Futuristic Payment Technologies and Currencies Well Supported

Electronic payments have become commonplace today, with nearly 51% of people reporting that they are paid electronically via direct deposit, and an increasing comfort level with these paperless transactions appears significant in driving consumers’ interest in even more sophisticated forms of electronic payment. Consumers are unenthusiastic about traditional paper checks, as one-third of them think…

Q2 Earnings Week Gets Underway Friday for the Payments Industry

Second quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on July 14th. First out of the shoot, will Chase (JPM) and Wells Fargo (WFS) reporting Friday morning, according to PYRPTS.com and CardData. Citibank (C), Bank of America (BAC) and Capital One…

Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

Major 4 Network Global Q1 PDV +7% FX YOY Adjusted for EU

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY, according to CardData. The first quarter PDV figures are skewed as Visa…

Armed w/Expanded Funding InstaReM Heads to Europe and the U.S.

A Singapore-headquartered cross-border payments company has exploded on the payments scene. InstaReM has received a $13 million investment led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital. To date, InstaReM has raised over US$18 million in the last 18 months. InstaReM will…