PYMNTS

APRIL 2, 2020

Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming directly from the government, The Sydney Morning Herald reported. The Business Securitisation Fund was announced in late 2018 as a way to support small and medium-sized businesses (SMBs).

Governance 66

Governance Government Security Mitigation 66

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. government conducts a study every year to measure how Americans spend those 24 hours. movies per year in the theater in 2018, versus the 5.2 In fact, the U.S.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

PYMNTS

MARCH 29, 2020

government could deliver its stimulus funds to help the coronavirus-wrecked economy. The popular apps have seen widespread use in recent years, though the government thus far has not adopted either one for any official means. Venmo and Cash App want to be considered as ways the U.S.

Venmo 97

Venmo Treasury Federal Reserve Direct Deposit 97

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

The Fintech Times

SEPTEMBER 27, 2024

In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest. Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

The Fintech Times

JUNE 27, 2024

Backed by the Bahraini government, ecosystem builder BFB has emerged as the country’s leading fintech platform, providing innovation labs, acceleration programmes, curated activities and educational opportunities.

FinTech 111

FinTech Agreements Innovation Economy 111

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

Finovate

NOVEMBER 18, 2024

While this revenue figure has grown 7% each year since 2018, McKinsey estimates the growth will slow to 5% per year for the next five years. The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S.,

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

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

The Fintech Times

JANUARY 13, 2025

Since 2018, open banking technology has also helped facilitate around 400 million successful payments. This Bill signals clear governmental intent to build on open bankings data-sharing principles to deliver a smart data economy worth an estimated 10billion over the next 10 years. More than 11.7 Meanwhile, these users make over 22.1

Cross-Border 59

Cross-Border Finance Ubiquitous Interoperability 59

PYMNTS

DECEMBER 28, 2018

There is a decent chance that the 2018 holiday season will be remembered as a time when it became much more clear that survival in the cutthroat pursuit of commerce depends on the stories one can tell about a product or brand. But that’s not all. Stuff vs. Experience.

Visa 62

Visa Consumer On-Demand Shutdown 62

PYMNTS

JULY 2, 2020

OPay , the SoftBank -backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. OPay was formed a year earlier than that, in 2018, as a way for mobile customers to send and receive money.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Governance Government 79

PYMNTS

MARCH 5, 2019

China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. Reuters , citing Chinese Premier Li Keqiang, reported the Chinese government is aiming for economic growth of between 6 percent and 6.5 percent growth the country reported in 2018. trillion yuan made last year.

Economy 46

Economy Governance Government Risk 46

PYMNTS

MARCH 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. But governments are also cracking down on companies that get carried away with the blockchain hype.

Governance 49

Governance Government Blockchain Federal Trade Commission 49

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 122

Financial Inclusion Innovation Payments NOV 122

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. have levied €114 million ($126 million) in fines for data violations since instituting stronger privacy mandates in mid-2018.

Governance 52

Governance Government Regulations AI 52

Clearly Payments

OCTOBER 31, 2024

The economy today is tech-driven and payment methods are a key part of that paradigm. Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. However, this growth may face regulatory scrutiny as governments look to protect consumers from potential debt risks.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. which owns Quicken Loans as well.

Small Business 108

Small Business Governance Government Process 108

PYMNTS

AUGUST 28, 2019

Part of Grab’s mission is to modernize the country’s infrastructure for transportation, and it has partnered with the government to accomplish that. The company’s new initiative, called “Tech for Good,” serves as a roadmap to help improve the country’s economy. Maa joined Grab from a major investor, Japan’s SoftBank Group.

Economy 45

Economy Credit Cards Governance Government 45

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s According to the U.K.

Rules 75

Rules Laws Authorization Regulations 75

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

Economy 48

Economy Push-to-Card Shutdown Governance 48

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The BOT and relevant government agencies engaged in dialogues to address legal, accounting, and AML/CFT aspects associated with CBDC implementation.

CBDC 122

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 122

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

AUGUST 3, 2020

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 South Asia could be among the hardest hit regions of the world, with remittances falling by 25 percent compared to their 2018 levels. billion this year, according to Asian Development Bank (ADB) economists.

Authorization 101

Authorization Returns On-Demand Economy 101

Fintech Finance

SEPTEMBER 23, 2024

Jim brings over 25 years of experience in banking and payments and has worked at the forefront of the Open Banking movement since 2018. On joining Raidiam, Lauren said: “The data economy will be the future lifeblood of nations. Open Finance is an enabler and critical component to the development of innovations.

Continuity 98

Continuity ISO 20022 ISOs Central Bank 98

PYMNTS

SEPTEMBER 23, 2019

Big Brother will keep an eye on Chinese businesses as the government’s social credit system compiles data on the country’s 1.4 As China increasingly becomes a market economy, the government is becoming more concerned about improper conduct in the marketplace. billion people, The New York Times reported on Sunday (Sept.

Blocks 71

Blocks Database Governance Government 71

PYMNTS

NOVEMBER 15, 2017

Some governments are beginning to explore blockchain in the context of global trade, too. But even as more technology giants forge ahead with their blockchain plans for 2018 and beyond, scrutiny over the technology and the projects that rely on it is increasing. Scrutiny Heightens.

Blockchain 52

Blockchain Distributed Ledger Technology (DLT) Visa Real Time Payments 52

PYMNTS

FEBRUARY 18, 2020

This came weeks after a January announcement that Thailand’s Digital Economy Promotion Agency (depa) had struck an agreement to bring 27 Thai candidate smart cities into the program. Many cities derive a significant portion of their economies from travel — tourism, yes, but also visits from businesses.

Visa 113

Visa On-Demand Economy Addressing 113

PYMNTS

SEPTEMBER 26, 2019

economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). economy, behind real estate, government and manufacturing. “The internet industry is an American success story that’s creating jobs in every sector of the economy,” IA Chief Economist Christopher Hooton said in a press release.

Economy 47

Economy Governance Government Accounts 47

PYMNTS

FEBRUARY 28, 2019

As the sharing economy grows globally, fostering that confidence and trust between buyers and sellers has become more crucial for platforms to stay relevant and competitive. Around the Payments and Platform Economy World. million tourists using the platform in 2018, a 56 percent increase over the prior year.

Economy 73

Economy Payments Security Payroll 73

PYMNTS

JUNE 30, 2020

Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. It brought about the seizure of 70,000 medical tablets for erectile dysfunction as well as other pharmaceuticals that have not received the green light from the government.

Authorization 80

Authorization Digital Currency Central Bank Bitcoin 80

PYMNTS

SEPTEMBER 21, 2020

Despite the struggling economy, U.S. trillion and total government debt $25.6 Federal government debt increased by 58.9 And state and local government debt increased by an annual rate of 3.5 median household income was on its way up last year, increasing almost 7 percent to $68,700, up from $64,324 in 2018.

Federal Reserve 58

Federal Reserve Fed Governance Government 58

Open Banking

JULY 23, 2024

The milestone comes days after the Government committed to introducing a Smart Data Bill in the King’s Speech, which will unlock the full potential of open banking and expand smart data schemes into other economic sectors. Henk Van Hulle, OBL CEO welcomed the Government’s announcement. I’m delighted that we’ve reached 10 million users.

Small Business 80

Small Business Message Standards Regulations Economy 80

PYMNTS

JULY 28, 2020

China is now the largest export economy in the world, according to the World Bank. In 2018, China exported $2.49 A decline in spending power often has severe repercussions on [a] country’s economy as [funds] are frequently used to create a fiscal cushion for governments.”. trillion to destinations including the U.S. ($479

Cross-Border 71

Cross-Border Visa Business Payments Cross-Border Payments 71

PYMNTS

OCTOBER 16, 2020

Eventually, without further government support or significant labor market improvements, jobless workers may exhaust their accumulated savings buffer, leaving them with a choice to further cut spending or fall behind on debt or rent payments,” the researchers wrote. 16 (Friday) J.P. Morgan Chase Institute analysis and media reports.

Federal Reserve 105

Federal Reserve Research Credit Cards Consumer 105

PYMNTS

APRIL 16, 2019

Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” economy slow in the near future. Bank of America has demonstrated for years now that we can grow well in an economy that is just growing moderately,” he told reporters on a conference call.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

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 59

FinTech Digital Currency Central Bank Economy 59