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The fintech's 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600
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With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market
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The purchase of Online Payments Group will bolster Shift4's international expansion plans, the company's CEO said last week
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The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it targets profitability for next year
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Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence
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