With a new year comes a look to the future. With that in mind, it is important to look at the current state of all of payment market’s arenas and see how they ended 2015.
Arbitrarily starting with Bitcoin, the comprehensive infographic below from the team over at Bargain Fox, argues that the cryptocurrency’s growth in 2016 will be anything but slow.
It posits that bitcoin exchanges are rapidly growing, with the top five exchanges all recording over 150 per cent year-on-year growth between October 2014 and 2015.
Bitcoin now apparently also processes daily transaction values in the high $200m mark ($289m), more than Western Union and with Square processing only under a $100m more.
Have a look at the rest of the infographic for a comprehensive breakdown of the current Bitcoin landscape.
The Emerging Payments Association discuss the impact of Brexit on the fintech industry at the latest payments industry event.
Jonathan Quin, co-founder and CEO of World First, explores how established financial institutions and newer fintech disruptors stand to benefit from collaborating with one another in the fast-moving financial services sector.
With advancements in technology and the subsequent availability of data, it seems surprising that banks seem to know less about their customers than ever before.
In an era where cheques are largely a thing of the past for organisations that operate within these shores, many people will be surprised to learn that many overseas B2B payments are still made by cheque.