Samsung Electronics America, Inc., announced Samsung Money by SoFi. This brings a brand new cash management account with a Mastercard debit card and exclusive benefits to Samsung Pay.
Tencent's WeChat Pay will start giving its 600 million users a credit rating using an AI-based system to determine people’s “trust” value, according to Asia Times Financial.
Google is likely going to push into banking and this could include a parallel to the Apple Card.
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.
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.
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will open its Alipay mobile app platform to 40 million service providers in China over the next three years and help them digitize their offerings, it said on Tuesday.
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.
Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.