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IndstryUpdate

2022. This forms part of Paysafe's ongoing commitment they added. Download the free white paper at www.
to offset its unavoidable carbon emissions as part of its juniperresearch.com/whitepapers/digital-money-transfer-
environmental program, the company stated. Paysafe's remittances-the-instant?.
2020 CarbonNeutral certification was also backdated to
cover 2019. Paysafe worked with carbon neutral experts U.S. unbanked population shrinking
Natural Capital Partners to conduct the independent
assessment and identify suitable sustainability projects Mercator Advisory Group recently found that the efforts
and pledged to offset the impact of its carbon footprint of fintechs and, to a lesser degree, traditional financial
by financing sustainability projects in developing coun- institutions to provide robust banking solutions to the
tries. unbanked population through prepaid cards are helping
individuals to safely store funds, receive deposits quick-
ly, purchase goods, pay bills and get cash at reasonable
RESEARCH costs while reducing the overall population of unbanked
individuals. Review and analysis of related research data
Digital money transfers to are found in Mercator's report titled The U.S. Unbanked
rise to $3.4 trillion Issue is Improving; Are You Part of the Solution?
Juniper Research reported that digital domestic money U.S. Payments Forum studies tokenization
transfer transaction values will rise from $2 trillion in The U.S. Payments Forum released a resource that pro-
2020 to $3.4 trillion in 2025, driven by growth of mobile vides an overview of card-on-file tokenization solution
money transfers. Mobile transactions will represent an options and stakeholder considerations for each, includ-
89 percent share of total transaction value by 2025, with ing debit routing. The solution configurations discuss
drivers of volume growth being P2P payment apps in the steps followed for provisioning and transaction pro-
developed markets and mobile money in emerging mar- cessing, the technical implementation, and debit rout-
kets, researchers noted. To compete in a congested mar- ing support. The white paper, Card-on-File Tokenization
ket, mobile money transfer apps must leverage instant Considerations, Including Debit Routing, is available
payment capabilities to ensure the best user experience,

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