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Grubhub Offers Eateries $30M In Promo Support During COVID-19

PYMNTS

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic changes everyday life, the company announced on Thursday (April 2). It has raised a total of $284.1 million in more than eight funding rounds.

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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Launched in 2004, Alipay currently boasts more than 520 million active registered users. Overseas, Alipay now covers 38 countries and regions to provide payment services for Chinese visitors who are traveling overseas. China is expected to process $3.29 trillion by 2020. The company has been working overtime to expand globally.

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Why The Coronavirus May Dwarf SARS’ $40B Economic Toll

PYMNTS

One study, via the National Center for Biotechnology Information and authored by Jong-Wha Lee and Warwick J. percent from 2003 to 2004, via World Bank figures. percent in 2002 to more than 1o percent in each of 2003 and 2004. To be sure, economic growth rebounded quickly, from 2.9 percent to 4.4 Want a snapshot?

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Corporate banking in China: my crystal ball grows cloudy

Celent Banking

Looking back at the past ten years, China grew to be the largest exporting nation with $2.3 China’s growth into a global economic powerhouse and its resilience during the financial crisis contributed to a nearly 20% CAGR for corporate banking operating income across the top four banks from 2004 to 2014.

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How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. How to Apply to Your Bank. Community banks with larger percentages of DDA balances will fare better.

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How Millennials Are Propelling Halloween To New Retail Heights

PYMNTS

Halloween is no longer just for the kids and those with kids,” wrote Allison Zeller, director of research for the National Retail Federation (NRF). According to VinePair , searches for the terms “beer” and “wine” have been spiking in October since at least 2004, and the terms remain current through the rest of the holiday season.

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Financial Inclusion for un-banked People

FluentBanking

Regional banks or specialised rural banks and rural financial institutions will have to play a key role in financial inclusion for inclusive growth. She also stressed the need for coordinated implementation of the Bangladesh National Financial Inclusion Strategy to help the economy grow and become more inclusive.