnovationInBanking #B2BFinance #TechInFinance #BankingEvolution #DigitalEconomy

Digital wallets are poised to revolutionize in-store payments, overtaking debit cards by 2027. Our latest #GlobalPaymentsReport delves into this transformative trend, highlighting the rapid shift towards digital payment solutions globally. Want to dive deeper into the future of finance? Dive into this article by Payments Dive to understand the driving forces behind this transformation: http://spr.ly/6040Zesmr #DigitalWallets #PaymentTrends

Datos Insights' latest issue of the Banking & Payments Bulletin dives deep into the evolving world of financial technology and consumer behavior. Check out the August issue 👉 https://lnkd.in/e4-mhDRC 💡 Highlights: • E-commerce: Challenges and opportunities for card networks • Millennial-driven SMB growth and its impact on financial institution investments • The gap between contactless ATMs and the rise of contactless cards and payments • Spotlight on Portugal: A comprehensive profile of ATM and cards intelligence #Banking #Payments #ECommerce #DigitalTransformation

The penetration of digital payments in online spending is fueling an uptick in the adoption of digital payments in offline spending 90% prefer digital payments when making online purchases As consumers’ reliance on digital payment methods for online transactions increase, their awareness and adoption of such methods extend to offline purchases, with ~50% of respondents indicating a preference for digital payments in offline settings Although UPI leads the way in digital payments, about 30% of overall respondents prefer to use digital wallets and cards (credit, debit, or prepaid cards) for their online purchases, and around 20% prefer using them for offline purchases Know more about the same below Shrikant Sushree Manthan Gudekar Sarika Shinde ANIL GUNDAM Sagar TransBnk - Transaction Banking Platform Blostem Lavin Pulak Sachin Picxele™ #AuroFintech #AccountValidation #DigitalPayments

Digital wallets are poised to revolutionize in-store payments, overtaking debit cards by 2027. Our latest #GlobalPaymentsReport delves into this transformative trend, highlighting the rapid shift towards digital payment solutions globally. Want to dive deeper into the future of finance? Dive into this article by Payments Dive to understand the driving forces behind this transformation: http://spr.ly/6043Zl8hv #DigitalWallets #PaymentTrends

This rapid expansion is driven by the increasing adoption of mobile wallets, e-commerce platforms, and the rise of contactless payments. As consumers demand faster, more convenient payment options, financial institutions are prioritizing innovation and security to stay competitive. This shift is not just a trend—it's reshaping the future of banking and payments. #DidYouKnow #digitalpayments #fintech #banking #innovation

Payments tech a focus for 61% of merchants AMSTERDAM — Consumers are more likely to interact with a business with a frictionless payment experience in place.   Sixty-one percent of merchants say payments is a high area of focus, according to Discover Global Network’s “Payment State of the Union” report, released June 3. The report, which surveyed 5,030 consumers and 2,258 merchants globally, […] https://lnkd.in/gCuw85EC via Bank Automation News https://lnkd.in/dwP6ziAm June 7, 2024 at 10:22AM

❗ 46% of consumers say they're "ready for Open Banking" in the US, where the technology is not even sufficiently regulated at state/fed level.❗ 🤯 Now imagine its adoption in Europe - a regulatory hub and 'the birthplace of Open Banking'. No wonder 'Pay By Bank' is now one of the top 3 payment methods in the UK, Netherlands, Finland, Spain and Germany.🤯 The statistics truly speak for themselves! 😃 #openbanking #ecommerce #payments #truelayer

Instant Payments: Driving the Second Revolution in Digital Finance The shift to instant payments is not just an upgrade but a complete transformation in how we think about digital finance. Here are 5 key takeaways from the 2024 Instant Payments Report: 1. Market Growth: Instant payments are projected to grow tenfold by 2030, with an increasing number of countries adopting cross-border instant payment systems. 2. Regulatory Push: Europe’s SCT-Inst regulation and the adoption of ISO 20022 are setting new global standards for secure, frictionless payments. 3. Impact on Banks: Banks must overhaul their infrastructure to handle higher transaction volumes, real-time fraud detection, and faster compliance processes. 4. Business Opportunities: Instant payments offer new product opportunities like Request to Pay (R2P) and Confirmation of Payee (CoP), opening doors for service innovation. 5. Customer Expectations: Speed and convenience are becoming the norm, with over 70% of consumers expecting immediate payment processing. Impact on Key Stakeholders: • Banks: They must evolve quickly or risk losing market share to neobanks and fintechs. • Businesses: Instant payments enhance liquidity management, reduce transaction fees, and enable faster cross-border transactions. • Customers: A frictionless, secure, and convenient payment experience will drive higher satisfaction and trust. What are your thoughts on how instant payments will reshape financial services? Share your views in the comments below! 💬 #InstantPayments #DigitalTransformation #Fintech #BankingRevolution #ISO20022 #FutureOfPayments #CrossBorderPayments #BusinessGrowth

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