Category: FinTech
NFT transactions to reach 40 Million globally by 2027
A new study from Juniper Research has found the global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027. This is based on its medium scenario for adoption, with brands leveraging the metaverse to boost digital growth. It cautioned that although NFTs present a new channel for growth,…
How charities are gearing up for the cashless society
Image: Give A Little When was the last time you gave any cash to a charity? Chances are it was probably a very long time ago now. The CAF’s 2021 UK Giving Report concluded that just 7% of donors used cash to give to charities in January 2021. The vast majority…
The Role Of Data Science Analytics In Fintech
Data science analytics is the process of analyzing data to derive meaning and gain insight about something, in this case, fintech. Data science analytics is a set of techniques derived from computer science, statistics and business intelligence that entails using models built on data to derive meaningful insights for different purposes. These are analytical applications…
Biometric mobile payments to reach $1.2 billion by 2027, claims research
A new study from Juniper Research has found that the value of biometrically authenticated remote mobile payments will reach $1.2 trillion globally by 2027, rising from $332 billion in 2022. These transactions use biometrics - typically facial and fingerprint recognition - to authenticate remote mobile payments. This growth of 365% is driven by recent regulatory changes,…
Is Forex Automated Trading Good in 2022?
As a hands-off investment method, forex automated trading utilizes powerful software and instruments. Forex transactions are executed on behalf of investors by a computer program that studies price trends, decides whether to buy or sell, and then executes the trades. Institutional FX traders have used automated trading robots for many years. Ordinary investors can now…
QR code payments to reach $3 Trillion by 2025, claims report
A new study from Juniper Research has predicted that the global spend using QR code payments will reach over $3 trillion by 2025; rising from $2.4 trillion in 2022. This growth of 25% will be driven by the increasing focus on improving the level of financial inclusion in developing regions and providing alternatives to established payment methods…
What Bitcoin Is and How to Buy It: The Ultimate Beginner’s Guide
What is Bitcoin? It is a question that many people have asked over the years. The answer is complicated, and depending on whom you ask, you will get a different answer. But, in general, it is a digital currency that lets you securely buy goods and services online and is changing the way we think…
10 ways to give your personal finances a makeover
Consumer watchdog Which? is advising consumers on how they can save money by giving themselves a ‘money makeover’ and fixing their finances. Many people are feeling financial pressure at the moment as soaring fuel, energy and food prices squeeze household budgets, writes Adam French, Which? Consumer Rights Expert. However, there are steps you can take…
Nearly half of all Brits rely on smartphone to make payments, claims report
Mobile reseller Buymobiles conducted a nationwide survey on the UK’s payment method habits. Findings showed an overwhelming 70% of participants preferred using cashless payment methods over actual cash. 63% of participants also think that using cashless payments is more helpful when it comes to keeping track of spending. Nearly half of respondents would leave their…
Mobile Contactless payments to grow 92% by 2023
A new report from Juniper Research has found that transaction volumes for mobile payments will grow from 26 billion in 2021 to 49 billion in 2023, a growth of 92%. Growth in mobile contactless transaction volumes will significantly exceed contactless card volumes by 2023, as mobile contactless transactions grow twice as fast as the card-based alternative.…