Software-defined infrastructure software pushed past $12bn in 2020

According to the International Data Corporation (IDC) Worldwide Semiannual Software-Defined Infrastructure Tracker, the worldwide software-defined infrastructure (SDI) software market reached $12.17 billion during calendar year 2020, an increase of 5% over the...
SA’s consumer debt surges to R1,9trn

SA’s consumer debt surges to R1,9trn

The rate people defaulted on their loans for the first time increased in the first quarter of the year, according to Experian South Africa’s Consumer Default Index (CDI). The index deteriorated from 4.02 in December last year to a reading of 4.33 in March 2021,...

BNPL consumer spending on track to triple by 2025

Since the start of the pandemic, the buy now, pay later (BNPL) market has experienced exponential growth. According to the research data analysed and published by Definanzas.com, the top BNPL apps in the market have seen the number of their monthly active users (MAUs)...

Digital banking set to hit $2,5trn in transactions

Even before the pandemic, the global digital banking market had been growing rapidly, with millions of people choosing an app or web-based bank over a traditional high-street financial institution. However, Covid-19 had accelerated the shift to digital banking like...

Fintech marketers invest $3bn on user acquisition in 2020

The Covid-19 pandemic directly impacted how consumers interact with financial institutions and how the institutions themselves operate. According to a new AppsFlyer report, The State of Finance App Marketing, fintech apps are in high demand, experiencing a 132% leap...

Pandemic-driven gaming uptake set to continue

There has been a sharp increase in mobile gameplay since the Covid-19 pandemic began. In a global consumer survey that assessed how mobile gaming activity is likely to be affected after the pandemic subsides, 63% of respondents reported an increase in gameplay time,...