Category: FinTech
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.…
How is technology changing the way we manage our finances?
The financial industry is undergoing a major transformation. New and innovative services are readily providing people the power to manage their money, save more, or get out of debt without going through complicated processes. All of us get stressed about managing our money at one time or another. Whether you're trying to track your spending,…
Over half of world’s population to access digital banking by 2026
A new Juniper Research study has found that 53% of the world’s population will access digital banking services in 2026; reaching over 4.2 billion digital banking users, up from 2.5 billion in 2021. The research identified increased digital transformation efforts as enabling banks to function effectively during the pandemic; justifying the benefits of digital banking…
Mobile wallet payments to account for 1 in 3 transactions by 2024
The global shift towards a cashless society has created a huge space for mobile wallets as a safer and more convenient way of managing money. According to data presented by TradingPlatforms.com, digital or mobile wallet payments were the most used point of sale payment method globally, with a 21.5% market share in 2020. By 2024, mobile…
Contactless payments to double, hit $1.6 trillion by 2024
The COVID-19 has given contactless payments technology the boost it needed for widespread global adoption, as consumers worldwide started avoiding cash in fear of spreading the virus. According to data presented by BuyShares.co.uk, contactless payments are expected to continue rising worldwide and hit a $665bn transaction value in 2021. The impressive growth is set to continue…
PayPal’s Plan To Create The World’s Next Super App
Globally-renowned online payment services platform PayPal is looking to capitalise on a fantastic year in 2020 by creating what they hope will become the banking world’s next “super app”. It’s no secret that PayPal had a breakthrough year over the past 12 months. Due to people working predominantly from home and spending a significant amount…
Digital Payments in Europe to surge 30% this year
The surge in the use of mobile phones and the rise of the eCommerce market, especially amid the coronavirus pandemic, has led to the rapid adoption of digital payments worldwide. European countries are no exception, with millions of people choosing cashless payments over cash and credit cards. According to data presented by Finaria.it, Europe is set…
Which? exposes online banking safety issues
A new Which? investigation has uncovered worrying gaps in online banking security systems that could help criminals to scam customers. Which? conducted an investigation with independent security experts 6point6, scrutinising the online banking safety measures in place across the largest current account providers. The consumer watchdog's investigation found that some of the biggest banks, such…
