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Mphasis Teams With R3 On Blockchain Payment Solutions

PYMNTS

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. The release says the partnership will aim at helping those types of businesses access digital working capital in ways that can help to close the gap in financing.

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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The estimated value of the global intelligent vending machine market by 2025 is $15 billion. And digital disruptors are putting a new spin on vending machines.

Retail 177
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Startups, Instant Payments Could Put $280B In Global Payments Revenue At Risk For Banks

PYMNTS

trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. In addition to Accenture’s research, 240 bank executives across 22 countries were surveyed about their plans to capitalize on digital disruption.

Payments 150
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eWallet Startup MoMo Lands $100 Million From Warburg Pincus, Other Investors

PYMNTS

The eWallet firm, Vietnam’s largest, has pulled in $100 million from a group of six investors co-led by Warburg Pincus and Goodwater Capital, Reuters reported on Wednesday (Jan. We hope to go public in the 2021-2025 period, possibly in 2025. MoMo is looking to double its user base to 50 million in the next two years.

Capital 154
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Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments

PYMNTS

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Velo Labs has unveiled a joint effort with Visa and Lightnet Group to build out payment offerings together in Asia, according to an announcement.

Payments 141
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Solve This Problem with Your Strategic Horizon

South State Correspondent

If you are a typical banker and you agree with the above, then your conclusion will likely be that 2025 should be spent focusing on your core business. Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short.

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Starbucks Launches $100 Million Fund To Support SMBs

PYMNTS

12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience.