Cash App to exit UK as Block scales back international expansion plans
Block is currently focused on “growing within the US, not expanding into new markets”.
News, intelligence and resources on the global fintech industry including topics such as Peer-to-Peer/P2P.
Block is currently focused on “growing within the US, not expanding into new markets”.
The app comprises financial, social and academic functionalities.
The exploratory study will focus on “real-time cross-border and cross-currency payments”.
Our pick of the top fintech news stories this week includes Revolut, BlackRock, Project Nexus and more.
Customers of DSVG and DZ Bank in Germany will be among the first Wero users.
FinTech Futures takes a look back at five of the top new launches in June.
The service is to extend to Sweden following Vipps’ entry into the market.
Further developments are expected to emerge during a shareholder meeting later this week.
Ferrera succeeds the retiring Larry Angelilli, who has served for nearly a year in the role.
BridgeFund will leverage the platform to “expand its account volumes and product offerings”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures takes a look back at five of the top new launches during May.
The collaboration aims to “help validate bank account details used in international payments to Australia”.
The firm enables Latino workers in the US to send money abroad via WhatsApp.
The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Lydia says it plans to pump over €100 million into Sumeria over the next three years.
Writing on LinkedIn, Harding says he will announce his “next professional adventure shortly”.
The companies have not disclosed the amount paid for Wyre’s customer base.
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
The social media platform has obtained a money transmitter licence in 14 US states so far.
Lendo has announced it plans to pursue an IPO “within the next few years”.
The aim of the strategy is to “develop pan-European solutions for payments at the point of interaction”.
Cash App had been pursuing a VASP licence in the country since 2021.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
The acquired solutions will boost the development of EPI’s digital wallet Wero, which is launching next year.
The licensed electronic money institution will be able to onboard new customers with just a passport.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Bendras finansavimas, the operator of Savy, is expected to utilise all of Amlyze’s core modules.
The round also saw participation from existing investor SBI Holdings, and succeeds the platform’s $23.5m Series C.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The UK-based cryptocurrency app intends to complete its US expansion by Q4 2023.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
This latest funding brings the total amount of capital raised by the bank to £530 million.
The bank is leveraging Wise’s technology to deliver “smooth and effective international transfers”.
The bank is seeking to align with the UK’s incoming New Payments Architecture and new ISO 20022 standards.
The move comes amid major regulatory enhancements for crypto set by the Canadian financial regulator.
The move is part of Block’s plans to reduce brand spending.
The launch is Garanti BBVA Financial Technologies’ first foray into digital assets.
Trintech hopes the deal will “act as a springboard for innovation” for its accounting automation platform.