Finance & Economics

Best of the week: stablecoins to invest in, India’s economic forecast, banks supporting CBDC the most

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

1. India’s economic forecast 2021: what’s coming next

The long-term risk for Indian businesses pertains to the high-contact services that were badly hit during the pandemic and during the recent second wave of COVID-19 has completely devastated their balance sheets

2. Brits would rather insure their pets instead of themselves

Halifax has found that Brits are three times more likely to put their pets’ health above their own by insuring them (18%) before covering themselves with protection against critical illness (6%).

Amid these uncertain times, PaySpace Magazine recommends taking a look at COVID-19 insurance types.

3. ¿Dónde invertir dinero en América Latina en 2021?

Sin embargo, de ciertas crisis surgen muchas oportunidades que permiten que invertir dinero en América Latina, sea un buen negocio en muchos sectores, y puede que incluso con la pandemia global en la que nos encontramos, se haya creado un nicho económico que pueda explotarse, como los dos casos que mencionamos a continuación.

4. Number of French people over 55 using mobile payments doubled

Despite the fact youngsters are still the top users, people over the age of 55 have recorded the highest increase in usage this year. Indeed, over 55% of them trust mobile payment solutions.

PaySpace Magazine anticipates that far more people over 50 will become more tech-savvy since the pandemic established new tech rules.  Besides, there’s a fair number of those who have shifted to digital payments due to the belief they can contract COVID-19 through banknotes.

5. Top 3 stablecoins to invest in 2021

Now that we have a better understanding of stablecoins on the backend, it’s time to dig at the best stablecoins to invest in 2021.

6. Average transaction value in UK increased by over 90%: research

In fact, most card transactions in the UK, roughly 99%, are made by card users spending within their limit and have no missed payments.

PaySpace Magazine anticipates that an average transaction cost in 2021 is likely to surpass £350. That’s because after a year of coronavirus restrictions and several lockdowns Brits are expected to dive into traveling and outdoor activities that require special equipment as well.

7. How to register a startup in India

Here is a brief list of instructions for those aiming to become part of India’s entrepreneurial hub.

8. Returning to school can speed up the resumption of UK SMBs’ work

After the closure of schools, British business owners began to increase their working hours by working more than 4 hours over the average workweek. Since childcare and homeschooling are no longer on the agenda, SMEs in England and Wales can devote that time to their business.

PaySpace Magazine anticipates that UK workers’ productivity will rise as they won’t have to cope with permanent distractions caused by their children while working remotely. As to those employees whose kids cannot return to school, we suggest taking a look at 8 tips on how to ensure remote work productivity.

9. MoneyLIVE APAC: The Digital Sessions

On 4th of May, MoneyLIVE APAC: The Digital Sessions sets the scene for Asia’s leading professionals to connect and discuss the latest developments in banking, payments, and fintech online.

10. Top 10 central banks leading in CBDC adoption

A central bank digital currency (CBDC) represents a country’s official currency in digital form. CBDCs differ from traditional cryptocurrencies as they are centralized and regulated by a country’s monetary authority.

Some central banks are highly motivated to implement CBDC as a means to make their currencies more widely accessible, stronger, and potentially even able to displace current global reserve currencies.

We have prepared a list of the most active CBDC supporters across the globe.

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