The Top 5 FinTech News Updates Of The Week
Welcome to the third edition of "FOMO on FinTech News". My mission? To make sure you never experience that dreaded Fear Of Missing Out.
So let's not waste any of your valuable time on the weekend and dive in!
5 News Updates You Don't Want To Miss:
1?? Good and Bad news for Apple: In the UK???? Apple Wallet app will now be able to show users’ current account balance from their bank . In the US????, however, Apple was ordered to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet.
2?? ???? Mercedes and Mastercard: Transforming Your Dashboard into a Wallet.
Gone are the days of scrambling for coins to feed the parking meter or stretching out of your car window to pay at the garage. Digital payment technology is driving a change. Simply tap on your car's infotainment display to reserve or pay for parking. But what if it was even more streamlined?
Introducing Mercedes pay+, an in-car e-commerce gateway for purchasing Mercedes-Benz offerings.
3?? ???? Square releases tap to Pay on Android across Canada.
The new technology enables businesses to securely accept credit card contactless payments with a compatible Android device, at no additional cost. In addition to this, the company's Canadian cannabis agreement lays the groundwork for U.S. growth.?
4?? ???? It’s now possible for millions of PayPal customers in the UK to spend in-store with PayPal via Curve
Customers will be able to directly connect their personal or business PayPal account to Curve quickly and easily, without having to enter account, debit or credit card details, and select it as their preferred payment option to make purchases in-store, expanding PayPal’s reach to include all point-of-sale and contactless transactions.
5?? ????Albo closes round for $40 million to be profitable in 2024.
This capital will not only help solidify Albo's financial service offerings but will also cater to small and medium-sized businesses with credit and payroll management .?
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The Most Important Educational Articles You Need To Read:
A Global Overview Of Account-To-Account (A2A) Payment Methods
The FinTech landscape has been evolving rapidly, spurred by the global push for quicker payment solutions and more choices in payment mechanisms.
These changes, which were accelerated by the COVID-19 pandemic and the surge in digital adoption, aim to disrupt the stronghold card systems in the banking arena and offer consumers and merchants diverse payment options.
Read all about it in my blog post Global Overview Of Account-To-Account (A2A) Payment Methods:
The Global Buy Now, Pay Later (BNPL) Market Map
Throughout 2022 and 2023, the BNPL model took center stage in FinTech discussions. Amid a challenging economic climate, consumers were drawn to its convenience and an alternative credit option.
However, concerns about its rapid rise, including issues related to speed, financial inclusion, and responsible borrowing, signaled the urgency for regulatory oversight and enhanced consumer awareness.
Read all about this in my blog post The Global Buy Now, Pay Later (BNPL) Market Map:
Enjoy your Sunday and see you next week!
Cheers,
Marcel
The Payment Solutions Guy — I'll help you decrease processing fees by 20%, and improve approval rates (guaranteed) by finding the best Payment Providers for your business | Visit my website to learn how
1 年Who would've thought I'd be able to pay from my car's dashboard? Can't wait to see what's next on the fintech horizon Marcel van Oost
Sales Associate at American Airlines
1 年Thanks for sharing
"People say I know a thing or two about finance, tech, and AI… which is cool, I guess ????????” Opinions are mine, not those of my employer or affiliates—just my unique brand of thinking AI used for ?? my spelling only
1 年I wonder how much Monzo had to pay to be the bank show on the release image.