Its safe to say Monzo is not having a good couple of weeks. On 30th July the company issued a PR which saw £114.8 million in pre-tax losses* last year... read more
The post Monzo in double trouble as it issues results warning and faces AML probe appeared first on Payments Cards & Mobile.
There are 17 unicorn neo banks (defined by a pre-money valuation over $1 Billion) from around the world and here they have been categorised by their core product at time of launch.... more
The post Unicorn Neo Banks and their performance through COVID-19 appeared first on Payments Cards & Mobile.
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.