Brazil’s Pix Set Records, Surpassing Credit Card Transactions Last Year
In its continued success story, Brazil’s instant payment system Pix processed over six billion transactions per month in 2024. A report from Matera, Pix by the Numbers, detailed the platform’s transactions and found dramatic increases in both consumer and business-to-business payments, which were up 94% and 56%, respectively, year-over-year. December 20, Pix reached its high-water […]
Flipping the Script, CardWorks Buys Ally’s Credit Card Business
In a reversal of a deal that was supposed to happen four years ago, CardWorks is now buying Ally Financial’s credit card business. The news follows reports from last December that Ally was seeking a buyer for the credit card division it had acquired in 2021. Ally, which began as GMAC, the lending arm of […]
Digital Assets in North America: Trends, Use Cases and Challenges
The institutional adoption of crypto and digital assets is at a higher level than ever. According to Ripple’s 2024 New Value Survey, the overwhelming sentiment among North American respondents is that digital assets and crypto will have a dramatic impact on business, finance, and society. That being said, there is still some reticence, especially among […]