Wyre Introduces Withdrawal Limits
San Francisco-based crypto payments firm Wyre is implementing 90% withdrawal limits for user accounts, “acting in the best interest of our community”
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FlexxPay Partners ADCB to Offer Payroll Services in UAE
This new alliance gives UAE companies an opportunity to provide their unbanked employees with complete digital bank accounts using the FlexxPay app with access to ADCB payroll services
China Lifts Zero-COVID Policy: Disastrous for World Economy?
Chinese citizens and businesses emerge from a three-year isolation as China lifts zero-COVID policies imposed back in 2019. Experts across multiple industries are concerned about the impending impact this will have on global health and economy. Cut off from the rest of the world since the start of the COVID-19 pandemic, mainland China finally opens […]
US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
Nuvei to Buy Paya
The Canadian payment company Nuvei signed a deal to purchase the American division of Paya.
Swiss National Bank Post $143 Billion Loss in 2022
In 2022, the Swiss National Bank recorded losses of $ 143 billion.
Santander Partners Allianz Trade & Two for B2B BNPL Solution
The partnership combines Allianz Trade’s global corporate database with Two’s B2B BNPL technology, while Santander provides expertise in Working Capital Solutions
Who Is and Isn’t Feeling the Unofficial Recession?
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
MACH Alliance Announce New Member Adyen
The MACH Alliance group of independent technology companies announced on January 6 that its structure will include Adyen (AMS: ADYEN), a global financial technology platform.
Demographics Determine Payment Preferences
The European Central Bank found out that the demographic factor determines consumers’ payment preferences.
Twenty7tec to Buy Meet Parker
British mortgage technology firm Twenty7Tec acquired a specialist in digital interaction based on artificial intelligence, Meet Parker.
Tanzanian Fintech Company Nala Launches Business in EU
The Tanzanian fintech company Nala announced the start of work in 19 countries of the Eurozone.
Mastercard Launches Web3-Focused Incubator
Mastercard launches an incubator focused on web3.
Abu Dhabi Islamic Bank Release Contactless Payment Devices
The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.
Inflation in Eurozone Fall to 9.5%
For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]
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