The new research, Strategies for Payment Providers: Industry Trends, Opportunities & Recommendations 2020-2024, urges payment providers to seek new revenue streams in emerging markets to mitigate slow growth in developed markets. Accelerating financial inclusion via MFS (Mobile Financial Services), QR code payments and carrier billing will be crucial for this. The research found that mobile payments not requiring a linked bank account offer significant possibilities for eCommerce payments in developing markets. … [Read more...] about Global eRetail transaction values to reach $4.8 tn by 2024
Credited account means
If you own a home, you could consider opening a home equity line of credit as a financial backstop. The loans let you draw on your home equity — the difference between the value of your home and any mortgage you already have. At the end of 2019, nearly 45 million homeowners with mortgages had ‘tappable’ home equity, $119,000 on average, according to the research firm Black Knight. … [Read more...] about Coronavirus | How to build an emergency fund in the middle of an emergency
The City of New York is considering allowing tenants to pay April rent using their security deposits, an idea championed by Ankur Jain, the founder of Kairos, a startup that helps tenants reduce the cost of security deposits. “April 1 is going to be the first major economic test of how people are going to fare in this new coronavirus world,” he says. “Unfortunately, the stimulus bill and everything else that they’re talking about, at best, will hit people’s bank accounts in 30 days. So we have this crisis where if renters can’t pay their rent on April 1, even if their state has an eviction [moratorium], they’re going to go into default with their landlord. It’s going to hit their credit score. Their landlord will default with their mortgage bank. The domino effect is massive.” … [Read more...] about How are people supposed to pay April rent if they lost their jobs due to coronavirus?
Check your email. The chain says it emailed affected customers on March 31 from this address: “[email protected]” Use this form to see which, if any, of your personal details were compromised. Call this number if you’re in the U.S. or Canada: +1-800-598-9655. If you’re based elsewhere, see Marriott’s disclosure page for more. As always, beware of scammers who might try to take advantage of this news. The hotel chain says it will never call or email guests asking for “payment card information, other financial account information, online account information, or passwords.” … [Read more...] about Was your Marriott hotel data hacked again? Here’s how to check
Since debt is a crucial part of the portfolio for senior citizens, with low appetite for risk, asset allocation would play a major role. PPF, which is a fixed income option used for long-term savings can’t be a standalone wealth creation tool for young earners. Presence of equity investments in your portfolio is needed to beat inflation. … [Read more...] about Interest cut in small-savings: Rates still attractive in many schemes