By Jeff Domansky, October 27, 2020 Editor’s update: CNBC reported today (Nov 3) that “Ant Group’s controller Jack Ma, executive chairman Eric Jing and CEO Simon Hu were summoned and interviewed by regulators in China, according to a statement Monday from the China Securities Regulatory ...
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Payments Trends
Payments Trends
In the first seven months of the pandemic, more than half of American consumers (57%) have unfortunately seen a reduction in their income, and 42% have missed at least one bill payment as a result. These and other results from a new survey of US ...
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Nacha’s US Automated Clearing House Network (ACH) report for electronic funds transfers in the third quarter of 2020 showed exceptionally strong growth in volume and value despite the end of some government pandemic payments. ACH handled more than 6.8 billion payments in the third quarter, ...
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New research suggests 58% of US consumers will stop using cash after the coronavirus pandemic ends. According to the September 2020 study by Travis Credit Union (TCU), consumers are now twice as likely to use a debit or credit card instead of cash to purchase ...
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There’s so much going on in the payments world, it’s time for a roundup of quick news bytes and links to news you can use if you’re in the payments industry. Accelerating winds of change in global payments – McKinseyThe COVID-19 public- health crisis and ...
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While COVID-19 is spurring new entrepreneurial startups, San Francisco-based fintech Azlo has launched a new set of digital banking, invoicing, and back-office tools to help SMEs and freelancers manage their back-office financial functions more efficiently and less expensively. Azlo Pro is a new subscription-based set ...
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By Sunil Jhamb, Founder & CEO of WL Payments The e-commerce sector has grown steadily over the past few years, while international transactions have also become a regular phenomenon, especially in Europe where 23% of e-commerce[1] is cross-border. The COVID-19 crisis has further exaggerated these ...
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Matt Jackson, Head of Partner Development (EMEA) at PPRO Invisible payments have already had a massive impact on the physical and online retail experience and could have the potential to eradicate cash and payment cards from the payment journey. Amazon Go even went as far as removing ...
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By Kelvin Phua, Global Head of Payment Networks at PPRO The COVID-19 outbreak has seen the e-commerce sector surge. Despite economic uncertainty, consumers around the world are turning to the internet for the goods and services that they previously would have looked for in-store. In ...
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There’s one ballooning payments problem that simply isn’t going away soon. It’s the $1.6 trillion debt carried by an estimated 44.7 million American students. For years, policymakers and economists alike have recognized that growing student debt places a huge drag on the economy both for ...
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