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Providers

India’s Razorpay Launches Corporate Credit Cards, Current Accounts Support in Major Neo Banking Push

November 22 2019

• in
• Challenger Banks

“India’s Razorpay , one of the largest payments processing firms in the country, today announced a range of new services aimed at startups, businesses, merchants and freelancers as the Bangalore-based firm expands the reach of its financial platform in the nation.”

On The Web

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Providers

Pixpay Is a Challenger Bank for Teens Focused on Pocket Money

December 2 2019

• in
• Challenger Banks

“Meet Pixpay , a French startup that wants to replace cash when you’re handing out pocket money to your kids. Anybody who is older than 10 years old can create a Pixpay account, get a debit card and manage pocket money. Challenger banks are nothing new, but they’re still mostly targeted towards adults. If you […]

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Providers

A Major UK Lender Just Launched a Digital Bank to Compete With Unicorns Like Monzo and Revolut

November 27 2019

• in
• Banks
• Challenger Banks

“British lender NatWest has launched a digital bank to compete in the U.K.’s thriving fintech space. NatWest — a subsidiary of RBS — launched cloud-based bank Bo on Wednesday, with the service going live on both Apple’s App store and Google Play.   Those who sign up to the digital bank will be sent a […]

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Providers

Tink Expands Open Banking in Spain, Portugal and Italy

December 5 2019

• in
• Challenger Banks
• Open banking

“Tink, a Stockholm-based open banking platform, said it has expanded its European presence with entries into Portugal and Italy as well as opening a new office in Madrid, Spain. Tink officials said the Portugal launch follows a September agreement with Caixa Geral de Depositos, which launched a consumer banking app called Dabox, which includes aggregation, […]

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Providers

Hong Kong’s First Digital Bank Offers 6% Rate That Tops HSBC

January 13 2020

• in
• Challenger Banks

“The first of Hong Kong’s new generation of digital banks has announced its arrival with an introductory rate of 6% or higher for deposits. ZA Bank Ltd. , one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage […]

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Providers

Former Google Pay execs raise $13.2M to build neo-banking platform for millennials in India

January 13 2020

• in
• Challenger Banks

“Two co-founders of Google Pay in India are building a neo-banking platform in the country — and they have already secured backing from three top VC funds. Sujith Narayanan, a veteran payments executive who co-founded Google Pay in India (formerly known as Google Tez ), said on Monday that his startup, epiFi , has raised […]

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Providers

Razer Fintech Plans to Build ‘world’s First Global Youth Bank’ Targeting Youth and Millennials

January 2 2020

• in
• Challenger Banks

“Singaporean entrepreneur Min-Liang Tan’s Razer Fintech – the fintech arm of gaming hardware maker Razer – has applied for a Digital Full Bank Licence in Singapore, with a focus on the underserved youth and millennials segment, the company announced on Thursday (Jan 2). If successful, the firm will build what it calls the “world’s first […]

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Providers

S.Korea Launches “Open Banking” Services to Lower Fee, Enhance Convenience – Xinhua | English.news.cn

December 18 2019

• in
• Challenger Banks

“South Korea’s financial regulator said Wednesday that it formally launched “open banking” services in a bid to lower transaction fees and enhance convenience for using online banking services. Under the open banking system, bank customers will be allowed to use any mobile banking application they choose to approach their bank accounts at any local bank […]

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Providers

Barclays’ Former CEO Says Banks Should Beware the Story of Uber

September 4 2019

• in
• Banks
• Challenger Banks

“In late 2015, Antony Jenkins said the banking industry was approaching its “ Uber moment .” The former Barclays CEO predicted that major, established lenders could be forced to cut as much as half their workforces and bank branches in the coming decade. He said that a group of new banks would become well known […]

On The Wires

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Providers

N26 Unveils Its US Debit Card Benefits Perks Program With New Partners Lime, Booking.com, and Headspace

December 10 2019

• in
• Challenger Banks

“N26 Inc. , the US subsidiary of N26 GmbH, parent company of one of Europe’s fastest growing mobile banks, today announced an expansion of its Perks program, which offers customers exclusive cashback rewards and discounts when using their N26 debit card. The partners include some of the most popular global brands in travel, mobility, wellness, education, and […]