Category : Economy

Economy Finance Fintech News

Accuity Study Reveals Failed Payments Cost the Global Economy $118.5 Billion in 2020

FTS News Desk
Key findings: 60% of organizations reported losing customers as a result of failed payments 60% of organizations reported losing customers as a result of failed payments Fewer than 50% are actively trying to improve their payments process despite nearly all respondents citing disappointment with failure rates Over one third of......
Commerce Digital Payments Economy News

Visa US Spending Momentum Index Signals Continued Spending Growth

FTS News Desk
Visa’s latest SMI reading indicates consumer spending remained solid in June Visa released the June reading of the Visa U.S. Spending Momentum Index (SMI), an economic indicator designed to be a timely gauge of the health of consumer spending. The Visa SMI delivers insight into what drives upturns and downturns......
Business Digital Economy News

ISG to Publish Study on Digital Business Solutions, Services

FTS News Desk
ISG Provider Lens™ report comes as many businesses embrace new digital initiatives to better serve customers following the COVID-19 pandemic Information Services Group, a leading global technology research and advisory firm, has launched a research study examining providers of digital business solutions and services that enhance customer experience, improve business......
Digital Economy Finance Fintech Investments News

PayPal Commits Over $100 Million to Advance Financial Inclusion and Economic Empowerment of Women and Girls

FTS News Desk
The commitment is part of PayPal’s mission to build a more inclusive global economy and its role as a Generation Equality Forum Action Coalition Private Sector Lead PayPal Holdings, Inc. announced a more than $100 million commitment to advance financial inclusion and economic empowerment for women and girls around the world over......
Digital Payments Economy Fintech News

GoDaddy Venture Forward Partners with Mastercard’s City Possible Initiative

FTS News Desk
Partnership to foster inclusive entrepreneurship and economic development across the country GoDaddy Inc., the company that empowers everyday entrepreneurs, announced that GoDaddy Venture Forward, a multiyear research effort to quantify the impact online microbusinesses have on their local economies, has partnered with Mastercard’s City Possible program, a partnership and co-creation initiative that......
Cryptocurrency Economy Trading

CryptoRefills Publishes the First Global Research on Consumer Adoption of Cryptocurrencies for Purchasing Goods and Services

FTS News Desk
“66% of Cryptoshoppers believe that Bitcoin is a means of payment”, says the new consumer report by CryptoRefills CryptoRefills, in cooperation with Cointelegraph Research, published the first global research on consumer adoption of cryptocurrencies for purchasing goods and services. “Cryptocurrencies in Retail: Consumer Adoption Report 2021” is the first and......
Economy Finance News

Ideanomics Completes Acquisition of US Hybrid, Announces Order

FTS News Desk
US Hybrid also announces a significant multi-city order for all-electric street sweepers Ideanomics announced it has completed its previously reported May 12, 2021, definitive agreement to acquire 100 percent of privately held US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleet applications.......
Economy Finance News

Mastercard Foundation to Deploy $1.3 Billion in Partnership with Africa CDC to Save Lives and Livelihoods

FTS News Desk
The Mastercard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent. The Saving Lives and......
Business Economy News

As Weather Volatility Increases, The Demex Group Launches Climate Resilience Center

FTS News Desk
Climate Center demonstrates recent climate trends and variability for over 60,000 cities around the world The Demex Group, developers of the first-of-its-kind platform for analyzing, pricing and transferring climate-linked risks at scale, announced the launch of the Demex Climate Resilience Center today. The Climate Center is a free public platform......
Banking Economy Featured

Are Some Banks on Wrong Side of History on Cryptocurrencies?

Sudipto Ghosh
Banks and other financial institutions who still refuse to recognize major cryptocurrencies, such as Bitcoin, as a legitimate asset class are putting themselves on the wrong side of history, says the CEO of one of the world’s largest independent financial advisory and fintech organizations. Read More: Global Fintech Interview with Michael......