The “Money Transfer Agencies Market Report 2024″ highlights significant growth in the money transfer sector, predicting an increase from $25.62 billion in 2023 to $29.08 billion in 2024, with a projected compound annual growth rate (CAGR) of 13.5%. Factors driving this expansion include the rise of smartphone use, a boost in cross-border trade, and the ...
DXC Technology has introduced AI Impact, a comprehensive approach that combines consulting, engineering, and secure enterprise services to tackle customer challenges across different industries. Announced on January 6, 2025, this initiative aims to help businesses innovate and achieve significant outcomes using artificial intelligence. With expertise in sectors like automotive, public services, finance, and healthcare, DXC’s ...
E-Trade, the online trading platform owned by Morgan Stanley, is exploring the possibility of adding cryptocurrency trading to its services. This potential move could position E-Trade among the largest traditional financial firms to offer such options. The interest in crypto trading is partly due to expectations of a more favorable regulatory environment under President-elect Donald ...
Asia is rapidly becoming a leader in banking innovation, especially with mobile QR code payments and the rise of superapps that integrate various consumer services. Unlike regions like the UK and US, which are still grappling with traditional payment methods, Asia’s central banks are collaborating to enhance their services for modern needs. They are moving ...
As 2024 comes to a close, PYMNTS’ “What’s Next in Payments” series has captured key insights from industry leaders about the evolving landscape of banking, payments, and the connected economy. Highlights include discussions on the future of generative AI in finance, the transformation of banking as institutions adapt to consumer demands, and advancements in payment ...
In 2024, stablecoins experienced significant growth as they began to play a key role in financial services. These digital tokens, linked to traditional currencies, gained popularity as financial firms explored blockchain technology. With Donald Trump’s election suggesting a supportive environment for cryptocurrencies, stablecoins moved from just speculative investments to vital tools in global finance. They ...
Steve Marshall, the Director of Advisory Services at FinScan, highlighted the key business themes for 2024, which included rising geopolitical tensions and evolving regulations. The U.S. imposed new sanctions on Russia, Iran, and Venezuela, making compliance more crucial for banks, especially after significant fines for inadequate measures. Regulatory focus also shifted to beneficial ownership reporting ...
Karnataka Bank is celebrating its centenary while leveraging the power of Nutanix’s Cloud Platform to manage essential business applications. This technology supports cloud-native services like mobile banking, loan management, and even a digital currency application mandated by the Reserve Bank of India. The bank values quick deployment and easy updates for its digital-savvy customers. CIO ...
The digital currency and payments Market is rapidly growing, valued at $115.93 billion in 2023, with expectations to reach $180.26 billion by 2028. As more consumers, especially younger generations, prefer digital transactions for their convenience, companies are adapting to meet these technological shifts. Recently, we evaluated the best digital currency and payments stocks, highlighting Block ...
The digital currency and payments sector is rapidly changing, with technological advancements and consumer preferences driving its growth. Ally Financial Inc. (NYSE:ALLY) is a notable player in this space, offering services like auto financing and digital banking. Currently, Ally ranks 9th among the best digital currency and payments stocks to invest in. The global digital ...
