PYMNTS

JUNE 8, 2020

NBER defines a recession as a “significant decline in economic activity spread across the economy, normally visible in production, employment and other indicators. NBER defines a recession as a “significant decline in economic activity spread across the economy, normally visible in production, employment and other indicators.

Research 57

Research Economy Product 57

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8

Economy 56

Economy Consumer Shutdown Central Bank 56

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. In the payments industry, they’re known as remittances.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

JULY 26, 2020

Neil Shah , an analyst at Counterpoint Research, the Hong Kong-based industry researcher, agreed. Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. It’s going to be a long-drawn process,” he said. The country has diverse needs.

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

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

SEPTEMBER 28, 2020

He added that many customers want to “find ways to be more creative in their purchasing to make sure that they are supporting the economy and small businesses as a whole.”. According to our research, 68 percent of global small businesses expect the winter holiday season to be a major selling opportunity.

Small Business 94

Small Business Contactless Payments Economy Mitigation 94

PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. but in all eight of the markets in which we did the research.”. After all, the big economy can’t really recover until the small one does.

Real Time Payments 72

Real Time Payments Point-of-Sale (POS) Settlement Small Business 72

PYMNTS

JULY 6, 2020

Only halfway in, 2020 feels, of course, like a decade’s been packed into six months. economy added 4.8 And to get a sense of where we are headed for the remainder of the year, one needs to look only slightly over one’s shoulder. The signs are a bit ominous for the U.S. consumer — and by extension, retailers. The High-Level View.

Payroll 78

Payroll Consumer Economy Rules 78

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

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. During the pandemic period (including data from 2020 Jan.

Posting 117

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

PYMNTS

DECEMBER 31, 2019

Yet, a year from now, we’ll be knee-deep in wrapping paper, and just emerging from the post- holiday frenzy of 2020. As PYMNTS has found through its own research, for example, more than 90 percent of customers would spend more if warranties and insurance were offered at the point of sale. The time frame, of course, is somewhat short.

Point-of-Sale (POS) 68

Point-of-Sale (POS) Embedded Payments Contactless Payments BNPL 68

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.

Financial Inclusion 113

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

PYMNTS

MAY 22, 2020

real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S. The EU Model.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

PYMNTS

OCTOBER 16, 2020

During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come. The banks have been asked to perform [a] national service,” CreditSights Research Analyst Jason Tan told Squawk Box Asia on (Aug. Furthermore, the Beijing government has requested that banks forfeit 1.5

Regulations 112

Regulations Central Bank Risk Governance 112

PYMNTS

JANUARY 1, 2020

In short, CES will help set the payments and commerce agenda for 2020 and likely beyond. Regular readers of PYMNTS already know that one of the bigger trends of 2020 will certainly be the shift of more commerce-related activities to consumers’ homes as voice-assisted retail devices gain even more popularity ( among other trends ).

AI 53

AI Consumer Use Case Research 53

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. billion in 2022, up from $7.5

Cross-Border 93

Cross-Border Processors Multi-Currency Contactless Payments 93

Open Banking Excellence

JULY 9, 2024

In my conversations with Open Banking Excellence, it is clear to me that by sharing the Kazakh experience and journey with regulators and the like, we can learn from each other to promote the digital economies of all of our countries. Regulator-led Pilot Focused on Open API Infrastructure Our pilot launched on Nov.

API 147

API Payment APIs and Integration Participant Regulations 147

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. PYMNTS research found that 25 percent of shoppers prefer shopping entirely digitally.

Economy 60

Economy Wires Wire On-Demand 60

PYMNTS

APRIL 13, 2020

In a survey of senior financial executives, a majority of chief financial officers (CFOs) indicated that they are optimistic that the economy will go back to normal by 2021. CFO Research conducted the survey between March 26 and April 2. And 36 percent of respondents said they intended to cut 15 percent or less of their workforce.

Economy 73

Economy Research Finance Product 73

PYMNTS

JANUARY 7, 2020

We’ll give Amazon its traditional place at the front of the line — hey, it’s Amazon — with its news, which also reflects the sharp growth in popularity of voice-assisted payments and commerce, one of the emerging engines of we are taking to call the connected economy. CES (@CES) January 7, 2020. Amazon announced Monday (Jan.

Economy 53

Economy Non-Bank Consumer End User 53

PYMNTS

NOVEMBER 13, 2020

But while Walmart will probably shy away from specific numbers, PYMNTS research has not. An exclusive research project from PYMNTS shows that Walmart could leverage its new membership model to capture more of the consumer’s whole paycheck. By the conclusion of 2020, eCommerce advertising will comprise 12.2 billion in 2019.

Economy 60

Economy NOV On-Demand Adjustments 60

PYMNTS

JANUARY 29, 2020

Now, fresh PYMNTS research and interviews with experts in that field are coming together to shed new light on the world of transit in this emerging Internet of Things (IoT) world. As the new PYMNTS research report finds, APIs have attained significant spotlight, making growth possible for many IoT-enabled devices and innovations.

Economy 61

Economy API Use Case Innovation 61

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

NOVEMBER 22, 2020

Some major retailers, such as Amazon and Walmart, have already re-envisioned and multiplied the Black Friday of 2020, spreading promotions over several Fridays. Recent PYMNTS research found that business owners are adapting to meet consumers needs and fears as their pandemic-era behaviors become the new normal.

Economy 108

Economy Governance Government Research 108

PYMNTS

OCTOBER 22, 2020

Netflix’s stellar first-half 2020 financials belie the fact that it’s losing subscribers to Apple TV, Disney+, Amazon Prime Video, HBO Max and other entrants as big studios take back titles from Netflix — a victim of its own success if ever there was one.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

JANUARY 15, 2021

consumers to gauge how vaccines are (or aren’t) making consumers crave in-store shopping versus digital-first commerce, PYMNTS researchers looked at plans to return to pre-COVID shopping routines and how digital is immunizing against more disruption. Surveying nearly 2,300 U.S. Some even fear vaccines are infectious.

Research 53

Research Returns NOV Consumer 53

PYMNTS

JULY 8, 2020

economy — a recovery is in the cards, yes. As detailed in PYMNTS research titled “ How A Global Pandemic Created A Digital-First Customer In 12 Weeks ,” the reopening has begun. 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

Consumer 61

Consumer Federal Reserve Cross-Border Fed 61

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. According to a new study from the National Bureau of Economic Research (NBER) stimulus dollars did a lot to blunt the pandemic’s incredible impact on consumers.

Consumer 95

Consumer Governance Government Economy 95

PYMNTS

JANUARY 18, 2021

A big part of the agenda is about the shift to digital in a world where, according to PYMNTS research, more than 124 million Americans have already made the digital shift for shopping for retail products, groceries and food from restaurants since March of 2020. According to PYMNTS analysis, as of Q3 2020, Amazon had a 14.3

Consumer 123

Consumer Caps Research On-Demand 123

PYMNTS

JUNE 15, 2020

Overall, economy class hotels had reached a 50.3 And in PYMNTS’ research , about 44 percent of consumers who are looking forward to resuming daily activities that had been in place before the pandemic want to travel domestically. percent occupancy level. percent occupancy level for the week. “A

Advisors 64

Advisors Returns Consumer Economy 64

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., percent for women and 5.2

Visa 106

Visa Economy Small Business Governance 106

PYMNTS

NOVEMBER 13, 2020

First has been the focus on digital transformation that essentially saved the economy during lockdowns. 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

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. Be that as it may, the research finds a lot of room for improvement in the velocity of funds. “[The] Yet, there it is. The majority of consumers, at 58.4

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

PYMNTS

SEPTEMBER 13, 2018

In a separate research report out of JPMorgan , analysts warned of a liquidity crisis that may emerge.

Research 55

Research Volume Accounts Security 55

PYMNTS

SEPTEMBER 28, 2020

Making mobile payments with a smartphone in Japan is more popular than ever, according to eMarketer, a New York-based market research company. Still, Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities, told PYMNTS.

Mobile Payments 80

Mobile Payments Push-to-Card Payments Economy 80

PYMNTS

OCTOBER 14, 2020

In today’s top news in digital-first banking, OneAZ Credit Union has signed a multi-year deal for Lumin Digital to be its digital banking technology, while an European Central Bank board member says that the next pandemic wave won’t likely hit the economy as hard. Dutch Bank Head: Next COVID Wave Won’t Hit Economy as Hard.

Credit Union 52

Credit Union Economy Central Bank Fincen 52

PYMNTS

NOVEMBER 10, 2020

In fact, fortunes are always made out of disasters, and America’s entrepreneurial spirit may be just the counterforce for a stalled economy. That group includes gig-economy workers and other independent contractors who may have struck out on their own after being laid off.”. million so far this year, compared with 2.7 Census Bureau.

Posting 90

Posting Economy On-Demand Advisors 90