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Industry

Crowd-lending platform October hits pause on loan repayments

“French startup October wants to reduce the pressure on small and medium companies going through the coronavirus crisis. In order to give them some headroom, companies that have borrowed money on October won’t have to pay back their loans for the next three months.”
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Global

Contactless Limits Raised Around the Globe

Ireland to raise contactless transaction limit to €50 ANZ waives contactless debit card fees for small businesses in New Zealand National Bank of Georgia recommends contactless and mobile payments Desjardins increases contactless limit for Canadian credit cardholders to C$250 Poland doubles contactless payment transaction limit UAE urges consumers to use online banking services Turkey to double […]
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Industry

COVID-19: IMPACT ON CPG AND RETAIL

“Report addresses consumer behavior changes based on COVID-19 intensity and geography and includes implications for CPG manufacturers and retailers.”
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Industry

Metlink Bans Cash Payments for Transit Tickets

“Metlink , the transportation agency for the Greater Wellington region of New Zealand, has ceased accepting cash payments on all buses, trains, ferries and stations “to stay one step ahead of Covid-19 and give our passengers and staff more peace of mind”.”
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Industry

Here’s How Hard the Coronavirus Shutdown Will Bite the Big Credit Card Lenders

“As identified coronavirus infections increase rapidly in the U.S., the biggest economic effects will be felt months from now. Still, analysts at Oppenheimer have projected that five U.S. credit card lenders will remain profitable in 2021, despite a large increase in loan losses. Those projections are below. The Oppenheimer analysts, Dominick Gabriele and Raphael Posadas, […]