PYMNTS

DECEMBER 16, 2020

The COVID-19 pandemic has been hard on everyone – consumers, businesses, government officials and healthcare workers – but the pain has been far from evenly distributed over the past nine months. Small and medium-sized businesses (SMBs) have unfortunately found themselves at or near the top of COVID-19’s 2020 hit list.

On-Demand 112

On-Demand Shutdown Returns Economy 112

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. This happens even as governments shut borders.”.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

The Fintech Times

OCTOBER 23, 2024

The robust growth of digital commerce in MENA in recent years saw digital payment volumes grow by 658 per cent since 2020, according to Checkout.com processing data. The robust growth of digital commerce in MENA in recent years saw digital payment volumes grow by 658 per cent since 2020, according to Checkout.com processing data.

Facilitators 72

Facilitators Governance Government Digital Payments 72

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 billion this year, according to Asian Development Bank (ADB) economists.

Authorization 101

Authorization Returns On-Demand Economy 101

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. The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services.

Regs 95

Regs NOV Law Enforcement Economy 95

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

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. COVID-19 was actually great news for DoorDash , as government shutdowns and consumer virus fears forced restaurants almost everywhere to eliminate dining in and switch to pickup and delivery. DoorDash ($39 billion).

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

FEBRUARY 25, 2020

Rest easy, gigsters: Someone is thinking about you, starting with governments around the world that suddenly seem aware of how big of a deal gig work has become in the past 10 years. Some actually go quite a bit further into fairly draconian territory as governments set things right for gig workers – whether gig workers want the help or not.

Economy 56

Economy Laws Legal Governance 56

The Fintech Times

SEPTEMBER 16, 2024

Brunei Darussalam, more commonly known as Brunei, has transformed its economy for the better following the discovery of oil and gas in 1929. However, as the world starts to turn away from fossil fuels, the country is starting to diversify its economy: we explore fintech’s role in Brunei’s new economic plan.

Economy 59

Economy Central Bank Non-Bank FinTech 59

PYMNTS

SEPTEMBER 17, 2020

Tencent’s 2020 Pandemic and the QR Code Economy Report , released in May, reported that QR code usage had increased 25 percent from the previous year, with over 140 billion instances of usage from governments, businesses and individuals. companies like Walmart and Walgreens, in addition to Apple utilizing them for Apple Pay.

Debit Card 130

Debit Card Mobile Payments Returns Economy 130

PYMNTS

JULY 8, 2020

According to Tencent’s 2020 Pandemic and the QR Code Economy Report , released in May, “In the first quarter, the WeChat QR code economy increased by 25.86 During the pandemic period (including data from 2020 Jan. 23-May 6), government, businesses and individuals used WeChat QR codes over 140 billion times in total.”.

Posting 117

Posting Point-of-Sale (POS) Contactless Payments PayPal 117

Fintech News

DECEMBER 2, 2024

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. rate in 2023.

Financial Inclusion 113

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 113

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. PYMNTS.com 2020 SOURCE: 2019 How We Will Pay Study. In fact, the U.S. Turning Time Into Money.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

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

PYMNTS

SEPTEMBER 11, 2019

10) — and in so doing has very possibly changed the course of the gig economy forever. According to Catherine Ruckelshaus, general counsel of the National Employment Law Project drivers in those states should be classified as employees, but via the use of arbitration agreements with workers gig economy firms have made enforcement difficult.

Economy 65

Economy Laws Legal Framework Legal 65

PYMNTS

OCTOBER 16, 2020

In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years. During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come. Furthermore, the Beijing government has requested that banks forfeit 1.5

Regulations 112

Regulations Central Bank Risk Governance 112

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Nearly twice as many consumers are putting more stock into what medical science is telling them will lower their risk of contagion than what governments say is safe to do. Healthy Or Hermits?

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

MAY 15, 2020

In addition, the government indicated that job openings fell to 6.19 And the government noted that the economy lost 20.5 The food services and accommodation vertical had 4.1 million staffers receive pink slips, while 908,000 people lost their positions in the retail industry. million by 654,000. percent to March’s 3.9

Economy 89

Economy Payroll Governance Government 89

PYMNTS

JULY 26, 2020

He told the newspaper that it will be a challenge to convince other countries to accept UPI because governments prefer regulatory control. Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. There’s a huge opportunity,” Shah said.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

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 120

Financial Inclusion Innovation Payments NOV 120

PYMNTS

MAY 25, 2020

The balance of 2020 will be notable for what Amazon does not do. On March 24, knowing that some kind of government program was being considered, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure. For instance, it will not buy JCPenney. The Digital Shift.

Shutdown 64

Shutdown Returns On-Demand Governance 64

Fintech News

OCTOBER 21, 2024

The Indonesian government has also played a critical part in fostering digital payments. E-wallets gain momentum in the Philippines amid financial inclusion efforts In the Philippines, e-wallet adoption has surged due to the country’s large unbanked population and ongoing efforts from the government to improve financial access.

Financial Inclusion 142

Financial Inclusion Embedded Finance Payments Push-to-Card 142

The Fintech Times

SEPTEMBER 14, 2024

With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. These economies have since developed into fully advanced nations.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

DECEMBER 22, 2020

government’s economic report boosted its earlier estimates of growth up by a bit. The economy, as measured by gross domestic product ( GDP ), grew by about one-third in the third quarter of 2020. This growth followed the epic second-quarter collapse of the economy. An update to the U.S. percent annualized rate.

Economy 52

Economy Rules Governance Government 52

PYMNTS

MARCH 31, 2020

By all reasonable measures, the first three months of 2020 have been a wild ride. 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. Will the major expenditure work to buffer the economy? Probably not.

Economy 56

Economy Push-to-Card IRS ACH 56

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

PYMNTS

JULY 17, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Drew Edwards , CEO at Ingo Money. Those impacts on livelihoods are lessons that will hopefully drive the call for innovation across government and businesses alike. Take another kind of paper – checks.

Ubiquitous 96

Ubiquitous Instant Payments On-Demand Innovation 96

PYMNTS

JANUARY 7, 2021

Despite a raging pandemic, widespread unemployment and a fragile economy, U.S. To put the latest move into perspective, Experian said 2020’s larger-than-usual annual increase accounted for one-third of the total improvement in scores seen since 2010, which have inched higher in 9 of 10 years. trillion as of the third quarter of 2020.

Credit Cards 94

Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve CFPB 94

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. But Central Bank of Nigeria Governor Godwin Emefiele said he was committed to boosting jobs and the economy, which would include modern payments services.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Governance 79

PYMNTS

JANUARY 20, 2021

But as restaurants continue to struggle, amid changing rules from local governments and the continuing threat of COVID-19, the boost might not last, WSJ notes. After the first stimulus checks were sent out in April of 2020, the boost to the economy faded rather quickly, the news outlet noted. Restaurant sales dropped 19.5

Checks 91

Checks Economy Rules Continuity 91

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. of households, while Internet penetration is 62.9%.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

DECEMBER 14, 2020

That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. Focusing on the U.S., and Singapore.

Visa 106

Visa Economy Small Business Governance 106

PYMNTS

NOVEMBER 22, 2020

The analysis did not factor in the roughly $150 billion in loans that are held by private lenders but backed by the federal government, the WSJ reported. The analysis’s bottom line, according to the Journal, was that borrowers who owe a combined $1.37 trillion in principle and interest will repay about $935 billion.

NOV 113

NOV Governance Government Consulting 113

Fintech News

OCTOBER 1, 2024

The underlying principles that govern Islamic banking are mutual risk and profit sharing between parties, the assurance of fairness for all, and that transactions are based on an underlying business activity or asset. trillion in assets under management (AUM) in 2019 and recording an annual growth of 14%.

Treasury 120

Treasury AI Finance Laws 120

PYMNTS

JULY 8, 2020

economy — a recovery is in the cards, yes. Last month, the Federal Reserve estimated that Fed officials indicated that, as noted in The New York Times , the unemployment rate will close 2020 at 9.3 That represented the biggest increase since the federal government began tracking the number in 1959. But it will take a while.

Consumer 61

Consumer Federal Reserve Cross-Border Fed 61

FICO

JANUARY 15, 2021

And while there continues to be uncertainty about the economy, FICO® Scores were steady.As Here are the top five posts from 2020 related to the FICO Score: FICO Resilience Index Now Available For Lenders To Pilot. FICO® Score was 711 in October 2020 – a full 5 points higher than the average FICO® Score reported a year before.

Posting 59

Posting Agreements Credit Cards Consumer 59

PYMNTS

SEPTEMBER 29, 2020

Consumer spending has been on something of a roller-coaster ride in 2020 thus far – dropping into the basement in the spring, but showing signs of recovery over the summer. How US Government Aid Impacts Consumer Spending. The NBER found that as the government reduces unemployment benefits, consumer spending contracts.

Consumer 95

Consumer Governance Government Economy 95