Experts project that the global mobile payment market will be worth a whopping $1.16 trillion by 2032. The mobile money market has seen significant advancements over the past decade thanks to technological advancements that have made it possible for hundreds of millions of people worldwide to access virtual payment services.

The S&P 500 Index settled at its first closing high for the year on Thursday, thanks to strong earnings momentum and lingering Fed rate cut hopes

Singapore, Singapore--(Newsfile Corp. - January 23, 2025) - FingerMotion, Inc. (NASDAQFNGR) (the "Company" or "FingerMotion"), a mobile services, data...

Singapore, Singapore--(Newsfile Corp. - January 15, 2025) - FingerMotion, Inc. (NASDAQFNGR) (the "Company" or "FingerMotion"), a mobile services and...

FingerMotion (NASDAQFNGR), posted $8.53 million in revenue for Q3 fiscal 2025, a 39% year-over-year increase driven by its Telecommunications Products & Services division. The SMS & MMS segment saw revenue jump to $44,457, compared to $7,900 in Q3 fiscal 2024, while Big Data revenue was $0, down from $5,584. Gross profit fell 30% to $0.44 million due to a 47% rise in the cost of revenue, but quarterly net loss improved to $1.66 million, a 15% reduction from the prior year. CEO Martin Shen highlighted the company’s strengthened financial position, including a working capital surplus of $9.43 million, and plans to leverage recent financing to advance initiatives in its Command and Communications segment and monetize Big Data partnerships. Full financial details are available on the SEC and company websites.

Demand for big data software is expected to surge in the coming years as more firms leverage big data analytics to improve service delivery and increase efficiency. Recent forecasts show that the global Big Data Processing and Distribution Software market will enjoy a compound annual growth rate (CAGR) of 12.08% between 2024 and 2031.

Singapore, Singapore--(Newsfile Corp. - December 23, 2024) - FingerMotion, Inc. (NASDAQFNGR) (the "Company" or "FingerMotion"), a mobile services and...

Singapore, Singapore--(Newsfile Corp. - December 20, 2024) -  FingerMotion, Inc. (NASDAQFNGR) (the "Company" or "FingerMotion"), a mobile services and...

FingerMotion (NASDAQFNGR), a mobile services and data company, has entered into a definitive securities purchase agreement with institutional investors for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share and warrant. The common warrants are exercisable immediately at $1.50 per share and have a five-year term. Expected to close by Dec. 23, 2024, the offering is anticipated to generate $5.0 million in gross proceeds, to be used for general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering, which will be conducted under a Form S-3 registration statement filed with the SEC.

A growing number of companies across multiple industries are taking advantage of big data personalization to reshape user engagement . While personalization has been around for quite a while, the recent proliferation of big data analytics has made it possible for businesses to analyze extremely large data sets and come up with much more accurate insights.

Mobile payments are becoming increasingly common across most markets thanks to their convenience and ease of use compared to traditional fiat currencies, Euromonitor International senior research analyst Marite Garcia-Araujo says . With millions of consumers worldwide onboarding onto online payment platforms in recent years, mobile payments may even be a legitimate threat to conventional physical currencies in the near future.

Financial institutions are becoming increasingly reliant on big data analytics as the amount of data they collect and analyze balloons each year. Data has always played an important role in the financial services sector by facilitating more informed decision-making, but it has become so immense in variety and volume that it far surpasses a human’s analytical capabilities.

As mobile money has become an increasingly common means of payment over the past several years, one group of individuals has taken to the technology with surprising gusto; the elderly. Typically known for struggling to adapt to new technologies, elderly individuals are taking up mobile money services in increasing numbers.

The recent rise in auto insurance rates could potentially jeopardize the vehicle industry’s transition to battery electric vehicles (BEVs) before it truly begins. Even if electric cars finally become as affordable as internal combustion engine (ICE) vehicles, high insurance premiums could still discourage drivers from replacing their fossil fuel cars with EVs.

A recent market research report from Orbis Research has offered insight into artificial intelligence in the Big Data Analytics and Internet of Things (IoT) market. The new report emphasized the significance, implications, and research methodology of AI for businesses in the two sectors. Furthermore, the report examines current consumer behaviors, market conditions, trends, strategic insights, and competitive landscapes to help stakeholders make informed decisions.

FingerMotion (NASDAQFNGR), a mobile services and data company, has announced its financial results for the second quarter of fiscal 2025 for the period ended Aug. 31, 2024. Among the highlights, the company reported quarterly revenue of $8.46 million (including telecommunications products and services, SMS and MMS business, and command and communication), a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024. “While Q2 2025 presented challenges for our company, we are encouraged by the continued growth in our Cloud business segment,” said Martin Shen, CEO of FingerMotion. “Although our overall gross margin decreased compared to Q2 2024, we saw a positive shift in our product mix, with increased revenue from our higher-margin Cloud services. We are confident in our ability to optimize our product mix and improve our gross margin performance in the future.”

Singapore, Singapore--(Newsfile Corp. - October 16, 2024) - FingerMotion, Inc. (NASDAQFNGR) (the "Company" or "FingerMotion"), a mobile services and...

Industry experts say China’s various mobile payment systems are facilitating higher rates of holiday consumption in the east Asian country. Although mobile money has been around for well over a decade, the technology reached the mainstream within the past couple of years. The coronavirus pandemic was instrumental in increasing the global popularity of these services because it discouraged handling physical cash.

Millennials have faced a series of tough financial challenges for most of their adulthood and are seeking guidance. They were fresh in the job market during the 2008 financial crisis, and as the 2010s drew to a close, the millennials had less property and wealth compared to previous generations at the same age.

Payment network Affirm recently announced that it is integrating with Apple Pay to expand Apple Pay’s payment options. Apple Pay users on both iPad and iPhone can now make scheduled payments, thanks to Affirm’s integration. Furthermore, the payment network can break down qualifying purchases into either biweekly or monthly payments with rates as low as 0% APR.

China’s Ant Group has registered a 300% surge in the number of international travelers using its mobile payment system. The group revealed in a recent announcement that transaction volumes on its mobile payment services involving international travelers increased by six times, indicating the increasing popularity of Ant Group’s mobile payment services among inbound travelers.

In the decade or so since mobile money services appeared on the scene, they have gained a significant role in the global economy. The continued digitization of commerce, particularly with the launch of Amazon and other online marketplaces, made mobile money use among the general public even more common. These services became even more popular during the coronavirus pandemic as online purchases, home deliveries and curbside pickups became the norm.