Remittances to developing countries are expected to reach $435 billion this year, representing a 5 percent increase over 2013. Remittances also grew faster this year–in 2013, the annual growth rate was around 3.4 percent. The main drivers for growth were Asia and South America. The...
The three months through September were still the busiest for IPOs in four years and would have been even if Alibaba had never set foot in the U.S. and gone public. “Alibaba breathed even more life into the IPO market,” said Liz Myers, global head...
Non-cash payments ticked up 10 percent in 2013 to 366 billion transactions, pulled along by intense growth in developing markets. According to RBS data, nearly a quarter of all global non-cash transaction growth–that’s about 93 billion transactions–happened in those developing markets. China remains less developed...
Robust economic growth in the U.S. and United Kingdom, combined with a gradual recovery in the Eurozone, should help strengthen global economic activity over the next year, according to the latest HSBC Trade Confidence Index. However, rising geopolitical tensions could weaken such projections. Such issues...
Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Cards Coin,...
E-billing in Brazil started in 2012 with an initiative of the federal and state tax authorities. Its aim is to end the need of an authorized printer for fiscal receipts and replacing it by an e-invoice, which can be printed in any device or sent...
Mozido, an m-POS firm, has been present in Mexico, since 2012. It rolled out its solution in 80 firms in Yucatán and it expects to reach 500 soon and 2k by 2015. The platform allows for mobile phones top-ups, service payments and payment card transactions....
Earlier this week, the Open Standard for Public Transport™ (OSPT™) Alliance in Brazil announced that it had signed on RioCard TI, which is a supplier of prepaid ticketing solutions for transport providers, as a new member. The existing members are São Paulo Transporte, Intelcav, Planeta...
Banco Pichincha, Ecuador’s largest financial institution is testing cash-recycling technology developed by GRGBanking. Its H68N series offers high capacity, serial number tracking, biometric authentication and coin dispensing features. “We believe that this kind of new technology will help the bank manage its heavy cash transactions...
