Visa Names Novo the Overall Winner in the U.S. via the Visa Everywhere Initiative Challenge

The no-fee banking platform Novo has been selected as the overall winner of the 2019 U.S. edition of the Visa Everywhere Initiative (VEI).

Wirecard signs cooperation agreement with SoftBank's Brightstar

Wirecard has signed a memorandum of understanding with SoftBank’s Brightstar and anticipates “significant transaction volume” out of the deal.

China’s central bank issues a 3-year FinTech development plan

The People’s Bank of China (PBOC) on Thursday released (in Chinese) a three-year plan with the aim to strengthen support for the fintech sector and curb its risks.

Xiaomi banks on phone data for finance play in India

China’s Xiaomi is poised to launch a consumer lending business in India in the coming weeks.

Barclays ends partnership with cryptocurrency exchange Coinbase

Barclays is ending their relationship with Coinbase that started in March last year as the exchange expanded in Europe, according to sources familiar with the matter.

Apple, Goldman Sachs start issuing Apple Cards to consumers

Apple and Goldman Sachs rolled out a virtual credit card, which will help Apple diversify from device sales and also build out the Wall Street bank’s new consumer business.

Currency Research has released The Cash Industry in Transition report

The report explores the evolution of the cash industry as digital payments gain a stronger foothold worldwide and outlines the internal factors influencing the cash industry today.

Indonesia's Go-Jek to announce tie-up with Thailand’s largest lender Siam Commercial Bank

Indonesian ride-hailing app Go-Jek and Thailand’s largest lender, Siam Commercial Bank are set to announce a strategic partnership on Thursday, the companies said.

Uber partners with BBVA, Mastercard to offer debit cards in Mexico

Uber is partnering with BBVA and Mastercard to launch a debit card for drivers in Mexico, the company’s latest gambit to promote banking in a country that runs on cash.

Singapore to allow virtual banks as part of move to open up market

Singapore’s central bank plans to issue up to five digital bank licenses to suitable applicants, a move that could deliver the biggest shake-up in a market dominated by local banks.

Facebook crypto plans turn up heat on EU banks over real-time payments

The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said.

NatWest pilots biometric payment card

UK bank NatWest is piloting in-card biometric technology that lets customers verify point-of-sale transactions with their fingerprints.

Volt announces launch of its agnostic Open Banking payments platform

Volt will enable access to more than 4,000 European banks through its single API and is the first platform of its kind built from first principles.

SWIFT teams up with major banks, SGX to trial blockchain voting

Financial messaging giant SWIFT has teamed up with the Singapore Exchange and four banks to trial a platform for e-voting based on blockchain tech.

JP Morgan Chase launches its own cryptocurrency 'JPM Coin'

JPMorgan Chase has created a digital token, the JPM Coin, that will be used to instantly settle transactions between the bank's wholesale payments business clients.

Digital bank Tandem eyes IPO as customer numbers continue to surge

Digital bank Tandem has unveiled plans to float on the stock market within the next five years, as interest in fintech companies continues to swell.

London remains top destination for European tech funding

London remained the top destination in Europe for technology investment in 2018, followed by rival Berlin.

Challenger bank Monzo has quietly begun working on a U.S. launch

Monzo, the U.K. challenger bank with more than a million customers and a unicorn valuation to boot, has quietly began working on a U.S. launch.

RBS applies for German banking licence ahead of Brexit

Royal Bank of Scotland has applied for a German banking licence to help it retain clients in the European Union in the event of a no-deal Brexit.

Google receives e-money license from Bank of Lithuania

Google Payment Lithuania UAB has just received an Electronic Money Institution license from the Bank of Lithuania.