From time immemorial, humans have dealt with physical payments like the exchange of items, cards, or tangible currency. But as tech takes over, payments continue to get invisible as consumers embrace quick and convenient strategies like electronic wallets and app payments. Digital retailers must now maneuver an ever-changing market as…
When it comes to the terms underbanked and unbanked, there is a tendency to use these words interchangeably. However, there are clear distinctions between the two. The underbanked refers to people that don’t take full advantage of financial services. This is especially true with banks. It may partially have to…
According to Oberlo, in 2021 alone, there were 900 million more online buyers than in the year 2020. This was a 4.4 “year-over-year” increase. As of 2021, the total number of online shoppers globally is estimated at 2.14 billion. This makes up just over a quarter of the world’s population. …
With eCommerce and mCommerce experiencing a growth of 10-20% annually, it is not surprising that many merchants are focused on seeking digital commerce growth above all else. Although online merchants have already determined that selling online is a “proven path” for progress and profit, it is only one strategy that…
According to a survey by Statista, back in March of 2020, it was found that 88.05 percent of orders initiated online were abandoned. This simply means that the online shopper did not move forward to actually make the final purchase. For 63% of online shoppers in the United States, the…
With the already booming phenomenon of e-Commerce, coupled with the economic repercussions of the Covid-19 pandemic, more shoppers are looking to new payment options such as Buy Now, Pay Later (BNPL) services. Companies such as Affirm, QuadPay, Sezzle, Klarna, and Afterpay are just a few of the BNPL options currently…
With so many moving parts to running a business, it is very common to put your payment solution on autopilot and let it do its thing from day in to day out. You may see it as simply another cog in the wheel, keeping things turning, assisting you to generate…
This year, The 2020 Fiserv Fraud and Security Survey dives into the unknown about the current pandemic and how the surge of both digital and “touchless” payments are driving cybersecurity concerns. The survey involved 1,037 U.S. consumers from ages 18 to 74. The Findings With the widespread infections due to…
The 2020 Election will either promote or reel in a band of tech companies intruding further into financial services. Depending on who voters elect for Congress in 2021 will determine how Facebook can operate as a “bank” and just how much power Google and Amazon can have over marketing, data,…
WEX, a major financial technology service provider for sectors such as healthcare, travel, and fleet, in collaboration with E(BrandConnect), a commercial arm of The Economist Group, released a white paper titled, “The Digital Payments Tipping Point”. The aim was to assess the current state of payment innovation for B2B payments…