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 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

OCTOBER 21, 2020

The ownership economy is going full throttle. Also, in a world where even Netflix sees a slowdown in subscriber growth (and streaming and staying home are mainstays of pandemic life, yes, but perhaps less alluring than before), the ownership economy is “re-showing” green shoots. In another example, Tiffany & Co.

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

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

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. percent of consumers bought groceries online in 2020, compared to the 18.6 percent made purchases via mobile in the last 24 hours. 31 percent bank via app.

Innovation 111

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

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) Small Business Settlement 72

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

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

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

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 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

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

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

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

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 118

Innovation FinTech Payment APIs and Integration Non-Bank 118

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

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

The Paypers

JULY 9, 2020

Digital trust and safety company Sift has released its Q2 2020 Digital Trust & Safety Index, which focuses on content abuse and the fraud economy.

Research 36

Research Economy 36

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

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

The Fintech Times

SEPTEMBER 12, 2024

New Checkout.com research now reveals a 26 per cent year-on-year rise in the number of unique cards used for online purchases in the UAE and Saudi Arabia between July and August, suggesting that people are increasingly going online for purchases. Past data revealed a 56 per cent increase in consumers engaging in e-commerce weekly since 2020.

Consumer 68

Consumer BNPL Payments Payment Solutions 68

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

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

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

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

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

OCTOBER 13, 2020

The International Monetary Fund has upgraded its global real gross domestic product (GDP) forecast for 2020 to -4.4 That said, this crisis is far from over,” Gita Gopinath , chief economist and director of the research department at the IMF, said in a virtual press conference. percent in October from -5.2 percent in June.

Economy 56

Economy Research Continuity Product 56

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 Transactions Digital Payments Online and Mobile Banking 123

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

The Fintech Times

SEPTEMBER 25, 2024

Since 2020, interest in CBDC potential across the globe has skyrocketed. In May 2020, only 35 countries were exploring the idea of a CBDC at all. Despite this, the Bank of Canada revealed it is “scaling down its work on a retail CBDC”, favouring a focus on broader payments system research and policy development.

CBDC 74

CBDC Digital Currency Central Bank Privacy 74

PYMNTS

NOVEMBER 30, 2020

Consumers, it seems, need additional incentives to get the vaccine, above and beyond immunity to the virus that locked us all indoors all year and seems to be making a concerted effort to cancel Christmas in 2020. percentage points.

Economy 64

Economy NOV Push-to-Card On-Demand 64

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

NOVEMBER 4, 2020

It took 54 days on average for private manufacturers to receive payment in the first three quarters of 2020 compared to 45 days last year and 27 days five years prior, the Financial Times reported, citing official information. In the first nine months of 2020, Chinese manufacturing facilities registered a 14.3

B2B 65

B2B Economy On-Demand Accounts 65

PYMNTS

JANUARY 12, 2021

PYMNTS research shows that there could be as many as 130 million who are eager to follow suit — as soon as they get the chance. Forty-one percent of consumers say they are shopping more via mobile now than they did prior to March 2020, for example. There are now roughly 6.7 We surveyed a census-balanced panel of 2,268 U.S.

Consumer 56

Consumer Economy Research Returns 56

PYMNTS

JULY 4, 2018

Facilitating international payments is no easy task, especially in the corporate realm, where the market is slated to reach about $23 trillion in 2020. Always on, and anywhere is an apt descriptor of the gig economy, and the lures therein. The latest report offered by PYMNTS gives a deep dive into mechanics and innovation.

Research 40

Research Credit Union Payments Online and Mobile Banking 40

PYMNTS

MARCH 20, 2020

Research and consulting firm Strategy Analytics has released a report stating that global smartphone shipments dropped 38 percent year on year in February of 2020. The staggering decline is blamed on the COVID-19 outbreak, which has seen countries around the world stop their economies to contain the spread of the virus.

On-Demand 70

On-Demand Consulting Returns Economy 70

PYMNTS

FEBRUARY 4, 2020

Every day offers something new in a connected economy powered by increasingly agile apps. The Provider Rankings kicked off in January 2020 with the Mobile Order-Ahead standings for top apps in that category. Eyes on the App Economy. Whose App is Hot? They made the ranking. Check out their score , and many others. Frankly, No.

PayPal 53

PayPal Venmo Economy Checks 53

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