Digital Domestic Money Transfers to Surpass 300 Billion Globally by 2026
A new study revealed that the volume of digital domestic money transfer transactions will exceed 300 billion globally in 2026
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Shoppers Increasingly Choose Store Brands over Big Food Companies
Affordable store brands have seen the sales growth recently by offering greater discounts than big food brands, as consumer budgets are tightening
Barclays to Buy Stake in a Crypto Company
Barclays is reportedly buying a share in the crypto company Copper
Rich Americans Keep Borrowing Despite Rising Rates
Bank of America and Morgan Stanley registered significant growth in loans to wealth-management customers in the first half of the year
BNP Paribas partners with fintechs to develop a digital asset custody service
BNP Paribas Securities Services partnered with Fireblocks and Metaco to develop its new digital asset custody offering
Visa Approves the first SDK from phos
Fintech phos had its proprietary Software Development Kit (SDK) officially approved by Visa
UK to regulate stablecoins
UK government will regulate stablecoins according to the recently published Financial Services and Markets Bill
Former Coinbase employee charged in crypto insider trading scheme
An ex-Coinbase product manager and his two accomplices are charged in the first-ever alleged cryptocurrency insider trading scheme
ECB lifts rates to tame inflation
The European Central Bank (ECB) raised interest rates by 50 basis points trying to control inflation in the eurozone
Tesla discarded 75% of its BTC holdings
The leading EV manufacturer got rid of bitcoin amidst a crypto winter
Visa changes first-party fraud policies
As card-not-present transactions rise, Visa is changing how it deals with first-party misuse
UK fintech investment continues to increase despite the global decline
While global fintech capital investment showed no growth in the first half of the year, the UK saw a 24% year-on-year increase
Asian banks to create a common contactless QR payments zone
Central banks of five Asian countries aim to develop an interoperable cross-border system for QR code-based payments
US payment card issuers sue Apple over NFC chip access and service fees
Legal action against Apple accuses the tech giant of intentionally monopolizing the billion-dollar mobile wallet market on iOS platforms
Crypto miners moved over $300 million of bitcoin in a single-day exodus
14,000 bitcoin worth over $300 million at its current price, was transferred out of miners’ wallets in a single day
Instagram Shopping Becomes Easier with Pay in Chat Function
Instagram users can now buy products from eligible small businesses, paying right within the app’s chat
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