Payments News

On The Web

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Industry

Pandemic Payment Habits Are Looking Sticky

“Whatever happens to people’s desire to spend in the months ahead, it does seem like they will be doing it more digitally . For one, debit cards’ surge within digital wallets doesn’t seem to be slowing. Many consumers are doing more of their spending digitally on everyday purchases like groceries or sundries, for which they […]
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Industry

$1,400 Stimulus Checks Helped March Retail Sales Soar 9.8%

“Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.8% in March after dropping about 3% the month before, the Commerce Department said Thursday. The increase was the biggest since May of last […]
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On The Wires

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Companies

Mastercard SpendingPulse: April U.S. Retail Sales Grow 23.3%* As Trends Point to a Recovering Economy

“Total U.S. retail sales sprung into another month of double-digit growth in April, according to Mastercard SpendingPulseTM , which measures in-store and online retail sales across all forms of payment. U.S. retail sales excluding automotive and gasoline increased 23.3% year-over-year in April, and 10.8% compared to April 2019. Online sales in April grew 19.9% and […]
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Global

Mastercard New Payments Index: Consumer Appetite in Middle East and North Africa for Digital Payments Takes Off | Middle East/Africa Hub

“The Mastercard New Payments Index shows 95% of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year. Over two-thirds of respondents (65%) agree they have tried a new payment method they would not have tried under normal circumstances, […]
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Industry

Mastercard SpendingPulse: U.S. Retail Sales Grew 26.3% Year-over-Year in March, One Year Since First Lockdown

“U.S. retail sales growth rates increased by double-digits in March as we hit the one-year mark since the first Covid lockdowns impacted retail sales. According to Mastercard SpendingPulseTM , U.S. retail sales excluding automotive and gasoline increased 26.3% year-over-year in March, and online sales grew 56.8% compared to 2020. Mastercard SpendingPulse measures in-store and online retail sales […]
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