Bright Spots In Retail, eCommerce And International Banking

Simon Properties keeps defying the odds, registering a pandemic-depleted yet profitable Q3. The mall and outlet center real estate investment trust posted a profit even without filling all of its space or collecting all of its rents. In cross-border payments, a number of features can go a long way toward helping digital product merchants bolster their conversion rates in other countries. And in smarter payments, financial institutions (FIs) and FinTechs are innovating to provide more compelling cross-border and international banking offerings. All this, Today in Data.

Data:

$145.9M: Net income Simon Properties posted in Q3.

91.4%: Occupancy rate of Simon Properties’ U.S. malls and premium outlets as of Sept. 30.

57%: Share of European digital product eTailers employing IP recognition.

10.9%: Average remittance fee that banks charged in Q3 2020.

1B: Number of consumers worldwide who send and receive remittances.