Remove 2020 Remove Economy Remove SARS
article thumbnail

US Economy Could Lose $10B To Chinese Travel Ban 

PYMNTS

economy $10.3 economy” and the virus, Mark Zandi, chief economist at Moody’s Analytics, told Reuters on Tuesday (Feb. in 2020 instead of 2 percent. . Since the 2002 SARS outbreak, Chinese tourism to the U.S. tourism dollars, most of that in 2020, Oxford Economics estimates. billion in lost tourism dollars.

Economy 53
article thumbnail

Alipay+ and Partner E-Wallets Drive Sustainable Travel in Year-End Global Campaign

Fintech Finance

The campaign, which will last till December 31, will first be launched for the destinations of Hong Kong SAR, Macao SAR, Japan, South Korea, Singapore, Malaysia and Thailand. As a result, merchants in the Chinese mainland, Macao SAR, Japan, South Korea and Singapore benefited the most from the surge in cross-border mobile payment.

SARS 69
article thumbnail

Alipay+ Promotes Sustainable Cross-Border Travel with Year-End Campaign

The Fintech Times

These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). billion payment accounts of over 25 digital wallets, banking apps and buy now, pay later (BNPL) apps.

article thumbnail

Alipay Sets Sights on Tourism in Asia, As New Partnerships Boost Travel to South Korea and China

The Fintech Times

The partnership aims to enhance the travel experience for international visitors exploring the island destination of Jeju by providing convenient digital payment services and exclusive offers and contributing to boosting the local economy. per cent from 58,609 during the same period last year.

SARS 70
article thumbnail

Taiwan’s Fintech Push: Harnessing Innovation and Expanding Global Ties

The Fintech Times

Taiwan, along with South Korea, Hong Kong SAR, and Singapore, forms the group known as the ‘Four Asian Tigers,’ renowned for their rapid industrialisation since the 1960s. These economies have since developed into fully advanced nations. Taiwan’s gross domestic product (GDP) per capita is over $35,000.

article thumbnail

Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-Wallets, Card Organizations

Fintech Finance

We believe the convenient and seamless payment experience will boost economies where individuals, businesses and communities can thrive and promote people-to-people exchanges.” Introduced in 2020, Alipay+ now connects over 88 million merchants in 57 countries and regions to 1.5

article thumbnail

Financial Crime Compliance Predictions 2020: More AI and Robots

FICO

Rapid payments, instant payments, PSD2 have been vehicles to further misuse the financial system for laundering money and harming banks, their customers and the economy worldwide. Criminals are getting more and more sophisticated. On the other side, there is a lot pressure on banks to stop the constantly increasing costs of being compliant.