U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, notched up 1.5% year-on-year (YOY) in the third quarter.
Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.
Irish consumer spending continued to increase at a sharp pace during October as household expenditure rose +6.8% year-on-year (YOY). This represents the fourteenth month of unbroken growth which has been recorded since the series began in September 2014.