Tide’s turndown of SMB program underscores the limitations of not being a real bank: Because it’s not eligible for Bank of England funding reserved for legal banks, the UK neobank has declined to offer a government-backed repayment choice for small and medium-sized businesses (SMB) that borrowed under a pandemic-era relief initiative. This may motivate Tide to get its license.
Revolut’s new trading fee fix signals focus on turning a profit: The UK-based neobank’s second commission increase in less than a year and its introduction of a percentage-based cost suggests that its focus is shifting from adding customers to making money from them.
The top 10 P2P payment apps worldwide
In 2021, Amazon will account for 41.4% of all US retail ecommerce sales. The tech giant will contribute more than 50% of US growth in online sales from 2019 to 2021. We estimate Amazon’s ecommerce sales will rise by $168.53 billion in that time frame, to reach a staggering $386.40 billion by the end of this year.
On the back of Talkspace’s rosy Q2 results, we dive into a leading growth channel (employers) and how primary care-focused telehealth cos will likely break into niche mental health areas to stay attractive to employers.
Telehealth wasn’t the only healthcare service to benefit from pandemic-induced lockdowns and restrictions in 2020. Retail health clinics—health centers located in retail stores—have grown in popularity as a convenient way to access simple health services.
Retail health clinics + virtual primary care are the perfect pair: CVS rolled out Aetna Virtual Primary Care nationwide—we unpack how this shakes up the virtual primary care space and paves CVS’ path to success in digital health.
The Olympics sees viewership decline: Despite the drop, NBC netted a profit on its ad sales.
Winners of the company’s first-ever AI bias bounty program found Twitter’s image-cropping tool favors young people with thin figures and light, smooth skin. The bounty program could offer a model for other firms to increase transparency and build trust but won’t solve AI bias.
Coinbase goes on an acquisition spree to stay ahead and we expect it will soon close the acquisition of a crypto fund provider.
On today's episode, we discuss Amazon's Q2 performance of its retail business, some takeaways from its Prime offering, and where it stands on its physical stores strategy. We then talk about capitalizing on the subscription box trend, how buy-now-pay-later users are different from credit card users, and if malls really are within striking distance of 2019 traffic levels. Tune in to the discussion with eMarketer director of forecasting at Insider Intelligence Cindy Liu.
The prepaid digital payment system caters to essential transactions like medical payments and food vouchers and can help increase financial inclusion for the country’s unbanked population.