article thumbnail

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
article thumbnail

Bed Bath & Beyond Bolsters Liquidity With $850M Credit Facility

PYMNTS

It has put most of its store workers and a share of its corporate staffers on leave, has halted plans for share repurchases and has tightly managed expenses, capital expenditures and working capital, among other steps. billion in senior secured notes, set to come due in 2025, to help pay back borrowings under its current $1.5

Retail 141
Insiders

Sign Up for our Newsletter

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

article thumbnail

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

article thumbnail

Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

Capital 131
article thumbnail

McKinsey Bank Survey Shows 50 Percent Not Strong Enough To Survive Slump

PYMNTS

FinTech startups and tech giants are bringing new competition and banks risk “becoming footnotes to history” as regulations ease, making it easier for companies to offer financial services. trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025. Amazon in the U.S.

Survey 101
article thumbnail

Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS

PYMNTS

13) on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively. Debate Looms Over Crypto Privacy, Security And Regulation. Billtrust has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp., Starbucks announced on Tuesday (Jan.

Analytics 145
article thumbnail

In Ireland, Banking Federation Promotes FinTech Foresight

PYMNTS

It is indeed imperative that banks capitalize on these technological advances and the associated business models. Coordination among various authorities — such as financial regulators, competition authorities and data protection supervisors — becomes critical at this juncture.”. Facebook Eyes Indonesia eCommerce.

Fintech 174