Global Digital Banking Market to Reach $30.1B by 2026
Banking Exchange
JULY 19, 2021
Technology and Covid-19 propel push towards cashless society according to new market study Technology Tech Management Feature3 The Economy Feature Digital.
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Banking Exchange
JULY 19, 2021
Technology and Covid-19 propel push towards cashless society according to new market study Technology Tech Management Feature3 The Economy Feature Digital.
PYMNTS
JUNE 17, 2019
The smart technology field continues to be hampered by security issues even as solutions in the space are put to use in many cases. In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a fierce battleground. All this, Today In Data. All this, Today In Data.
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Perficient
FEBRUARY 2, 2023
In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.
PYMNTS
JANUARY 2, 2019
With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. In the January mPOS Tracker , PYMNTS charts the latest developments.
PYMNTS
JUNE 19, 2020
will soon enter West Bengal, India’s multi-billion dollar alcohol sales market, sources told Reuters. India is one of the fastest growing eCommerce markets in the world. It is estimated to reach $200 billion in revenue by 2026, up from just $39 billion three years ago, according to The Motley Fool. Amazon.com Inc.
PYMNTS
OCTOBER 12, 2018
With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. billion: The projected size of the global banking cybersecurity market by 2026. Data: $248.26
PYMNTS
MAY 27, 2020
The global smart cities market is projected to grow to nearly $3.5 trillion by 2026, driven by investment in everything from connected street lighting systems to smart electrical grids. Yes, this is a pandemic, and this was very tragic to many parts of the world, but it should provoke our thinking. A Renewed Focus on Smart Cities.
PYMNTS
JANUARY 6, 2021
Swedish telecom equipment giant Ericsson said at the end of last year that the growth of 5G technology and uptake is accelerating beyond what anyone expected. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5 billion users, for a market share of about 40 percent.
PYMNTS
NOVEMBER 30, 2020
30) that the growth and uptake of 5G cellular technology is happening faster than expected, as device makers and service providers around the world accelerate their efforts to get better connectivity into consumers’ hands. However, by 2026, Ericsson said the 5G subscription number is now expected to exceed 3.5 The Migration.
PYMNTS
SEPTEMBER 8, 2020
Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery. All of this signals the immense popularity of the cloud-based kitchen concept, which data from market research firm Reports and Data said will grow as a global market from $650 million in 2018 to $2.6
PYMNTS
JUNE 1, 2018
Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Square’s gross payment volume could reach $409 billion in 2026, or 4.1 payment volume, RBC Capital Markets analyst Daniel Perlin predicted in a recent note to clients.
PYMNTS
JANUARY 14, 2021
The companies plan to develop solutions that combine Nokia’s 5G operations and networking capabilities with Google Cloud’s AI, ML and analytics technologies. Under the development partnership, Nokia will provide its voice core, cloud packet core, network exposure function, data management, signaling and 5G core technologies.
PYMNTS
JUNE 17, 2019
Smart technology is what makes ordering by voice and remotely monitoring your home possible. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. According to the tracker, the global IoT security market is expected to increase by a 35.5 percent CAGR from 2019 to 2026.
PYMNTS
DECEMBER 14, 2018
financial services sector as consumers embrace digital technology for the banking and retail industry. Adoption of digital payment technologies is poised to grow significantly among U.K. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 billion payments by 2026.
PYMNTS
OCTOBER 7, 2019
The new 5G mobile network technology has started to make its initial foray into healthcare, and at a time when issues of cost, efficiency and accessibility are gaining even more focus than was the case before. Mobile technology and improved data analysis via machine learning and other methods will help fuel those improvements.
PYMNTS
SEPTEMBER 3, 2018
Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An Digital payments, FinTech and eCommerce are expanding slowly, but surely, in Africa.
PYMNTS
SEPTEMBER 25, 2019
Increasingly, as consumers become more comfortable interacting and conversing with virtual bots and digital assistants, these technologies are stepping into corporate finance departments and finance teams, too. Polaris Market Research says intelligent virtual assistant technology is expected to be a $21.5
PYMNTS
JANUARY 9, 2019
That could give the country an edge when it comes to showcasing payment and commerce uses of the mobile network technology — and provide the rest of the world with an example of what might not work so well with 5G-enabled features. shouldn’t be far behind,” said Kevin McMahon, director of emerging technology at SPR , in a recent interview.
PYMNTS
JULY 31, 2020
The ongoing pandemic (COVID) has forced the fashion industry to vamp up the technologies which can make people safer as well as give [customers] an enriching experience. The fashion Industry is seen as one of the most competitive markets where something which is trending today may find itself in the corner the next day.”.
PYMNTS
SEPTEMBER 17, 2019
Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according to a State Council notice from 2014. and around the world.
PYMNTS
NOVEMBER 29, 2017
When it comes to payments and technology innovations, some industries are seeing massive growth, and others are seeing declines. trillion | Amount the Global Business Travel Association (GBTA) estimated global travel and expense management market corporate travel spend was worth in 2015. $70 Here are the numbers: $1.2
The Paypers
AUGUST 13, 2020
Increased internet penetration among consumers and technology growth are the major factors expected to increase the online banking market size during the forecast period, has shown Valuates Reports.
PYMNTS
JUNE 5, 2019
While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. percent between 2017 and 2026. percent between 2017 and 2026. In markets like the U.S.,
Perficient
NOVEMBER 21, 2024
The first compliance deadline of April 1, 2026, impacts the largest organizations. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. The ruling demands action from all non-depository firms (e.g.,
PYMNTS
AUGUST 7, 2019
CEO Evan Spiegel outlined profitability goals for 2019 in a memo last year and as of June 30, the company had more than $335 million in cash and equivalents and $849 million in marketable securities. Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug.
PYMNTS
AUGUST 29, 2019
The share of field-based construction workers alone is projected to grow at a rate of 12 percent from 2016 to 2026, faster than the overall average, according to the BLS. It’s table stakes for anyone operating in an incredibly competitive labor market,” she said. billion by 2026.
PYMNTS
APRIL 30, 2019
The adoption of fleet cards and electronic payment technologies in the fleet industry supports the sector’s push toward digitization and innovation. According to the report, not a single fleet card provider is able to support transactions at EV charging stations across multiple charging networks.
PYMNTS
SEPTEMBER 12, 2019
Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 Cryptocurrency and Blockchain.
PYMNTS
AUGUST 22, 2018
One estimate that debuted this week via Business Intelligence and Strategy Research (aka BIS Research) states that the global automotive blockchain market will reach $1.6 billion by 2026. That represents a compound annual growth rate (CAGR) of 65.8 percent, as measured from 2018. The exact amount was not disclosed.
South State Correspondent
OCTOBER 26, 2023
In addition to the technology hurdles, banks at M2020 fretted about making loan pricing and fees public, as other banks and fintechs will be able to reverse engineer every bank’s pricing and credit model. This will present some customer experience and technological hurdles for many financial institutions.
PYMNTS
AUGUST 28, 2019
According to the tracker, the global IoT security market is expected to increase by a 35.5 percent CAGR from 2019 to 2026. Among them: A GPS tracker, called Pebbell in some markets, was recently revealed to allow real-time location tracking and the ability to listen in on the built-in microphone by sending SMS messages.
PYMNTS
FEBRUARY 20, 2019
Escrow solutions are widely used in the real estate market to hold funds for property-based transactions until both parties are satisfied with the terms and costs. . By some accounts , the streaming video on demand and over-the-top (SVOD/OTT) services market will reach $108.6 Helping offline sales go digital .
PYMNTS
JUNE 8, 2020
There appears to be strong demand for such services, too, with the global open banking market projected to increase in value at a compound annual growth rate (CAGR) of 24.4 percent between 2019 and 2026, hitting $43.2 percent “less likely to be compromised.”.
PYMNTS
MARCH 13, 2019
While some initially waited to see how mPOS offerings would affect the restaurant industry, operators now appear to be hustling to adopt these technologies. Restaurants seem to be taking innovation to heart, particularly as they prepare to face increased competition in an ever-growing market.
PYMNTS
MAY 4, 2018
Not only does it destabilize gig workers’ finances, but it can also sour relationships between them and employers and discourage future participation in the freelance market. StratusCore added a Digital Escrow service to its platform — which was built using blockchain technology — last year. billion by 2026.
PYMNTS
MAY 17, 2017
Football is a twentieth-century technological struggle.”. We think we’ve got a unique opportunity to be a technology trendsetter,” said Wright. “If population live within a minor league baseball market. Our partnership with minor league baseball allows us to be their preferred technology partner,” Legters said.
PYMNTS
OCTOBER 13, 2017
Our research shows that the impact of technology advances on jobs will be felt more profoundly by some groups than others, with education level a key differentiator,” Jon Andrews, head of technology and investments at PwC UK, said in the report, as quoted in Computer Weekly. The tailwind will come in part via ISO 20022 messaging.
PYMNTS
DECEMBER 1, 2017
Moreover, even in its home country, Uber’s dominance has been slipping, with some estimating that rival Lyft will account for as much as a third of the market within the next few years. While Uber has reported losses throughout its run as the world’s most successful and valuable start up, until Q3 those losses had shown signs of decline.
CB Insights
AUGUST 1, 2018
The marijuana space is quickly adopting new technology. Analysts estimate that the cannabis industry will reach $50B by 2026 , and startups are cropping up to attack all angles of the market, from agriculture to cultivation to analytics. 15-MIN FLASH BRIEFING: The Cannabis revolution. Want the full post?
CB Insights
AUGUST 1, 2018
The marijuana space is quickly adopting new technology. Analysts estimate that the cannabis industry will reach $50B by 2026 , and startups are cropping up to attack all angles of the market, from agriculture to cultivation to analytics. 15-MIN FLASH BRIEFING: The Cannabis revolution. Want the full expert post?
CB Insights
MARCH 19, 2019
Move over, 4G — the next generation of wireless technology is here. 5G technology will enable wider network coverage, more stable internet connections, and faster data transfer speeds (from 4G’s 1Gbps to 10Gbps). 5G technology could integrate many unconnected, energy-consuming devices through low-cost connections.
CB Insights
JANUARY 9, 2019
Many see this as a viable business opportunity, developing technology to help cities efficiently provide proper foundation, energy, transportation, resources, jobs, and services to their residents. Get a data-driven look at the startups and industry players developing smart city technologies. get the 48-page smart cities report.
CB Insights
JANUARY 3, 2019
This works out to a $360B to $468B market in 2025, before accounting for growth in payments (rates have increased more than 3% in each of the last two years). United has accounted for half of market growth in the last three years. United has accounted for half of market growth in the last three years.
FICO
DECEMBER 20, 2022
Since we are in the early stages for many new payment technologies, the steps FIs take in 2023 will shape how these new payment markets unfold. real-time payments market alone hit about 2 billion transactions this year, but should grow to 9 billion transactions in 2026, worth more than $10.5 And PYMNTS.com says the U.S.
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