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Payments and digital banking company Klarna says its Klarna Card now has 5 million customers.
In announcing the milestone Thursday (March 19), the Swedish FinTech said this highlights rapid adoption by consumers seeking more control over their money.
“The pace of adoption shows a clear shift in how consumers want to manage everyday spending,” David Sandström, chief marketing officer at...
Prediction market Polymarket has signed a new agreement with Major League Baseball (MLB).
This agreement makes Polymarket the baseball’s official prediction markets exchange, the league announced Thursday (March 19).
“A key component of the partnership between MLB and Polymarket will be establishing a comprehensive integrity framework, which includes working together to restrict...
House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury.
In a hearing held on Wednesday (March 18), the House Financial Services Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity examined the Treasury-Fed Accord, a 1951 agreement designed to separate monetary policy and government debt management....
Retailers today are operating under intense margin pressure from multiple directions.
eCommerce has introduced higher fulfillment and return costs, while supply chain volatility has increased inventory risk. At the same time, consumers have been conditioned by years of price competition and digital transparency to expect both low prices and frequent promotions.
This creates a...
Klarna has lost four executives since January, Bloomberg reported Thursday (March 19), citing updates in LinkedIn profiles.
Andrea Ferraz Estrada, head of investor relations and M...
Paythru, a payments orchestration platform focused on electric vehicles (EVs), has partnered with Visa to create a white-label fleet wallet for EV charging payments.
The fleet wallet is designed for fleet operators and mobility platforms, Paythru said in a press release.
The wallet lets fleet drivers charge at any EV charging point; make other mobility payments defined by their...
OpenAI says it is acquiring Astral, a startup that creates Python tools for developers.
The deal, announced Thursday (March 19), is part of the company’s increasing focus on coding, and is designed to integrate Astral’s team with OpenAI’s Codex project.
“Our goal with Codex is to move beyond AI that simply generates code and toward systems that can participate in the entire development...
Crypto.com is cutting around 12% of its workforce as it concentrates more on AI.
The job cuts are the result of the company joining other firms who are “integrating enterprise-wide AI,” company CEO Kris Marszalek said in announcing the layoffs Thursday (March 19) in a post on social media platform X.
“Companies that do not make this pivot immediately will fail,” he wrote. “Companies...
Cost-effective, streamlined and data-rich cross-border payments have long been the holy grail of global commerce.
Stablecoins, after all, have been able to basically make their name on just their promise alone to innovate and disrupt the cross-border settlement space. As recently as Tuesday (March 17), PayPal expanded the availability of its dollar-backed stablecoin PayPal USD (PYUSD)...
Visa has launched Visa Intelligent Authorisation (VIA) in Europe, less than two weeks after introducing this new capability on the Visa Acceptance Platform.
VIA enables modern payment processing through a single application programming interface (API) so that acquirers with legacy payment authorization systems don’t have to undertake costly infrastructure rebuilds, the company said in...