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Consumer Credit Update for 2Q 2023

South State Correspondent

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. 1,000+ payments now are 15% of the market which is also a new development.

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Snap Unveils Third Generation Of Spectacles

PYMNTS

In separate news, Snapchat’s parent company, Snap, is reportedly issuing $1 billion in convertible debt for working capital and future acquisitions. According to past reports, the debt offering will take the form of convertible senior notes set to mature in 2026. Its stock is up 181 percent year to date.

Video 101
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Global Automotive Blockchain Revving Up?

PYMNTS

One estimate that debuted this week via Business Intelligence and Strategy Research (aka BIS Research) states that the global automotive blockchain market will reach $1.6 billion by 2026. In patent news, Capital One has filed an application with the U.S. That represents a compound annual growth rate (CAGR) of 65.8

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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

Since then, critics have noted the lack of effectiveness in achieving at least some of Modi’s stated goals, namely, combating black market activity. (By The domestic digital payments market is projected to rise to a value of $1 trillion by 2023 , as estimated by Credit Suisse , up fivefold from recent tallies.

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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

in market cap. BRIEFING: Surviving the Retail Apocalypse. BRIEFING: Surviving the Retail Apocalypse. How are brick-and-mortar retailers surviving and adapting in the world of digital commerce? The e-commerce giants are capitalizing on three important trends: Global financial systems are going digital and mobile.