Tagged: consumer spending

June 7, 2020 @ 6:58 pm By Omar Faridi  |  

Stuart Sopp, founder and CEO at digital bank Current, says that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. Sopp told Banking Dive that his members’ addressable market has increased considerably in size and… Read More

May 9, 2020 @ 1:01 pm By Omar Faridi  |  

India-based digital payments platform Simpl has reported a significant increase in transaction volume for online orders of daily essentials. The company claims there has been a 30-35% increase in the number of transactions involving the purchase of essential items. The change in consumer spending habits… Read More

April 26, 2020 @ 10:25 am By Omar Faridi  |  

N26 Inc., the US-based subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, has published its global and US-specific research report, which reveals the impact that the Coronavirus (COVID-19) pandemic has had on the neobank’s finances. The all-digital bank reportedly… Read More

March 30, 2020 @ 7:52 am By Omar Faridi  |  

The Michigan Consumer Sentiment Index (MSCI), a monthly telephonic survey that aims to capture and assess the sentiment of US-based consumers, recorded the fourth-biggest monthly decline in almost five decades driven by the Coronavirus (COVID-19) pandemic. The MSCI is used by investors as a way… Read More