Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. in 2020, reaching $4.28 Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

JANUARY 14, 2021

economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to the Federal Reserve’s Beige Book report on Wednesday (Jan.

Fed 63

Fed Federal Reserve Economy On-Demand 63

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. Key Data Points: 46 percent of SMBs experienced an increase in demand for their products or services. percent made purchases via mobile in the last 24 hours.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

FEBRUARY 27, 2020

A quick glance at the workforce of 2020 doesn’t immediately present itself as all that different from the workforce of the year 2000. That’s because a decade ago, the gig economy was still in its nascent stages. According to the latest edition of the Gig Economy Tracker , PYMNTS found that 42 percent of U.S. gig economy.

Economy 94

Economy Payroll Instant Payments Use Case 94

Fintech Finance

JULY 11, 2024

The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. Since launching in 2020, around two-thirds of the Brazilian population has used Pix to make and receive payments. The post OpenPayd Launches Pix Instant Payments appeared first on Fintech Finance.

Instant Payments 98

Instant Payments Embedded Finance Real Time Payments Payments 98

Fintech Finance

OCTOBER 28, 2024

Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Our success with Dojo demonstrates just how strong the demand from small businesses is for timely, accessible capital.

Embedded Finance 105

Embedded Finance Finance On-Demand FinTech 105

PYMNTS

JANUARY 6, 2020

Uber was a San Francisco-based on-demand black car service. PayPal was part of eBay, reported 100 million active users and was accepted at fewer than 350,000 merchants. eBay was considered Amazon’s biggest competitor. Facebook was two years away from realizing it really needed a mobile app. Netflix had just introduced its streaming service.

Economy 70

Economy Innovation Consumer Interoperability 70

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. Blue Apron has also had trouble meeting labor demands, according to reports. It’s not a question that will be answered tomorrow.

Economy 85

Economy On-Demand Shutdown Consumer 85

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

NOVEMBER 26, 2020

Something to bear in mind in 2020, when, as was the case in 1939 when Thanksgiving got its last major revision by presidential order, Americans are celebrating the holiday facing a national crisis, deep economic uncertainty and preparing to celebrate their holiday very differently and far more digitally than they ever have before.

On-Demand 107

On-Demand Consumer NOV Continuity 107

PYMNTS

AUGUST 17, 2020

And that’s the rise of the auto-refill economy. Reynolds reported that 26 percent of its customers in Q3 2020 use eCommerce to buy their products. P&G reported that eCommerce is now 10 percent of its business, growing globally by 35 percent in Q3 2020. General Mills reported that its U.S. General Mills reported that its U.S.

Economy 134

Economy Adjustments Consumer Product 134

The Fintech Times

NOVEMBER 14, 2024

In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. The uptake of smartphones and the internet has consequently led to a greater demand for payment solutions. To meet this demand, the government launched its Digital Uzbekistan 2030 Strategy in 2020.

FinTech 71

FinTech Online and Mobile Banking Financial Inclusion Central Bank 71

Fintech News

AUGUST 26, 2024

In 2023, the insurtech sector in Southeast Asia saw a remarkable resurgence, marking a significant rebound not witnessed since 2020. billion and 32 transactions recorded in 2020. Millennial and gen Z individuals are seeking products tailored to their on-demand lifestyle. billion and Bolttech’s US$246 million Series B round.

On-Demand 143

On-Demand Product Transactions Adjustments 143

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 By percentage, the Middle East and the Russian Federation experienced the sharpest decline, more than one third, primarily reflecting the effects of low demand and oil prices on remittances.

Authorization 101

Authorization Returns On-Demand Economy 101

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. billion during 2020’s first nine months. percent during 2020’s first nine months to $1.75 GoodRx earned $55 million in 2020’s first half prior to the company’s September IPO. 9 to close at $189.51.

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

JUNE 30, 2020

But bit by bit, economies are reopening and taking tentative steps toward normalcy. To get there, according to some of the executives we queried, agility is key, and responding to end users’ demands will be paramount. The pandemic may be here for a while. That may entail shifts in the way payments get done, in terms of speed.

End User 107

End User On-Demand Commercial Card Instant Payments 107

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

Database 115

Database Economy On-Demand Innovation 115

The Fintech Times

OCTOBER 28, 2024

Payment technology provider, Dojo , has now successfully extended over £1billion in flexible funding since 2020, in partnership with global embedded financing platform YouLend. Our success with Dojo demonstrates just how strong the demand from small businesses is for timely, accessible capital.

Embedded Finance 63

Embedded Finance Small Business Finance On-Demand 63

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 111

Financial Inclusion Innovation Payments NOV 111

PYMNTS

JANUARY 7, 2021

There’s the platform model, where contractors create profiles and upload portfolios; we’ve got the on-demand type (think restaurant mobile order-ahead and day labor apps); and freelancer apps that may allow gig workers to classify themselves by vertical expertise or specialty. Once again, the DoorDash on-demand app takes No.

Ubiquitous 96

Ubiquitous On-Demand Economy 96

PYMNTS

JANUARY 19, 2021

The banks' continued reticence on lending reflects the uncertainty still present in the economy due to COVID-19, including various government lockdowns and spikes in case counts. As loan demand declined, demand for fixed investments continued to weigh on the overall loan environment.

On-Demand 69

On-Demand Central Bank Economy Authorization 69

PYMNTS

NOVEMBER 30, 2020

As has been long forecast, not to mention strenuously requested by the CDC, the 2020 shopping season is shaping up to be a rather digital affair, with customers eschewing stores in favor of digitally enabled shopping paths. Digital Sales Surge on Black Friday. Read More On Digital Commerce: Incentivize Consumers To Take The COVID Vaccine?

Economy 60

Economy Wires Wire On-Demand 60

PYMNTS

MAY 25, 2020

The balance of 2020 will be notable for what Amazon does not do. For example, eSports will likely ride to the rescue of some malls, while big-concept eating conglomerates such as Eataly will be in high demand. Nike will end 2020 as a consistent retail force, commanding respect for more than the shoes. The Digital Shift.

Shutdown 64

Shutdown Returns On-Demand Governance 64

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

The Fintech Times

JULY 14, 2024

Since launching in 2020, around two-thirds of the Brazilian population has used Pix to make and receive payments. This demonstrates the scale of, and demand for, real-time payments in the LatAm market,” said Mert Aslaner , head of product at OpenPayd. This is achieved all through a single API or via the online platform.

Embedded Finance 104

Embedded Finance Payments Funds Transfer API 104

Open Banking Excellence

SEPTEMBER 27, 2024

This transformative change drove major financial institutions to re-evaluate their strategies, ultimately resulting in a notable achievement: by 2020, 16.8 With a progressive regulatory environment , and a growing demand for digital financial solutions , now is the perfect time to enter this dynamic market.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

JULY 3, 2020

economy will make it through. However, the rest of 2020 will likely involve rebuilding and resetting. For instance, Taylor said one of her bank’s clients runs regional bike shops that have seen business boom to such an extent that “they can’t keep the bikes or the equipment on the shelves.”. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

Fintech News

OCTOBER 1, 2024

The last decade has seen significant growth in Islamic banking globally, with the Asia-Pacific (APAC) region emerging as a pivotal hub for Islamic finance, driven by rising customer demand and the adoption of modern technologies. trillion in assets under management (AUM) in 2019 and recording an annual growth of 14%.

Treasury 114

Treasury AI Finance Laws 114

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. But it’s countries like China and India where the economy developed a mobile-first mindset that is driving real growth in digital payments.

Economy 53

Economy PayPal Void Payment Gateways 53

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. That should reduce a pop due to the law of supply and demand, or at least let the company raise more money by selling a greater supply of shares at a time when IPOs are hot. Then shares soared 85.8 percent to $158.22 on their first trading day.

Economy 79

Economy Push-to-Card On-Demand Metaverse 79

PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 57

PYMNTS

JULY 18, 2020

It’s been 129 days since the NBA officially announced its shutdown and played its last regular-season game of 2020. And for those players, it really will be a small world after all – as players, coaches, team staff and anyone actively participating in the remainder of the 2020 season will be quarantined together.

Shutdown 77

Shutdown Ubiquitous On-Demand Caps 77

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. We’ve seen a massive increase in demand for eCommerce for our business. Expect The Uncertain.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

The Fintech Times

SEPTEMBER 12, 2024

Past data revealed a 56 per cent increase in consumers engaging in e-commerce weekly since 2020. This growth, evident in transactions processed by Checkout.com for merchants like Tamara and Tabby , hammers home the fact that consumers are demanding flexible payment plans now more than ever.

Consumer 68

Consumer BNPL Payments Payment Solutions 68

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Over the last two weeks, consumers have added 47 days to how long they think it will take for them to return to normal, and when they think the economy will truly reopen. Healthy Or Hermits? percent from 35.5

Economy 83

Economy Consumer Risk Returns 83

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. It’s an engine for growth enhancing connectivity.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

SEPTEMBER 27, 2019

The sharing economy continues to grow and expand as it takes on a heavier load of digital payment and commerce. According to an announcement for the service, the average pool costs $45 per hour and is based on size, amenities, demand and timing. Back on the water, the sharing economy is also starting to take in more boats.

Economy 51

Economy On-Demand Compromise Digital Payments 51