Enabling offline payments in an online world

September 15, 2022

There have been numerous examples of how payments digitalization has transformed society in recent years, whether it be the surge in mobile money usage in sub-Saharan Africa, the stunning success of real-time payments in markets such as Brazil, India, and Thailand, or the increased adoption of contactless payment methods following the COVID-19 pandemic. According to the World Bank, roughly two-thirds of the population now make and receive digital payments, with the share of adults in developing economies increasing from 35 percent in 2014 to 57 percent in 2021. This shift has not only led to reduced cash usage and the availability of more convenient payment options but also to much needed improvements in financial inclusion and digital access for underserved populations.

Spotlight

Pulaski Bank

From outstanding product offerings to committed, service-driven associates—First Busey Corporation (NASDAQ: BUSE) is the premier provider of financial services. Busey is a $5.6 billion diversified financial holding company for Busey Bank, Pulaski Bank and Busey Wealth Management in Champaign, Illinois; FirsTech, Inc. in Decatur.

OTHER WHITEPAPERS

Reimagining the Future of Finance

whitePaper | May 10, 2023

Fintech” is a word that’s barely a generation old. But in that nanosecond of historical time, this amalgam of “finance” and “technology” or, more specifically, the array of products and services that fintech companies have brought to life—has had an impact on the daily lives of billions of people.

Collections best practices for fintech lenders

whitePaper | May 12, 2022

Over the past couple of years, our Collections practice at 2nd Order Solutions has expanded to not just include large banks and credit card issuers, but an increasing number of fintechs, both in the US and abroad. The fintech sector has grown tremendously over the last 2-3 years, and as their customer bases have grown larger, there is an increasing mandate to focus on default management, especially with delinquencies beginning to rise. This paper highlights emerging trends and recommends immediate focus areas for fintech leaders to quickly strengthen Collections practices.

The Future of Fintech

whitePaper | October 1, 2022

Some of the best innovations come from recognizing pain points and having the resolve to alleviate them. The scope of fintech became visible over a decade ago, when the success of mobile money brought into sharp focus the potential inherent in the combination of finance and technology – with innovation and empathy.

test tag fun

whitePaper | October 6, 2020

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How to Build Financial Resilience Through AR Intelligence

whitePaper | June 12, 2023

Cash flow visibility is crucial in turbulent economic times because financial situations and market conditions can turn on a dime. But most AR, credit collections, and credit risk teams don’t have the visibility they need to quickly identify cash flow trends and effectively manage working capital. Many teams are sitting on mountains of data they can’t use.

Now is the time to invest in PE

whitePaper | June 21, 2022

Data from various providers and academics analysing private equity returns show, that PE outperforms public markets throughout the business cycle, and Internal Rates of Return (IRR) pick up following recessions, as most recently observed following the 2000-1 Dotcom Bust and the 2007-8 Global Financial Crisis (GFC).

Core Banking, Payments

Enabling offline payments in an online world