The African Development Bank Group is supporting the trade finance efforts of Bank One Limited. The Group will provide a $40 million trade finance package that is meant to help Bank One of Mauritius increase its capacity to provide trade finance to small to medium-sized businesses (SMBs), local...
Iraqi financial app provider Blue now enables users to trade U.S.-listed stocks. The Iraq-based FinTech said in a Friday (Dec. 16) press release that the launch of this latest technology for its Bluepay mobile app comes as the Central Bank in Iraq recently approved Blue to offer international money...
International money transfer company Wise has launched a new savings product. Launched in the U.K. on Thursday (Dec. 15), the new “Interest” product lets Wise Assets customers in the U.K. earn interest on their pounds, euros and dollars. The annual variable yields are 3.29% on...
FinTechs are offering an alternative to cumbersome and risky corporate spending processes. And whether it’s freelancers or large enterprises, workers no longer have to go through the hassle of spending their own money, saving receipts and reconciling their bills at a later date to get...
England’s central bank is planning on gauging the resiliency of non-bank financial markets. As one of its most important protective functions, the Bank of England (BoE) runs various stress tests on the U.K.’s banking system to measure its resilience and inform policy measures intended to...
Most UAE consumers have their smartphones handy when shopping online or in-store. That finding comes from the 2022 Global Digital Shopping Index report, a PYMNTS and Cybersource collaboration, which relied on data from 2,015 consumer responses and 500 merchant interviews conducted in the United Arab...
Following last year’s merger with Solaris, the Contis brand is being retired. In a press release on Tuesday (Dec. 6), Solaris wrote that the Banking-as-a-Service (BaaS) provider Contis will now operate under the Solaris name. “Solaris has established itself as the leading platform for embedded...
eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after the departure of founders Sacha Poignonnec and Jeremy Hodara, and is happening as the company takes on a larger series...
The digital nomad trend is booming as the list of attractive destinations is expanding. Armed with laptops and wanderlust, these modern-day working travelers have the potential to help stimulate economies and provide a valuable source of income during tourist off-seasons. In this article, PYMNTS reviews...