SoftBank Sues IRL
Japanese SoftBank Corporation sues social app IRL, for the development of which it has allocated investment funds in the amount of $1.1 billion.
News - page 278
Bank of America Says About Importance of Transcontinental Transparency for Cross-Border Payments
Isabel Baransky, director of Global transactional services at Bank of America and head of automatic conversion products in transactional currency payments, said that the lack of transparency is the most characteristic feature of the current state of cross-border payments.
Rajmargyatra App Enables Toll Payments for Indian Highway Users
The National Highways Authority of India (NHAI) has introduced a new app to improve the highway user experience and facilitate FASTag toll payments and related services
CoinGecko Launches Crypto Index of Alleged Securities
The market cap of cryptocurrencies considered securities by the SEC has reached over $91.3 billion, according to CoinGecko
TikTok Reportedly Plans to Get Indonesian Payments License
The media reports that TikTok is currently negotiating with regulators in Indonesia in order to obtain a payment license in this country.
Amazon Reports Increase in Online Sales in Second Quarter of 2023
Amazon’s results for the second quarter of this year testified that the company’s desire to become a large-scale commercial ecosystem, the concept of which provides for going beyond the format of sales reporting on its platform, is being implemented and has a certain level of efficiency.
Revolut Partners With Game4Ukraine to Fund School Reconstruction
In honour of the partnership with Game4Ukraine, Revolut will also donate £20 to UNITED24 (a charity initiative of the President of Ukraine) for every customer who signs up to Revolut through the link in @revolutapp’s stories or donation landing page and spends with their card
Deposits Reportedly Disappear From Wells Fargo Bank Accounts
Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.
India Postpones Laptop Import Restrictions
India has postponed the start date of restrictive measures against the import of laptops, tablets, and servers to this country.
DoorDash and Uber Compete to Increased Delivery Subscription Usage
DoorDash and Uber are actively competing with each other as part of efforts to increase the number of their user bases.
Petal to Expand Credit Card Program
Petal announced intention to expand its credit card program.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Bank of England Raises Interest Rates
The Bank of England on Thursday, August 3, announced an increase in interest rates.
Robinhood Reports First-Ever Profit
The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.
NCR President Says Banks Must Use AI to Stay Relevant to Customers
Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.
DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.
