PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

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. Consumers increasingly use mobile phones and other connected devices and apps to make the most of the daily activities that fill those 24 hours. Yet everything has changed.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. After all, speculation and anticipation serve as the brush-and-paper, quick-burning fuel of the bonfire known as the economy. consumer ridesharing market.

Payments 89

Payments Economy Underwriting Continuity 89

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners. 10 and Sept.

Consumer 122

Consumer Volume Continuity Returns 122

PYMNTS

APRIL 29, 2020

Many physical bank branches have temporarily closed or reduced service hours to better safeguard their employees and spare themselves the costs of operating branches now that consumers are staying home. consumers found that 82 percent had reservations about visiting branches, while 63 percent were more willing to try apps.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

AUGUST 30, 2020

Profits, the report found, were around $18 billion across both the first two quarters this year — a massive downward trend from the near $55 billion from 2019. billion, with CEO Jamie Dimon saying the purpose was to brace for the uncertain economy and people maybe not being able to pay loans back. Morgan setting aside $10.47

Consumer 82

Consumer Economy Legal Governance 82

PYMNTS

APRIL 8, 2019

The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. The global sharing economy stood at about $148 billion in 2014 (certainly nothing to sneeze at), and will balloon to $335 billion by 2025, less than six years away.

Economy 78

Economy Payments Authorization Verification 78

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. Revenue within the Acceptance and Payments segments included revenue from the First Data acquisition in July 2019.). The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019.

Economy 67

Economy Contactless Payments Adjustments Processors 67

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. consumers cannot pay for a $400 emergency. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

JANUARY 25, 2021

A new study from the Federal Reserve Bank of New York shows that people expect the economy to rebound by next year, according to a press release. If consumers had an unexpected 10 percent boost in income, 36.3 percent seen in December 2019. percent in December 2019, according to the release. percent in August and 2.4

Fed 71

Fed Consumer Federal Reserve Non-Bank 71

PYMNTS

JULY 6, 2020

When the digital economy started to reduce jobs in some areas and create them in others, a more robust “ gig economy ” developed. Now that the digital shift is underway in a big way, retailers need to enter a new kind of gig economy. All of a sudden, it seemed, being a free agent was cool. Side hustles were in.

Economy 64

Economy Research Consumer Returns 64

PYMNTS

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. percent of consumers have bought CPG through these channel.”.

Consumer 84

Consumer Shutdown Volume Product 84

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 133

Financial Inclusion Embedded Finance Payments Push-to-Card 133

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

PYMNTS

NOVEMBER 30, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. This year, FT reported, the event morphed into an 11-day spree, and consumers spent $75.8 That's a 26 percent increase from the same time in 2019.

Consumer 70

Consumer NOV Origination Economy 70

PYMNTS

JULY 26, 2020

Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. The top end of the market behaves like the western world, and the bottom of the pyramid has similarities with developing or undeveloped economies,” he said.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

PYMNTS

DECEMBER 29, 2020

According to Mastercard ’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. Most consumers start with their phone, and then it goes wherever they want to go.

Consumer 72

Consumer Visa Ubiquitous Economy 72

PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal.

Consumer 67

Consumer Fed Shutdown On-Demand 67

Fintech Finance

DECEMBER 17, 2024

The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers. Increasingly drawn to international travel, luxury purchases, and digital transactions, Vietnamese consumers are part of a strong trend towards experiential consumption.

Payments Trends 83

Payments Trends Cross-Border AI Payments 83

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

DECEMBER 28, 2020

After all, consumers were pushed onto digital platforms early in the season and then pushed again as the pandemic surged even as they risked post-holiday package arrival. Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. percent in 2019. percent unemployment rate.

Visa 104

Visa Economy Consumer Advisors 104

PYMNTS

JANUARY 26, 2020

Despite the slowing economy that had Chinese officials hoping people would spend, the government is now advising residents to stay home as the deadly virus spreads. The virus — a genetic cousin of the SARS virus— comes at a time when 7 million Chinese tourists travel abroad during the Lunar New Year holiday in 2019.

Consumer 77

Consumer SARS Origination Economy 77

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Governance 98

PYMNTS

JULY 29, 2020

Visa managed to come out ahead of analyst expectations for both revenue and earnings when it reported its Q2 results yesterday (July 29), but the world’s largest card network found itself hit hard by plummeting consumer spending in the second quarter. For the quarter that ended June 30, Visa reported net income of $2.4 billion, or $1.07

Consumer 68

Consumer Cross-Border Cross-Border Payments Volume 68

PYMNTS

NOVEMBER 13, 2020

An exclusive research project from PYMNTS shows that Walmart could leverage its new membership model to capture more of the consumer’s whole paycheck. A study of a census-balanced sample of 2,165 consumers conducted Oct. consumers report having a Walmart+ membership, just a bit more than a month after its launch.

Economy 60

Economy NOV On-Demand Adjustments 60

PYMNTS

APRIL 21, 2020

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. percent year over year as measured by PSCU for the 13th week of the year (week of March 23, 2020, compared to week of March 25, 2019). Overall credit card spend was down 29.9

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

OCTOBER 22, 2020

In a July letter to investors , CEO Reed Hastings said, “In the first half of this year, we’ve added 26 million paid memberships, nearly on par with the 28 million we achieved in all of 2019. However, as we expected … growth is slowing as consumers get through the initial shock of [COVID] and social restrictions.”.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. Here are some of the most important connected-economy IPOs expected in 2021, listed in order of either their last publicly estimated or confirmed valuation or published reports indicating what a company expects its value at IPO to be: Instacart ($30 Billion) .

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

PYMNTS

OCTOBER 14, 2019

One San Franciscan cabbie who has driven a taxi for 20 years told SF Weekly in June of 2019 that he needs to earn $4,000 a month just to make the monthly payment on a $250,000 loan for a medallion that is worth far less today. The Rise of the Gig Economy. Workers like the security of working for those kinds of businesses, too.

Economy 71

Economy On-Demand Regulations Push-to-Card 71

Fintech News

MAY 15, 2024

According to a comprehensive study by Visa Business and Economic Insights (VBEI) , video gamers are proving to be a highly lucrative consumer segment. The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers.

FinTech 93

FinTech Online and Mobile Banking Payment APIs and Integration Economy 93

PYMNTS

OCTOBER 21, 2020

Before 2014, talking to a virtual assistant and instructing it to turn on the lights, start the dishwasher or order up the groceries was the sort of thing the average consumer would more expect to see in a science fiction or superhero movie than in their house. consumers control nearly all of their daily routines.

Economy 60

Economy Online and Mobile Banking Consumer Non-Bank 60

PYMNTS

JANUARY 26, 2021

Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year. NY Fed: US Consumer Optimism Surges For Long Term. A new Federal Reserve Bank of New York study indicates that individuals foresee the economy will rebound by 2022. percent seen in December 2019.

Federal Reserve 95

Federal Reserve Fed Economy Finance 95

PYMNTS

JULY 1, 2020

The pandemic is likely to hit demand for luxury goods hard, with tourism expected to be in a downturn for some time and the Chinese economy having slowed after driving substantial growth in recent years. billion compared to 2019. billion in 2019. billion in 2019. percent this year, a fall of $2.1

Continuity 98

Continuity On-Demand Economy Consumer 98

Fintech Finance

AUGUST 21, 2024

Based in Bangkok, Winnie will oversee all Mastercard activities in the two markets, including business development, implementation of innovative, safe, and smart payments solutions for businesses and consumers, as well as the growth and delivery of commercial solutions to corporations and SMEs.

Visa 96

Visa Cross-Border Economy Financial Inclusion 96

PYMNTS

OCTOBER 5, 2020

The latest: China’s digital economy giant has struck a multimillion-dollar deal to buy as much as a 9.99 The firm reported that annual active consumers in its China retail marketplaces hit 742 million in the quarter concluding June 30, an increase of 10 percent compared to 674 million for the same quarter in 2019.

Acquirers 105

Acquirers Economy Addressing Consumer 105

PYMNTS

SEPTEMBER 18, 2020

1 factor in consumer shopping behavior as shown over time in the PYMNTS COVID-19 tracker project. Deloitte also forecasts the digital shift, saying eCommerce sales will grow 25 percent to 35 percent over 2019 levels, compared to a 14.7 percent lift in 2019 over 2018. The second wild card is consumer spending.

Consumer 91

Consumer Mitigation Economy Continuity 91

PYMNTS

DECEMBER 16, 2020

economy to a screeching halt in Q2 2020. PYMNTS’ recent Subscription Commerce Conversion Index found that the share of SaaS firms that offered free trials increased 6 percentage points between Q4 2019 and Q4 2020. The pandemic has affected nations around the globe and touched almost every industry, bringing the U.S.

Consumer 74

Consumer On-Demand Origination Privacy 74