24 January 2023

Carta Worldwide announces the launch of ‘Carta Worldwide Payments Pulse 2023: Why payment providers need to be purpose-driven’

Written By FinTech Alliance

Carta Worldwide announces the launch of ‘Carta Worldwide Payments Pulse 2023: Why payment providers need to be purpose-driven’

Carta Worldwide announced the launch of a new study that reveals consumers are increasingly ambivalent toward their payments providers because they are failing to meet their needs in the economic downturn

In Brief: 

- Consumers are focused on saving for the future, paying off debt, and adjusting their outgoings because they can no longer afford their current lifestyle

- Yet payment providers are failing to provide consumers the services they want to better manage their money

- The study is based on an independent survey of 1,000 UK consumers in November 2022 by Censuswide

What does this mean? 

“The payments industry must now focus on fusing trusted and traditional methods with real purpose to meet the changing needs of consumers in the wake of the cost-of-living crisis and recession,” said Richard Wray, Chief Operations Officer at Carta Worldwide. “The research clearly shows that there is an emerging demand for purposeful payments from supporting new financial goals, better insights into spending, and more security. With many providers struggling to meet these demands, those that are able to deliver payments with purpose will be in pole position.”

Read more here

Up Next ...
27 January 2023

Spotlight On: Marijke Koninckx

FinTech remains a male dominated industry, and for women it ...

27 January 2023

Lloyds invests £4m in driving payments app Caura

Lloyds Banking Group has invested in Caura, a motoring app ...

27 January 2023

Stripe sets one-year timetable for IPO decision

Stripe has set a 12-month deadline to decide whether to ...

27 January 2023

HMRC’s Open Banking payments via Ecospend hits £10.5bn

£123m has been processed via HMRC’s mobile app alone

More in FinTech

Lloyds invests £4m in driving payments app Caura

27 January 2023

Lloyds Banking Group has invested in Caura, a motoring app ...

Stripe sets one-year timetable for IPO decision

27 January 2023

Stripe has set a 12-month deadline to decide whether to ...

HMRC’s Open Banking payments via Ecospend hits £10.5bn

27 January 2023

£123m has been processed via HMRC’s mobile app alone

RegTech Salv raises €4m

26 January 2023

This will fuel the European and UK expansion of its ...

White Papers FinTech

FinTech: On the brink of further disruption

13 December 2022

This is a five-part report. After providing an introduction on the total Fintech market, the second...

White Papers FinTech

Edgar, Dunn & Company’s 2023 FinTech and Advanced Payments Report

13 December 2022

Edgar, Dunn & Company (EDC) launched its Fintech and Advanced Payments 2023 report: Enabling the...

White Papers FinTech

Fintech and the Future of Finance Overview

13 December 2022

The ongoing digitization of financial services and money creates opportunities to build more inclusi...

White Papers FinTech

FinTech Wales Releases 2021/22 Annual Report

09 November 2022

FinTech Wales releases 2021/22 annual reportReport reveals that over 1000 jobs have been created in...

FinovateEurope 2023

FinovateEurope 2023

14 March 2023 - 15 March 2023

09:00 AM - 06:00 PM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

Free
The AltFi Festival of Finance 2023

The AltFi Festival of Finance 2023

25 April 2023 - 26 April 2023

09:00 AM - 05:00 PM

etc. Venues, 133 Houndsditch, London, London, EC3A 7AH

Free
FinTech Connect North America

FinTech Connect North America

27 June 2023

09:00 AM - 05:00 PM

Convene Quorum, 1221 Avenue of the Americas, New York, New York, 10022, GB, GB

Free