Tag: Retail

April 5, 2023

Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins for $150 million on March 27. On April 5, the firm’s CEO announced that it had acquired an additional 1,045 bitcoins, bringing the company’s total holdings to 140,000 BTC. […]

April 3, 2023

Finovate (the sister brand of Omdia) recently hosted its first major event of the year, FinovateEurope, which was held at the O2 Intercontinental Hotel in London over 14-15 March 2023. The event took place just days after the dramatic demise […]

March 22, 2023

The U.S. central bank is preparing to launch the Fednow payment service, and the Fed explains in a recently published blog post that there have been many interested candidates that want to utilize the service. The Fed details that entities […]

March 20, 2023

The legal teams representing Alameda Research, FTX US and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm’s […]

March 16, 2023

Bitcoin (BTC) rose back above the $25,000 level in today’s session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse. Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday […]

March 15, 2023

Annual tax-free pension allowances raised, tax cuts on draught pints, frozen fuel duty, utilising ‘environmentally sustainable’ nuclear power to reduce energy costs and avoiding a 2023 recession all featured in the Chancellor of the Exchequer’s budget. While much of the […]

March 14, 2023

In February, inflation was consistent with expectations, with the consumer price index (CPI) increasing by 0.4% last month, equating to a 6% annual pace, according to the latest report from the U.S. Bureau of Labor Statistics. “Over the last 12 […]

March 14, 2023

Bahrain-based fintech Infinios has teamed with Mastercard to expedite the digitisation of B2B travel payments between buyers and suppliers with the launch of a wholesale programme. Following this collaboration, the introduction of the Mastercard Wholesale Program within the region is […]

March 13, 2023

Bitcoin (BTC) rose back above $22,000 on Monday, as the U.S. Treasury confirmed it will backstop depositors’ funds. This will be for both Silicon Valley Bank and Signature Bank, which become the second and third biggest banking failures in U.S. […]

March 8, 2023

Lenvi is a new consumer and commercial lending platform, supporting loan and risk management software, mortgage and loan servicing, standby and know-your-customer (KYC) servicing. As part of the London-based financial services company Equiniti, the newly-founded company combines its EQ Credit […]

March 7, 2023

Cryptocurrencies, according to reports, will be widely used as payment methods shortly. According to a recent survey conducted by Ripple and FPC, a payment organization, more than 50% of participants believe that the majority of merchants will begin accepting crypto-poised […]

March 7, 2023

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time […]

February 24, 2023

Cryptocurrency exchange Binance has partnered with France-based paytech Ingenico to enable in-store payments in France. The partnership includes the launc of a pilot programme that accepts more than 50 cryptocurrencies and will be available only on Ingenico Axium payment terminals […]

February 16, 2023

Through the partnership, Citizens will utilise Paymentus Bill Center and Paymentus Loan Payments, both powered by Paymentus’ instant payments network (IPN). Paymentus Bill Center provides customers a holistic view of all their bills and financial obligations, as well as payment […]

February 13, 2023

The implementation means that Carrefour’s customers in Deira and Amsaf can now purchase food, essentials and more using PopID’s Face Pay. To make payments using Carrefour’s newest facial verification feature, customers can enrol for the service through the retailer’s mobile […]

January 31, 2023

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]

January 31, 2023

The round also saw participation from Athletic Ventures, Left Lane Capital, Icehouse Ventures and Notion co-founder and chief operating officer (COO) Akshay Kothari. Founded in 2016 and based in Wellington, Hnry provides invoicing, tax, insurance and compliance services to self-employed […]

January 31, 2023

Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. BTC/USD fell to a low of $22,657.58 earlier in the day, less than 24 hours after hitting a high at […]

January 30, 2023

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

January 18, 2023

The service is initially going to launch in Germany, France and Spain, with plans to expand into other international markets. With Splitit’s platform and Checkout.com’s payment acquiring capabilities, AliExpress shoppers will be able to pay after delivery using their existing […]