$ Transfers and Digital Payments

Emerging P2P, B2B, B2P, C2B, A2A, Fintech, crossborder money transfer platforms e.g., Western Union, WorldRemit, domestic money transfer platforms, e.g., Zelle. Also included is content related to Central Bank Digital Currency (CBDC).

BEST MONEY TRANSFER APPS

This is a link to Investopedia’s review of the best money transfer apps in 2023. The best money transfer apps collect high app store ratings, help app shoppers shell out money safely, and involve no hidden fees. They also fit consumer-specific needs, such as international payments, social options, digital wallet offerings, and more.

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VOLUME OF ECOMMERCE PAYMENTS BY GLOBAL REGIONS 2019

A slide showing the relative volume in US$ billions of eCommerce, mobile payments, and mobile proximity payments in 20219. Information in global, with a breakout of Asia Pacific, North America, EMEA, and Latin American payments. Source: Walter Kitchenman, Lafferty Research.

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WESTERN UNION DIGITAL EXPANDS IN ASIA: MOBILE APP NOW LIVE IN SINGAPORE

In this press release, Western Union announces the launch of the Western Union mobile app in Singapore, connecting customers to families and loved ones around the world, 24/7. Activation of the app in Singapore has given Western Union a digital trifecta in Asia this year, as Singapore now joins Hong Kong and Malaysia in benefiting from Western Union’s digital acceleration of major regional economic centers across the world.

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A NEW PUSH FOR PUSH PAYMENTS

This white paper by Mastercard explains that as real-time payments increase globally, Card-based push payments (push-to-card) enable participants to send funds directly to consumers and small businesses via their payment card accounts. Receipt of funds via a payment card, typically a debit card linked to a deposit account, makes for a seamless consumer experience,

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