Payments News

On The Web

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Providers

How Wealthfront Is Strengthening Its Banking Arsenal

“Wealthfront may be one step closer to becoming a super robo . The Palo Alto, California-based digital firm is teaming up with the banking and financial services company Green Dot to offer clients a Visa debit card and the ability to direct deposit paychecks from employers, Green Dot CEO Steve Streit said in a May […]
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Providers

Bunq Launches Travel Card to Make Foreign Exchange Fees Disappear

“Fintech startup Bunq provides full-fledged bank accounts. But if you’re happy with your existing bank, the company is launching a new free tier so that you can cut down on banking fees. The Bunq Travel Card is a Mastercard without any foreign exchange fee. The company uses the standard Mastercard exchange rate but doesn’t add […]
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Opinion

The Fintech Bubble Floats Toward a $64 Billion Pin

“The cuddly mask slips sometimes, though. Trendy U.S. online payments company Stripe, worth some $22.5 billion according to private-market valuations, is joining Amazon.com Inc. and Apple Inc. in warning about the impact of EU rules aimed at getting customers to double-check payments going out from their accounts. The campaign reveals a lot about the state […]
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Deals

Fintech Platform Synapse Raises $33M to Build ‘the AWS of Banking’

“Synapse, which operated under the radar prior to (that) Series A deal, is focused on democratizing financial services. Its approach to doing that is a platform-based one that makes it easy for banks and other financial companies to work with developers. The current system for working with financial institutions is frankly a mess; it involves […]
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Providers

Uber Said to Be Expanding Into Fintech, Boosting NYC Hiring

“Uber ( UBER ) may be looking to branch out into the financial technology (fintech) industry, which includes a hiring push in New York City and may eventually include banking, CNBC reported on Monday. The ride-sharing giant, fresh off of its IPO , is looking to hire a team focused on the creation of new […]
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Global

Sberbank to Open First Branch in McDonald’s Restaurant

“Under the agreement, signed at the St. Petersburg International Economic Forum, the companies intend to partner in card acquiring and a number of other more innovative areas such as using technical systems to analyze data, developing consumer behavior analysis systems, speeding up bank card payments, developing a payroll project for employees, and the opening of […]
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Global

3 Biggest Fintech Trends Shaping Latin America

“Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American population with smartphones hit 61% , and LAVCA predicts it will reach 76% by 2025. In Brazil, for […]

On The Wires

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Providers

Airfox Announces Digital Challenger Bank for Emerging Markets

“Airfox today announced banQi , its free and flexible digital challenger bank designed specifically for the Brazilian market and its 50 million people who are not served by traditional banking establishments. Developed by Airfox with strategic partner Via Varejo , a leading Brazilian retailer, the banQi platform evolved from the Airfox digital wallet that launched […]
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Domains

Unisys and PayCargo Partner to Integrate Payment Processing Capabilities Into Unisys’ Award-Winning Cargo Software and Services

“Unisys Corporation (NYSE: UIS ) and PayCargo , LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, today announced an agreement to integrate Unisys’ award-winning Digistics™ cargo software solutions with PayCargo payment processing capabilities to deliver enhanced cargo processing to airlines, freight forwarders and importers.”