Fintech firm Chime Financial surged 37% in its Nasdaq debut, closing at $37.11 and signaling renewed momentum in the US IPO market amid strong investor demand.
#YonhapInfomax #ChimeFinancial #NasdaqDebut #IPOMarket #MarketCapitalization #InterchangeFees #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67382
Navigating the Evolving Fintech Landscape in 2024

After years defined by explosive growth and disruption, the business environment for fintechs is shi...

Finextra Research
Are credit card rewards really benefiting everyone? 🤔💳💰💸 Our latest blog post delves into the debate on interchange fees and how they may be hurting the poor.
https://www.eliza-ng.me/post/interchangeandf/
#creditcards #rewards #interchangefees #poverty #debate
Are Credit Card Rewards Hurting the Poor? The Debate on Interchange Fees

Credit card rewards: A regressive tax on the poor? Visa and Mastercard, the world’s largest payment processing networks, have long been the target of criticism for their high interchange fees. Interchange fees are the charges that merchants pay to accept credit and debit cards as forms of payment. Typically, these fees, which are levied by the card issuer and passed on to the merchant, range from 1.5% to 3% of the transaction amount.