Alternative payments fuelling Australian e-commerce
E-commerce sales in Australia registered sustained growth over the last few years supported by availability of secure online payment tools, increasing number of online shoppers, and proliferation of online merchants and payment tools. Against this backdrop, alternative payment methods such as mobile and digital wallets are set to account for 34.1% of the payments made […]
BPFI data shows increase in payment fraud in ireland
Fraudsters stole nearly €85 million (€84.6m) through frauds and scams in Ireland during 2022, an increase of 8.8% on 2021, according to a detailed report published by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI). The FraudSMART Payment Fraud Report H2 2022 outlines how card fraud accounted for over 95% […]
Top global payment companies generated $228bn in 2022
The global payments industry witnessed an exceptional 2022, despite the challenges posed by expansionary monetary policy, geopolitical uncertainties, pandemic-related supply chain disruptions, and a macroeconomic environment with heightened inflation and increased energy costs. That’s according to GlobalData, which says the top 20 public payment companies experienced a 15.5% increase in their top-line performance, reaching a […]