In today’s major payments news around the world, the economic indicator indicates the strength of the global economy Air force base Now supports international bill payment for more than 200 countries. Additionally, the Olympic Games are digitalized with an opening virtual series.
UK PMI aims to boost the global economy
The global economy is on track for a massive recovery, as evidenced by increases in Asian and European industrial production and service demand according to the latest PMI, which is published monthly by IHS Markit. UK manufacturing PMI settled at 60.7, marking an increase of 58.9 in March. The index is a measure based on research in the manufacturing and service industries. A reading above 50 points indicates expansion in business activity, while a reading below 50 points indicates contraction.
The Air Force Base now supports international bill payments for more than 200 countries.
The Air Force Base now supports international bill payments for more than 200 countries and 145 currencies. As stated in the announcement, companies must make payments to suppliers around the world as they grow internationally. The invoice payment feature of Air Base’s expense management system provides the option to pay foreign suppliers in US dollars or local currency. Other bill payment features for Air Force Base users include fire and self-rating.
The Olympics became digital with the first virtual series
a International Olympic Committee (IOC) will work with international sports federations and game publishers to implement the Virtual Olympic Series (OVS), the premier Olympic event licensed for physical and non-physical virtual sports. The series will take place between May 13 and June 23, 2021. “The Virtual Olympic Series is a new and unique digital Olympic experience aimed at increasing direct participation with new audiences in the field of virtual sports”, President of the International Olympic Committee Thomas Bach He said in an advertisement. The games, which the International Olympic Committee still calls Tokyo 2020, have been postponed due to the pandemic.
The new PYMNTS study: Index of Commercial Transfer of Signatures – April 2021
About the study: A third of consumers who signed up for subscription services last year were only interested in a free trial. In the Commercial Subscription Transformation Index 2021, PYMNTS surveyed 2022 consumers in the US and analyzed more than 200 commercial subscription providers to identify the key characteristics that convert ‘subscription curiosity’ into long-term permanent subscribers.