Remove Economy Remove Push-to-Card Remove Ubiquitous
article thumbnail

The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. Moneylenders, traders, and Shroffs (money changers and bankers) facilitated credit and remittances. They were crucial for financing trade routes within India and internationally.

article thumbnail

PSCU CEO: Credit Unions And Microbusinesses Collaborate To Reopen/Restart The Economy

PYMNTS

economy hard, but few areas were hit harder than small businesses. In spite of their small size, they play a critical role in both their local and national economies. economy when everything is really clicking — which it hasn’t been for the last several months,” he said. “On COVID-19 has hit the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain

PYMNTS

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. Very slowly. The check, then, is in the proverbial mail, less than optimally, for people who need access to funds right now.

article thumbnail

PayPal, BigCommerce and AdoreMe On Adapting To The Unknowns In A Digital-First Economy

PYMNTS

In a world where physical commerce went on hold eight months ago — and where there are still scores of known unknowns about what comes next — the brands that survive are the ones ready to pivot along with the environment. “I I think there are a lot of things that 2020 taught us for sure,” Kress said. “We

PayPal 73
article thumbnail

Why Visa Brought Earthport Into Its Orbit

PYMNTS

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” To that end, Visa has taken the “buy” path, and said last week that it gained control of Earthport , having bought the U.K.-based

article thumbnail

Ingo Money CEO On The Pull Behind Push Payments

PYMNTS

Can push payments make the push into full acceptance by consumers and corporates? In envisioning just what the concept of “push” payments means, Edwards said one need only think about how pull payments work. If there is an exchange of an item or a return, the data flow is simply reversed, and money goes back onto that card.

article thumbnail

Pushing Onward Toward Push Payments

PYMNTS

In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’ cards and accounts, on demand. We are in the instant economy, said Edwards. What will it take to save the trees? To cut out the cutting of checks?