Finance & Economics

PaySpace Magazine 2021: a year in review

Let’s take a quick look back at our popular news stories and articles over the last year.

Top articles in English

Why are some NFTs worth millions?

Due to its quite recent occurrence and even a more recent public acknowledgment, NFTs still remain the dark horses in the crypto industry. Therefore, let’s clarify that notion first.

Top 10 logistics companies worldwide

Quickly and promptly – that should be the motto of any self-respecting logistics company. Indeed, what can be more important than speed or accuracy for a transportation and logistics services provider?

Money Heist in real life: 5 largest cash heists in US history

Given the popularity of the Money Heist series on Netflix, you might be curious how the largest robberies on the American soil were committed in real life

How to apply for a Wells Fargo bank account as a foreigner

Opening a bank account in a foreign country may seem extra complicated. Especially, when we speak of the US, where foreigners have faced difficulties in opening bank accounts or engaging in monetary transactions since the USA Patriot Act of 2001. Nevertheless, nothing is impossible. Although the application process may not be too easy, foreigners, non-residents, expats, or travelers can open a bank account in the US. In fact, the “Big Four” banks offer plenty of banking opportunities for foreign citizens. It’s worth saying that larger banks are generally more open to non-residents than smaller banks.

B2B, B2C, C2C, C2B and other types of business

B2B, C2C, G2G… cunning abbreviations, simple definitions. In the age of e-commerce, we constantly face new crafty words and abbreviations. However, most of them look terrifying at first sight only. In fact, the vast majority of these words are simple and logical.

Top articles in Spanish

Los 5 mejores bancos en Perú

Actualmente el sistema bancario de Perú está formado por un conjunto de diferentes instituciones financieras, integrado por la banca comercial y de ahorros, así como también por el Banco Central de Reserva y el Banco de la Nación.

En esta ocasión, hablaremos de los bancos de Perú más importantes y populares.

Los 5 países de Latinoamérica más baratos para vivir en el 2021

Durante los últimos años Latinoamérica ha experimentado grandes movilizaciones de personas de un país a otro y la llegada de muchos extranjeros que provienen de otros continentes. Las razones pueden ser económicas, sociales, culturales e incluso laborales, por lo que constantemente se está cuestionando cuáles son los países de Latinoamérica más baratos para vivir en el 2021.

Los 5 mejores startups de fintech en Argentina

El ecosistema fintech en Argentina es el tercero más importante de la región latinoamericana y uno de los que mayor crecimiento ha tenido en los últimos años

Cómo averiguar cuál es el banco emisor de una tarjeta de crédito

¿Cómo se puede identificar al banco emisor de una tarjeta de crédito? PaySpace Magazine le ayudará a resolver esta cuestión. Puede usar nuestro Verificador de BIN de inmediato o leer esta explicación sobre cómo funciona.

Los 5 desafíos de hacer negocios en Venezuela

Hoy varios países de Latinoamérica entran en la lista de los peores países para hacer negocios, y Venezuela ocupa uno de los primeros lugares.

Lo que en otros países parece ser un proceso simple y sencillo, para este país resulta toda una aventura, por lo que te invitamos a leer los 5 desafíos de hacer negocios en Venezuela.

Top news stories

January 2021

LGBTQ+ dating app fined $10M over GDPR violations

Grindr has been issued an advanced notice of $10 million in fines or 10% of the company’s turnover, according to

This comes from allegations of non-consensual sharing of sensitive user data with other third parties. The LGBTQ+ dating app fines were issued by the Norwegian Data Protection Authority, Datatilsynet.

February 2021

Google Pay app will soon lose P2P money transfer option: here’s when

Users of the older Google Pay app in the United States will need to move to the new app to be able to make P2P transactions.

March 2021

Bundesbank pilots securities settlement via blockchain

Deutsche Bundesbank, Deutsche Börse, and Germany’s Finance Agency have established a distributed ledger technology (DLT). The 3 parties developed and analyzed the electronic securities settlement interface in collaboration with other market players.

April 2021

South African small businesses can now receive payments via WhatsApp

Nedbank, in collaboration with Mastercard and Ukheshe, has launched a Money Message payment platform. The platform allows small and micro businesses to receive secure in-chat payments from their customers via WhatsApp.

May 2021

Paytm aims to launch India’s biggest IPO: date unveiled

Paytm has received a go-ahead to raise Rs 22,000 crore via an IPO. The digital payments and financial services provider received the IPO approval from the board of directors. The IPO is set for this year’s October-December quarter.

June 2021

Gen Z investors are putting their savings at risk: here’s why

According to Barclays, many Gen-Zers are taking a riskier approach to investing, looking to “get rich quick” by investing for the short-term.

July 2021

Oman to obligate retailers to accept cashless payments

It will be mandatory for all enterprises and merchants to offer cashless payments in Oman.

The move by the Omani Ministry of Commerce, Industry and Investment Promotion is part of the country’s plan to reduce the amount of money in circulation.

August 2021

Majority of European checkouts have 5 or more errors

According to Ecommerce News, 94% of the most popular e-commerce websites in Europe have 5 or more errors on their checkout pages, compared to 58% in 2020. Meanwhile, 21% of European consumers abandon a purchase if the checkout takes longer than one minute.

September 2021

Cardano and Chainlink announced strategic collaboration

InputOutput (IOKH), the technology company building Cardano’s open-source blockchain, announced its collaboration with Chainlink Labs. It aims to integrate Chainlink’s leading decentralized oracle network as Cardano’s preferred oracle solution.

October 2021

Facebook changes its name

Facebook is rebranding, according to the official blog post.

Announced by Mark Zuckerberg, the company will change its name to Meta. The change will also demote the brand’s services to being one of its subsidiaries. This means that WhatsApp and Instagram will be Facebook’s subsidiaries.

November 2021

Omicron token spikes to record highs after new COVID variant unveiled

Omicron, a digital currency that is named like the new coronavirus variant, is surging in the market.

This comes as Ethereum and Bitcoin experience a market crash on Black Friday. Being named after the new COVID-19 variant is the reason why digital currency is gaining attention. The price of the OMIC coin has surged 100%. This is a rare high volume from the time B.1.1.529 became Omicron. The B.1.1.529 mutation, which was initially reported in Africa, is now a variant of concern globally.

December 2021

Amazon’s Alexa told girl to do a potentially lethal challenge

Alexa voice assistant challenged a young girl to touch the exposed prongs of a phone charger that was half-inserted.

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