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Credit cards are a huge market. In the US, they are the dominant payments method, accounting for 31-40% of total with an annual value of USD 5tn. 800m credit cards are in circulation with total debt exceeding USD 1.2 tn, the average cardholder has 3.9 credit cards and USD 6.7k debt. In
Asset classes are groupings of investments with similar characteristics in terms of structure, risk, and reward. By grouping investments, it is easier to understand their absolute and relative returns. There may be no correlation between the asset classes; however, investors may rotate between them based on returns, market conditions, or
To be classified as e-Money, certain characteristics must be fulfilled: What are examples of Electronic Money? Why does Electronic Money Matter? For corporates, e-Money is an alternative to traditional bank accounts and payment rails. e-Money is flexible and able to cover numerous use cases, currencies, and enable real-time transactions. Often cheaper
Interchange fees are the costs applied to a merchant when a customer makes a credit or debit card payment. The fee is collected by the payment acquirer and then apportioned to the card issuer, card network and acquirer. Example of interchange fees? For an EUR 100 card payment the unit economics
According to NASDAQ, USD 3.1tn in illicit flows and money laundering activity flowed through the global financial system in 2023. The most prevalent money laundering crimes were USD 783bn in drug trafficking, USD 347bn in human trafficking and USD 12bn in terrorist financing. Money laundering estimates are the money flowing […]
Core Banking systems are the critical infrastructure used to run Banks, PSPs, and FinTechs. Systems have different capabilities but are generally broad in coverage: multi-tenant, asset-class, currency, and payment-rail. Core systems have strengths in customer management, transaction processing, service charge and interest calculation, general ledger accounting, reporting to regulators