Wonder Why Prices Keep Going U1p? Visa Might Be a Reason.

What we’ll cover today:

🤔 Ever wonder why prices keep going up? Visa might be part of the reason.

💳 The Money is in Lending.

🔑 A Cynic’s Guide to Fintech” by Dan Davies.

🔗 The Event Roundup 

Ever Wonder Why Prices Keep Going Up? Visa Might Be Part of the Reason.

The U.S. Department of Justice (DOJ) filed a major lawsuit against Visa.

They’re accusing Visa of:

• Using its market power to crush competition.

• Charging over $7 billion in fees every year.

• Making consumers and businesses pay more, often without realizing it.

But Visa isn’t staying silent.

Their legal team claims:

• The lawsuit is baseless.

• There’s plenty of competition in the debit market.

However, the DOJ has been eyeing Visa since 2021.

This legal battle could change how you pay for everyday purchases.

Here’s the whole article

1. The Money is in Lending.

This is a tweet by Akshat Shrivastava, the founder of WisdomHatch.com.

In his tweet, he talks about:

“Almost all FinTech firms (young or old) have realised that the money is in lending.

It took FinTech a good one decade to zero in on this model. 

As traditional banks' tech backbone strengthens, they will no longer require FinTechs as they exist today….”

Here’s the whole Tweet

2. A Cynic’s Guide to Fintech” by Dan Davies.

Dan breaks down the range of fintech models and assesses their viability. 

Here’s the whole article

1. How US banks are struggling to keep up with cybercriminals.

Finextra's research, “Financial crime detection: What holds banks back?”, surveyed 300 senior payments professionals across U.S. banks. 

It uncovered that banks believe they are, on average, eight months behind criminals in detecting financial crimes, with larger institutions estimating the gap could be as wide as 23 months.

2. India's FinTech: A $300 billion opportunity?

Fintech is one of the fastest-growing industries in India, with overall revenues expected to grow at a CAGR of 35% from 2022 to 2030. What opportunities does it hold for investors?

3. Sleek is now profitable in Singapore and Raises US$5 Million Debt Financing.

The company simplifies business management through a digital platform that handles company incorporation, accounting, tax, payroll, and more, helping entrepreneurs manage their back-office operations efficiently.