Payments News

On The Web

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Domains

Pandemic creates big audience for wage access fintechs

“The pandemic has unleashed a boom in US fintech start-ups offering workers early access to their wages, even as questions mount about the impact their business models have on consumers.  So-called earned wage access programs vary in nature, but usually offer workers the option to receive some of their wages outside of the two-week pay […]
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Global

Colombian Fintechs Fill Latin American Banking Gaps

“When it comes to smartphone apps, banks in Latin America have been behind the curve. Movizzon, a Colombian fintech company, is helping them change that. The company buys thousands of smartphones into which it installs two apps: its own, and that of its bank clients. Movizzon’s app then takes control of the dummy phones, logging […]
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Providers

German Fintech Deposit Solutions Launches in the US

“Deposit Solutions, a Germany based Fintech unicorn, has announced its launch in the US market. According to a release, its consumer savings portal SaveBetter connects American banks digitally with savers, targeting the $16 trillion U.S. deposit market. Prominent US entrepreneur and investor Peter Thiel is a backer of Deposit Solutions.”
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Providers

PayPal and Capital One Alums Launch Bundled Banking App

“One, a banking app that launched to the public on Tuesday, is trying to take many of the products one might find at different fintechs — from spending to saving to borrowing — and bundle them into a single account and debit card. The effect of accumulating those features in one place, its founders hope, […]
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Providers

Currencycloud and Tribe Payments Collaborate on Banking as a Service Product

“Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company…The two companies explain that the partnership has been developed to give Tribe Payments partners access to real-time, wholesale FX rates. Tribe Payments will also offer unique, named virtual accounts in 35 currencies, […]
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Global

JPMorgan-Backed Brazil Fintech Plans to Expand in U.S., Mexico

“FitBank Pagamentos Eletronicos SA, a Brazilian fintech backed by JPMorgan Chase & Co. , plans to open a U.S. office in the first half of 2021. The payment-services firm, which has more than 100 clients in Brazil, is also expecting to start operations in Mexico, Peru and Colombia sometime next year, according to Chief Executive […]
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Global

Nigeria Fintech Sparkle Announces Partnership with Visa

“Nigeria’s digital banking platform Sparkle partnered with Visa in a collaboration aimed at entrepreneurs, consumers, and SMEs throughout Nigeria. Sparkle is a digital financial services platform supporting Nigerians across the globe. The new partnership will equip Sparkle with greater flexibility and freedom on how in-app payments are made. Users of the Sparkle app can make […]

On The Wires

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Providers

i2c Joins Visa’s Fintech Fast Track Program As New Enablement Partner

“i2c Inc. , a leading provider of digital payment and banking technology today announced that it has joined Visa’s Fintech Fast Track program as a new enablement partner in the US, Canada and CEMEA region, speeding up the process of integrating with Visa and allowing fintechs to more easily leverage the reach, capabilities, and security […]