Economy

Paysend Waives Fees for U.S. Money Transfers to 70 Countries Through October

Global payments provider waives transaction fees as the COVID-19 pandemic continues, helping global citizens send money cross-borders to loved ones America’s 9 million expatriates, 47 million immigrants and 1 million…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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

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…

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

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…

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