Cash Out, Phones In: Mobile Payments Dominate in Australia
Mobile wallet usage in Australia has surpassed ATM withdrawals in both volume and value as local consumers increasingly turn to digital payments and digital banking methods.
Report
Adyen Research Reveals Transformative Power of AI on Travel-Linked Purchases
It appears that one-third of travellers today use AI to book their vacations and make related purchases: these and more insights are revealed by the latest Adyen research on hospitality and travel sectors.
Mobile Money Accounts Surpass Traditional Bank Use in Low Income Countries
Mobile money is one of the main drivers of financial inclusion in low-income economies where such financial accounts surpass traditional bank ones.
EMEA Banks Ready to Spend Millions to Modernize Payments
The EMEA banking sector displays a near-unanimous urge to change existing payments systems and solutions, setting aside $1,5 million average budgets for infrastructure modernisation.
Databricks Acquires Startup Neon
Data and artificial intelligence company Databricks acquires Neon, which is a database startup.
Robinhood to Buy WonderFi
United States-based financial company Robinhood is buying WonderFi, the Canadian crypto operator of Bitbuy and Coinsquare.
Stash to Add AI to Financial Guidance Platform
Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence for the company’s financial guidance platform.
Google Says Gemma AI Model Surpasses 150 Million Downloads
Google reported that its Gemma open-source artificial intelligence model has been downloaded by users more than 150 million times.
Perplexity AI Reportedly Plans to Launch Browser
The media published information according to which Perplexity AI, which is gradually becoming an increasingly powerful player in the global artificial intelligence industry, is currently in preliminary negotiations on raising investments worth $500 million at a valuation of $14 billion.
Virtual Card Payments Go Mainstream in U.S.
Not only do Gen Z and millennials in the U.S. embrace virtual cards, but also older age cohorts resort to this innovative payment method if providers manage to raise proper awareness.
Byline Bank Expands Payments and Fintech Banking Group
Byline Bank on Monday, May 12, announced the expansion of the Payments and Fintech Banking division.
Saudi Arabia Launches New AI Company
Saudi Arabia has launched a company to invest across the artificial intelligence value chain.
NymCard Launches Open Finance Services
NymCard, the leading embedded finance platform in the MENA region (Middle East and North Africa), has announced that it has been officially licensed to provide Open Finance services to consumers.
DeFi Technologies Receives Approval to List on Nasdaq
DeFi Technologies, which operates in the fintech industry and is a pioneer in the area of convergence of traditional capital markets with the decentralized finance sector, announced that it has received approval to list its common shares on the Nasdaq Capital Market.
Ant International Partners With Barclays
Ant International is launching a partnership with Barclays, a leading financial institution in the banking sector of the United Kingdom.
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