Asian tech shares jump, China property stocks rally
Tech stocks climbed in Asia, following U.S. peers higher. The Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Also, the cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation. Regional bond yields rose with […]
Stablecoins to face same safeguards
Stablecoins would have to comply with the same safeguards. This is because their more traditional competitors in payments under proposals from regulators, as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies, that are designed to have a stable value relative to traditional currencies. This is to avoid the volatility that makes bitcoin and […]
Italy’s next move to close SIA
Nexi said its acquisition of smaller rival SIA to create an Italian payments champion will be completed after Italy’s antitrust authority gave a conditional green light to the deal. The competition watchdog gave the approval. Last month, they said that it had opened an investigation into the merger. This is due to antitrust concerns in Italy’s digital payments industry. […]
Klarna introduces pay now option in UK
Swedish payments firm Klarna said that it has introduced a number of changes to its product in the United Kingdom. This includes the option for its users to pay now. The announcement comes as the UK is expected to introduce rules for buy-now pay-later (BNPL) credit after the unregulated market spiked. This is because of […]
Westerra credit union partners with Backbase
Westerra Credit Union is a leading Colorado financial cooperative. They have announced that it has partnered with Engagement Banking technology provider, Backbase. This is to accelerate its digital transformation journey. The collaboration will see Westerra adopt Backbase’s Digital Sales and Digital Banking solutions. So that this can provide omnichannel solutions for retail and business banking […]
Key takeaways from Money 20/20 Europe 2021
Money 20/20 Europe 2021 brought together key players from throughout payments for a series of presentations and debates on the key concerns and opportunities within the industry. This event brought together over 1,500 people. Gathering alongside other delegates in Amsterdam for one of the first in-person events since the onset of the pandemic. The European […]
Key trends in payment authentication
Consumer demands have significantly increased, both in online and in real. Easy, interconnected payment solutions are now expected. This leaves the merchants constantly to look for ways to provide a seamless checkout experience. The difficulty that merchants face is the cart abandonment. This is with over two thirds of purchases cancelled before checkout, especially due to frustration. […]
Financial service providers falling short
PA Consulting (PA) has published new global research. That is revealing an overwhelming majority of people expect sustainable financial services to become the norm (93%). According to the research, consumers are currently facing a critical knowledge gap. This should serve as a wake-up call to financial services providers. PA surveyed 3,500 consumers globally. Also, consumers of […]
Eightcap Launches Impressive Award-Winning Crypto Derivatives Offering with Ultra-Low Spreads
Eightcap, a multi-award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives. Not only has Eightcap’s latest crypto launch surpassed what other derivative providers are currently […]
Cryptoization threatens financial stability
The International Monetary Fund said that the advent of digital currencies in emerging markets could spark cryptoization of local economies. This is upsetting financial stability. Bitcoin and its kin have soared in price and popularity over the last year. This can be seen in economies such as Vietnam, India and Pakistan. U.S. blockchain researcher Chainalysis […]