The White House has been pushing a V-shaped recovery narrative that is not reflected in current data. One big sticking point is the rescue package being negotiated in Congress. Lack of new funding could further stunt activity. “Dreams of a V-shaped recovery are long gone,” said Beth Ann Bovino, U.S. chief economist for S&P Global. […]

Minneapolis Fed President Neel Kashkari is advocating a full economic shutdown for up to six weeks to halt the Covid-19 spread. In a Friday New York Times op-ed he authored with Michael T. Osterholm of the University of Minnesota, Kashkari said the initial March lockdown didn’t go far enough. “To be effective, the lockdown has to be […]

The dollar steadied on Friday as a jump in U.S. bond yields and a drag on sentiment from lackluster Chinese economic data put the brakes on a selldown of the world’s reserve currency. China’s retail sales unexpectedly extended their fall into a seventh month in July and industrial output missed expectations – suggesting bumps in […]

Good news! As we continue reactivating all the services on your Payoneer Prepaid Mastercard® card, we’re happy to inform you that you’re now able to withdraw your funds to your local bank account, make payments and manage currencies. While we had communicated previously that this would become available on Monday, July 6th, we listened to your feedback […]

Wirecard AG, a German payment processor filed for insolvency on Thursday amid ongoing scandal of a missing $2 billion. The huge accounting scandal has led to Wirecard AG’s ex CEO, Markus Braun’s arrest, which has shocked and majorly impacted Payoneer card owners. As they are issued by its subsidiary, Wirecard Card Solutions Limited (WCSL) in […]

Skrill Limited, Sonali Bank Limited and HomePay officials exchange agreement documents at a ceremony in London on Tuesday Courtesy The agreement will also allow Bangladeshis to use Skrill to pay online merchants directly by using their local bank accounts Skrill Limited, Sonali Bank Limited and HomePay signed a memorandum of understanding (MoU) in London on Tuesday, […]