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Higher Rates – Faster for Longer

South State Correspondent

We believe that the real risk is that inflation does not meet the Fed’s 2.00% goal until much later, and the interest rates remain elevated for longer than the current Fed’s projection of 2026. Application to Community Banks. A second significant risk for community banks is repricing risk.

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Amazon To Deliver Alcohol In West Bengal, India

PYMNTS

will soon enter West Bengal, India’s multi-billion dollar alcohol sales market, sources told Reuters. India is one of the fastest growing eCommerce markets in the world. It is estimated to reach $200 billion in revenue by 2026, up from just $39 billion three years ago, according to The Motley Fool. Amazon.com Inc.

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CurrencyFair Launches Cross-Border Collections Solution

PYMNTS

Dublin-based CurrencyFair has a user community of 150,000, who have traded the equivalent of over 9 billion pounds ($11.6 CurrencyFair already has offices in Ireland, Singapore and Australia, and it has been working to expand into Asia, where it is estimated that 33 percent of global money transfers will take place by 2026.

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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

in the form of smart poles that improve urban communities’ access to wireless networks and LED lighting. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks. Here are the numbers: 1.8 percent increase over 2016.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Banks will need annual authorization to use the data and will need to “minimize” the data that is being used to just the essential elements, thereby putting a crimp in future bank marketing efforts. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

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Generation Z And Omnicommerce

PYMNTS

Bringing Omni To The Market . More merchants are adding omnichannel services to their offerings, eclipsing the need for physical currency and leaving many wondering what the future holds for old-fashioned, cash-based businesses – like mom-and-pop shops and farmers markets. Here’s a sneak peek: . The Power Of Demand.

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Wegmans To Open In Brooklyn; Whole Foods Brings Eateries To 500th Store

PYMNTS

The 74,000 square-foot space, which is scheduled to open in the fall, will feature a second-floor mezzanine complete with almost 100 seats for a market café. Even so, the report notes, “The move will be a big test of whether Wegmans can duplicate the phenomenal success it’s had in smaller locales in the crowded New York market.”

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