Money News
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Financial inclusion is on the rise globally as 69 percent of adults – 3.8 billion people – now have a bank account or mobile money provider. Key to achieving this have been fintechs, according to Steve Smith of Finicity
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Despite technological advances on mobile devices and mobile applications, there are still a wide variety of consumers who want to avoid the bank or credit card interaction and use electronic cash. Danny Shader, PayNearMe, explains why.
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Gangtok -
A small state in India is to embark on an economic experiment by introducing universal basic income. While the state of Sikkim is small, the concept is attracting global interest.
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The global economy may only now be showing signs of waking from it post 2008 slumber, but The number of people classed as 'super-rich' continues to grow.
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Dr. Nick Almond, a professor in the U.K., believes that the adoption and acceptance of cryptocurrency will come through a crypto lottery. He explains why would the game that is as old as time will help crypto become accepted.
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Hoboken -
The company LendEDU has just released the results of its survey of 1,001 student loan borrowers and their thoughts on changes to the student debt bankruptcy policy, in the U.S. A research analyst provides an oversight.
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A new report looks at data-driven global insurance technology trends and charts record investment from both financial investors and reinsurers in these emerging technologies.
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Cambridge -
A Bitcoin crash would probably derail other cryptocurrencies, according to new research. However, more traditional markets would be relatively insulated from a sharp devaluation.
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Personal finance is on the top of many people’s minds. While the digital era provides more opportunities for investment, making the wrong choice can be costly. Wealthsimple Dave Nugent, Head of Investments, gives some advice.
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Snapsheet, a leading provider of claims technology, has partnered with KeyBank, to launch Snapsheet Transactions, a payment solution for insurance claims. To learn more about the platform we spoke with Alex Meisner, director of innovation at Snapsheet.
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By AFP
Kiev -
Ukraine said on Friday it was banning a new Russian banknote showing an image of the Crimean peninsula that Moscow annexed in 2014.The announcement came one day after Russia unveiled a new note worth 200 rubles ($3.
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Toronto -
Business analysts as reported by Huffington Post, to Business Weekly and Forbes have all noted the impact small business has made upon the economy.
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Digital payments are now popular than cash as app-based methods become more widely supported. Every major mobile operating system now comes with a built-in payment provider. Adoption amongst banks and retailers is also on the rise.
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Stockholm -
Sweden is on course to become the first cashless country. New figures about ATM machines reveals the country has the lowest proportion of cash dispensers in the developed world.
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The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.
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Oxford -
University of Oxford technologists have designed a prototype device designed to make contactless payments more secure. The device sends secret keys to encrypt information passed from a mobile device to a payment terminal.
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By AFP
Caracas -
Venezuelan President Nicolas Maduro on Sunday named a lawmaker as the country's new central bank chief, after reportedly pushing out the former head as the country struggles through a deep economic crisis.
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By AFP
Caracas -
Inflation-stricken Venezuela released new bigger denomination banknotes Monday to stop citizens struggling with unwieldy wads of cash in an economic crisis.
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London -
The U.K. recently launched a new bank note, valued at £5. The note is smaller and plastic based, replacing the old paper note. Vegans and religious groups have reacted angrily due to the note containing animal products.
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By AFP
Sofia -
Bulgarian authorities said Tuesday they had seized a record amount of over 13 million euros' ($14.4 million) worth of counterfeit notes, most of them recovered by scuba divers in a reservoir.
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London -
After centuries of paper-based bank notes, the U.K. will gradually introduce plastic notes. This begins in September 2016 with the £5 note. The notes are designed to be cleaner and stronger.
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London -
The "Amon Carter" Flowing Hair Silver Dollar is the most valuable coin in the world and it has gone on display at a museum in London.
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By AFP
Belgrade -
An elderly hermit living in a mud hut in the Serbian mountains inherited a fortune from her estranged husband in Australia -- but swiftly gave it all away to live off her meagre pension, local media reported.
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By AFP
London -
William Shakespeare, the Great Fire of London and the Battle of Hastings will appear on British coins this year, marking major anniversaries in the country's history, The Royal Mint announced Friday.
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Think of Wall Street, "dot coms," technology stocks — all big in the 1990s. But today? It would seem that most of the dollar billionaires of this era are no longer as wealthy.
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On Wednesday, Netflix reported that it saw around 300,000 less signups in the United States than it had expected in the last quarter. One of the reasons why growth was slow is because of the ongoing switch to chip-based debit and credit cards.
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The movie box office continues to change as 2015 plays on. The domestic box office chart currently has five movies in the top 50.
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UPDATE: "Hotel Transylvania 2" booked even more than the weekend estimate. It took in $48.4 million while "The Intern" left work earlier than before. "The Intern" nabbed $17.7 million, according to the actuals.
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It was not quite a scorching win for Dylan OBrien, but he did beat out Johnny Depp at the box office this weekend. O'Brien's "Maze Runner: Scorch Trials" beat out Depp and "Black Mass" to score a win.
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The box office is coming alive a bit as the to newcomers beat studio projections and made it a battle. "The Perfect Guy" seems like the winner.
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Money Image
Honesty is the best policy - this 53-year-old lady found an envelope containing 175,000 euros, lost by a local pensioner. She returned it and received a 10 percent honesty payment. Video screengrab
US $500 Dollar Bill US Government
Bank robbers begin throwing money out the their vehicle as they are pursued by police. Screen Capture
Cut to pieces. One less credit card.
A wallet full of money Wikimedia Commons
Residents begin running up to bank robber's car hoping to have money thrown at them. Screen Capture
Some investors are enthusiastic about crowdfunding; others, less so Pixabay / Pexels
50 euro bank notes in the hand fanned Usien
Tech workers claim companies conspired to keep their wages low. cohdra/morguefile
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