Tourism

Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
March 04, 2020  |  News

In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 trillion global tourism industry,...

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Coronavirus Crippling $1.7T Tourism Sector
Coronavirus Crippling $1.7T Tourism Sector
March 04, 2020  |  Travel Payments

The coronavirus outbreak is crippling the $1.7 trillion tourism industry, the biggest setback for the travel sector in almost 20 years, according to reports on...

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Virus Expected To Have Long-Term Impact On Travel, X-Border Payments
Virus Expected To Have Long-Term Impact On Travel, X-Border Payments
March 01, 2020  |  Cross-border Payments

The number of companies and events impacted by the coronavirus’ mass spread now includes the annual Game Developers Conference. The event, originally scheduled for March...

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Mastercard Warns Coronavirus Hit To Revenue In Q1
Mastercard Warns Coronavirus Hit To Revenue In Q1
February 25, 2020  |  Payment Methods

Mastercard said in a statement Monday (Feb. 24) that the coronavirus outbreak could hurt its revenues this year and that caused the company’s shares to...

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Coronavirus Cases Climb; Dow Sinks Along With Mortgage Rates 
Coronavirus Cases Climb; Dow Sinks Along With Mortgage Rates 
February 24, 2020  |  Cross-border Payments

As the Coronavirus spreads beyond the borders of Asia, its effects are casting a widening shadow that is being felt in just about every industry,...

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Coronavirus Ripple Effect: Cross-Border Tourism, Retail Sales and Supply Chains Down
Coronavirus Ripple Effect: Cross-Border Tourism, Retail Sales and Supply Chains Down
February 24, 2020  |  Cross-border Payments

Not all black swan events are created equally, at least when it comes to certain business verticals. Amid the plunging stock markets, and speculation about...

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Goldman Sachs Warns Of Market Drop Due To Outbreak
Goldman Sachs Warns Of Market Drop Due To Outbreak
February 20, 2020  |  Cross-border Payments

Despite high levels of U.S. and European stocks, Goldman Sachs warns that the coronavirus’ impact could bring it all toppling down, according to the Financial...

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In Wake of Coronavirus, China Gov’t Takeovers Are Real Possibilities
In Wake of Coronavirus, China Gov’t Takeovers Are Real Possibilities
February 19, 2020  |  Cross-border Payments

Beyond the obvious health impacts of the Coronavirus outbreak itself, where hospitals are filling up and the death toll is mounting, costs of a different...

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Japanese Sales Tax Triggers 6 Pct Economic Contraction
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020  |  Cross-border Payments

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The...

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