As payments continue to evolve, a trend to watch in 2025 is the adoption of pay-by-bank technology. This burgeoning payment method, rooted in open banking, has the potential to reshape how consumers and merchants interact. “It’s an exciting time to be in this space,” Trustly...
The year 2024 proved to be full of transformative shifts and strategic pivots. PYMNTS sat down with some of the industry’s most influential leaders, capturing insights that shaped the narrative of financial innovation. From the pressing need for robust compliance in an increasingly scrutinized FinTech...
As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play for banking, payments and the connected economy. Here are five thought-provoking comments from executives that stood out this year, offering...
Hey, we got frustrated. We were planning our last Weekender of the year, and everything was feeling more than a little too cliched. Staffer resolutions for the new year? Boring. Resolutions for the payments sector and connected economy? Even more boring. Then it hit us....
Parafin has raised $100 million in a Series C funding round to grow its embedded finance infrastructure that powers financial services for marketplaces, vertical software-as-a-service (SaaS) providers and payment platforms. The company will use the new capital to scale its existing products, ship new ones...
Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In an age where relationships with banks are nearly ubiquitous — the Federal Reserve noted last month that just about 96%...
The connected economy might be making a jump from end-users’ hands to their faces. That is, if Big Tech’s biggest representatives are to be believed. On Thursday (Dec. 12), Google introduced a new Android operating system (OS) built for extended reality (XR) devices like headsets...
As companies mull updates to their payments processes, the changes required to automate and digitize those (sometimes) analog interactions can prove daunting — and costly. The movement toward frictionless commerce is a big undertaking, just as it was before the pandemic forced us all to...
Platforms are rapidly forging their own ecosystems — matching supply and demand, buyers and sellers, sometimes on a global scope. In other cases, they serve specific verticals — for example, hair salons or restaurant delivery — to offer a one-stop shop for a variety of...
