Category : Economy

Business Economy Fintech News

Mastercard Pledges $500 million to Help Close Racial Wealth and Opportunity Gap for Black Communities Across America

Fintech News Desk
by Fintech News Desk0
In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. This commitment includes products, services, technology and financial support, as well as concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial......
Economy Fintech News

DeFi Debit Card Firm Monolith Announces the Ability to Buy Crypto in App

Fintech News Desk
by Fintech News Desk0
London-based financial technology company and debit card firm closes the loop on Decentralised Finance by adding ability to buy crypto. Now gives users the ability to buy DAI, earn interest on tokens, and spend their holdings anywhere. London-based Monolith, a decentralised finance company which allows users to spend their Ethereum-based......
Economy Fintech News

Square Report Reveals How Much the Pandemic Has Accelerated the Digital Economy

Fintech News Desk
by Fintech News Desk0
Square Data Estimates Decline in U.S. Cash Usage This Year Alone Would Have Taken Three Years Without the Pandemic Square, Inc. (SQ) released a new report that highlights how the onset of COVID-19 has affected global commerce and payments behavior. This is the third installment of Square’s Making Change series, which examines whether or......
Business Economy Fintech News

Xero’s COVID-19 Reports Provide Unique Insights About Impact to Global Small Business

Fintech News Desk
by Fintech News Desk0
At peak impact,global small business revenues fell by 10 – 40% 43% of small business owners worried about their mental health Small businesses remain resilient despite impact Xero, the global small business platform, released two new reports highlighting the economic and emotional impact of the pandemic on small businesses across......
Business Economy Fintech Fintech Funding News

Low-Cost Funding for Shams’ Members Through Partnership With Beehive

Fintech News Desk
by Fintech News Desk0
Sharjah Media City (Shams), the UAE’s fastest growing media free zone, and Beehive, the UAE’s first regulated peer to peer lending platform, have partnered to provide cheaper funding for small and medium sized enterprises (SMEs) in Shams. Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize Shams......
Banking Economy Fintech Fintech Startups News

Oyster Financial Raises $14 Million in Seed Funding Led by Monashees and SV Latam Capital to Expand Fast in Mexico

Fintech News Desk
by Fintech News Desk0
The fintech aims to pave the way to a bright future for sole proprietors and SMBs in Latin America by solving key pain points as a financial hub to more effectively run their businesses Despite Mexico being the world’s 11th largest economy and its 15th largest exporter, a vast majority......
Business Economy Fintech News

Veem Survey Finds 53% of US Small Businesses Are Hopeful About 2021, Expecting Increased Economic Activity

Fintech News Desk
by Fintech News Desk0
Veem’s latest State of Small Business report captures snapshot of small business sentiment ahead of holiday season Veem, the global payment network for small-to-midsize businesses, today announced the release of its quarterly report, “State of Small Business: Q3 Edition: Pre-Holiday Snapshot.” The report, which surveyed over 900 small business owners, focused on......
Banking Blockchain Cryptocurrency Economy Fintech Fintech Funding News

Mastercard Launches Central Bank Digital Currencies (CBDCs) Testing Platform, Enabling Central Banks to Assess and Explore National Digital Currencies

Fintech News Desk
by Fintech News Desk0
With the global economy racing to embrace digital payments, central banks also are looking to the future and investigating how to support innovation while maintaining monetary policy and financial stability as they issue and distribute currency. In fact, 80 percent of central banks surveyed are engaging in some form of......
Economy Fintech Guest Posts

How Should Fintechs Choose Partner Strategies To Scale Their Business Amidst This Uncertain COVID-19 Environment?

Naina Sethi
by Naina Sethi0
The emergence of FinTech has altered the financial landscape across the world – there has been a massive transition from physical infrastructure to digital platforms. The initial growth phase saw many Financial Institutions (FIs) like Banks, Insurance, and Asset Management Companies vying to acquire or partner with the FinTechs primarily......
Economy Fintech News

Experian Enhances Its Economic Response and Recovery Suite to Help Lenders Navigate Market Volatility Due to COVID-19

Fintech News Desk
by Fintech News Desk0
The comprehensive suite enables lenders to assist consumers and small businesses As the financial services industry navigates the market volatility surrounding COVID-19, Experian has enhanced its offerings within its Economic Response and Recovery Suite to help lenders assess and swiftly respond to changing behaviors so they can support consumers and businesses.......
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