PYMNTS

SEPTEMBER 13, 2018

Currency hedging has long been a part of global business and trade — but now it is becoming more important thanks to increasing economic and political volatility. We’re seeing more economic and political volatility than we’ve seen in a long time, along with a lot of trade concerns,” Schamotta said.

Risk Management 40

Risk Management Currencies Foreign Exchange eCommerce 40

PYMNTS

AUGUST 29, 2018

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

Currencies 46

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PYMNTS

MAY 22, 2020

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. China Drops GDP Target Due To Economic Instability. Dubai Creating $870M Free Trading Zone For eCommerce. In 2019, China’s economy grew 6.1

eCommerce 52

eCommerce Forecasting Economics Currencies 52

PYMNTS

SEPTEMBER 13, 2018

That’s to say nothing of the risk associated with currency fluctuations — a persistent worry, to be sure, but one that’s increasing, thanks to such factors as a strong U.S. We’re seeing more economic and political volatility than we’ve seen in a long time, along with a lot of trade concerns,” Schamotta said. dollar and other factors.

Currencies 40

Currencies Risk Management eCommerce Economics 40

PYMNTS

APRIL 29, 2020

Crafting streamlined eCommerce checkouts for international customers requires merchants to tailor their payments experiences to the needs and preferences of each market. That means enabling customers to pay with their preferred, trusted payment methods and currencies. Around The eCommerce Payments World.

Sales 77

Sales eCommerce Risk Analysis Currencies 77

PYMNTS

NOVEMBER 12, 2019

China is making privacy allowances for digital currency , which faces a new foe in the U.S. Former Fed Chair: Central Banks Have No Reason To Issue Digital Currencies. 12) that central banks have no reason to issue digital currency. 12) that central banks have no reason to issue digital currency. Former U.S.

Currencies 40

Currencies Leverage Technology Banking 40

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JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”.

Forecasting 84

Forecasting Currencies Entertainment eCommerce 84

PYMNTS

FEBRUARY 2, 2021

As eCommerce has become more firmly entrenched in countries such as Pakistan, buying and selling goods by digital means (moving away from the cash-on-delivery model) has generated at least a “reasonable acceptance level,” according to Wain, that gets some critical mass through a few large anchor eCommerce merchants in each market.

eCommerce 94

eCommerce Numbers Compliance Currencies 94

PYMNTS

OCTOBER 21, 2020

At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. The average multinational firm works with six separate banks and six currencies. Cross-border online sales in the U.S.

eCommerce 63

eCommerce Healthcare Compliance Currencies 63

PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

Banking 60

Banking Economics Currencies eCommerce 60

PYMNTS

OCTOBER 22, 2020

The pandemic’s ongoing economic impact has naturally raised the stakes for effective and efficient cross-border payments, according to Shreya Fatehpuria , inter-company and foreign exchange (FX) payments leader at GE. The average global company works with at least six banks and 40 percent of them make payments in at least six currencies.

Healthcare 98

Healthcare Treasury Foreign Exchange Economics 98

PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.

Currencies 85

Currencies Concentration Financial Systems Leverage 85

PYMNTS

MARCH 5, 2019

million funding round for B2B eCommerce and spend management company Proactis, the company revealed. “There is a disconnect in the currency payment culture that benefits neither buyers nor suppliers. .” “There is a disconnect in the currency payment culture that benefits neither buyers nor suppliers.

B2B 63

B2B Currencies eCommerce Economics 63

PYMNTS

NOVEMBER 19, 2020

Payments Canada President and CEO Tracey Black said RTR will help both businesses and consumers drive long-term economic growth. While Track supports a range of payment rails, Transcard highlighted its support of the RTP network as a key value proposition within the context of B2B eCommerce.

B2B 104

B2B Reconciliations Risk Management Accounting 104

PYMNTS

JUNE 23, 2019

BIS said that the social media firm’s recent announcement that it aims to roll out its Libra digital currency and grow into payments has focused the minds of central bankers as well as regulators, Reuters reported. It reportedly examined the voluminous amount of information that search engines, eCommerce and social media companies hold.

Currencies 56

Currencies Finance Banking eCommerce 56

PYMNTS

OCTOBER 30, 2018

percent year on year, edged analysts’ estimates slightly, though management noted that revenue on a currency-neutral basis, and excluding items, was up 17 percent. billion, up 18 percent on a currency-neutral basis. dollar on cross-border flows and the economic weakness in some emerging market countries.”. Earnings of $1.82

B2B 71

B2B Currencies Economics eCommerce 71

PYMNTS

APRIL 26, 2019

B2B, in some respects, is the stubborn mule of the digital economy, and represents a massive source of economic strength. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites. PayPal Eyes Credit to Monetize Venmo.

B2B 70

B2B Compliance B2C Currencies 70

PYMNTS

MARCH 4, 2020

trillion global tourism industry, and Facebook is reportedly considering revising the structure of its proposed Libra currency. Klarna’s buy now, pay later app is already part of AliExpress, the international shopping platform run by eCommerce giant Alibaba Group, an affiliate of Ant Financial. Libra is stumbling. Libra is stumbling.

Currencies 52

Currencies Treasury Cash Management B2B 52

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AUGUST 22, 2019

Paying with digital currencies is becoming more and more prevalent internationally, and every industry is affected. With our pilot operation in the A1 shops we are testing the demand and acceptance of digital currencies in Austria,” Markus Schreiber, head of A1 business marketing, said in the press release.

Currencies 61

Currencies Compliance Economics Sales 61

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APRIL 24, 2020

China is the first country to launch a central bank digital currency (CBDC) or digital currency electronic payment (DCEP). Amazon is facing charges that it violated its own policies when employees took data from its independent sellers to launch competing products, claims that the eCommerce company has vigorously denied.

Treasury 58

Treasury Prioritization Currencies eCommerce 58

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JANUARY 23, 2020

It is expected to speed delivery by one or two days to meet the rapid acceleration of eCommerce. Uber CEO Dara Khosrowshahi called his company the “global leader in ride-sharing,” at the World Economic Forum in Davos, Switzerland, and the most likely to become profitable. Uber CEO Says Firm Leads In Race To Ridesharing Profitability.

eCommerce 52

eCommerce Economics Currencies Leverage 52

PYMNTS

NOVEMBER 15, 2018

As was the case in the previous quarter, eCommerce sales and grocery were big winners for Walmart, and same-store sales logged their 16th consecutive quarter of growth. We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” Minus currency headwinds, revenue was $126.1

Forecasting 46

Forecasting Currencies eCommerce Economics 46

PYMNTS

AUGUST 12, 2020

It may seem incongruous that a nation as economically (and technologically) developed as Germany, would bank so literally on cash. Statista noted in forecasts adjusted to reflect the impact of the pandemic that overall revenues from eCommerce to be the equivalent of USD $87 billion, up 18 percent from the year before.

Startups 88

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PYMNTS

JANUARY 20, 2020

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The Wall Street banker has had a presence in South African for over 20 years.

Economics 52

Economics Currencies Banking eCommerce 52

PYMNTS

SEPTEMBER 14, 2018

Meanwhile, B2B eCommerce stands on the cusp of other changes that go beyond Amazon’s increasing prowess — changes that promise to bring the supply chain and corporate procurement, long known as a paper-based beast, further into the digital economy. The eCommerce operator wants to put its own spin on that business. trillion by 2020.

B2B 70

B2B Healthcare eCommerce Manufacturing 70

PYMNTS

SEPTEMBER 3, 2019

Even with a shift toward eCommerce sales, LEGO plans to bring 35 additional stores to China by the close of 2019. Sales increased 2 percent in local currencies. The expansion for LEGO in China, however, reportedly comes as the country is facing the worst slowdown in economic growth in 28 years. billion between January and June.

Planning 53

Planning Currencies Sales eCommerce 53

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APRIL 8, 2020

” Any B2B eCommerce platform to facilitate sales, however, must be ingrained with payments security and buyer-supplier trust. “ Trust is the currency of a successful marketplace,” he said. . “With every downturn, there are opportunities,” he said in a recent interview. Business Model Flexibility.

B2B 69

B2B eCommerce Currencies Leverage 69

PYMNTS

AUGUST 20, 2019

China’s eCommerce giant Alibaba is hoping to boost cross-border trade by upgrading its wholesale business and adding a new sourcing channel, The Payers reported on Monday (Aug. Alibaba posted results earlier this month that topped expectations as eCommerce sales continued to surge by double-digit percentages.

eCommerce 46

eCommerce Currencies Economics Sales 46

PYMNTS

MAY 20, 2020

In other words, trust has become a primarily valuable currency of late. If a merchant in recent weeks has found it needs to go digital, integrating Amazon Pay, Gauthier noted, comes with access to an audience wired for eCommerce. The search for trustworthy connection, Gauthier told Webster, is hardly new to the retail ecosystem.

Retail 75

Retail Economics eCommerce Currencies 75

PYMNTS

JUNE 1, 2020

payments volume in May declined slower than the previous two months, which could be indicative of a slight economic recovery as consumers spend more, Reuters reported. Visa ‘s total U.S. The payments volume in May saw a drop to 5 percent, better than the 18 percent drop from April.

B2B 54

B2B Currencies eCommerce Economics 54

PYMNTS

SEPTEMBER 23, 2019

Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. “We The Power Of Relationships.

Accounting 82

Accounting Banking B2B B2C 82

PYMNTS

AUGUST 30, 2019

Vietnam’s government and central bank have rather strict FX and currency controls, and working with the right local bank will help an outside company navigate those thickets of regulations. The government doesn’t want currency moving out of the country. You need a strong champion bank.”.

Currencies 76

Currencies Transportation Banking Manufacturing 76

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash in 2020, marking a 7.5

Data Analysis 54

Data Analysis Currencies eCommerce Economics 54

PYMNTS

SEPTEMBER 11, 2020

Mastercard Leads New Central Bank Digital Currency Test Platform. Mastercard has unveiled a new Central Bank Digital Currency (CBDC) test platform. The redesigned app was created to meet expectations of shoppers as they move from shopping in stores to eCommerce. Trackers and Reports.

Currencies 56

Currencies Numbers Communication Banking 56

PYMNTS

NOVEMBER 11, 2016

The news came late this week that Flipkart , India’s eCommerce giant, had been written down by two U.S. As reported by India’s Economic Times , the markdowns from Valic and Fidelity made public in two regulatory filings mean that at least some holders think Flipkart is worth less than it was before. funds holding shares in the firm.

Valuation 48

Valuation eCommerce Entertainment Economics 48

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JUNE 9, 2017

With eCommerce transactions moving at the speed of light, the ability to have transparency between parties is likely crucial to preventing security breaches. Blockchain could have an impact on the economy — is Russia leading the way with its current investments?

Financial Systems 68

Financial Systems Technology Healthcare Banking 68

PYMNTS

AUGUST 24, 2017

Stemming from eCommerce’s increasing popularity, the notion of paying without physical cash has become synonymous with online payments. In a sense, digital currencies began via online payments, which have then shifted into the creation of cryptocurrency like bitcoin, Ethereum and dogecoin.

Currencies 46

Currencies Benchmarking Finance Retail 46