Chime customers can now deposit cash at Walgreens locations around the country, the FinTech announced Monday (Dec. 13). This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location. Read more: Chime...
U.K. challenger bank Monzo is raising more than $500 million (£377m) at a valuation of $4.5 billion (£3.4bn) as it gets ready to take a deeper dive into cryptocurrency trading and further evolve its buy now, pay later (BNPL) product. The first part of the...
British bank HSBC on Wednesday (Dec. 1) added a function to its mobile app that will let people invest in a suite of funds for a minimum of 50 pounds ($66.62) in a move that’s aimed at younger people across the U.K. and pits HSBC...
For a company that had been growing by about $10 billion a quarter for most of this year, the Tuesday (Nov. 30) announcement that Nu Holdings, the parent of Brazil-based Nubank, is scaling back the size of its planned initial public offering (IPO) marked a...
There are any number of ways to look at the emerging decentralized finance (DeFi) space, at least where banks are concerned. Some view it as an existential threat, while some believe that banks and DeFi can work together to create a new category of financial...
Digital wallet GoPay is teaming with Bank Jago, the technology bank from Indonesia, to work on more streamlined digital banking to help the vast number of unbanked and underbanked people in the country, a press release says. Under the partnership, the Gojek application will enable...
“Alexa, bring banks customers.” Only five years ago — what seems like a pre-pandemic lifetime — PYMNTS hosted its Alexa Challenge. The event was geared toward bringing teams of developers to reimagine how the virtual assistant could make commerce, and banking, a bit easier. Read...
“Banking is an exciting place to be right now. There’s a lot happening,” Kent Landvatter, CEO/president of FinWise, told PYMNTS CEO Karen Webster in a recent interview. He said technology enabled small banks to compete with regional and national banks, and the increased competition has...
European open banking company Aiia is working with Nordic-based software company Netcompany to help boost open banking and help Danish residents pay bills and invoices, the companies announced Tuesday (Nov. 16). That will come about through a new program from Netcompany called mit.dk, which will...
