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Mcfh Today in TechREG: Fed s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit Card Data Practices
The adoption of digital payments and the number of people who are doing their shopping online has accelerated rapidly in Latin America this year. While the region still trails most parts of the world in terms of the percentage of people who have access to modern banking services, the gap is narrowing.For example, a study by PYMNTS, done in conjunction with digital payment platform Kushki, found that in one five-month period in 2021, just over 40 million consumers became banked for the first time.The growth of eCommerce and digital payments is largely due to cultural change, said Kushki Vice President of Payment Partnerships Andy Obando in an interview with PYMNTS. He explained that while Latin Americans have traditionally been wary of accepting credit cards and debit cards, that is no longer the case. With peoples fears of catching COVID-19 and the emergence of so-called neobanks, which have made digital banking services more accessible, cash is no longer nearly as pop [url=https://www.cup-stanley.fr]stanley mugs[/url] ular as it once was.Read m [url=https://www.cup-stanley-cup.ca]stanley water bottle[/url] ore: Cash No Longer King in Latin America People [url=https://www.cups-stanley-cups.us]stanley usa[/url]  got scared 鈥?they didnt want to catch COVID 鈥?and because paying in cash involves passing physical money and touching it, they started using digital payment methods instead,  Obando said.  So, people started moving to card payments in websites or [near-field communication  NFC ] payments with their phones at the point of sale, so they dont need to pass their cards to the cashier. At the same time, the Latin American region has suddenly be Tylw Facebook Looks To Government For More Regulation
The European Commission has taken action in recent months to facilitate and encourage cross-border financing in small businesses. Its a complicated feat that will require streamlining the regulations for SME lending in all member states, but officials have taken the first steps toward this goal with the plan to launch the Capital Markets Union 鈥?a single market to ease s [url=https://www.stanleycup.pl]stanley termos[/url] mall business finance throughout the continent.This week, EU policymakers made new strides in the development of the CMU and what it would mean for SME investment.One Step ForwardReports published Thursday  July 9  said Members of the European Parliament passed a resolution  532-111, with 24 abstentions  that would make it easier to channel fiscal savings into small businesses and to protect investors who聽back small businesses across borders.The non-binding resolution aims to create the building blocks for the CMU, including a broader range of investment choices, [url=https://www.stanley-cup.us]stanley website[/url]  resources for investors to mitigate risk, and clear, public information to educate lenders on investment choices across the EU, according to聽FTSE Global Markets. MEPs are hoping to implement these ventures by 2018.According to the text of the resolution, MEPs want the CMU to provide reliable, non-bank access to financing for the EUs small- and medium-sized enterprises. Part of this effort would include information available across the European Union to both small business owners and inv [url=https://www.stanley-cup.us]stanley mugs[/url] estors about new investment opportunities.Policymakers also stress
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