Payments 2022: Why Payments Is Make-Or-Break For Digital Platforms

PYMNTS

This is a key takeaway from Payments 2022 , a PYMNTS study in collaboration of Stripe , based on an extensive survey of 250 payment heads representing various sizes and types of business-to-business (B2B) and business-to-consumer (B2C) digital platforms: B2C service marketplaces, B2B Software-as-a-Service (SaaS) firms, B2C merchant marketplaces, B2C retailers and B2B platforms/utilities. The last decade has seen the emergence of a new generation of fast-growing, multinational businesses.

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Brazil Could Lead The Way On Central Bank Digital Currencies With 2022 Rollout

PYMNTS

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. We think we will have it in 2022.”.

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Latest Research: Vaccines May Cure ‘Pandenomic’ Slump And Fill Stores Again — By 2022

PYMNTS

Mark The Date: January 12, 2022 . 12, 2022,” per the study. The latest installment in PYMNTS' ‘Pandenomics’ study series is Mapping Digital-First Consumers' Return to the Physical World , the "Why Digital-First Behaviors Are Here to Stay" edition.

Grab-Singtel Ramps Up Hiring For Singapore Bank; Plans 2022 Launch

PYMNTS

will hire 200 people before launching publicly in early 2022, Bloomberg reported. A new Singaporean digital bank formed in a joint venture between Grab Holdings Inc. and Singapore Telecommunications Ltd.

Global Card Payments to Reach Nearly 500B by 2022

Bank Innovation

The total number of card payments across the globe will reach 483 billion by 2022, more than double the rate that card numbers will grow, a study by London-based research firm RBR found. Card payments will more than double by that time with a growth of 56%, according to the study, which was released yesterday. […]. DataBank Online Payments card payments contactless payments global card payments RBR

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Traditional FIs See Fintechs as ‘Significant Threat’ by 2022, Study Says

Bank Innovation

Nearly 80% of traditional financial institutions feel little or no threat from fintechs today, but 65% believe fintechs will be a “significant threat” by 2022, according to a new study by Harvard Business Review. The survey of 300 executives from traditional FIs also found that 20% said their organizations don’t compete with fintechs “at all” […]. Artificial Intelligence DataBank Exclusive Experience & Design?

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Warehouse Robotics To Hit $4.44B By 2022

PYMNTS

percent between 2017 and 2022. At this rate, by 2022 the warehouse robotics market will have grown to a value of some $4.44 The study anticipates that the warehouse robotics market in Asia-Pacific will grow tremendously between 2017 and 2022 due to major growth online retail shopping, growth in robot tech startups in India and China, and high attrition rate of warehouse workers.

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Chatbot Tracker: Saving $8B Annually by 2022

PYMNTS

According to a recent study by research firm Juniper Research , chatbots are going to cut more than $8B per year by 2022. Over the past decade, we’ve seen mobile apps rise to be the go-to item businesses add to their competitive repertoire. With Apple’s App Store and Android’s Play Store becoming major players with developers and businesses looking to expand offerings and make a few extra dollars, mobile apps have appeared to become unstoppable forces.

India’s eCommerce Market Expected to Hit $150B By 2022

PYMNTS

A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. The report by software industry lobby group Nasscom and consulting firm PwC India — called “Propelling India Towards Global Leadership in eCommerce” — says that India’s eCommerce industry is expected to contribute 4 percent of GDP by 2022.

Amazon Deliveries To Surpass UPS, FedEx Volumes By 2022

PYMNTS

We see more of this going forward as our new bottom-up US package model assumes Amazon Logistics US packages grow at a 68 percent [compound annual growth rate from 2018 to 2022],” Morgan Stanley said. Morgan Stanley has released a report stating that Amazon is already delivering in the neighborhood of half of all its own packages, and that it will soon surpass FedEx and United Parcel Service (UPS) in terms of volume, according to a report by CNBC.

OYO May Not See Profits In China, India Until 2022

PYMNTS

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022, Reuters reported on Monday (Nov. million in 2022. The losses were six times higher in 2019 through March compared to 2018, but its revenue more than quadrupled for the same time period. Losses were partially blamed on the company’s rapid expansion , but it was that growth into China, the U.S., the U.K.

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Today In Payments: eBay Nearing Sale Of Classified Ad Division; Lollapalooza Co-Founder: No Concerts Until 2022

PYMNTS

In today’s top news, eBay is near a sale of its classified ad division to Adevinta, and Lollapalooza’s co-founder said live concerts won’t be back until 2022. Lollapalooza Co-Founder Predicts No Concerts Until 2022. fans may have to wait until 2022 to see a concert because of COVID-19.

US Online Retail Sales To Surpass $700B By 2022

PYMNTS

By 2022 online retail sales will go beyond $712 billion. A recent study says that U.S. eCommerce will exceed $506 billion this year. According to news from Retail Dive , the study, released this week by Forrester Research, shows that 98 percent of American adults already go online at least once a day. Many shoppers are choosing eCommerce because the information they find online is often more helpful than what’s available in the store.

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Car Subscription Market Set To Grow 71 Percent By 2022

PYMNTS

The anticipated compound annual growth rate (CAGR) of the global automotive subscription services market through 2022 is 71 percent. Luxury automakers are upending their traditional business models with a new take on an old idea – a car subscription. BMW, for example, launched a pilot dubbed Access by BMW in Tennessee. This type of service is one way automakers can attract younger customers.

Report: Virtual Card Use To Exceed $1T By 2022 Despite Limited Appeal

PYMNTS

Business use of the cards is expected to grow by 90 percent through the next few years, and usage will pass $1 trillion by the year 2022. percent from 2019 to 2022. Although healthcare is expected to be the highest-value sector, with some $277 billion in transactions by the year 2022, adoption will still be low. Virtual cards will generate more than $14 billion in revenue for card providers by 2022, mostly from remote purchases.

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Apple AR Headset Planned For 2022; Smart Glasses Held Up Until 2023

PYMNTS

Apple is said to be planning a launch of augmented reality (AR) headsets in 2022, and a year later, introduce smart glasses with the same technology, The Information reported on Monday (Nov. An employee meeting last month led by Apple Vice President Mike Rockwell revealed product details and a timeline for releases, sources told the news outlet. Rockwell heads the team working on Apple’s AR initiatives. .

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Retail 2022: Digital Taps Pent-Up Consumer Demand

PYMNTS

Their 2022 business plans reflect the reality that the decline in physical store shopping, already well underway pre-pandemic, was accelerated in the face of COVID. It’s one year from today: Nov. 9, 2021.

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Cubic Wins NYC MTA MetroCard Contract Through 2022

PYMNTS

CTS will continue to provide software programming and maintenance support for the MetroCard Automated Fare Collection (AFC) system until it is decommissioned in 2022. Cubic Transportation Systems (CTS), a business unit of Cubic , announced the extension of its contract with the Metropolitan Transportation Authority (MTA) New York City Transit (NYCT) worth $40.3 million.

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Harvard research points out that physical distancing could be around until 2022 – 2024

The Bankwatch

To avoid this, prolonged or intermittent social distancing may be necessary into 2022. Harvard research points out that physical distancing will be around for a lot longer even based on an antidote. It is urgent to understand the future of severe acute respiratory syndrome–coronavirus 2 (SARS-CoV-2) transmission. We used estimates of seasonality, immunity, and cross-immunity for betacoronaviruses OC43 and HKU1 from time series data from the USA to inform a model of SARS-CoV-2 transmission.

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Margin pressure could dog banks into 2022

American Banker

With rates so low — after steep emergency Federal Reserve cuts in response to the pandemic’s fallout — banks will struggle to generate bread-and-butter interest income and asset-sensitive lenders will face substantial net interest margin contraction this year and next, analysts say. Consumer lending Net interest margin Federal Reserve Non-interest income Coronavirus Commercial lending Interest rate risk

Digital To Take Over Supply Chain Operations by 2022

PYMNTS

It can be argued that one of the oldest industries around, supply chains, is stodgy and a bit stuck in the past when it comes to innovation. However, the supply chain industry is actually currently undergoing a digital revolution. According to MHI ‘s 2017 MHI Annual Industry Report , Next-Generation Supply Chains: Digital, On-Demand and Always-On , 80 percent surveyed think digital supply chains will overtake the traditional model within the next five years.

U.K. forecast to be world-class blockchain player by 2022

Payments Source

The research, carried out in coordination with the all-party U.K. parliamentary group on blockchain, profiles companies, think tanks, innovation hubs and individual players in the U.K. Blockchain Cryptocurrencies U.K.

Truist defers more cost cuts to 2022

American Banker

The company has revised its near-term forecasts for reducing expenses, citing delayed branch closings and a decision to spend more time testing systems ahead of conversion and integration. M&A Revenue and expenses Integrations Branch network Truist Financial BB&T SunTrust

IoT Insurance Market Set To Grow At CAGR Of More Than 65 Percent By 2022

PYMNTS

percent by 2022, reaching a market size of $42.76 The global Internet of Things insurance market is expected to grow at a CAGR of 65.89 billion. That’s according to a new report from Research and Markets, which said the IoT insurance market is being driven by the adoption of IoT products in developed and developing economies and growing demand for cloud platforms and other services in the insurance industry.

Global Augmented, Virtual Reality Market To Reach More Than $66B By 2022

PYMNTS

billion by 2022. percent from now until 2022. Analysts are predicting that the global augmented and virtual reality market will reach an estimated $66.68 According to a press release , the market accounted for $2.67 billion in revenue in 2015 and is estimated to have compound annual growth rate of 58.3

How False-Positives Complicate The B2B Payments Fraud Fight

PYMNTS

According to the latest Payments 2022 Playbook: Building A High-Performing Payments Team For Fraud Detection , a PYMNTS study in collaboration with Stripe, digital platforms continue to express discontent with their current fraud strategies, and false positives are compromising their brands, customer relationships, and bottom lines. Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts.

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B2B cross-border payments to grow by 30 percent to USD 35 tln by 2022, study

The Paypers

A new study from Juniper Research has found that the total value of B2B cross-border payments will reach USD 35 trillion in 2022 from a COVID-related low of USD 27 trillion in 2020, representing 30% growth

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How To Build A High Performing Platform Payments Fraud Team

PYMNTS

Just how great of a challenge this represents for digital platforms is starkly revealed in the new Payments 2022 Playbook: Building A High-Performing Payments Team For Fraud Detection , a PYMNTS study in collaboration with Stripe , for which 250 heads of payments representing various sizes and types of digital platforms were surveyed. In recent years, no type of business has expanded globally at the pace and scale of digital platforms.

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ECB believes bank profits won't recover before 2022

The Paypers

ECB has released its latest stability review, predicting that Europe-based banks will not see profits return to pre-pandemic levels before 2022, according to CNBC

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Report: ATM expected to rule self-serve tech market through 2022

ATM Marketplace

billion by 2022 A new study forecasts that the global self-service technology market will maintain a CAGR of 15.6 percent over the next several years, reaching $42.3

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Satisfaction With Anti-Fraud Systems Linked To Platform Strategy

PYMNTS

The Payments 2022 Playbook : Building A High-Performing Payments Team For Fraud Detection examines the growth strategies of digital platforms over the next three years, how payments teams are facing the challenges of fraud detection and how satisfied they are with their current systems. Platform Payments digital platforms Editors' Picks fraud detection News Payments 2022 Playbook platform paymentsPayments are the backbone of many digital platforms.

Challenger B2B payment providers to grow transactions by 42 percent by 2022

The Paypers

A new study from Juniper Research has found that the volume of B2B payments facilitated by non-banks will exceed 53 billion in 2022, from a COVID-related low of 38 billion in 2020; representing 42% growth

Study 12

Online card transactions to reach 70 bln in 2022 – report

The Paypers

(The Paypers) The number of online card transactions worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to a new report

Nigerians to pay for e-ID card starting from 2022

The Paypers

(The Paypers) The National Identity Management Commission (NIMC) has officially announced that the payment for the national identity card would begin in 2022

Commercial virtual card payments to exceed USD 1 trillion by 2022

The Paypers

(The Paypers) A new research from Juniper Research has found that the annual value of virtual cards will grow 90% from 2019 to 2022, exceeding USD 1 trillion by 2022

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