Food-delivery companies did record-breaking business during the pandemic, as millions of homebound Americans embraced the idea of ordering dinner via smartphone apps. Their valuations skyrocketed. They acquired reams of data that helped increase their efficiency. There was just one problem: Even at the height of their success, they weren’t making any money. Now, as the
The issue of financial inclusion is a development policy priority in many countries. However, there is still progress to be made on the financial inclusion front. Customers are increasingly being encouraged to use online, and mobile banking. FIA Technology Services Private Ltd.(FIA Global), a digital payment & distribution systems is a leading fintech company for last mile
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The homebuying process can seem confusing and overwhelming, especially since there are so many moving parts to consider.
Crypto sentiment is at an all-time low. Over the past month, $60 billion vanished in the Luna implosion, crypto lender Celsius suspended withdrawals, and layoffs were announced by several leading crypto companies. With hype and misinformation surrounding crypto, and stark declines in tech company valuations, this moment was coming. But it would be short-sighted to
Digital financial inclusion is defined as digital access to and the use of formal financial services by the unserved and underserved population at an affordable cost (Lauer and Lyman 2015). Notwithstanding numerous policy initiatives undertaken by the Government of India (GoI) to reach the last mile, financial inclusion continues to remain elusive for the common man. While
Fewer Detroiters are jobless following last year’s pandemic-induced downturn, but low wages remain an obstacle for workers, according to a University of Michigan forecast released Monday. Unemployment in the city is returning to pre-pandemic levels and it’s expected to decrease even further in the coming years as a bundle of blue-collar jobs come online. But wages remain a challenge.