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JPMorgan, Citi, and Wells Fargo Report Strong Card Spending in Q2

JPMorgan, Citi, and Wells Fargo reported strong card spending in Q2, but inflation and recession fears made them pivot to a more defensive posture.

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American Express Revamps Its Blue Cash Everyday Credit Card

The updated version offers more generous rewards for purchases at US gas stations and online purchases.

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Declining Investment Continues As Global Fintech Funding Drops in Q2

Global fintech funding dropped by one-third in Q2 to continue a trend of declining investing this year.

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Mercado Libre Receives $233 Million Loan to Grow Financial Services

Goldman Sachs has loaned $233 million to Mercado Libre as the ecommerce heavyweight looks to grow its financial services presence in the region.

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Afterpay and Klarna Sharpen Focus on in-Store Retail

As the online BNPL space saturates, Afterpay and Klarna are turning to in-store partners to fuel growth.

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