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Despite Plenty Of Concerns, SMB Optimism Holds Fast

PYMNTS

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Bank of America also found in a fall 2017 survey that nearly three-quarters of SMBs expect their 2017 year-end revenues to beat 2016’s figures. Eighty-one percent of U.S.

Taxes 105
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Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. Chris Clark, executive vice president and regional president for Asia Pacific, said that cash and check are 48 percent of personal consumption expenditure (PCE) and that equates to $6 trillion.

Payments 163
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NEW REPORT: What Demonetization? India’s Cash Usage To Reach $2.5T By 2021

PYMNTS

Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. However, nearly two years after the policy launched in 2016, cash remains a key component of the nation’s economy. percent by 2021.

Report 104
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How Wellington’s 20 Percent Advantage Is Fueling Tech Growth

PYMNTS

The city’s median income is $49,192, higher than the national median of $45,760 and higher than Auckland’s median income of $48,204. New Zealand was ranked the number one country in which to start a business by the World Bank Doing Business Report 2016. The tax scheme is comprehensible to entrepreneurs. Issuing capital is easy.

Fintech 100
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Governments Fuel Blockchain’s Global Proliferation

PYMNTS

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Ubin was first announced in 2016 with the central bank launching a partnership with blockchain company R3. United States.

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The link between mortgage debt servicing burdens and arrears: is there a critical threshold?

BankUnderground

It is calculated by taking a household’s mortgage payments (including interest and principal) and dividing them by their pre-tax income. A previous Bank Underground post from 2016 comes to a similar conclusion. The most common one is the gross debt-servicing ratio (DSR).

Survey 55
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The effects of subsidised flood insurance on real estate markets

BankUnderground

To ensure the availability and affordability of flood insurance to households in flood-prone areas, the UK Government introduced an innovative reinsurance scheme, Flood Re, in April 2016. In a recently published Staff Working Paper , we employ a granular data set of all property transactions and flood events in England.