Prepaid payment applications bankcards are on the cusp of break-out into the broader global payments marketplace, according to research from TowerGroup. The findings suggest that this rapidly evolving payment category is in the early stages of a long-term expansion that will impact consumer, business and government use of cash and check payments, according to the firm. TowerGroup noted that the early success of prepaid applications in closed environments like telecom and retail gift cards will lead to a new variety of opportunities over the coming decade. In particular, TowerGroup predicted an uptake where enhanced user convenience and control are key, cash and checks can be displaced, or existing credit and debit card products are a poor fit.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.