The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time — where stretching out transactions over weeks or months helps improve […]
China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday. The Ministry of Finance announced adjustments to various import tariff categories, effective Jan. 1, aimed at increasing imports of high-quality products, expanding domestic demand and promoting high-level opening-up, it said in a […]
India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart (WMT.N), opens new tab-backed PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30% share […]
Garanti BBVA has added a new innovative solution to its range of digital banking products by launching a used vehicle digital loan available via mobile banking, making it the first of its kind in Türkiye. With this online loan, customers need only enter the required information, without the hassle of having to sign a loan […]
US markets wrapped up a blockbuster 2024 by marking an achievement so rare that it’s only ever happened a handful of times. Despite US stocks closing lower Tuesday in a disappointing December that saw the Dow drop over 2,000 points, or about 5%, and the S&P 500 slide 2.5%, this was a stellar year for […]
Although many stores are closed on the federal holiday of New Year’s Day, the same isn’t the case for New Year’s Eve, which for 2024 falls on Tuesday, Dec. 31. And while most retailers are open on New Year’s Eve, many have shortened hours or close early. Here’s what’s open and closed on New Year’s […]
The U.S. Justice Department filed a complaint and announced a civil enforcement action on Monday against financial technology company Dave Inc and its CEO Jason Wilk for alleged violations of federal law. The Justice Department and the Federal Trade Commission alleged the company lured users to its personal finance app by advertising cash advances of […]
Hermès iconic Birkin bag is no stranger to being duped − but one particular knock-off, available on Walmart, has become so viral that it has sold out. The KAMUGO Genuine Leather Handbag for Women, available on Walmart’s website, is gaining attention on social media for its striking resemblance to Hermès coveted Birkin bags, which come […]
The Bangko Sentral ng Pilipinas (BSP) is giving the local payments industry more time to put up their respective systems that would quickly and appropriately resolve complaints from consumers who encounter problems with their electronic fund transfers. In a memorandum signed by Governor Eli Remolona Jr. on Dec. 27, the BSP approved the extension of […]
US stocks dropped Monday, with the Dow falling by 418 points, or just under 1%, as markets close out a record year. The S&P 500 ended the day down by just over 1%, while the tech-heavy Nasdaq saw the biggest slide, down 1.19%, as traders sold off Big Tech investments such as Amazon (AMZN), Alphabet […]
The success of spot price Bitcoin exchange-traded funds in 2024 has helped spawn some new creative spinoffs. These proposed hybrid ETFs aim to further integrate Bitcoin into traditional finance to the next level by combining it with established assets like Nasdaq stocks, gold, and corporate bonds tied to Bitcoin-focused companies like MicroStrategy. ProShares proposed three […]
As the FinTech industry marches into 2025, its trajectory is shaped by a convergence of innovation, consumer expectations, and regulatory frameworks. Insights from key voices at payabl., along with global trends, paint a dynamic picture of the year ahead. From embedded finance to artificial intelligence (AI), these forces are set to redefine the way businesses and […]
