Euromonitor projects total card payment value will increase by USD18 trillion over the next five years with the growth nearly evenly split between credit and debit cards. Cash reached the lowest rate in 2022 as a portion of consumer payment value at 22% as consumers turn to electronic and card alternatives.
Recent years have been a whirlwind for the fintech-enabled finance space. Online payments exploded at the height of the COVID-19 pandemic, meme stocks wreaked havoc on some financial markets, and QR codes made a somewhat triumphant return to North America.
Digital innovation opened the door for fintech to provide easier access to low-cost credit. This latest era of buy now, pay later (BNPL) gave consumers newfound purchasing power. Stream our webinar to hear Euromonitor experts answer fundamental questions about the multibillion dollar BNPL landscape.
Digitally minded consumers are forcing financial institutions to rethink the way they do business. These consumers want to bank when and how it suits them. Financial institutions must innovate quickly to keep up with consumer demands and to respond to challenges from non-traditional competitors.
MPC brings together fintech, mobile payments and digital technology leaders for 3 days of immersive learning and networking. The annual event is sponsored by Mobile Marketing and Technology Magazine and generous sponsors and partners.
Finovate is a conference series presenting the innovators and ideas at the forefront of banking and financial technology. Its Europe 2022 edition showcased the rapid development of fintech-driven payment innovations since the outbreak of COVID-19. Following the pandemic-induced digital push in the region, these emerging payment and banking methods have shown rising potential, as consumers and merchants increasingly embrace financial technology, focusing especially on Buy Now Pay Later, mobile banks and digital currency.
One of the key developments of the payment landscape has been the skyrocketing boom in demand for the modern day credit offer: buy now pay later (BNLP). Although the business model already existed pre-pandemic, the uncertain economic environment and easy accessibility significantly contributed to its success in the past year...