Latest news with #DigitalPayment
Associated Press
16-06-2025
- Business
- Associated Press
Ant International Announces Sustainability Framework, Serving 100 mn Merchants to Advance Inclusive Growth in Re-globalisation
SINGAPORE--(BUSINESS WIRE)--Jun 16, 2025-- Ant International, a leading global digital payment, digitisation and financial technology provider, today announced its Sustainability Framework in its first independent Sustainability Report. This press release features multimedia. View the full release here: Ant International announces Sustainability Framework in its Inaugural Sustainability Report A New Chapter of Growth with New Mission and Vision at a Critical Moment 2024 is a transformative year for Ant International, which became independent after a reorganisation of Ant Group. With headquarters in Singapore and over 30 offices around the world, Ant International provides cross-border digital payment, commerce and finance solutions to merchants and financial institutions, connecting 100 million+ merchants to global consumers across its 4 business units: In its new corporate identity, Ant International's mission is tomake it easy to do business anywhere, bringing small and beautiful changes to the world. Its vision is be the most innovative and trusted digital partner to bring inclusive growth to all. The management reiterated that in the face of global economic turbulence, de-globalisation threats, and new risks of digital divide, tech companies need to enhance, not weaken their social commitments with concrete action. 'The call for action on the digital tech community has never been so urgent: we need to take action to ensure innovation works for the many, not the few, so we can build a truly inclusive and sustainable global economy for the next generation,' said Eric Jing, Chairman of Ant International, in his opening message. Yang Peng, Chief Executive Officer, and Douglas Feagin, President of Ant International, said, 'We firmly believe that through our sustainability and business efforts, coupled with practical technological innovation, we can actively practice and promote a new, more inclusive, and broader 're-globalisation'.' 6T Principle Focuses on SMEs for Inclusive Growth and Re-globalising Commerce The Sustainability Framework is anchored on an integration of social value and business value creation across its 6T Sustainability Areas. The Report shared highlights as of 2024 in these areas: Payment: Promoting Global Connectivity with Travel and Trade Beyond Payment: Democratising Technology for SMEs to Thrive In the fast-growing Embedded Finance unit, Collaboration on Trust and Talent to Drive Sustainable Growth Ant International works to build a trust-based and future-ready digital ecosystem in collaboration with regulators, international organisations and over 1,000 financial institutions. The company invests in 2 pillars of Trust: a comprehensive, robust compliance structure, and AI-security capabilities and solutions. The company has started to share its trusted AI capabilities, such as anti-deepfake expertise, with the broader community. Such collaboration expands to other community and global initiatives, ranging from MSME sustainability credentials and financing innovations, to joint research efforts on advancing privacy-enhancing technology to strengthen digital trust. The 10x1000 Tech for Inclusion Programme, now in its 7 th year, has provided training on fintech and digital innovation to 7,157 talents across 110 countries and regions. Earlier at the Point Zero Forum in Zurich in May 2025, global leaders and policymakers joined the soft launch event of Ant International's inaugural Sustainability Report. Chiong Leong, Deputy Managing Director of theMonetary Authority of Singapore (MAS), was the guest of honour and delivered opening remarks at the event. Ms. Nan Li Collins, Chair of the United Nations Sustainable Stock Exchange Initiative, who joined the event as a keynote speaker, resonated with Ant International's commitment to bring equal access and growth opportunities for SMEs through trade. 'While the digital economy is booming, developing countries still face a critical gap in essential infrastructure investment - a challenge we must address to ensure no one is left behind in the global transition to sustainable growth.' Chen Leiming, Chief Sustainability Officer of Ant International, also commented, 'Sustainability must be inclusive to be effective. At Ant International, by integrating sustainability into how we innovate, operate and grow, we ensure that every business outcome is also a step towards long-term societal progress.' About Ant International With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit View source version on CONTACT: Media enquiries: Martin Mou [email protected] KEYWORD: SINGAPORE SOUTHEAST ASIA ASIA PACIFIC INDUSTRY KEYWORD: SOFTWARE PROFESSIONAL SERVICES BUSINESS FINTECH DATA MANAGEMENT SUSTAINABILITY PAYMENTS ELECTRONIC COMMERCE TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS ENVIRONMENT FINANCE CONSULTING SOURCE: Ant International Copyright Business Wire 2025. PUB: 06/16/2025 01:00 AM/DISC: 06/16/2025 12:58 AM
Yahoo
28-05-2025
- Business
- Yahoo
Digital Payment Industry Report 2025: Market to Hit $32.07 Trillion by 2033 - Government Initiatives Propel Global Shift to Cashless Transactions
Key drivers include enhanced internet penetration, mobile usage, government initiatives, and e-commerce growth. Challenges include cybersecurity threats and tech integration complexities. Digital Payment Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Digital Payment Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to Digital Payment Market is expected to reach US$ 32.07 trillion by 2033 from US$ 10.18 trillion in 2024, with a CAGR of 13.59% from 2025 to 2033. Increases in internet penetration and mobile phone usage, the implementation of various government initiatives and policies, shifting consumer preferences for speed and convenience, the substantial growth of e-commerce, and ongoing global financial inclusion efforts are all contributing to the market's rapid growth. The global digital payment sector has undergone substantial growth over the past decade, spurred by breakthroughs in technology, growing smartphone usage, and a shift toward cashless transactions. Customers can conduct financial transactions through electronic devices, mobile applications, and internet platforms thanks to digital payments. Peer-to-peer (P2P) transfers, contactless payments, online banking, and mobile wallets are just a few of the segments that make up this industry. Because they are quick, easy, and secure, digital payment solutions are becoming more and more common in both developed and emerging economies. The growing e-commerce industry, where digital payments are essential to enabling safe and easy online transactions, is another factor contributing to this programs that promote financial inclusion and lessen the need for cash, governments and financial institutions are aggressively encouraging the adoption of digital payments. The emergence of blockchain technology and digital currencies is further changing the scene by enhancing transaction transparency and creating new avenues for international payments. But there are still issues including privacy issues, cybersecurity risks, and legal restrictions. With major firms like PayPal, Visa, and Mastercard as well as more recent arrivals like Apple Pay and Google Pay pushing the envelope of innovation, the digital payment sector is still expanding quickly in spite of these challenges. In the upcoming years, the market is anticipated to continue developing and growing as more customers and companies adopt cashless Drivers for the Digital Payment Market Introduction of various government projects and policiesThe environment surrounding digital payments is being significantly shaped by government policies and initiatives. Several governments across the globe are realizing the benefits of digital payments in terms of economic efficiency, transparency, and financial inclusion. They are also initiating programs to stimulate the adoption of digital payment methods by developing supportive regulatory frameworks and infrastructure, which give incentives for both users and digital payment businesses. Governments are also digitizing their own payment systems for subsidies and services, which is supporting the market's expansion. These policies not only directly increase the volume of digital transactions but also build public trust in digital payment preferences for speed and convenience are evolvingThe market is expanding due in large part to the increased consumer preference for speed and ease of transactions. Because digital payments eliminate the need for in-person bank visits and line waiting, they are ideal for meeting the changing needs of consumers due to their instant processing and accessibility. Additionally, digital payment platforms typically offer other functionalities, such as easy tracking of spending, rapid notifications, and interaction with budgeting software, which add to their appeal. Additionally, a lot of service providers are creating user-friendly interfaces, which is pushing digital payment options even among less tech-savvy customers. Furthermore, e-commerce's explosive rise is driving market expansion since it necessitates smooth online payments to enhance the whole shopping internet penetration and mobile phone usageGlobally, mobile phone usage and growing internet connectivity are key factors propelling the market's expansion. The widespread proliferation of mobile phones has led to the development of a multitude of payment applications and mobile wallets, making digital payments a convenient option for a wide range of transactions. In addition, the market is expanding because to the convenience that mobile phones offer, which has prompted small enterprises and individual consumers to embrace digital payment options. Furthermore, the integration of payment systems with social media platforms and other widely used apps, which further streamlined the process, making digital transactions a part of everyday online interactions, is supporting the market in the Digital Payment Market Cybersecurity and Fraud RisksThe growing use of digital payments presents serious concerns due to the increased danger of fraud, data breaches, and cyberattacks. Payment systems can be the target of hackers who want to steal private client data, which can cost service providers money and harm their reputation. Businesses and financial institutions place a high premium on transaction security and the protection of financial and personal information. The broad adoption of digital payment systems might be hampered by fraudulent activities including identity theft and payment fraud, which can erode consumer confidence. To reduce these risks and guarantee safe transactions for clients, service providers must consistently invest in multi-factor authentication, enhanced encryption, and other cybersecurity measures. It is still crucial to maintain strong security procedures as the market IntegrationFor companies, especially small and medium-sized firms (SMEs), integrating digital payment systems with legacy infrastructure is a major difficulty. Many SMEs use antiquated, conventional payment processing methods that might not work with contemporary digital alternatives. Upgrading to new payment systems frequently entails high expenses for maintenance, training, and software and hardware changes. Businesses with minimal resources may be discouraged from implementing digital payment solutions due to these costs. Furthermore, it takes technical know-how and careful planning to integrate new technology with current platforms in a seamless manner, which can be a challenge for smaller companies without dedicated IT departments. Therefore, the adoption of digital payment systems may be slowed by the expense and complexity of technological integration. Key Players Analyzed: Overview, Key Persons, Recent Development & Strategies, Product Portfolio, Financial Insights ACI Worldwide Inc. Aliant Payment Systems Inc. Inc. American Express Company Apple Inc. Fiserv Inc. Mastercard Incorporated Novetti Group Limited Paypal Holdings Inc. Visa Inc. Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $10.18 Trillion Forecasted Market Value (USD) by 2033 $32.07 Trillion Compound Annual Growth Rate 13.5% Regions Covered Global Key Topics Covered: 1. Introduction2. Research Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global Digital Payment Market6. Market Share6.1 Type6.2 Offering6.3 End Use6.4 Country7. Type7.1 Digital Commerce7.2 Digital Remittances7.3 Mobile POS Payments8. Offering8.1 Cards8.2 ACH Transfer8.3 Digital Wallet8.4 Other Payment Modes9. End User9.1 BFSI9.2 Retail & e-Commerce9.3 Transportation & Logistics9.4 Healthcare9.5 Telecom & IT9.6 Media & Entertainment9.7 Others10. Country10.1 North America10.1.1 United States10.1.2 Canada10.2 Europe10.2.1 France10.2.2 Germany10.2.3 Italy10.2.4 Spain10.2.5 United Kingdom10.2.6 Belgium10.2.7 Netherlands10.2.8 Turkey10.3 Asia-Pacific10.3.1 China10.3.2 Japan10.3.3 India10.3.4 Australia10.3.5 South Korea10.3.6 Thailand10.3.7 Malaysia10.3.8 Indonesia10.3.9 New Zealand10.4 Latin America10.4.1 Brazil10.4.2 Mexico10.4.3 Argentina10.5 Middle East & Africa10.5.1 South Africa10.5.2 Saudi Arabia10.5.3 UAE11. Porter's Five Analysis11.1 Bargaining Power of Buyers11.2 Bargaining Power of Suppliers11.3 Degree of Rivalry11.4 Threat of New Entrants11.5 Threat of Substitutes12. SWOT Analysis12.1 Strength12.2 Weakness12.3 Opportunity12.4 Threat13. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Digital Payment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Digital Payment Industry Report 2025: Market to Hit $32.07 Trillion by 2033 - Government Initiatives Propel Global Shift to Cashless Transactions
Key drivers include enhanced internet penetration, mobile usage, government initiatives, and e-commerce growth. Challenges include cybersecurity threats and tech integration complexities. Digital Payment Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Digital Payment Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to Digital Payment Market is expected to reach US$ 32.07 trillion by 2033 from US$ 10.18 trillion in 2024, with a CAGR of 13.59% from 2025 to 2033. Increases in internet penetration and mobile phone usage, the implementation of various government initiatives and policies, shifting consumer preferences for speed and convenience, the substantial growth of e-commerce, and ongoing global financial inclusion efforts are all contributing to the market's rapid growth. The global digital payment sector has undergone substantial growth over the past decade, spurred by breakthroughs in technology, growing smartphone usage, and a shift toward cashless transactions. Customers can conduct financial transactions through electronic devices, mobile applications, and internet platforms thanks to digital payments. Peer-to-peer (P2P) transfers, contactless payments, online banking, and mobile wallets are just a few of the segments that make up this industry. Because they are quick, easy, and secure, digital payment solutions are becoming more and more common in both developed and emerging economies. The growing e-commerce industry, where digital payments are essential to enabling safe and easy online transactions, is another factor contributing to this programs that promote financial inclusion and lessen the need for cash, governments and financial institutions are aggressively encouraging the adoption of digital payments. The emergence of blockchain technology and digital currencies is further changing the scene by enhancing transaction transparency and creating new avenues for international payments. But there are still issues including privacy issues, cybersecurity risks, and legal restrictions. With major firms like PayPal, Visa, and Mastercard as well as more recent arrivals like Apple Pay and Google Pay pushing the envelope of innovation, the digital payment sector is still expanding quickly in spite of these challenges. In the upcoming years, the market is anticipated to continue developing and growing as more customers and companies adopt cashless Drivers for the Digital Payment Market Introduction of various government projects and policiesThe environment surrounding digital payments is being significantly shaped by government policies and initiatives. Several governments across the globe are realizing the benefits of digital payments in terms of economic efficiency, transparency, and financial inclusion. They are also initiating programs to stimulate the adoption of digital payment methods by developing supportive regulatory frameworks and infrastructure, which give incentives for both users and digital payment businesses. Governments are also digitizing their own payment systems for subsidies and services, which is supporting the market's expansion. These policies not only directly increase the volume of digital transactions but also build public trust in digital payment preferences for speed and convenience are evolvingThe market is expanding due in large part to the increased consumer preference for speed and ease of transactions. Because digital payments eliminate the need for in-person bank visits and line waiting, they are ideal for meeting the changing needs of consumers due to their instant processing and accessibility. Additionally, digital payment platforms typically offer other functionalities, such as easy tracking of spending, rapid notifications, and interaction with budgeting software, which add to their appeal. Additionally, a lot of service providers are creating user-friendly interfaces, which is pushing digital payment options even among less tech-savvy customers. Furthermore, e-commerce's explosive rise is driving market expansion since it necessitates smooth online payments to enhance the whole shopping internet penetration and mobile phone usageGlobally, mobile phone usage and growing internet connectivity are key factors propelling the market's expansion. The widespread proliferation of mobile phones has led to the development of a multitude of payment applications and mobile wallets, making digital payments a convenient option for a wide range of transactions. In addition, the market is expanding because to the convenience that mobile phones offer, which has prompted small enterprises and individual consumers to embrace digital payment options. Furthermore, the integration of payment systems with social media platforms and other widely used apps, which further streamlined the process, making digital transactions a part of everyday online interactions, is supporting the market in the Digital Payment Market Cybersecurity and Fraud RisksThe growing use of digital payments presents serious concerns due to the increased danger of fraud, data breaches, and cyberattacks. Payment systems can be the target of hackers who want to steal private client data, which can cost service providers money and harm their reputation. Businesses and financial institutions place a high premium on transaction security and the protection of financial and personal information. The broad adoption of digital payment systems might be hampered by fraudulent activities including identity theft and payment fraud, which can erode consumer confidence. To reduce these risks and guarantee safe transactions for clients, service providers must consistently invest in multi-factor authentication, enhanced encryption, and other cybersecurity measures. It is still crucial to maintain strong security procedures as the market IntegrationFor companies, especially small and medium-sized firms (SMEs), integrating digital payment systems with legacy infrastructure is a major difficulty. Many SMEs use antiquated, conventional payment processing methods that might not work with contemporary digital alternatives. Upgrading to new payment systems frequently entails high expenses for maintenance, training, and software and hardware changes. Businesses with minimal resources may be discouraged from implementing digital payment solutions due to these costs. Furthermore, it takes technical know-how and careful planning to integrate new technology with current platforms in a seamless manner, which can be a challenge for smaller companies without dedicated IT departments. Therefore, the adoption of digital payment systems may be slowed by the expense and complexity of technological integration. Key Players Analyzed: Overview, Key Persons, Recent Development & Strategies, Product Portfolio, Financial Insights ACI Worldwide Inc. Aliant Payment Systems Inc. Inc. American Express Company Apple Inc. Fiserv Inc. Mastercard Incorporated Novetti Group Limited Paypal Holdings Inc. Visa Inc. Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $10.18 Trillion Forecasted Market Value (USD) by 2033 $32.07 Trillion Compound Annual Growth Rate 13.5% Regions Covered Global Key Topics Covered: 1. Introduction2. Research Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global Digital Payment Market6. Market Share6.1 Type6.2 Offering6.3 End Use6.4 Country7. Type7.1 Digital Commerce7.2 Digital Remittances7.3 Mobile POS Payments8. Offering8.1 Cards8.2 ACH Transfer8.3 Digital Wallet8.4 Other Payment Modes9. End User9.1 BFSI9.2 Retail & e-Commerce9.3 Transportation & Logistics9.4 Healthcare9.5 Telecom & IT9.6 Media & Entertainment9.7 Others10. Country10.1 North America10.1.1 United States10.1.2 Canada10.2 Europe10.2.1 France10.2.2 Germany10.2.3 Italy10.2.4 Spain10.2.5 United Kingdom10.2.6 Belgium10.2.7 Netherlands10.2.8 Turkey10.3 Asia-Pacific10.3.1 China10.3.2 Japan10.3.3 India10.3.4 Australia10.3.5 South Korea10.3.6 Thailand10.3.7 Malaysia10.3.8 Indonesia10.3.9 New Zealand10.4 Latin America10.4.1 Brazil10.4.2 Mexico10.4.3 Argentina10.5 Middle East & Africa10.5.1 South Africa10.5.2 Saudi Arabia10.5.3 UAE11. Porter's Five Analysis11.1 Bargaining Power of Buyers11.2 Bargaining Power of Suppliers11.3 Degree of Rivalry11.4 Threat of New Entrants11.5 Threat of Substitutes12. SWOT Analysis12.1 Strength12.2 Weakness12.3 Opportunity12.4 Threat13. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Digital Payment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
