Digital Wallet Users to Exceed 4.4B by 2025

Stimulated by the COVID-19 pandemic, its expected the number of unique digital wallet users to exceed 4.4B by 2025, up from 2.6 billion in 2020, according to a recent study from Juniper Research. The total amount spent through digital wallets is also expected to nearly double to $10 trillion annually by 2025 from $5.5 trillion...

What’s Next for Digital Payments in 2021?

COVID-19 has placed financial pressure like never before on companies and consumers. Banking institutions are forced to facilitate alternative payments and transfers with new automation, due to the increased number of e-commerce transactions and new consumer trends. A large proportion of people around the world made their first online purchase ever this year, with more...

Wearable Payment Devices Worth 80B by 2028

The global wearable payments devices market size is expected to reach a worth of USD 80B billion by the year 2028, according to a new report by Grand View Research, Inc. Over time, payment systems have adapted to suit the needs of customers, such as increased convenience and reduced time while making payments. The growing...

Public Health Prioritizes Contactless Payments

Consumer and business behaviors change slowly, irrespective of the industry, for they require overcoming two key friction points: familiarizing oneself with new technology and going outside one’s comfort zone. Unless there is a dire need or a strongly enforced government or regulatory policy mandate, consumers and businesses are usually slow to change. How customer’s demand...

Be Aware of the “Overpayment Scam”

We’ve noticed a resurgence in the popularity for the Overpayment Scam, and if your business advertises its products or services online, be aware, that you could be a target. Also referred to as a Cash Forwarding, or Cash Advance Scam, the con involves fraudsters paying for a purchase with a stolen credit card, then requesting...

Be Aware of Risk When Accepting Credit Cards

As a merchant, you might already be aware of your risk exposure when you accept credit card payments, and hopefully, you’re taking the necessary precautions to alleviate that risk. It can be helpful to understand the different kinds of risks that each entity in a given credit card transaction is exposed to. The credit card...