Fintech

PayPal and Venmo are increasing their instant transfer fees for both consumers and merchants in the United States in the coming weeks, PayPal announced on Thursday. Instant transfers allow customers to transfer their money instantly to a bank account or debit card for a fee. For personal accounts o

Apple is adding another new cashback partner for Apple Card with the addition of Ace Hardware. When customers shop at Ace Hardware in stores, online or in-app, using Apple Card with Apple Pay, they’ll receive 3% cashback through Apple’s Daily Cash. The retailer joins a small lineup of c

Digital mortgage company Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market, according to an email to employees seen by technewss. technewss recently reported that the move was coming. It is unclear at the time of writing ho

Digital mortgage company Better.com is gearing up for another round of layoffs, multiple sources with knowledge of internal happenings at the company have told technewss. This time, the company is believed to be laying off members of the Better Real Estate team and people who work in its refinance

The National Payments Corporation of India, the payments body that oversees the widely popular UPI instrument, has given approval to WhatsApp to extend its payments service to 100 million users in the South Asian market, a person familiar with the matter said. WhatsApp was previously allowed to rol

There's no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from

Front-line workers and those paid in hourly wages rather than salaries have become a prime target in the world of business IT, with a wave of apps helping them find jobs, do their jobs, communicate with each other better. In the latest development, a U.K. startup building what it describes as a fin

Lara Cumberland is leaving her role as head of M&A Integration at Meta (formerly Facebook) to join proptech unicorn Pacaso as its chief operating officer (COO). Cumberland first joined Meta in February 2015, most recently serving as the company's vice president of M&A integration and st

Globalization has been one of the biggest trends in e-commerce in the last decade: internet rails facilitate a much wider marketplace of would-be consumers and a selection of items for them to buy; and to meet that demand manufacturing and logistics have also made great geographical leaps. Now, a s

Diane Yu, CTO of Better.com, is transitioning from her position as chief technology officer to an advisory role a day after the digital mortgage lender announced a voluntary separation program to certain employees, according to an internal memo obtained by technewss. She will remain an “advi

China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. While the country’s digital exporters revel in the boom, they also face challenges. One of their biggest pain point

When Better.com CEO Vishal Garg laid off 900 employees, or about 9% of the company's staff, in early December, the startup world was shocked by his callous delivery. Now a video of Garg and CFO Kevin Ryan addressing the remaining employees right after the chief executive performed those layoffs

The gig economy is experiencing profound growth in Africa. Yet, all that growth hasn't changed the status of workers who are seen as contractors rather than employees. Because many of them, particularly in the two-wheeler space, lack access to some financial services, being contractors is disa

A growing number of people are looking for ways to live more sustainably amid increasing concerns over the environment and what we humans keep doing to pollute it. Today, a startup called Grover, which has built a business around one aspect of that — enticing people to buy and eventually disc