The revolutionary messaging payments technology emerges as a catalyst for a new era in digital commerce. Tailoring Offerings for Teens Apps like Amazon, Uber Cash, Cash App, Venmo, and even Fidelity have tailored their offerings for the younger demographic aged 13 to 17. This strategic move by these industry leaders highlights the growing influence and purchasing power of teenagers in
The global market for wearable payments is experiencing remarkable growth, with projections estimating a staggering compound annual growth rate (CAGR) of 18.31%, reaching USD 180.29 billion by 2030. This surge is primarily driven by the rapid digitization sweeping across Asia-Pacific’s emerging economies, where the shift towards cashless payments is evident. Wearables offer convenience, formalize transactions, and reduce human errors, making
Regional insurtech company Igloo recently announced the successful closure of a $36 million pre-Series C funding round. This substantial investment was led by global investment firm Eurazeo, which operates an insurtech fund backed by leading insurer BNP Paribas Cardif. Eurazeo’s investment aligns with its insurtech fund’s focus on disruptive technologies and innovative business ideas that are revolutionizing the insurance industry.
In a surprising move, e-commerce giant Amazon has announced that it will no longer allow users to pay with Venmo starting from January 10th, according to a notice sent to users. This decision marks an abrupt reversal, as Amazon had only recently announced in October that it would accept Venmo as a payment option at checkout. The news had a
In a strategic partnership that prioritizes client perspectives, FusionIQ and Avantis Investors have joined forces to deliver dynamic and adaptable investment strategies. This collaboration aims to help advisors and their clients achieve their investment goals through diversification, while leveraging Avantis Investors’ exchange-traded funds (ETFs) available on the FusionIQ Digital Model Marketplace. Access to Avantis Investors’ ETFs Through the FusionIQ Digital
The recently announced partnership between Extend and SAP Concur marks a significant milestone in the world of payment management. This groundbreaking deal introduces the first fully embedded virtual card experience, providing customers with a seamless journey from registration to payment within the Concur Invoice platform. Let’s take a closer look at the integration of virtual card services, the partnership with
In the ever-evolving landscape of technology, artificial intelligence (AI) is now being widely employed to combat financial abuse within the banking sector. Financial institutions are increasingly leveraging AI’s capabilities to prevent abusive language from being used in transaction descriptions, protect consumers from scams, and identify patterns of financial abuse. This article explores the approach taken by the Commonwealth Bank of
In a major development for the digital asset industry, Wert, the payment solution provider enabling fiat payments in Web3, has announced a partnership with Avata, an InsurTech service provider and expert in digital asset insurance solutions. This partnership aims to offer customers a first-of-its-kind protection for consumers purchasing non-fungible tokens (NFTs) on platforms leveraging Wert’s checkout solution. With the opt-in
In today’s rapidly evolving digital landscape, banking-as-a-service (BaaS) has emerged as a game-changer, offering non-banking businesses the opportunity to provide financial services to their customers. BaaS enables businesses to leverage the infrastructure and expertise of existing banks, while also benefiting from the automation and digitization of services. This article explores the numerous advantages of BaaS for non-banking businesses, including lowered
Nationwide, one of the leading banks in the United Kingdom, has set its sights on expanding its data center and headquarters in Swindon, Wiltshire. The company has applied to the Swindon Borough Council for permission to build a new “plant area” and expand its existing server farm. This strategic move aims to accommodate the growing data needs of Nationwide, ensuring
Singapore-based insurtech Igloo has successfully raised $36 million in a Pre-Series C funding round, led by Eurazeo, a global investment firm. With participation from Openspace’s OSV+ and returning investor La Maison, this latest funding round comes just 10 months after Igloo’s previous Series B+ fundraising and brings the total amount raised to an impressive $100 million. The significant investment will
In today’s global marketplace, shipping plays a vital role in the success of small and medium-sized businesses (SMBs). However, managing shipping operations efficiently and cost-effectively can be a daunting task. That’s where Dynamic Ship comes in. This premier app takes shipping for SMBs to the next level by seamlessly integrating with Dynamics 365 Business Central, offering a comprehensive solution for
