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.
The Payments Summit is the premier industry event covering all things payments, including FinTech, payment technology, mobile payments, NFC, contactless, transit payments, mobility as a service and more.
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...
The pandemic has made more consumers adopt cash alternatives, reducing the overall unbanked population around the world. M-commerce is becoming more common as smartphone adoption spreads. Proximity mobile payments have increased to reduce contact at the POS. Consumer spending rebounded in 2021 following the global decline of 2020 and is projected to maintain consistent growth going forward.
The Coronavirus (COVID-19) pandemic has led to greater use of digital wallets, as consumers continue to shift away from cash for both online and in-store payments. With gaps in financial services, increased user functions on digital wallets are challenging banks to build their digital capabilities or partner with digital wallets to remain relevant. In addition to more partnerships with merchants and operators, trust in the security of digital wallets will remain an influential feature driving use in the future.
A numerosa e jovem população na América Latina tem acelerado a adoção e o uso de smartphones. No entanto, este uso continua limitado a mensagens e chamadas telefônicas, em vez de serviços bancários e pagamentos pela internet. Balxe este white…
The large, young population in Latin America has accelerated the adoption and use of smartphones. However, phone use continues to be limited to messaging and phone calls rather than internet banking and making payments. Download this white paper to understand…