23% of Bridge Millennials Use 4 or More Financial Coping Tactics
Twenty-three percent of Bridge Millennials employ four or more financial coping tactics to manage rising living costs. The finding comes from a PYMNTS Intelligence survey of 2,747 U.S. consumers examining how younger people are adapting to higher expenses.
Invest Now, Win Later: How Buy Now, Pay Later Became a Merchant Growth Strategy
Buy now, pay later services have become a significant payment method affecting customer behavior and merchant revenue. Shoppers using BNPL spend more, purchase more frequently, and return at higher rates than other customers.
Visa Brings Card Acceptance to SMB Smartphones
Smartphone payment acceptance capabilities were added to Visa Pay, Visa Accept, and Visa Direct for small businesses in emerging markets. The offerings allow financial institutions, wallet providers, and platform partners to facilitate card transactions through mobile devices.
Private Credit Is Enabling BNPL Adoption Despite Mounting Debt Concerns
Private credit firms are investing billions to fund buy now, pay later services, enabling rapid sector expansion despite regulatory and analyst concerns about consumer debt risks. BNPL platforms allow shoppers to split purchases into smaller installments with more flexible payment terms.
JPMorgan Executives Say Banking Rules Should Apply to Digital Assets
JPMorgan executives stated that banking safeguards should be included in any digital assets framework established by the United States. Umar Farooq, global co-head of J.P. Morgan Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions, published an article on June 29 advocating for durable protections in digital asset regulation.
Fiserv Embeds Personetics’ AI Platform into its Digital Banking Suite
Fiserv embedded Personetics' AI platform into its Experience Digital banking suite to deliver personalized experiences to bank customers. The cognitive banking platform integration allows financial institutions to offer customized services through Fiserv's digital banking tool.
Bank of New York Mellon to Support USDC Stablecoin
Bank of New York Mellon will begin supporting USDC stablecoin for its customers by July. The bank is offering this service to improve transfer and payment infrastructure for clients using the dollar-based stablecoin.
Trading Technologies launches multi-asset trade surveillance tools
TT Trade Surveillance now includes a new Market Replay tool and enhanced case management system interface that covers equities, futures, options, foreign exchange, fixed income, and cryptocurrencies. The upgrade improves workflow speed and scope across multiple asset classes for surveillance operations.
LSE warns of listed companies moving to US
Up to 200 UK-listed companies could relocate their listings to the US under a worst-case scenario, according to planning documents from the London Stock Exchange. The LSE cited post-Brexit regulatory divergence and competitive pressures from American markets as key factors in this potential migration.
Tabby secures licences in Saudi Arabia
Tabby has received two licenses from Saudi Arabia's central bank: a consumer finance licence and an SME finance licence. The financial services app can now operate these regulated services in the kingdom.
Digital ID provider Wultra raises $7.75m in funding round
Wultra completed a €6.8 million Series A funding round for its post-quantum authentication and digital identity solutions. The company provides these services to banks and financial technology firms.
Former ECB board member named as chair of Reform Technologies
Elizabeth McCaul, a former European Central Bank board member, has been appointed chair of AML technology platform Reform Technologies. The company provides anti-money laundering solutions to financial institutions.
Mynt plans $1.5bn IPO for Philippines mobile payment platform
Mynt is planning a 1.5 billion dollar IPO for its mobile payment platform GCash. The listing would be the largest ever for the Philippines.
Canadian fintech Float raises C$85m
Float Financial raised C$85 million in Series C funding led by Inovia Capital with Goldman Sachs participating. The Canadian business finance platform will use the capital to expand its operations and product offerings.