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IndustryUpdate

personal loan delinquencies sur- Marketplace. During the promotion period ending Feb. 28, 2024, users can
passed pre-pandemic levels. Credit obtain a discount voucher reducing the application fee to $0.01. The Crypto
card balances also rose by 9 percent Card allows users to spend crypto like fiat currency with various brands.
compared with November 2022, Users also enjoy a 2.5 percent discounted top-up fee rate and can receive
potentially indicating unsustain- rewards in $ACH tokens for recharging and spending activities. Alchemy Pay
able levels of debt due to holiday mentioned it offers a robust payment network, fast cross-border transactions
spending and high interest rates. and has secured licenses in multiple countries, including the United States.
VantageScore advised consumers to
manage their debt carefully in 2024. COCA, Wirex unveil MPC wallet, non-custodial debit card
Inflation constricts growth, COCA, in collaboration with Wirex, stated that it introduced the world's first
liquidity for banks, CUs multi-party computation (MPC) wallet along with a non-custodial debit card.
This innovative product combines the security of MPC technology with the
Advisory and accounting firm convenience of everyday financial tools, offering a transformative user expe-
Wipfli LLP released two industry rience, COCA stated, adding that users can easily spend cryptocurrency at
surveys on the banking and cred- over 40 million merchants globally without the need for preloading. COCA
it union sectors. In 2023, banking noted that it provides virtual and physical card options, promises a fee-free
M&A activity slowed after record experience, offers fee-free ATM withdrawals up to $200 worldwide, and
years, with 78 percent of surveyed plans to integrate an IBAN for euro transactions. COCA and Wirex believe
banks considering acquisitions in their partnership represents a significant advancement in fintech, enhancing
2024, down from 91 percent the security and functionality.
previous year, researchers found.
Both sectors face challenges due to e&, Fils promote sustainability in digital payments
persistent inflation, rate hikes and e& enterprise teamed up with Fils, a fintech platform, to promote sustain-
increased emphasis on cybersecu- ability in the digital payments sector. The collaboration will integrate Fils'
rity; talent management and tech- platform into e& enterprise's digital payment platform in the UAE. The
nology adoption are also shared partners expect this will enable businesses to provide customers with infor-
concerns. The surveys involved 390 mation on carbon emissions per transaction and the option to offset their car-
financial institutions in 28 states for
banks and 83 credit unions in 20
states for credit unions.
Gen Z connections opening
doors in China
According to Youth Power, a pro-
gram organized by China Daily,
young people from various coun- PAYMENT FORM GENERATOR
tries and backgrounds are integrat-
ing into Chinese culture and soci-
ety, dispelling stereotypes and con-
tributing to diplomatic relations. EASY TO USE:
The pandemic's end strengthened
China's connections with other We Host Page
countries through infrastructure,
education and interpersonal ini-
tiatives, the media organization Pay Link
added. People-to-people exchanges
are critical for economic collabo- Embed Code
ration, China Daily further noted.
Youth Power promotes global com- Inventory
munication and exchange, focusing
on Gen Z's interests and ideas. Level Ill
PARTNERSHIPS ACH
ACH

Alchemy Pay, Binance Pay intro-
duce crypto card mini app C A L L F O R T R A I N I N G
Alchemy Pay launched the Crypto 8 0 0 - 2 9 6 - 4 8 1 0
Card Mini app in collaboration
with Binance Pay, on the Binance
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