UK Payments Outlook 2024

Celent Banking

For example, payments will hit 44 billion transactions a year by 2024. Our friends at PaymentsUK have released their latest forecasts , the ever excellent UK Payments Market 2015.

US commercial card spend expected to exceed $1 trillion by 2024

Accenture

US commercial card spend grew an estimated 13 percent in 2019 and strong growth is expected to continue through 2024. The post US commercial card spend expected to exceed $1 trillion by 2024 appeared first on Accenture Banking Blog.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fintech Revenue to More than Double by 2024

Bank Innovation

The digital technology research and consulting firm predicted fintech revenue to increase from $263 billion this year to $638 billion in 2024. A new study from Juniper Research expects fintech revenue will grow 59 percent over the next five years.

Study 157

Fed plans to launch real-time payment service by 2024

Payments Source

As part of its justification for developing its own government-backed system, the central bank said that leaving only a single fast network run by big banks constitutes a potential risk to the economy. Faster payments Federal Reserve

Amazon To Hit $2.5 Trillion In Market Cap By 2024

PYMNTS

trillion in market cap by 2024. The analyst believes AWS will have operating margins of 35 percent in 2024, up from 26.9 Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 According to a report in CNBC , citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web Services (AWS), the company could see its value explode.

Apple 109

The Global IoT Market Is Expected To Grow To $6.5 Trillion By 2024

PYMNTS

Here’s how: The global IoT market is expected to have a compound annual growth rate (CAGR) of nearly 27 percent from 2018 to 2024. trillion in 2024. Internet of Things (IoT) technology isn’t just for a smart fridge or a smart speaker in the home: It also has applications for retailers. Swift Sensors , for example, developed a sensor network that monitors variables such as temperature and humidity for restaurant settings.

E-wallet transactions to reach USD 9 tln by 2024

The Paypers

(The Paypers) According to the latest worldwide market study by Juniper Research , e-wallet transactions are expected to reach USD 9 trillion by 2024

Study 21

Will Your Credit Union be Providing Real Time Payments by 2024?

New York's State of Mind

It’s Possible, just Possible, that yesterday marks a key development in how people send and receive payments. If I am correct then this is a change that will help all consumers and all businesses, as well as all credit unions and community banks that will be able to compete with the banking behemoths in the […]. General Regulatory technology American Banker credits debits Federal Reserve FedNow Instant

Mobile money transfers to exceed 200 bln transactions in 2024

The Paypers

(The Paypers) The volume of domestic money transfers via mobile will exceed 203 billion in 2024, up from 130 billion in 2019, according to new data from Juniper Research

Data 17

International digital remittances to reach USD 525 bln by 2024

The Paypers

(The Paypers) According to Juniper Research , international digital remittances will reach USD 525 billion by 2024, up from an estimated USD 332 in 2019

15

Online retail sales to exceed USD 6 tln in physical, digital goods by 2024

The Paypers

(The Paypers) Research from Juniper Research has found that the total transaction value of remote payments for digital and physical goods will exceed USD 6 trillion by 2024

APAC mobile wallets market to cross USD 40 bln by 2024, report shows

The Paypers

(The Paypers) Global APAC mobile wallets market is set to grow to over USD 40 billion by 2024, a new research report by Global Market Insights shows

Half the world's population to use digital wallets by 2024

The Paypers

billion in 2019 to 4 billion, 50% of the world’s population, by 2024, according to Juniper Research (The Paypers) The number of people using digital wallets will increase from 2.3

12

Facial recognition hardware may secure the future of mobile commerce

Mobile Payments Today

The use of facial recognition hardware in mobile devices is expected to surge in the next few years, reaching more than 800 million devices by 2024.

Mobile wallet market to surpass USD 250 bln by 2024

The Paypers

(The Paypers) According to a Global Market Insights report, the mobile wallet market is expected to grow from over USD 100 billion in 2017 to USD 250 billion by 2024

Thailand ecommerce hits 15 per cent of sales by 2024

The Paypers

(The Paypers) Thailand's online market will account for 15% of retail sales in the country by 2024 after registering 3.8% in 2015

Mobile payments tapping facial recognition hardware

ATM Marketplace

The use of facial recognition hardware in mobile devices is expected to surge in the next few years, reaching more than 800 million devices by 2024.

E-invoicing market to register steady growth until 2024 - study

The Paypers

(The Paypers) US-based company Market Insights Reports has published on Friday, May 18th 2018, an assessment of E-invoicing Software market

Data Protection as a Service market to reach USD 46.40 bln by 2024

The Paypers

billion by 2024 (The Paypers) A market report published by Transparency Market Research has revealed the global Data Protection as a Service (DPaaS) Market is expected to reach USD 46.40

Why the Fed is taking an incremental approach to faster payments

American Banker

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.

The US Federal Reserve to launch real-time payment service by 2024

The Paypers

(The Paypers) The US Federal Reserve has announced it will build and operate a real-time payments system

Why the Fed is taking an incremental approach to faster payments

Payments Source

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.

Earlier launch of FedNow possible if foundation is set

Payments Source

The FedNow real-time payments settlement network through the Federal Reserve could launch prior to its estimated 2024 time frame, but a lot of pieces have to fall into place to make that happen.

Robotic Process Automation Market Will Have $8.75 Billion Global Market Potential by 2024 (Infographic)

Let's Talk Payments

Let’s Talk Payments (LTP) is a proud partner of this year’s Money20/20. Combining the best of LTP and Money20/20, we wanted to highlight the technologies changing the FinTech ecosystem. Fintech Infographic Insights Payments Asia Europe insights Robotic Process Automation US

The Complicated Role Of Speed In Payments And Commerce

PYMNTS

percent: Projected CAGR of the global self-service kiosk market through 2024. percent: Projected CAGR of the global customer self-service software market through 2024.

The public option for real-time payments is taking too long

Payments Source

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.

Protecting eCommerce Merchants From Fraud

PYMNTS

62.3B: Expected size of the global payment processing solutions market by 2024. Merchants have to participate in eCommerce if they want to maintain relevancy in today’s economy, but their engagement in online transactions also exposes them to new forms of fraud.

Fraud 163

How Digital Tech And Payments Are Making The World Better

PYMNTS

2024: Expected arrival of Federal Reserve’s real-time payments system. Mastercard is doing its part to make instant payments available to more workers, and IKEA is working to bring the gig economy closer to home.

Consumers’ Growing Appetite For Order To Eat

PYMNTS

Data: 10%: Share of Wendy’s total top line projected to originate from digital orders by 2024. The convenience of mobile order delivery has spurred top-line growth for quick-service restaurants.

US 176

Worldwide ATM Installations Declined In 2018

PYMNTS

In RBR’s new Global ATM Market and Forecasts to 2024 report, it found the number of ATMs declined in four of the five largest markets last year. By 2024, RBR predicts there will be 3.22

ATM 246

Recurring Payments, Boosting Customer Loyalty – And Merchants’ Top Lines

PYMNTS

Data: $687.2B: Estimated value of the global streaming video market by 2024. Subscription commerce , and the recurring payments tied to it, has advantages for consumers and merchants alike.

Video 164

The Keys To Big Wins In Payments And Commerce

PYMNTS

154B: Projected value of payment platforms by end of 2024. Artificial intelligence is making strides in a variety of areas, some of them unexpected. Cross-border payments, alternative lending and FinTech are thriving in new ways – and for new players.

How Digital Is Transforming Vital Industries In 2019

PYMNTS

55 percent: Estimated portion of consumers who will use bank branches by 2024. At the dawn of a new decade, everything from grocery shopping to disaster relief is getting a digital upgrade.

Digital Banking, Millennially Mobile

PYMNTS

16 percent: Estimated CAGR of the global digital banking market through 2024. Banking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes.

Platform Economy’s Strong Growth, Based On Trust

PYMNTS

490 billion: Projected value of the global telecom API market by the end of 2024. The platform economy is global in scope, spanning countries, borders, languages and currencies.

How Digital Platforms Are Changing Food Ordering, Shipping

PYMNTS

3.4T: Anticipated value of the global mobile payment technology market by 2024. Digital technology is changing the way consumers order food and is changing how shippers transport items.

Retaining Customers Through New Approaches

PYMNTS

10.2: Projected value of global beacon technology market by 2024. Business-to-consumer (B2C) subscription companies are taking measures to reduce customer churn. In other retail news, beacons are fueling commerce innovation as more retailers try to get more shoppers into stores.