Online-Marketplaces are booming. This article covers essential information on developments in the Payments industry, that are relevant for every Marketplace in 2020.Read more
A strong technology sector, a resilient financial system, the quality pool of talent, and low business costs put the Toronto Region on the global FinTech map. Not only does the Toronto Region boast being home to the headquarters of major Canadian banks, but it also lays claim to three of the top 60 global pension funds and seven of the largest global hedge fund administrators.
Biometric Authenticated payments are gaining popularity rapidly in countries which are on the forefront of digital payment developments. With global transaction values estimated at $254 million in 2024, it begs the question not if, but when Biometric payments will be the new industry and consumer standard.
On June 15, 2020, I had the opportunity to sit with Laurence Cooke, founder and CEO of nanopay Corporation and Chair for PayTechs of Canada to gain his perspective about the importance of the national payments system, its evolution and contribution to the Canadian economy.
Every second of queuing is a lost revenue opportunity, of millions $ for the global retail industry only, while banking industry is shifting into a growing presence of both alternative “digital banks” and personalised financial products from tech companies.
It’s something of an understatement to say that 2020 has been a challenge for many sectors, with businesses and consumers discovering new ways of living, working, socializing and operating. As part of the new normal of physical distancing, and in just a few months, COVID-19 has changed the world as profoundly as any war or environmental disaster.
I often get the question from merchants and payment service providers why we don’t charge any cost to the merchants to accept CreditClick transactions. You should re-think the question and ask the opposite: Why are you still paying to accept transactions at all?
As new digitalized use cases seem to just “happen” in our daily lives, with the so-called Big Techs driving many of these initiatives, what if the act of payment also would disappear completely? Jukka Yliuntinen, VP at Giesecke+Devrient (G+D), gives his views on frictionless payments.
AI has already turned into a hot topic among BigTechs and predictions indicate that in 2020, companies within the financial sector will invest $11 billion in AI, in a market that is valued at $191 billion. Making the financial industry leaders in AI expenditure out of all other industries.
Digital transformation has enabled FinTech innovations to accelerate globally, with not only new players setting the scene for new ways to do banking but also a constant development of new solutions and services.
In November, PaymentGenes hosted the last FinTech Expert Session of 2019, partnering up with subscription-based meal-kit company HelloFresh. We spoke with the guest speaker of the event, HelloFresh’s Elaine Nguyen, Senior Payments Manager, about HelloFresh and its payments team.
The way people pay is changing rapidly, thanks to technological innovation and digitalization. Society is becoming increasingly cashless as more consumers choose to rely on cards, as well as alternative payment methods.
Every day, Sodexo serves 440,000 clients and 36 million consumers, relying on a strong network of 1.3 million affiliated merchants. Payments being a key enabler of their products, they have set up a dedicated team to ensure that we rely on the right capabilities.