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PayPal no longer the only payment system for eBay

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“Apple Pay is one of the most ubiquitous forms of payments and provides users with an easy, fast and secure way to pay,” said Steve Fisher, senior vice president of payments at eBay. “Offering Apple Pay as a form of payment on eBay is the first step in providing more choice and flexibility in payment options to our tens of millions of buyers.”



Throughout 2019, eBay will continue to offer additional payment options, and by 2021, the retail behemoth expects to have transitioned most of its Marketplace customers to a new and (hopefully) improved payments experience.

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“Managing the end-to-end payments experience on eBay’s Marketplace is a key initiative for the company. As we expand our new payments experience over the coming months, we look forward to offering our global customers many other forms of payments on our platform,” Fisher continued.

Initially, a small group of Marketplace customers will be privy to the first part of Apple Pay’s rollout, so don’t expect Apple Pay to be ubiquitous across eBay quite yet. That said, the company is certainly hoping to onboard a growing number of customers in the near future, and Apple Pay is likely just the first of many payment options. The benefit of an integrated platform are numerous — for one thing, eBay customers won’t have to sign into another service just to check out, and the availability of numerous payment processors will likely mean lower processing charges.

Additionally, eBay will be working alongside Square’s financing service thanks to a partnership with Square Capital. Under the new agreement, eBay sellers can apply for loans of between $500 and $100,000 in order to help their business. This option, for now, will only be available to select U.S. customers.

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China eliminates poverty in 85 counties

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China, on Wednesday, announced that another 85 counties have been officially taken off the country’s list of impoverished areas, marking further steps toward its goal of eradicating poverty by 2020.

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The announcement, made by the State Council Leading Group Office of Poverty Alleviation and Development, came on the fifth National Poverty Relief Day, which falls on October 17 every year.

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This is the largest number of counties to shake off poverty since China vowed in 2015 to win the battle against poverty.

It brings the total number of counties removed from the poverty list since then to 153.

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Poverty levels still high – World Bank Report

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Despite decline in extreme poverty, billions of people in the world still struggle to meet basic needs, the latest World Bank report shows. 
According to the report, economic advances around the world mean that while fewer people live in extreme poverty some 3.4 billion people still struggle to meet basic needs, living on less than $3.20 (Sh323) per day.



The biennial Poverty and Shared Prosperity report titled “Piecing Together the Poverty Puzzle” will be released worldwide today
An earlier report released in April indicated Kenya will not eradicate poverty by 2030.
“At the current pace of poverty reduction, about one percentage point per year, Kenya cannot eradicate poverty by 2030,” World Bank poverty economist and lead author of the update’s special section on poverty commented.
A June report by World Poverty Clock indicates 14.62 million Kenyans, or 29.2 per cent of the population lives in extreme poverty. It also singled out Lamu, Nakuru, Nairobi and Kirinyaga as the only counties with no extreme poverty recorded, at less than three per cent.

In its latest report, World Bank says that more than half of the extreme poor live in Sub-Saharan Africa, with the number of poor in the region increasing by 9 million to 413 million people living on less than US$1.90 a day as at 2015, more than all the other regions combined. 
The report says that if the trend continues, by 2030, nearly 9 out of 10 extreme poor will be in Sub-Saharan Africa.
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The majority of the global poor live in rural areas, are poorly educated, employed in the agricultural sector, and under 18 years of age. 
“Living on less than $3.20 per day reflects poverty lines in lower-middle-income countries, while $5.50(Sh555) a day reflects standards in upper-middle-income countries,” says the report.
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-ThrStar

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