Blackcatcard Exchange Feature Enables Seamless Multi-Currency Management for EU-Based Users

In an increasingly borderless economy, consumers and professionals need flexible, real-time solutions to manage currency exchange across digital platforms. The blackcatcard exchange feature, built into the Blackcatcard mobile banking experience, offers users an efficient way to convert currencies at competitive rates directly within their account, without relying on third-party services or incurring excessive fees.
Operated by EU-regulated provider Papaya Ltd., Blackcatcard enables users to access personal EUR IBAN accounts, Mastercard payments, and instant currency conversion tools through a single, mobile-first platform.
Converting funds between currencies often involves delays, hidden markups, or limited availability across mainstream banking apps. The blackcat exchange feature removes these obstacles by offering users real-time currency conversion from within their account, paired with transparent fees and direct integration with their card balance.
Whether users are receiving income in foreign currency, making international purchases, or preparing to travel between Eurozone and non-Euro countries, they can: Instantly exchange funds between supported currencies
View real-time exchange rates before confirming the transaction
Use converted balances immediately with their Blackcatcard Mastercard
Track all transactions within the app's account history panel
The blackcat exchange tool is especially valuable for users with cross-border routines, including freelancers paid in foreign currencies, remote workers traveling between EU hubs, and international students managing allowances from home countries.
Unlike traditional banking options or standalone forex apps, Blackcatcard users can convert and spend directly from one interface, saving time, lowering costs, and avoiding fragmentation between services.
All exchange operations within the Blackcatcard system are conducted under the oversight of Papaya Ltd., a licensed Electronic Money Institution regulated by the Malta Financial Services Authority (MFSA). This ensures compliance with EU financial standards, and all user funds are held in safeguarded accounts.
Users can access their exchange tools from anywhere, with full visibility into rates, fees, and converted balances—ensuring total control and transparency in every transaction.
Blackcatcard is a European digital financial service operated by Papaya Ltd., offering EUR IBAN accounts, Mastercard payment tools, and real-time mobile money management to individuals across borders. The platform supports modern financial needs such as seamless currency exchange, contactless payments, and digital account control via mobile. Learn more about the blackcat exchange and other features by visiting the official site.
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Hamilton Spectator

7 hours ago

• Hamilton Spectator

Canada-Europe security and defence pact to be signed Monday in Brussels

OTTAWA - A security and defence partnership pact Prime Minister Mark Carney will sign with European leaders in Brussels on Monday will be among the most wide-ranging agreements with a third country Europe has ever reached, a senior EU official said on Friday. Carney is flying to Europe Sunday for a Canada — EU Summit, planned for Monday evening with European Council President António Costa and European Commission President Ursula von der Leyen. At the G7 summit in Alberta on Monday von der Leyen confirmed that the agreement will be signed on Monday in Brussels, calling Canada a 'key partner.' 'This is also a moment where we can strengthen Canada's role in Europe's rapidly evolving defence architecture,' said Von der Leyen on June 16. In a briefing to Canadian and European reporters on Friday, a senior European official said there will be two main outcomes from the summit — a joint statement that expresses views on global issues, such as conflicts in Ukraine and the Middle East, as well as the signing of the 'EU Canada Security and Defence Partnership Agreement.' 'This is an ambitious one,' the official said. 'And actually we've had this with a number of global partners, but the one with Canada would be one of the most far reaching of its kind that the EU has ever signed with a third country. It will open up new avenues for joint work on crisis management, military mobility, maritime security, cyber and cyber threats, and defence industrial co-operation.' Carney has been clear that he intends to expand Canada's ties with Europe as its relationship with the United States strains under the weight of tariffs and threats of annexation. Within two days of being sworn in as prime minister in March Carney flew to Europe, meeting with French President Emmanuel Macron in Paris and British Prime Minister Keir Starmer in London. It was during those meetings that he seriously began talking about signing on to Europe's new defence procurement plan known as ReArm Europe. In the throne speech on May 27, Carney's government pledged to join that program, and he told the CBC in an interview that same day he expected Canada to do that by July 1. On June 9, Carney announced a massive investment in Canada's defence budget to push Canada above the two per cent of GDP NATO target this country has promised — and failed — to meet for more than a decade. Joining ReArm Europe is part of that plan, with Carney repeatedly saying Canada can no longer put all its defence spending into the U.S. 'We are in close discussions with our European partners to join ReArm Europe,' he said on June 9. 'That will be an element of diversification. That's just smart. It's better to be diversified. It's better to have options. It's better to have different supply chains and broader partners.' The agenda for the summit posted by the European Council says the security and defence procurement agreement will allow Canada to join a European loan program for joint defence projects. That 150-billion euro program — called Security Action for Europe, or SAFE — is part of the ReArm Europe initiative. The EU official said on Friday that once the procurement agreement is in place, Canada will have to negotiate a bilateral agreement with the European Commission to begin discussions with member states about procurement opportunities. Leaders at the EU-Canada summit are also expected to discuss global trade and the wars raging in Ukraine and the Middle East. They will also commit to fully ratifying the Comprehensive Economic and Trade Agreement, the Canada-Europe free trade agreement known as CETA. Fen Hampson, a professor of international affairs at Carleton University, said Carney also should put the 'pedal to the metal' on ratifying CETA. The deal entered into force provisionally in 2017, but several EU member states still need to ratify CETA at the national level. 'The real challenge there is to get Canadian businesses and also European businesses to take it up … and to start doing more business across the Atlantic, but that also requires political leadership,' Hampson said. 'It hasn't been fully ratified but that's something (Carney) can perhaps impress upon the Europeans.' After Brussels, Carney will travel to The Hague for the NATO leaders' summit, where discussions are expected to push forward on increasing the NATO members' defence spending target as high as five per cent of GDP, from the current two per cent. — With files from Kyle Duggan, Dylan Robertson and The Associated Press This report by The Canadian Press was first published June 20, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

Forbes

10 hours ago

• Forbes

Leadership Falters As Climate Costs Soar And Time To Act Runs Out

CHARLEVOIX, CANADA - JUNE 9: In this photo provided by the German Government Press Office (BPA), ... More German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the official agenda on the second day of the G7 summit on June 9, 2018 in Charlevoix, Canada. Also pictured are (L-R) Larry Kudlow, director of the US National Economic Council, Theresa May, UK prime minister, Emmanuel Macron, French president, Angela Merkel, Yasutoshi Nishimura, Japanese deputy chief cabinet secretary, Shinzo Abe, Japan prime minister, Kazuyuki Yamazaki, Japanese senior deputy minister for foreign affairs, John Bolton, US national security adviser, and Donald Trump. Canada are hosting the leaders of the UK, Italy, the US, France, Germany and Japan for the two day summit. (Photo by Jesco Denzel /Bundesregierung via Getty Images) London Climate Action Week is set to start, showcasing what urgent, inclusive climate action looks like when cities, financiers, and citizens unite. But the energy and innovation on display in London are being overshadowed by growing inaction from global leaders. Just days after the G7 failed to deliver any meaningful policy progress, and as the EU backpedals on its green regulation agenda, a troubling gap is emerging between local ambition and failures of international leadership. This retreat is happening at the worst possible moment. Climate damage costs are skyrocketing, climate science is sounding red alerts, and economic evidence points to a clear win: green investment can grow economies, create jobs, and protect communities. The world's most powerful leaders are not just missing an opportunity, they are magnifying a crisis. To grasp its scale, we need to look at the growing economic cost of inaction. The Price Of Delay And The Need For Leadership Bloomberg Intelligence has estimated that in the year to May 2025, the U.S. incurred close to $1 trillion (or around 3% of GDP) in direct climate-related costs from floods, wildfires, infrastructure damage, and insurance losses. Globally, heatwaves, droughts, and extreme weather are disrupting supply chains, inflating food prices, and undermining financial stability. Insurers have seen annual catastrophe losses surge tenfold since the 1980s. Premiums have skyrocketed, and coverage has shrunk, especially in wildfire and storm prone regions, exacerbating economic disruption and housing unaffordability. At the same time, the European Union appears to be shelving the Green Claims Directive, retreating under political pressure precisely when markets are demanding clear, consistent regulation to guide sustainable investment. This uncertainty discourages capital and undermines momentum. These setbacks comes as the OECD's 2025 Green Growth report shows that climate action could unlock $7.4 trillion per year in investment and job creation if scaled by 2030. Yet rather than harnessing this opportunity, many leaders are hesitating. Nowhere is this hesitancy more evident than in the recent action, or inaction, of the G7, whose decisions ripple far beyond their border G7 Paralysis And The Global Ripple Effect The G7's latest Chair's Summary reaffirms familiar goals, like limiting warming to 1.5°C but offered no timelines, targets, or tools to achieve it. 'Once again, the G7 chose safe, business-as-usual declarations over the bold, future-proof action we urgently need,' said Daniela Fernandez, CEO of Sustainable Ocean Alliance. 'The G7's latest climate commitments reflect a deeper issue,' added Ibrahim AlHusseini, managing partner of climate investor FullCycle. 'Global leaders are increasingly distracted by immediate geopolitical crises, and climate, still perceived as a medium to long-term risk, has slipped down the agenda. But this is a dangerous miscalculation.' He added: 'Delay is not neutral, it's an accelerant of future instability,' with direct consequences for supply chains, migration, and global financial systems. And it's not just experts calling for change. According to the 2024 People's Climate Vote, 80% of people globally want their countries to strengthen climate commitments, and over two-thirds support a fast transition from fossil fuels. Other surveys echoes this: 89% of people across 125 countries support stronger government action, yet many mistakenly believe they are in the minority. This public mandate for bold climate action stands in sharp contrast to the political hesitancy now on display. As political will may be stalling, another sector is responding. What was once viewed as an environmental issue is now a pressing financial risk. Climate Risk Becomes Financial Risk Inaction is not just costly, it is destabilizing. The financial consequences are already unfolding across insurance markets and beyond. "We have already seen residential and commercial insurance premiums rise and availability drop in recent years, in response to growing insurer losses," warns Tom Sabetelli-Goodyer, vice-president of climate risk at FIS. They are early signs of a broader, systemic threat. As climate impacts intensify, they are cascading through the financial system, affecting asset valuations, credit risk, and the stability of entire markets. Regulators around the world have begun to integrate climate risk into their frameworks, but last week, the Basel Committee on Banking Supervision, the global standard-setter for financial regulation, added its voice with a new framework for the voluntary disclosure of climate-related financial risks. While non-binding, the guidance marks a significant step and reinforces a clear message: climate risk is no longer just environmental, it's financial. As Julia Symon, head of research and advocacy at Finance Watch put it: 'Without clear, consistent data, supervisors are flying blind, unaware of the real risks building up on balance sheets.' The Climate Clock Is Ticking Scientific indicators confirm the urgency and the danger of delay. The 2024 Indicators of Global Climate Change report shows that the average global temperature from 2015 to 2024 reached 1.24°C above pre-industrial levels, with human activity responsible for nearly all of it. In 2024 alone, global temperatures spiked to 1.52°C, temporarily crossing the critical 1.5°C threshold. More troubling still, human-induced warming is accelerating at an unprecedented rate of 0.27°C per decade, the fastest rate ever recorded. At current emissions levels, the remaining carbon budget for staying below 1.5°C could be fully exhausted within just two to five years, depending on assumptions. Scientists also point to a growing Earth energy imbalance and early signs of amplifying climate feedback loops, such as ocean heat uptake and ice melt, which could further lock in extreme changes. The window for keeping global heating within safe limits is narrowing quickly. Yet even as time runs short, the economic case for prompt action continues to strengthen. Green growth offers a rare convergence of climate responsibility and financial return. Green Growth: A Trillion-Dollar Opportunity The OECD Green Growth report emphasizes that investing in clean energy and green infrastructure is not just responsible, its smart economics. Clean energy investment now outpaces fossil fuels, and 90% of global GDP is covered by net-zero targets. The report outlines how aligning financial systems with climate goals could unlock $7.4 trillion annually in investment by 2030. 'Green growth is an approach that seeks to harmonize economic growth with environmental sustainability and helps to deliver broader development benefits,' explains Jennifer Baumwoll, head of climate strategies and policy at UNDP. Far from hindering development, the green transition can generate resilient jobs, improve productivity, and enhance long-term competitiveness. In short, the report argues that climate action is not a cost but a catalyst for growth. Countries like Mongolia and Lao PDR are already demonstrating what this looks like in practice. In Mongolia, a green finance strategy, backed by the Central Bank and a new SDG-aligned taxonomy, has mobilized $120 million in climate-aligned investment, including the country's first green bond. Green lending is targeted to grow from 2% to 10% of all bank lending by 2030. Meanwhile, Lao PDR is advancing a national circular economy roadmap to reduce waste and resource use while unlocking economic opportunity. If fully implemented, it could create 1.6 million jobs and add $16 billion to GDP by 2050. These pragmatic, investment-ready models of climate action deliver real development gains. Their progress underscores a growing global divide: while emerging economies embrace opportunity, many developed nations are falling behind, precisely when their leadership is most needed. A Shrinking Window And Defining Test Of Leadership 2025 marks a critical juncture. Countries are expected to submit new national climate plans (NDCs 3.0) ahead of COP30 in Belém this November. Yet as of late June 2025, four months after the February deadline, only a small fraction had done so. Intended to reflect increased ambition following the Global Stocktake, most submissions remain overdue, and the ambition gap continues to widen. The UN expects a surge of last-minute filings, but tardiness isn't the only concern. Most existing plans fall short of aligning with the 1.5°C target, and the policy frameworks to deliver them at scale are still lacking. The challenge is not technical though but political. Instead of advancing, many major economies are retreating, weakening targets, delaying regulations, and rolling back commitments just as the case for bold action becomes stronger. Evidence shows that a well-managed transition can boost growth, reduce inequality, and build resilience. Yet that potential is being squandered. What's needed now is not just political courage, but real leadership, capable of driving structural reform and aligning finance with planetary boundaries. Decisive action today isn't only about avoiding catastrophe, it's about exercising leadership that can shape a more stable, equitable, and liveable world. The responsibility lies with those in power to act—not later, but now.

Yahoo

11 hours ago

• Yahoo

Is Visa Stock a Buy Now?

Visa's stock recently dropped on news that major retailers may shift to stablecoins. The payments giant has paid and raised its dividend for 15 consecutive years. Visa has other challenges, too, as it continues to face anti-trust lawsuits. 10 stocks we like better than Visa › Shares of Visa (NYSE: V) dropped by 7% on June 14 after The Wall Street Journal reported that retail giants Walmart and Amazon are exploring the launch of their own stablecoins. The development raises serious questions about the future of traditional payment networks, especially as retailers become increasingly frustrated with the fees associated with them. Let's examine Visa's stance on stablecoins, its recent earnings, and valuation to determine whether its stock is a buy, sell, or hold. Stablecoins are digital tokens designed to maintain a steady value by being pegged to traditional currencies, such as the U.S. dollar. Backed by reserves of cash or cash-equivalent assets such as Treasury securities, they are primarily used to hold value or facilitate transactions within the broader cryptocurrency ecosystem. For retailers like Amazon and Walmart, the idea is that stablecoins could reduce settlement delays, eliminate interchange fees, and ultimately become less dependent on payment processors such as Visa and its closest competitor, Mastercard. Visa's management isn't blind to the shifting landscape. The company offers a seven-day-a-week stablecoin settlement, having recently surpassed $200 million in cumulative stablecoin volume. Visa CEO Ryan McInerney described the nascent, but fast-growing opportunity: It's still early, but we do see real potential, which is why we've been investing in the crypto space broadly in the stablecoin space specifically for many years now. We've built up a team of real experts that I think are very well respected among the ecosystem, but it's early. On the one hand, $200 million is a great kind of milestone. On the other hand, it's still a relatively, a very small portion of our overall settlement volume. Additionally, Visa is actively exploring programmable finance through initiatives like its Tokenized Asset Platform, which aims to help banks securely issue and manage stablecoins. One of its early partners, BBVA Argentina, plans to roll out the pilot stablecoin project with Visa sometime in 2025. While it remains unclear whether stablecoins will achieve widespread adoption, Visa is taking steps to ensure it maintains a central role if they do. Meanwhile, lawmakers in Congress are working on a regulatory framework that would set clear rules for stablecoins, including pathways for private companies to issue them under federal oversight. Despite the potential risk that stablecoins may pose to Visa's core business, its operations remain resilient. In its fiscal Q2 2025 earnings report, Visa posted 9% revenue growth, generating $9.6 billion. Looking at its bottom line, the company generated $4.6 billion in net income, a 2% year-over-year decline, primarily due to a $992 million litigation provision associated with an ongoing multibillion-dollar lawsuit over its interchange fees. When adjusting for that expense and other special items, Visa would have generated $5.4 billion in net income, a 6% year-over-year increase. While slower earnings growth and ongoing legal challenges may disappoint some, Visa's fundamentals remain intact, enabling management to return a substantial amount of capital to shareholders through dividends and share repurchases. Aided by $7 billion in net cash on its balance sheet, Visa's board of directors recently increased the company's dividend for the 16th consecutive year. Today, the company pays a quarterly dividend of $0.59 per share, which equates to an annual yield of 2.3%. With a payout ratio -- the percentage of earnings a company pays out in dividends -- at only 22.3%, investors can reasonably expect annual dividend increases in subsequent years. As for Visa's share repurchases, over the past three years, the company has reduced its share count by 9.2%. And in the most recent quarter, Visa's management spent $4.5 billion (nearly all of its net income) on buying back its stock. Building on that momentum, the board of directors approved a new $30 billion buyback program, reinforcing the company's commitment to boosting shareholder value through continued reduction in outstanding shares. Visa's dominant position in global payments isn't easily threatened. Its massive network, regulatory know-how, and deep ties with banks give it a powerful moat. Even if stablecoins gain traction, Visa has the resources and partnerships to play a central role in how they're issued, transacted, and regulated. Still, the stock isn't cheap. With shares trading at 36 times earnings -- their richest multiple in three years -- much of the bullish outlook may already be priced into the stock. The bottom line? Visa remains one of the most established players in the global payments industry, and its proactive investments in stablecoins suggest it won't be left behind. However, given valuation concerns, investors may want to continue holding on to their Visa stock rather than buying it at its current price. Before you buy stock in Visa, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Visa wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Collin Brantmeyer has positions in Amazon, Mastercard, and Visa. The Motley Fool has positions in and recommends Amazon, Mastercard, Visa, and Walmart. The Motley Fool has a disclosure policy. Is Visa Stock a Buy Now? was originally published by The Motley Fool