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P97 taps Visa for mobile convenience store payments

Visa, P97 Networks, Mobile Payments, EV charging payments, in-car payments, voice-enabled payment platform, USA, FinTechP97 Networks, a connected commerce, mobile payments, and mobility services provider, has teamed up with Visa to deploy its token technology. This collaboration will help...

Marqeta to buy fintech infrastructure start-up Power Finance for $223m

Marqeta, a US-based modern card issuing platform, has agreed to acquire credit card programme management platform Power Finance for a total of $223m in cash. Under the terms of the agreement, Marqeta will pay about one-third of the total consideration...

UBS reports 23% increase in Q4 2022 net profit to $1.65bn

Swiss investment bank UBS has reported a net profit of $1.65bn for the fourth quarter ended 31 December 2022, a 23% increase compared to $1.34bn for the corresponding quarter in 2021. The company reported total revenues of $8.02bn for the...

American Express Launches New Cash Flow Management Hub

American Express announced the launch of American Express Business Blueprint™, the company’s new digital cash flow management hub designed exclusively for small businesses, which features cash flow insights, digital financial products, and an easy way to reach and manage...

A Slight Interest Rate Hike But More Coming- US Fed Reserve

The US Federal Reserve increased its target interest rate percentage point quarter on February 1 and yet continued to promise an ongoing surge in the borrowing cost as part of its battle against inflation. As per US central bank, the...

Sturdy Crypto Regulations To Be Put In Place By The UK

The finance ministry of Britain plans for sturdy regulations for crypto assets after the collapse of the crypto exchange giant FTX in 2022, because of which millions had to undergo severe losses. It is well to be noted that crypto...

Rising Interest Rates May Significantly Sting European Banks

A surge in the cost of borrowing is a much-needed lift for the already troubled banks in Europe, but it does come with a sting in the tail. As the European Central Bank as well as the US Federal...

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