AmEx says the arrangement means customers will now be able to better manage their personal finances and business expenses via secure connections of their card accounts with third-party financial institutions and fintech apps through MX. The integration allows customers to leverage AmEx’s secure authentication procedures while eliminating the need for credential sharing, improving data accuracy […]
Money movement firm TerraPay is aiming to enhance financial accessibility in Lebanon through a new partnership with Suyool, a licensed financial ecosystem regulated by Banque du Liban. Through the new partnership, TerraPay and Suyool are aiming to address the growing demand for fast, secure, and convenient remittance services in Lebanon. Lebanon remains heavily reliant on remittances, with over $6.5billion […]
Pinterest shares plunged as much as 15% on Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite beating on the top and bottom lines with its third-quarter earnings. Here’s how the company performed, according to LSEG: The company said fourth-quarter revenue will be between $1.125 billion and $1.145 billion. The midpoint […]
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. The solution, dubbed UBS Digital Cash, aims to increase the transparency and security of cross-border payments with blockchain-based payments. Cross-border payments often […]
A U.S. appeals court rejected on Friday a bid by American Airlines to overturn a judge’s decision that sided with the U.S. Department of Justice and declared that its now-scrapped U.S. Northeast partnership with JetBlue Airways was anticompetitive. The Boston-based 1st U.S. Circuit Court of Appeals agreed with the lower-court judge that the airlines’ Northeast Alliance joint venture that allowed the […]
Asia-Pacific markets were mixed Thursday after former President Donald Trump won the White House, defeating Vice President Kamala Harris in the 2024 presidential election. NBC News projects that Trump will win at least 291 Electoral College votes, including key swing states of Pennsylvania, North Carolina and Georgia. Japan’s Nikkei 225 reversed gains to lose 0.25%, but the broad based Topix was up 0.95%. […]
UK bank NatWest has partnered with payments giant Mastercard to launch a new mobile virtual card payment solution for business, Approval2Buy with Mobile Virtual Cards. Becoming the first service in Europe to leverage the Mastercard mobile virtual card app, NatWest plans to enable companies to provide virtual cards to their employees for use worldwide. With the new solution, it […]
MEX Global, a subsidiary of MultiBank Group, the global financial derivatives institution headquartered in Dubai, has launched cash payment services to enable UAE-based clients to easily deposit and withdraw funds. Through a partnership with Al Ansari Exchange, a personal remittance and foreign exchange company in the UAE, MEX Global is enabling its clients to deposit […]
No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according […]
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company’s first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. The company says it underwrites every individual transaction before making a lending decision, and doesn’t charge any late fees. Affirm, which […]
Nov 4 (Reuters) – Oil prices climbed nearly 3% on Monday on OPEC+’s decision for a month’s delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures were up $1.98, or 2.7%, at $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Last week, […]
Australia’s central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. In contrast to a more dovish stance from other central banks in advanced economies, the Reserve Bank of Australia wrote in its statement that “inflation has fallen substantially since […]
