The landscape of financial transactions is witnessing a monumental shift away from conventional cash transactions and even traditional chip-based card payments. This transformation is marked by the increasing adoption of contactless payments—a technology that promises faster, safer, and more convenient ways to pay for goods and services. This article delves into the reasons behind the unprecedented rise and widespread acceptance
Monite has unveiled its iFrame solution, designed to significantly elevate the adoption of accounts payable (AP) and accounts receivable (AR) solutions for global business-to-business (B2B) firms. This innovative offering permits small-to-medium business (SMB) platforms such as vertical SaaS, neobanks, and payment platforms to provide financial features to their clients in a more effective manner. As SMBs increasingly seek to enhance
As seasoned investors scrutinize traditional investments, they increasingly consider the risks associated with real estate and examine alternative avenues that safeguard their wealth and ensure greater returns. Despite its long-standing reputation as a stable investment, real estate is subject to numerous challenges, such as fluctuations in interest rates, government regulations, and economic uncertainties, all of which can significantly impact property
INXY Payments, a European Union-approved platform that integrates traditional finance with the burgeoning cryptocurrency economy, recently secured $3 million in funding. This round was led by Flashpoint VC and included contributions from notable angel investors, demonstrating significant confidence in INXY’s mission. The funding will be used to advance INXY’s goal of simplifying and securing cryptocurrency payments for businesses worldwide. Currently,
Buy Now, Pay Later (BNPL) services have seen a significant increase in use in the UK, with 1 in 8 Brits or 6.8 million people using these services for the first time in 2024. This spike in new users is occurring even as the sector remains unregulated, with proposed changes not set to be enforced until 2026. Widespread Adoption Among
Deel, a leading payroll and HR company, recently made headlines with the announcement of new anchor investors, General Catalyst and a sovereign investor, who have purchased nearly $300 million in secondaries from early investors. This significant move highlights the company’s strong momentum and investor confidence in its long-term vision. Additionally, Deel reported an impressive $800 million run-rate as of December
Brussels, the Belgian capital, is currently experiencing a division among businesses concerning the future of payments, particularly between cash and card transactions. There is an ongoing tug-of-war, with some business owners staunchly advocating for the continuation of cash payments while others are embracing digital transactions, driven by a tech-savvy younger generation. This conflict has brought to light various underlying issues
Virgin Money has introduced a compelling new incentive for their M Power account, a no-cost bank account designed specifically for young savers and spenders aged 11 to 17 years. Beginning today and running until March 5, 2025, parents or guardians who open an M Power account for their child and deposit at least £1 by March 12, 2025, will benefit
Imagine a world where managing your finances is not just about keeping track of spending but about receiving insightful daily updates to help you make smart wealth-building decisions. This vision has turned into reality with Chip’s launch of WealthScore, an innovative feature that promises to revolutionize personal finance. Unlike traditional credit scores that predominantly highlight your financial limitations, WealthScore celebrates
To boost employee retention and satisfaction, you must provide your workers with accurate and timely payments—automating your payroll via a reputable service that can ensure prompt, accurate payments and help you comply with local, state, and federal tax laws. Most payroll services support direct deposit, a payment method many workers prefer. However, direct deposit doesn’t work for everyone and may
Smartphone financing has emerged as a pivotal factor in boosting economic stability and entrepreneurial opportunities for working mothers in Mexico. According to PayJoy’s report titled “Unlocking Economic Mobility: Smartphone Finance and the Rise of Mexico’s Working Mother Micro-Entrepreneurs,” access to smartphones through financing has had a significant impact on the lives of over 1,100 working mothers. This financial support has
The cryptocurrency market continues to captivate investors with its potential for high returns and revolutionary technology. As of January 2025, the spotlight has turned to XRP, currently valued slightly above $3 and facing significant market resistance. Analysts are actively debating whether XRP remains a premier choice for cryptocurrency investments, especially considering its performance projections. XRP Price Projections Bitcoin’s Influence on
