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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.

Revolut’s CFO steps down, cites personal reasons

David MacLean quits Revolut as a chief financial officer after just five months in the role. He has joined Revolut from Metro Bank last July, succeeding Peter O’Higgins.

Mastercard and Samsung partner for Pay on Demand

Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable digital access to consumers and small...

Santander buys majority stake in fintech Mercury TFS

Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.
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Revolut CEO Nik Storonsky launches his AI-based venture capital fund

Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.

This is how Klarna will merge e-commerce with physical shopping

Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.

Revolut reached 1.7 million Irish customers

Of the 5 million population, 1.7million people from Ireland use Revolut to some extent.

Money20/20 “the place where fintech communities love to do business” is back

Money20/20 "the place where fintech communities love to do business" is back