The profitable fintech is expanding its product suite and will create its own loan-servicing platform—an IPO figures in its long-term roadmap.
Wise partnership to help Yapeal keep pace in Europe: The Switzerland-based neobank and the fintech will roll out a remittances feature that will work in over 80 countries—and help Yapeal keep up with other digital-only banking players in Europe.
The neobank’s addition of several new features to its paid accounts could help it attract and retain premium customers.
Visa seeks to build up open banking: Months after its bid for Plaid was called off, the payments giant is buying the Sweden-based API provider Tink for €1.8 billion ($2.05 billion)—a deal that could enable the combined entity to establish a de facto European open banking standard.
US boomers aren’t ready for mobile wallets
More than 45 million people ages 14 and older in the US will use buy now, pay later (BNPL) services this year, according to our inaugural user forecast for these financing options. That’s up 81.2% over 2020, and the age range of BNPL users will widen over the coming years as well.