PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. economy in general. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster.

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Economy FinTech Adjustments Small Business 116

PYMNTS

OCTOBER 26, 2020

The faster spread this fall of COVID-19 in Europe compared to the spread in the United States during the same period has left Europe's economy sputtering even as the U.S. economy continues to come back to life, according to new data cited by The Wall Street Journal (WSJ). rose to 55.5 in October from 54.3 in September, WSJ reported.

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Economy Governance Government Consumer 64

PYMNTS

DECEMBER 29, 2020

But the year 2021 will not be a normal year off to a normal start, meaning the “see it to believe it” part of CES will be a bit different. The Vuzix Next-Generation Smart Glasses (NGSG) enter the show with multiple CES 2021 Innovation Awards for design and engineering.

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Gateways Innovation Bots Technology 101

The Fintech Times

AUGUST 12, 2024

In 2022, Malaysia’s economy was divided as follows: agriculture contributed 8.92 Malaysia is both a major economy in the ASEAN region and also in the fintech space IMAGE SOURCE GETTY Malaysia’s fintech landscape Malaysia is a major player in the fintech space within the ASEAN region, boasting at least 549 fintech companies.

FinTech 64

FinTech SDN Central Bank Economy 64

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

Fintech Finance

SEPTEMBER 4, 2024

Founded in 2021 by entrepreneurs Perseus Mlambo and Alessandra Martini, Union54 has quickly gained prominence in Africa’s fintech sector. Perseus Mlambo, CEO of Union54, commented: “The internet has transformative potential for both individuals and governments.

Debit Card 98

Debit Card Visa Payment APIs and Integration Instant Payments 98

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. This happens even as governments shut borders.”.

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Cross-Border Innovation Economy Governance 117

FICO

DECEMBER 1, 2020

Unfortunately, 2021 will bring the after-effects, as credit grantors, consumers and governments try to work through a flood of uncollectable debt. While vaccines are being identified, there isn’t a high degree of confidence that they will put the world right — and even if they cure the health problem, they won’t fix the economy.

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Governance Government Regulations On-Demand 76

The Fintech Times

SEPTEMBER 6, 2024

However, the country wants to diversify its economy. Diversifying the economy When China reopened, economic development and rebooting the tourism industry were top priorities. Consequently, the SAR launched its plans for diversifying the economy based on the ‘1+4’ model in 2023. This sentiment was shared in Macau.

SARS 59

SARS Cross-Border Governance Government 59

PYMNTS

JANUARY 24, 2020

1, for the period of 2020 through 2021. The measure is intended to help local businesses and give a boost to the economy. . Modi’s ruling Bharatiya Janata Party (BJP) has also requested that the government up duties on non-essential items, in an attempt to energize local manufacturing. “We

Economy 52

Economy Adjustments Governance Government 52

PYMNTS

DECEMBER 23, 2020

China’s State Council announced late Tuesday that small and micro-sized businesses can defer loan payments past first quarter 2021 as needed, according to CNBC. Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic.

Economy 69

Economy Returns Shutdown Small Business 69

Open Banking Excellence

JUNE 27, 2024

The market powers innovation and changes the dial for a country’s citizens and economy, making a fairer more inclusive society. One that transitions into a digital economy. In doing so to inspire other Governments to look at the opportunities created by the largest and most successful open banking use case globally.

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Use Case API Volume Assessments 130

Fintech Review

AUGUST 1, 2024

Manilla, Philippines, August 1st, 2024, Chainwire Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology.

Blockchain 52

Blockchain Government Governance Agreements 52

The Fintech Times

SEPTEMBER 5, 2024

Founded in 2021 by entrepreneurs Perseus Mlambo and Alessandra Martini , Union54 has quickly gained prominence in Africa’s fintech sector. Together, the organisations will foster an inclusive digital economy. Its flagship product, ChitChat, enables users to communicate, network, and transfer money between wallets.

Payment APIs and Integration 59

Payment APIs and Integration Debit Card Financial Inclusion Visa 59

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. “Digitisation, automation, digital currencies and payments, AI as well as the pandemic all have changed the face of the UK economy,” she says.

Economy 59

Economy Crime Legal Framework Governance 59

The Fintech Times

MAY 29, 2024

Much of the Middle East is focused on enabling a cashless economy, with Saudi Arabia’s Vision 2030 setting a target for its financial sector to achieve 70 per cent of non-cash transactions by 2030 and the United Arab Emirates (UAE) actively promoting digital payments. per cent of its population engage with it.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

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 116

Financial Inclusion Innovation Payments NOV 116

PYMNTS

JANUARY 8, 2021

economy should see a “meaningful economy recovery” in 2021 as vaccines battle the pandemic and fresh government stimulus kicks in, according to Chief Economist Jack Kleinhenz of the National Retail Federation (NRF). percent range in 2021. economy could grow a decent 4 percent this year. percent rate. “If

Economy 59

Economy Returns Governance Government 59

PYMNTS

JANUARY 15, 2021

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. ECB officials on the panel warned that government measures to prop up the economy have masked the severity of the crisis.

Visa 61

Visa Economy Central Bank Credit Risk 61

PYMNTS

NOVEMBER 5, 2020

Commerzbank , Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global economy. As a result, the bank may be forced to take additional pandemic-related charges in the coming year.

NOV 52

NOV On-Demand Laws Economy 52

PYMNTS

APRIL 7, 2020

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according to a Bloomberg report. Finland’s economy has been flat since mid-March due to the pandemic. The government said rules will be eased after May 15 as long as the virus is contained.

Central Bank 60

Central Bank Economy Governance Government 60

The Fintech Times

AUGUST 9, 2024

Singapore has been a remarkable success story in economic development, transforming itself into one of the most developed economies in the world. Singapore’s economic success can be attributed to the creation of a diverse economy, which has been crucial given its limited space and natural resources.

Innovation 59

Innovation FinTech Payment Gateways Gateways 59

FICO

AUGUST 29, 2022

For example, consumers with FICO® Scores between 550 and 599 saw a score increase of up to 20 points from April 2020 to April 2021. This is up by a little over 1% compared to April 2021. as of April 2021 and very similar to the 47.3% The increase from April 2021 to April 2022 is mostly concentrated in newly opened credit cards.

Consumer 98

Consumer Credit Cards Payments Governance 98

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.,

Visa 106

Visa Economy Small Business Governance 106

The Fintech Times

JUNE 13, 2024

Real-time revolution: How MENA is leading the rise of instant payments Mostafa Menessy, co-founder and CTO of fintech solution provider Paymob The MENA region is emerging as a global leader in instant payments, driven by rapid technological adoption, strategic government initiatives, and a robust increase in digital payment transactions.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 PCI DSS 59

PYMNTS

JANUARY 22, 2021

The latest surge of COVID-19 infections is pushing the Eurozone into a second recession, squashing hopes for a near-term rebound of the global economy. Activity for the region’s two largest economies, Germany and the U.K., Economists fear that first quarter 2021 activity will also be down. “A in January from 49.1

Non-Bank 67

Non-Bank Economy Central Bank Small Business 67

Neopay

JULY 18, 2024

Money laundering is a pervasive issue, affecting economies and societies worldwide. billion in cryptocurrency was laundered in 2022, representing a 68% increase over 2021. NFT Money Laundering: In 2021, laundering through NFTs reached $1.377 million, a 231% increase from the beginning of the year.

Money Laundering 52

Money Laundering AML Crime Cryptocurrency 52

PYMNTS

APRIL 17, 2020

For optimists who hoped the global economy would recover from the impact of the coronavirus pandemic within months, New York Federal Reserve Board President John Williams has delivered a wake-up call. But I don’t see the economy getting back to full strength by the end of the year.”. We have a recovery projected for 2021 of 5.8

Federal Reserve 52

Federal Reserve Economy Governance Government 52

PYMNTS

JANUARY 24, 2018

and, given its centuries-old influence in commerce, it’s no wonder it still thrives in today’s global economies — even as competition from new payment methods has started to emerge. percent between 2016 and 2021. percent from 2016 to 2021. Cash’s role in commerce dates back to 600 B.C. In the U.S., cash usage grew by 4.7

Economy 49

Economy ATM Alternative Payment Methods CHIPS 49

PYMNTS

JANUARY 22, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Herrero discusses how his firm's community-based digital literacy and entrepreneurship programs are harnessing technology and connectivity to improve education provision and livelihood outcomes for previously disadvantaged groups.

Financial Inclusion 73

Financial Inclusion Economy Agreements Small Business 73

FICO

JUNE 21, 2021

To date, the US bankcard delinquency rates have improved drastically largely due to reduced transactional spend, tax refunds, government stimulus checks and payment deferment programs. As we passed the one-year mark since the onset of the pandemic, most global economies are still in recovery. Unemployment and Consumer Behavior.

Card Issuer 52

Card Issuer Issuers Tax Refunds Credit Cards 52

PYMNTS

OCTOBER 21, 2020

Brazil’s government is planning to launch an initial public offering (IPO) for a new digital arm of Caixa Econômica Federal , according to a Reuters report on Tuesday (Oct. Guedes reaffirmed that the government's economic reform agenda was rebounding after expending 10% of gross domestic product (GDP) in 2020 fighting the pandemic.

Central Bank 60

Central Bank Government Governance Economy 60

PYMNTS

NOVEMBER 18, 2020

Shipping giant Maersk is predicting a better 2021 in a move that bodes well for the battered but now recovering global economy. A rebound in retail sales in the United States has resulted in a quicker than expected resurgence in shipping demand, with Maersk now expecting EBITDA to weigh in between $8 billion and $8.5

Volume 86

Volume On-Demand Economy Governance 86

PYMNTS

DECEMBER 28, 2020

Indeed, we might look to March 11 as the dividing line between what was and what is and will be in the connected economy. Main Street small and medium-sized businesses (SMBs) scrambled to make their own digital shift, even while facing operational pressures that were only partly ameliorated by stimulus packages and government programs.

Economy 108

Economy Payments Governance Government 108

PYMNTS

SEPTEMBER 8, 2020

The growth in these gig economy firms provided France with a bright spot as the country prepares for one of Europe’s worst economic slumps. The measures put in place by the government have prevented a wave of insolvencies,” said Sophie Jonval, president of the National Clerks Council, in a statement.

Economy 52

Economy Governance Government Finance 52

CB Insights

SEPTEMBER 7, 2021

As of August 2021, 5 different companies in this category raised funding rounds of at least $300M this year: Paxos, BlockFi, Blockchain.com , Fireblocks , and Ledger. The startup raised a $120M Series D in April 2021 backed by 7RIDGE and Eldridge. Genesis Digital Assets , a US-based bitcoin miner, raised $125M in funding in July 2021.

Blockchain 101

Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

Fintech Finance

MAY 16, 2024

As Mastercard and ABHI unite to advance financial wellness across the region, this partnership signifies a leap toward fostering a secure digital economy. Since its inception in 2021, ABHI has emerged as a prominent fintech company, earning recognition as one of the Future 100 companies in the UAE.

Visa 52

Visa Financial Inclusion Embedded Finance Payroll 52