A surfer has died after being bitten by a shark at a beach north of Sydney, Australian authorities said Tuesday. Prosecutor Priscilia Lam Tsz-ying had asked the District Court to revoke the six defendants’ bail following their convictions, while their defence lawyers resisted the application. Contactless payment options have been there for quite some time. PayPal is already well-positioned to help shape the next era of U.S. consumerism. Contactless payments and apps on smartphones, such as Mastercard's Masterpass, can be used to make purchases online or in the store. Americans love to use their smartphones in a variety of ways. That's not a whole lot of room for relative growth of contactless payments. For many Singaporean couples, the typical route is to apply for BTO first, then in the 3 to 5 years it takes to get ready, get engaged and throw a wedding, before finally moving in. CreditCards.com reports that as of last year, almost half of all U.S. adults still use cash to pay for relatively small purchases, whereas 16% use credit cards. Among the U.S. retailers who have already started accepting touch-free payment, the NRF report states that 94% believe the trend will increase over the coming 18 months. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Juniper Research predicted late last year that the number of contactless-enabled point of sale devices would more than double between 2019's tally and 2024, growing from 78 million to 161 million (mostly in the U.S.). Tsoi and Ng admitted to knowingly taking part in an unauthorised assembly. It allows users to pay for products and services using near-field communication at the point of sale, whether in person, via iOS apps or the Internet. Bitcoin plunged by 30 percent on Wednesday after China signalled a new crackdown on the cryptocurrency and Tesla head Elon Musk sent mixed signals about his car company's use of the unit. It's also an approach that respects this John Keynes reality: The market isn't always rational. But there's one glaring exception. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. It will take time to see results. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. This article, Malaysia lights up four towers in a show of support for Palestinians, originally appeared on Coconuts, Asia's leading alternative media company. Discounted offers are only available to new members. But Global Payments is poised for more than its fair share of growth by offering a wide array of business services. Market data powered by FactSet and Web Financial Group. James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. The major advantage offered by contactless payment is that customers can instantly complete transactions with the tap of a card. Contactless payment facilities of companies like Apple, Inc. (AAPL), Alphabet (GOOGL) and Visa (V) have gained traction since the coronavirus outbreak. Stocks to Watch. Given that the United States' consumer-centric GDP stood at more than $21 trillion as of the end of last year though, the shift away from cash spending presents a huge opportunity for the companies that make it happen. According to the survey, at least 19% of the customers made in-store digital payments for the first time in May. Visa Inc. V operates retail electronic payments network worldwide. These include tools that let merchants accept true card payments, mobile wallet payments, and online payments. The 35% in between prefer debit cards. KL, Pahang, Johor and Terengganu lit up their iconic structures in green, red, white and black. Returns as of 05/19/2021. That's largely an American phenomenon, however. Woodcock will hear mitigation next Monday and sentence all 10 defendants on May 28.Do you have questions about the biggest topics and trends from around the world? You can see the complete list of today’s Zacks #1 Rank stocks here. Last year, McKinsey reported the global payments market was worth just a tad less than $2 trillion, and growing at a sustainable 6% clip. Alphabet, Inc. GOOGL, apart from other products and services, also offers Google Pay, a digital wallet platform and online payment system developed to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches. Apple, Inc.’ s (AAPL - Free Report) Apple Pay is a mobile contact payment system and digital … Solar panels against an alien landscape, ramps and rods pointing at the Martian horizon -- China's first probe on the Red Planet has beamed back its first "selfies" after its history-making landing last week. Leung, Lee and his Labour Party colleague Cyd Ho Sau-lan are also serving jail terms over similar charges stemming from the August 2019 protests.This article Hong Kong protests: six opposition figures remanded in custody ahead of sentencing for 2019 National Day rally first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Six Hong Kong opposition figures have been remanded in custody ahead of their sentencing next week for organising an unauthorised protest on National Day amid the anti-government movement in 2019. Last year, only 44% of the retailers had accepted payments through mobile. Prior to the coronavirus outbreak, Americans actually lagged in terms of contactless payment preference. Charred car tyres, shards of glass and piles of rubble lie scattered on roads winding through the occupied West Bank, where one word in this Palestinian territory resounds -- "resistance". The company has a Zacks Rank #2 (Buy). The six are: Democrats Albert Ho Chun-yan, Sin Chung-kai and Yeung Sum; Richard Tsoi Yiu-cheong of the Hong Kong Alliance in Support of Patriotic Democratic Movements of China; and League of Social Democrats members Avery Ng Man-yuen and Figo Chan Ho-wun. The two leading candidates to succeed Angela Merkel are presenting a distinct choice about Germany's role in the world, between pragmatic continuity and a more assertive stance, particularly with regard to China and Russia. Between the advent of contactless technology and the ease with which COVID-19 spread, the best-positioned companies in the business have a chance to not only plug into that growth but grow market share as well. This has also seen a change in the way people have so long been carrying out transactions. Alphabet, Inc. GOOGL, apart from other products and services, also offers Google Pay, a digital wallet platform and online payment system developed to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches. Want the latest recommendations from Zacks Investment Research? A recent poll performed by shopping rewards program operator Shopkick indicated that among consumers who were doing more online shopping due to COVID-19, 60% of them will continue to do so once the pandemic winds down. As for Visa, it will largely be doing the same thing it's done for years. Apple carries a Zacks Rank #3. But the company makes itself even more marketable by combining those technologies with services like email marketing and analytics of a retailer's customer data. The golden age of contactless payments is upon us, and that's good news for fintech-friendly names like Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Global Payments (NYSE:GPN). Philippine President Rodrigo Duterte has banned his cabinet from speaking out in public on the South China Sea dispute, after key ministers engaged in a war of words with Beijing. It provides transaction processing services (primarily authorization, clearing and settlement) to financial institutions and merchant clients through VisaNet, its global processing platform. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. The Israeli embassy in Beijing has accused China's state broadcaster of "blatant anti-Semitism" in a report on US policy during the ongoing deadly violence in the Palestinian Territories and Israel. The ease of making touch-free payments has now definitely struck a chord with both customers and retailers. PayPal Holdings, Inc. PYPL has emerged as one of the largest online payment solutions providers on the back of its strong product portfolio and two-sided platform that enables it to offer smooth and secure transaction facility to both customers and merchants. A study on the State of Retail Payments, which was carried out by National Retail Federation (“NRF”) along with market research company Forrester, found that 67% of retailers in the United States now accept contactless payment. Meanwhile, the Federal Reserve says about one-fourth of all purchases of all sizes in the U.S. are still done with cash. In addition, the coronavirus crisis is driving a massive shift to "contactless" digital payments. As for how many of those purchases were made with contactless technologies like tap-and-pay or near-field communications, the estimates vary. PayPal Holdings, Inc. PYPL has emerged as one of the largest online payment solutions providers on the back of its strong product portfolio and two-sided platform that enables it to offer both customers and merchants smooth and secure transaction facility. Goes without saying, payments solutions companies are introducing newer modes of contactless payments to help customers. For instance, PayPal accounts work with Alphabet's Google Pay or Android Pay, which turn smartphones into virtual cards that only need to be in the vicinity of cash registers equipped to connect with consumers' devices. The company has added an array of services such as contactless deliveries, contactless payment options such as Kroger Pay and low-contact pickups to fight the pandemic. And this mode of payment is likely to stay given that the process saves time and is hassle-free. Moreover, the report mentions that contactless payments have jumped to 69% for the total retailers surveyed by NRF. Increasing dependency on contactless payment following the coronavirus outbreak has been benefiting companies like Apple, Inc. (AAPL), Alphabet Inc. (GOOGL) and PayPal Holdings, Inc. (PYPL). Consumers too have started to prefer touch-free payments on health concerns. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. Increasing dependency on contactless payment following the coronavirus outbreak has been benefiting companies like Apple, Inc. (AAPL), Alphabet Inc. (GOOGL) and PayPal Holdings, Inc. (PYPL). The trick? Zacks Investment Research. The company’s expected earnings growth rate for next year is 30.6%. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the past 60 days. Online shopping carts and brick-and-mortar cash registers are a crowded, competitive arena. That's shopping in a store without touching anything, including cash and credit card swiping machines. Moreover, the report mentions that contactless payments have jumped to 69% for the total retailers surveyed by NRF. Steering new spending habits in a way that favors your spin on the idea. While U.S. workers only make up 5% of the world's population, the Office of the United States Trade Representative says they earn more than 20% of the world's income. The obvious but relevant players among payments stocks are credit card companies. Social distancing has become a priority to contain the spread of the deadly virus. Also, companies in the card space like Visa Inc, V), Mastercard Inc. MA, American Express Co AXP and Citigroup Inc. C are likely to benefit due to the surge in contactless payments. The company’s expected earnings growth rate for the current year is 22.6%. Lots of consumers say they're going to do things differently in response to a particular event, but not all of them do. The company can even facilitate business loans. Stock markets, oil prices and bitcoin sank Wednesday as a raft of issues ranging from rising inflation to China's cryptocurrency crackdown spooked investors. https://investorplace.com/2020/02/3-payments-stocks-to-buy-now Copyright 2021. The company’s expected earnings growth rate for next year is 16%. Some peg the figure at 3%, and others even less. The surge in users of contactless cards and other touch-free options have been working miracles for companies offering these services. Cumulative Growth of a $10,000 Investment in Stock Advisor, These Stocks Could Lead the Post-Coronavirus Contactless Payment Evolution @themotleyfool #stocks $V $GPN $PYPL $MA, This Figure Suggests Cryptocurrencies Are in a Massive Bubble, Visa's Recovery From the Pandemic Has Officially Begun, Copyright, Trademark and Patent Information. And most importantly, PayPal is focused on the cashless future without the baggage of a legacy banking operation. The six filed into the dock after waving goodbye and passing their personal belongings to family members who were there to support them. Remember, Visa scrapes off a tiny piece of every transaction it handles.And it doesn't hurt that Visa has already been offering tap-and-pay cards for a while. The global contactless payment market size is expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. Consumers too have started to prefer touch-free payments on health concerns. India's External Affairs Minister Dr. S. Jaishankar on Wednesday (19 May) clarified that Delhi's Chief Minister (CM) Arvind Kejriwal does not speak for India, while the Indian High Commissioner to Singapore Kumaran Periasamy said Kejriwal has "no competence to pronounce on COVID variants or civil aviation policy". There's just been no urgent need to utilize those tools until now. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. It too is largely an American phenomenon, with more than half of last year's revenue being driven by United States consumers more than familiar with the name that's been supporting online shopping almost since its infancy. Chan, 25, is the youngest defendant in this case and convenor of the Civil Human Rights Front, the group behind the annual July 1 protest, which coincides with the anniversary of the city’s handover from Britain to China in 1997. And yes, the right hardware is finally coming. That's opening up opportunities for Square, PayPal and other payment stocks. Contactless payment facilities of companies like Apple, Inc. (AAPL), Alphabet (GOOGL) and Visa (V) have gained traction since the coronavirus outbreak. Stocks to Watch. The company’s expected earnings growth rate for the current year is 9.1%. It is growing so fast that fintech firms specializing in payment processing continue to take on new markets. Today, you can download 7 Best Stocks for the Next 30 Days. Stock Advisor list price is $199 per year. District Judge Amanda Woodcock’s ruling on Tuesday came a day after the group pleaded guilty to one count of organising an unauthorised assembly, alongside four co-defendants – media mogul Jimmy Lai Chee-ying among them – already remanded over separate convictions or alleged offences. The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Wednesday hailed close ties between their countries as they launched via videoconference work on Russian-built nuclear power plants in China. Perhaps more importantly, PayPal already offers several digital wallet options that wouldn't need to be tweaked to draw interest. By that time, an estimated 94% of all POS hardware will be able to accept contactless payments. The golden age of contactless payments is upon us, and that's good news for fintech-friendly names like Visa , PayPal (NASDAQ:PYPL), and Global Payments . According to the research released by NRF, 58% of U.S. retailers now accept touch-free payment, reflecting a rise of 18% from 2019. It will be worth the wait, though. Consumers not only want the ability to shop at their convenience but also to minimize personal contact with point of sale devices. Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Image source: Mastercard Inc. The company has a Zacks Rank #3. U.S. consumers said using contactless payment during the pandemic has made them more comfortable with the idea of using the method in the future. Certainly, these three names aren't the only companies that will benefit from the growing interest in contactless payments. Visa says that outside of the U.S., more than 40% of transactions it facilitates only require a tap, as opposed to a swipe and/or a signature, jibing with numbers from rival MasterCard (NYSE:MA).The disparity translates into an opportunity in a post-coronavirus world. It's also not a movement likely to boost sales and profits overnight. Chan also pulled down his mask and shouted: “Stay united, Hongkongers fight on.” Many of those in the public gallery replied: “Hang in there.” They went on to chant the protest slogan: “There are no rioters, only tyranny.” But some supporters also swore and shouted: “Shame on the Department of Justice, shame on political prosecution.” Lai, the 73-year-old founder of Next Digital, which publishes the Apple Daily, is already serving a 14-month sentence for his role in two unauthorised assemblies in August 2019, and faces a raft of other charges including ones related to the national security law. The company’s shares have gained 1% over the past 60 days. Take these numbers with a grain of salt. Still, given the sheer depth of this particular scare, it would be naive to say most consumers aren't going to do the easy things they can do -- and have learned to do -- once the coronavirus is gone. Prime Minister Scott Morrison defended his "Fortress Australia" Covid-19 restrictions Tuesday, as experts warned that plans to keep the borders closed for another year will create a "hermit nation". 34 of 38 new COVID cases in Singapore community infections, COVID: India’s Foreign Minister slams Delhi Chief Minister over ‘Singapore variant’ comments, 27 community cases among 38 new COVID infections in Singapore, China skyscraper wobbles, spreading panic in downtown Shenzhen, Israel accuses China state TV of 'blatant anti-Semitism', Hopefuls for Merkel's crown diverge on China, Russia, Surfer dies after shark attack in Australia, Duterte bans Philippines ministers from speaking on S. China Sea, Belarus raids, shuts down main independent news site, Bitcoin tumbles to $30,000 after China warning, Musk remarks, Applying for BTO: What to Seriously Consider Before Asking Your Partner “BTO, Ai Mai?”, Russia asserts presence in Arctic with northern military base, Japan troll fined $12,000 in Netflix suicide case, Stocks, oil and bitcoin sink in volatile trading, Malaysia lights up four towers in a show of support for Palestinians, Chinese Mars rover beams back first photos, Putin, Xi hail ties at launch of work on nuclear plants in China, Elon Musk loses world’s second-richest ranking as Tesla dips, In occupied West Bank, Palestinians cry 'resistance', Hong Kong protests: six opposition figures remanded in custody ahead of sentencing for 2019 National Day rally, Experts warn shuttered Australia is becoming a 'hermit nation'. Top companies for Contactless payments at VentureRadar with Innovation Scores, Core Health Signals and more. Indeed, all three already offer solutions. Many consumers -- and many retailers for that matter -- still have much to learn and accept about contactless or tap-and-pay payments. Visa has a Zacks Rank #3 (Hold). A man who tweeted insults at a Japanese reality TV star after her suicide was fined $12,000 on Wednesday after his comments had sparked concern over cyberbullying. Including Bitwala, Bbot, SecureKey Technologies etc Global Payments Inc. (GPN): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Global contactless payment market expected to reach $18 bn by 2025 The major advantage offered by contactless payments is that customers can instantly complete transactions with the tap of a card. Also, companies in the card space like Visa Inc, V), Mastercard Inc. MA, American Express Co AXP and Citigroup Inc. C are likely to benefit due to the surge in contactless payments. Square is arguably the best example of a company positioning itself to benefit from an increasingly cashless society. Apple Inc. (AAPL) : Free Stock Analysis Report, Visa Inc. (V) : Free Stock Analysis Report, Alphabet Inc. (GOOGL) : Free Stock Analysis Report, PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report. To read this article on Zacks.com click here. The proverbial war on cash was already going well for digital wallets, save in the United States where around half of all small transactions were still handled with cash. Apple, Inc.’s AAPL Apple Pay is a mobile contact payment system and digital wallet service. At the same time, 56% of the merchants have started accepting mobile payments from digital wallets. The company’s expected earnings growth rate for next year is 30.6%. But they're among the names capable of offering solutions. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. Kroger has been expanding contact-free payment solutions like Scan, Bag and Go and Kroger Pay. The company has added an array of services such as contactless deliveries, contactless payment options such as Kroger Pay and low-contact pickups to fight the pandemic.

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