The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst
Mastercard partnered with mobile money platform Obopay to launch a financial inclusion prepaid card for smallholder farmers and rural communities in India
In January 2023, more than 1 million residents in the UK used open banking services for the first time in their financial management practice.
A consultative meeting will be held in Ethiopia by the end of February, during which the prospects of the mobile money market in this country will be discussed.
New data from Barclays, which enables nearly half of the UK’s debit and credit card transactions, reveals that a record 91.2% of all eligible card transactions were contactless in 2022
The Payoneer company, which specializes in providing financial services for cross-border transactions, got the license for electronic money (EMI) with the approval of the Financial Supervision Authority (FCA) in Great Britain.
Google and Amazon have received permission to expand the scope of their online payment systems in India.
UK-based fintech PPRO has extended its payment infrastructure to the South Korean market through integrating with Toss Pay, one of the most popular e-wallets in the country
Central bank institutions of Singapore and India will link their real-time payment systems next week to enhance cross-border payment connectivity
Shift, a provider of credit and payment platforms for Australian businesses, has attracted investments in the amount of AUD$27 million following the results of the Series C financing round.
APEXX Global, a platform for organizing payments, announced the beginning of cooperation with Trustly, a global payment platform for digital transactions between accounts (A2A).
UK, which had managed to maintain robust levels of fintech investments longer than its European counterparts, saw investment numbers sharply fall last year
The Indian digital payments platform PhonePe attracted investments for $100 million.
Visa partnered with local agri-fintech Tingo Mobile to improve access to digital payments and financial services and drive financial inclusion across Africa
Westpac is giving credit card owners the opportunity to pay off their bills in four monthly BNPL instalments
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