Payments News

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Providers

Credit Card Issuers Rankle Travelers Scrambling to Cancel Trips

“Card issuers are scrambling to respond, with many tweaking refund policies along the way. Customers say they have had to wait hours on the phone to talk to customer-service representatives. Card issuers have been lenient with refunding customers who can no longer travel because they have personally contracted coronavirus. But many customers simply don’t want […]
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Providers

Monzo launches free and paid-for business bank accounts

“Monzo , the U.K. challenger bank, is officially launching business bank accounts today, after an extensive trial period over the last 12 months that saw early access given to 2,500 business customers. Perhaps surprisingly, right out of the gate Monzo is offering two versions of its business bank account — which is aimed at sold […]
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Deals

Business banking fintech Penta raises another €18.5M

“Penta , the Berlin-based business banking challenger that also now operates in Italy, has raised €18.5 million, described as the first closing of a new funding round. Leading the round is new investor RTP Global and existing investor HV Holtzbrinck Ventures. Also participating is ABN AMRO Ventures and Berliner Volksbank Ventures, and Finleap (the fintech company […]
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Providers

Yes Bank Crisis May Be Over for Its Depositors but India’s Banking Sector Won’t Recover Soon

“The worst is behind for India’s embattled Yes Bank, or so the country’s central bank has assured nervous depositors and investors. Yet, the recent feverish behaviour of the private lender translates into an epidemic-like scenario for India’s troubled banking sector. In a hurriedly-called press conference yesterday (March 16), Reserve Bank of India (RBI) governor Shaktikanta […]
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Industry

Crowd-lending platform October hits pause on loan repayments

“French startup October wants to reduce the pressure on small and medium companies going through the coronavirus crisis. In order to give them some headroom, companies that have borrowed money on October won’t have to pay back their loans for the next three months.”
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