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Wells Fargo On What It Will Take To Revive The SMB Economy

PYMNTS

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. A Focus on Contactless Commerce.

Economy 98
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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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How Banks Can Help Small Businesses Close Their Cash Flow Gaps

PYMNTS

But as it pushes beyond that, it starts to become required, and then they’ll all do it.”. Edwards said the path to instant disbursements is being pushed forward by players like PayPal. For businesses, cash flow is, was and always will be king when it comes to priorities. The Problem With Legacy Systems.

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BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast

PYMNTS

Given the full-scale shutdown in the U.S. And apart from pushing the pause button on loans small and medium-sized business (SMB) customers have taken out, the bank has also been busy trying to get federal Paycheck Protection Program (PPP) funds to those clients. BofA, incidentally, is not the only big bank in the U.S.

Volume 63
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Why Gig Payments Need To Be Just Like Cash

PYMNTS

Things like large-scale government shutdowns , for example, tend to leave people looking for ways to earn income in the short term, which makes them primed to learn all about the gig economy. When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index , there are some familiar trends. According to the data, 35.9

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Boku CEO On Digital Content’s New Tailwind

PYMNTS

But beyond COVID-19’s costs and limitations, Prideaux said, perhaps just as interesting are the adaptations and innovations that are now being pushed to the forefront to counterbalance the disruption. 1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem.