Credit Demand Grows Alongside Booming Buy Now, Pay Later Market
- 3 years 1 month ago
- Payments
Consumer demand for credit products has grown since the onset of the pandemic, according to TransUnion’s Consumer Credit 2022 white paper, which reveals changing consumer preferences and affirms the growing demand for buy now, pay later (BNPL) finance. The research reveals significant growth in the credit market when compared with pre-pandemic figuresi with more consumers now intending to take out mortgages (26% versus 22%), credit cards (22%... more
Klarna Enables UK Gambling Block for Direct-to-bank Payments
- 3 years 1 month ago
- Payments
Klarna, a leading global retail bank, payments and shopping service that helps consumers save time and money, be informed and in control of their finances, today announced it is enabling banks to extend voluntary gambling blocks to open banking-driven payments powered by its subsidiary, SOFORT, helping protect hundreds of thousands of UK consumers.
Reactive Markets Adds 15 FX Liquidity Providers to Switchboard
- 3 years 1 month ago
- Cryptocurrencies
Reactive Markets, provider of Switchboard, the cutting-edge cross-asset trading and price streaming network, today announced that clients can now access 15 top tier FX Liquidity Providers (LPs), which include 8 of the top 10 Euromoney FX LPs.
Global Trends and Opportunities in B2B Payments
- 3 years 1 month ago
- Payments
Digital payments have helped businesses get paid safely and efficiently through the COVID-19 lockdowns and associated restrictions, but new challenges are arising as economies reopen. With supply chain disruptions, the ‘great resignation’, rising inputs such as fuel, and the expense of reopening top of mind for businesses, now is an opportune time to build on the processes optimised throughout the pandemic, especially across B2B trade.
Cryptocurrency Exchange BingX Optimises Trader Experience with Version 3.0
- 3 years 1 month ago
- Cryptocurrencies
BingX has upgraded its platform to Version 3.0, which aims to improve its competitiveness and ease of use for traders. Among the new features, an integration of spot and contract markets allows users to easily view their favourite spot and contract markets simultaneously. This current market conditions at any instant is especially useful to professional traders. As the world's leading social trading platform, BingX is committed to a user-centric... more
UK Firms Could Save £1.3bn Using Real-time Payments, New Report Reveals
- 3 years 1 month ago
- Payments
The Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3bn could be made in cost savings for British businesses and consumers through real-time payments – helping to generate an additional add £2.6bn economic output, equivalent to 0.11% of formal GDP, as part of a new report, Prime Time for Real Time, published by ACI Worldwide.
PayPal to Shut Down San Francisco Office
- 3 years 1 month ago
- Payments
PayPal is closing its San Francisco headquarters to assess its global footprint. Multiple sources suggest the payments giant is closing its Xoom facility on 425 Market St. in San Francisco. In 2015, PayPal bought online money transfer company Xoom. According to a corporate insider, personnel from that office will work remotely from the San Jose headquarters. The decision affects an unknown number of employees.
Panoply Partners with Square
SQream announced today that Panoply, their no-code cloud data platform that makes it easy to sync, store, and access business data, has partnered with globally trusted commerce solutions company Square to deliver deeper analytics insights to Square sellers. Panoply’s new pre-built dashboards feature uses data recipes to provide Square sellers with robust reporting and analytics, in just a few clicks.
Bitget Introduces 15% Trading Fee Discount for Japanese Market
- 3 years 1 month ago
- Cryptocurrencies
Leading global derivatives exchange - Bitget, today announced the launch of its new trading fee discount policy for users exclusively in Japan.
Paya to Announce First Quarter 2022 Financial Results on May 10, 2022
- 3 years 1 month ago
- Payments
Paya Holdings Inc. , a leading integrated payments and commerce solution provider, today announced that the Company will release its first quarter 2022 financial results on Tuesday, May 10, 2022 after market close. On Wednesday, May 11, 2022, at 8:00am ET, Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss these results.
E-Wallet Domination: Over 4.4 Billion Users Predicted by 2025
- 3 years 1 month ago
- E-Wallets
Mobile wallets expected to generate over 1639.5 trillion in revenue this year The mobile wallet market has been steadily growing until 2019 when the coronavirus pandemic has begun. As Merchant Machine reports, between 2019 and 2020 the number of users has nearly doubled.
Payhawk Collaborates With Cafico International to Launch ‘scaling Up’: a Guide to Launching an Entity in Ireland
- 3 years 1 month ago
- Payments
Today Payhawk, the growing platform that combines expense, payment and invoice management in one solution, and Cafico International, an experienced, independent Trust and Corporate Services Provider for those seeking to do business in Dublin, London or Luxembourg, announced the launch of Scaling Up, a guide to opening an entity in Irela
Hi Secures a Spot in Mastercard Start Path Programme
- 3 years 1 month ago
- Payments
Hi, the fintech which helps companies unlock fast, affordable working capital and pay employees more flexibly, today announced it has been selected to join Start Path, Mastercard’s global startup engagement programme which helps innovative later-stage startups scale.
In Times of Inflation Vinter and ByteTree Makes a BOLD Bet on Bitcoin and Gold
- 3 years 1 month ago
- Bitcoins
Vinter, the leading crypto index provider, announces the launch of the BOLD1 index - providing investors with exposure to bitcoin and gold. The index will be underlying financial products as of today. Inflation in Europe is at its highest level since the euro was introduced. Eurostat has estimated the year-on-year inflation rate for consumer prices in March to be 7.4%, far above the 2% target set by the European Central Bank. As a result,... more
Digital Acceleration Could Add 4 Percent to Retail’s Growth Rate
- 3 years 1 month ago
- Payments
Cebr finds that if retailers achieve growth ambitions then they would add £269 billion to retail turnover Research released today by Adyen (ADYEN:AMS), the global payments platform of choice for many of the world’s leading companies, reveals British retailers hold out optimism for growth in 2022, potentially contributing £269 billion to retail turnover.
