“When it comes to how millennials spend their cash, 73 percent prefer to use a debit or credit card, with the average person owning three credit cards. Some of the biggest purchases on credit cards include clothes (56 percent), travel (53 percent), tech (52 percent) and restaurants...
“Google Payment, a company owned by Alphabet Inc., obtained an e-money license in Lithuania, joining a growing number of fintech firms that have secured permission from the Baltic nation to offer financial services across the European Union.” By Milda Seputyte and Jeremy Kahn...
Still, cashless is catching on. A second Amazon Go location in the Financial District, a few blocks west, opened this week. Walmart and Tesco are exploring similar cashless stores. The popular fast-casual restaurant Sweetgreen, the men’s retailer Bonobos, and the Drybar hair salon have...
“Square will lease all the office space in Uptown Station at 1955 Broadway. The San Francisco payments processor will be Oakland’s top tech tenant, with up to 2,000 workers. Payments processor Square signed an office lease Thursday for Oakland’s Uptown Station in one of the city’s...
“This Federal Reserve Payments Study (FRPS) brief updates data on core noncash payment types and systems that support everyday payments by U.S. consumers and businesses. The data show faster growth in electronic payments from 2016 to 2017 compared with previous years. Remote...
