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Saturday, October 31, 2020
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Tag: payments

TranferWise is waiving fees on $20,000,000 in donations to COVID-19 research

The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.

Wirex raises £3.7m through crowdfunding

Wirex is operating in 130 countries with 3.1m registered users and is a crypto-currency payments platform that launched the world’s first Visa crypto-enabled payments card.

PayPal enters UK’s market with Klarna like product

PayPal launches a new buy now, pay later product in the UK allowing users to pay in three instalments over a short period.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

PayPal enters the installment market with a new BNPL product

PayPal is launching its ‘Pay in 4’ platform in the United States to compete with Klarna and other 'buy now, pay later' based businesses.

Swedish unicorn Klarna reports increase in net losses

The buy now, pay later market leader released its report for the first half of 2020. Although Klarna experienced growth in some sectors, the net loss is $59.8 million.

Klarna thrives under lockdown

The 'buy now pay later' Swedish fintech has recently seen the biggest transaction traffic from generation X.

TransferWise expands its global partnership with Mastercard

Mastercard and TransferWise have expanded their collaboration agreement so that the issuance of cards will be allowed in any market in the...

Mastercard launches sustainable card programme

​Mastercard has joined forces with other global players to develop a sustainable credit card program in a bid to cut down on single-use plastics.

Klarna has tightened lending during the lockdown

Buy now, pay later service Klarna has seen a boom in business during Britain's lockdown. However it tightened its rules on lending as a result of the financial uncertainty caused by the UK’s lockdown.
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Visa’s Plaid takeover faces antitrust scrutiny at the DOJ

The Departement of Justice could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, the Wall Street Journal reported.

Thomas Dodson joins N26 as Head of Engineering in the US

In his role, Thomas Dodson will bring technical and strategic leadership to help N26 accelerate its growth in the US market.

Kevin Albrecht, CEO, and co-founder at Swedish Fintech P.F.C. interviewed by Everly.eu

Kevin Albrecht, CEO, and co-founder at Swedish Fintech P.F.C. interviewed by Everly.eu

Bunq has been added to the Dutch Fair Finance Guide

Dutch digital bank bunq is the first challenger to be included in the banking guide on honestegeldwijzer.nl (EGW).