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You Are Not Alone and other charitable foundations: Supporting local healthcare capabilities in the drive for health equity

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Philanthropic organizations like You Are Not Alone Foundation are adapting their healthcare funding strategies for the future, with an increased focus on training and supporting local capabilities.

The coronavirus pandemic highlighted health inequity around the globe, with developing countries and socially disadvantaged communities everywhere bearing a disproportionate impact from both the virus and its economic consequences.  

When COVID-19 began to spread in early 2020, it rapidly became apparent that healthcare systems already under-resourced and stretched to the limit would soon be overwhelmed. The response from development organizations and private philanthropy was immediate and substantial: in the US alone over €18bn was raised in pandemic relief in 2020.

Philanthropy and development aid has already played a major part in funding gains in health equity that have been achieved in recent decades – like the 50% reduction in the mortality rate for children under five achieved between 2000 and 2020.   

But COVID-19 shows how much remains to be done to achieve real health equity – equal access to basic healthcare, medicines and vaccines. In March 2022, 2.8bn people in low-income countries were still waiting for a first vaccine. Moreover, disruption caused by the pandemic to local healthcare services and aid from external sources reversed years of progress in tackling diseases like malaria and tuberculosis.

However, just as the pandemic response has brought some lasting benefits – for instance, the accelerated spread of cycleways across many cities and the new availability of hybrid and more flexible working – there is also hope that it can galvanize the drive to achieve health equity across all countries.

There are three main reasons for this: firstly, it is abundantly clear that improving what’s termed ‘pandemic preparedness’ in low-income countries must be an essential part of the strategy to deter the global spread of another novel virus.

Secondly, it is evident that pandemic preparedness cannot be tackled in isolation from overall health equity in the form of improved healthcare access and services. The two go hand-in-hand.

Thirdly, every donor organization active in pandemic relief, from charities focused on one country to global philanthropic foundations and development aid entities, has learned from experience. Now, they are adapting their healthcare funding strategies for the future, with an increased focus on training and supporting local capabilities, from medical supply chain logistics to hospitals and primary health care facilities such as community clinics.

The You Are Not Alone Foundation (YANAF) supports healthcare and education for children in Uzbekistan, the homeland of founders Lola Tillyaeva (Till) and Timur Tillyaev, by providing state-of-the-art medical equipment and supplies, building new medical facilities and, in partnership with French NGO La Chaîne de l’Espoir (Chain of Hope), funding cardiac surgery for children with congenital heart conditions. Since 2015, 135 children have undergone lifesaving surgery in Uzbekistan by surgeons brought in from France, while 21 complex cases were flown to France for surgery and aftercare.

This work was briefly put on hold during the pandemic but resumed in 2022 when visiting French surgeon Dr Olivier Baron, with his Uzbek counterparts, performed surgery on six Uzbek children and provided consultation to another 60.

Founders Lola Till and Timur Tillyaev say that the interruption caused by the pandemic has led YANAF to focus even more on building local capabilities in Uzbekistan: “Covid-19 made many philanthropic initiatives more difficult with vulnerable children suffering the most. This has made it even more imperative that we continue our work providing lifesaving surgery and training to local healthcare professionals. You Are Not Alone was founded to ensure that underprivileged children in Uzbekistan can live a fuller, healthier, and happier life. By training local doctors, many more children will be able to benefit from lifesaving surgery in the future.”

The Bill and Melinda Gates Foundation is well-known as the largest private foundation that provides global support to improve healthcare and reduce extreme and has always worked closely with local healthcare professionals. Since January 2020, the Foundation has committed over $2 billion to the global pandemic response. Recently, the Foundation stressed the need to learn from the lessons of Covid-19 by accelerating the drive to improve health equity which will, it says, help prevent another pandemic, because ‘…the systems and tools the world develops to address diseases that already plague lower-income countries are the same tools needed to fight future novel viruses.’ 

In June 2022, the World Health Organization (WHO) launched its Primary Health Care (PHC) strategy for the European region (53 countries across Europe, Central Asia and Asia). The new strategy is based on the bold actions taken by countries in response to the pandemic, which have transformed how PHC is delivered to people in their communities. This follows the April launch of an initiative to demonstrate well-performing PHC facilities by bringing key healthcare professionals and decision-makers from other countries for 3-to-5-day structured on-site visits.

Another cause for optimism is that, in a recent report by Deloitte, digital transformation is listed, along with health equity, as one of the six key healthcare issues shaping the future of global healthcare. Digitally-enabled care can help improve health equity worldwide by serving patients in their local communities and decreasing the burden on healthcare providers.

With the new sense of urgency instilled by this pandemic, development aid and philanthropic organizations can, by working closely with local healthcare experts and providers, accelerate the move towards equitable access to healthcare, medicines, and vaccines for everyone on the planet.

Top Influencer Marketing Strategies to Boost your Business

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In today’s digitally-oriented world, not using influencer marketing is one of the biggest mistakes a brand can make. Influencer marketing has evolved from a marketing fad to a considerable piece of marketing spend. But, it has to be done correctly. The best way to guarantee a top strategy that resonates with your audience and boosts your business is to work with an influencer marketing agency.

Influencer marketing agencies can help brands of all industries with any and all influencer marketing activity. Whether you want to activate a short-term influencer campaign or implement an always-on approach, a reputable influencer marketing agency can help.

Considering influencer marketing agencies have experience with thousands of influencer marketing campaigns, it’s safe to say they understand the strategies that work best to boost business. Not only this, but they understand the importance of tailoring every strategy to each client; what works for one, won’t work for another.

Here are three top influencer marketing strategies that your business can use to boost ROI:

1. Identify Your Objectives and KPIs

The first step to any successful marketing campaign is identifying your objectives and key performance indicators (KPIs). This will help you determine whether your campaign was a success or not, and help you identify any areas to improve on for next time.

For example, if your objective was to increase brand awareness, then you would track KPIs such as reach, impressions, and website traffic. If your objective was to increase sales, then you would track KPIs such as conversion rate and revenue.

Once you know what success looks like for your campaign, you can start to implement strategies that will help you achieve your objectives. Your objectives and KPIs are the building blocks of any successful influencer marketing strategy.

2. Work with Micro-Influencers

Micro-influencers are influencers with a smaller following, usually between 1,000 and 50,000 followers. Although they have a smaller following and reach, they actually have higher engagement rates than larger influencers, which is something many brands have begun preferring.

This is because their followers are more likely to trust their recommendations, as they feel like they have a personal connection with the influencer. When influencers begin to grow, their audience often begins to disconnect from them. Micro-influencers are also more affordable than larger influencers, so you can get more return for your investment.

3. Implement an Influencer Marketing Strategy that is Results-Driven

An effective influencer marketing strategy is one that is results-driven. This means that you need to focus on working with influencers who have a proven track record of driving results for brands like yours.

The best way to find these influencers is to look at their previous campaigns and see what kind of results they were able to achieve. You can also look at the engagement rates of their posts to get an idea of how popular their content is with their followers.

An influencer marketing agency can also help you identify the right influencers to work with, based on your campaign objectives. Agencies have access to influencer databases and platforms that can accurately breakdown an influencer’s audience demographic, engagement, followers and more. In addition to this, agencies have rigorous vetting processes for choosing influencers. Not only will they ensure an influencer’s metrics will match your brand, but they will also assess previous brand partnerships (to make sure there aren’t any direct competitors), tone of voice (to ensure it matches your brand’s messaging and voice), and whether or not the influencer is a potential PR risk for your brand.

These are just a few of the many different strategies that you can use to boost your business with influencer marketing. If you want to see real results from your campaigns, then it’s important to work with an experienced influencer marketing agency.

Understanding How The Television Revenue Is Increasing The Stature Of The Premier League

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The modern-day footballing empire known as the Premier League has evolved so much ever since its birth in 1992. The rise of the competition has been impressive, and one thing is for sure – TV rights and prize money played a pivotal role in its rise to the top.

Moreover, due to the high coverage of England’s top-flight competitions, bookies are known for having big sponsorships and investment in the league which helps the wheel of money rotate.

So, let’s take a closer look at what exactly is broadcast revenue in football, and how it is increasing the stature of the Premier League.

What is TV Broadcast Revenue?

Let’s take it step by step, first, we need to know what exactly is broadcast revenue. A general definition says that broadcast revenue is the money paid to the football federation and the clubs by its broadcasting partners (which can be TV networks or even online platforms), who subsequently have the right to display or cover certain games.

In modern times, all major sporting events rely very heavily on broadcasting revenues to generate profits, so you can see why they are so important to the Premier League.

So, How Does it Help With Increasing the Stature of the Competition?

To understand how the TV Broadcast Revenue helps the Premier League, let’s see some of the numbers. Earlier this year, it was announced that the PL’s income from broadcasting deals will see the competition break the £10 billion amount over the following three seasons.

Moreover, clubs are reportedly told that the broadcasting partnerships from abroad will generate more than the current domestic deals. From 2022 to 2025, overseas deals will be up to 30%, and in numbers, it translates to £5.3 billion, with the domestic deals being £5.1 billion.

So, you can imagine how the Premier League’s success in achieving such deals is very unique in football, as no other league in the world comes anywhere near these numbers.

Furthermore, new deals with Nordic Entertainment Group and NBC provide around £2 billion in that three-year period, but the contracts that broadcasters have are worth more than double that over their six-year terms.

These numbers show that the difficult times of 2020 are well and truly behind. In the 2022/23 season, Premier League champions will earn £176 million in prize money, which is an increase from the £153 million won this season.

Even the clubs at the bottom of the table will be guaranteed £106 million, 9 more than the previous season.

With these numbers in the equation, it is understandable why the Premier League has told clubs in the competition that they can now begin negotiation with the EFL (English Football League) about solidarity payments.

These numbers just show how big the international appeal is for the Premier League. Gone are the days when only domestic TV companies had the right to broadcast the competition. Nowadays, the Premier League is closely followed in the US, so, as you would expect, broadcasters from that region take matters into their own hands.

This money helps the teams to become more competitive both in the Premier League and in the Champions League. In fact, when you look at the odds, it’s really hard to predict who will finish where due to the competitiveness of the league. For example, this season, Newcastle, West Ham, Aston Villa and Leicester are all in line to fight for the 7th Position.

For this reason bettors are giving special promotions. One of the promotions you can always use is the Bet365 free bets, which can be very helpful in securing a nice win and if not you get the money back to try again. One of the offer being that you get Get £50 in Free Bets with the Bet365 Sign up Offer.

Which are the Main TV Partners of the Premier League?

There are tons of international partners of the Premier League, and they are all stated on the competition’s official website. Matches in the UK are broadcast live by BT Sport, Sky Sports and Amazon Prime Video.

This information relates to the main broadcasting partners of the Premier League, but there are other overseas partners as well. Licenses for other partners are handed out on a regional basis, and there is practically no place on earth where the Premier League is not broadcast.

Furthermore, BBC Sport is the free-to-air highlights broadcast partner of the Premier League in the UK.

In 2021, it was announced that all Premier League clubs agreed to conclude a three-year renewal of these broadcast agreements with the above-mentioned broadcasters. So, Sky Sports, BT Sport, Amazon Prime Video and BC Sport have the broadcasting right until the 2024/25 season.

The broadcasting money that the PL generates seems to increase with each new arrangement, and it seems that these numbers will be even bigger from 2025 and above, so it is clear to see why the Premier League is currently the number one football competition in the world.

Almost $2bn lost in crypto project security issue

Even with the crypto market experiencing a downfall this year, data shows a major increase in criminal activities directed at the sector.

According to the study by the Atlas VPN team, based on the numbers provided by Slowmist Hacked, cybercriminals cashed in $1.97 billion from 175 crypto project attacks in the first half of 2022. The Ethereum ecosystem was the prime victim and lost over $1 billion in 32 attacks.

Monetary losses were calculated based on the conversion rate of a particular cryptocurrency at the time of a hack or scam event.

The Solana ecosystem occupies the second spot on the list. Cybercriminals stole $383.9 million from Solana-related projects in only 5 events.

Next up is the Binance Smart Chain (BSC) ecosystem, with $141.4 million in losses. In total, the BSC ecosystem faced 47 hack and scam events in the first half of this year — more than any other crypto project.

Meanwhile, non-fungible token (NFT) projects earned cybercriminals $84.6 million in 45 events, while the Fantom ecosystem brought in $54.8 million in 8 events.

Crypto project-related cybercrime nearly doubles in H1 2022

Cryptocurrencies are often advertised as a more secure alternative to traditional payment methods, but numbers tell a different story. In fact, the number of cryptocurrency project-related cybercrime events keeps growing.

If we compare this year and last year’s numbers, cybercrime numbers affecting crypto projects rose by 94%, from 90 in H1 2021 to 175 in H1 2022. Q1 of 2022 saw 79 cybercrime events — 108% more than Q1 2021 with 38 events. In the meantime, Q2 of 2022 had 96 cybercrime events, an 85% rise from 52 in Q2 2021.  Overall, cybercrime events increased by over a fifth (22%) from the first quarter of this year to the second.

To read the full article, head over to: https://atlasvpn.com/blog/crypto-hackers-stole-almost-2-billion-in-h1-2022

How regular management accounts help you plan for the future

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What are the most valuable reports in your financial arsenal? The cash flow statement, balance sheet, profit and loss? While these are useful individually, they can be narrow in scope.

That’s why many companies choose to bring these reports together to create management accounts. A more in-depth overview of finances, management accounts can help you spot trends, issues, strengths and weaknesses.

They are also bespoke to your business. You choose what to include, from meaningful KPIs to standard financial reports. This helps you improve processes and make a financial plan fit for the future. Using data this way makes us up to three times more likely to make good decisions.

So, what exactly are they?

What are management accounts?

Management accounts use a range of forecasts, data and reports to make informed business decisions. They use past, present and future financial data to give you a well-rounded, overall look at your business’s financial health.

While individual financial statements tell you part of the story, management accounts bring them all together. They can be created internally or by your outsourced accountancy service. They’re not mandatory – and they don’t have to be filed with HMRC.

Limited companies, small business owners, accountants and management teams alike can benefit from producing management accounts. The in-depth view shows your financial health now and in the future – enabling informed strategic decisions.

How often should you prepare management accounts?

Instead of relying on annual accounts at year-end to make ongoing business decisions, management accounts can be a more regular tool. They’re best prepared at regular intervals; monthly management accounts might help in high-variance businesses, while quarterly works for many others.

Implementing regular management accounts can transform your business, especially when tailored to your business processes or needs.

What should be included in management accounts?

So, what should you include in your management accounts? There’s no one-size-fits-all answer – although many things will appear in most of them. Pick reports and statements that are meaningful to your business activities. Consider including:

Key performance indicators (KPIs)

Include the KPIs that matter to your business. Whether it’s profit margins, areas of performance, or by department, it should be something that impacts your decisions. This lets you focus on areas that make a difference and improve them if needed.

Cash flow statement

This is where your bookkeeping comes in. Use your cash flow statement to get an overview of your cash position. You should use past data to help inform decisions – it’ll give you insights into strengths, weaknesses, and seasonality in cash flow. Then, create cash flow forecasts to spot potentially tricky months ahead of time.

Profit and loss statement

Your profit and loss (P&L) statement gives you a snapshot of your profitability. Check your income statement to see how much you’re generating and get an overview of costs and expenses paid out. This will help identify any costs that are hindering progress and let you compare your situation over time.

Balance sheet

Your balance sheet will also give you valuable financial information. You’ll get an idea of assets, liabilities, and debts – allowing you to see if all obligations are in hand.

What are the benefits of management accounts?

Collecting this information into management accounts brings various benefits.

1 – Monitor your finances closely

Instead of simply checking balances, your management accounts can give you a thorough idea of financial performance. It will help spot errors, look at any variance in cash flow, and identify potential issues before they happen.

2 – Timely decision-making

Then, you’ll be in a position to make informed judgments. You’ll be able to make timely, data-driven business planning decisions – instead of relying on gut-feeling or snapshots in time.

3 – Make budgets for the future

You can then make budgets for the future, not just the present. By planning for the long-term, you’ll avoid shocks from things like tax bills, cash flow variance and dividend payments.

4 – Improve efficiency

Use the insights from your management accounts to improve efficiency. This could mean many different things for different businesses – the crucial part is identifying it through your management accounts.

5 – Work with stakeholders and investors

Management accounts are also an excellent tool for stakeholders and investors. Regular management accounts can help justify business decisions and attract lenders when needed.

Make good business decisions

Up-to-date management accounts can change the way you see your business. By doing regular reviews, you’ll see trends and spot issues early – making better decisions that positively impact business performance.

Manage Your Work and Studies with Apps Like Study Bunny

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One of the significant reasons behind installing productivity apps on your phone would be procrastination. Productivity apps help in improving our lifestyles. There are tons of advantages to installing productivity apps like Study Bunny. The first benefit is that you start observing the noteworthy improvements in the quality of work you do daily. Also, it is one perfect way to set and implement goals. Apart from that, you don’t need to keep manual track of your work; these apps also take care of that.

Focusi – Study Timer

If you want to take your studies seriously and improve productivity, Pomodoro is a technique you must check out. The Focusi has made this technique even better with its intuitive interface. This study time will allow you to start your study with one tap. You can also check your studying stats and make more improvements according to your schedule. One of the best advantages of the app is that you can easily concentrate better with its fantastic screen pinning feature.

Moodflow: Mood

Wouldn’t it be amazing if an app told you what makes you happiest? Yes, now, with Moodflow, you can discover what makes you most comfortable. The app aims to help people by giving improvement suggestions. One of the app’s best features is that it has a calendar that allows you to track your days in the easiest possible way. Apart from that, the app is excellent for discovering personal insights.

Dreamfora: Daily Goal Settings

If you are someone who hates to plan out things, then start using the Dreamfora app. It is a complete package that converts dreams into reality. Also, it is one of the most straightforward goal-setting apps you will ever discover. With the Dreamfora app, Long-term Planning is Made Quick and Easy. Apart from that, if you want to make your journey more pleasant and productive, there would be hardly a better app than the Dreamfora

StudySmarter- School & Uni

With more than 5 million downloads and votes #1 study app, the StudySmarter is the only app you may require to get better grades. The app has many features such as flashcards, notes, explanations, textbook solutions, a study timer, and many more. The app allows you to create flashcards within seconds. Apart from that, you can save valuable time by using the most accessible note-taking tool of the Studytimer app. Also, the app has dedicated experts to solve your study-related doubts.

FLIP – Focus Timer for Study

FLIP is an app that will help you improve your study habits in a short period. There could be tons of reasons to use the FLIP app. If you are unable to pay attention to your study, read, or work, or unable to manage your work and studies together, the FLIP is an app you should go for.

Summing Up

If you find yourself lacking in the quality of work, then you must check out all these apps and install the best suit for you. All the apps mentioned above have significant features that allow you to do things in a better way. Also, managing your work and studies will never be so smooth and easy with the apps like Study Bunny.

London property prices set to fall as apartments drop in value by 11%

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UK Land Registry data reveals median sale value plummeted from £444k to £394k since August 2020

Simon Bath, CEO of iPlace Global, the creators of Moveable, and David Hannah, Group Chairman at Cornerstone Tax, outline how the capital’s property market is cooling.

There are signs of a cooldown in the capital’s property market, with apartments declining in value and house prices increasing, but at less than half the rate seen across the rest of the UK. The median sale of a flat in London now sits at just under £400k, which is 11% down from a peak of around £444k in August 2020. Although the average sale price of a house is now at a staggering £634,000, Zoopla data highlights London as the UK’s worst-performing property market with just a 3.9% increase in value since May last year – which is less than half the British average. 

The real estate platform also reported that properties are taking much longer to sell in London; Simon Bath, CEO of iPlace Global, the creators of Moveable, and David Hannah, Group Chairman at Cornerstone Tax, suggest this is an indication that something has to give in Britain’s most expensive market. The trend of homebuyers opting for houses with garden space over apartments began during the pandemic and has continued to pick up steam since – as illustrated by the plummeting value of flats in London. The stunted growth of house prices is also reflective of what is happening across the nation, with Nationwide’s latest data showing they increased by just 0.3% in June, compared to a 0.9% rise in May. 

This comes amidst a worsening cost-of-living crisis which has seen energy bills soar, inflation hit its highest rate in 40 years and interest rates rise to 1.25%. Experts suggest this is finally starting to have an effect on the UK property market, with new Bank of England figures revealing consumer borrowing hit a four-month low in May – indicating Brits are now exercising much more caution with their finances. Although some initiatives have been introduced to help people get on the property ladder – such as the return of right to buy and the scrapping of affordability tests – soaring prices still represent an insurmountable hurdle for many and this is beginning to affect levels of demand. 

Simon Bath, CEO of iPlace Global, the creators of Moveable, discusses whether London prices are set to fall:

“It certainly seems as though prices in the capital are beginning to peak after years of considerable growth. Amidst a cost-of-living crisis the idea of buying in London became somewhat of a dream rather than a reality for many.

“However, with the price of apartments now falling by 11% since August 2020, this finally brings them back into the realms of affordability. The fact that house prices in London are rising at one of the slowest rates in the UK also suggests that something has to give in the most expensive markets in Britain. 

“House prices across the nation as a whole will undoubtedly seem daunting for a large number of prospective homeowners. However, we are seeing smaller increments in these rises, exhibiting signs that the property market is cooling.
 
“Whilst I predict that the housing marketing will see a slowdown in the coming months, it is also worth noting that there are still significant hurdles to overcome in terms of supply and demand. The government has recently announced various plans to overcome the supply chain issues in the market, which could further help to put the brakes on rising prices over the next year. Hopefully with these new schemes, we will potentially see a continuous decline in house prices to balance out growing inflation.”

David Hannah, Group Chairman at Cornerstone Tax, analyses whether the property market across the UK is set for a slowdown: 

“Despite the consistent rise in prices, I think there are signs of a slowdown. The average house price saw a month-on-month rise of 0.3% in June, which is lower than May’s 0.9%, combined with the expected rise of inflation to reach double digits towards the end of the year, I believe the rise in house prices will continue to slow.
 
“If more properties do enter the UK housing market, a more manageable supply and demand level will be seen and subsequently halt the rapid rise of house prices. There are positive signs in relation to this, with figures showing an increase in new listings in the UK, which will put an even harder brake on the incredible rises we’ve seen over the past few months.”

Revealed: Pay gaps between CEOs and employees increased by 85% after the pandemic

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One consequence of the pandemic was that pay ratios between CEOs and their employees began to fall, but new research has indicated that these ratios are once again rising to new highs.

MoneyTransfers.com has analysed new data in the field and here is what we found:

  • A correlation between the industries with the lowest CEO/employee pay-ratio and the highest paying UK companies. Media and finance have the lowest average pay ratio, 29:1 and 30:1, respectively. This could be due to the fact that employees in these industries are likely to be highly-skilled and therefore earn a higher median salary than more service-based industries such as retail.
     
  • The median CEO/median employee ratio across FTSE 350 was 44:1 in 2020/2021 – a drop from 53:1 in 2019/2020. This drop suggests that the pandemic impacted pay-ratios with CEOs salaries decreasing significantly as a consequence of lost business performance.
     
  • However, data from the first quarter of 2022 shows that the median CEO/median employee ratio has almost doubled compared to the same period last year –  63:1 in Q1 2022 compared to 34:1 for the same companies last year. This indicates that the diminished pay ratios in 2020 were merely a result of impacted business performance due to the pandemic, rather than a shift in attitudes from CEOs.
     
  • A survey of the public opinion shows that 62% of respondents think that CEOs should earn between 1 and 20 times that of an employee and 29% think they should earn between 1 and 5 times more. For reference, public opinion is more in-line with the typical pay-ratios seen in the 1980s than the astronomical differences in pay we can see now.

“The poll clearly shows that the public are strongly in favour of a fairer distribution of income within companies – something likely to be only more changed by the fact that incomes are not rising comparably with inflation, energy bills, and other daily expenses,” says Jonathan Merry, CEO of MoneyTransfers.com

You can read the full analysis here

Payments trends for 2022 and beyond 

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The payments sector has evolved significantly over the last decade. We have moved away from cash-based payments and fully embraced the digital sector. In 2022, a number of trends are dominating and for businesses that want to take payments, or make them, it is essential to have an idea about what they are. 

Payment gateways 

Consumers are no longer inputting their card details into sites, instead, they are utilising payment gateways that do much of the work for them. A payment gateway is a merchant service that provides the facilitation and authorisation of purchases between an account holder and a platform such as a gambling site or eCommerce store.  

For example, there are many casinos that use Interac, which is a payment gateway service provider that allows players to electronically transfer money from their bank to their account and then to a gambling site. It provides a secure option for players, as well as speed, safety, and convenience. This kind of method is becoming increasingly popular across all verticals, with operators offering several different providers in a bid to serve their clients better. 

Crypto and digital currencies 

For many years, cryptocurrencies were something of a fringe technology. They were used almost exclusively in the underground, with very few places to spend them. But in 2022, the situation has completely changed. More than 100 million people use cryptocurrency across the world, according to data from a leading cryptocurrency exchange.  

As Bitstamp’s survey indicated, the actual number is likely to be higher, with more and more users coming on board every day. While only around 5% of global merchants accept crypto, some big names are already involved. For example, Microsoft, Starbucks, Etsy, and Whole Foods all offer crypto payments, with demand from consumers rising toward 50%. There are a number of intermediary companies that provide services to merchants and online operators who want to offer crypto payments to clients, making the process easier and more secure. 

Digital wallets 

Source: Pexels 

Also known as an electronic wallet, a digital wallet is an app stored on a phone, tablet, or computer that stores the users’ payment information securely. The information it stores include card numbers, names, addresses, security numbers, and even passwords. Using a digital wallet means that users do not need to type in all their details every single time they want to make a payment. 

Instead, they simply use the app each time they reach the checkout. However, digital wallets do not just store credit and debit card details, they can also keep track of gift cards, membership and loyalty cards, coupons, and reservations for travel and accommodation. According to Jonathan Kriegel of the Forbes Business Council, some of the most well-known and widely used digital wallets include PayPal, Google Pay, Venmo, Apple Pay, Zelle, and Cash App, although there are many local ones for specific jurisdictions. 

Digital wallets are widely believed to be the future of card and bank account-based payments, increasing security and convenience and even facilitating in-person payments. 

We have come a long way from paying with just cheques, notes, and coins. In 2022, the use of physical money is lessening while there is an increase in money that uses pixels, code, and the internet. Where we go from here remains to be seen. 

Global water scarcity is ‘code red’ for humanity, the answer is private finance

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Half the world is now facing droughts, floods and filthy water – and the problem urgently requires huge amounts of private finance, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.

The warning from deVere Group’s Nigel Green comes as Italy declares a state of emergency amid the worst drought in 70 years. 

Elsewhere, Lake Mead, the largest reservoir in the United States, which provides water for tens of millions of people and countless acres of farmland in the southwest, is now just one-quarter full. 

Meanwhile, once again Sydney is flooded as the impact of the climate crisis becomes the new normal for Australia’s most populous state.

Nigel Green says: “There’s no doubt that all around the world the fallout of the growing climate crisis is accelerating.

“The UN’s Intergovernmental Panel on Climate Change has warned in a report that more than half the world’s population faces water scarcity for at least one month every year, others will be hit by regular severe floods, previously only seen once-in-a-generation, while others have access to only dirty water.

“This is now being played out in real-time every time you look at the news.”

He continues: “A failure to get a grip on this emergency is going to produce catastrophic, irreversible consequences later.

“The response will require political and social determination on a global scale. 

“But, critically, it will also require tens of trillions of dollars. As governments alone cannot afford this now, especially with slowing economic growth amongst other headwinds, the solutions demand private financing.”

As such, notes the deVere Group CEO, the financial sector needs now needs to become more proactive to “unleash and mobilise” the funds required.
He is calling for never-before-seen levels of cooperation between financial advisories, insurance firms, banks, wealth and asset managers, investment companies, fintech groups, banks, and auditors in the fight against climate change.

“Governments around the world have proven themselves to be slow – at best – at responding to the urgent ‘code red’ situation’ we’re facing.

“Therefore, the financial industry must step-up. If we don’t, the level of funding will not be available, nor at the pace necessary, to mitigate human-created global warming.”

Nigel Green concludes: “Climate change is the greatest risk multiplier to our planet, to our communities, and to our way of life.

“It will take huge amounts of private financing to halt its impact. 

“The onus now falls on the financial sector to help mobilise and unlock the necessary funds through education and robust, impactful investment solutions.”

  • bitcoinBitcoin (BTC) $ 89,516.00 1.87%
  • ethereumEthereum (ETH) $ 3,052.56 2.32%
  • tetherTether (USDT) $ 0.999087 0.03%
  • bnbBNB (BNB) $ 870.25 1.25%
  • xrpXRP (XRP) $ 1.90 2.41%
  • usd-coinUSDC (USDC) $ 0.999836 0%
  • tronTRON (TRX) $ 0.284802 0.23%
  • staked-etherLido Staked Ether (STETH) $ 3,048.89 2.28%
  • cardanoCardano (ADA) $ 0.364510 7.09%
  • avalanche-2Avalanche (AVAX) $ 13.37 8.19%
  • the-open-networkToncoin (TON) $ 1.73 2.57%
  • solanaSolana (SOL) $ 128.29 2.8%
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