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Banks could save more than $70 billion using new tech by 2025

Bank Innovation

North American banks could save more than $70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc.

Study 284
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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic

PYMNTS

Jumia is reportedly viewed as an innovator in eCommerce in sub-Saharan Africa. The geographic region is behind the globe because of hurdles like inconsistent addresses and links to the web that are not strong. I would rather grow the market than just try to take everything,” the executive said.

Regional 253
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Virgin Money, Redspire Team On Business Banking

PYMNTS

The bank is working to launch its Virgin Money Business program next year, with the target being 100,000 small to medium-sized business (SMB) customers by the end of 2025 and 20,000 by the end of 2022, the report says. The fund was created to help spark competition as part of an agreement between the U.K.

Regional 205
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SAP Sees Q3 Revenue Decline As Corporates Delay Projects

PYMNTS

Lockdowns have been re-introduced in some regions, recovery is uneven and companies are facing more business uncertainty," the company said. Together with our customers and partners we will co-innovate and reinvent how businesses run in a digital world. Software giant SAP on Sunday (Oct. billion euros ($7.7

Regional 161
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Funding Societies Adds Financing To SGeBIZ Procurement Platform

PYMNTS

The survey predicted innovations in SMB working capital financing to grow more than 20 percent by 2025. billion in financing within the region, with more than 1.4 SGeBIZ offers an array of loan products for small business (SMB) users, including B2B procure-to-pay platform EzyProcure, the first of its kind in the country.

Capital 141
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Visa Inks Partnerships With More Football Associations

PYMNTS

What’s more, Visa said it will play a role in further elevating women’s football and the regional tournaments. Visa is partnering with the UEFA Women’s Football Competitions through 2025 to continue its efforts to inspire and empower women as women’s football continues to grow at all levels.

National 115
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Digital Payments’ Summer of Love

PYMNTS

In PYMNTS’ June edition of The Digital Payments In A Digital World Playbook done in collaboration with Wirecard , we learn that “digital shifts in regions like the EU and the U.S. are somewhat expected, with consumers in both [regions] more frequently interacting with financial and payment providers through digital channels.

Payments 132