Fintech Revolution: Popularity of Digital Payments is Rocketing, Says Visa
Despite a selection of headlines to the contrary, bricks-and-mortar is still relevant to the digital payments consumer, although not in the traditional sense, says Visa’s 2016 Digital Payments Study. The study, for which Visa surveyed more than 36,000 online consumers in 19 European countries, says this is in addition to the number of Europeans regularly using a mobile device – a smartphone, tablet or wearable – for payments having tripled since 2015. It notes that “showrooming” – the act of seeing an item in-store before purchasing online – is an overwhelmingly popular shopping method for....
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Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region.
Visa Provides Fintech Partners With Crypto-Enabled Cards
More global payment companies are taking an interest in mixing conventional fiat payments with more advanced solutions like cryptocurrencies. Visa, one of the leading....
With 2016 marking four years since the last halving, dropping to 12.5 bitcoins every ten minutes, what FinTech companies should we look out for in the years ahead? The birth of Blockchain technology is quickly becoming the main component of the FinTech revolution and is quite possibly considered the most innovative concept in the FinTech industry. Most people naturally associate the Blockchain to Bitcoin as that’s where its roots originate. However, Blockchain is fast expanding beyond Bitcoin with banks, financial institutions, and individuals slowly understanding the benefits that it can....
Bitnet founder and former senior Vice President at Visa John McDonnell says that bitcoin is probably the biggest fintech innovation since electronic payments. In his recent podcast interview with Epicenter Bitcoin, he explained how the cryptocurrency could be the solution to online payment issues. Bitnet is a bitcoin payment processing company that focuses on how to move funds safely between customers and merchants. The Bitcoin Potential. "The founding team of Bitnet comes from the online payments industry, so we know a great deal about how broken, frankly, online payments has become. As....
The lines between traditional payments networks and fintech continue to blur with Visa's acquisition of the London-based firm. Visa officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries.The new acquisition aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintechs and partners. The deal will specifically improve Visa’s payment transparency and speed, the company’s global treasurer Colleen Ostrowski....
Visa Europe called 2015 “definitely the year for payments” thanks to growing transaction volume and the joining of Apple into the payments sector. Samsung and Google also fine-tuned their products with FinTech, gaining a lot of momentum. What is of most interest to Bitcoiners is the companies acceptance of Bitcoin businesses issuing their cards for Bitcoin prepaid programs or even debit cards. “Mix in the emergence of new platforms like Blockchain and it is fair to say the sector experienced a rapid evolution over the last 12 months,” Visa Europe wrote in its blog. “So, let’s look back at....