Max Levchin, co-founder of PayPal and Affirm David Paul Morris | Bloomberg | Getty Images Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network. U.S. merchants who use JPMorgan to handle payments can now add…
The Zelle icon is displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The firm said Wednesday that its user base jumped 12%…
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Human resources software firm Deel said it has hit an annual revenue run rate of $800 million and is ramping up preparations to go public with a view to…
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million)…
Trump Media and Technology Group is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the Truth Social parent company, which trade under the ticker DJT, jumped more than 10% in morning trading. President Donald Trump indirectly owns 114,750,000 shares of the company, held in a revocable trust. The financial services…
Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa. X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on…
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images Cryptocurrencies climbed on Tuesday as bullish investor sentiment returned on President Donald…
The crypto market will see a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday. Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, told CNBC’s Arjun Kharpal that he sees…
DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay. Sopa Images | Lightrocket | Getty Images LONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of…
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024. Dado Ruvic | Reuters After a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025. In December, the world’s largest cryptocurrency broke the highly-anticipated $100,000, setting…
