PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. Digital currencies, according to the report, should be easily workable to exchange with paper bills or coins, including on the global stage.

Currencies 102

Currencies Banking Retail Economics 102

CFO News

JUNE 19, 2023

SBI Research in a report analysed and argued how the withdrawal of Rs 2000 banknotes could boost bank deposits, repayment of loans, consumption, RBI's retail digital currency usage, and overall economic growth.

Currencies 52

Currencies Economics Banking Retail 52

PYMNTS

MAY 20, 2020

The last several weeks have certainly made for unexpected and unprecedented times for consumers and all players in the retail ecosystem and left a lot of businesses standing at a crossroads as they face the back half of 2020 and questions about what to do next. In other words, trust has become a primarily valuable currency of late.

Retail 75

Retail Economics eCommerce Currencies 75

PYMNTS

NOVEMBER 19, 2020

Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. The future of digital currencies, Haldane said, is uncertain and most likely varied. “If So far, that has not been the case.”.

Currencies 89

Currencies Economics Banking Securities 89

PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

Currencies 92

Currencies Economics Banking Compliance 92

CFO News Room

FEBRUARY 5, 2022

Finance minister Nirmala Sitharaman said in the Budget speech that the introduction of a central bank digital currency (CBDC) will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.

Budgeting 130

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PYMNTS

JULY 13, 2018

Bloomberg reports that currency fluctuations are likely, as the U.S. In relatively developed markets where individuals (and yes, companies, too) hold assets that are generally relied upon for income or safety in an economic pinch, the wealth effect dwindles. The currency seesaw. Devaluation means assets lose values.

Currencies 40

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PYMNTS

JANUARY 5, 2021

The perception that seems to have been behind bitcoin's rally is that the cryptocurrency can be a hedge against inflation risks, as governments and central banks dole out stimulus pay to help fight the economic effects of the pandemic, Reuters reported, as its "potential for fast gains also attracted demand.".

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PYMNTS

DECEMBER 9, 2018

This will allow us to advance toward new forms of international financing for the economic and social development of our country,” Venezuela’s President Nicolas Maduro said at the time. And bitcoin’s nosedive has led many of the retail investors behind the crypto’s record rise of nearly $20,000 last December to leave it behind.

Sales 54

Sales Retail Currencies Economics 54

PYMNTS

JANUARY 5, 2020

The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Cryptocurrency is getting a boost in Venezuela as economic upheaval carries on. The government has rebuffed borderless payment solutions and levied limits for global currency access.

Currencies 69

Currencies Startups Retail Economics 69

The Finance Weekly

OCTOBER 13, 2021

Companies looking to advance in this new economic environment will continue to rely on the same four strategies that have proven successful over the past 16 months. For example, a retailer might discover that, despite plans to build another location, many of its consumers choose to never shop in a store again.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

PYMNTS

JUNE 15, 2017

Blockchain technology may be used widely in the financial services industry, but that doesn’t necessarily mean it will see a smooth transition into the retail sector. How blockchain can potentially be implemented in retail is still up in the air. At the International Economic Forum this month in St.

Retail 52

Retail Currencies Technology Economics 52

PYMNTS

AUGUST 11, 2020

BigCommerce works in the field of helping eCommerce retailers with software for developing websites, handling payments and converting currencies. But before that, Intuit offered to buy the company for $1.5 billion, a proposal that was rejected, CNBC reported. But CEO Brent Bellm thought differently. The wager wasn’t unfounded.

eCommerce 85

eCommerce Economics Currencies Retail 85

PYMNTS

NOVEMBER 6, 2020

Walmart is leaving Argentina, announcing a deal to sell its stores there to a regional grocery chain amid an economic crisis that is gripping the South American country. Walmart, the world’s largest brick-and-mortar retailer, announced Friday (Nov. Walmart did not disclose the price of the deal, but it did report to the U.S.

Economics 61

Economics Currencies Retail Securities 61

PYMNTS

DECEMBER 10, 2019

Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. When she led the International Monetary Fund, she said it could uphold public goals like economic cooperation and payment anonymity. dollar as the international reserve currency.

Banking 54

Banking Currencies Treasury Economics 54

PYMNTS

SEPTEMBER 22, 2020

among them – continue to feel the economic impacts of the lingering coronavirus, and as economies reopen in fitful fashion. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root.

Retail 67

Retail Economics Sales Currencies 67

PYMNTS

MARCH 10, 2017

What if we were to tell you that retail shopping isn’t dead? Powell told a conference held at Yale Law School that central banks issuing digital currency would become global targets for cyberattacks, cybercounterfeiting and cybertheft. Bricks and Mortar , Alive? That there may be a spark of life in the bricks and mortar model?

Retail 48

Retail Currencies Financial Systems Securities 48

PYMNTS

MARCH 9, 2018

Gary Cohn, economic adviser at large, former Goldman executive and widely liked by Wall Street, is out the door. The chorus of those saying that back-and-forth retaliation is never sound economic policy has been growing. By the end of 2018, the retailer plans to have the meals in 2,000 of its locations. More retaliation?

Economics 40

Economics Currencies Securities Treasury 40

CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100

Banking Economics Leverage Currencies 100

PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Lawmakers’ discussions established that the virtual assets can be construed as electronic certificates of economic value. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies.

Currencies 68

Currencies Education Securities Economics 68

PYMNTS

JULY 17, 2020

Small Business Administration (SBA) announced the end of the Economic Injury Disaster Loan (EIDL) Advance initiative. The program was made to offer companies economic relief ranging from $1,000 to $10,000. Bank Of England Chief Sees Bank-Backed Digital Currency On Horizon. Why Large Retailers Are Mandating Masks.

Currencies 80

Currencies Economics Banking Securities 80

CFO News Room

JANUARY 22, 2023

health department warns of drug-resistant gonorrhea strain Boston.com Davos The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says CNBC (Kevin W) World Economic Forum hemorrhoid, Chrystia Freeland, thinks the middle class makes too much money. The WEF is as evil as you think.

Healthcare 130

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PYMNTS

JANUARY 6, 2021

But as Diaz stated, the model is based on sound economic principles. CoDi also helps broaden the financial ecosystem itself, said Diaz, as account openings are streamlined (lower-tiered accounts and small retail-focused transactions need not have the same AML/KYC scrutiny that would be in place with larger payments, he said).

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

JANUARY 15, 2021

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar. Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option. Despite sky-high demand for contactless payment options, many U.S.

Valuation 56

Valuation Currencies Securities Accounting 56

PYMNTS

APRIL 13, 2020

But the trillions of dollars intended to help shield individuals, families and businesses from the economic ravages of the coronavirus are still dependent (in some ways) on decades-old conduits that show just how creaky the process is for getting emergency funds where they need to go.

Accounting 99

Accounting Banking Currencies Treasury 99

PYMNTS

DECEMBER 6, 2018

Nawaz Ali, senior currency strategist at Western Union , told PYMNTS in a written exchange that “SMBs could be exposed to significant sterling fluctuation. The “worried” percentage rises to 58 percent for those in the retail, wholesale and food sectors. and GBP/EUR could rise [toward] €1.15 [$1.30 USD] or higher.”.

Currencies 53

Currencies Foreign Exchange Risk Management Retail 53

PYMNTS

DECEMBER 7, 2020

Small businesses face similar challenges that big retailers face when they transact online, because through marketplaces, they are able to reach out to millions of consumers," he told PYMNTS in a recent interview. According to Ricardo Pero , CEO of SellersFunding , that places many eCommerce sellers in a precarious financial situation.

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

AUGUST 5, 2020

CEO Jack Dorsey has personally voiced his support for bitcoin, saying it is the best candidate to become a global currency for the internet. Therefore, we believe deducting bitcoin revenue better reflects the economic benefits as well as our performance from these transactions.”. million in revenue in the first quarter of 2019.

Currencies 91

Currencies Economics Retail Investments 91

PYMNTS

AUGUST 13, 2018

The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. In this space, too, we have noted the ways that devaluation of currency (i.e., China’s) can have an impact on retailers’ fortunes. China’s) can have an impact on retailers’ fortunes.

Currencies 40

Currencies Retail Banking Economics 40

PYMNTS

NOVEMBER 15, 2018

Basket sizes were also reported as gaining in size, though currency headwinds took their toll in light of recent overseas investments by the retail giant, meaning revenue came in south of analyst estimates. “We We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,”

Forecasting 46

Forecasting Currencies Economics eCommerce 46

PYMNTS

APRIL 29, 2020

That means enabling customers to pay with their preferred, trusted payment methods and currencies. China, the first country impacted by the coronavirus, thus serves as an example of how the pandemic may shift economic trends — such as by accelerating the push toward eCommerce. Achieving this can be a heavy lift for businesses, however.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

PYMNTS

SEPTEMBER 18, 2018

Pick a favorite cliché — it’s OK — and feel free to apply it to this current phase of global economic volatility. Despite all the negative news, despite all the political and trade tensions, despite all the currency declines, there are reasons for optimism for merchants, wholesalers, manufacturers and other businesses. China, the U.S.

Foreign Exchange 62

Foreign Exchange Currencies Risk Management Cash Management 62

PYMNTS

MAY 22, 2020

China Drops GDP Target Due To Economic Instability. The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic. Comptroller of the Currency Joseph Otting will step down from his post on May 29.

eCommerce 52

eCommerce Forecasting Economics Currencies 52

PYMNTS

JANUARY 23, 2020

In today’s top news, FedEx officially expanded home delivery to include Sundays, Uber’s CEO believes his company is the most likely ride-hailing service to reach profitability, and the OCC prepares a civil suit against 10 former Wells Fargo executives for their roles in its retail banking scandals. FedEx Officially Launches Sunday Delivery.

eCommerce 52

eCommerce Economics Currencies Leverage 52

PYMNTS

MAY 29, 2019

The services have been launched in association with Central Department Store, one of the largest department store chains in Thailand and Western Union’s first agent in the country, providing global money transfers at their retail locations for nearly 25 years,” the company said. They can also use the Western Union mobile app.

Compliance 75

Compliance Currencies Economics Retail 75

PYMNTS

JANUARY 6, 2021

Vladic said 2020 “in many respects was a transformational year because under that relentless pressure from the new customer realities, the payment space, the banking space, the retail space did new things overnight.”. The personalized experience is one that pays dividends. Quality Over Quantity Is Key For Loyalty Programs.

Currencies 75

Currencies Retail Startups Economics 75

CFO News Room

FEBRUARY 4, 2023

This essay is forthcoming in the Review of Keynesian Economics and is posted here with the permission of the editor. Originally published at the Institute for New Economic Thinking website 1. The issue of persistence is blurred by transmission effects from the wholesale to the retail levels. Contact: galbraith@mail.utexas.edu.

Economics 100

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