Challenger banks have raised hundreds of millions in venture capital to take on bank incumbents. But how are these startups doing at reaching, converting, and engaging millions of customers? Challenger... more
Mastercard has outlined a new initiative to increase the UK’s access to cash. Local shops and businesses who choose to offer cashback in conjunction with a purchase, will from April... more
The post Mastercard to offer retailers fee incentive to boost cashback in the UK appeared first on Payments Cards & Mobile.
The Monetary Authority of Singapore (MAS) is reported to be evaluating if it should allow FinTech companies to operate in the city under a virtual banking license. Banks in Singapore... more
The post Singapore exploring virtual banking licenses for FinTechs appeared first on Payments Cards & Mobile.
The journey from unbundling to rebundling and back has been a formidable one. Open Banking and emerging technologies and the pace of innovation are driving changes throughout the banking industry... more
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past... more