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PayPal’s spending warning casts pall over upbeat forecast
Date: February 10, 2023
xBy Manya Saini and Jaiveer Shekhawat (Reuters) – PayPal Holdings Inc forecast full-year profit above Wall Street estimates on Thursday but warned of pressure on discretionary spending, and said Chief Executive Dan Schulman will retire at the end of 2023. Macroeconomic pressures have begun to hurt American consumers, particularly those in the lower income bracket,...
How embedded finance empowers online banking for the expat community
Date: February 8, 2023
By Philipp Buschmann, CEO and co-founder of AAZZUR As of today, there are 20 million mass affluent expat citizens of the G20 countries, 15 million of whom are EU/UK citizens. On average, they earn 250,000 euros and if they were a country, they would be the 3rd the richest nation in the world and their...
Swiss to vote on preventing cashless society, pressure group says
Date: February 6, 2023
(Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a popular vote on the issue. The FBS (Free Switzerland Movement) says cash is playing a shrinking role in many economies, as electronic payments become the...
How real-time payments are shaping the future of the payments industry
Date: February 1, 2023
By Lissele Pratt, Co-Founder at Capitalixe Real-time payments are revolutionising the way we think about money and its movement. They are no longer a futuristic concept but a reality shaping the future of the payments industry as we know it. The ability to transfer funds and make payments instantly, with near real-time confirmation, has the...
The rise of ‘Super apps’ in FinTech
Date: February 1, 2023
By Jason Fuentes, VP of Business Development, Wildfire Systems “Super apps” aren’t just your run-of-the-mill mobile application. They satisfy a wide range of services for users and have gained significant attention in the fintech and banking industries in recent years. These apps usually include an array of financial services, communication tools, and many other common...
UK retailers and fintechs lock horns with US card giants over rising payment fees
Date: January 27, 2023
By Luke Kosky, Fintech Policy Lead at the Coalition for a Digital Economy The UK Government is facing growing pressure from disaffected British businesses and fintech providers to take action on rising fees charged by Visa and Mastercard on card transactions. Cards are the dominant payment technology in the UK. According to the latest data from...