Atlantic Money has accused international money transfer service Wise of stifling competition. In a statement on its website on Friday (Jan. 27), the foreign exchange (FX) startup expressed its frustration at being delisted from Wise’s price comparison service, which allows consumers to compare the cost...
The two biggest economies in South America are reportedly working on a common currency. Brazil and Argentina will announce the project this week, the Financial Times (FT) reported Saturday (Jan. 21), noting that the move could someday create the second-biggest currency bloc on the planet. “There...
BNP Paribas is considering options to restructure its consumer finance department. The French bank has submitted ideas for a major overhaul of the division to unions, confirming to Reuters Friday (Jan. 6) that “BNP Paribas Personal Finance presented its strategic reflections to the social partners...
Ant Group’s consumer finance arm is set to more than double in size. Last week saw the China Banking and Insurance Regulatory Commission approve an application by Ant to expand the registered capital held by Chongqing Ant Consumer Finance from 8 billion yuan to 18.5...
The Ukraine economy is beating expectations nearly a year into the war. The country’s economic growth is expected to level off or even grow as much as 1% in 2023 after dropping 30% this year, Bloomberg reported Tuesday (Dec. 27). In addition, the inflation rate...
Foreign exchange (FX) volatility presents challenges for cross-border payments, but digital multi-currency wallets offer a solution. According to Ola Oyetayo, CEO at B2B cross-border FX and payments enabler Verto, several of their customers are concerned about how the “macro” will impact them on a 6-month...
India’s proposed online gaming regulations will apply to all games involving real money. That’s according to a report Sunday (Dec. 4) from Reuters, which says this planned regulation comes after the country’s prime minister rejected a proposal to regulate games of skill and not games...
Kenyan payment company Cellulant is branching into the South African market. Cellulant Chief Business Officer Sike Bamisebi discussed the firm’s regional expansion plans in a Thursday (Dec. 1) Bloomberg report. The firm plans to enter the South African retail realm, she told the news outlet,...
With a growing amount of investment and commerce appearing to be headed to Latin America over the long term, JPMorgan Chase & Co. reportedly expects to continue growing its financial services offerings in the region. Latin America is benefiting from the nearshoring trend of manufacturing...
