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What Earnings Portend For Payments, Lending, Fitness And The Gig Economy

PYMNTS

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. There was some upside to Square’s earnings report — the surging popularity of Cash App pushed by stimulus payment deposits.

Economy 75
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As Economies Slow And Global Debt Grows, Red Lights Flash

PYMNTS

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. My, that dance card’s getting crowded.) is not helping matters. In a word, a four-letter one: debt. trillion in 2017.

Economy 48
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How The Global Pandemic Fast Tracked Mobile Payments In India

PYMNTS

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

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The Pandemic Is Accelerating India’s Move to Mobile Payments

PYMNTS

The COVID-19 pandemic has bolstered mobile payments in India and primed them to overtake card payments in the not-too-distant, S&P Global Market Intelligence said this week in its 2020 India Mobile Payments Market Report. By contrast, debit- and credit-card use only increased by 24 percent to $204 billion during the same period.

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The Next Big Thing Is … Debit

PYMNTS

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. Then, just when everyone was really making money again, along comes COVID-19, wiping out the economy yet again, and within recent living memory no less. My Money, My Way.

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BoA: Big Restaurants Are Recovering Quicker From Pandemic

PYMNTS

Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants. Gregory Francfort and JonMichael Shekian , BoA analysts, looked at transaction data from BoA credit and debit card holders to see how people were spending at restaurants.

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Why Gig Payments Need To Be Just Like Cash

PYMNTS

When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index , there are some familiar trends. percent of workers participate in the gig economy, and about two-thirds source their gigs via digital marketplaces. According to the data, 35.9 percent reported still having a full-time job.