A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an alternative to Visa and Mastercard cards, according to […]
China’s factory activity contracted for a fifth consecutive month in September as the world’s second-largest economy struggles to revive its growth momentum. The official manufacturing purchasing managers’ index came in at 49.8 in September, compared with 49.1 in August, 49.4 in July and 49.5 in June, according to data from the National Bureau of Statistics […]
Swedish fintech giant to launch buy now, pay later services on Adyen’s payment terminals across Europe, North America and Australia Klarna, the Swedish financial technology company specialising in buy now, pay later (BNPL) services, has announced an expanded partnership with Adyen, the Dutch payment processing platform, to extend its offerings to physical retail locations. The collaboration will see Klarna’s BNPL […]
Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes — will create more factory jobs, shrink the federal deficit, lower food prices and allow […]
BlackRock’s recent endorsement of Bitcoin highlights the cryptocurrency’s potential to grow for years to come. Bitcoin‘s (BTC -0.35%) evolution over the past 15 years has been nothing short of extraordinary. If you had told someone when Bitcoin first launched in 2009 that the world’s largest asset manager would one day declare Bitcoin a portfolio necessity, they likely wouldn’t […]
KaiOS, the operating system that brings the best of the internet to affordable devices, announced a partnership with Mastercard (NYSE: MA) to integrate a range of digital payments solutions. Mastercard and KaiOS explained in a blog post that they will aim to deliver affordable payment acceptance devices and “stimulate the growth of a more inclusive, connected […]
As the International Longshoremen’s Association port workers move closer to a strike at East Coast and Gulf Coast ports, the union is warning that major importers such as LG Electronics, Walmart, Ikea, Samsung, and Home Depot will find no options to divert trade to Canada or the West Coast as other unions close ranks in support […]
For more than 50 years, open seating has been almost synonymous with Southwest Airlines, but that’s all set to change in the coming years. Over the course of several hours Thursday, executives at the Dallas-based carrier walked investors through the finer details of top-to-bottom changes aimed at boosting the company’s financial performance. For customers, those […]
Ericsson and INFORM integrate AML and fraud management solutions into Ericsson’s Wallet Platform, bolstering security for banks and telecoms Ericsson, the Swedish telecommunications firm, and INFORM, a German provider of anti-money laundering (AML) and fraud management solutions (FMS), have announced a partnership to enhance financial services security. The collaboration aims to integrate INFORM’s RiskShield, an […]
Australian debt collection fintech valued at £350m (US$467m) as it eyes global expansion and potential acquisitions in the Middle East and South America InDebted, a fintech company specialising in digital debt collection, has raised £50m (US$66m) in a Series C funding round. The Sydney-based firm, which uses artificial intelligence and machine learning to personalise debt […]
DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, which has called for leadership changes. Southwest said its three-year plan will add $4 […]
Recent data from BofA shows that only 47% of college students feel financially prepared for the “real world”. And while 90% of parents believe they bear responsibility in teaching their child financial literacy skills, finding the right tools can be challenging. The SafeBalance Banking for Family Banking account is designed to address this, helping children […]
