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Adobe: U.S. Consumers Spent $1.7 Trillion Online During the Pandemic, Rapidly Expanding the Digital Economy
At Adobe Summit, Adobe released new U.S. e-commerce data looking at how two years of COVID-19 reshaped the digital economy and its impact on the future. After two years of the pandemic (March 2020 through February 2022), U.S. consumers spent $1.7 trillion online, $609 billion more than the two preceding years. Demand remained strong in 2021 with $885 billion in online spend, up 8.9% year-over-year (YoY).
Green Dot and Plaid Partner to Give Customers Seamless Access to Their Money Through Secure Open Finance Solutions
Green Dot Corporation announced it is partnering with Plaid, the data network powering the digital financial ecosystem, to bring secure open finance solutions to GO2bank customers. Launched in 2021, GO2bank is Green Dot’s flagship digital bank designed to give all people the power to bank seamlessly, affordably and with confidence.
Phos Partners With AZUL To Introduce SoftPoS In The Dominican Republic
Phos, the fintech behind the leading software-only Point of Sale system (SoftPoS), has partnered with AZUL, to launch ‘Tap’, its SoftPoS enabled mobile app in the Dominican Republic and the insular Caribbean. The partnership with AZUL (the commercial arm of Servicios Digitales Popular part of Grupo Popular, its parent company ) means phos’ innovative SoftPoS technology will be available to merchants in the Dominican Republic for the first time.
NextBank International Expands Worldwide Payments Platform with New Fintech Partnership
NextBank International, the banking unit of NextPlay Technologies’ fintech division, is launching a global cross-border international digital payments platform. This international digital banking service would be offered to millions of account holders, courtesy NextBank International’s fintech partnership with TruCash Group of Companies.
Fasanara Makes Key Hires As It Looks To Expand Across Products And Geographies
Encouraged by the increasing interest in its suite of Fintech Investment Products, Fasanara Capital has made two significant additions to the team to strengthen deal origination and support the launch of its new Fintech-focused Venture Capital Fund.
