Big Tech’s Pursuit of Banking Leaves Regulators Uneasy

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Leading technology companies are increasingly looking to transform themselves into banks without officially crossing the line into taking deposits. Instead, they are on the fringes of financial services with payments, peer-to-peer transactions, and even loans that make them more embedded into the lives of their users. While this may seem convenient, policymakers are worried that tech plays are getting too much control. Continue reading Big Tech’s Pursuit of Banking Leaves Regulators Uneasy

Fintech Is Disrupting the Massive $500 Billion Remittance Market

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Remittances sent to developing countries alone represent a massive $500 billion market (and still growing), even though these payments are generally sent in small amounts. The funds might be used for everyday expenses such as groceries, or to help in the event of a medical emergency, for instance. When you combine businesses and person-to-person remittances, cross-border transactions soar to an eye-popping $10 trillion annuallyContinue reading Fintech Is Disrupting the Massive $500 Billion Remittance Market

Google and Apple Look to Disrupt Gaming Payments

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While digital payments have already taken the e-commerce and brick-and-mortar retail space by storm, they are only just beginning to disrupt the gaming industry–both online and live sporting events. Gaming is one of the hottest markets around, and engineers are still working on cracking the massive opportunity that this space presents. Continue reading Google and Apple Look to Disrupt Gaming Payments

Payment Providers Compete for Their Share of the Food-Delivery Market

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Uber may be known as a ride-share play, but it’s much more than that. Dara Khosrowshahi, Uber CEO, likens the company more to Amazon.com than ride-share rival Lyft. One of the areas in which it goes head-to-head with Jeff Bezos’ e-commerce giant is food delivery. In fact, restaurant food delivery is hotter than ever and payments companies are vying for their share of the market. Continue reading Payment Providers Compete for Their Share of the Food-Delivery Market

Contactless Cards Take the U.S. by Storm, finally

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Better late than never. Contactless cards begin to take off in the U.S. after having gained popularity in the U.K., South Korea, and other jurisdictions years ago. Now U.S. consumers will have the opportunity to tap a credit or debit card at the retailer’s point-of-sale terminal. Banks and other card issuers are motivated to integrate the technology to capture a combined $2.4 billion in profits over the next half-decade as a result. Continue reading Contactless Cards Take the U.S. by Storm, finally