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In 2020, European digital payments will hit $802 billion transaction value
According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.
SoftBank is selling $41bn in assets to cover debt and buyback stock
SoftBank Group announced this Monday it is going to sell up to $41 billion in assets to finance a stock buyback, reduce debts and increase its cash reserves.
Italian Banca Sella now also provides Bitcoin trading
Founded in 1886, Banca Sella is one of the better-known banking institutions in Italy.
JPMorgan Chase closed 1000 branches
JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.
Costa Coffee to go cashless as coronavirus spreads
Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK. Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.
HSBC's overhaul to be delayed over COVID-19
Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.
TransferWise and Alipay became partners to enable money transfers to China
UK-based fintech startup TransferWise has enabled international money transfers to China through a partnership with Ant Financial’s Alipay. Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay.
Revolut launches banking app for children
Revolut has launched a “money management” Revolut Junior product, which can be monitored by parents.
Revolut's CFO steps down, cites personal reasons
David MacLean quits Revolut as a chief financial officer after just five months in the role. He has joined Revolut from Metro Bank last July, succeeding Peter O’Higgins.
Penta raises €18.5 million in last financing round
Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors.
Mastercard and Samsung partner for Pay on Demand
Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable […]
Santander buys majority stake in fintech Mercury TFS
Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.
Revolut lets you purchase gold on Premium and Metal
Fintech startup Revolut has introduced a new trading feature for premium users.
Barclays app goes through major changes
UK banking group Barclays announced on Wednesday its customers may now securely make payments from current accounts […]
Credit Sesame launches digital bank account to capitalize on expense management
Credit Sesame introduced Sesame Cash, a free digital bank account as part of a new smart digital banking service that will help consumers grow their cash and credit in one place for free as they spend and save.
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