Fintech

Dubai-based payments firm MoneyHash launched a partnership with Visa. The collaboration is designed to offer secure digital payments for MoneyHash’s clientele in the Middle East/North Africa (MENA) region, who rely on the company’s payments orchestration and revenue operations platform, according to a Wednesday (May 8) press release. “Working with Visa enables MoneyHash to gain unparalleled […]

There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the integration of local payment solutions. “You need to embrace local payment methods and prioritize them unless you want to have a lot of cart abandonment,” Deutsche […]

Consumer credit card spending came to a halt in March, surprising experts who had expected a steady increase. The total outstanding revolving credit rose by a mere 0.1%, a stark contrast to the consistent 5% monthly rises observed since the pandemic began. The Federal Reserve reported that revolving credit rose by $152 million in March, marking […]

Revolut, the London-based fintech, has introduced a cryptocurrency exchange tailored for professional traders, dubbed Revolut X. In addition to giving customers the ability to buy and sell more than 100 different tokens directly from the platform, Revolut X distinguishes itself with low transaction fees. Makers incur zero charges, while takers only face a nominal fee […]

Google’s flagship artificial intelligence product, Gemini, holds powerful applications, as evidenced by Gemini’s pivotal role in the newly announced Google Threat Intelligence cybersecurity platform. The platform is designed to give users a more comprehensive understanding of the threat landscape and more intelligent insights into attacks. It leverages the extensive knowledge base of Mandiant, the cybersecurity company Google […]

Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into […]

When Visa and Mastercard settled with retailers for $30 billion, it was touted as a win for the underdogs. Merchants, who have struggled for decades with the high fees imposed by credit card companies, were said to have secured a significant victory over the big banks. But how big of a win was it? In […]

Under pressure from the U.S. Securities and Exchange Commission, Robinhood has taken steps to ensure its crypto division isn’t violating securities law. The trading platform recently delisted several tokens, including Polygon, Cardano, and Solana, in response to the government agency’s litigation against other crypto exchanges. However, these actions weren’t enough to assuage the SEC. Despite […]

Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into […]

The US Federal Reserve Board is seeking feedback on a proposal to start operating its two large payments services seven days a week. Currently, both the Fedwire Funds Service and the National Settlement Service (NSS) operate Monday through Friday, excluding holidays. Under the proposal, both services would operate every day of the year. The operating […]