Fintech has long been a sector on the rise, but could the coronavirus pandemic finally be the thing which makes financial technology the norm for everyone?
UK digital bank Monzo is planning to relaunch its paid-for account, having ditched it in September last year owing to poor customer feedback.
Revolut, the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.
German fintech startup N26 is shutting down its operations in the U.K. Customers who opened a bank account in the U.K. will have to transfer their deposits, spend everything with their card or withdraw money at an ATM, as all accounts will be automatically closed on April 15, 2020.
The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019.
PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay), following approval of the transaction by the People's Bank of China on September 30. With the close of the deal, PayPal is the first foreign payments platform licensed to provide online payment services in China.
This new feature allows customers to make their regular GBP Direct Debit payments straight from their Revolut accounts. These payments could range from paying utility bills, subscriptions, invoices or gym memberships.
Through its long-standing partnership with Mastercard, PayPal is extending its Instant Transfer solution to Singapore and multiple European markets. Through Mastercard Send,™ PayPal customers can transfer funds from their PayPal wallets to their Mastercard cards in real-time
Trustly and digital recycling refund solution iPANT are pleased to announce a partnership that lets people recycle their empty bottles at reverse vending machines (also known as RVMs or pantmaskiner) in their housing complexes and receive their refund directly back to their bank account.
The rise of ‘tap-to-pay’ payments made using smartphones is showing no signs of slowing down. It is estimated that mobile payments will amount to $14 trillion by 2022. To keep up with this trend, banks and issuers must be proactive in offering solutions that suit the evolving needs of their customers.
Swedish mPOS vendor iZettle has launched a recycled card reader made from fishing ropes and nets collected from the North and Baltic seas.
The challenger bank Revolut will be operating as an electric money institution until gets an Aussia banking license
Integration of worldwide payment network and subscription management platform streamlines global payments for subscription commerce
EMV SRC may be a rising star, but to achieve its potential it’ll need a strong supporting cast, says Lars Sandtorv, CEO, MeaWallet.
Apple Pay has overtaken Starbucks as the most popular mobile payment app in the US, according to figures from eMarketer.
To further refine its online banking payment solutions and accelerate the build-out of global coverage, Trustly is pleased to announce the opening of two new tech hubs in Vitória, Brazil and Lisbon, Portugal.
UK challenger Starling Bank has raised £30 million in a new funding round as it firms up its B2B offering and prepares for expansion into European markets.
Ingenico Group is transforming how international ecommerce companies operate in China. By introducing a suite of payment methods that fully caters to the preferences of local consumers, Ingenico will enable online businesses to gain better access to one of the world’s most significant online markets.
Starling, the leading digital bank, has partnered with Nimbla, the insurance industry disrupter, to offer its 65,000 small business customers the peace of mind to know that if their debtors go bust, they will still get paid.