Financial Services

Steve Squeri said Amex’s card business has been unshaken by widespread market concerns.

Stripe launched its in-store POS system in Singapore as the wider region sees growing digital payment use and demand for unified commerce.

Few startup fintechs from a decade ago were able to withstand the force of incumbent financial institutions. Neobanks that can’t get their act together soon may face the same fate.

As cash use declines across Africa, Visa and Safaricom have launched a virtual card to let M-Pesa users transact over Visa’s network.

The value they place on the privacy and the security of their financial data makes them view alternative authentication methods more favorably—particularly if it creates a seamless and frictionless experience across all of their devices.

These deals could help both firms sustain business as recession fears, higher competition, and looming BNPL regulation threaten growth.

The CEO claims the neobank’s strategy is right on track. But it’s not profitable, it’s burning through funding, and its low revenue this year hurts the possibility of more funding.

They may find it easier to meet their financial needs with digital currency, but it’s unclear how they are spending the assets and whether this promotes financial equity.

Watch the on-demand replay of our webinar, Crypto Payments 2022, as our analysts discuss US crypto payment user growth and global crypto transaction value growth trends, as well as drivers and inhibitors.

The duo introduced the Fundbox Flex debit card for small small businesses and plan to add BNPL and instant disbursement through Visa Direct.

More than three-quarters of consumers in the country are ditching physical wallets for mobile payments.

Investors want retailers to take decisive action on ESG initiatives: But companies like Amazon and McDonald’s are pushing back on shareholder demands.

Is CVS Health turning into a primary care behemoth? The company’s new virtual primary care service fits into CVS’ goal of becoming a preferred healthcare destination for millions of consumers.

BNPL attracts users who are higher-risk and younger than the general credit-seeking population, a TransUnion study found.

Industry trade groups fear that a CBDC would shrink deposits at private banks and hinder banks’ ability to offer credit. But as CBDCs are developed across the globe, the US can’t afford to be left behind.

It now lets users convert payments to Bitcoin, and it launched two products to let customers access third-party apps.

Even insured patients need help affording care. We dive into a new survey on consumers’ medical cost concerns and how price transparency tools can turn confusion into clarity.

Mastercard signed deals with Sokin, i2C, and One Global to launch cards and mobile wallet solutions as cash use quickly falls across the region.