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

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

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

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. At the time, Sri Lanka had foreign reserves of just $4billion and in an attempt to lower the demand for dollars, the government brought in an overnight ban on imported fertilisers that forced farmers to go organic overnight.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

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

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

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

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 Interoperability Consumer 70

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

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

DECEMBER 8, 2020

Because while four or five years ago millennials looked like a generation holding back from homeownership, either due to preference or financial constraint, as 2020 comes to a close the situation has changed markedly. Things like homeownership. The Mid-Century Housing Boom . When World War II ended, the U.S.

Economy 141

Economy Returns Consumer On-Demand 141

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

PYMNTS

DECEMBER 28, 2020

Instant payments, he said, aren’t the genuine article unless all three are available — and he predicts that 2021 will be the year that the entire economy starts to adopt them. The year 2020 has only accelerated that, Edwards said. is an urgent need to meet increasingly surging demand. Making The Jump To Instant And Digital .

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

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

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

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

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

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 122

Database Economy On-Demand Innovation 122

PYMNTS

JULY 7, 2020

“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” . While some businesses are looking to source goods and materials closer to home, in most cases the efficiency, diversity and effectiveness of the globalized economy has never been more important.

Innovation 110

Innovation Non-Bank Economy Treasury 110

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

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

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

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 93

Cross-Border Processors Multi-Currency Contactless Payments 93

PYMNTS

APRIL 14, 2020

In the latest Gig Economy Tracker , PYMNTS analyzes the way the freelance industry is responding to COVID-19, and how the pandemic could potentially change the future of the gig economy as questions surrounding freelancer benefits, payments and healthcare continue to arise during its spread. Around The Gig Economy Payments World.

Economy 114

Economy Regulations On-Demand Risk 114

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 FinTech On-Demand 105

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

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

PYMNTS

JULY 17, 2020

“[A solution] that is ubiquitous, digital, 24/7, year-round and on-demand, and offers the ability to provide people with a choice in how they receive their funds, with many instant payment options.”. Read more executives’ insights in How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond).

Ubiquitous 96

Ubiquitous Instant Payments On-Demand Innovation 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

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

NOVEMBER 25, 2020

But like so many other things this year, that image might be on hold for 2020. Within the context of 2020, that has meant a rapid shift to digital and multi-channel sales methods. He said PayPal wants to help SMBs bridge the digital divide quickly and with the kinds of services consumers are demanding.

Contactless Payments 123

Contactless Payments PayPal Small Business On-Demand 123

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 102

Financial Inclusion FinTech Underserved Central Bank 102

PYMNTS

OCTOBER 11, 2020

T]he euro area economy is still operating far below its pre-pandemic level," he added. While this in part can be attributed to ongoing supply-side interruptions, the speed of the recovery is also held back by a lack of buoyancy in demand conditions. Economic output by the end of 2020 is expected to wind up about 5.2

Central Bank 96

Central Bank Assessments Consulting On-Demand 96

PYMNTS

NOVEMBER 13, 2020

First has been the focus on digital transformation that essentially saved the economy during lockdowns. Tapping Into ‘Sizeable Demand’ Via BaaS. Timing is right for these solutions as world economies reorganize. Another related theme is the need for legacy core banking systems to upgrade in ways that don’t protract disruptions.

Cross-Border 103

Cross-Border Cross-Border Payments Correspondent Bank Payments 103

PYMNTS

DECEMBER 10, 2020

As stated in the company’s S-1 filing with the Securities and Exchange Commission, domestic travel has helped the company rebound from nadirs seen as the coronavirus brought global economies to a standstill. Platform companies are all the rage on Wall Street. 10) far above initial targeted ranges. As noted in this space previously, on Sept.

Cross-Border 99

Cross-Border On-Demand Facilitators Transactions 99

PYMNTS

MAY 15, 2020

And the government noted that the economy lost 20.5 The UN said the deciding factor in the ultimate numbers of worldwide unemployment will be if the economy can rebound in any fashion in the latter half of 2020, and if policy measures that different governments take can bolster demand for labor. percent to March’s 3.9

Economy 89

Economy Payroll Governance Government 89