Connect with us

Technology

EBANX reports Pix, account-based transfers, and debit cards as the fastest-growing payment methods in emerging markets

Published

on

With annual growth up to 35%, these real-time payments are driving the expansion of digital commerce across rising economies, according to EBANX’s Beyond Borders 2025 study

CURITIBA, Brazil, Jan. 29, 2025 /PRNewswire/ — Surging consumer demand for real-time, seamless, and cost-effective transactions has catapulted Pix, other account-based transfers, and debit cards to record adoption rates, establishing them as the fastest-growing payment methods for online purchases in emerging markets. Pix, Brazil’s instant payment system, leads with projected growth of 35% per year by 2027, followed by other account-to-account transactions, expected to accelerate by 28% annually. Next, are debit cards, expanding at a 24% pace per year by 2027, completing the group of game-changer payment methods, that hold a large share of online sales and still, maintain high growth rates.

The projections, from Payments and Commerce Market Intelligence (PCMI), are featured in the new edition of Beyond Borders, EBANX’s annual comprehensive study on the digital market and payment trends in emerging economies. The business intelligence report offers an in-depth analysis of online consumption patterns in Latin America, Africa, and India – key regions driving the future of the global digital economy. It delivers exclusive projections and insights supported by the latest data and expert perspectives. Click here to access the full Beyond Borders 2025 report for free: http://bit.ly/EBANXBeyondBorders2025.

“Emerging markets are leading the global shift towards real-time payments, with innovations that match their populations’ demands for speed and convenience,” said João Del Valle, CEO and Co-founder of EBANX. “This results from an irreversible trend in the payments industry: the development of solutions completely adapted to local consumer behavior. And our report shows how this is taking place.”

Pix exemplifies this transformation pointed out by Del Valle, with a new feature scheduled to be launched by the Central Bank of Brazil in mid-2025. “Pix Automático has the potential to reshape Brazil’s digital market,” he said. The highly anticipated feature of Pix will enable automated recurring transactions through Brazil’s instant payment system, bringing a whole new customer base to services such as streaming platforms, SaaS, app subscriptions, e-learning, social media, gaming, and more.

Exclusive projections from Beyond Borders indicate that Pix Automático could unlock over USD 30 billion in online recurring payments within two years, a significant volume for a market dominated by credit cards that currently moves USD 50 billion annually in Brazil. The report also estimates that the new feature will account for 12% of all Pix online transactions by 2027.

“When one payment method gains traction, it creates a ripple effect that elevates the entire ecosystem,” said Del Valle. “The rise of Pix is not an isolated phenomenon, and we are also witnessing exponential expansion with other types of account-based transactions.”

EBANX’s new report also dives deep into other successful examples of the payments industry, that are reshaping how people consume online. According to the study, UPI (India), PSE (Colombia), mobile money (Kenya, Nigeria, and other African countries), and digital wallets (across emerging markets) are expected to grow annually by 16% to 20% through 2027.

The power of credit card

While alternative payment methods are gaining ground in rising economies, card issuers have been investing in new features and user experience improvements. These investments not only strengthened the loyalty of existing customers but also attracted a new base of consumers seeking financial solutions more aligned with their digital lifestyle. As a result, credit cards remain the leading payment method in e-commerce in many emerging markets and are expected to continue to grow, at a 13% year rate by 2027.

“Credit cards remain highly relevant for digital commerce. Fintechs and neo-banks have expanded access to credit through innovative solutions aligned with the demands and needs of consumers,” said Del Valle.

Among the innovations highlighted in Beyond Borders are new security features such as account updater (updating card information automatically for seamless transactions), card on file (storing card information for future transactions), and 3DS (a security protocol that verifies the cardholder’s identity).

EBANX’s report also indicates that, in rising markets, credit cards continue to play a dominant role in sectors such as streaming, SaaS, gaming, and travel. They account for 51% to 77% of all e-commerce purchases in these verticals across emerging economies in Latin America, Africa, and Asia. As Beyond Borders points out, credit card transaction volumes are not dropping. With increased digital and financial inclusion in emerging regions, the overall payments market has expanded significantly.

“Digital payments have taken over what was once dominated by cash, and this shift has been driven by Latin America, Africa, and Asia,” Del Valle stated. “There is ample potential for merchants, financial institutions, and other players to benefit from all the payment innovations emerging from rising economies,” he added.

To read EBANX’s Beyond Borders 2025 study, access http://bit.ly/EBANXBeyondBorders2025.

ABOUT EBANX
EBANX is the leading payment platform connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of giving people access to buy in international digital commerce. With powerful proprietary technology and infrastructure, combined with in-depth knowledge of the markets where it operates, EBANX enables global businesses to connect with hundreds of payment methods in different countries in Latin America, Africa, and Asia. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients.

For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx

Media Contact:
Leonardo Stamillo
leo@contentco.tech
Content CO

View original content to download multimedia:https://www.prnewswire.com/news-releases/ebanx-reports-pix-account-based-transfers-and-debit-cards-as-the-fastest-growing-payment-methods-in-emerging-markets-302362813.html

SOURCE EBANX

Continue Reading

Technology

3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

Published

on

By

ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-announces-collaboration-with-gseo-to-advance-expanded-beam-optical-manufacturing-and-development-302913170.html

SOURCE 3M Company

Continue Reading

Technology

Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

Published

on

By

NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

View original content:https://www.prnewswire.com/news-releases/scott-vicknair-personal-injury-lawyers-announces-second-annual-operation-fur-ever-home-pet-adoption-event-at-lafreniere-park-302913183.html

SOURCE Scott Vicknair Personal Injury Lawyers

Continue Reading

Technology

Can we produce low-cost omega-3s without relying on fish?

Published

on

By

GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/can-we-produce-low-cost-omega-3s-without-relying-on-fish-302893631.html

SOURCE Southern Cross University

Continue Reading

Trending