Fintech

More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable. Those are some key takeaways from the recent PYMNTS Intelligence report “How People Pay: Cash-Short Consumers Drive BNPL Usage.” It’s based on a survey of […]

Welsh fintech has surged to new heights with a £70million investment boost and dynamic industry growth, according to FinTech Wales’ latest report. It offers an in-depth look at the sector’s expanding influence, from significant job creation to a notable increase in global expansion efforts and innovation. FinTech Wales, the independent membership association that supports the fintech and […]

Supporting the development of the global digital assets ecosystem, crypto firms, Circle Internet Group Inc., and Binance, have joined forces to expand the adoption of USDC. Through the partnership, Binance will make USDC more extensively available across its full suite of products and services. It will ensure that its more than 240 million global users are able to seamlessly […]

Looking to elevate the credit card experience for consumers in Uzbekistan, TBC Bank Uzbekistan (TBC UZ), a digital bank in the country, has launched its first credit card product.  Some of the benefits of the new credit product include a rapid approval process, free issue and delivery, a 55-day interest-free period, as well as competitive APR and […]

Klarna says its pay later options are now available to Apple Pay users in Canada. The Swedish payments company announced the new integration Wednesday (Dec. 11), saying it was available online and in apps for iPhone/iPad users with iOS 18 and iPadOS 18 or later. According to a company news release, Klarna is the first […]

Do you find yourself mostly tapping to pay, whether by card, phone, or watch? This is a far cry from mid-2020, when a friend of mine was thwarted three times in one day from using contactless pay, as she encountered obstacles at one of the largest retailers in the US and at two of the largest grocery […]

Digital payments company Block will use its Afterpay buy now, pay later financing option as a “carrot” to lead customers to sign up for its Cash App debit card, one of the firm’s executives said last week. “The BNPL functionality on the Cash App card aims to attract more users,” Owen Jennings, Block’s business lead, […]

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but a new challenge has emerged in the form of social engineering scams. According to the PYMNTS Intelligence report “The State of Fraud and Financial Crime in the U.S.: What FIs Need to Know,” these scams […]

Three dealers fell victim to the same sophisticated fraud scheme in just one week. The story, spreading through dealership break rooms across the country, is becoming all too familiar.   A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are […]

The Saudi Central Bank (SAMA) has announced the launch of Samsung Pay through the national payment system called mada, as part of its efforts to advance the digital payments ecosystem in Saudi Arabia. This initiative aligns with the Saudi Vision 2030 goal of promoting financial inclusion and expanding fintech solutions across the region. Details about […]