Amazon Expands Credit Card Options in Germany and the UK
Amazon Expands Credit Card Options in Germany and the UK

Amazon Expands Credit Card Options in Germany and the UK

Hey FinTech Fanatic!

Greetings from Bogotá, Colombia! After an invigorating week in Cura?ao, I’m thrilled to be here, diving into what promises to be an exciting week ahead. The agenda is packed with meetings with some of the most innovative minds in the local FinTech industry, and I’m looking forward to the opportunities and insights that this vibrant city has to offer. More updates from Colombia to follow soon.

Now over to my FinTech news highlights of today:

Amazon has launched two new credit cards in partnership with Santander in Germany and Barclays in the UK, enhancing its financial offerings in Europe.

In Germany, the Amazon Visa credit card, offered with Santander , has no annual fee and allows customers to earn 1% back on Amazon.de purchases and 0.5% on other spending.

Prime members can earn 2% back on Amazon purchases during special events like Prime Day. Points can be tracked and redeemed through the Amazon Visa app, and payments are managed via Zinia, Santander's financing platform.

In the UK, Amazon has introduced the Amazon Barclaycard , which offers 1% back on Amazon purchases and 0.5% on other spending for the first year, decreasing to 0.25% thereafter.

Prime members earn 2% back on Amazon during events like Black Friday. The card also comes with no annual fee, a £20 Amazon gift card upon approval, and 0% APR on purchases for the first six months. Additional perks include access to exclusive UK event pre-sales and discounts at select venues.

These new cards, powered by Visa, reflect Amazon's commitment to providing valuable rewards and enhancing the Prime membership experience across Europe.

Enjoy more FinTech industry updates below, and I'll be back in your inbox tomorrow!

Cheers,

Marcel


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POST OF THE DAY

?? Visa and Mastercard are thriving in Europe, with their total transaction volumes surging by 11% in the second quarter, reaching €1.206 trillion ??

Scheme Payment Volume, Europe (€bn) - Source: Business of Payments for company reports

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???? Ticombo selects Mangopay to transform the ticket-selling experience.?Mangopay will manage Ticombo’s end-to-end payment flow from pay-in to payout as Ticombo works to provide a fair, trusted, and transparent experience for its users worldwide.

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OPEN BANKING NEWS

???? The Australian Government has instigated a “reset” of the country’s Consumer Data Right (CDR), citing the cost of implementation as an impediment to adoption . The Albanese Government has opened a consultation on simplifying consent rules, allowing consumers to give multiple consents in a single action.


DIGITAL BANKING NEWS

???? Interest rates offered by financial institutions in Colombia ?

A snapshot of the landscape??

Interest rates offered by FIs in Colombia - Superfinanciera/Sondeo LR/Graphics: LR-GR

???? Wise Payments Ltd. plans to start signing up new customers in India for overseas remittances after a pause, seeking a bigger slice of a market that’s swelled to $32 billion. The London-based FinTech firm stopped accepting new clients in recent months in order to revamp its infrastructure after getting a license from the Reserve Bank of India that permits the app’s customers to send more money?overseas. Wise plans to restart signing up new customers in the next few months, said Shrawan Saraogi, Asia Pacific head of expansion at Wise.

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???? Saudi Central Bank (SAMA) has announced the launch of a government banking services digital platform named ‘NQD’.?The platform provides ‘easy access’ for government entities to their accounts at SAMA to conduct financial transactions through a ‘secure and unified’ digital platform,’ according to the announcement. The central bank describes NQD as part of its strategy to ‘deliver banking services to government entities, as well as supporting digital development’.


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???? Binance executive Tigran Gambaryan’s health continues to deteriorate amid prolonged incarceration in Nigeria. Gambaryan’s prison condition had exacerbated a preexisting back problem, a herniated disc, which requires highly specialised surgery , according to Nigerian sources who spoke with DL News under conditions of anonymity.


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M&A

???? Janus Henderson Group Plc has agreed to buy Victory Park Capital Advisors in a bid to expand in the fast-growing private credit market, particularly asset-based finance. Discover more in the full article


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???? Robinhood welcomes Jeff Pinner as Chief Technology Officer. Jeff is a deeply respected innovator who will help accelerate Robinhood’s product roadmap, scale their infrastructure , enhance customer experiences, and drive operational efficiencies.?


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Connecting The Dots in FinTech


Antony Martini ??

Head of Education & Talent Programmes @ The LHoFT | FinTech, Blockchain, AI | Co-Lead on MBA Electives & Fintech Certificate @ HEC Liège Luxembourg | Top 10 most influential on Linkedin in Luxembourg (Favikon)

3 个月

Thanks for sharing Marcel van Oost!

Great update, thanks for the mention!

Mateusz Kara

CEO at Ari10 - Crypto solutions for B2B & B2C market | Blockchain Lawyer | Active investor | Tokenization | NFT & Blockchain

3 个月

With all these fintech updates, my wallet's getting smarter than me! ??

Nick Dunse

The self proclaimed, most influential person in payments. Except for Jack Dorsey or those two bros from that other company & definitely not Satoshi Nakamoto, but after all those guys it's me.

3 个月

Great roundup of key updates.

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