While the penetration of instant payment solutions today is relatively small compared with credit and debit payment volumes, it is fast gaining momentum in many countries, due in part to the surge in ecommerce during the pandemic.
Fraudsters have seized on the spike in online activity, due to the pandemic, to prey on businesses and consumers.
Globally, some 1.7 billion people are unbanked. Companies can fill this void with banking products and services that can offer significant new revenue opportunities, while at the same time provide a critical social service that can improve the lives of millions.
The volatility of the stock market caused by the pandemic’s economic fallout has led to an incredible surge of trading by both experienced and new investors looking for financial opportunities. This year, these investors drove a second-quarter retail equity trading volume to skyrocket more than 50 percent from the first quarter.