PYMNTS

MAY 2, 2019

Department of Labor ruled that gig economy workers are contractors and not employees, which has implications for much of the industry. In collaboration with Hyperwallet , PYMNTS produced The Gig Economy Index to gather insights into the state of this growing industry. In Q3 2018, 35.6 In Q4 2018, roughly one-third (32.3

Economy 46

Economy Direct Deposit PayPal Participant 46

PYMNTS

NOVEMBER 12, 2020

Before the pandemic, the number of work-from-homers shot up 173 percent in the United States between 2005 and 2018, the report notes. Yes, says Luke Templeman, a thematic strategist at Deutsche Bank in Konzept , the bank’s recently issued research report. While the total number — 5.4

Economy 83

Economy Research Governance Government 83

PYMNTS

DECEMBER 29, 2018

At the close of 2018, the consumer’s outlook on things is several shades brighter than it was a decade ago. Amazon reported a record-breaking holiday season and was reportedly a major beneficiary of confident consumers’ appetite to shut down 2018 with some serious spending. Overall digital sales surged upwards 19 percent in 2018.

Consumer 73

Consumer Federal Reserve NOV Advisors 73

PYMNTS

NOVEMBER 17, 2020

Wardrobe was founded in 2018 by Adarsh Alphons , who was named a CNN Hero in 2015 for his contribution to children’s art education through his nonprofit organization ProjectArt. He has also been a leading voice in the sharing economy space.

Economy 76

Economy Returns Participant Authorization 76

PYMNTS

APRIL 1, 2019

Digital solutions have made their way into the gig economy, with more workers than ever utilizing digital marketplaces that pair companies with talent from around the world. workforce (36 percent) participated in the gig economy during 2018. The gig economy isn’t only beneficial for workers, however.

Faster Payments 73

Faster Payments Economy Payments Authentication 73

PYMNTS

AUGUST 8, 2019

The verification and authentication processes of many sharing economy platforms are poorly equipped to combat the growing risk of fraud. 45 million: Number of global smartwatch shipments in the year 2018. percent: Portion of sharing economy platform users asked to provide identification at physical locations. $14

Verification 57

Verification Economy Authentication Risk 57

PYMNTS

APRIL 8, 2019

The gig world is becoming a mainstream part of the economy, and workers are pursuing specialized jobs in the space. And the vacancy rate of community shopping centers in Q1 was unchanged from Q4 of 2018. percent: Share of gig workers who were not employed outside the gig economy. All this, Today In Data. .

Economy 55

Economy Payments Technology 55

PYMNTS

OCTOBER 9, 2019

The gig economy — and digital marketplaces designed to service gig workers and employers — is where so much of the action is these days. That’s hardly the only challenge when it comes to doing more in the gig economy, expanding marketplace offerings — and generally doing more digital cross-border commerce.

Economy 49

Economy Credit Cards Direct Deposit PayPal 49

FICO

DECEMBER 13, 2017

So, will 2018 be more fun? To top it all off, the economies of many countries remain fragile and political stability combined with Brexit are likely to make for a challenging, sometimes exhausting environment in which to manage credit risk and collections. Rest up this holiday season, and I’ll see you in 2018.

On-Demand 45

On-Demand Regulations Credit Risk Volume 45

PYMNTS

NOVEMBER 6, 2020

Walmart’s decision to sell its Argentinian retail operations, where it has over 90 stores and more than 9,000 employees, comes with one of the continent’s largest economies gripped in the throes of a severe economic crisis. Argentina faces trouble on two fronts.

Economy 61

Economy NOV Non-Bank Agreements 61

PYMNTS

FEBRUARY 24, 2020

And today, 384 years later, innovators are still using time to disrupt the status quo across each of the eight cornerstones of our connected economy. The below chart shows the results of that study for the period from 2010 through 2018 — the most recent year for which that data is available. movies they saw in 2002.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

PYMNTS

OCTOBER 20, 2020

20) that Google faces an antitrust suit from the Department of Justice — focused on the core search business — makes us wonder what, if anything, might happen to other business lines that, though nascent, represent bids to join and at the same time foster the connected economy. That’s up 42 percent since 2018. News Tuesday (Oct.

Economy 52

Economy Federal Trade Commission FTC Credit Union 52

PYMNTS

FEBRUARY 24, 2020

is teaming with thredUP to allow shoppers to exchange their secondhand clothes for a shopping credit as they support the circular economy. 56 million: Number of women who bought secondhand products in 2018. All this, Today in Data. 30: Approximate number of retailers in New York for which Bond manages post-purchase logistics. $15

Economy 52

Economy Returns Product Posting 52

PYMNTS

AUGUST 22, 2018

Today, thanks to connected devices (online payment platforms, as well as platforms that aggregate supply and demand in real time), the gig economy is thriving. workforce has participated in the gig economy in some way. For the new Gig Economy Index , PYMNTS surveyed nearly 10,000 U.S. We see that in the numbers. gig workers.

Economy 43

Economy Participant On-Demand Product 43

Payments Source

APRIL 8, 2019

Mergers and acquisitions in the payments segment rose 16 percent in 2018, fueled in part by PayPal closing two large deals.

PayPal 67

PayPal Payments Mobile Payments Economy 67

PYMNTS

AUGUST 28, 2018

When it comes to the gig economy, 4 percent of ad-hoc jobs pursued by gig workers in the first and second quarters of 2018 were in transpiration and material moving, according to the most recent edition of the PYMNTS Gig Economy Index. The Road Ahead.

Economy 52

Economy P2P Origination Process 52

PYMNTS

APRIL 10, 2019

As well, a big part of the future of the global sharing economy is playing out in China, and that’s worthy of note. Sharing Economy Signals. Still, most signals seem to be positive when it comes to future prospects for the sharing economy in China. Among the latest developments on that front concerns a pullback. Trust Issues.

Economy 49

Economy Consumer Product Checks 49

PYMNTS

JULY 23, 2019

The platform economy is being transformed by an increased demand for faster payments bolstered by mobile usage, according to the latest Payments and the Platform Economy Playbook. billion in 2018 and is expected to reach $7.6 The platform economy encompasses work-for-hire transactions, food orders and vacation rentals.

Economy 53

Economy PayPal Void Payment Gateways 53

The Payments Association

NOVEMBER 27, 2024

Bahrain, the first country in the Middle East to introduce open banking, launched its open banking framework (OBF) in October 2020, following the initial set of rules released in December 2018. The new amendments are set to bring legal entities in line with the existing open banking framework.

Third-Party Service Provider 88

Third-Party Service Provider API Legal Financial Inclusion 88

PYMNTS

DECEMBER 24, 2018

It may seem like 2018 was the year of the fraudster, of bad guys and gals acting in concert to steal money, steal privacy and use data for any number of gains. Drilling down a bit from geopolitics, but still eyeing seismic shifts that are worldwide, consider the rise of the global gig economy. Good vs. Bad. We’ll throw a few names out.

Financial Crimes 65

Financial Crimes B2B Real Time Payments Crime 65

CB Insights

JANUARY 29, 2019

Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. The post 7 Fintech Startups Fueling The Gig Economy appeared first on CB Insights Research. GET THE 106-PAGE FINTECH TRENDS REPORT. Want the full expert post? Become a CB Insights customer.

Economy 44

Economy FinTech Research Posting 44

PYMNTS

OCTOBER 15, 2019

With central banks having to spend limited ammunition to offset policy mistakes, they may have little left when the economy is in a tougher spot,” said Gita Gopinath, the fund’s chief economist. “As In 2019, the world economy will grow at just 3 percent per the organization’s estimate. percent in October 2018, in its report.

Economy 43

Economy Central Bank Agreements 43

PYMNTS

JUNE 19, 2019

To that end, in the Council of Supply Chain Management Professionals ( CSCMP ) State of Logistics Report 2019, presented by Penske , AT Kearney reported that logistics costs are continuing to rise, buoyed by continued strength in the economy. percent in 2018. In terms of stats, and continuing a trend, costs are going up. percent.

Economy 51

Economy Volume Continuity Transactions 51

PYMNTS

SEPTEMBER 11, 2019

In 2018, the Supreme Court in California ruled that gig economy companies can’t count workers as independent contractors instead of employees. Part C requires that the worker is customarily engaged in an independently established trade, occupation, or business of the same nature as the work performed.

Economy 60

Economy On-Demand Laws Rules 60

PYMNTS

SEPTEMBER 24, 2018

Thanks to the strong economy and tight labor market, workers are emboldened to ask for more compensation and to resort to striking if need be, reported The Wall Street Journal. What’s more, there have been more days lost to labor fights so far in 2018 than in any full year since 2006. We have not seen that take place in years.”.

Economy 48

Economy Authorization 48

PYMNTS

OCTOBER 19, 2018

the economy in China is starting to feel the impact. According to a report in the New York Times on Friday (October 19), the government in China said the economy grew 6.5 In the past few years China’s economy was moving along, but the comments Friday signal a different story is going on in 2018.

Economy 49

Economy Governance Government Consumer 49

FICO

JANUARY 21, 2020

We performed a similar analysis using the Account Management score, comparing a robust dataset of 15 million South African consumers’ scores as of March, June, September, December 2017 and again as at March, June, September, December 2018. 35% of consumers experienced a score decrease (21 points or lower). Source: FICO Blog.

Credit Risk 52

Credit Risk Risk Economy Origination 52

PYMNTS

DECEMBER 8, 2018

Luckily, in the era of the gig economy , help is a digital marketplace and a click away. This is also the rare time of year when the gig economy also gets to offer up some truly unique short-term prospects. And, occasionally, it’s even wearing an elf costume. Holiday Gigging: Big, Small and Strange. Playing Santa Claus.

Economy 67

Economy On-Demand Faster Payments Consumer 67

The Fintech Times

SEPTEMBER 27, 2024

Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.

Financial Inclusion 101

Financial Inclusion FinTech Underserved Central Bank 101

PYMNTS

JANUARY 30, 2018

New products, partners, and certifications will pave the path to growth for startup Amaryllis in 2018. Amaryllis teamed up with banks to fill that need, which Bishopp said has become table stakes in the sharing economy space. Taxi drivers, he said, manage their business day-to-day. They need to fill up on gas as they go.

Underwriting 46

Underwriting Acquirers Facilitators Business Day 46

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy. Fintech Taipei – major fintech event in Taiwan.

Innovation 118

Innovation FinTech Payment APIs and Integration Non-Bank 118

PYMNTS

DECEMBER 26, 2018

52 Mondays 2018 is the second annual edition of those columns, which offer a play-by-play perspective on the developments in the most dynamic ecosystem in the world. They are presented in the order published, giving you, more or less, a mini payments and commerce time capsule for 2018.

Payments 67

Payments Product PayPal Economy 67

PYMNTS

NOVEMBER 1, 2018

alone, the value of faster payments is expected to hit $255 billion by the end of 2018. As the gig economy expands, workers want solutions that will satisfy their need for quicker access to funds. Within the U.S. Other services, including delivery platform Postmates , are responding with similar offerings of their own.

Instant Payments 75

Instant Payments Economy Real Time Payments Faster Payments 75

PYMNTS

JUNE 10, 2019

The sharing economy has transformed the way consumers get transported from point A to B, how they rent vacation homes, how they get food delivered and, increasingly, how they shop. The latest Platform Economy Playbook explores how digital platforms have enabled companies to move beyond transactional digital commerce and explore new models.

Economy 44

Economy Origination Consumer Facilitators 44

The Fintech Times

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth? Genuine fintech growth?

FinTech 58

FinTech Digital Currency Central Bank Economy 58

PYMNTS

MARCH 5, 2019

China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. percent growth the country reported in 2018. With the Chinese government now forecasting a range of GDP growth this year, it gives lawmakers more room to try different ways to stimulate the economy.

Economy 46

Economy Government Governance Risk 46

PYMNTS

JUNE 13, 2019

It’s no secret that the gig economy has grown by leaps and bounds. The economic potential is also considerable, as in 2018 it is estimated that gig workers earned $1.7 As many as a third of U.S. workers are involved, in some way, in project work. The rising tide does not necessarily mean that all boats are lifted.

Economy 49

Economy On-Demand Volume Posting 49