The concept of embedded finance isn't new, but the modern form of the distribution model is emerging as a global payments force.
With inflation affecting nearly every aspect of a small business's operation, good news on the fintech front in JD Power's annual merchant services survey can't help but suggest a bright future for payments technology.
More consumers prefer digital payments, a trend accelerated by the pandemic, results of a new survey from payments gateway Onbe reveal. The rates of online shopping, mobile wallet usage, apps and P2P payments have also risen.
Barte aims to scale its operations with the bolstered cash, launching a new credit product later this year.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.
Apple Pay goes live in Mexico as issuer-processor Paymentology partners with Fondeadora to expand payments in the North American country.
Account to Account payments, or A2A, are gradually making inroads in Latin America. Credit cards dominate the market, but that could change.
Two key takeaways from a state of banking report should further encourage fintechs and small businesses about future opportunities for growth.