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Revolut’s ongoing international expansion plans now include the United Arab Emirates (UAE).
The London-based FinTech giant has been granted in-principal approval for licenses from the Central Bank of the UAE, Revolut announced in a Tuesday (Sept. 9) news release.
“Receiving these in-principle approvals from the Central Bank of the UAE is a pivotal step for Revolut in the region,” ...
Chime has begun rolling out a new Chime Card that includes 1.5% cash back rewards on rotating categories for Chime+ members.
The cash back rewards are tracked automatically in the Chime app and join other Chime+ benefits like 3.75% APY on savings, fee-free overdraft protection with SpotMe, early access to pay with MyPay, priority support and access to exclusive Chime Deals, the company...
Watch more: SMBs and Credentials — Fixing Friction Before It Fails You
A payment transaction can easily become a point of failure for small- to medium-sized businesses (SMBs). Payment processing errors and overlooked mistakes are not merely minor inconveniences; they represent tangible financial losses and a direct threat to the sustained success of smaller enterprises.
Jacob Muff,...
Watch more: Small Door Raises $55 Million to Keep Pets Out of the Doghouse at the Vet
The U.S. veterinary care market is vast by any measure, with roughly 32,000 practices serving more than 94 million pet owners. Most practices are small, independent “mom and pop” shops, while the rest are consolidated under large corporate owners or private equity roll-ups.
For the typical pet parent...
Headlines swirl with urgency around real-time payments, but the reality is that most banks are still dragging their feet. While financial institutions (FIs) say instant payments are a top priority, the number that have made the necessary system upgrades remains far lower.
The gap between intent and execution is emerging as one of the most pressing challenges in the race to modernize U....
To some Americans, including leading economists, Europe had it right. Work-life balance with long vacations. An enviable social welfare net. Happier. And even capitalism worked better there with more competition and lower prices. Some of our views of Europe were shaped by pleasant vacations and going to conferences.
On January 30, 2024, Paul Krugman, in this New York Times column,...
Large language models don’t just make mistakes. They sometimes invent answers with striking confidence. A new paper from OpenAI researchers Adam Tauman Kalai, Ofir Nachum, and colleagues argues that these “hallucinations” are not mysterious glitches but predictable byproducts of the way today’s artificial intelligence (AI) systems are trained and tested.
The report, “Why Language...
When it comes to borrowing, timing has always mattered. But today, it’s not just about interest rates, loan terms or approval odds. It’s about speed.
Increasingly, borrowers don’t just want their funds fast; they expect them instantly.
The latest PYMNTS Intelligence in the 2025 Money Mobility Tracker®, “Race Against Time: How Urgency Shapes the Demand for Instant Lending Payouts,” a...
Amazon reportedly invested a $25 million convertible note in Colombia-based Rappi, which provides last-mile delivery of groceries and restaurant meals in Latin America.
The deal allows Amazon to buy as much as 12% of the company via warrants if certain milestones are met, Bloomberg reported Monday (Sept. 8), citing unnamed sources.
Reached by PYMNTS, Amazon declined to comment on the...
Consumers in August loaded up on revolving debt, a category that includes credit cards, as they reversed a slowdown, and in some cases, paydowns, on their balances.
New data released Monday (Sept. 8) by the Federal Reserve shows that, in July, consumer credit increased at a seasonally adjusted annual rate of 3.8%. This marks a big acceleration from the 2.3% increase registered in June...