Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at a seasonally- and inflation-adjusted 4.9% yearly rate in the third quarter, the fastest pace in two years. Real GDP rose...
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time payments offer advantages such as reduced fraud, 24/7 accessibility and faster settlements for businesses and...
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds. Naturally, the revolutionary payment method continues to gain swift momentum worldwide as more countries introduce...
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by UK FinTech Growth Partners. The fund, called the Fintech Growth Fund, aims to support growth-stage...
October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time payments offer advantages such as reduced fraud, 24/7 accessibility and faster settlements for businesses and consumers. Despite widespread adoption, challenges persist, including interoperability concerns and […]
September 01, 2023
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds....
July 05, 2023
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions. Many countries have successfully implemented real-time payment systems to enhance efficiency and meet the growing...
June 01, 2023
Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration of digital payment methods, among...
January 14, 2024
The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at a much slower rate this year, The Wall Street Journal (WSJ) reported Sunday (Jan. 14). Economists surveyed by WSJ reduced the probability of a recession within the next year to 39%, down […]
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at a seasonally- and inflation-adjusted 4.9%...
August 16, 2023
The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by...
August 09, 2023
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of...
