Blog

The Latest Gen Z Payment Trends and What Drives Them

Gen Z, the "digitally native" cohort, currently makes up approximately 24% of the global population and has significant spending power. According to a 2021 Bloomberg report, students and young professionals belonging to this generation already command a disposable income of $360 billion and counting.

05.08.2022

Asia-Pacific Region: Driving Change in Global Payments

The world’s retail eCommerce sales are expected to rise from $4.2 trillion in 2020 to $7.3 trillion by 2025. One of the main contributors to such rapid growth is the Asia-Pacific (APAC) region, with its focus on innovation in the payments technology field.

04.08.2022

How Can Merchants Make the Most Out of Payments Data Analytics?

It is not an overstatement to say that data drives commerce. Merchants worldwide collect information to analyze it and make business decisions based on the gained insights.

02.08.2022

When Will the World Be Ready to Go Cash-Free?

The use of coins and banknotes has been declining worldwide over the past years. In 2021, cash payments accounted for only 18% of the global transaction value, and their share is expected to drop even more - down to 10% already by the end of 2025.

01.08.2022

A Merchant’s Guide to Tap to Pay: from Fundamentals to Future Insights

In 2021, over two-thirds of merchants were already accepting contactless payments, and their number continues to grow fast due to the increasing demand. The technology behind this trending transaction type is called “Tap to Pay”.

29.07.2022

Biometric Payment Cards: Will They Become a Worldwide Trend?

Fingerprint-based cards were first introduced decades ago but failed to gain traction because they seemed overcomplicated at the time. However, following the pandemic, they are having a grand comeback in a number of markets.

26.07.2022

The Complete Guide to Online Payment Fraud Prevention

Online payment fraud is one of the greatest concerns for merchants worldwide regardless of the business scale. According to estimates, the global eCommerce losses from it accounted for $20 billion in 2021, which represents a 14% increase from $17.5 billion recorded in the previous year.

25.07.2022

9 min

The Complete Guide to Accepting Payments in Latin America

The internet penetration rate and the number of mobile users in Latin America (LATAM) have been growing consistently throughout the past years. What’s more, the share of the unbanked population in the region is steadily decreasing, so if your online business still hasn’t entered this market, it might be the perfect time to do it.

21.07.2022

The Future of the Payment Industry in the Middle East

While the Middle East boasts one of the highest rates of smartphone penetration worldwide (97%) and is digitally astute in general, the majority of its population still chooses cash over other payment methods. Notably, only a third of retail transactions in this area are conducted electronically.

20.07.2022

Anti-Money Laundering: What It Is & Why It Matters

Money laundering is a financial crime that involves concealing the origins of unlawfully obtained proceeds for them to appear as if they derived from a legitimate source. Worldwide, there are between $800 billion and $2 trillion laundered each year, accounting for 2-5% of the global GDP.

11.07.2022

6 min

P27 Explained: Current State, Perspectives, and Impact on Businesses

They say there is safety in numbers, meaning that uniting multiple parties is often more efficient than each of them taking action on one’s own. This principle proves to be right for a variety of niches, including the payment industry.

08.07.2022