Browse Tag

payment

Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

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3 mins read

The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and spending observed in January, as well as a record $3.8 trillion in total payments in 2021.…

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Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

3 mins read

The FINANCIAL — Bank of America announced their approximately 67 million clients made $294 billion in total payments during February, a 16% increase over February 2021. This follows a 5% increase in total payments in February 2021 when compared to pre-pandemic levels in February 2020. This marks a continuation of the strong consumer payments and…

American Express enhances Early Pay supply chain solution for large companies

1 min read

The FINANCIAL — American Express announced enhancements to Early Pay in the U.S., the company’s supply chain payment solution to give large companies – and their suppliers – the ability to pay and get paid when they want through an easy-to-use digital platform. Initially launched in 2018, American Express’ Early Pay solution has evolved to provide…

Cross-border payments are about to improve

3 mins read

The FINANCIAL — When paying for coffee, we swipe, tap, wave, and soon may wink—a quick and painless exchange of coffee for money. But when paying for imports or sending remittances, we often fill-out forms, wait for days, and pay—too much. Progress to improve cross-border payments has been slow, but is just about to take off.…

Georgia’s economic recovery from the pandemic

2 mins read

The FINANCIAL — Coronavirus pandemic resulted in the most severe global economic contraction of 21 century, however,  the world is slowly recovering from the most drastic global economic crisis since the Great Depression. TBC Capital published the research about tracking the recovery of Georgian economy. Authors of this publication are, Otar Nadaraia, Mary Chachanidze, Aleqsandre Bluashvili and Tornike Kordzaia. …