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NOVEMBER 6, 2020

Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. Walmart’s decision to sell its Argentinian retail operations, where it has over 90 stores and more than 9,000 employees, comes with one of the continent’s largest economies gripped in the throes of a severe economic crisis.

Economy 61

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NOVEMBER 13, 2020

Consumers are flocking to shopping areas in India’s major cities and towns in advance of Diwali, India's festival of lights, this Saturday (Nov. Delhi is already seeing a rise in cases, reporting 8,593 cases on Wednesday (Nov. 11), a record high — the first time the city’s cases have crossed 8,000, according to NDTV.

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NOVEMBER 13, 2020

consumer’s whole paycheck on Tuesday (Nov.17) Of course, another key trend to watch is Walmart’s ability to continue to capture the digital shift and grow in the digital-first economy. The company announced on Thursday (Nov. Walmart will lay claim to its share of the U.S. 17) when it announces its Q3 earnings. billion in 2019.

Economy 60

Economy NOV On-Demand Adjustments 60

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 101

Financial Inclusion Innovation Payments NOV 101

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SEPTEMBER 12, 2019

The European Central Bank (ECB) is hoping to revitalize the eurozone economy with a stimulus package consisting of a lower main deposit rate and a new bond-buying program, CNBC reported on Thursday (Sept. The interest rate was slashed 10 points to negative 0.5 percent, a record low.

Economy 53

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Open Banking

NOVEMBER 15, 2024

There are 11 million active users of open banking and the ecosystem is already worth more than £4 billion to the economy. The Government’s National Payments Vision is hugely welcome, and rightfully identifies the role that open banking payments play in driving innovation and fostering competition in payments. But we can go further.

Ubiquitous 52

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NOVEMBER 11, 2020

Alibaba ’s Singles Day performance on Wednesday (Nov. Singles Day — Alibaba’s popular shopping holiday that takes place every Nov. However, the company technically started Singles “Day” on Nov. The big gains were a great sign that the Chinese economy — and more specifically, consumer spending — is on a post-COVID rebound.

Regs 95

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NOVEMBER 7, 2019

Gig economy platform Upwork plans to focus more on larger companies in the coming months, as the company seeks to increase its market share in the fast-growing world of matching freelance labor with employers via digital technology. That news came as Upwork announced its Q3 2019 earnings results on Thursday (Nov.

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NOVEMBER 4, 2020

California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov.

Laws 117

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NOVEMBER 30, 2020

hospitals reached record levels on Saturday evening (Nov. As a result of the historic pace of vaccine development through Operation Warp Speed and careful logistics planning, the FAA today is supporting the first mass air shipment of a vaccine," the agency said in a statement on Friday (Nov. The number of COVID-19 patients in U.S.

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PYMNTS

NOVEMBER 10, 2020

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Bloomberg on Tuesday (Nov. The economy will not grow unless we bring people up from the lower-skilled jobs into the middle class,” Harker said during an interview that will be part of Bloomberg’s Friday (Nov. The upended U.S.

Fed 87

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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

Fintech News

DECEMBER 4, 2023

This surge in in-house spending reflects a strategic shift towards incorporating sustainable and green finance products across more channels, the report notes, and reveals that institutions are taking substantial steps towards transitioning their financial products into the green economy, aligning themselves with ESG principles.

FinTech 96

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PYMNTS

NOVEMBER 10, 2020

Lyft reported on Tuesday (Nov. million in Q2 on the heels of a major regulatory victory for the gig economy. 10) as part of its third quarter earnings results that active riders had risen to 12.5 million from 8.7

NOV 101

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NOVEMBER 16, 2020

President-elect Joe Biden called a conversation with business and labor leaders “encouraging” at a press conference following a Monday (Nov. 16) call, noting that all agreed that they wanted to get the economy back on track. “We The development came as the world got news on Nov. We’re going into a very dark winter.

NOV 74

NOV Economy Research Product 74

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NOVEMBER 12, 2020

“Mastercard’s Vocalink business is a demonstrated leader in the real-time payments ecosystem, and they will be a valuable partner for Payments Canada in the introduction and ongoing operation of Canada’s real-time payments system,” Tracey Black , president and chief executive officer of Payments Canada, said in a statement on Thursday (Nov.

ISO 20022 138

ISO 20022 Real Time Payments Settlement ISOs 138

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DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. In other news, Gutemberg Dos Santos was extradited from Panama to the United States on Nov. 25, on charges of participating in an international money laundering ring, the Southern District of New York’s State Attorney Office said in a press release on Monday (Nov.

Bitcoin 80

Bitcoin Money Laundering NOV Cryptocurrency 80

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NOVEMBER 12, 2020

Another 709,000 Americans filed for first-time unemployment benefits the week ending Nov. The previous week's revised level added 6,000 to hit 757,000, according to the weekly Bureau of Labor Statistics report released on Thursday (Nov. Another 298,154 people filed for Pandemic Unemployment Assistance in the week ending Nov.

NOV 59

NOV Economy Finance Continuity 59

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NOVEMBER 20, 2020

Morgan economists said in a new forecast, CNBC reported Friday (Nov. This winter will be grim, and we believe the economy will contract again in 1Q," the economists wrote. “We The projection goes against earlier Wall Street forecasts that largely believed the first quarter of 2021 would be the start of a bouncing-back economy.

Economy 78

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NOVEMBER 12, 2020

My hunch is that it will come,” Lagarde said Thursday (Nov. Lagarde said the ECB's role is to secure trust in money, and preparation for a digital euro would be necessary for the coming changes in the global economy. 12) during a virtual panel discussion hosted by the ECB, per Bloomberg. “If

Digital Currency 121

Digital Currency Central Bank Federal Reserve Money Laundering 121

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NOVEMBER 2, 2020

that will take effect on Thursday (Nov. 2, according to new guidance issued by the government on Monday (Nov. Merchants are warning that a second lockdown will be a “nightmare before Christmas,” according to a Financial Times(FT) report on Monday (Nov. Germany and France had already instituted a partial lockdow n for Nov.

NOV 56

NOV On-Demand Economy Government 56

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NOVEMBER 19, 2020

Codat , the financial API provider, is working with Visa to offer more comprehensive data on small to medium-sized businesses (SMBs) for European banks, Codat announced in a Wednesday (Nov. Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy. SMB economy. 18) press release. 18) press release.

B2B 65

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NOVEMBER 5, 2020

The Federal Reserve ’s Thursday (Nov. economy amid the pandemic. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. The path of the economy will depend significantly on the course of the virus,” the statement read.

Fed 65

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PYMNTS

NOVEMBER 16, 2020

Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov. as well as Europe and other parts of the world, experts mulled if the digital-first economy could end up becoming the digital-only economy.

NOV 86

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PYMNTS

NOVEMBER 10, 2020

billion people will mark Singles’ Day – the country’s exponentially larger answer to America’s Black Friday or Prime Day events – on Wednesday (Nov. The unofficial holiday falls on Nov. Fan said the companies also added a “new sales window” from Nov. 3 this year, ahead of the main Nov. 11 each year.

NOV 62

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PYMNTS

NOVEMBER 19, 2020

Codat , the financial API provider, is working with Visa to offer more comprehensive data on small to medium-sized businesses (SMBs) for European banks, Codat announced in a Wednesday (Nov. Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy. SMB economy. 18) press release. 18) press release.

B2B 52

B2B Visa Commercial Card NOV 52

PYMNTS

NOVEMBER 24, 2020

consumers are growing gloomier as a dark coronavirus winter settles in, as shown in a new Consumer Confidence Survey report released by The Conference Board Tuesday (Nov. The cutoff date for the preliminary results for The Conference Board’s Consumer Confidence Survey was Nov. The Dow may just have crossed 30,000, but U.S.

Consumer 61

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PYMNTS

NOVEMBER 10, 2020

Lyft reported on Tuesday (Nov. million in Q2 on the heels of a major regulatory victory for the gig economy. 10) as part of its third quarter earnings results that active riders had risen to 12.5 million from 8.7

NOV 61

NOV Economy Continuity Consumer 61

PYMNTS

DECEMBER 1, 2020

The International Monetary Fund (IMF) said Monday (Nov. A second wave of the coronavirus has triggered partial or total lockdowns in several eurozone economies, including Germany, France, Italy and Spain. In November, the IMF called on the G20 to financially support their local economies amid the ongoing pandemic.

Continuity 67

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NOVEMBER 25, 2019

People’s Bank Of China ran a report — its 2019 China Financial Stability Report, published on Monday (Nov. Adding to the concern is the fact that China’s economy has slowed to its lowest point in about 30 years, as well as the protracted trade war with the U.S. .

Risk 96

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DECEMBER 3, 2020

The survey, which was conducted Nov. economy gained a reported 2.5 The survey aims to collect data and glean insights about American households amid the global pandemic. Data will be disseminated in near-real-time to assist government agencies with recovery planning. But Senate Majority Leader Mitch McConnell (R-Ky.) percent from 14.7

Near Real-Time 97

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PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. Regardless of the recession Nigeria experienced, the governor said that the country’s economy remained the largest in Africa by GDP.

Financial Inclusion 101

Financial Inclusion Central Bank FinTech Mobile Banking 101

Fintech Finance

SEPTEMBER 10, 2024

” Payments Summit 2024 The tremendous success of instant payments, such as Pix in Brazil, will be one of the topics discussed at the upcoming 7th edition of EBANX Payments Summit, which will explore the forefront of payments innovation across rising economies.

Credit Cards 75

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PYMNTS

NOVEMBER 3, 2020

Folksam shared client data with Facebook, Google, Microsoft, LinkedIn and Adobe, the Swedish company said in a statement on Tuesday (Nov. Cyber risks have not gone away with the unfortunate, unforeseen risks we’ve faced with COVID and other uncertainties in our economy,” he said.

Data Breach 102

Data Breach Breach Cybersecurity Audit 102

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NOVEMBER 15, 2019

percent drop the previous month, CNBC reported on Friday (Nov. Federal Reserve Chair Jerome Powell told lawmakers on Thursday (Nov. economy is the star economy these days … there’s no reason that can’t continue.”. Retail sales rose 0.3 percent in October, rebounding from a 0.3 15), citing a U.S. percent increase.

Federal Reserve 46

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PYMNTS

NOVEMBER 11, 2020

Fintech Partner Connect will “support new ways for businesses and consumers to seamlessly and securely pay, get paid, send money and more,” a spokesperson for the credit card and financial services giant said in an email announcing the new program on Visa on Wednesday (Nov.

FinTech 110

FinTech Credit Risk Small Business NOV 110

PYMNTS

JANUARY 17, 2020

China’s economy grew by 6.1 rising debt and domestic challenges facing the world’s second-largest economy, the gross domestic product (GDP) pace was close to analysts’ expectations of 6.2 The numbers were elevated by a robust Singles Day on Nov. Between the two-year trade war with the U.S., percent growth. . percent in 2018.

Posting 52

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