Contactless 'tap-and-pay' card transactions are becoming dominant in India, potentially reaching one-third of all card swipes. This trend is fueled by younger consumers, faster transaction times, and expanding payment infrastructure.
Mastercard is enhancing its credit card transaction settlement capabilities by supporting regulated stablecoins like USDC and RLUSD across blockchains such as Ethereum and Solana, aiming for 24/7 economy operations.
Robinhood introduces Agentic Trading and Agentic Credit Card, enabling AI agents to autonomously trade stocks and make credit card purchases on behalf of users, with plans for expansion beyond equities.
Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war falloutHouseholds cut back on their spending in April at the fastest pace in 16 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested.Barclays, which processes nearly 40% of the UK’s credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. Continue reading...
Dip in credit card spending in April, particularly on travel, suggests Britons preparing for harder times amid Iran war falloutHouseholds cut back on their spending in April at the fastest pace in 18 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK’s biggest banks has suggested.Barclays, which processes nearly 40% of the UK’s credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. Continue reading...
