Uber partners with Marqeta, Mastercard, and Branch; & more!
Welcome to?your?daily?FinTech?news!
In case you missed it, please see below today's most relevant news, or tune in to our?Daily Fintech Podcast?here.?
NEWS HIGHLIGHT
Uber partners with Marqeta, Mastercard, and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, etc. The Uber Pro Card offers customized perks, including up to 10% cashback on gas and 12% on EV charging. Link here.
BREAKING NEWS
Chase faces “significant disruption” as the UK app is hit with technical issues. Major outages started on Monday evening and continue to affect the service. Chase UK CEO Sanjiv Somani wrote to customers yesterday to explain the situation and reassure that “we have teams working around the clock to fix this, and we’ll provide updates." Link here.
Zopa CEO hints at a move into SME lending after nearly 18 years of offering consumer loans. The company completed its shift to being a fully licensed bank and has since expanded its personal lending and savings products. Link here
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FINTECH?NEWS
UK businesses wants to axe the ￡5bn stealth tax. The major card schemes charge a percentage of every transaction, and these fees have increased by 600% since 2015. Link here
The Digital Fifth's Annual Fintech Report India. Find out more about payment ecosystem, digital maturity model, lending ecosystem, open banking ecosystem and more here. Link here
Kushki and AMI zoom into digital payments in Mexico. With a population of 130 million inhabitants and a GDP of US $1,293 million, Mexico is the second largest economy in Latin America. Link here
Aapka CFO launches services in the Middle East. It has emerged as an example that challenges trivial ways by re-engineering the product and technology of the biz to scale it to greater heights. Link here
Yubi makes United Arabic Emirates debut. CEO of Yubi, said expanding internationally from the UAE is an important milestone for FinTech′s global ambitions. Link here
Afterpay introduced a new payment solution that gives consumers more choice, flexibility, and time to pay, with transparent terms to support responsible spending. Link here
Western Union acquired Brazilian Te Enviei, bringing WU’s digital wallet to Brazil. This allows customers to store funds and transfer money domestically and abroad. Link here
Rapid Finance acquires lendtech firm Thrive. This “represents a significant addition” to the company’s new technology biz unit, following a recent corporate rebrand and restructuring initiative. Link here
DIGITAL BANKING?NEWS
ABN Amro trials digital identity and payments app. The app allows users to create a secure digital ID on a controlled database, link it to their bank account and use it to authorise payments. Link here
领英推荐
Zil Money reaches 500k customers. Zil Mone offers more functionality and better customer service for all types of businesses across the US with plans to go global within the next year. Link here
11Onze launched its enterprise account. This is a great boost for the fintech sector, offering enterprise services to SMEs and sole traders that big banks generally deny them. Link here
Visa Malaysia has rolled out two initiatives to help young Malaysians improve their financial literacy. The first initiative is a local financial literacy program in partnership with GProvision. Link here
Lloyds Bank launches an account for kids. The account benefits from features such as Save the Change, which rounds up spending to the nearest pound and puts it in the savings account. Link here
Diokno lauds RCBC’s roll out for Filipinos. The country’s first mobile human-assisted remote banking service that seeks to provide banking services to far-flung communities. Link here
Santander UK launches My Home Manager in its app. Users will be able to get cost estimates and free quotes from local tradespeople in their area for home maintenance and repair jobs. Link here
Banc Cambria gearing up for launch next year. The neobank intends to provide essential retail banking services, offering multichannel, bilingual banking services for individuals and SMEs. Link here
Revolut's EU banking COO to join Deblock. Deblock plans to launch initially in France, where the startup aims to obtain a license that it hopes to passport across the region. Link here
PARTNERSHIPS
Curve partnered with Fidesmo. Thanks to the partnership Curve is enabling users in the UK and European Economic Area to add multiple payment cards to Fidesmo devices. Link here
Ajman Bank partnered with VaultsPay. This partnership will form the basis of growth in the digital financial solutions in the UAE and will change the way customers manage finances. Link here
Police Bank Australia taps Temenos to modernise its core banking systems. The bank will deploy Temenos Retail Banking Services running on the Temenos Banking Cloud. Link here
Korea Credit Data raised $24.7 million. The startup wants to address small merchants’ pain points by providing digital financial services, Kelvin Dongho Kim told TechCrunch. Link here
William's sisters have invested in Shares. Their interest in the company comes shortly after Shares closed on a $40 million funding round led by Peter Thiel's Valar Fund. Link here
Solvento raised a US$5 million seed round. Mexico’s FinTech for carriers reported that it will use this infusion of resources to develop its platform, hire talent and grow in Mexico. Link here
Merck commits $20 million to CNote. The investment will be used to support underrepresented communities in the US by providing capital to minority-owned and women-led SME′s. Link here
MoneyGram invests in the startup Jingle Pay. The partnership means that these people can use the Jingle Pay app to send money to over 200 countries and territories around the world. Link here
Enable Banking lands €600,000 investment. The funding guarantees the continued development of the company's technology, and international expansion into the EU. Link here
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost