FINTECH

The global digital payments market is on an upward course, with a projected revenue of $14.79 trillion by 2027. Impressive, right? Also, an impressive two-thirds of adults across the globe are now embracing digital payments, with a striking 89% utilization rate in the United States.

As clients and businesses increasingly embrace the convenience, security, and efficiency of digital payments, the …

Mobile app development is a vivid example of a promising but demanding market. Stats reveal that the number of mobile app downloads has reached 257 billion and is increasing, while annual mobile app spending also shows a positive trend. 

However, do you pay attention to how many users abandon mobile apps by deleting them? Such statistics are no less impressive. At the end of 2023, the Android app …

Usage of online payment methods is on the rise. Back in 2023, the number of cashless transactions worldwide amounted to 1.335 billion. This number reflects the positive tendency among consumers to pay for goods, products, and services online. 

Such a vast number of payments and, respectively, orders to be processed by businesses makes it necessary to have a system for handling transactional, …

Back in 2020, The European Commission aimed to improve the way payment processing is handled in Europe. They introduced two directives (legal acts): one about Electronic money and the other about Payment Services. These directives, or ‘rules,’ changed electronic payment competition, especially with the rise of online shopping and digital money.

In this post, you’ll discover what Electronic …

In 2023, Revolut surpassed 30 million retail customers worldwide and now makes more than 400 million domestic and international transactions combined every month. While seemingly large this number is, the global neobanking market is expected to grow at a compound annual growth rate (CAGR) of 54.8% from 2023 to 2030. It proves that the neobanking market is far from being saturated, while more and …

According to recent data from Global Market Estimates, the global green fintech market is expected to increase by 22.4% annually from 2024 to 2029. A mix of technology and finance, which is called green fintech, helps the planet and promotes sustainability.

Before we explore this topic, let me introduce myself. I’m a software engineer with six years of experience. I lead the Node.js …

Payment processing is integral to the entire business operation. Over the last few years, businesses worldwide have lost over $33.4 billion due to financial fraud. With the increase in the number of fraud methods and cases, it’s becoming more and more important to secure funds and sensitive billing details from being stolen. 

In this post, you’ll discover fundamental aspects of tokenization, learn …

More than 5 billion people engage with mobile apps daily. Thus, if your fintech app isn’t generating revenue now, it might be time to reassess your strategy and explore ways to enhance its performance to monetize app.

Financial apps are consistently in demand. They provide essential services for tasks like money transfers, expense tracking, and online loan applications, all from the comfort …

Product discovery is an initial phase that precedes the project’s development stage. During product discovery, the product team delves into the market, identifies potential problems, and explores their solutions. Failing to undertake thorough discovery puts the team at risk of creating a product that can’t function properly, disappointing clients, wasting time and resources, and …

Everyone would love to have higher user retention rates for digital products. Within one month of downloading a mobile app, retention rates are only about 40%, and by month three, they drop to around 30%.

To keep high indicators, you need to create a product that offers real value with ease. This approach will help you retain loyal users and earn long-term subscriptions, renewals, and referrals. …

We’ve already talked about customer-centric approach and how you can leverage it to gain a sharper competitive edge and attract loyal customers. So, now in this article I will be shedding some light on how to ensure customer-centricity in software products.

First, we’ll speak of customer centricity practices and how to ensure accessibility and inclusivity of your software for all customers. Then, …

According to Statista, gross consumer mobile app expenditure reached 170 billion USD in 2021, up from 143 billion USD in 2020. The COVID-19 epidemic had a significant influence on consumer app store purchases since it forced individuals to spend more time at home and move to digital channels for many ordinary activities.

Unquestionably, the mobile app sector is one of the most rapidly developing …

The financial services industry is continuously undergoing dramatic changes in response to regulatory updates, emerging technologies, and operating models. The boom of banking-as-a-service, with its innovative approach to delivering banking products, is a case in point. The PaaS (payment as a service) fintech platform providers enable their partners — which may include insurers, fintech, telecoms, …

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