Goldman Sachs Faces $400M Hit Exiting GM Partnership
Goldman Sachs exits GM credit card partnership with $400M loss. CEO David Solomon says the exit is not overly complicated.…
Visa and KOTRA Unveil New B2B Payment Platform
Visa and KOTRA launch a trade payment platform in South Korea. The platform will initially support payments with five major…
Cryptocurrency Faces Regulatory and Technological Hurdles
Cryptocurrencies face regulatory, behavioral, and technological challenges for mainstream acceptance. Instances of fraud and regulatory actions highlight ongoing issues in…
Parafin Offers Financing to Walmart Marketplace Sellers
Parafin partners with Walmart to finance Marketplace sellers. New financing includes fixed fee, no interest, flexible repayments. Walmart enhances Marketplace…
PwC Cuts 1,800 Jobs Amid Declining Demand
PwC plans to lay off 1,800 employees due to reduced advisory demand. The layoffs will primarily impact U.S. advisory, products,…
BurgerFi Files for Chapter 11 Bankruptcy Protection
BurgerFi filed for Chapter 11 bankruptcy amid economic challenges. The filing includes only corporate-owned BurgerFi and Anthony's locations. Both corporate…
Gusto Introduces AI Assistant for Small Businesses
Gusto introduces AI-powered assistant Gus for small business operations. Gus offers quick answers, personalized insights, and task automation. Gusto aims…
U.S. Stocks React to Fed Rate Cut and Debate
U.S. stocks faced volatility due to Fed's interest rate decision. Technology stocks led market recovery amid broader declines. Political debate…
Paymob Secures $22M for Expansion in Egypt and GCC
Paymob raised $22 million to expand in Egypt and GCC countries. The company’s total Series B funding reached $72 million.…
Stablecoin Payments Surge in Singapore
Singapore's stablecoin payments neared $1 billion in Q2. Merchants favor stablecoins for their efficiency and low cost. Stablecoins offer a…
