Uber is upping its aid to Ukraine as the country’s war with Russia enters its second year. The ride hailing/delivery company announced Wednesday (Feb. 22) it had expanded its partnership with Ukrainian President Volodymyr Zelenskyy’s donations platform UNITED24 to help raise money for ambulances for...
Latin America is in the midst of a historical digital commerce boom. The region’s market of small- to mid-sized businesses and professionals that offer digital services has grown rapidly, and this transformation is also reshaping the LatAm payments space. This digital growth represents a massive...
Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year, a more than 50% drop from 2021 and the lowest level in eight years, The Wall Street Journal (WSJ) reported...
Nigeria is having a tough time switching over to some new paper currency. The Financial Times (FT) reported Friday (Feb. 3) that a shortage of the new bills has led to long lines at banks and ATMs, fights, limits placed on withdrawals, closed bank branches and a...
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...
