Mr Mandar Agashe, Founder and MD, Sarvatra technologies,” Covid-19 has not just pushed digitisation but it has also significantly influenced the manner in which people transact. Consumer demands and expenditures have shifted to minimum, mostly towards essentials and emergencies. In addition with the lockdown measures and social distancing norms people are not venturing out to banks and ATM as frequently.

A leading e-wallet firm has revealed that cryptocurrency deposits increased by 48% in the first quarter of this year while fiat (official government) currency use remained flat.

STICPAY figures show Bitcoin is the leading cryptocurrency of choice for its e-wallet users, dwarfing Ethereum, Litecoin and Tether by 38 times their combined usage.

Commenting on the UK economy set to achieve the expected 7.25% growth forecast in 2021, Rupert Thompson, Chief Investment Officer at Kingswood, said: “The UK economy held up better than expected during lockdown in the first quarter. GDP posted a 1.5% drop over the quarter as a whole but encouragingly grew a larger than expected 2.1% in March as the economy started to reopen. These numbers will bolster hopes that the economy will achieve the 7.25% growth forecast by the Bank of England – the fastest growth in seventy years.

SPACs have recently become so popular because they offer opportunities for a higher valuation. SPAC in full is a Special-Purpose Acquisition Company. SPAC refers to a company that has no commercial operations. They are set up to raise capital to acquire existing companies to be merged with private companies.

SPACs are desirable to private companies because major shareholders and founder can sell the companies at a higher percentage than they would otherwise do with an Initial Public Offering(IPO)

In the last decade, online investing has become a pretty popular trend. Of course, there’s a good reason for this. Thanks to the rise of online trading platforms, people worldwide now have a chance to secure a better financial future for themselves through various investment opportunities. While taking a gander at the stock market might have seemed like a tedious task not too long ago, online trading platforms make it easy for everyday Joe’s to enter the fold and give things a fair shot.

Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it is now processing more than one million daily identity verifications, the vast majority of which are completely automated. By consistently setting new records, Jumio has already cleared over 100 million different transactions so far in 2021 alone, with YTD revenue growing more than 118% year-over-year.

Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in the jigsaw to remove the cost and time currently experienced in domestic and cross border payments to and from the region.

Marqeta, the global modern card issuing platform, today announced it is partnering with Swissquote, a leading provider of online financial services, to offer a new app-based card program that gives users control over a range of financial activities, including banking and investing, in a single digital space. 

Often, investors make what I call a geographical fallacy: saying that they invest in a region, when, in reality, they mainly invest in just one or two countries in that region. I’ve certainly been guilty of this, describing Mouro Capital as investing in ‘Europe, North America and Latin America’, despite only investing in companies headquartered in the UK, Germany and Spain in Europe so far, and only Brazil and Mexico in Latin America.