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Thursday, May 26, 2022
Tags Paytech

Tag: paytech

Digital wallets account for 22% of global POS spend

The evolution of the consumer payment method is reshaping payments diversely in its wake around the world. Payment preferences are as diverse as the people that use them. With a close look, we find global trends across the universe of commerce.

UK’s most valuable fintech startup? Revolut!

The digital bank Revolut has become the UK’s most valuable financial technology startup after a funding round that more than tripled its value to £4.2bn.

Tymit launches new app-enabled instalment credit card

London-based FinTech Tymit has announced the launch of its app-enabled fee-free instalment Visa credit card.

Monzo is hiring! And relaunching paid accounts

British digital bank Monzo is a fast-growing business, so it plans to hire up to 500 people and forecasts it will get 5.5 million users this year.

Immigrant Credit Access? Nova Credit raised $50M

Around 70% of people around the globe now have some form of a bank account, according to the World Bank. But when it comes immigrants, they essentially leave behind their financial histories, starting again from zero.

Tandem Bank CTO steps down as it anticipates fresh £50m funding round

Tandem Bank is close to securing fresh funding near to £50m, as it makes a management change.

Will ApplePay have a 10% transaction share by 2025? Likely so

Apple Pay will be most likely responsible for 10% global card transactions by 2025 worth trillions of dollars a year and even rival PayPal for online payments.

Mastercard in China? $27 Trillion market awaits!

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market.

N26 shuts down in the UK! Brexit is to blame

Berlin-based digital bank N26, which is a rival to Revolut and Monzo, is closing accounts for UK on 15 April. “We will be unable to operate in the UK with our EU banking license so we will be leaving the UK and closing all accounts” is the official N26's statement.

Is “Curve” moving to the U.S.A? They’ve already opened a center in Brooklyn!

The Curve is a well-known London-based fintech with which you may combine your bank cards into one. Curve has about 300,000 cardholders at this point.
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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