Monevo June Newsletter
Stay on top of global developments in the fintech industry with our newsletter. Bringing our expert insights and updates straight to your inbox.
From the UK:
Bank of England Holds Rates Despite Hitting 2% Target
The Bank of England's decision to hold interest rates despite hitting the 2% target. ??Find out why the BoE is approaching a rate cut cautiously and how it might impact consumers, investors, and the market. Read the full article to understand the implications of this important decision.
Credit card spending continues to rise
Find out how credit card spending is on the rise in the UK and the increasing reliance on credit to manage daily expenses. Learn more in the full article about the latest report revealing significant increases in contactless transaction values and the shifting spending preferences from debit cards to credit cards.??
Inflation falls to lowest level in almost three years
??The latest on UK inflation hitting the Bank of England's target for the first time in almost three years. The economy is a hot topic as general elections are near. Find out how this development could impact your finances and the country's future.
TransUnion UK Launches Industry-First Trended Affordability Data to Enhance Assessments
TransUnion UK is revolutionising credit risk assessments with the introduction of trended affordability data. Learn how this industry-first innovation is enhancing financial decision-making and supporting responsible lending practices. Click here to read the full article and stay ahead in the market!??
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From the USA:
Cash use persists in US beyond pandemic
??The surprising findings of the annual Federal Reserve study on consumer payment preferences in the US. Despite the rise of card and online payments, cash use remains resilient. Find out more about the latest trends in consumer payment behavior in this eye-opening report.
Graphics show how Americans' total credit card debt reached record high
Discover the shocking rise of Americans' total credit card debt to a record high of $1.13 trillion. Find out the contributing factors and the impact on households. A must-read for anyone concerned about financial well-being in the current economy.??
Consumer behaviors and attitudes about current and future household budgets, spending and debt
Learn the latest insights into consumer financial attitudes and behaviors in the US Q2 2024. Find out how rising inflation concerns are impacting household ??budgets and spending, and delve into the key takeaways that shed light on consumer credit behaviors and future financial outlook.
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