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US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,
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Ant Group, an affiliate company of Alibaba Group Holding Ltd – ADR'sBABA , announced the addition of four mobile walletsnow accepted in the Philippines. The wallets are part of its global cross-border digital payments and marketing solution, Alipay+. The wallets include: AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch n Go eWallet (Malaysia)and Alipay
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E-commerce revenue-based finance provider, Wayflyer announced that it has signed a $1 billion funding deal with investment firm, Neuberger Berman NBXG . The funding, which is an off-balance sheet (OBS) program, will support Wayflyers growth and expand its financing solutions. Wayflyer customers usually take out loans between $300,000 to $400,000 for inventory purchases, shipping costs,
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Mastercard Inc MA signed a memorandum of understanding with Fintech Saudi at the Seamless Saudi Arabia 2023 event in Riyadh (Sept. 45). The event focused on the latest innovations in payments, fintech, retail, e-commerce, home delivery, and digital marketing. The agreement comes after Microsoft Corp's MSFT partnership with Abu Dhabi-based artificial intelligence (AI) company G42
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