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.

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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.

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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.

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Digital banking surge predicted by 2024

ATM Marketplace

Digital banking is poised to take off as incumbent banks move much of their business to mobile channels to compete against a new generation of digital-only startups

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

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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.

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

The Bankwatch

Even in the event of apparent elimination, SARS-CoV-2 surveillance should be maintained since a resurgence in contagion could be possible as late as 2024. 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.

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Five ways payments will be different in 2024

Banking 2020

These will be the chief reason why a record 44 billion payments are predicted to be made in 2024, which is up 3.4 But Payments UK says this figure will hit 60 per cent by 2024. billion by 2024,” says Payments UK. billion payments in 2024.”. per cent in 2024.

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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

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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.

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

IoT connections to reach 83 billion by 2024

The Paypers

A new study from Juniper Research has found that the total number of IoT connections will reach 83 billion by 2024, rising from 35 billion connections in 2020

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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

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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

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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

Mobile money market expected to reach USD 12.0 billion by 2024

The Paypers

billion by 2024 According to a new market research report published by MarketsandMarkets , the mobile money market to grow from USD 3.4 billion in 2019 to USD 12.0

Global online retail transaction values to reach USD 4.8 tln by 2024

The Paypers

trillion by 2024, up from USD 3.3 A new report from Juniper Research has found that total online retail transaction values will reach USD 4.8 trillion in 2020

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

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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

Indian ecommerce retail market expected to cross USD 100 bln by 2024

The Paypers

A white paper published by A&M India and CII Institute of Logistics has estimated that the ecommerce retail space in the country with prompt growth by five times in the next five years

Fed to have payments service ready 'as soon as practicably possible'

Payments Source

The central bank released new details about FedNow, which officials hope to get off the ground before a 2023 or 2024 target launch date. Federal Reserve Real-time payments Liquidity Jerome Powell Lael Brainard Payments Coronavirus

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

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.

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

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.

Cloud Computing ‘Key to Digital Payment Growth’

Banking Exchange

Accelerating growth in use of Apple Pay and similar services will see market hit $416 billion by 2024, research shows Payments Outsourcing/Cloud Customers Core Systems Mobile Online Cards Feature3 Fintech Feature Financial Trends.

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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.

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

Fed to have payments service ready 'as soon as practicably possible'

American Banker

The central bank released new details about FedNow, which officials hope to get off the ground before a 2023 or 2024 target launch date. Federal Reserve Real-time payments Liquidity Jerome Powell Lael Brainard Payments Coronavirus

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.

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.

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.