Chime reports maiden quarterly profit on resilient consumer spending

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(Corrects paragraph 8 to say purchase volume, including outbound instant transfer, increased 15 per cent year-over-year to $40 billion, not 12 per cent to $39 billion) By Pritam Biswas and Arasu Kannagi Basil May 6 : Chime posted its first-ever quarterly profit on Wednesday, as resilient consumer spending in the first three months of the year lifted demand for the financial technology firm's digital banking products. Consumer spending remained resilient in the first quarter as individuals and

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Chime banks on resilient consumer spending to post maiden quarterly bottom line https://www.channelnewsasia.com/ - 06.05.2026 23:14