No matter where you look, the pandemic has put up serious barriers to economic growth 鈥?and at the same time <a href=https://www.stanley-germany.de>stanley quencher</a> , has forced business models to pivot from i <a href=https://www.stanley-cups.it>stanley cup</a> n-person, face-to-face interactions toward digital offerings.And for at least some segments of payments and the companies that serve them 鈥?especially remittances 鈥?the pivot has opened pathways to sustained growth.Remittances refer to the process of sending money across borders to family and friends. At a high level, these fund flows have taken a huge hit, as the World Bank had estimated earl <a href=https://www.stanley-cup.cz>stanley hrnek</a> ier this year that global remittances to low- and middle-income countries are projected to decline by as much as 20 percent this year to about $445 billion, as measured from 2019s levels.For those companies that are navigating a continued shift to enabling cross-border flows through apps and mobile devices, business is booming. Thats evident across Wall Street and venture capital, where earnings reports and funding rounds show growth and expectations for continued growth in C2C digital-to-cash and cash-to-digital efforts.As noted in this space late last month, Remitly, which focuses on remittances, said it raised $85 million with an implied valuation of $1.5 billion. The latest funding round was led by Prosus PayU, an existing investor, with participation from a host of聽firms including Generation Investment Management, Princeville Global and others.聽Remitly said the new funding round will be geared toward digital investments, and ha Gjkf More Cybertheft Disclosures Coming Out Of SWIFT
Small business cloud accounting company Sage Group has released promising figures from its fiscal year FY 2016 performance, and reports say the firm will continue to pursue growth via strategic investments.Reports Wednesday Nov. 30 said Sage met its previous guidance w <a href=https://www.stanley-cup.us>stanley mugs</a> ith its FY 2016 figures and plans to save more than $62 million in the fiscal year ahead. Sage saw a 6.1 percent increase in organic revenue during the fiscal year ended Sept. 30, the company said, reaching nearly $2 billion. Sales during the year increased 9 percent despite slowing growth in Asia and North America.The company said it set a target of 6 percent organic revenue growth for the fiscal year ahead.Sage c <a href=https://www.stanleycup.pl>stanley termos</a> hief executive Stephen Kelly said the firm will look to launch 27 new cloud-based solutions over the next year, with a broader vision of a world in which business owners have zero back-office admin by the end of the decade. By then,聽our ambition is that 鈥?certainly for startups and entrepreneurs 鈥?they will be in a world with Sage where they have no financial administration but can run their business from a smartphone in the palm of their hands through whatever platform they cho <a href=https://www.stanleycup.com.de>stanley quencher</a> ose, 聽the executive told investors.In an effort to make that goal a reality, Sage will be targeting strategic investments in new technologies as well as in its customer-facing employees. The cloud is the future, and we want to provide frictionless movement of money where it is easy to pay suppliers聽and employees and collec