Excellent article. It begs the question, why use Klarma?
26 Aug 2021 10:45 Read comment
The biggest problem is the ease at which fraudsters can open a bank account to receive their ill-gotten gains and immediately transfer the money elsewhere. Banks should be far more careful about allowing fraudsters to open accounts, but it seems that all banks are desperate for new accounts and cut corners when carrying out even the most basic checks.
20 Aug 2021 07:28 Read comment
Be interesting to know how this works for women, who wear the full burka and veil.
04 Aug 2021 08:54 Read comment
A single world currency is only achievable in a world where everyone is equal and all have the same work ethic and the same desires out of life. In other words, Utoipia. Unfortunately, not all people feel the same way. It is why the EU is struggling to work, and less than 10% of the world's population live in the EU. Think of Germany and Greece. When China takes over the world, as it obviously plans to do over the next 100 years, then it will become reality.
19 Jul 2021 09:43 Read comment
In the UK they are known as current accounts. Standing Orders and Direct Debits were introduced in the UK more than 50 years ago, as were ATM's. Salaries and wages have been paid into bank accounts also for 50 years. Electronic transfers were introduced more than 20 years ago. Checks have been obsolete here for a very long time. The only reason that they have been retained at all is lobbying by charities., who claim that it is a significant benefit to them. These days, with so many ways to pay - phone, PayPal, electronic transfer, one wonders why checks are still around.
09 Jul 2021 08:44 Read comment
I do not believe the headline that half of the world will be using mobile wallets by 2025. That means that 3,900,000,000 will be using them in four years time. How about some accurate statistics to back this up.
08 Jul 2021 15:07 Read comment
I have always pay off my credit cards in full each month. As a result, I get a fee free and a zero interest loan for between 25 and 56 days. I also get a guarantee with anything that I purchase, which enables me to get a fee free refund if the goods are faulty, without having to wrangle with shop or the vendor.
21 Jun 2021 00:10 Read comment
I have had a Buy Now Pay Later facility for the last 50 years. It is called a credit card.
18 Jun 2021 08:37 Read comment
Excellent article. Banks need to implement this now. They have delayed and delayed the implementation at no cost to themselves but huge emotional and financial cost to the consumenr.
15 Jun 2021 08:42 Read comment
$1 billion & $23 billion are mentioned. What percentage of the banking market does this represent? I do not believe that either are 'massive' numbers in banking terms.
31 May 2021 08:59 Read comment
Raju OakManaging Director at Shift Thought
Chris JonesManaging Director at PSE Consulting
Rebecca ShaoManaging Director at The Floor
Christian SpaltensteinManaging Director at AFEX Americas
Toby RossManaging Director at Rothschild & Co
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.