8.6 C
New York
Wednesday, December 8, 2021
Home weekly top 5 news The Everly Summary (weekly TOP5 news)

The Everly Summary (weekly TOP5 news)

Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the last week in a TOP 5 list!

Revolut Business launched 3 years ago and has been very successful so far. Last week the company announced that it’s business banking option has hit a new milestone of 500,000 customers.

Curve extended its all-cards-in-one service to loyalty cards. The loyalty system now includes retailers like Tesco, Costa Coffee, IKEA, and more.

PayPal launched its ‘Pay in 4’ to compete with Klarna and other ‘buy now, pay later’ based businesses. About 40,000 young people already have a Revolut Junior account in Ireland. Financial API provider TrueLayer has recorded a serious increase of UK consumers using Payment Initiation (PI) during the lockdown.

1st place: Revolut’s business banking thrives as it hits 500k SME customers

Revolut Business has also launched several new products, updated its interface and navigation and added more mobile functionality.

2nd place: Curve all-in-one system now includes loyalty cards

Curve claims that this innovation has been on the agenda for some time, and takes them one step closer to our mission of connecting the customer’s finances in one place to “swap their wallet for Curve”.

3rd place: PayPal enters the installment market with a new BNPL product

This new service is an expansion of PayPal’s existing products, like PayPal Credit’s revolving credit line and its Easy Payments.

4th place: Revolut Junior account successful in Ireland

Aurelien Guichard, product owner, Revolut Junior, says: “Conversations about money typically start at home and we believe these skills are gained little by little, through experience and with help of parents and guardians.”

5th: Open Banking payments up 832% during lockdown accoring to TrueLayer

The majority of growth (88%) was from people with bank accounts held at incumbent banks such as Lloyds or Barclays, with account holders at challenger banks such as Monzo and Revolut accounting for 12% of growth.

Thanks for joining us and be sure to subscribe to our Twitter account to get more exciting fintech news every day!

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Nik Storonsky wants UK banking license by the start of 2022

Digital bank Revolut is a licensed bank in many countries but still not in the UK where the company is based.

Starling’s Anne Boden says banks must embrace hybrid working

Anne Boden, CEO of Starling Bank, worked in the office from dawn to dusk for most of her life.

Revolut is outpacing rivals in terms of app downloads in 2021

British digital bank Revolut has recorded a 37% increase in downloads of its Android app, new data shows.

The Great British Bounceback: research from Enterprise Nation and Starling Bank

Two-thirds of SME's are confident of increased turnover in 2022, Enterprise Nation and Starling Bank report in new research.