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FOOTBALLER, FRAN KIRBY, LAUNCHES VISA WOMEN’S WORLD CUP CAMPAIGN, WITH $500K FOR SMALL BUSINESS ‘SUPPORT SQUADS’
- Superstar footballer Fran Kirby shines a spotlight on the importance of support networks in life, in business and on the pitch as part of new Visa campaign
- Female entrepreneurs more than twice as likely to experience business growth if they have a strong support network, with 91% admitting it’s key to achieving goals
- As official partner of the FIFA Women’s World Cup™, Visa will also be awarding women entrepreneurs and small businesses with $500,000 total grant funding throughout the tournament
- Visa has championed women’s football for over 15 years, including being the first worldwide FIFA Women’s Football Partner, and the first standalone sponsor of UEFA Women’s Football
LONDON, July 20, 2023 /PRNewswire/ — Visa, a world leader in digital payments and Exclusive Payments Technology Partner of FIFA Women’s World Cup Australia & New Zealand 2023™, today launches a new campaign with England hero Fran Kirby to celebrate the power of ‘support squads’ helping elite female footballers and entrepreneurs achieve their professional goals, on and off the pitch.
New research commissioned by Visa finds that women small business leaders who have a very strong ‘support squad’ (a group of friends, family or colleagues) are almost twice as likely to report business revenue growth in the last year, than those who say their squad is not strong at all (67% vs 32%).
Just over nine out of 10 (91%) women small business leaders surveyed in the UK say that their support network is key to achieving their professional goals, according to the study, with more than three quarters (78%) saying their business wouldn’t be where it is today without one.
These networks play an incredibly important role, in life, in business and on the pitch, which is why Visa is championing the importance of having a strong, diverse support group while shining a spotlight on Team Visa footballers, small business owners and its own workforce.
England and Team Visa footballer Fran Kirby comments: “My own support network has been instrumental in my journey, celebrating my successes and picking me up during the tough times, such as my current injury. It’s so rewarding to see the women’s game going from strength to strength, and be that powerful platform for promoting gender equality and empowering women and girls to achieve their dreams. That’s why I’m partnering with Visa to put ‘support squads’ at the heart of this celebration of women on the world stage.”
Building a supportive squad
According to the research, trustworthiness (51%), honesty (42%) and positivity (40%) are the three top attributes women business leaders look for when building their ‘support squad’. Diversity of thought was also found to be key, with more than three in four (78%) of women business leaders saying that they value different perspectives and viewpoints when it comes to achieving their professional goals.
Visa has teamed up with renowned business psychologist, Dr Lynda Shaw, who has provided the following advice for women to take when building their squads, and how they can make the most of them to achieve their professional goals:
- Enlist open communicators – to build a support squad based on honesty and positivity, consider how people interact with others. They should not feel threatened by other people’s successes because they recognise their own strengths and weaknesses. They will often be enthusiastic but, at the same time, focused. Their optimism will be realistic and sensibly brave.
- Encourage mutually beneficial goals – an effective support squad shouldn’t need micro-management. Instead, openly discussing the best way to move forward with bumps in the road, and trusting other people’s judgement is more beneficial. Remember also, that intrinsic motivation often trumps extrinsic motivation, so find out what each member of your squad is motivated by and identify how this can support your goals too.
- Embrace diverse opinions – crucial to building a successful support network is ensuring that each member respects and relishes different points of view, and that they will want to learn from one another. Diversity of ideas and thoughts is extremely beneficial to organisations, so it’s wise to support your squad in ways that they get to know one another well.
As the world gears up for what’s anticipated to be the biggest women’s football tournament to date, Visa is inviting countries across the UK and Europe to join its celebration of support networks, focusing on the individuals behind-the-scenes that are helping women reach their full potential.
Supporting women at every stage
Visa’s new Celebrating Squad Goals campaign underscores its commitment to elevating women while driving excellence, equality and inclusion across the whole economy. As part of this, Visa is putting small business owners centre-stage, highlighting the important role they play in powering our economies. Supporting this, Visa will use its sponsorship of the FIFA Women’s World Cup™ Player of the Match Award to recognise women-owned small businesses. The winners will be announced live at the athlete trophy presentation across 64 matches awarded with $500,000 in total grant funding.
Visa was the first FIFA Women’s Football partner and became the first standalone sponsor of UEFA Women’s Football in 2018. Team Visa is proud to be supporting 37 professional female footballers globally, which includes those participating in the tournament, providing them with tools, resources and support. Visa also founded The Second Half, a career development programme, in collaboration with Karen Carney MBE and Kim Little MBE to help female professional players plan for a smooth career transition beyond the football pitch, in the UK and Spain.
Mandy Lamb, Managing Director, UK & Ireland, Visa comments: “When it comes to women’s football, Visa has been in it for the long game, championing women every step of the way – during their playing career and in life afterwards. As our research shows, support networks are really the unsung heroes of the economy and for this reason, we’re urging everyone to join us in putting the individuals that help them thrive in the spotlight.
“We at Visa are determined to grow the sport at all levels, driving acceptance, increasing visibility, and future-proofing the women’s game, and by celebrating squad goals, we hope to elevate their success in business, sport and life.”
For more information about Visa’s sponsorship of FIFA Women’s World Cup Australia & New Zealand 2023™and initiatives helping women to thrive, visit: https://www.visa.co.uk/about-visa/sponsorships-events/fifa-womens-world-cup.html
About Visa’s sponsorship
Visa became the first ever UEFA sponsor dedicated to women’s football in 2018, having supported the women’s game for over 15 years. Its sponsorship of FIFA Women’s World Cup Australia & New Zealand 2023™ is a platform to champion female players and the wider community of supporters to achieve their dreams. Our Team Visa football programme, beginning in 2018, provides female footballers with the tools, resources and support they need to thrive on and off the pitch. Visa is also sponsoring the Player of the Match Award at the FIFA Women’s World CupTM which recognises and celebrates individual excellence throughout the tournament. The Second Half, a career development programme built by Visa in collaboration with former-England International, Karen Carney MBE and former-Scotland International Kim Little MBE, helps support female footballers in Europe, as they consider their careers beyond the football pitch.
About the research
Research commissioned by Visa and conducted by Censuswide with 4,028 women business leaders across Europe, including 1,002 in the UK, who either currently own a small or medium sized business or have a key role in decision-making at small or medium sized business, between 19th June 2023 and 27th June 2023. The data was collected using an online survey in the UK, Portugal, Germany, Italy and Spain.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.co.uk
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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility
- Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague
- Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem
- Škoda Group to explore hydrogen mobility expansion by adopting Hyundai’s hydrogen fuel cell systems and technologies
SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ — Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.
The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.
“Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic,” said Executive Vice President Ramírez. “Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects.”
“We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it’s needed most,” said Petr Novotný, CEO of Škoda Group.
Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic.
Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.
Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.
Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.
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Banking as a Service Market to Reach $22.6 billion, Globally, by 2032 at 19.3% CAGR: Allied Market Research
An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market.
PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Banking as a Service Market by Component (Platform and Service), Type (API-based Bank-as-a-service and Cloud-based Bank-as-a-service) and End User (Banks, FinTech Corporations/NBFC and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032“. According to the report, the “banking as a service market” was valued at $4 billion in 2022, and is projected to reach $22.6 billion by 2032, growing at a CAGR of 19.3% from 2023 to 2032.
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An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. Moreover, continuous technological innovations as well as a rise in internet and mobile penetration are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the increase in cyber-attacks and the high cost of adoption limits the growth of the banking as a service market.
The platform segment held the highest market share in 2022.
By component, the platform segment dominated the market in 2022, this dominance is driven by the increasing demand for integrated banking solutions that allow financial institutions and fintech companies to offer a wide range of banking services through a single, scalable platform. These platforms enable seamless integration of various financial services such as payments, lending, and account management into third-party applications, making them highly valuable in the rapidly evolving digital banking ecosystem. However, the service segment is expected to witness the largest CAGR of 21.4%, this growth is driven by the increasing need for consulting, integration, and support services that help financial institutions and fintech companies effectively implement and manage BaaS platforms. As more businesses adopt digital banking solutions, the demand for specialized services to ensure seamless platform integration, regulatory compliance, and ongoing technical support is rising.
The banks segment held the highest market share in 2022.
By end user, the banks segment accounted for the largest share in 2022. This dominance is due to banks extensive infrastructure and established networks that facilitate international transactions. Their broad range of services, including secure handling of funds, comprehensive financial offerings, and strong regulatory compliance, contribute to their leading position in the banking as a service market. However, the others segment is expected to witness the largest CAGR of 20.4%. In the rapidly evolving Banking-as-a-Service (BaaS) market, several government initiatives and investment firms are poised to witness significant growth. The regulatory frameworks not only foster innovation but also create a conducive environment for BaaS growth. Similarly, investment firms like Accel Partners, Sequoia Capital, and Andreessen Horowitz are heavily investing in fintech and BaaS platforms, fueling their growth and development.
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Regional Insights: The Europe region held the highest market share in 2022.
By region, the banking as a service market was dominated by Europe in 2022. This dominance is largely attributed to the region’s early adoption of open banking regulations, such as the revised payment services directive (PSD2), which has fostered collaboration between traditional banks and fintech companies. Europe’s regulatory environment encourages innovation and competition in financial services, making it a leading market for BaaS platforms.
Key Industry Developments
- In May 2024, Fintech unicorn Zeta launched a digital credit-as-a-service product for its enterprise customers, primarily banks. The product is based on the credit lines on the UPI scheme that the Reserve Bank of India rolled out in September to reduce the cost of financial services and allow users to access pre-approved credit through their UPI-linked accounts.
- In May 2024, AppTech Payments Corp. launched InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high-interest-yielding financial products.
- In September 2023, Konsentus partnered with Brankas to enable financial institutions, central banks, and regulators to accelerate their open finance journeys. The integrated technology solutions will deliver ease of use, security, and cost-efficiency for those setting up or participating in open ecosystems.
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Players: –
- Solaris SE
- Bnkbl Ltd
- Treasury Prime
- Block Inc.
- MatchMove Pay Pte Ltd
- ClearBank Ltd
- Stripe Inc.
- Green Dot Corporation
- Starling Bank
- Banco Bilbao Vizcaya Argentaria
- S.A.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking-as-a-service market analysis from 2022 to 2032 to identify the prevailing banking-as-a-service market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the banking-as-a-service market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global banking-as-a-service market trends, key players, market segments, application areas, and market growth strategies.
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Banking-as-a-Service Market Key Segments:
By Component
- Platform
- Service
By Type
- API-based Bank-as-a-service
- Cloud-based Bank-as-a-service
By End User
- Banks
- FinTech Corporations/NBFC
- Others
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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