PYMNTS

SEPTEMBER 18, 2018

So, what is the state of the global economy these days? What is clear is that the sense of stability that seemed to finally come after the 2008 financial crisis and resulting global recession is apparently at an end. The fundamental of the global economy remain favorable,” he said, adding that global trade and U.S.

Economy 62

Economy Risk Management Central Bank Risk 62

PYMNTS

SEPTEMBER 20, 2020

The Wall Street Journal (WSJ) reported the industry is making a stronger comeback than after the 2008 financial crisis, contrary to the predictions the pandemic could paralyze trade permanently. IHS Markit, a London-based provider of business data, reported export orders grew in 14 of 38 economies last month, compared to four in June.

Economy 95

Economy Shutdown Volume Research 95

PYMNTS

MARCH 31, 2020

economy into a recession. This is unlike 2008, when “the cancer in the housing market” left the economy permanently damaged when it ultimately collapsed from the inside. This isn’t a case of internal collapse, so much as it is a case of the economy being hit by a wrecking ball from the outside. Probably not.

Economy 56

Economy Push-to-Card IRS ACH 56

Fintech News

FEBRUARY 28, 2024

Established in 2008, Home Credit Vietnam offers a wide range of loan products with over 15 million customers and a network of 14,000 point-of-sales locations, reporting a net profit of VND 1,320 billion in 2022. Arthid Nanthawithaya Arthid Nanthawithaya, Chief Executive Officer of SCBX said, Vietnam, with its dynamic economy averaging 7.5%

Acquirers 103

Acquirers Finance Economy Consumer 103

PYMNTS

APRIL 5, 2020

Financial regulators have made $500 billion in capital available for lenders around the world , which gives lenders the freedom for another $5 trillion of loans around the world to go toward cushioning the blow the coronavirus has dealt to the world’s economy.

Facilitators 60

Facilitators Economy Regulations Central Bank 60

PYMNTS

OCTOBER 22, 2020

And while early Amazon efforts, Apple TV, Hulu and the first Roku devices all debuted in 2008, and though Netflix became the Blockbuster Video of streaming TV for a good many years after that, the party might finally be over. It was the payments breakthrough that helped fuel streaming’s growth.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

APRIL 28, 2016

China’s slowing economy is marred by more than just a slumped yuan. Lengthening payment terms between businesses is a problem that can hit any market and indeed has seen rises across the globe following the 2008 financial crisis. Economists are also pointing to a “bottleneck” in the nation’s economy, reports stated. “It

Economy 40

Economy Payments Database Security 40

PYMNTS

OCTOBER 16, 2018

But 10 years ago, in 2008, TGI Fridays , for instance, blazed a rewards and loyalty trail that countless restaurants have since followed. By adding the technology, restaurants such as Applebee’s hope to increase spending and bring in younger customers. About half – or 47.2

Innovation 73

Innovation Economy Technology Mobile Payments 73

PYMNTS

NOVEMBER 20, 2020

This winter will be grim, and we believe the economy will contract again in 1Q," the economists wrote. “We The projection goes against earlier Wall Street forecasts that largely believed the first quarter of 2021 would be the start of a bouncing-back economy. By comparison, at the peak of the Great Recession in 2008 GDP only lost 8.4

Economy 78

Economy NOV Returns Continuity 78

PYMNTS

APRIL 12, 2020

Unlike in the 2008-09 collapse, in which China, India and a few other economies remained relatively stable, COVID-19 has proven to be an equalizer, bringing every economy in the world to a halt and causing huge structural issues. Ultimately, the main commonality in the world economies’ weaknesses is the lack of unity.

Economy 75

Economy Governance Government Small Business 75

The Fintech Times

OCTOBER 10, 2024

In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. This is due in large part to tourism.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

The Fintech Times

DECEMBER 12, 2023

UnionPay has decided to partner with local infrastructure and, in so doing, support local on-soil capability creating additional economies of scale through existing card rails for South African payments participants.

Processors 57

Processors Acquirers Financial Inclusion Participant 57

PYMNTS

JUNE 16, 2016

The average American’s calorie consumption away from home has gone up from 18 percent in 1978 to 32 percent in 2008, Quartz reported. The uptick in consumer spending at food establishments also highlights an increase in calorie intake.

Economy 40

Economy Consumer Product 40

PYMNTS

MARCH 6, 2020

The financial crash of 2008 was predicted similarly by Sequoia, which sent an ominous email simply titled “RIP Good Times” during the depths of that recession. Sequoia, a fixture in Silicon Valley for decades, and has funded companies such as Apple, Google, Instagram, DoorDash and more for decades.

Legal 69

Legal Economy Automation Risk 69

PYMNTS

APRIL 26, 2020

By allowing people to defer payments, banks are hoping the economy will rebound, and with it, their customers. Customer spending limits are also being cut by top credit card companies in response to the crashing economy due to the pandemic. Further, banks can do little about nonpayment since the credit is unsecured.

Credit Cards 83

Credit Cards Card Issuer Payments Economy 83

PYMNTS

APRIL 8, 2020

With the coronavirus pandemic forcing people out of work in every sector of the economy, unemployment claims are likely to rise by another 5.25 However, the claims are probably only a fraction of the actual number of people who have lost their jobs since the companies and economy abruptly shut down. In February, the rate was 3.5

Economy 91

Economy Non-Bank Governance Government 91

PYMNTS

DECEMBER 8, 2020

The theory most famously put forth by the Washington Post’s Catherine Rampell is that millennials were scared by the mortgage market meltdown that triggered the Great Recession in 2008, preferred to live in cities and were unwilling to tie themselves to a single location the way previous generations had. When World War II ended, the U.S.

Economy 141

Economy Returns Consumer On-Demand 141

Fintech Finance

DECEMBER 7, 2023

Taking our approach of ‘share growth’, we can create an enabling marketplace that benefits all participants within the payments ecosystem including financial institutions, small businesses and retailers for the economy to thrive,” says Asad Burney, Head of UnionPay International Africa Branch.

Process 52

Process Processors Financial Inclusion Participant 52

PYMNTS

SEPTEMBER 21, 2020

Leary called the election "volatile" and said there was concern for "long-term damage to the economy," FT reported. Global trade, on the other hand, is proving strong thus far, making a bigger comeback than it did after the 2008 financial crisis, PYMNTS reported.

Federal Reserve 104

Federal Reserve Fed Central Bank Advisors 104

PYMNTS

NOVEMBER 11, 2020

The big gains were a great sign that the Chinese economy — and more specifically, consumer spending — is on a post-COVID rebound. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

SEPTEMBER 2, 2020

The iOS app economy has created nearly 300,000 new jobs since April 2019, “helping to provide opportunities” for business and employment growth even during the COVID-19 crisis, Apple said in a press release. Since the App Store launched in 2008, the iOS app economy has become one of the fastest-growing sectors of the economy.”.

Economy 52

Economy On-Demand Participant Product 52

PYMNTS

MAY 4, 2020

That amount is over five times as much as the country borrowed at the height of the Great Recession in 2008. trillion for efforts to stem the tide of the virus and help businesses and various sectors of the economy. And there will likely be more spending to further aid various parts of the economy, driving the overall bill higher.

Treasury 52

Treasury Government Governance Economy 52

PYMNTS

NOVEMBER 22, 2020

The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. Private lenders lost $535 billion on low-quality mortgages during the 2008 Global Financial Crisis, Mark Zandi of Moody’s Analysics told the WSJ, according to Saturday’s article.

NOV 113

NOV Government Governance Consulting 113

PYMNTS

APRIL 21, 2020

Noting that customer loyalty was a critical factor for restaurants that survived the 2008 market crash, Paytronix CEO Andrew Robbins told PYMNTS, “When the current black swan finally departs and restaurants begin to reopen, we hope those that truly invested in developing strong relationships will survive.”

Economy 60

Economy Research Continuity Accounts 60

The Fintech Times

MAY 10, 2024

British Business Investments, a subsidiary of the British Business Bank , aims to improve access to alternative finance for SMEs across the UK, while supporting the transition to a net zero economy – highlighted by its backing of Beechbrook. Since 2008, Beechbrook has invested over £500million in 70 SMEs across the UK.

Underserved 67

Underserved Finance Origination Continuity 67

PYMNTS

AUGUST 4, 2020

Although the 2008 financial crisis jolted the world economy, the financial conditions leading up to the disruption had been a long time coming. Lessons Learned From 2008. It’s perhaps the biggest economic difference between then and the current climate, in which a global pandemic thrust millions of workers in the U.S.

Finance 124

Finance Non-Bank Innovation Continuity 124

PYMNTS

NOVEMBER 10, 2020

In fact, fortunes are always made out of disasters, and America’s entrepreneurial spirit may be just the counterforce for a stalled economy. New Businesses Forming At Fastest Rate Since 2008 Crash . That group includes gig-economy workers and other independent contractors who may have struck out on their own after being laid off.”.

Posting 90

Posting Economy On-Demand Advisors 90

PYMNTS

APRIL 29, 2020

percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). gross domestic product (GDP) dropped 4.8 percent. The personal savings rate — a percentage of disposable income — was 9.6

Government 52

Government Governance On-Demand Economy 52

PYMNTS

APRIL 26, 2020

Talking with “Fox News Sunday,” Mnuchin also posited that the economy would begin to reopen during May and June, and then that would lead to the economic recovery. He said the amount put into the economy thus far, to offset the tumultuous effects of the pandemic, was “unprecedented.” In addition, some state officials like New York Gov.

Treasury 60

Treasury Economy SWIFT Government 60

PYMNTS

JULY 23, 2020

The pandemic wreaked havoc on the banking sector like it did the rest of the economy, sending BoA shares and the value of the KBW Bank Index, which is one of the more widely-tracked measures of the health of the industry, down 30 percent since February, FT reported.

Economy 90

Economy Returns 90

PYMNTS

APRIL 23, 2020

It’s a response to the COVID-19 pandemic that is crashing the economy and taking away the jobs of millions of Americans, according to Bloomberg News. As reported by PYMNTS , consumers are already in a better position than when the Great Recession hit in 2008, and they have comparatively less debt.

Credit Limit 75

Credit Limit eWallet Credit Cards Enrollments 75

The Fintech Times

OCTOBER 29, 2024

The State Bank of Pakistan (SBP) introduced branchless banking licensing in 2008, providing a foundation for Digital Financial Service Providers (DFSPs) to have agent networks across the country. Traditionally, Pakistan has been primarily reliant on cash for transactions, which is usually the case in developing economies.

FinTech 57

FinTech Financial Inclusion Consumer Protection Transactions 57

PYMNTS

MARCH 29, 2020

Asked what people should do with the money they receive (“… twelve hundred dollars takes you a lot farther in Nebraska than it does in California,” journalist Margaret Brennan pointed out), Mnuchin said he hoped the machinery of the economy would be spurred to keep people out of the red for a few weeks.

Direct Deposit 70

Direct Deposit Government Governance Economy 70

Fintech Review

MAY 14, 2024

That is in part driven by a strong economy, leading the pack in Europe. Spain’s economy is thriving, significantly outpacing other EU countries in terms of growth and economic performance. Many Spanish banks were severely impacted during the 2008 financial crisis. There is also a bigger growth picture.

FinTech 111

FinTech Advisors Void Innovation 111

PYMNTS

APRIL 22, 2020

That’s 460 employees, including President Steven Allocca, as the company tries to navigate the tumultuous economy surrounding the coronavirus pandemic and slash costs. Due to the overall effects of the virus, the American and world economies could both see heavy contractions , according to Allianz chief economic advisor Mohamed El-Erian.

Economy 54

Economy Advisors On-Demand Small Business 54

PYMNTS

APRIL 4, 2019

A little over a decade ago, something nearly unprecedented happened in the American economy: household debt contracted instead of growing. By the first quarter of 2017, household debt had passed its 2008 peak of $12.657 billion, according to a new report released by the New York Fed. As of the last quarter of 2018, total U.S.

Fed 46

Fed Credit Cards Underwriting Federal Reserve 46

PYMNTS

OCTOBER 18, 2019

Given exports are unlikely to stage a comeback and a possible slowdown in the property sector, the downward pressure on China’s economy is likely to continue, with fourth-quarter economic growth expected to slip to 5.9%,” Nie Wen, a Shanghai-based economist at Hwabao Trust, told Reuters. percent year-on-year.

Economy 40

Economy Adjustments On-Demand Returns 40