Displaying items by tag: banks

The total number of digital banking users globally will exceed 3.6 billion by 2024, up from 2.4 billion in 2020, a 54% increase, with growth driven by the rise of digital-only banks and the ongoing focus on digital transformation by established bank brands, according to a newly published study.

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Global contactless payment transactions values will reach nearly US$6 trillion in 2024, up from $2 trillion in 2020, according to a new report which found that increase will be driven by significant growth in OEM Pay and contactless card transaction values, especially in the US.

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Australian banks are at risk of losing US$3 billion in payments revenue by 2025 due to the growth of digital payments and competition from non-banks, according to a new research report.

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