A study released recently, How consumer behaviour shapes the digital economy, by Checkout.com, a digital payments firm, has highlighted the consumer buying behavior which is powering the digital economy. The research, carried out across the United Kingdom, US, United Arab Emirates (UAE) and China, reveals… Read More
Businesses in Australia are reportedly faring well despite changing economic conditions, says Westpac’s latest business snapshot. Australian businesses are largely managing “slowing consumer demand and are cautiously optimistic as they head into 2024.” Westpac’s latest Quarterly Business Snapshot), which “analyzes millions of daily business banking… Read More
Construction activity and a strong job market have helped South Australia ascend to the top of the economic performance leaderboard, according to CommSec’s quarterly State of the States report. This is the first time South Australia has reportedly “ranked No.1 in the report’s 15-year history.”… Read More
Mastercard (NYSE: MA) and The Clearing House (TCH) have announced an extended multi-year partnership, bringing the companies together to collaborate on innovative capabilities for consumers, businesses and governments “to evolve and embrace the digital economy through real-time payments (RTP) adoption on the RTP network.” The… Read More
The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More
Dapper Labs announced the upcoming launch of Disney Pinnacle, an all-new socially driven collectible experience that brings the magic of pin collecting to the digital age. Disney Pinnacle will aim to “bring together characters from 100 years of Disney, along with beloved icons from Pixar… Read More
Grasshopper, the client-first digital bank built for the business and innovation economy, today announced its partnership with Capchase, a provider of non-dilutive financing solutions for Software-as-a-Service (SaaS) companies, “to provide revenue-based financing for enterprise SaaS startups through the bank’s partnership ecosystem, exclusively available to Accelerator… Read More
BIGO, a global technology leader known for its innovative RTC (Real Time Communications) based products, announces its partnership with Checkout.com and Visa in order “to transform cross-border payouts for content creators in the United Kingdom, Italy, Germany, Switzerland and Austria.” BIGO TECHNOLOGY PTE. LTD. has… Read More
Bank of America Institute (NYSE: BAC), the internal think tank that uses Bank of America’s proprietary data from their 68 million consumer accounts to glean insights into the US economy, has released a report. The update looks into how consumers are faring given the current conditions…. Read More
A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More
The MENA region reportedly has the sixth largest crypto economy of any region studied this year, “with an estimated $389.8 billion in on-chain value received between July 2022 and June 2023,” according to an update from Chainalysis. Chainalysis also mentioned that this “represents nearly 7.2%… Read More
High interest rates, continued uncertainty and low productivity could see the UK struggle to keep its head above water “in the second half of the year – with GDP growth forecast at 0.4% in 2023 and 0.3% in 2024,” according to KPMG’s latest UK Economic… Read More
Checkout.com, the global payments provider, releases its latest research on the disparities in payment performance in the digital economy. The ‘High-Performance Payments: The hidden billion-dollar opportunity’ whitepaper, supported by research from Oxford Economics, finds “that US businesses lose, on average, 2.1% of global revenues due… Read More
Visa Inc. (NYSE:V), which claims to be world leader in digital payments, released the Fall 2023 edition of its Biannual Threats Report which “highlights emerging fraud schemes targeting the global economy.” This edition showcases “a significant rise of phishing schemes proliferated through generative AI tools,… Read More
TaxBit, the end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine “to empower businesses dealing with cryptocurrencies to streamline their accounting processes.” As the global cryptocurrency market surpasses a market capitalization of over $1 trillion, businesses “face mounting challenges… Read More
Mastercard (NYSE:RSKD) has established a Global Centre for Advanced AI and Cyber Technology in Dubai. The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office and Mastercard signed a Memorandum of Understanding “to increase Artificial Intelligence (AI) capabilities and readiness in the region.” An… Read More
Spain is a country where old meets new, tradition dances “with innovation, and the economy basks in the sun of digital transformation and the fintech boom,” the team at Mintos notes. The report from Mintos points out that Spain, with its mix of beautiful beaches,… Read More
Vodafone’s ‘Economy of Things’ Digital Asset Broker (DAB) business is connecting with Aventus, which helps enterprises adopt Web3 – the new blockchain-based decentralised world wide web. The two companies will “use their collective strengths to help more businesses and strategic partners take advantage of Web3’s… Read More
Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More
Gnosis announces the imminent release of Gnosis Pay and Gnosis Card. Gnosis Pay is reportedly the first decentralized payment network “allowing web3 developers to integrate with a range of traditional payment schemes including Visa, and onboard the next millions of uninitiated users to tap into… Read More
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