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It has been a struggle for Vanessa Ellis to do laundry since rioters wrecked the Giant Wash laundromat on W. Broadway in Minneapolis four months ago.

She paid a relative $20 to take her to another coin-operated laundromat miles away, but she hated the hassle. Every day, she would walk over to the Giant Wash to see if it had reopened yet.

Her persistence finally paid off last week, when she trudged through the door with two plastic bags bulging with dirty clothes. As she loaded five washing machines, Ellis thanked the attendant for bringing back an essential service for many low-income residents in the north Minneapolis neighborhood.

“I love it,” said a beaming Ellis, 60, who lives two blocks away and subsists on a disability income related to heart problems. “I’m going to be here all of the time. I’ll be glad when Walgreens and Family Dollar finally open

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Singapore, Sept. 16, 2020 (GLOBE NEWSWIRE) — After more than two years of intensive market research and product development, Alchemy Pay launched the world’s first hybrid fiat and crypto payment solutions which is an all-in-one system that can be deployed on all mainstream platforms such as point-of-sale systems, payment terminals, mobile devices, in-app and online payment gateways.

  • Strategic partners include e-commerce giant Shopify, Asia payment leader QFPay Group and global SaaS leader Arcadier
  • Gained access to over 2 million merchants across the globe and has already deployed its payment systems at over 3,000 touch points
  • Current merchants include world-renowned retailer Aldo, Hong Kong’s largest home furnishing specialist Pricerite and Singapore’s iconic skybar CÉ LA VI

Cryptocurrency payments are executed over a decentralized network which means the sender can freely send funds to anyone no matter where they are at without the need for a central authority, leading to benefits such

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Jim Magats is the SVP of Omni Payments at PayPal. He writes on the payments industry and advice for merchants on their growth journey.

By now, we’re all aware of the shift from physical to digital commerce that’s happened as a result of the Covid-19 pandemic. This trend was progressing pre-Covid-19, but the pandemic put the transition to digital commerce on the fast track. A recent UBS report predicted that e-commerce will increase to 25% of U.S. retail sales, a jump from 15% in 2019. Another symptom of the pandemic? The shuttering of small businesses. A McKinsey report estimates that before accounting for intervention, 1.4 million to 2.1 million small businesses could close permanently as a result of the first four months of the pandemic.

This data gives us an indication of what may come, but the truth is there is no crystal ball that will tell us

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Homegrown digital payments platform PhonePe on Monday announced that it will enable digital payments for over 25 million small merchants across India in the next one year.

The fintech company will also onboard these kirana store owners on its PhonePe for Business app. This will enable end-to-end control of the payment process for the merchants including instant payment confirmations, receipts and reconciliations.

The company is planning to reach 5,500 talukas via its merchant acquisition team and create more than 10,000 jobs in semi-urban and rural areas through the process. The initiative is meant to help bridge the “digital divide” across India, it said.

“Despite the rapid penetration of digital payments, kiranas across India still rely on cash. Kirana owners have smartphones, data and the aspiration to adopt newer technology, but there are no services that match their aspirations,” PhonePe said in its official release.

“Customers, on the other hand, are

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