Over 40% of consumers in Tier 3 to 6 cities and towns of the country are using digital payment services on a daily basis. Also, over 45% of consumers are using digital payment services once every alternate day, according to a report by Chase India. The report titled ‘The State of Digital Payments in India’ […]
International transfers for businesses have traditionally come with a list of requirements that can differ per country, from expensive transfer fees and a time lag of several days to the need for specific information such as IBAN and BIC. Powered by Visa Direct, Revolut Business customers now only require a card number for transactions, with […]
Peloton co-founder John Foley revealed that he nearly lost all his money after leaving the exercise equipment company in 2022. In an interview with the New York Post, the former CEO opened up about how his stint as a billionaire was short lived as his wealth was mainly tied to the company. “You know, at […]
Home improvement chain Lowe’s is reportedly set to drop multiple diversity, equity and inclusion (DEI) programs. The retail chain is the latest major corporation to modify its DEI policies, according to an internal memo reported by Reuters. According to the reports, Lowe’s is ending its participation in surveys for the Human Rights Campaign, one of […]
The Consumer Financial Protection Bureau’s interpretive rule for Buy Now, Pay Later products classifies them as “credit cards” and their providers as “card issuers” and “creditors” under the Truth in Lending Act and Regulation Z. The rule is now in effect. While the CFPB reviews submitted comments, which were due Aug. 1, and assesses whether modifications to the interpretive rule […]
Revolut cements its position as Europe’s most valuable private tech company with a US$45bn valuation after recent employee share sale Leading UK neobank Revolut has reached a US$45bn valuation after the completion of a recent employee share sale. The result sees its worth surge by 36% since its last valuation of US$33bn in 2021, now surpassing the […]
Forward-looking: Neuralink’s recent update on its second study participant, identified as Alex, provides more promising results for potential recipients who have lost the ability to interact with the world around them. According to the update, Alex was able to interact with an on-screen cursor within minutes of his first connection, and within hours, he surpassed […]
Google Chrome isn’t having the best year in 2024. The web browser has been hit with a bunch of vulnerabilities, though Google quickly patched them up. In the latest twist, Microsoft found another vulnerability in Chrome, which Google admitted is being exploited by hackers. The search giant rolled out an update to fix it just […]
In the latest development of the case, Deutsche Bank stated that it had settled majority of the claims with plaintiffs, agreeing to pay former shareholders €31 on top of €25 paid to them originally per share. However, there still are some shareholders holding out. Last week, a lawyer on the case, Jan Mayer, called Deutsche […]
Federal Reserve Chair Jerome Powell sent a straightforward message to markets in a key speech on Friday, saying “the time has come” for the central bank to begin lowering interest rates. Speaking at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyo., Powell said: “The time has come for policy to adjust.” “The […]
As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. From advanced data analytics to smart building technologies, these innovations offer powerful tools for enhancing operational efficiency and driving revenue growth. We asked industry experts to share their insights […]
Philadelphia Fed president Patrick Harker said he expects the central bank to start with a 25 basis point cut as it begins to ease monetary policy and he would be open to a larger cut if the labor market deteriorates suddenly. “Starting at 25 makes a lot of sense to me,” Harker told Yahoo Finance […]
