Tagged: spending

April 17, 2025 @ 11:10 am By Omar Faridi  |  

UK Fintech Wise (LON: WISE), the global technology company building (what it claims to be) the best way to move and manage the world’s money, recently unveiled the launch of ‘Spend with Others’, a feature that has reportedly been designed to simplify shared spending for… Read More

April 14, 2025 @ 9:06 pm By Omar Faridi  |  

The CommBank Household Spending Insights (HSI) Index rose 0.9 per cent in March, buoyed by a lift in recreation and hospitality spending off the back of Melbourne Grand Prix and the return of the winter football codes. Modest gains were seen across all 12 spending… Read More

March 4, 2025 @ 7:59 am By Omar Faridi  |  

UK Finance has released its latest Household Finance Review for Q4 2024, which explores trends in household spending, saving, and borrowing. UK Finance noted in the update that the mortgage market strengthened in Q4 2024, with both first-time buyers and home mover numbers “up by… Read More

January 23, 2025 @ 5:26 pm By Omar Faridi  |  

Financial operations platform Ramp introduced Ramp Treasury, which is described as a new solution that radically improves how most businesses store and manage their operating cash. With Ramp Treasury, businesses can store cash in a business account that earns “2.5% or in an investment account… Read More

January 15, 2025 @ 4:49 pm By Omar Faridi  |  

The CommBank Household Spending Insights (HSI) Index fell by 1.8 per cent in December 2024 after a “strong” Black Friday sales spending boost in November of last year. As noted in the latest report from Australia‘s CommBank, the fall was driven by an “8.3 percent… Read More

December 30, 2024 @ 12:01 pm By Omar Faridi  |  

Visa (NYSE: V), a global enabler of digital payments, announced its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This year, Visa’s preliminary insights indicate that the “overall holiday retail spend in the U.S. increased 4.8% year over year.” This is across all forms… Read More

December 28, 2024 @ 4:22 pm By Omar Faridi  |  

According to preliminary insights from Mastercard (NYSE: MA)  SpendingPulse, U.S. retail sales excluding automotive increased 3.8% YoY from Nov 1 through Dec 24. Mastercard SpendingPulse reportedly measures in-store and online retail sales, representing “all payment types and is not adjusted for inflation.” Michelle Meyer, chief… Read More

December 21, 2024 @ 3:11 pm By Omar Faridi  |  

Bank of Ireland clients reportedly spent more in 2024 on Black Friday to Cyber Monday weekend, up a substantial 4.7% on the past year, while spending by Bank of Ireland customers for the month of November 2024 was up as well by a significant 5.6%… Read More

December 12, 2024 @ 7:51 am By Omar Faridi  |  

The most common last-minute spenders during the festive period based on 2023 spending data were 36-45 males, according to an update from the Bank of Ireland. This may not come as a surprise due to the general increase in consumer spending seen during the end… Read More

December 11, 2024 @ 8:12 am By Omar Faridi  |  

Wayne Pommen, Affirm’s (NASDAQ: AFRM) Chief Revenue Officer, noted that the holiday shopping season is here and for retailers, it’s “make-or-break time.” Pommen also mentioned in a blog post by Affirm that despite recent inflation and economic uncertainty, retail spending is expected to “stay strong.”… Read More

December 4, 2024 @ 9:48 am By Omar Faridi  |  

From Black Friday through Cyber Monday (BFCM), Stripe reportedly processed 465 million transactions with a total payment volume of over $31 billion. Stripe claims that it was the “largest ever” four-day period on Stripe. Stripe’s public microsite and custom BFCM machine tracked results in real-time,… Read More

December 2, 2024 @ 4:16 pm By Omar Faridi  |  

Consumers valued various special deals this Black Friday, as digital commerce revenue grew +14.6% compared to 2023, according to an update from Mastercard (NYSE: MA). As noted in the preliminary insights from Mastercard SpendingPulse, U.S. retail sales excluding automotive were “up +3.4% on Black Friday,… Read More

November 20, 2024 @ 5:22 am By Omar Faridi  |  

Australians are freeing up more of their wallet for discretionary purchases with a focus on value and convenience, according to the CommBank iQ Cost of Living Insights analysis. Overall spending continues to trail inflation, up by just “1.5 per cent compared to the same time… Read More

November 8, 2024 @ 6:05 pm By Omar Faridi  |  

Analysis by Experian and Reward reveal key shopping trends ahead of crucial ‘Golden Quarter.’ Informative and timely insights from Experian, in partnership with Reward, reveal that consumers – despite the festive tradition of heading to the high street – are likely to do “more of… Read More

September 27, 2024 @ 9:50 am By Omar Faridi  |  

New research released by KPMG provides insight into whether consumers would reduce some of the buying and saving behaviors that have become more prevalent during the cost of living crisis, if they had more disposable income available to spend. KPMG UK’s Consumer Pulse survey gauged… Read More

September 26, 2024 @ 7:58 am By Omar Faridi  |  

As summer comes to a close and the nights draw in, new research from NatWest Premier reveals that half (50%) of Brits admit “to overspending, with fear-of-missing-out being the primary driver for 25%.” Furthermore, around one in five agree “that the pressure to keep up… Read More

August 19, 2024 @ 11:32 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks “a significant step forward in Klarna’s mission to disrupt retail… Read More

July 10, 2024 @ 11:51 pm By Omar Faridi  |  

After a “record breaking” 3-night run at the Aviva Stadium that left concert goers still trying to ‘Shake Off’ the Taylor Swift effect, the latest Bank of Ireland Spending Pulse analyzing debit and credit card spending reveals the economic impact of her visit. Analyzing 27th… Read More

June 24, 2024 @ 8:37 am By Omar Faridi  |  

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by online prepaid payment firm Recharge. The survey of 2,000… Read More

June 9, 2024 @ 5:43 pm By Omar Faridi  |  

TrueAccord’s machine learning engine, HeartBeat, ​​reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More