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Revolut has extended its business product offering by offering a merchant acquiring platform from which businesses can accept online card payments. Revolut’s chief executive Nik Storonsky announced that merchant acquiring... more

The post Revolut announces merchant acquiring solution for businesses 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

The post The top ten challenger banks by value – and why appeared first on Payments Cards & Mobile.

Revolut losses tripled in 2019 as the FinTech blamed rising staff costs more than offset revenue growth, however it argues that it is on track to break even this year... more

The post Revolut losses continue to grow – 3 times greater than 2019 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

The post Open Banking: The future of banking appeared first on Payments Cards & Mobile.