UK Regulator Proposes Cap on Mastercard, Visa Interchange Fees
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
Fintech & Ecommerce - page 36
What European Sustainability Reporting Standards (ESRS) Mean for Fintech
The adoption of the first set of European Sustainability Reporting Standards (ESRS) became official in the European Union on October 21, 2023. What changes do the new standards bring for businesses, particularly those operating in the fintech industry?
Citi Invests in Colombian FinTech Supra
Citi has led a round of strategic investments in Supra, a fintech company based in Colombia.
E-Commerce Customer Best Practices
E-commerce is booming. In the United States, there were 263 million online shoppers in 2019, which is expected to go up to 282.7 million by 2024. Globally, it is 2.64 billion in 2023.
TikTok Invests $1.5 Billion to Get Back Into Online Shopping in Indonesia
TikTok, which is part of the ByteDance ownership structure, is investing $1.5 billion to become the controlling shareholder of the e-commerce unit of Indonesia’s GoTo Gojek Tokopedia.
Fintech Funding Accelerates in Jordan
Fintech funding in Jordan attracted US$26 million between 2018 and 2022, becoming one of the top investment targets.
SumUp Raises $300M in Growth Funding
British fintech startup SumUp has raised a fresh funding round that brings the company valuation close to $8.6 billion.
Livestreaming E-Commerce Surges in China, Boosted by AI
This year’s Singles Day highlighted the growth of livestreaming e-commerce sales, fueled by virtual avatar hosts and AI chatbot use.
JPMorgan Payments Processes Record Number of Operations in Europe
JPMorgan Payments processed a record number of financial card transactions in Europe last Black Friday and Cyber Monday.
Amazon Tests New Grocery Subscription
Amazon is currently testing a new grocery subscription for members of its Prime program.
Bank of England Says About AI Risks to Finances
The Bank of England has stated the risk that the wider spread of artificial intelligence could provoke a threat to the financial system.
How to send money through Xoom using PayPal
Xoom by PayPal is one of the most popular money transfer apps, with thousands of money pickup locations and bank partners worldwide. This quick guide will help you navigate through the app in case you are not familiar with its mechanics.
Do You Need a Registered Agent for Your Fintech Startup?
The fintech industry has experienced unprecedented growth in recent years, becoming a powerhouse in the global economy. As of July 2023, publicly traded fintechs boasted a staggering market capitalization of $550 billion, reflecting a twofold increase from 2019.
Škoda Launches Pay to Fuel Service
Drivers of Škoda ICE vehicles in select European countries are now able to pay for fuel via their in-car dashboard touchscreen using the Pay to Fuel service.
Payment Ring Users Won’t Replace It With Another Payment Method
Nine in ten European payment ring users prefer this payment method to all others, according to a recent survey.
How Deepfake Scams Affect the Payment Industry and What Can Be Done
Deepfake imposters are increasingly targeting unsuspecting victims, raising alarm among all payment industry players. How do you protect your organisation and clients from highly realistic online masks and voices generated by computer technology?
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