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Banks Tap FinTechs For Remittance Overhaul

PYMNTS

The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by 2024. A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region.

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Deustche Bank: Regulation Complicates B2B Payments’ Digital Transformation

PYMNTS

In August’s The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including record numbers of digital payment users in India, high demand for instant payments from corporates as well as consumers, and emerging competition from FinTechs and challenger banks. About The Tracker.

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Deutsche Bank Eyes Growing Payments Unit With Takeovers, JV’s

PYMNTS

Deutsche Bank is looking to acquire firms or enter into joint ventures with other companies in a bid to become a significant player in Europe's digital payments market, the Financial Times reported Sunday (Nov. billion by 2024. The demand for instant payments is expected to continue to grow.

Payments 161
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart. million in 2024.

Industry 471
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Looking Toward Interoperability And Scale . The Timeframe .

Payments 244
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Deep Dive: Strategizing Transparent, Holistic Digital Banking Transformations

PYMNTS

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. It found that 64 percent of consumers across 27 surveyed markets noted that they were using FinTech services.

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Fortune Favors Cross-Border Payments

PYMNTS

trillion by 2024, it’s small wonder that so much investment and innovation keeps pouring into the space. Financial access to, and inclusion in, new foreign markets will certainly create post-pandemic fortunes. As reopening and reinvention rolls inexorably forward, changed markets require fresh ways of doing things.

Payments 142