Finance & Economics

Best of the week: Japan launches first digital bank, cheapest countries to live in, China banned H&M

We’ve gathered some of the best and most interesting articles over the last week.

1. The most expensive and cheapest countries to live in 2021 

PaySpace Magazine has prepared a list of countries with the lowest prices on-for food, rent, utilities, and transport, according to the Numbeo database (March 2021). At the other end of the spectrum, we’ve made another list of the regions in which you can expect the highest prices on common goods and services.

2. When should you sell your business?

Hopefully, this article will help you to decide why and when you can sell your business under better conditions.

3. Spanish government revealed when it’s going to reopen the tourism sector

PaySpace Magazine anticipates that the opening of the Spanish tourism sector in nearest future is possible if the vaccination rate will exceed over 70%. So far, the COVID-19 vaccination program in the EU Member States has been a disaster due to the fact it is slow. That’s because it has been affected by the delivery delays while the level of people infected kept rising.

4. H&M is facing a boycott in China

The Chinese government’s pressure on H&M has forced the company to retreat from the digital space in China.

5. Hungarian Authorities dismantled €8 million VAT fraud scheme

The Hungarian National Tax and Customs Administration has pounced on an organized criminal group involved in money laundering and VAT fraud. These activities led to tax losses of up to €8.2 million from the state’s budget.

6. MoneyFest

From 19 to 23 April 2021, MoneyFest brings you face to face with the people who have built the most innovative platforms and partnerships, giving you case studies and actionable insights on how to collaborate more effectively.

7. Japan’s first digital bank to start operations this May

Minna Bank has acquired a banking license on December 22, 2020 from the Financial Services Agency of Japan and will commence commercial operations in May 2021.

8. Visa introduced a new service to expand real-time push payments

Visa has announced the expansion of Visa Direct, a real-time push payments platform, with the introduction of Visa Direct Payouts.

9. US economic forecast 2021: what’s coming next?

To new beginnings, with hope comes faith! As the year 2020 comes to a halt, over the course of the coming year, the rollout of COVID-19 vaccines is driving hopes for an economic rebound and an economic revival globally.

10. Top 10 interesting facts about the Indian rupee

The official currency of India  – the Indian rupee (INR) – remained one of the best-performing Asian currencies in 2020 despite the most stringent lockdowns introduced by the national government amidst the pandemic. Furthermore, the rupee has advanced 1.3% this March, becoming the only currency in Asia to strengthen amid this month’s crash in risk assets.

Pay Space

6975 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.