Below are news related to the fintech industry this week.

Inflation Scare or Real inflation?

U.S. consumer price index (CPI) numbers for April were published earlier this week. The CPI was 4.2% higher than the same time last year. Such a rise was previously observed during the 2008 financial crisis when the U.S. was in…

Below are news related to the fintech industry this week.

General News

Fintech companies PayPal and Square reported earnings this week.

PayPal earnings report

PayPal (PYPL) reported $6.03B revenue with a 31% YoY growth and a net income of $1.1B with a 1206% YoY growth.

Significant highlights from quarterly earnings,

By numbers

  • Total Payment Volume(TPV) of $285 Billion.

-eBay contribution to TPV this quarter…

Below are news related to the fintech industry this week.

Big tech companies reported their quarterly earnings ( GOOGL, MSFT, AMZN, AAPL,FB)

Major tech companies reported their earnings this week. Most tech companies registered in this article except Facebook are well above their pre-pandemic Net Income growth rates. …

Below are news related to fintech industry this week.

General News

Bank Earnings

Last week big American banks reported their quarterly earnings. Some of the common sentiments shared by the business leaders in the banking world on earnings call were as follows,

(a) Bullish on economic recovery: Banks expected a faster recovery than previously…

Background

QR (Quick Response) found its origin in Japan to overcome the limitation of Barcodes. Barcodes solved a significant problem in retail cash registers wherein the cashier could scan the barcode on an item at checkout. The price associated with that item would get displayed, tremendously decreasing the checkout times. …

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