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

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 Government Governance 45

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

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

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

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

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 Financial Inclusion Government 79

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

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 116

Financial Inclusion Innovation Payments NOV 116

PYMNTS

JUNE 4, 2018

Reports of her 2018 internet trends presentation have been hard to avoid in recent days, and not every Meeker observation rises to the level of news or wisdom. No one reading this needs to be told how the importance of the gig economy and freelance work continues to grow, but Meeker offered her perspective. Take privacy.

AI 44

AI Privacy Economy On-Demand 44

PYMNTS

JANUARY 19, 2018

where payments and FinTech companies have worked to raise awareness of the issue, and where government policymakers have taken steps to combat the problem. According to government data, up to half of Australia’s SMBs are owed more than $20,000 by larger companies who, according to Carnell, use their small suppliers as “cheap finance.”.

Governance 40

Governance Government Small Business Payments 40

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 Authorization Laws Regulations 75

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

PYMNTS

FEBRUARY 25, 2020

The Dow Jones Industrial Average dropped over 1,000 points on Coronavirus fears regarding the economy. In October, consumer confidence in the European Union fell to its lowest level since the end of 2018. which was at the lowest level since December of 2018, and a larger drop than the -6.8 points to -7.6, that was predicted.

Consumer 52

Consumer Economy Central Bank Assessments 52

PYMNTS

FEBRUARY 14, 2018

The downward revision to December’s data also suggests that the government could lower its fourth-quarter estimate for consumer spending. Likewise, the economy grew at a 2.6 Consumer spending accounts for two-thirds of U.S. economic activity, and was reported to have picked up at a 3.8

Adjustments 40

Adjustments Consumer Economy Governance 40

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 120

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 120

The Fintech Times

JULY 12, 2024

Over the last 12 months, UK investment was also above pre-Covid investment levels of 2018 and 2019. However, this was still more investment than all other European countries combined, representing 12.7 per cent share of the global market.

FinTech 59

FinTech Innovation Finance Returns 59

PYMNTS

DECEMBER 26, 2019

Initial public offerings (IPOs) in India during 2019 have dropped to a four-year low as the Southeast Asian country’s economy cools, according to Reuters. Analysts anticipate additional government reforms in 2020 could help improve stock markets, however. billion in 2018. billion in 2019. IPO value was at $11.7 overall in 2019.

Economy 52

Economy Government Governance Consulting 52

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

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

FEBRUARY 28, 2019

economy slowed to an annual rate of 2.6 In the third quarter, the economy grew 3.4 Also hurting economic growth was a pullback in consumer spending due to concerns about a trade war with China and a government shutdown that was the longest in modern history. For all of 2018, the U.S. economy logged growth of 2.9

Shutdown 43

Shutdown Economy Government Governance 43

PYMNTS

MAY 3, 2019

Moody’s chief economist says ADP has inflated its report of 275,000 jobs and will be closer to 175,000 to 200,000 in a government jobs report being released later this week. Whether these job creation figures are accurate or not, there’s no question that the rise of gig work is having an impact on the economy. income in 2018.

Economy 40

Economy Participant Rules Payroll 40

PYMNTS

APRIL 9, 2020

The growth of Uber for Business comes after an experimental version of the offering debuted in 2018. 64 Pct Of Consumers Want Government To Save SMBs. percent of consumers say they believe the government should offer funding to help SMBs cope with the crisis. Starbucks Expects 46 Pct Q2 Earnings Drop Amid Pandemic.

Finance 56

Finance Disputes Economy Visa 56

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 Government Governance Process 108

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. Millions of people share creative content or advertise their small business’ goods online,” the British government said in a press release. UK Regulations to Create New Digital Markets Unit.

Regulations 57

Regulations Interoperability Compliance Governance 57

PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

Shutdown 46

Shutdown Federal Reserve Economy Fed 46

PYMNTS

NOVEMBER 30, 2020

Plus, the United Kingdom government is making a new Digital Markets Unit to enforce regulations that apply to Big Tech. The government of the United Kingdom is creating a new Digital Markets Unit assigned to enforce regulations that apply to Big Tech firms. Growing HungryPanda Notches $70 Million In Funding.

eWallet 55

eWallet BNPL Non-Bank Debit Card 55

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

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

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. report revealed that government investment in such frameworks is key to advancing mPOS adoption.

Online and Mobile Banking 51

Online and Mobile Banking Governance Government Digital Payments 51

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

JUNE 30, 2020

Shine, which rolled out in 2018, has notched €10.8 In 2018, Reboud spoke to PYMNTS regarding the state of the gig economy at the time — the French version of it — and the firm’s place in the landscape. million from XAnge, Daphni, Kima Ventures and multiple business angels.

Acquirers 52

Acquirers Economy Governance Government 52

PYMNTS

FEBRUARY 13, 2019

million in 2018 — up nearly 8 percent from $247 million in 2017. In October, the agency said that marijuana business licenses comprised 77 percent of all new licenses in the first half of 2018. In comparison, California ‘s marijuana market has struggled since sales began in January 2018. billion the previous year.

Credit Union 62

Credit Union Legal Regulations Economy 62

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

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds.

Shutdown 46

Shutdown Economy Consumer Governance 46

PYMNTS

SEPTEMBER 12, 2019

Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6 percent from the month prior — the weakest sales performance since December 2009.

Shutdown 54

Shutdown Economy Continuity Governance 54

The Fintech Times

AUGUST 19, 2024

Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.

Economy 64

Economy Online and Mobile Banking FinTech Governance 64