Digital Payments in Emerging Economies
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Over 125 Economists Urge Congress To Pass Stimulus
Monday 23rd November - 5:00 pm
A letter from over 125 economists, including former Federal Reserve Vice Chair Alan Blinder and Jason Furman, chairman of the Council of Economic Advisers during President Barack Obama’s administration, calls ...Western Union Expands Real-Time Digital Payments To 100 Countries
Monday 23rd November - 4:36 pm
Western Union just took another big step toward ramping up its growing digital payments arsenal. The legacy global remittance giant said on Monday (Nov. 23) that it has expanded its ...Today In Digital-First Banking: OCC Seeks Equal Access To Banking; Taxpayers Face $435B Hit From Student Loans
Monday 23rd November - 3:03 pm
In today’s top news in digital-first banking, The Office of the Comptroller of the Currency (OCC) has proposed a personal banking rule intended to level the playing field, while U.S. ...Today In Payments Around The World: Western Union To Purchase Stake In Saudi Digital Payments Co; India OKs $3.4B Future, Reliance Deal
Monday 23rd November - 1:58 pm
In today’s top payments news around the world, Western Union Co. has entered into a deal to buy up to 15 percent of Saudi Digital Payments Co., while the Competition Commission ...New Pandemic Lockdowns Trigger Economic Slowdown In Eurozone
Monday 23rd November - 11:18 am
The eurozone economy is backsliding amid a second lockdown in Europe triggered by a wave of new COVID-19 infections, according to a new analysis by IHS Markit released on Mondsy ...Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments
Monday 23rd November - 7:15 am
Visa and Conferma Pay said Monday (Nov. 23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises ...Google’s Super App Wakeup Call
Monday 23rd November - 7:00 am
In June of 2019, PYMNTS asked a national sample of 1,037 smartphone users about their interest in having a single app that would make their everyday activities easier to access ...Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
Monday 23rd November - 4:02 am
There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used ...Ingo CEO: Banks, FinTechs Need Better Data To Fight Mobile Check Deposit Fraud
Monday 23rd November - 4:00 am
Even before the pandemic — and the stimulus bills that sent trillions of dollars via check into consumers’ (and not a few fraudsters’) hands — the alarm bells were tolling.
The ...Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic
Monday 23rd November - 1:13 am
In yet another pandemic-related shift to normal life, the way people buy cars is changing in America, according to The Wall Street Journal.
Due to factory closures from the spring, dealers ...Deutsche Bank Eyes Growing Payments Unit With Takeovers, JV’s
Monday 23rd November - 12:33 am
Deutsche Bank is looking to acquire firms or enter into joint ventures with other companies in a bid to become a significant player in Europe’s digital payments market, the Financial ...Western Union Buys 15 Pct Stake In Saudi Digital Payments Co
Sunday 22nd November - 10:46 pm
Western Union Co. has entered into a deal to buy up to 15 percent of Saudi Digital Payments Co., also called stc pay, for up to $200 million, the Denver-based ...Report: Taxpayers Face $400B Hit On Bad Student Loans
Sunday 22nd November - 8:46 pm
U.S. taxpayers stand to absorb a hit of about $435 billion from borrowers’ failure to repay student loans currently on the federal government’s book, the Wall Street Journal reported Saturday ...Vaccine May Spark Inflation Jump As Consumers Spend More
Sunday 22nd November - 8:05 pm
Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels ...JPMorgan: Spiking COVID-19 Signals Likely Q1 GDP Slump
Friday 20th November - 4:11 pm
A growing wave of coronavirus cases and related restrictions could trigger a decline in first-quarter gross domestic product (GDP), J.P. Morgan economists said in a new forecast, CNBC reported Friday ...Holiday Digital Disconnect Looms Between Merchants And Consumers
Friday 20th November - 11:58 am
The holidays are here. So, too, is a spike in COVID-19 cases. With a resurgence in public health concerns, it makes sense that commerce would increasingly skew digital, with the comfort ...Chegg CFO: How Existing FinTech Partners Bolster Digital Transformation
Friday 20th November - 8:00 am
The name of the game is digitization for organizations across all industries, thanks to the “new normal” of working from home amid the pandemic. But what does the process of ...Ex-Fed Chair Greenspan: Controlling COVID Is The Only Way To Save Economy
Friday 20th November - 7:41 am
Former Federal Reserve Chairman Alan Greenspan said he’s “never seen anything like” the economic challenges incoming President-elect Joe Biden will face amid the pandemic, CNN reports.
Greenspan, 94, wasn’t working in ...PayPal Ventures Invests $11.9M In Payments Services Firm Modulr
Thursday 19th November - 9:09 pm
Modulr, a Payments-as-a-Service application programming interface (API) platform, has received an investment of 9 million pounds ($11.9 million) from PayPal Ventures in order to boost its services and develop new ...Wells Fargo Debuts Digital Supplier Payment Tool
Thursday 19th November - 7:52 pm
Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers.
The financial services giant on Thursday (Nov. 19) announced in a press release that ...Google, Mobile Wallets Pave Roadmap To Super Apps
Thursday 19th November - 7:22 pm
The pandemic has had an impact on digital wallet usage – in other words, up and to the right. Blackhawk Network noted that mobile wallet adoption in the U.S. stood ...CDC Advises Against Thanksgiving Travel
Thursday 19th November - 6:23 pm
The Centers for Disease Control and Prevention (CDC) has come out with a warning against Americans traveling home for the Thanksgiving holiday, The Wall Street Journal (WSJ) reports, citing concerns ...Accelerating The Digitization Of Money
Thursday 19th November - 11:00 am
While the demise of cash has long been forecasted, it never quite seems to happen. Yet it’s undeniable that eight months of COVID-19 have sped up the process, as payments ...Weekly U.S. Jobless Claims Rise Slightly To 742,000 Even As Many Face Losing Benefits
Thursday 19th November - 9:10 am
New jobless claims ticked upwards last week, with 742,000 people filing for benefits while COVID-19 cases continued to accelerate in the U.S.
The increase for the week ending Nov. 14 is ...Visa, NFL Team Up For Cashless Super Bowl
Thursday 19th November - 9:01 am
Visa will be working with the National Football League (NFL) on fully digital, cashless payments for the Super Bowl, a press release says.
Visa also unveiled the “Visa’s Guide to Touchless ...PayPal Boosts Xoom’s Money Transfer Capabilities In US
Thursday 19th November - 9:00 am
PayPal is upping its mobile payments game.
PayPal on Thursday (Nov. 19) unveiled a major upgrade to Xoom, enabling customers across the United States to use the mobile payments app to ...PayPal Customers Can Now Fundraise Up To $20K
Thursday 19th November - 8:01 am
PayPal has rolled out new enhancements to its Giving platform as a way to boost crowdfunding and charity donations, a press release says.
The Giving platform works to give customers an ...Optimizing B2B eCommerce Payments From The Moment Of Onboarding
Thursday 19th November - 8:00 am
While optimizing B2B payments is often about combating friction at the moment of transaction, the truth is, the B2B payment experience often happens way before any money is ever actually ...Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy
Wednesday 18th November - 9:43 pm
As the holidays grow closer, American Express says research has shown that social media promotions and engagement could be a big boost for this year’s Small Business Saturday event, according ...Bidenomics: Four Things To Watch For Financial Services
Wednesday 18th November - 6:15 pm
There are no easy economic fixes ahead when former Vice President Joe Biden takes office as president. Jobless claims are receding, but still stubbornly high. Vaccines are on the horizon to help ...Mastercard, Network International To Introduce Commercial Cards In MEA
Wednesday 18th November - 6:12 pm
Mastercard is teaming up with Network International, which works in digital commerce for the Middle East and Africa, to help drive the adoption of commercial payment services in that region, ...Maersk Predicts Shipping Rebound As US Retail Sales Fuel Demand
Wednesday 18th November - 5:07 pm
Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy.
A rebound in retail sales in the United States ...College Towns Face Hard Choice Between COVID-19 Safety And Economic Ruin
Wednesday 18th November - 1:56 pm
Communities across the country that typically thrive alongside the colleges and universities they host are facing an array of COVID-19-era challenges. As the rate of on-campus infections soars among students, ...Google Pay Redesign Heralds Rise Of Plex, Google’s Smart DDA
Wednesday 18th November - 12:44 pm
Imagine Google Pay as a super app, loaded with more insight. And, coming soon, smart banking to boot. To that end, Google said on Wednesday (Nov. 18) that it has launched ...Real-Time Payments Go Beyond The Need For Speed
Wednesday 18th November - 7:01 am
Is real-time ready for prime time?
The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were ...US Consumers Pay Down $10B In Credit Card Debt In Q3
Wednesday 18th November - 7:00 am
Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the ...McConnell Floats Possibility Of $500B In COVID Stimulus
Tuesday 17th November - 10:40 pm
As the deliberation over another pandemic-related stimulus continues, U.S. Senate Majority Leader Mitch McConnell said he’s open to a $500 billion package, Reuters reported.
The package would go toward healing the ...States Seek Aid To Offset Estimated $400B Shortfall Due To COVID-19
Tuesday 17th November - 6:43 pm
Faced with the mounting costs of battling COVID-19, state governors across the United States are pushing for more federal relief as coronavirus infections soar and local hospital systems scramble to ...Square’s New Offering Helps Restaurants Manage Omnichannel Orders
Tuesday 17th November - 12:44 pm
Square, which offers payment products to all types of merchants, said its latest offering will display and organize restaurant order tickets no matter where they’re placed. The company’s new Square ...October Retail Sales Grew Slower Than Anticipated
Tuesday 17th November - 10:28 am
U.S. retail sales rose 0.3 percent in October to $553.3 billion, missing forecasts but still up for the sixth consecutive month, according to the monthly U.S. Census Bureau report released ...Worldpay: Pandemic Has Forced The Issue On B2B Automation
Tuesday 17th November - 4:00 am
Compared to their direct-to-consumer (D2C) counterparts, the heavy-lifting, hardworking B2B businesses of the world have always been chided for being a few clicks behind when it comes to embracing and ...Biden: Recovery Depends On Controlling Pandemic As ‘Very Dark Winter’ Approaches
Monday 16th November - 5:57 pm
U.S. President-elect Joe Biden called a conversation with business and labor leaders “encouraging” at a press conference following a Monday (Nov. 16) call, noting that all agreed that they wanted ...Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19
Monday 16th November - 3:00 pm
In today’s top news, PNC will acquire BBVA’s U.S. unit for $11.6 billion, and the economy is facing greater challenges as COVID-19 cases continue to rise. Plus, Mastercard announced a ...American Express Links Up With PayPal, Venmo To Enable Customers To Split Payments
Monday 16th November - 1:07 pm
American Express is teaming up with PayPal and Venmo to offer a new way for their customers to send money, split purchases and manage their expenses.
The new program enables American ...Touchless Is Pushing Payments Beyond The Card
Monday 16th November - 9:30 am
Will anyone miss keypads when they go? Will POS terminals without a clear purpose make us long for the days of swiping plastic, punching buttons and squinting at tiny screens?
In ...
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