Payments News

On The Web

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Companies

TransferWise to offer investment products but has ‘no plans’ to become a bank

“TransferWise, the London-headquartered international money transfer service recently valued at $3.5 billion , has secured an additional license with U.K. regulators to enable it to offer investment products in the future. This will mean that U.K. customers who have money deposited in a TransferWise multi-currency or so-called “borderless” account will be given the option to […]
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Providers

Digital investing platform for women, Ellevest, expands into banking

“Ellevest, a company whose focus has been on closing the gender investing gap by way of a financial planning service aimed at women, is today expanding into banking. The company this morning announced a new membership plan which encompasses one-on-one financial and career coaching, member-only workshops and guides, personalized investing plans, plus a no-fee debit […]
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On The Wires

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Providers

Metova Chosen by MyBambu to Develop Industry-First Mobile FinTech Solution for Underbanked Consumers

“Metova, a leading provider of mobile, web, connected home and car, and IoT (Internet of Things) solutions , fueled by emerging technologies including machine learning, mixed reality, and blockchain, today announced the successful completion of MyBambu’s FinTech application – the first mobile FinTech solution for underbanked consumers. MyBambu chose Metova as a strategic technology partner […]
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Providers

Capital on Tap Partners With Marqeta for Expansion to Spain

“Using Marqeta, Capital on Tap allows Spanish SMEs to access funding in a more streamlined and frictionless way. Its online onboarding processes mean customers don’t need to visit their bank and wait weeks for a response; instead, decisions on funding can be made within a day. In addition, Marqeta-powered credit cards provide more suitable lines […]
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Providers

Galileo Instant Takes Aim at Growing 1099 Payment Landscape

“Galileo today announced the full launch of Galileo Instant, a frictionless solution for gig-economy, marketplace, ecommerce, fintech and other businesses that want the speed and convenience of creating debit cards through a single point of contact—Galileo. Using Instant, qualified businesses can launch their debit card programs as early as 14 days—start to finish.”