Global Payment and Fintech Markets Mushrooming: WePay's Week in Payments

March 06, 2017 Payments
By Owen Linderholm, Senior Content Strategist
By Owen Linderholm, Senior Content Strategist

Mushrooming

This week’s roundup of news from the payments and fintech worlds highlights how much of a world it really is. There are announcements of deals, growth and change from countries around the globe. Not surprisingly, the news is mostly from Asia where fintech has always been a strong sector of interest. But it isn’t limited to Asia.

  • The National Payment Corporation of Vietnam (NAPAS), the National Payment Switch Provider in Vietnam, is pushing a payments solution intended to drive growth across Vietnam and the ASEAN region.
  • In the UK, contactless payments have grown to  £25bn in 2016, up 222% from 2015.

In contrast, Chris Skinner has a piece about how the US is being slow to adopt some form of immediate payment solution. The piece is part of an initiative he is pushing to determine the ROI of immediate payments and he includes an in-depth look at all the research on the topic to date.

CPI FInancial takes a look at four trends that it believes are shaping the future of mobile payment platforms. These are tokenization, regulation, the end of checkout and growing ecosystems.

PaymentSource has a great story about how the rapid rise of the Internet of Things (IoT) is driving an increase in payments transactions and simultaneously creating some very large future headaches around compliance.

 

About the author

Owen Linderholm, Senior Content Strategist

Owen Linderholm is Senior Content Strategist at WePay. He has previously held content and editorial roles at Yahoo, Microsoft, IDG and the BBC.

More blog posts by Owen Linderholm