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Restaurant Industry: Over Half-Million Eateries In ‘Economic Free Fall’

PYMNTS

Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an "economic free fall," the National Restaurant Association said in a letter to Congress. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov.

Industry 226
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Reserve Bank Of India To Expand Digital Payment Options

PYMNTS

India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 To address grievances, the central bank will require payment system operators to introduce an online dispute resolution center. In July, the National Payments Corp.

Payments 267
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Today In Payments Around The World: Ant Eyes Credit Unit Overhaul; FCA Releases Pandemic Resiliency Survey Data

PYMNTS

China’s Ant Group is considering the formation of a new consumer loan division that would let it continue to provide loans across the nation while adhering to new Chinese banking rules. The company intends to harness the infusion for outreach to more small companies throughout the nation, among other purposes.

Survey 172
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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

PYMNTS

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. The committee voted 12-10 Friday (Oct. and Facebook Inc. each month.

Taxes 212
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A Tale Of Two (SMB) Surveys

PYMNTS

In two conflicting surveys conducted by two big banks, the answers and outlooks are decidedly mixed. The growth in staffing and digital operations dovetails with the fact that a majority of those responding expect to see their sales grow in the next 12 months, and they also look for attendant profit growth. economy over the next year.

Survey 100
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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133
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Australia To Test Coronavirus Vaccine; US Doctor Claims To Have Potential Cure

PYMNTS

Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus pandemic. That’s good news, because a recent PYMNTS survey of U.S. Click here to read more of our survey results.). Click here to read more of our survey results.).