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Bilt Rewards and Mastercard Team Up to Launch the Bilt Mastercard: The First Credit Card with No Fees on Rent Payments

June 24, 2021 Financial No Comments

The Bilt Mastercard can be used at any apartment or rental unit with no transaction fees and earn up to 2x points on rent for redemption on travel, rent credits, or even a future down payment on a home
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Open Banking is picking up steam with Up launching as Frollo’s seventh Data Holder

June 23, 2021 Financial No Comments

Today Frollo, the Australian leader in Open Banking, has announced they’ve made neobank Up available on their Open Banking platform as the seventh Data Holder in Australia. … Continue Reading

Crypto discussions among corporates grew in Q1 2021, yet negativity persists, says GlobalData

June 23, 2021 Financial No Comments

Despite the market volatility, cryptocurrency has gained traction among corporates over the last five years, according to GlobalData. … Continue Reading

Japan credit card payment market to cross US$1 trillion in 2024, forecasts GlobalData

June 22, 2021 Financial No Comments

The credit card payments market in Japan is set to register a compound annual growth rate (CAGR) of 7.6% to reach JPY105.9 trillion (US$1,026.5bn) in 2024, forecasts GlobalData, a leading data and analytics company. … Continue Reading

Global blockchain platform and services market will be worth $199bn by 2030, says GlobalData

June 19, 2021 Financial No Comments

Revenue from blockchain platforms and services is expected to rise from $4bn in 2020 to a huge $199bn by 2030 as businesses seeking to accelerate digital transformation and development spend big on blockchain, says GlobalData, a leading data and analytics company. … Continue Reading

Super reforms to weed out underperformers

June 18, 2021 Financial No Comments

Super Consumers welcomes the passage of the legislation, which is a significant improvement on the status quo. It will weed out many of the underperforming funds in the system and help consumers find better options for their retirement savings. … Continue Reading

Dubai injects capital as Emirates posts huge Covid-year loss

Emirates, famously profitable until now, has slid to a US$5.5 billion loss for the year ending 31 March 2021, a pandemic-ravaged result that compares to US$288 million profit the previous year. It is the airline’s first annual loss in more than three decades. … Continue Reading

Is buy now, pay later a modern debt trap?

June 16, 2021 Financial No Comments

Need to know

  • Financial counsellors say the number of vulnerable customers getting into financial difficulty with BNPL is on the rise

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Rex Revises Forecast To Full-Year Loss

787 ZA001 air to air

Rex said on Wednesday (9 June) that it is now forecasting a full-year loss of A$15 million due to ongoing lockdowns in various parts of Australia due to the COVID-19 pandemic. The airline, which is locked in a battle with flag carrier Qantas and Virgin Australia for inter-state travel, had earlier forecast it would break even for the financial year. … Continue Reading

Air Canada’s Senior Executives Return 2020 Bonuses

June 12, 2021 Financial No Comments

Last Sunday, Air Canada said chief executive officer Michael Rousseau and the company’s current executive vice-presidents ‘have chosen to voluntarily return their 2020 bonuses and share appreciation units.’ … Continue Reading

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