Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced. The money includes donations from customers together with contributions from...
Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced. The money includes donations from customers together with contributions from...
As Ukrainians flee heavy fighting from Russian forces, the Eastern European nation has received nearly $100 million in cryptocurrency donations, according to Alex Bornyakov, Ukraine’s spokesperson, CoinDesk.com reported Wednesday (March 9). In an emergency briefing online, Bornyakov, deputy minister of digital transformation, said more than...
In today’s top Europe, Middle East and Africa news, McDonald’s chief financial officer has predicted the fast-food chain will lose $50 million per month, or 5 cents to 6 cents per share for shutting its Russian eateries, and Visa is collaborating with Abu Dhabi-based FinTech...
The Bank of Russia has imposed a six-month restriction on local companies’ access to foreign currency cash in an effort to preserve hard currency amid sanctions against the country. As Reuters reported Thursday (March 10), the restrictions — which are in effect until Sept. 10...
While McDonald’s is still calculating the actual cost of temporarily shuttering its eateries in Russia, the world’s largest fast-food restaurant chain estimates it will lose around $50 million per month, or roughly 5 cents to 6 cents per share, CFO Kevin Ozan said during a...
The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new payment platform to provide instant payments. Pay.UK published its new strategy plan March 2 for 2021-2026 where it established its...
Consumers worldwide continue to adjust how they shop, pay for daily purchases and interact with their financial institutions (FIs) during the pandemic. Ninety-three percent of consumers globally report being interested in tapping at least one emerging payment method to meet their financial needs, for example....
After a difficult 2020 during which global investment plummeted due to the pandemic, 2021 emerged as a very successful year for both public and private markets, with various sectors recording record growth in funding. “From a FinTech perspective, there was over $130 billion of primary...
