 | March 20, 2021 |
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| The third round of coronavirus stimulus payments should spur digital payments growth and retail recovery. |
President Joe Biden signed a $1.9 trillion coronavirus relief package into law on March 11 that includes $1,400 direct payments to qualifying adults, extended unemployment benefits, and funding toward coronavirus vaccine distribution.
NACHA helped with the first two rounds of stimulus payment distribution and recently said it will aid this round, which should help get payments to cash-strapped consumers quicker than mailing debit cards and paper checks.
Overall, stimulus payments and extended unemployment benefits should give an added boost to consumer spending—and that’s good news for payment providers.
Insider Intelligence's Adriana Nunez has the full story. |
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 | RESEARCH IN FOCUS |
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 | | The Global E-Commerce Landscape | | Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. We lay out the major e-commerce players in each country, including both domestic firms and companies based around the world, to examine the level of competition in the four markets. | | Get the full report → |
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 | | Insurance Technology Spend Forecast | | Insider Intelligence highlights the short-term factors that inhibited incumbents' IT/tech spend from Q1 2019 to year end (YE) 2020 and the longer-term drivers of tech spend growth in the key insurance markets of the US, the UK, and Canada. | | Get the full report → |
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 | | The UK Banking Channel Forecast | | Insider Intelligence forecasts the growth or decline over the next five years of five key banking channels in the UK: branches, digital platforms, smartphones, call centers, and ATMs. We identify the drivers behind the trajectory of each channel's penetration, including changes to consumer behavior or advancements in technology. | | Get the full report → |
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