Venmo Introduces Teen Accounts
Parents and legal guardians can now open a Venmo account for their teenage children that also comes with a debit card
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Meta Hit With Landmark $1.3 Billion EU Privacy Fine
The Meta Platforms company in Europe was fined a record amount of $1.3 billion.
Google Challenger Neeva Focuses on AI
Neeva announced the termination of the functioning of its consumer search engine and announced its intention to focus the available forces and resources on artificial intelligence.
Wema SME Business School Launches in Nigeria
Wema Bank Business School 5.0. for small and medium-sized enterprises (SMEs) in Nigeria will hold in Benin City, Edo State, from May 22 to 26, 2023
Huobi Ordered to Close Operations in Malaysia
Securities Commission Malaysia (SCM) ordered the crypto exchange Huobi Global to stop operations in the country, stating the firm failed to register its business properly
PhonePe Expands New Funding to $850 Million
General Atlantic has directed an additional investment of $100 million for the development of PhonePe.
Meta Looks to Launch AR Partnership With Magic Leap
The media reports that Meta is seeking to establish a partnership with Magic Leap, which specializes in developments related to augmented reality (AR).
G7 Countries Seek Common Vision for AI
The leaders of the G7 countries intend to hold a negotiation process, following which a common vision of artificial intelligence will be formed and the goals of its development will be outlined.
Top Digital Payment Services Preferred by Students
Digital payment services have transformed the way we handle financial deals. As a result, they have become an essential aspect of everyday life. In the era of rapid technological advancements, these methods are crucial. Services provide usability, security, and accessibility. In fact, recent research shows that digital payments will go over $14 trillion by 2027.
Lululemon Adds Textile Recycling to Its Circularity Initiatives
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
Expensify Adds Chat Feature for Accountants
Expensify payments super app now has a chat feature for accountants to better collaborate with clients, gather information and complete tasks related to financial reporting and tax filing
Nigerian B2B E-Commerce Startup Sabi Raises $38 Million to Serve African Retailers
Sabi’s Series B funding round values the company at $300 million and powers the startup’s goal to serve the 50 million small- to medium-sized businesses (SMBs) in Africa
NY Fed Partners With Singapore on Multicurrency Cross-Border CBDC
Project Cedar is a joint initiative between the New York Federal Reserve and MAS exploring the technical viability of multilateral CBDC blockchain platforms to improve cross-border payments
Ripple Rolls Out CBDC Platform
Ripple has announced the introduction of a comprehensive CBDC platform.
Disney Scraps $867 Million Florida Plan
The Walt Disney Company has abandoned its intention to invest $867 million in the construction of a new corporate campus in the state of Florida.
TikTok Creators Sue Montana Over App Ban
A group of TikTok users filed a lawsuit to get the Montana state administration to cancel the blocking of this digital platform.
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