New data from The Global Payments Report 2023 by Worldpay from FIS reveals rapid changes in how consumers in the United Arab Emirates (UAE) are paying for goods and services. For some time, the UAE has been one of the most dynamic markets in the Middle East, with a strong preference for mobile e-commerce and […]
RTP and BNPL take centre stage as e-commerce rises Read More »
xSuite Invoice is the only AP automation software solution available on the SAP Business Technology Platform xSuite, the specialist for accounts payable invoice automation, announced the launch of a new component to its AP automation software, xSuite Invoice. The new component runs on the SAP Business Technology Platform, suitable for SAP customers using the SAP S/4HANA
The red lights are flashing. Credit is becoming more expensive, lenders are becoming more restrictive. Yet consumers are still spending. They still want to spend — and they may need some help in the current environment, even though unemployment is low and wages are rising. Inflation has been a rough headwind. It’s still the case
Payments platform Paysafe saw a revenue boost due to a rise in digital wallet use. “We kicked off 2023 by delivering our strongest quarterly revenue since going public,” CEO Bruce Lowthers said in a Tuesday (May 16) press release announcing the U.K. company’s first-quarter earnings. He noted that revenue rose 7% because of double-digit growth from the company’s digital wallets
Paysafe Says Digital Wallet Use Helped Q1 Revenue Jump 7% Read More »
From high fees to complex applications and an impersonal service, the business current accounts offered by traditional banks still leave a lot to be desired, said Richard Davies, CEO at Allica Bank, a regulated U.K. neobank which provides savings, lending and payments services for small and medium-sized businesses (SMBs). This is especially true for established
UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses Read More »
Private equity-backed Envision Healthcare has filed for bankruptcy, citing COVID, inflation and clashes with insurers. The Tennessee-based company, backed by investment giant KKR, announced in a Monday (May 15) press release that it had agreed to a restructuring plan for debt obligations of roughly $7.7 billion. That agreement will see the company’s AmSurg business —
Bankrupt Health Firm Envision Blames Downfall on COVID and Insurers Read More »
Inflation might be cooling but it hasn’t worn off yet, especially as consumers continue to purchase products that can essentially be dubbed “in demand.” Take Olay’s new SPF 30 mineral sunscreen for sensitive skin, which was reportedly found to retail for $50 in stores. In a recent TikTok post, Andrea Suarez, a dermatologist based in
Will Consumers Pay $50 for Drugstore Brand Sunscreen? Read More »
Salsa has raised $10 million to help software platforms embed payroll features inside their own products. By embedding Salsa’s application programming interfaces (APIs) in their platforms, developers can enable businesses to handle payroll within the same software platform they use to manage their business and employees every day, Salsa said in a Wednesday (May 10) press release. “The
Salsa Raises $10 Million to Help Platforms Embed Payroll Features Read More »
Experian has launched a FinTech-centric version of its fraud prevention network in the U.S. Announced Wednesday (May 10), this new iteration of the company’s Experian Hunter data network is being rolled out in response to a rise in fraud in the FinTech sector. The company said in a news release that the network gives users
Experian Debuts Network to Hunt FinTech Fraud Read More »
Borrowing among consumers jumped in March amid a sharp spike in credit card use. Recent data from the Federal Reserve shows credit in the aggregate leaping by $26.5 billion in March following a $15 billion increase in February. According to the Fed, total revolving debt in March was $1.239 trillion in March, compared to $1.221
Consumer Borrowing Jumps Amid Sharp Spike in Credit Card Balances Read More »
