Greece to Cap Banking Fees to Ease Financial Pressure on Consumers
In the budget it passed for next year, Greece will implement caps on certain banking fees to help mitigate the cost-of-living pressures faced by consumers. Although Greek financial institutions had already moved to reduce some of the fees they charge customers, the country’s Prime Minister, Kyriakos Mitsotakis, said these measures didn’t go far enough. As […]
Walmart’s Fintech One Is Poised to Take Off in 2025
Walmart’s majority-owned fintech, One, is set to receive a fresh infusion of capital next year, fueling speculation about the future direction of the retail giant’s financial arm. The first step will be the relaunch of the Walmart credit card after the severing of an alliance with Capital One last year. According to Bloomberg, One is […]
Shifting Trends: Credit Cards and P2P Payments Take Center Stage
Financial institutions are exploring new ways to attract younger savers, and their payment habits are evolving in turn. Credit cards have now edged out debit cards as the preferred choice, even among younger generations. Additionally, digital wallets and peer-to-peer methods like Venmo and PayPal are gaining significant traction in this demographic. Velera’s Eye on […]