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Retailers Team With Providers For eCommerce Payments’ Tear

PYMNTS

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Retail 131
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway.

Boston 227
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Football Season To Kick Off New Payments Plays

PYMNTS

As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments.

Payments 161
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The Lures – And Challenges – Of Central Bank Digital Currencies

PYMNTS

The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”. Beyond that, national efforts are piecemeal. Fed, the Swiss National Bank and others.

National 175
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In China, Green Shoots For Luxury Spending To Prove Fragile?

PYMNTS

22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root. As reported by Bloomberg on Tuesday (Sept.

Retail 169
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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233
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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Building The (Retail) Use Cases. Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. It’s not about going to production.”.