India Payment Market will reach to INR 280.84 Trillion by 2027. Forecast by Digital Mode: by UPI, NETC, BBPS, PPIs, Cards, AePs, and Cross Border Remittances, Company Analysis.
NEW DELHI: Users of India’s largest cryptocurrency exchanges, WazirX and CoinDCX, had a tough time on Wednesday due to outages as Bitcoin plunged over 30%, wiping out over $500 billion in value from the coin’s peak market value.
It was down15% to $36,700 (Rs 26.8 lakh) at around 11am in New York. It has erased all the gains it clocked up following Tesla’s February 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles.
A statement from the People’s Bank of China on Tuesday reiterating that digital tokens can’t be used as a form of payment added to the selloff. Ethereum, the second-biggest coin, sank more than 40%, while joke token Dogecoin lost 45%.
4 Payment Trends that Emerged in the Shadow of COVID-19
LONDON, May 20, 2021 /PRNewswire/ COVID-19 has brought about many changes in consumer behaviour and issuer offerings. Auriemma Group s 2020 Cardbeat UK Trend Report identified four areas where shifts were most prominent, highlighting the impact that the pandemic has had on the payment s ecosystem for both financial institutions and cardholders alike.
1. New card acquisition, spend amounts and card usage have declined.
Cardholders were less engaged with their existing products and fewer sought new products compared to prior years. According to Auriemma s research, new card acquisition dropped nearly 50%, with only 10% of UK credit cardholders in Q4-20 saying they acquired a new credit card in the past 18 months, down from 18% the same time the year prior.