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As stores in the UK close, cash usage drops to half

ATM network Link said their customer's usage of the cash machines and cash has fallen by 50% during last week.

Revolut and Monzo combat rumors of their collapse

The upcoming economical crisis caused by the Covid-19 pandemic makes people focus on the financial health of the so far non-profiting fintech companies as Revolut and Monzo are.

Revolut finally launches in the United States

The London-based company Revolut is one of Europe's most valuable fintech startups and has just launched in the U.S.

In 2020, European digital payments will hit $802 billion transaction value

According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.

SoftBank is selling $41bn in assets to cover debt and buyback stock

SoftBank Group announced this Monday it is going to sell up to $41 billion in assets to finance a stock buyback, reduce debts and increase its cash reserves.

Italian Banca Sella now also provides Bitcoin trading

Founded in 1886, Banca Sella is one of the better-known banking institutions in Italy.

JPMorgan Chase closed 1000 branches

JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.

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 week in a TOP 5 list!

Costa Coffee to go cashless as coronavirus spreads

Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK. Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.

HSBC’s overhaul to be delayed over COVID-19

Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.

TransferWise and Alipay became partners to enable money transfers to China

UK-based fintech startup TransferWise has enabled international money transfers to China through a partnership with Ant Financial’s Alipay. Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay.

Revolut launches banking app for children

Revolut has launched a “money management” Revolut Junior product, which can be monitored by parents.
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Curve is set to raise £100m in the upcoming Series C

Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital, according to Sifted.

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!

TransferWise hits $5bn valuation

TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.

Monzo bank future in doubt as losses double

Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.