Tagged: spending

April 25, 2023 @ 10:07 pm By Omar Faridi  |  

A new study from Juniper Research, who claim to be experts in payments, found that carrier billing spend “will reach $122 billion globally by 2027, rising from $70 billion in 2023.” This reported “growth of 74% over the next four years will be driven by… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 1, 2023 @ 3:17 am By Omar Faridi  |  

Rocket Companies, Inc. (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – unveiled the Rocket Visa Signature Card, the first credit card created “to make homebuying easier and more accessible… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 19, 2023 @ 1:30 pm By Omar Faridi  |  

Wedge Financial, Inc., a fintech company that brings the power of the markets and programmable payments to everyday spending, is partnering with Visa (NYSE: V) in order to launch a debit card “connected to the Wedge app, accelerating its mission to revolutionize consumer spending.” Wedge… Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

January 1, 2023 @ 6:05 pm By Omar Faridi  |  

Save, a Fintech company that helps people earn higher yields on their spending and savings, announced that it has “added a new Environmental, Social, and Governance (ESG) portfolio that provides a yield from, amongst other ETFs, the iShares ESG Aware ETFs.” According to Morningstar Direct,… Read More

October 29, 2022 @ 12:23 pm By Omar Faridi  |  

Ramp, the finance automation platform and corporate card designed to help businesses spend less, announced international capabilities “for bill payments, short-term bill financing, and employee reimbursement products.” Businesses on Ramp can now “consolidate their international and domestic spend, pay international vendors, and reimburse international employees… Read More

July 8, 2022 @ 7:54 am By Omar Faridi  |  

  London Fintech Plum, Europe’s personal finance app, has introduced a debit card “to help its customers take control of their finances.” The card is Plum’s first move into spending, “consolidating its position as a comprehensive money app.” Designed to complement Plum’s budgeting features and… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

Revolut, the global financial super app with more than 18 million customers worldwide, has revealed new insights on spending on the Fourth of July. The US’s under 35s contributed “almost half of total spending yesterday, making up 57% of total transactions during the day.” 12%… Read More

June 23, 2022 @ 6:22 pm By Omar Faridi  |  

Credit Karma Money™, a single destination within Credit Karma for spending and saving, has announced the launch of cash back rewards, “giving its more than 110 million members in the U.S. the chance to earn cash back when they spend money at certain merchants using… Read More

June 3, 2022 @ 2:50 pm By Omar Faridi  |  

Dave Inc. (NASDAQ: DAVE) announced the arrival of cash back rewards “for all Dave Spending members with the launch of Dave Rewards.” Dave is the banking app on a mission “to create products that level the financial playing field.” This new offering “enables Dave’s members… Read More

February 25, 2022 @ 12:13 pm By Omar Faridi  |  

Fintech firm Ramp, which offers a finance automation platform and claims to have one of the fastest-growing corporate cards on the market,  has introduced Ramp for Travel, a new AI-assisted travel solution that enables workers to “book anywhere and gives finance teams an unprecedented level… Read More

January 30, 2021 @ 3:02 pm By Omar Faridi  |  

Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, making it one of only 14 Fintechs this month to raise a mega-round ($100M+ or more) in January 2021, notes that during the last… Read More

January 18, 2021 @ 10:03 pm By Omar Faridi  |  

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

January 14, 2021 @ 10:25 pm By Omar Faridi  |  

Research carried out by Think Forward Initiative and Eller College of Management, University of Arizona reveals that so-called budgeting apps are actually causing consumers to spend more money instead of helping them develop good savings habits. The design of a budgeting app usually involves showing… Read More

August 6, 2020 @ 7:57 am By Omar Faridi  |  

London-based Sync., a bank account aggregation and personal financial management service established by Ricky Lee, who’s Revolut’s former head of product design and strategy, has secured £5.5 million through a seed funding round as the company plans to further expand its operations into European. Sync…. Read More