Payments News

On The Web

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Providers

Payments, Lending and Neobanks Rule Fintechs in Emerging Markets, Report Says

“Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. But there’s hardly a report to compare […]
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Reports

FinHealth Spend Report 2021

“About two-thirds of the U.S. population struggles to spend, save, borrow, and plan, yet those households contribute 84% of total spending on interest and fees for everyday financial services like credit cards, auto loans, remittances, and overdraft charges, and spend a greater share of their income compared with those who are financially healthy. Financially Coping […]
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Domains

Multi-CBDC Arrangements and the Future of Cross-border Payments

“Cross-border payments are inefficient, and technology could play a role in making them better. One means could be through interoperating central bank digital currencies (CBDCs), forming multi-CBDC (mCBDC) arrangements. This paper explores dimensions of payment system interoperability, how they could feature in mCBDC arrangements and where potential benefits lie. These benefits are especially relevant for emerging market economies poorly served […]
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Reports

Reaching Financial Equality for Women

“The impact of COVID-19 has hit women and girls hard. The World Bank reports that 2021 will bring the first increase in extreme poverty since 1998, with a minimum of 71 million people expected to fall into destitution, and UN Women estimates that at least 47 million more women and girls will fall below the […]

On The Wires

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Domains

Adobe Digital Economy Index: COVID-19 Report

“COVID-19 gave eCommerce an extra boost of $183 billion, as consumers flocked online to meet their daily needs. This is nearly the size of the 2020 holiday shopping season, where $188.2 billion was spent online between November and December. The boost happened within the 12-month pandemic period from March 2020 to February 2021, where a total […]
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Reports

BBB Study: Gift Cards Are an Increasingly Popular Tool for Scammers

“An in-depth investigative study by the Better Business Bureau (BBB) finds an increase in reports of scams involving gift cards, with hundreds of millions of dollars in losses over the last few years. The study — Gift Card Payment Scams: BBB Reveals Why Scammers Love Gift Cards — looks at the scope of fraud involving gift […]
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Industry

ADP National Employment Report: Private Sector Employment Increased by 117,000 Jobs in February

“Private sector employment increased by 117,000 jobs from January to February according to the February ADP® National Employment ReportTM .  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the […]