Freelancers are increasingly turning to digital-only banks that offer modern banking services. Digital-only banks provide convenient ways for freelancers to manage their money, from setting up direct deposit to transferring funds and tracking spending. According to MoneyTransfers.com, 85% of US freelancers use digital-only banking services such as online or mobile banking. Jonathan Merry, the CEO […]
Retirement is an exciting time of life that many people look forward to with anticipation. But for those who are nearing or already in retirement, it can also be a time of financial strain. Many retirees are downsizing their homes to help improve their finances to alleviate this burden. According to MoneyTransfers.com, 1 in 4 […]
BNPL is a recent credit solution that has seen increasing popularity in New Zealand. It is attractive to consumers because it allows them to make purchases without needing to pay in full upfront, instead enabling them to spread the cost over a set period of time. However, despite its popularity, some concerns have been raised […]
The real estate sector is one of the major contributors to the UK’s Gross Value Added (GVA). The sector comprises a wide range of activities, from residential and commercial property development to management and investment. However, according to MoneyTransfers.com, the construction sector is also a significant source of greenhouse gas emissions. It is responsible for […]
Small and medium business enterprises (SMEs) in the United Kingdom are facing an uphill battle to remain afloat. According to MoneyTransfers.com, one-fourth of small-to-medium enterprises in the United Kingdom are struggling to survive in 2022. Speaking on the data, Jonathan Merry, CEO of MoneyTransfers.com, said: SMEs are the backbone of the British economy. However, they […]
According to MoneyTransfers.com, finance, insurance, and real estate companies accounted for 30% of all bankruptcies filed in the first half of 2022. However, it’s important to note that the total number of bankruptcies is still relatively low. Most US businesses are doing well despite the challenging economic conditions. So while the increase in bankruptcies within […]
In the latest turn of events, Liz Truss has resigned as UK prime minister after just 45 days in office. This makes her the shortest-serving PM in recent history and brings to light some other interesting statistics about what lasts longer than 45 days on average. For instance, a bottle of champagne can stay unopened […]
According to MoneyTransfers.com’s analysis, the health sector has overtaken Fintech as the most funded industry in 2022. In the third quarter of this year, $16.7billion was invested in Health companies globally, compared to $13.4 billion in Fintech. This is the first time since Q1 2021 that Fintech has not been the most funded industry. Speaking […]
PayPal stock price rose on Monday after the company introduced a new rewards program. The fintech leader introduced PayPal Rewards, a new product it hopes will help boost its growth. The stock rose by more than 4% and reached a high of $83.8. PayPal Rewards program PayPal acquired Honey, a coupon company, in 2019 in […]
Technology industry billionaires have recently seen their net worths plunge as the stock market has taken a nosedive. According to MoneyTransfers.com, the top richest tech moguls in the US have lost a combined $500 billion since the beginning of 2022. The biggest loser on the list is Facebook’s co-founder Mark Zuckerberg, whose net worth has […]