Industry Events
In Africa, Payments and Regtech stand as catalysts for economic transformation. Innovations in digital transactions coupled with robust regulatory technology are reshaping the financial landscape.
The 15th NextGen Payments & RegTech Forum aims to discover how organizations are seeking to optimize operations, with a growing focus on expanding opportunities by adopting the latest technologies that are reshaping the Payments and Regtech industry.
Conferenzia World’s Banking 4.0 and Finance Innovation Conference 2024 is bringing together leading banking experts to analyze the challenges companies are now facing and the core opportunities for banking industries to strengthen strategies to attract and retain customers.
The 19th NextGen Payments & RegTech Forum aims to discover how organizations are seeking to optimize operations, with a growing focus on expanding opportunities by adopting the latest technologies that are reshaping the Payments and Regtech industry.
The 18th NextGen Payments & RegTech Forum aims to discover how organizations are seeking to optimize operations, with a growing focus on expanding opportunities by adopting the latest technologies that are reshaping the Payments and Regtech industry.
Fin+AI 2024 isn't your average conference. It's a nexus event for visionary financial executives seeking a paradigm shift. Here, you'll join a trailblazing community to unlock the exponential potential where Fintech and Artificial Intelligence collide.
Industry News
July 17, 2024
Purchase volume decreased 1% to $46.8 billion. Loan receivables increased 8% to $102.3 billion. Average active accounts increased 2% to 71.0 million. New accounts decreased 14% to 5.1 million.
July 8, 2024
Niva, a recently launched business identity platform, has introduced an AI-powered product designed to establish trust in businesses internationally by screening for fraud and meeting local and international KYC requirements. The company has completed a $3.3-million funding round led by Gradient Ventures, Google’s AI-focused venture fund, along with participation from Picus Capital, Canary, Gilgamesh Ventures, and executives from Chime, Deel, Enigma and Faire.
July 11, 2024
Inswitch embedded finance technology will be used by N1co Technologies in El Salvador to issue and process Visa debit cards. The Inswitch’s platform will be able to handle digital KYC to set up an account with a Visa debit card. They can also make deposits and withdrawals at over 1,000 physical locations in El Salvador, and use credit and debit cards for top-offs from other banks. N1co will also offer person-to-person transfers.
July 9, 2024
Ebanx, a global technology company specializing in payment services for rising markets, has partnered with Zuora to enhance processing of local payments for subscriptions and recurring revenue. The partnership focuses on Brazil, Mexico, Colombia, Chile, Peru, Argentina, Uruguay, Paraguay, Costa Rica, the Dominican Republic, Guatemala, El Salvador, Panama, South Africa, and Nigeria, and facilitates payments with credit and debit cards, including those that are not enabled for cross-border purchases, as well as Pix payments
July 17, 2024
Net income was $1,622 million with diluted earnings per commonshare of $0.98. Net interest income, linked quarter, increased 0.9% on a taxable equivalent basis. Average total loans increased 1.0% and average total deposits increased 2.2% on a linked quarter basis. Net revenue was $6,867 million including $4,052 million of net interest income.
July 10, 2024
Relay Payments, a fintech serving the trucking and logistics industries, will provide fuel discounts at 22 locations of Onvo, a hospitality chain that operates travel plazas with hotels and restaurants for motorists and truck drivers. Drivers pay using Relay’s mobile app. The company will also deploy Relay’s anti-card skimming fraud protection technology.
Nilson in the News
July 19, 2024
Target bans checks — does anyone still use them?
"I understand that some organizations... don’t want to pay credit card processing fees (these average 2.2 percent of the transaction, according to The Nilson Report)."
July 13, 2024
Credit card statistics and trends you should know about in 2024
"The credit card issuer market also features a small number of major players. Eight issuers that provide Visa, Mastercard, American Express or Discover cards in the US were responsible for nearly 80% of the industry’s purchase volume in 2023. That industry purchase volume was, in total, $5.82 trillion."
June 25, 2024
Visa, Mastercard $30 billion swipe fee settlement rejected by US judge
"Those fees, typically 1.5% to 3.5% of each transaction, totaled about $72 billion in 2023 according to the Nilson Report. They generate profits for bank and other card issuers, which funnel many fees into rewards programs that encourage consumers to spend more."
June 13, 2024
Credit Card Data, Statistics and Research
"Going by that metric, the largest credit card issuer in the country is JP Morgan Chase. According to the Nilson Report, a payments industry publication, Chase cardholders charged $602 billion in the first six months of 2023."
June 12, 2024
EBay to accept Venmo
"Amex downplayed eBay’s decision, but the move was still a blow to the credit card provider, which had made headway with U.S. merchants in recent years. Just 3.7 million merchants accepted Amex in 2014, according to the Nilson Report, but that number swelled to 10.6 million by the end of 2019."
May 14, 2024
How Banks are Winning the Battle Against Credit Card Fraud
"According to the Nilson Report, which monitors the card industry, payment-card fraud led to $33 billion in losses worldwide in 2022, with $13.6 billion of those losses occurring in the United States."
Nilson in the News
Relevant and respected, the Nilson Report is quoted by more business news publications than any other in the payments industry. Here’s a sampling of the articles where our proprietary data has been featured.
Industry News
The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.
Industry Events
The Nilson Report’s editorial team partners with conference and educational programming organizers from around the globe to provide the payment industry’s most comprehensive listing of premier events – conferences, expos, symposiums, seminars, webinars, and workshops. Attendees and participants can take advantage of special offers related to the Nilson Report trial subscription, and new subscription sign up discounts.
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