Commercial rental costs have increased in strategic locations in key markets such as Singapore which has posed serious challenges for traditional banks which are still largely relying on their offline staff and networks of retail branches to compete, despite launching apps and websites with banking product-centred design. Can their digital channels close the gap left by closed branches and removed ATMs?
Euromonitor International attended the Europe edition of the Finovate conference series, held in London in March 2023. The conference attracted over 1,000 attendees from financial institutions, tech firms, platform providers, regulators and investors – all to understand the underlying forces of the financial technology (fintech) industry and connect with key stakeholders.
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.
Euromonitor attended Money 20/20 in Las Vegas, which was held in late October 2022. The conference had a variety of surprises, announcements, and insightful predictions of what is next for fintech, payments and lending.
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.