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Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia

Goldman wants out of Apple deal and Adyen to go live with Tap to Pay on iPhone in Australia

Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing." Goldman Sachs invested heavily in its consumer lending projects, most notably on the Apple Card but also in others such as a

Navigating the Storm: FinTech's Uncharted Waters

Navigating the Storm: FinTech's Uncharted Waters

The FinTech landscape is buzzing with the echoes of disruption, change, and a certain tumultuousness that has investors on edge. A cascade of events has unfurled in the sector, starting with Adyen's palpable $13 billion evaporation in market cap last month, a swift reaction from stakeholders when it

UPI's Road to 10B Transactions

UPI's Road to 10B Transactions

The launch of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI) in 2016 marked a paradigm shift in India's payment ecosystem. Necessitated by the fragmented and complex nature of existing payment systems like RTGS, IMPS, and NEFT, UPI aimed to amalgamate various payment

The Battle for Payment Processing Dominance

The Battle for Payment Processing Dominance

Last year, in a bid to counter competitors like Dutch firm Adyen, PayPal cut prices in its payment services sector. This move seems effective, but its implications remain in question. In the realm of payment processing, margins are slim. In 2022, PayPal's net revenue was $27.5 billion,

Pix Achieves 100% Acceptance in Major Online Stores, Tying with Credit Cards

Pix Achieves 100% Acceptance in Major Online Stores, Tying with Credit Cards

Mastercard CFO Critiques India's UPI System

Mastercard CFO Critiques India's UPI System

India's Universal Payment Interface (UPI) has garnered both praise and criticism from the global payment giant, Mastercard. At a recent UBS conference, Mastercard's CFO, Sachin Mehra, commended UPI for its role in digital transformation. However, he expressed concerns about its long-term financial viability. What is UPI?

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Klarna’s AI-powered shopping update + Apple’s Open Banking feature launched in the US🇺🇸

Good morning FinTech Fanatic! Let's start the day with news from the US where Apple Wallet now allows Discover US credit card customers to view their card balance and transaction history, following a functionality already launched in the UK. The feature is part of the iOS 17.1