Digital currency

e-Commerce Payments Market 2020-2025: COVID-19 Pandemic Rapidly Accelerating Growth

Friday, May 22, 2020 - 10:30pm

Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ Billion) for the Years 2017, 2019 & 2022

Key Points: 
  • Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ Billion) for the Years 2017, 2019 & 2022
    As the World Moves to a Cashless Society, e-Commerce Payments Stands at the Verge of Irrevocable Change
    As Global Non-Cash Transactions Spirals, Ecommerce Payments Market is Poised for Heady Opportunities Ahead: Global Number of Cashless Transactions (In Billion) by Geographic Region for the Years 2015, 2017, 2019, 2021
    Growing Base of Internet Users Worldwide as Evidenced by Growing Penetration Rates Provides the Platform for the Rise of Online Shopping & Electronic Payments: Global Internet User Penetration for the Years 2017, 2019, 2022 and 2024
    Expanding Base of Smartphone Users to Over 38% of the Global Population Bodes Well for Online Shopping & Adoption of Mobile Payments Apps: Global Number of Smartphone Users for the Years 2016 through 2020
    Growing Global Efforts for Financial Inclusion to Catapult the Popularity and Importance of Digital Payment Platforms: Global Account Ownership by Gender (In %) Breakdown by High Income & Low and Middle Income Economies for the Years 2013, 2015 and 2019
    Blockchain Payments Emerges as a Technology that Knows No Boundaries, Redefining eCommerce & Driving Cross-Border eCommerce
    Spectacular Growth of Blockchain Technology & Its Promising Use in the Field of Digital Currency & Payments to Revolutionize eCommerce: Global Market for Blockchain (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
    Rise of Cryptocurrencies as a Payment Platform for Online Transactions, A Key Trend in the Market
    Growing Awareness of Cryptocurrencies Among Global Internet Users & Rising Ownership Rates Bodes Well for their Rise as Effective Platforms for eCommerce Payments: Ownership of Cryptocurrency (As % of Total Population) by Country for the Year 2019
    Astounding Penetration of Biometrics for Mobile Devices to Push Up the Volume of Online Financial Transactions: Global % Share of Mobile Devices That Utilize Biometrics for Online Transactions for the Years 2017, 2019, 2021 and 2023
    Global % Share of Type of Devices Sold With Biometrics Technology for the Years 2017, 2019 & 2021
    As the Future of eCommerce Becomes Mobile, Mobile Wallet Emerges an Important eCommerce Payment Platform: Adoption of Mobile Wallet (In %) by Region/Country for the Year 2019
    Robust Mobile Commerce Market to Benefit the Growth of Mobile Wallets: Global Mobile Commerce Market (In US$ Billion) for the Years 2016 to 2020
    Well Developed & Continuously Evolving Ecosystem of Mobile Payment Apps, a Key Growth Driver
    Growing Number of App Users Mirror the Well Developed Mobile Payment App Ecosystem their Growing Reach & Visibility Among Consumers: Global Number of Users (In Million) Breakdown by Leading Mobile Payment Platform for the Year 2018

World e-Commerce Payments Market to 2025; Standing at the Verge of Irrevocable Change - ResearchAndMarkets.com

Thursday, May 21, 2020 - 3:06pm

Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ Billion) for the Years 2017, 2019 & 2022

Key Points: 
  • Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ Billion) for the Years 2017, 2019 & 2022
    As the World Moves to a Cashless Society, e-Commerce Payments Stands at the Verge of Irrevocable Change
    As Global Non-Cash Transactions Spirals, Ecommerce Payments Market is Poised for Heady Opportunities Ahead: Global Number of Cashless Transactions (In Billion) by Geographic Region for the Years 2015, 2017, 2019, 2021
    Growing Base of Internet Users Worldwide as Evidenced by Growing Penetration Rates Provides the Platform for the Rise of Online Shopping & Electronic Payments: Global Internet User Penetration for the Years 2017, 2019, 2022 and 2024
    Expanding Base of Smartphone Users to Over 38% of the Global Population Bodes Well for Online Shopping & Adoption of Mobile Payments Apps: Global Number of Smartphone Users for the Years 2016 through 2020
    Growing Global Efforts for Financial Inclusion to Catapult the Popularity and Importance of Digital Payment Platforms: Global Account Ownership by Gender (In %) Breakdown by High Income & Low and Middle Income Economies for the Years 2013, 2015 and 2019
    Blockchain Payments Emerges as a Technology that Knows No Boundaries, Redefining eCommerce & Driving Cross-Border eCommerce
    Spectacular Growth of Blockchain Technology & Its Promising Use in the Field of Digital Currency & Payments to Revolutionize eCommerce: Global Market for Blockchain (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
    Rise of Cryptocurrencies as a Payment Platform for Online Transactions, A Key Trend in the Market
    Growing Awareness of Cryptocurrencies Among Global Internet Users & Rising Ownership Rates Bodes Well for their Rise as Effective Platforms for eCommerce Payments: Ownership of Cryptocurrency (As % of Total Population) by Country for the Year 2019
    Astounding Penetration of Biometrics for Mobile Devices to Push Up the Volume of Online Financial Transactions: Global % Share of Mobile Devices That Utilize Biometrics for Online Transactions for the Years 2017, 2019, 2021 and 2023
    Global % Share of Type of Devices Sold With Biometrics Technology for the Years 2017, 2019 & 2021
    As the Future of eCommerce Becomes Mobile, Mobile Wallet Emerges an Important eCommerce Payment Platform: Adoption of Mobile Wallet (In %) by Region/Country for the Year 2019
    Robust Mobile Commerce Market to Benefit the Growth of Mobile Wallets: Global Mobile Commerce Market (In US$ Billion) for the Years 2016 to 2020
    Well Developed & Continuously Evolving Ecosystem of Mobile Payment Apps, a Key Growth Driver
    Growing Number of App Users Mirror the Well Developed Mobile Payment App Ecosystem their Growing Reach & Visibility Among Consumers: Global Number of Users (In Million) Breakdown by Leading Mobile Payment Platform for the Year 2018

COVID-19 Challenges the Existence of Paper Money: CipherTrace Launches Initiative to Help Central Banks Issue Secure and Private Digital Currencies

Tuesday, May 12, 2020 - 2:00pm

Through this initiative, CipherTrace will provide central banks with customizable mechanisms to enable digital currencies that can be trusted by governments, commercial banks, and consumers.

Key Points: 
  • Through this initiative, CipherTrace will provide central banks with customizable mechanisms to enable digital currencies that can be trusted by governments, commercial banks, and consumers.
  • Central banks must digitize their currencies to avoid virus contamination, reduce fraud, detect tax evasion, and protect against money laundering while managing inflation and competing against the digital currencies of privately issued stablecoins and other sovereign nation digital currencies."
  • The rise of company-issued stablecoins and government-backed digital currencies like China's digital yuan has created a sense of urgency among many nations to develop their own CBDCs.
  • CipherTrace predicts that most central banks will provide a digital currency to their citizens in the next 5 years.

COVID-19 Impact on Internet of Things (IoT) Market - Exclusive Report by MarketsandMarkets™

Wednesday, April 22, 2020 - 4:30pm

Over the years, organizations have enhanced the level of innovation, and with the outbreak of COVID-19, a majority of operations have been compromised.

Key Points: 
  • Over the years, organizations have enhanced the level of innovation, and with the outbreak of COVID-19, a majority of operations have been compromised.
  • The IoT technology assists in getting payments streamlined as these online transactions can be monitored and managed electronically.
  • Although cash is quickly becoming a thing of the past, some traditional generations still resist the use of digital currency.
  • These factory shutdowns would delay the immediate implementation of IoT solutions, thus, adversely affecting the Indian manufacturing market.

COVID-19 Impact on Internet of Things (IoT) Market - Exclusive Report by MarketsandMarkets™

Wednesday, April 22, 2020 - 4:30pm

Over the years, organizations have enhanced the level of innovation, and with the outbreak of COVID-19, a majority of operations have been compromised.

Key Points: 
  • Over the years, organizations have enhanced the level of innovation, and with the outbreak of COVID-19, a majority of operations have been compromised.
  • The IoT technology assists in getting payments streamlined as these online transactions can be monitored and managed electronically.
  • Although cash is quickly becoming a thing of the past, some traditional generations still resist the use of digital currency.
  • These factory shutdowns would delay the immediate implementation of IoT solutions, thus, adversely affecting the Indian manufacturing market.

UnionPay International Launches its Content and Service Platform to Build "Pay+" Digital Ecosystem

Wednesday, April 22, 2020 - 4:50am

SHANGHAI, April 22, 2020 /PRNewswire/ -- UnionPay International (UPI) has launched a new Content & Service Platform (UCSP), establishing a "Pay+" digital ecosystem in partnership with global financial institutions and industry service providers.

Key Points: 
  • SHANGHAI, April 22, 2020 /PRNewswire/ -- UnionPay International (UPI) has launched a new Content & Service Platform (UCSP), establishing a "Pay+" digital ecosystem in partnership with global financial institutions and industry service providers.
  • To strengthen this, UPI has expedited the launch of its Content & Service Platform to providea fast, convenient and secure cashless payment solution for 62 digital wallets developed or upgraded to UnionPay standards in 13 countries and territories.
  • The UPI Content & Service Platform aims to offer a comprehensive range of technical resources for the evolving mobile payment and lifestyle landscape outside mainland China.
  • In recent years, UnionPay International has accelerated the construction and update of its technical platforms, strengthening its digital mobile payment service capabilities for its partners.

UnionPay International Launches its Content and Service Platform to Build "Pay+" Digital Ecosystem

Wednesday, April 22, 2020 - 4:37am

SHANGHAI, April 21, 2020 /PRNewswire/ -- UnionPay International (UPI) has launched a new Content & Service Platform (UCSP), establishing a "Pay+" digital ecosystem in partnership with global financial institutions and industry service providers.

Key Points: 
  • SHANGHAI, April 21, 2020 /PRNewswire/ -- UnionPay International (UPI) has launched a new Content & Service Platform (UCSP), establishing a "Pay+" digital ecosystem in partnership with global financial institutions and industry service providers.
  • To strengthen this, UPI has expedited the launch of its Content & Service Platform to providea fast, convenient and secure cashless payment solution for 62 digital wallets developed or upgraded to UnionPay standards in 13 countries and territories.
  • The UPI Content & Service Platform aims to offer a comprehensive range of technical resources for the evolving mobile payment and lifestyle landscape outside mainland China.
  • In recent years, UnionPay International has accelerated the construction and update of its technical platforms, strengthening its digital mobile payment service capabilities for its partners.

Artificial Intelligence and Digital Currency Information Platform, Omnia Markets, Inc., Welcomes Chris Danusiar to Their Advisory Board

Tuesday, April 21, 2020 - 3:00pm

He led the build and delivery of the world's first truly global digital Audit platform, and emerging technology startups.

Key Points: 
  • He led the build and delivery of the world's first truly global digital Audit platform, and emerging technology startups.
  • Consumers will gain insights into the digital currency industry and trends, with a higher level of information to best understand the ever-growing market.
  • Omnia Markets, Inc. is a decentralized artificial intelligence platform based on blockchain technology collecting, aggregating and filtering information the digital currency industry.
  • Omnia provides the highest standards and proprietary analytical tools for investors and consumers to use when evaluating various digital currencies.

CannaTrac® Opens Retailer Applications for Cashless Payment Solution CannaCard® in Several U.S. States

Tuesday, April 21, 2020 - 2:00pm

CHICAGO, IL, April 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CannaTrac Technology, Inc. (CannaTrac or the Company), the leading cashless payment solution for the cannabis and hemp industries, announced today that the Company is accepting applications for retailers looking to adopt the CannaCard cashless payment system in Illinois, California, Florida and Ohio.

Key Points: 
  • CHICAGO, IL, April 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CannaTrac Technology, Inc. (CannaTrac or the Company), the leading cashless payment solution for the cannabis and hemp industries, announced today that the Company is accepting applications for retailers looking to adopt the CannaCard cashless payment system in Illinois, California, Florida and Ohio.
  • We are thrilled to be accepting applications from retailers and dispensaries looking to adopt the CannaCard cashless payment platform in California, Illinois, Florida and Ohio, said CannaTrac Vice Chairman and CEO Thomas Gavin IV.
  • CannaCard applications serve a dual purpose by allowing cannabis businesses to apply for both acceptance into the cashless payment software system and a hard-to-come-by bank account with one form.
  • CannaTrac created the CannaCard to provide consumers and retailers with a convenient way to benefit from increased safety and convenience through cashless purchases within the legal cannabis industry.

NYC DOT Announces New Effort To Encourage Contactless Payments For City Parking Meters

Tuesday, April 21, 2020 - 11:00am

NEW YORK, April 21, 2020 /PRNewswire/ --Today, the New York City Department of Transportation (DOT) announced a new effort to discourage cash payments at the City's parking meters and encourage contactless parking payment by smartphone.

Key Points: 
  • NEW YORK, April 21, 2020 /PRNewswire/ --Today, the New York City Department of Transportation (DOT) announced a new effort to discourage cash payments at the City's parking meters and encourage contactless parking payment by smartphone.
  • "DOT is asking all New Yorkers who can to switch to Pay-By-Cell, which will reduce the need for physical cash transactions at our 14,000 parking meters.
  • "Please help us reduce the need to physically service parking meters and collect, sanitize and securely store cash during this crisis."
  • New York City's parking meters remain in effect to encourage curb turnover, which supports deliveries and essential businesses such as grocery stores, pharmacies and medical providers.