Digital Payments in Emerging Economies
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Biden Stimulus: $1,400 Checks And $20 Billion For Vaccines
Thursday 14th January - 9:02 pm
President-elect Joe Biden will push for a $1.9 trillion COVID-19 relief package, according to The Wall Street Journal (WSJ).
That will come with $1,400 stimulus checks for Americans to add onto ...Pandemic Ripple Effects Extend To Business Events
Thursday 14th January - 5:34 pm
As the pandemic, eventually, moves to the rearview mirror — we might move from post-COVID to an era to be defined as post-convention. It’s no secret that the meetings and events ...NTT DATA Teams With Conferma Pay On Virtual Payments For Lodging
Thursday 14th January - 12:56 pm
NTT DATA Hong Kong Limited (NTT DATA) has teamed with Conferma Pay to bring digital payment communications to hotels, according to an announcement emailed to PYMNTS.
“Partnering with Conferma Pay is a ...Second Unemployment Report Of 2021 Shows Uptick To 965,000
Thursday 14th January - 9:20 am
Initial unemployment claims went up more than expected for the week that ended Jan. 9, the second jobless report of the new year after 2020 rang out with record-high numbers ...Upgrade’s New Debit Rewards Product Takes New Approach To Mobile Banking
Thursday 14th January - 6:01 am
There is no shortage of digital-only banks offering a smoother onboarding process, a slick mobile interface and fee waivers in an effort to tempt consumers to leave their traditional bank.
Which, ...Mastercard’s Saxena: Walgreens Deal Addresses Dual Priorities Of Payments And Healthcare
Thursday 14th January - 4:00 am
The relationship announced Wednesday (Jan. 13) between Walgreens, Mastercard and Synchrony is more than a standard co-brand deal. The three companies will now team up to provide a mix of ...Mobile Payments Bridge Cash And Digital Divide In Pakistan
Thursday 14th January - 4:00 am
In the move toward digital payments in cash-centric economies, building trust in bank accounts and payments done in bits and bytes is critical.
In Pakistan, for firms seeking to spur that ...Fed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
Wednesday 13th January - 8:52 pm
The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech, with unemployment “likely above 20 percent” for lower-wage ...Fed Report: 2020 Closes Out With Slight Economic Uptick
Wednesday 13th January - 8:34 pm
The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to ...Girl Scouts Get Their Digital-First Merit Badge
Wednesday 13th January - 6:01 pm
Arguably the best culinary time of the year is approaching as the Girl Scouts are once again peddling their delicious wares to the general public. Over the next few weeks ...Rubio To Biden: Pass $2,000 Stimulus Checks For Pandemic Relief
Wednesday 13th January - 5:26 pm
Sen. Marco Rubio of Florida wrote in a letter that he wants President-elect Joe Biden to focus immediately on getting $2,000 checks out to Americans to help during the pandemic.
“Millions ...Worker Re-Lo Stats Support Argument That Remote WFH Is Here To Stay
Wednesday 13th January - 4:17 pm
Whether it’s Tesla CEO Elon Musk moving to Austin, Texas or large tech companies like Oracle pulling out of Silicon Valley, news of the great pandemic migration has been on ...Paytm, Nubank Could Soon Swing To Profit Amid Surging Demand For Digital Banking
Wednesday 13th January - 2:23 pm
India’s Paytm and Brazil’s Nubank could soon turn the corner to profitability thanks to surging demand for digital payment services in India and Brazil amid the ongoing COVID-19 pandemic.
“We could ...Inflation Looms, So What Lies Ahead For SMBs?
Wednesday 13th January - 2:01 pm
Inflation, it might be argued, is a fact of life.
If you’re not experiencing it, you’re likely anticipating it.
Reuters reported on Wednesday (Jan. 13) that, according to St. Louis Federal Reserve ...Visa Halts All Political Donations For Now After Capitol Attack
Tuesday 12th January - 6:20 pm
Visa has suspended all political donations for the time being, Reuters reported on Tuesday (Jan. 12).
The payments giant said it had suspended the donations as it reviewed its candidate contribution guidelines.
“Visa does ...Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System
Tuesday 12th January - 5:23 pm
In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has ...The Instant Payments Divide: How Lenders Can Use Disbursements To Create Lasting Trust
Tuesday 12th January - 10:00 am
The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. ...Ingo Money’s Edwards: Government Disbursement Modernization Depends On Digital Engagement
Tuesday 12th January - 4:01 am
The federal government is not exactly the poster child for modern payments distribution. It’s a fact that the last year – and two rounds of direct stimulus payments to consumers ...Carnival Reports $2.2 Billion Q4 Loss As US Cruises Stay Docked
Monday 11th January - 10:29 pm
Cruise ship operator Carnival is looking at a loss of $2.22 billion for the fourth quarter ending Nov. 30 because of the pandemic’s shutdown of its voyages for almost a ...Pakistan Launches Payment System To Boost Financial Inclusion
Monday 11th January - 6:04 pm
Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports.
Pakistan has the distinction as a country where only some economic transactions ...Day 1 Dawns For SMBs With PPP2
Monday 11th January - 3:16 pm
Two weeks after its 11th-hour passage by Congress, the second round of the Paycheck Protection Program (PPP) administered by the Small Business Administration has begun accepting applications for forgivable loans ...Retail Rents Falling From Manhattan To Los Angeles
Monday 11th January - 11:00 am
COVID-19 and the digital-first trend are sending U.S. retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession.
“These decreases are ...How The Pandemic Is Shifting Home Loan Disbursement Expectations
Monday 11th January - 9:30 am
The pandemic’s impacts on the financial and lending spaces are stretching into the new year, with both borrowers and lenders having adjusted how they approach loans in a world where ...Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets
Monday 11th January - 4:00 am
Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system ...IRS Error Puts Stimulus Payments In Wrong Accounts
Monday 11th January - 2:03 am
There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS, which the agency is now attempting to get to their right places, according to ...Stripe Blocks Processing For Trump Campaign Donations
Sunday 10th January - 8:50 pm
Stripe will not be processing any more payments related to President Donald Trump’s campaign website after last week’s riot at the Capitol, which Trump helped to incite, The Wall Street ...Some 4 Million Americans Have Been Unemployed For Half A Year
Sunday 10th January - 5:20 pm
Almost four million Americans have been out of work for at least six months because of the pandemic, CNN reported.
The grim stats are an increase from September when 2.4 million ...Retail Rents Plummet In NYC As Vacancies Rise
Friday 8th January - 5:13 pm
Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. 8).
Rent for retail space ...Next-Gen Automation Helps B2B Payments Cross Borders By Easing Frictions
Friday 8th January - 2:37 pm
Back in 1785, a fellow by the name of Evans invented the first fully automated industrial process — a water-powered flour mill. Automation’s long march to the present day finds ...December Jobs Report Shows Concerning Trend For SMBs
Friday 8th January - 11:24 am
Blip?
Or the start of a troubling trend?
On Friday (Jan 8), we saw a disruption in efforts by U.S. businesses to create jobs, months into a global pandemic that, as is ...NRF Economist: Expect ‘Meaningful Recovery’ And Sub-6 Pct Jobless Rate This Year
Friday 8th January - 11:00 am
The U.S. economy should see a “meaningful economy recovery” in 2021 as vaccines battle the pandemic and fresh government stimulus kicks in, according to Chief Economist Jack Kleinhenz of the ...US Nonfarm Jobs Fell In December By 140,000; Hospitality Posts Big Losses
Friday 8th January - 9:52 am
The U.S. Bureau of Labor Statistics reported on Friday (Jan. 8) that the country lost 140,000 nonfarm jobs in December — putting an end to the employment gains that had ...Keeping A Forward-Looking View In FinTech Adoption
Friday 8th January - 8:00 am
For many businesses, the sudden shift to a work-from-home model created chaos. Organizations large and small were forced to migrate to online and cloud-based solutions to keep operations moving, often ...Stimulus Check Visa Debit Cards Being Mailed To 8 Million Households
Friday 8th January - 6:58 am
Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. Treasury Department said in a press release on Thursday (Jan. 7).
The Economic Impact ...China’s Cyberspace Watchdog Mulls Stricter Online Oversight
Friday 8th January - 6:58 am
The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on ...‘Ubiquity Of Access’ Drives Growth At Rent-A-Center’s Preferred Lease Unit
Friday 8th January - 4:02 am
At a time of huge digital transformation when consumers have quicker access to more products and services than ever, why be clunky if you can be seamless? So goes the ...New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations
Friday 8th January - 4:00 am
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow ...PrimeLending Taps AI To Digitize Loans, Speed Up Disbursements
Friday 8th January - 4:00 am
The pandemic is continuing to have a broad impact on the financial sphere at the start of the new year, with businesses as well as consumers adjusting their banking habits ...IRS Unresponsive As Americans Seek Answers On Missing Stimulus Payments
Friday 8th January - 1:03 am
Many Americans are reporting frustration after not receiving their second stimulus checks within the past week, according to CNBC Thursday (Jan. 7).
The new checks, which are for $600 and were ...ActiveWorx Introduces B2B Payments Offering On AP Platform
Thursday 7th January - 8:06 pm
ActiveWorx, Inc. has rolled out B2B payments optimization offerings on its platform. The launch of the company’s payment functions will address ongoing corporate payment processing hurdles with process automation software and ...UK Debt Collectors Want More To Do With Unpaid COVID Debts
Thursday 7th January - 7:53 pm
U.K. debt collectors want the government to give them a bigger role in recovering the debts from the 44-billion-pound (about $60 billion) business rescue program, the Financial Times (FT) reported.
The ...Change Is In The Air: Optum’s Acquisition Signals New Era For Healthcare Payments
Thursday 7th January - 5:11 pm
In the bid to transform the most paper-laden of verticals, to render an opaque system transparent, 2021 is already shaping up to be a banner year in healthcare.
To that end, ...US Services Sector Grows for Seventh Month, Trade Association Says
Thursday 7th January - 1:51 pm
Economic activity in the services sector grew in December for the seventh month in a row, the Institute for Supply Management said in a Thursday (Jan. 7) press release. The trade association surveys ...Average Credit Scores Hit Record High As Credit Card Balances Drop
Thursday 7th January - 12:15 pm
Despite a raging pandemic, widespread unemployment and a fragile economy, U.S. consumers paid more of their bills on time last year, resulting in the largest improvement in personal credit scores ...British Watchdog FCA Says Pandemic Could Flatline 4,000 Financial Services Firms
Thursday 7th January - 11:30 am
U.K. market watchdog the Financial Conduct Authority (FCA) cautions that the results of its recent pandemic resiliency survey indicate some 4,000 companies doing business in the financial services sector lack resiliency ...
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