Money still moves even when worldwide borders are closed. Here’s why the trillion-dollar global payments industry is so vital.

Tuesday, 4 August 2020, 11:00:00
By Stephen Grainger, executive vice president, New Payment Platforms, Mastercard The world of business and commerce has experienced tremendous change over the past five years — from the rise of the digital nomad, international online selling, increased cross-border trade, the sheer scale of migrant working, and the birth of the gig economy. With this change, payments have had to follow suit becoming “border agnostic” as businesses increasingly rely on country-to-country transactions. Whether that’s the Indian worker in Dubai sending funds back to their family, the US eBay seller collecting digital payments from Europe, or the British freelancer in Mexico remunerated for a Canadian “gig”, the payments world has had to adapt. Even through the pandemic, the global cross-border economy has continued operating efficiently behind the scenes. Despite physical borders closing, people have continued to move money without friction. Indeed, Mastercard’s cross-border platforms have seen growth over 150% since January 2020.
— Business Insider

eBay and NBA Sneaker King P.J. Tucker Team Up to Unveil

Monday, 3 August 2020, 17:52:17
eBay is the ultimate destination for new, vintage and hard-to-find kicks; it’s also the marketplace that the NBA’s most renowned sneaker
— AIThority

EBay partners with NBA’s ‘sneaker king’ P.J. Tucker to boost shoe sales

Monday, 3 August 2020, 17:42:55
The e-commerce company is looking to attract sneaker lovers as it hopes to take advantage of a $500 billion online marketplace.
— CNBC

eBay : Launches First-Ever “Collector-Con,” Announces Series of Special Exclusives on the Latest Non-Sports Trading Cards | MarketScreener

Monday, 3 August 2020, 14:42:12
eBay, one of the largest destinations for trading cards, unveils Collector-Con, a month-long celebration of exclusive non-sports trading card specials from drama and sci-fi to street art… | August 3, 2020
— MarketScreener

This golf pushcart retailer saw sales plummet 30% during the US-China trade war. Then COVID-19 made it an unexpected winner of the pandemic.

Saturday, 1 August 2020, 12:05:00
Oregon-based small business ProActive Sports is the American distributor of Clicgear, a Chinese-made golf pushcart described as the “Rolls Royce of pushcarts.” At the height of the US-China trade war, the US slapped a 25% tariff on ProActive’s products, and the company saw sales tank 30% as it had to raise prices to accommodate the new tax. Less than a year later, the business is suddenly booming. The company has found itself an unexpected winner of the coronavirus pandemic, since many courses have banned rental pushcarts and golfers have had to buy their own. Business Insider spoke to ProActive owner Steve Skinner, who put his whirlwind year into perspective. Visit Business Insider’s homepage for more stories . While the coronavirus pandemic has largely crippled America’s economy, there have been some unexpected winners in the COVID-19 era — from baking yeast to the Nintendo Switch . The golf pushcart industry is another one of these pandemic successes. With many courses pausing rentals of golf carts and pushcarts to prevent the spread of the coronavirus, many golfers have started buying their own.
— Business Insider