Warren Buffett bought stake in gold mining company
Warren Buffett is known for his criticism of gold and silver. But in 1997 he purchased $130 million of troy…
Why online shopping sucks?
Temptation to buy more and more leads to accumulation of useless possessions. We buy more than what we need for…
How to lose money from your savings account?
One of the worst but most used way is to store your wealth in cash (bank account). It’s wildly popular…
How American Express make money?
American Express Inc is financial services provider with worldwide presence. Established in 1850,headquarter in New York. IPO 1978 and listed…
How banks make money on your debit card
Debit card is like plastic money without need to carry cash. Every time swipe, you use funds which already available.…
How banks make money on your credit card
Credit and debit cards look similar but influence differently on wealth utilisation. Credit cards issuing companies mastered a few main…
Debit vs credit card basics
A few decades long discussion,over which type of card better fuelled by massive banks ads. For instance debit card better…
Visa Inc business model
Visa Inc is global payment technology company established in 1958 headquartered in California. It’s second largest payment network after China…
How Visa, MasterCard, American Express make money
Digital payment era reshaped by payment networks like Visa, MasterCard, American Express and China Union. Due to Forbes market share…
Cashless countries
Electronic payment options revolutionized cashless payments world wide. But homosapiens used cashless payments in form of barter since first exchanges…