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Investing.com Weekly Wrap-Up 02July 2021

U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Healthcare sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.44% to hit a new all time high, while the S&P 500 index climbed 0.75%, and the NASDAQ Composite index climbed 0.81%.
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The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 2.22% or 6.02 points to trade at 277.62 at the close. Meanwhile, Apple Inc (NASDAQ:AAPL) added 1.96% or 2.69 points to end at 139.96 and Johnson & Johnson (NYSE:JNJ) was up 1.83% or 3.03 points to 168.99 in late trade. ....

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Pandemic Alters Spending Habits in APAC, Drives Rapid Shift to Emerging Payment Technologies: Mastercard New Payments Index - Adaderana Biz English

Pandemic Alters Spending Habits in APAC, Drives Rapid Shift to Emerging Payment Technologies: Mastercard New Payments Index
May, 11, 2021
APAC enthusiasm for QR codes, digital wallets and cryptocurrencies exceeds global averages

As a result of the pandemic, enthusiasm for a broader range of payment technologies has accelerated in the Asia Pacific region as 94% of people say they will consider using at least one emerging payment method, such as QR codes, digital or mobile wallets, installment plans, cryptocurrencies, biometrics and others, in the coming year. This is according to the
Mastercard New Payments Index conducted across 18 markets globally, including India, Australia and Thailand, which reveals that 84% of consumers in APAC already have access to more ways to pay compared to one year ago. Of note for entrepreneurs, 74% of respondents said that they would shop at small businesses with greater frequency if they offered additional payment options. ....

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Consumer Appetite for Digital Payments Takes Off in Kenya, Mastercard Payments Index

As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay.
More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.
The Mastercard New Payments Index shows 99% of Kenyan consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year. ....

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UAE consumer appetite for digital payments takes off

UAE consumer appetite for digital payments takes off
DUBAI, 2 hours, 46 minutes
ago
Research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.

The Mastercard New Payments Index shows 97% of UAE consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.

Over two-thirds of respondents (66%) agree they have tried a new payment method they would not have tried under normal circumstances, but the pandemic has galvanised people to try flexible new payment options to get what they want, when they want it. With this interest and consumer demand also comes a greater expectation for businesses to provide multiple ways to shop and pay. In fact, 62% of UAE consumers say they would avoid businesses that do not accept electronic payments of any kind. Add ....

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Vaccines Mandatory in Indonesia, UK Cases Falls: Virus Update

Bad Weather Slows Shots; U.S. Vaccine to Double: Virus Update
Bloomberg
2/18/2021
Bloomberg News
(Bloomberg) The U.S. vaccine supply is poised to double in the coming weeks and months, according to an analysis by Bloomberg, allowing a broad expansion of doses administered across the country.
Winter storms in the U.S. continue to slow the vaccination drive, including in New York City, Florida and Puerto Rico. Anthony Fauci, the nation’s top infectious disease doctor, said inoculations have come to a “grinding halt” in some places. Massachusetts said it might send National Guard troops to pick up its next vaccine shipments. ....

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