The U.S. Faster and Real-Time Payments Market Volume Experiences an Upsurge
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One of the exhibits included in this research report BOSTON (PRWEB) February 17, 2021 The pace of real-time and faster payments adoption accelerated in the U.S. during 2020 as explored in new research from Mercator Advisory group, U.S. Faster Payments Forecast: The Volume Begins to Build. Solutions such as debit push payments, The Clearing House RTP network, Same Day ACH, and Zelle all experienced strong double-digit and even triple-digit growth in certain use cases. Gains were in part due to the unique environment created by the global pandemic which values fast digital payment types, plus the simple fact that financial institutions and fintechs alike continued to integrate and launch new payment options for customers and members.
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Consumers demands and expectations for bill pay created the shift towards digital interfaces and also an expectation around a choice of payments and greater transparency regarding payment status. Their expectations are often better met through biller solutions, not banking platforms.
With improved technology for financial institutions, there is an opportunity to bring consumer bill payers back and provide enhanced convenience through a single, consolidated tool.
Highlights of the report include:
Review of the payment methods and channels that consumers are using today to pay bills
Estimates and forecast for bill pay activity by paper, card and other electronic methods
Mercator Advisory Group Releases New Research, Debit Card Trends in the Asia-Pacific Region
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Mercator Advisory Group releases a new research report that examines how financial inclusion, payment legacy, COVID-19, the regulatory environment and other influences are effecting the trends for debit cards in seven countries.
One of the 7 exhibits included in this research report
We find some interesting trends in debit card adoption in each country. Those nations that have been primarily cash based societies are moving towards mobile based solutions supported by QR codes at the point of sale at an incredible pace. BOSTON (PRWEB) December 22, 2020 Mercator Advisory Group released a new report titled Debit Card Trends in the Asia-Pacific Region and finds that debit card use in the region is far from monolithic. Countries such as Australia and Japan have some similarities to the North American debit market