Payments News

Companies

Challenger bank Tandem partners with Stripe for upcoming ‘Auto Savings’ feature

Tandem, the U.K. challenger bank, is gearing up to launch a new “Auto Savings” feature — a clever way to lower the barriers for Tandem  app users who want to save for a rainy day — and to power the feature the company is partnering with Stripe. The latter in itself isn’t necessarily huge news when you consider that Stripe  is morphing into a payments company in the broadest sense. However, it does come at a time when other U.K. bank upstarts are attempting to wean users off making Stripe-powered card payments to top up their accounts since fees can soon add up.”