N26, the German online bank, saw its losses widen in 2021 as the company increased its investments in growth and compliance. N26 earnings In a report, the German company said that its net revenue surged by 67% to 120.6 million euros in 2021. the firm made 72.1 million euros in the previous year. This growth […]
The American labor market has millions of opportunities every month. However, according to an analysis by MoneyTransfers.com, the number of job openings in America fell by 1 million in August 2022. July saw 11.17 million opportunities compared to 10.05 million openings in August. Speaking on the report, MoneyTransfers CEO Jonathan Merry said: The decline in […]
Even though women have made significant strides in the workforce over the past few decades, they are still woefully underrepresented in many industries – including finance and technology. According to MoneyTransfers.com, 72% of fintech workers in the United States in 2022 are male. Speaking on the data, Jonathan Merry, CEO of MoneyTransfers, said: Gender inequality […]
The US government has been borrowing heavily in recent months to offset the impact of the coronavirus pandemic, with stimulus measures and other spending pushing the debt level ever higher. According to MoneyTransfers.com, the US national debt has crossed the $31T mark for the first time in history. The rise of debts has led to […]
Remittances to Bangladesh have underperformed this year even as the number of people moving to other countries rise. According to the central bank, remittances to the country dropped by 25% to $1.54 billion in September from $2.04 billion in August. This decline made September the worst month for remittance inflow to Bangladesh. In total, the […]
According to an analysis by MoneyTransfers.com, developing Asia’s economy is predicted to grow faster than China’s for the first time in 30 years at 5.3%. This is in contrast to China’s estimated 3.3% growth in 2022. MoneyTransfers CEO Jonathan Merry says: China’s growth has been slowed by sporadic Covid-19 outbreaks and renewed lockdowns. This has, […]
Soaring interest rates and high prices are making used cars unaffordable for a growing number of car buyers. CarMax, the biggest used car dealer in the US, reported on Thursday that earnings had dropped 54% and they sold 6.4% fewer cars this quarter compared to a year ago, CNN reported. According to the company, the […]
Wise share price surged to the highest level since January 19 of this year after the company published strong guidance. The stock rose to a high of 700p, which was about 145% above the lowest level this year, making it one of the best-performing companies in the UK. Wise defies gravity Wise, formerly known as […]
NuBank, the biggest digital bank in the world, has reached 70 million customers globally. The firm, which is backed by Warren Buffett, said that its customer growth has continued across its operating countries like Brazil, Mexico, and Colombia. In a statement, the firm said that it had over 66.4 million customers in Brazil, which was […]
The growing problem of fraudulent transactions involving mobile and online banking in the UK is more than a royal nightmare. According to a new analysis by MoneyTransfers.com, fraud losses at British banks increased 8% overall this year to 1.3 billion pounds. The CEO of MoneyTransfers.com, Jonathan Merry, said, The scale of financial crime in the […]